(25-05-2016, 06:36 PM)sgd Wrote: [ -> ] (25-05-2016, 11:38 AM)CityFarmer Wrote: [ -> ]No commission for stock trading? I reckon, only brokerage fee is waived. The clearing and trading fees of SGX, should be remained...
Commission-free stock trading by year-end? Commission-free stock trading by year-end? Commission-free stock trading by year-end?
25 May 2016 09:00
By Chia Yan Min,Economics Correspondent,,Chia Yan Min,Economics Correspondent,,Chia Yan Min,Economics Correspondent
Investors here might soon be able to trade stocks using their phones and without needing to pay any commission.
Hong Kong-based firm 8 Securities is seeking regulatory approval and hopes to launch the service by the end of the year, co-founder and chief executive Mikaal Abdulla told The Straits Times.
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Source: Straits Times
overall this Internet has really killed many industry - cheap will in the end wreck everybody's rice bowl -
look at how online shopping has already killed the shopping scene everywhere. What government still promoting Singapore as shopper's paradise? Forget it lah look around man empty malls everywhere who the heck still want to come here to shop when they are already going online to taobao nuts right? If no customer walking who would want to open shop pay rental then how are reits going to pay fat hope dividends? I think sooner or later tourism board will get lay off to save money.
now free brokerage who the heck still want to study all those cmfas modules to become stock broker just to get squeezed when they step in this is going to become another sad state of affair.
Yes, thats true.
Technology has always destroyed industries...... but whenever 1 door closes, another opens.
Many ppl in the infocomm and tech industries would not have such jobs without the internet. Let's not forget other related industries like Uber and Airbnb.
Nobody can stop something that ultimately has a strong market demand, because everyone wants a better life, be it convenience, or lower costs, or more opportunities to sell your goods etc.
As investors, we do have to consider such "disruptors" and their effect on the industry.
Retailers are in deep trouble now, and will likely be so for a long time. Perhaps permanently. By extension, REITS with large exposure to retail will suffer.
This is not something new, and IMHO, this is here to stay.
Retail will not completely disappear, as no matter what people like to go to stores, to touch and feel goods before buying. Also, there are many goods that cannot be realistically purchased online.
At some stage, the retail sector will stabilise. Some goods that are completely suited for online distribution, may see a complete disappearance from the retail sector.
Overall, the technology certainly has to be seen as a +ve for the general populace, although obviously if you are one of those affected negatively eg. retail owners, investors, brokers, property agents (I saw a website that allows buyers, sellers and renters to completely bypass agents and save on commissions) etc., you'd understandably find this hard to stomach