Younger investors lead charge into stock market

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#11
SGX should abolish contra. tax heavy on short term profit.
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#12
Younger investors do not have the benefit of experience, and most of them have not been through the punishing bear market of 2008-2009. Note that most of the NEW brokerage accounts were opened from 2008 onwards, signalling that interest in the stock market is building up to a crescendo.....

So when one sees 5 straight days of decline, it will turn out to be a valuable lesson for those who are new to the vagaries and emotions of Mr. Market.....
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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#13
When I first started out, I used to look at the stock counter everyday. It's not really useful and good for your heart to do that. haha. Now, I only look at the stock price once every 2-3 days.
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#14
(11-02-2011, 07:11 AM)freedom Wrote: SGX should abolish contra.

I don't know what good abolishing contra can do to an individual investor if he is responsible and disciplined to begin with. A reckless punter will have financing options thrown at him even if contra is abolished. That will kill him faster and no one wants that. In fact, by allowing a contra period, SGX is actually promoting a "sustainable and vibrant trading market". The period can also be adjusted much like how US applies interest rates to its money supply/demand.

It costs investors and SGX nothing to have contra as unsettled trade risks are financed and managed by the brokerages. Without contra, brokerages can then charge a fee for a common service. The rate of killing the golden geese accelerates. No good.

An altruistic investor? It lies somewhere in between self-conflicting and hypocrisy.
On second thought, SGX can sell a $1,000 yearly pass for those who want to have contra facility. On the other end, family members can apply for restriction orders over the internet.
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#15
(11-02-2011, 01:11 PM)cif5000 Wrote: On second thought, SGX can sell a $1,000 yearly pass for those who want to have contra facility. On the other end, family members can apply for restriction orders over the internet.

Per day contra pass at $20.
Apply to Singapore citizens only.
PRs and work permit holders are not restricted to the above ruling.

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#16
contra normally is done by people without a lot of money, like young investors....
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