STI ETF

[redglue23]

I've RMG (BSL) which has been down like 30%.
Es3 is also down at that level or perhaps even more.

Here's the plan.
I am going to sell all my BSL (9,254), put it to SRS and then use SRS to buy es3.
Es3 might or might not perform better than BSL in future but I can get the 11.5% income tax deduction in 2020.

Does it make sense?
Talk me out of it.

NO! CPF is not cash and you lose liquidity and investment options once it goes into SA/OA or SRS.

I have no comments on whether you are liquidating a losing position to one in which you perceive to have a "higher" upside.

 

[1a2a3a]

Yes OA purchase

You mean for OA purchase?

 

[TehSi99]

More buyers than sellers today?

 

[XGZ1503]

Yes OA purchase

More expensive for using cpf

 

[1a2a3a]

Correct, it’s 25+25. Was wondering if anyone knows of any cheaper alternatives...

More expensive for using cpf

 

[Cindy635]

Correct, it’s 25+25. Was wondering if anyone knows of any cheaper alternatives...

I'm using Maybank KE trade apps, trade in 25 and sell 25 by stock.
Eg: ES3, if morning buy 300@2.53, afternoon buy 200@2.40. By end of the day, I need to pay all the stock price + 1 time 25.

Eg. ES3 300@2.53 +C6L 100@6.6, by end of the day I have to pay 25+25 for both stocks.

 

[makav31i]

Correct, it’s 25+25. Was wondering if anyone knows of any cheaper alternatives...

FSM, SCB, DBS Vickers Cash Upfront...

 

[wutawa]

FSM, SCB, DBS Vickers Cash Upfront...

I dun think u can use scb and dbsv cash upfront for cpfis. Not sure abt fsm..

 

[PlusOne+1]

I'm using Maybank KE trade apps, trade in 25 and sell 25 by stock.
Eg: ES3, if morning buy 300@2.53, afternoon buy 200@2.40. By end of the day, I need to pay all the stock price + 1 time 25.

Eg. ES3 300@2.53 +C6L 100@6.6, by end of the day I have to pay 25+25 for both stocks.

Try use prefunded acc. Top up your ke acc. No point paying so much admin charges sis

 

[Cindy635]

Try use prefunded acc. Top up your ke acc. No point paying so much admin charges sis

Thanks for your info. But I don't have Maybank saving account. If cheaper, I might need to open one account this weekend and move some money in this account

 

[makav31i]

I dun think u can use scb and dbsv cash upfront for cpfis. Not sure abt fsm..

Oh he want to invest using CPF, so no choice have to pay the minimum fees...

 

[PlusOne+1]

Thanks for your info. But I don't have Maybank saving account. If cheaper, I might need to open one account this weekend and move some money in this account

You should if you intend to trade using ke app saves you alot of moola

 

[Ahboy069]

Enter at 2.36 x 2000 small small

 

[1a2a3a]

This is cash right? Not cpf? Cpf min you buy already 50....

I'm using Maybank KE trade apps, trade in 25 and sell 25 by stock.
Eg: ES3, if morning buy 300@2.53, afternoon buy 200@2.40. By end of the day, I need to pay all the stock price + 1 time 25.

Eg. ES3 300@2.53 +C6L 100@6.6, by end of the day I have to pay 25+25 for both stocks.

 

[Cindy635]

This is cash right? Not cpf? Cpf min you buy already 50....

Yes, internet banking transfer to KE tarde account

 

[ysyj48]

Try use prefunded acc. Top up your ke acc. No point paying so much admin charges sis

maybank kim eng got prefunded account meh? does it mean there's a maybank savings/current acct linked to the trading acct? so the cost of the stock + $25 commission is deducted straight away from the maybank acct?

i hv a KE acct too, but everytime i trade, i pay for the stock + commission via giro , the $ will deduct from my dbs acct leh

 

[Cindy635]

maybank kim eng got prefunded account meh? does it mean there's a maybank savings/current acct linked to the trading acct? so the cost of the stock + $25 commission is deducted straight away from the maybank acct?

i hv a KE acct too, but everytime i trade, i pay for the stock + commission via giro , the $ will deduct from my dbs acct leh

Yes! Excatly....same as my current situation. That's why I can't CDA because everytime these cost caused me not worth. I also want to know which one is cheaper

 

[1a2a3a]

Why don’t use scb? Mini $10 only

Yes! Excatly....same as my current situation. That's why I can't CDA because everytime these cost caused me not worth. I also want to know which one is cheaper

 

[xsoldix]

Why don’t use scb? Mini $10 only

Cdp vs custodian account.
If short term i will use custodian accounts.

Posted with fingers HardwareZone Forums app

 

[PlusOne+1]

maybank kim eng got prefunded account meh? does it mean there's a maybank savings/current acct linked to the trading acct? so the cost of the stock + $25 commission is deducted straight away from the maybank acct?

i hv a KE acct too, but everytime i trade, i pay for the stock + commission via giro , the $ will deduct from my dbs acct leh

Yes have. You link your ke account with your designated Maybank savings account. Top up takes around 2 working days. Commission is deducted the prefunded account. So it basically works like a prepaid account. Everything is deducted through there.