HWZ Forums

Login Register FAQ Mark Forums Read

Standard Chartered - Only Online Trading in town with no minimum commission

Like Tree964Likes
Closed Thread
 
LinkBack Thread Tools
Old 17-08-2015, 01:54 AM   #4306
Junior Member
 
Join Date: Jun 2012
Posts: 19
Why my mcash wallet can't transfer the money to my dash account? Keep pop out saying System error. Do i need IB to do it?
ericz520 is offline  
Old 17-08-2015, 03:49 AM   #4307
Great Supremacy Member
 
Perisher's Avatar
 
Join Date: Jan 2015
Posts: 57,253
Why my mcash wallet can't transfer the money to my dash account? Keep pop out saying System error. Do i need IB to do it?
Try in the morning again, if not call up SCB.
Mine has no issues.
__________________
Perisher is offline  
Old 17-08-2015, 07:22 AM   #4308
Master Member
 
Join Date: Oct 2004
Posts: 3,445
1k at 1% pa is a loss of $10 per year if you keep in esaver.

by closing the account, you miss the potential high interest rate promotion which the benefit is more than offset the loss.

assuming you have a big savings.
agree it's pointless to argue. want to keep or not should be up to the individual.

just cos someone prefers to use the dash account over esaver doesn't mean that person has less than 1k and shouldn't invest.
Asphodeli likes this.
__________________
[SIZE=1][/SIZE]
hyperbole is offline  
Old 17-08-2015, 08:42 AM   #4309
Arch-Supremacy Member
 
xtwis7's Avatar
 
Join Date: Oct 2006
Posts: 20,021
The SMS system is lagging or it's my phone?
__________________
Life is great.
xtwis7 is offline  
Old 17-08-2015, 08:48 AM   #4310
Master Member
 
Join Date: Oct 2004
Posts: 3,445
SMS lagging
hyperbole is offline  
Old 17-08-2015, 10:04 AM   #4311
Supremacy Member
 
Join Date: Jan 2013
Posts: 6,613
just got SCB online trading access.
quik qn : platform cannot buy / sell bonds on SGX is it ? like CapMall or FCL. Key in code & platform says not found.
oceanicmanta is offline  
Old 17-08-2015, 01:42 PM   #4312
Member
 
waxqube's Avatar
 
Join Date: Jun 2006
Posts: 335
just got SCB online trading access.
quik qn : platform cannot buy / sell bonds on SGX is it ? like CapMall or FCL. Key in code & platform says not found.
You can still buy. Just that SCB doesn't provide information for it.
waxqube is offline  
Old 17-08-2015, 01:54 PM   #4313
Great Supremacy Member
 
Perisher's Avatar
 
Join Date: Jan 2015
Posts: 57,253
Don't use the search, just key the code to buy. Should be able to see.
Perisher is offline  
Old 17-08-2015, 07:56 PM   #4314
Junior Member
 
Join Date: Mar 2013
Posts: 91
If the status is "filled", what does it mean? I already successfully purchased the shares? But why then my settlement account didn't got deducted?
Joeil- is offline  
Old 17-08-2015, 08:01 PM   #4315
Arch-Supremacy Member
 
Asphodeli's Avatar
 
Join Date: Jul 2001
Posts: 16,566
If the status is "filled", what does it mean? I already successfully purchased the shares? But why then my settlement account didn't got deducted?
Yes it means your order was ful-"filled".

The money will be deducted after 3 days as per standard SGX settlement rules, but your cash balance is NOT reflected. SCB's kinda clunky that way
__________________
Get spot PSI readings @ Community Online Haze Index
http://www.cohi.sg/

Last edited by Asphodeli; 17-08-2015 at 10:17 PM..
Asphodeli is offline  
Old 17-08-2015, 08:18 PM   #4316
Great Supremacy Member
 
Perisher's Avatar
 
Join Date: Jan 2015
Posts: 57,253
If the status is "filled", what does it mean? I already successfully purchased the shares? But why then my settlement account didn't got deducted?
Asphodeli got it wrong this time.
SCB is a cash up front account.
Your $$ is deducted immediately, just not reflected immediately until 3 working day later.
edit:You cannot use whatever fund you see as it's deducted already.

