27-09-2012, 03:23 PM
(27-09-2012, 03:15 PM)yeokiwi Wrote:(27-09-2012, 02:30 PM)Some-one Wrote: I was searching the web but could not find much answers to my query. What are the reasons that CPF investors can only attend as observers in AGM/EGM without voting rights? Isn't CPF money our own money as well? Why are we been sidelined and could not even ask any questions during AGM/EGM as well?
Shares being bought using CPF $$$ is held by the CPF approved nominees(DBS, OCBC, UOB).
The banks are the custodians not CPF.
It is the same as those who trade using standard chartered bank online trading.
http://www.standardchartered.com.sg/pers...n/faq.html
At least if I trade with SCB, I can pay lesser commission charges but if I buy using CPF, I would need to pay $2 per stock per quarter and higher charges as well. Certainly think that it is not worth it to buy stocks using CPF. What would you all think?