We have
heard all the silly reasons why commission rates have to be low because we are
competing for business in a globalised world and also competing one brokerage
against another. Sounds so logical and with good business sense. The lower one
cuts the commission rate, the bigger will be the market share and the more
profitable will be the business. Let me quote the commission rates of some
major stock exchanges that Singaporeans are likely to be interested to know.
1.
Hongkong
– 0.25%
2.
Malaysia
– 0.85%
3.
Australia,
Europe, USA, UK, Japan, Shenzhen, Thailand, Taiwan, Indonesia – all at 1%
Looks like
the only country that Singapore is competing for business based on lower
commission rate is Hongkong. The rest of the world still charge 1%. Even
Malaysia is charging 0.85%.
What is
happening? Why like that one? Why are the rest of the world still doing their
business as usual at 1% commission rate and did not lose their business to our near
to free commission rate? Should not the rest of the world be rushing here to
trade in the Singapore stock market or in the Hongkong stock market when the
commission rates are the cheapest compared to their 1%?
Shhhhhhh,
genius at work. Geniuses think like geniuses. They know things that no one else
know. Just give them time. In the long run everything will be ok. The Singapore
stock market is doing fine, real fine. Even the brokerages are doing real fine.
And there is no need for remisiers or dealers. The stock market is designed
that way. So the exodus of remisiers and dealers out of the industry is just
normal.
Low
commission rate is competitive and is good for business. Why is it that our
stock market is now known as a moribund stock market, waiting to close shop,
with remisiers and dealers leaving the industry? Maybe Singapore’s commission
rate is still too high and can go lower to gain more market share and to bring
the stock market to life again. Come to think of it, this must be the reason.
The commission rate can go lower and the market will be roaring to life.
Yes, cut
commission rate further. That is the way
to go. This is the only solution I can think of to revive the business and the
dying stock market. More people will start trading in stocks again. We can
promote stock trading among the children too with no commission. Make our stock
market the cheapest stock market in the world, not because the stocks are cheap
but because the commission rate is negligible, is the cheapest in the world.
The whole world will be rushing to trade in our stock market. Cheap, cheap,
cheap. Lelong. The big Singapore Sale!
All those
countries still insisting on 1% commission rate will soon go out of business if they did not cut their commission rates to stay competitive,
and all their businesses will land up in this island. The future is so bright.
45 comments:
Think charge negative oso people stay away with 1 gazillion feet pole?
What to expect with kongcums running the show
"Why is SGX’s commission rate so low?"
A better question is "Why is PAP Ministers salary so high?"
Is there a correlation?
The higher we pay the PAP Minister his salary, the lower our Singaporean salaries become?
Singaporean salaries include lower SGX commissions;
new PAP manufactured costs (eg teachers pay for car park fees);
another new PAP cost is more MPs (especially new PAP MPs in parliament)
low world oil price but very high petrol price in Singapore.
The PAP government is a very expensive government.
Why 70% vote for such a high price, high cost government, I'll never understand.
// Why 70% vote for such a high price, high cost government, I'll never understand. //
Heard of the term " kongcums "?
Or eyes paste stamps?
No!
It is worst?
The 70% are blinded by "sweet talks and sweets"?
Worst than 3-yo?
The Geylang legal prostitutes in brothels are FULLY paid after each "erection" .......?
Likewise for those illegal prostitutes standing on roadsides and back alleys in Geylang?
After each "erection", sinkies are being "sucked dry" by "blood"-thirsty white vampires .....?
Who are more kongcum?
The legal and illegal prostitutes standing on roadsides and back lanes in Geylang?
Or the 70% who chose to be "screwed, penetrated JiatLat JiatLat till hole gaping big and even bleeding" ...... after each "erection"?
What Could Go Wrong? China Builds A Floating Nuclear Power Plant
==================================================================
http://www.zerohedge.com/news/2016-01-18/what-could-go-wrong-china-builds-floating-nuclear-power-plant
Do you think our PAP government has similar plans to build a Floating Nuclear Power Plant?
Do you think we should start asking our PAP MPs about how they would vote on nuclear power?
Or is it just like our Population White paper?
Will the PAP MP just blindly follow the PAP Prime Minister
Parrots in Parliament.
Are they any different from a tape recorder?
If same as a tape recorder, then it is very expensive at $16,000/month
And they choose to bear with everything, even keep quiet when foreign trash "trashing and bullying" sinkies right in front of them?
When the worst than half past 6 train system keeps breaking down, they just stand inside the trains packed to the brim like sardines and still dare not utter a single whimper?
What do YEW call such people?
Floating nuclear plants good for Sin city. Just what we need. Can put the nuclear plant in MacRitchie Reservoir and Marina Bay Reservoir.
When PAP govt builds a nuclear reactor in Singapore.
