Lim Chun Long Jimmy

Co-founder at PolicyWoke (Traded Endowment Policies)

12 Mar 2020

∙

There has been recent news of investors unable to access their brokerage accounts when the stock market is down more than 5%. How does Endowus's software handle such errors if happens to UOB Kay Hian?

There has been recent news of investors unable to access their brokerage accounts when the stock market is down more than 5%. How does Endowus's software handle such errors if it happens to UOB Kay Hian?

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Shengshi Chiam, CFA

12 Mar 2020

Personal Finance Lead at Endowus

Hi Jimmy!

As the investments we are dealing with is unit trusts, not investing in exchange traded instruments, there is no risk of sudden spike in volume. The investments and redemption into unit trusts is also less time driven, and there is a longer period of time for these to carry on. This makes it less risky. Hope this helps!

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In the event that we do not want to use Endowus anymore as our Financial Advisor and we choose not to liquidate our holdings held at UOBKH, will we still hold our own account with UOB Kay Hian?

If I have a DBS account can I buy global stocks directly or do I need to open DBS vickers? Same goes for OCBC and UOB, is it a special brokerage account?

I'm getting a 5% interests from UOB ONE account base on the their current requirement. Should I continue to lock the money in this account or invest in stock?

I bought some stocks through DBS Vickers using cash upfront. Recently, I sold the same stocks through DBS Vickers too but my brokerage account balance shows negative. Did I do something wrong?

(Stocks Discussion) SGX: UOB-Kay Hian Holdings Ltd (SGX: U10)?