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

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chuanz

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They really c0ck up. My account whole of Aug also >$1k but still hit by $5 fall-below fee... WTF!

Edit: my bad, so for the first three days in Aug I got only a few bucks in moi e$avers. Stupid bank implement effective date on this kinda not-front-not-end kinda date... make their CSO extra busy these few days.
 
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Perisher

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So much for service charge...
 

chowck

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I closed my esavers a/c on that day: 28th August, & activated Dash at the same time.:D
 

hyperbole

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i just reported them to MAS. i think they were deliberately misleading.
 

94855998

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Need Help

I buy a share at $7.02 on 31st Aug and it show in my SCB portfolio...

How come when i check on my portfolio today, it show $6.84?

Anyone can explain to me... Sorry I just begin playing my first stock... so not quite knowledgeable on that. Thank in advance...
 

chuanz

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I buy a share at $7.02 on 31st Aug and it show in my SCB portfolio...

How come when i check on my portfolio today, it show $6.84?

Anyone can explain to me... Sorry I just begin playing my first stock... so not quite knowledgeable on that. Thank in advance...

The displayed price is the current indicative price, not the price you bought it.
 

Perisher

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I buy a share at $7.02 on 31st Aug and it show in my SCB portfolio...

How come when i check on my portfolio today, it show $6.84?

Anyone can explain to me... Sorry I just begin playing my first stock... so not quite knowledgeable on that. Thank in advance...

It shows yesterday's closing price. It will update to today's closing price later.
This price changes every trading day.
 

Perisher

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Hi Perisher, thanks. but i am checking on US stocks, dividend tax rate of 30% deductible. any idea?

Oh, that. Yup, All brokerages does that. It's US's tax law towards foreign investor in US stock market. No way to avoid it if you are investing directly in US market.

I should make a section about tax law then...
 

chiieese

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Hi, I am still a total beginner in investing and am planning to start one day. I'm deciding on investing in index funds and bonds long term using the DCA strategy every month. But I'm also concerned about how to go about rebalancing this portfolio keeping the ratio accordingly while trying not to incur any extra transaction costs, would it be true that I would incur a 0.18% fee each time I DCA and rebalancing the portfolio respectively? Any guidance would be greatly appreciated. Thanks!
 

hyperbole

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Hi, I am still a total beginner in investing and am planning to start one day. I'm deciding on investing in index funds and bonds long term using the DCA strategy every month. But I'm also concerned about how to go about rebalancing this portfolio keeping the ratio accordingly while trying not to incur any extra transaction costs, would it be true that I would incur a 0.18% fee each time I DCA and rebalancing the portfolio respectively? Any guidance would be greatly appreciated. Thanks!

scb charges 0.2%, not 0.18%. the best way to keep your ratio would be to add new funds according to the ratio, or as close to it as possible.

each time you try to rebalance by selling and buying, you incur transaction fees.
 

Yowzer

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Hi, I am still a total beginner in investing and am planning to start one day. I'm deciding on investing in index funds and bonds long term using the DCA strategy every month. But I'm also concerned about how to go about rebalancing this portfolio keeping the ratio accordingly while trying not to incur any extra transaction costs, would it be true that I would incur a 0.18% fee each time I DCA and rebalancing the portfolio respectively? Any guidance would be greatly appreciated. Thanks!

it's 0.20% per transaction. 0.18 for priority and above banking customers.
Anyway, be very careful with SCB now, due to a problem i encountered.


http://forums.hardwarezone.com.sg/stocks-shares-indices-92/%5Bpsa%5D-warning-standard-chartered-platform-users-5156578.html
 

ValueInvestor

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nowadays SCB a lot of problems, those using be careful ba

cheap usually doesn't come with quality
 

Immortal

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Anybody tried selling shares you don't have then try to buy it back within the day on this platform..?
 
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