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Should I open another custodian investment account?
I have a CDP account and dealing with poems now. Considering opening a custodian account with Standard Charter for lower fees.
Any advice which type of stocks is more suitable for which type of account? Eg keep dividend share in CDP, keep custodian for trading, etc
If I already have shares in my CDP account, and what to add more of the same shares. Does it make sense to keep using the CDP account or no difference either way, unless selling shares.
Any advise?
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Yes, custodian more suited for trading. Total cost should be of your consideration (brokerage + other fees). Typically custodian will offer lower cost. Also if u want to trade overseas stocks, u will have to use them anyway.
The con is that technically u are not a shareholder, u cannot attend agm, vote etc.
But if u are a buy and forget type, CDP will be better. Especially if u want to hold it for long term dividends etc. You will directly receive notification of any corporate actions taken by the company. You dont have to remember your password to your trading account. Easier to account for all your assests. And in future if u intend to leave them as part of your legacy.