When PM Lee lives inside the nuclear reactor his PAP government builds.
When PAP Ministers move their offices into the nuclear reactor building.
Then and only then I will believe PAP government is serious about the safety of a PAP branded nuclear reactor.
Until then ...
I will always believe a PAP branded nuclear reactor is as reliable as our PAP branded MRT trains.
// Shhhhhhh, genius at work. //
In a market of falling knives, those highly leveraged would be mauled like a limping prey by a pack of lions.....?
The chance of coming out unscathed is not very high .....?
When the next storm ( finally ) arrives, can the ( highly mismanaged ) sampan ( still able to weather the storm and ) stay afloat?
Sampan will definitely sink.
27 beloved talents welcomed by Papies arrested under ISA.
More to come.
The farking sotongs are sick in having these undesirables here.
Aiyo ......
@ Virgo 49 January 20, 2016 4:17 pm
//Sampan will definitely sink.//
Best is not to sink lah ....?
Aiyo, Uncle Virgo49. .....?
If Sampan sink, the rich and elite oso sink, right .....?
@ AnonymousJanuary 20, 2016 1:32 pm
// ..... Until then ...
I will always believe a PAP branded nuclear reactor is as reliable as our PAP branded MRT trains. //
How about papigs branded economic policies?
As branded as the MRT train system?
When the economic problems ( fire ) sinkies facing is now, then keep talking about what they have in mind the future ( water ) ....?
Halo ......!
When the buildings are on fire and burning fast, and they give speeches talking about planning for water to fight future fires ...... when the buildings would have burnt into ashes ....?
Talk is very cheap .....?
Nowadays all they can do is talk, talk, talk about this plan, that plan ......?
When the fire is raging and burning down buildings fast, some people are paid ( millions ) still to give fairy tale talks about planning water in the pipeline for future firefighting use .....?
With the kind of pay and perks they are getting, don't YEW think they should cancel all their coming holidays including CNY and work through with some ( workable economic ) plans to preempt or mitigate impending crisis ....?
Or should they wait until fire is burning on their potato couch then they jump up and start to panic for water to put out the encroaching fire .....?
// All those countries still insisting on 1% commission rate will soon go out of business if they did not cut their interest rates to stay competitive, and all their businesses will land up in this island. //
How come some people salary so expensive ( and so uncompetitive ) but still have 70% customers ??????
The ( 70% ) customers who bought ( into such snake oil sales pitch ) must be some very kongcum beans?
No business at SGX meh?
Understand that it is so good
that remisiers are oni allow short
break unlike in the bad business
old days when remisiers got lonnng
break.
Nuclear plant on water very the good idea. Shock proof and water ever ready to put out fire outbrreak.
Very the good, very very the good.
When elephants make love, the grasshoppers and ants get trampled. .....?
When dragons and eagles fight, the papigs elites better not be caught still blur blur enjoying caviar, bird nest and shark fins in their 1,000,000 storeys high ivory towers .......?
Yew see, as one raised interest rate and sucked all the funds from many markets which desperately need them, the other replied by withdrawing hundreds of billions selling Treasury Bills ......
Some financial "warfare" seems to be in the cards and can the sampan maneuver nimble enough in such stormy seas to remain afloat and dry .......?
// The whole world will be rushing to trade in our stock market. //
The rate hike by the FED in Dec 2015 had just done that but in reverse .....?
One great "mystery" to many is why is there a need to hike interest rate by the FED when oil prices are crashing, the dollar is strengthening practically against everybody else, China is devaluing, core-inflation figure is at anemic level of about 1%, nowhere near the 2% inflation target set by the FED. ....?
All the above would almost certainly make prices low and keep inflation ( in the US ) in check, right ......?
Things further known, one of which is that the FED vice-chair Stanley Fischer spoke in Jackson Hole, Wyoming last August that there is a time lag ......?
Left unspoken explicitly could be that if they act only when inflation rear its ( ugly ) head, then the US could be back to the ( horrible ) stagflation ( monstrous ) period of the 1970s and 1980s which then FED chair Paul Volcker had a hard time taming?
If YEW don't suffer from any dementia, YEW should remember what those periods meant especially the PG and oldies who were in their 30s and 40s then ......?
Other than what Stanley Fischer and another FOMC voting member New York FED President William Dudley said about potential inflation, many other factors point to the fact that they were nowhere near causing inflation ( in the US ) in the near term, so the time lag factor might not make sense at all, on the surface ......?
What are unknown and needed to be pieced together are several other ( economic ) empirical and theoretical facts to explain the FED actions. ......?
Knowing these other facts would give substantial clues to future actions by the FED especially in the coming months in 2016 ......?
What are these other facts or factors?
Anybolee interested, pls KEE CHIU first?
Otherwise, it will be assumed nobolee interested. ....?
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