tag:blogger.com,1999:blog-770531010964050974.post2248755475741461975..comments2023-09-15T18:39:15.010+08:00Comments on sgxstockpicker.blogspot.com: Rich Friend, Poor Friend - What Matters In InvestingUnknownnoreply@blogger.comBlogger10125tag:blogger.com,1999:blog-770531010964050974.post-76263693018910286052010-09-21T21:32:11.837+08:002010-09-21T21:32:11.837+08:00hey guys. thanks for the comments.
JW, thanks a b...hey guys. thanks for the comments.<br /><br />JW, thanks a bunch but i think you are not so shabby too,<br /><br />Anony, i too would like to thank you for the input. Like i mentioned, i do not think that CFDs are bad, but maybe it has to depend on the investor himself.Singapore Stock Pickerhttps://www.blogger.com/profile/04926088915588570509noreply@blogger.comtag:blogger.com,1999:blog-770531010964050974.post-34028999770212349032010-09-21T14:40:12.370+08:002010-09-21T14:40:12.370+08:00Well, it depends on personal risk tolerance for th...Well, it depends on personal risk tolerance for the use of leveraged products.<br /><br />In the case of CFD, I just want to point out that it can be used wisely to lower your average brokerage cost if your capital is small.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-770531010964050974.post-40967666097954135762010-09-21T08:57:13.902+08:002010-09-21T08:57:13.902+08:00Hi,
I believe when your portfolio is small, one s...Hi,<br /><br />I believe when your portfolio is small, one should not aim to diversify too much.<br /><br />Like what cw8888 says, account size matters. E.g. I can tell people I bought in 70 lots of AIMS REIT, but how many can follow on what I did? <br /><br />You are doing much better than me in returns. Congrats and keep it up! :)JWhttps://www.blogger.com/profile/04633191740991225888noreply@blogger.comtag:blogger.com,1999:blog-770531010964050974.post-67488145612838962762010-09-21T06:02:45.707+08:002010-09-21T06:02:45.707+08:00Forgive me anony if I am ignorant with the mechani...Forgive me anony if I am ignorant with the mechanics of CFDs. IMO, it is somewhere between contra and structured warrants.<br /><br />Like all leveraged instruments, gains and losses from CFDs are magnified. It is good if we are holding on to a profit, but what if the stock is making a loss?<br /><br />As you correctly pointed out, there are daily financing costs. IMO, as a result of these costs,Singapore Stock Pickerhttps://www.blogger.com/profile/04926088915588570509noreply@blogger.comtag:blogger.com,1999:blog-770531010964050974.post-36624676457346985722010-09-21T00:27:08.339+08:002010-09-21T00:27:08.339+08:00I think CFD does not expire and u get paid dividen...I think CFD does not expire and u get paid dividends like normal stock, so i don't quite understand your concern that holding period is not too long. <br />About the charges, the commission is definitely lower, at 0.2%. The only other charges is financing, at about 3% p.a of total purchase value, calculated daily.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-770531010964050974.post-56125205138590820422010-09-20T08:48:16.918+08:002010-09-20T08:48:16.918+08:00For those who really think that they can trade wel...For those who really think that they can trade well go to forex, futures, options and CFDs.CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-770531010964050974.post-80323050896824888632010-09-20T07:10:05.869+08:002010-09-20T07:10:05.869+08:00hey thanks for the offer, but i try to stay clear ...hey thanks for the offer, but i try to stay clear of leveraged products firstly because I am very risked averse. I do not even contra stocks. Also, the holding period is not too long, coupled with the higher charges, its is slightly more likely to make a loss using a CFD regardless of strategy.Singapore Stock Pickerhttps://www.blogger.com/profile/04926088915588570509noreply@blogger.comtag:blogger.com,1999:blog-770531010964050974.post-91803575140847170322010-09-19T20:32:20.946+08:002010-09-19T20:32:20.946+08:00Why don't you try CFD?
You get leverage of up ...Why don't you try CFD?<br />You get leverage of up to 10x, with commission of 0.2% (min $25) and financial charges of around 3% (calculated as SIBOR +2.5%). Just gotta pick your provider cafeully as commission and financial charges varies greatly.<br />One major drawback is that not every counter is available for CFD.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-770531010964050974.post-40966265315559835012010-09-18T14:53:14.227+08:002010-09-18T14:53:14.227+08:00haha... those really are words of wisdom... thanks...haha... those really are words of wisdom... thanks alot..Singapore Stock Pickerhttps://www.blogger.com/profile/04926088915588570509noreply@blogger.comtag:blogger.com,1999:blog-770531010964050974.post-49344832582092750472010-09-18T13:30:59.537+08:002010-09-18T13:30:59.537+08:00Of course. Account size that matters. The magic nu...Of course. Account size that matters. The magic number - as larger as possible.<br /><br />But when small, focus big. When big, act small. <br /><br />So far, you have been doing well in your portfolio.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.com