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POEMS vs Vickers

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Old 03-01-2021, 06:17 PM   #16
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FSM1- Can sell SG CDP shares and also shares bought via Cpf investment acct/Srs acct .Commission for selling is 0.08% min sgd $10
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Old 03-01-2021, 07:57 PM   #17
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Realized that, and hence the edit comment

Also, DBSV has no maintenance fee except for a $2 monthly custody fee compared to the $16.05 quarterly fee for POEMS. Leaning towards DBSV now...

still a little apprehensive about Tiger broker being a relatively new broker with reputation, safety, etc. that only time can tell..
Poems they directly calculate and debit/credit to your assigned account. Vickers you need to make sure you have the USD in your account. Even if you have more than enough in SGD, they wonít deduct.
Last when I used long ago, both charges $2/ticker/mth. If you have 2 trades per month or 6 in a quarter, they waive this charge. Maybe they revise this, I donít know. But where did you read poem is flat $10.88?
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Old 04-01-2021, 09:33 AM   #18
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Just to make it simple.
$10 comm basically are custodian acc, not link to CDP
$25 comm, all link to CDP

CDP mean you hold your shares in there and you own the right to vow, proxy etc. CDP is for long term investment.
Custodian acc mean shares you brought holding there, you got no right to vow. Custodian is for trading.

Btw FSM1 got lag and other problems.
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Old 04-01-2021, 09:34 AM   #19
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Just to make it simple.
$10 comm basically are custodian acc, not link to CDP
$25 comm, all link to CDP

CDP mean you hold your shares in there and you own the right to vow, proxy etc. CDP is for long term investment.
Custodian acc mean shares you brought holding there, you got no right to vow. Custodian is for trading.

Btw FSM1 got lag and other problems.
DBS Vickers cashup front $10 also CDP.
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Old 04-01-2021, 01:00 PM   #20
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POEMS is $6.88 if 'Premier' account.
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Old 04-01-2021, 01:45 PM   #21
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DBS Vickers cashup front $10 also CDP.
Buy sell also $10? I think is buy $10, sell $25 right? Can't rem.
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Old 04-01-2021, 01:48 PM   #22
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Buy sell also $10? I think is buy $10, sell $25 right? Can't rem.
Buy.

Sell can use fsm1
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Old 04-01-2021, 03:19 PM   #23
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Buy.

Sell can use fsm1
Just make it simple for newbie. Old bird no problem to understand this kind of transaction.
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Old 04-01-2021, 04:11 PM   #24
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Just make it simple for newbie. Old bird no problem to understand this kind of transaction.
Then the newbie might end up spending more money
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Old 04-01-2021, 04:20 PM   #25
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Then the newbie might end up spending more money
This is only peanut compare to his 10k investment
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Old 04-01-2021, 09:52 PM   #26
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This is only peanut compare to his 10k investment
Many $25 is a lot
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Old 13-01-2021, 07:47 PM   #27
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Buy.

Sell can use fsm1
Buy from DBS
trf to fsm1 and then sell?

Is that what you mean? really confusing for a newbie like me but better to learn than to not know at all
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Old 14-01-2021, 04:47 AM   #28
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Buy from DBS
trf to fsm1 and then sell?

Is that what you mean? really confusing for a newbie like me but better to learn than to not know at all
Buy from DBS vickers will go to CDP.

FSM1 can sell from CDP.
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Old 14-01-2021, 05:46 AM   #29
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Buy from DBS vickers will go to CDP.

FSM1 can sell from CDP.
Just signed up for FSMone yesterday, read about the feature and about to link my CDP.

Thanks for sharing your knowledge!
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Old 14-01-2021, 10:37 AM   #30
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Buy from DBS vickers will go to CDP.

FSM1 can sell from CDP.
You teach a newbie this without telling him any thing about clearing etc
This going to be a hard lesson.
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