It works both way. When you sell, although you can't see your capital increases, you can immediately use the fund to purchase stocks but...
you can't transfer $$ out to other account until it's shown/updated in your account.
Asphodeli likes this.
__________________

Last edited by Perisher; 17-08-2015 at 08:22 PM..
Perisher is offline  
Old 17-08-2015, 08:29 PM   #4317
Junior Member
 
Join Date: Mar 2013
Posts: 91
Thanks. Just asking since ETF tracks a number of top holdings (ie. DBS as one of them), then what's the difference of buying this and buying DBS shares alone? Does it mean buying ETF is like not putting all eggs in one basket? Other than this, it is the same holding DBS shares alone compared to DBS shares as one of the holdings in your ETF?
Joeil- is offline  
Old 17-08-2015, 08:45 PM   #4318
Great Supremacy Member
 
Perisher's Avatar
 
Join Date: Jan 2015
Posts: 57,253
Thanks. Just asking since ETF tracks a number of top holdings (ie. DBS as one of them), then what's the difference of buying this and buying DBS shares alone? Does it mean buying ETF is like not putting all eggs in one basket? Other than this, it is the same holding DBS shares alone compared to DBS shares as one of the holdings in your ETF?
Quite a few difference actually.

When you buy etf, you diversify immediately, that is right.
You can't attend AGM of individual companies so you can't vote and you can't get any freebies(important to the uncles/aunties, =P) at AGM.
You can't get the individual companies' dividends which tends to be higher.
You can't get discounted shares.
You can't dictate what's included or excluded from that 30 companies(I wouldn't put Golden Agri, Olam or Noble in there by now)
etc...

You do get lesser risk since the odds of 30 companies folding together is almost 0 barring all out war.
You also get less complication than buying 30 companies and keeping up with their dividends/rights/AGM etc...
Not to mention less letters/reports/analysis...
You also get bigger companies without doing anything since the 30 companies are replaced upon hitting some criteria so you don't have to manually do the replacing of weak companies.
etc...
__________________
Perisher is offline  
Old 17-08-2015, 09:50 PM   #4319
Junior Member
 
Join Date: Mar 2013
Posts: 91
Quite a few difference actually.

When you buy etf, you diversify immediately, that is right.
You can't attend AGM of individual companies so you can't vote and you can't get any freebies(important to the uncles/aunties, =P) at AGM.
You can't get the individual companies' dividends which tends to be higher.
You can't get discounted shares.
You can't dictate what's included or excluded from that 30 companies(I wouldn't put Golden Agri, Olam or Noble in there by now)
etc...

You do get lesser risk since the odds of 30 companies folding together is almost 0 barring all out war.
You also get less complication than buying 30 companies and keeping up with their dividends/rights/AGM etc...
Not to mention less letters/reports/analysis...
You also get bigger companies without doing anything since the 30 companies are replaced upon hitting some criteria so you don't have to manually do the replacing of weak companies.
etc...
If etf dividends will be lower than individual company dividend, any way I can see how much dividend for each company under the etf?

And talking about letters/reports, I understand that by going through SCB, they will be the custodian of my shares. This means the company doesn't recognise me as their shareholder, but SCB which also means I won't receive the company's reports/letters right?
Joeil- is offline  
Old 17-08-2015, 09:54 PM   #4320
Senior Member
 
Join Date: Apr 2007
Posts: 2,195
If etf dividends will be lower than individual company dividend, any way I can see how much dividend for each company under the etf?

And talking about letters/reports, I understand that by going through SCB, they will be the custodian of my shares. This means the company doesn't recognise me as their shareholder, but SCB which also means I won't receive the company's reports/letters right?
All can be found in the respective companies' websites, usually under investor relations link. Or you can go to the SGX corporate announcements page to look for the information.

You will not receive the annual reports and such, but then again you can look them up in the places in the previous paragraph above.
__________________
Long live the Bedokians!!!

Last edited by Bedokian; 17-08-2015 at 09:56 PM..
Bedokian is offline  
Closed Thread
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On