POEMS vs Vickers

[sohguanh]

Just side track a bit. Old brokers like poems allow ppl to short sell and contra. When you short sell you must indicate in the app. This info is then passed to SGX who then can compile the daily short sell report.

Newer brokers cannot and some use pre-fund model means put monies first then can play. I wonder why new brokers don't follow becuz it is a sizeable revenue stream unless they worry cannot get monies from those who lose monies?

 

[sohguanh]

Poems latest promotion for SGX SDR. Cash voucher AND zero brokerage can stack for SGX SDR. So if you Cash Management account type stock go into CDP it is basically free brokerage plus a bit.

I check SGX some ETF and now SDR Phillip Securities are the maker or issuer? No wonder they try so hard to encourage ppl trade. No minimum commission for SGX ETF also from them.

 

[sohguanh]

Poems latest promotion for SGX SDR. Cash voucher AND zero brokerage can stack for SGX SDR. So if you Cash Management account type stock go into CDP it is basically free brokerage plus a bit.

I check SGX some ETF and now SDR Phillip Securities are the maker or issuer? No wonder they try so hard to encourage ppl trade. No minimum commission for SGX ETF also from them.

Just to share their SDR $15 or $50 voucher promo really got give never run road refuse give. Since each voucher valid for one week they give the monies on the next week Monday. E.g week5 SDR give on 11 Nov 2024 where the voucher validity is 01 to 07 Nov 2024. As for free brokerage fees need to wait until Feb 2025 then know will give or not. I am on Cash Management account type btw.

 

[sohguanh]

Anyone invested into poems Smart Portfolio another robo like the rest of the players. How is the performance for your case? I like the low $300 and 0.5% so can test water. It seems they buy into unit trust, bonds, ETF, SReit etc. If we DIY ourselves the fees added up maybe high overall. I also like the idea they are not all unit trust or all ETF they use a mixture of different investment instruments. Harder to measure but does that translate to better returns?

Hope to read some who used before share experience.

 

[mooseolly]

Poems got the smartpark into the MMF so much so that any unutilised funds can earn interest on a day by day basis. It does not need to be redeemed and can used right away to purchase stocks.

 

[donnygg]

Is the Poems $15 quarterly account maintenance fee only for SGX shares held in the Cash Plus account? So if I only have Unit Trust funds in my cash plus account and don't trade using it, there shouldn't be any quarterly fees ?

 

[sumako]

Poems got the smartpark into the MMF so much so that any unutilised funds can earn interest on a day by day basis. It does not need to be redeemed and can used right away to purchase stocks.

I trade almost daily in us market. Exclude my portfolio, $20-$30k cash flow, everyday got usd3-6 interest.

 

[foo9883]

Can I confirm cash upfront poems account linked to cdp, commission is 0.12% minimum 10?

https://www.poems.com.sg/stocks/pricing/