Sell @ RM0.90. My last lots and also no more M’sia stocks after this sale. With many SREITs at better yield, I’m contemplating whether to shift all my RM back to invest here. Will watch and wait to see whether if another correction comes along, M’sia stocks become more attractive again. 😀
Note : I find that there’s a lot of hassle when investing in M’sia stocks,
- Custodian charges if less than 2 trades/mth (SGX trades counted)
- Last order is 4:45pm (didn’t know that till recently when my order got rejected after 4:45pm)
- Order takes a couple of mins. to process and the Q may have disappeared by then
- To avoid additional losses due FOREX bid/ask spread, better to maintain an RM Trust account, but that means no interest earned (I guess not much impact as DBS pays 0.1% interest for deposits nowadays)
- Dividend handling charges is imposed and the dividends usually take 1mth+ (can be 2mths if you don’t track with your broker) before it comes in
- No access to research reports for KLSE cos. Recently, also can’t access KLSE (or Bursa) website, so hard to keep track of co. announcements/results.
I guess the above hassles also applies for all non-SGX stocks and to date, I have not yet started my US stocks trading activities with a local brokerage! 😀