Advertisement
Anonymous
What should I do with Maybank Kim Eng odd lots?
I missed the promotional rate to sell off odd lots when Maybank discontinued the MIP. What's the most cost efficient way to deal with this situation? For context, I have 549 shares. I have thought of a few options:
Sell off the 500 and leave the 49 shares inside then buyback from ocbc bcip.
Transfer the 549 shares to ocbc and incur the $50 fees - is this method possible?
Sell via broker and pay $40 then buy back via ocbc bcip.
6
Discussion (6)
Learn how to style your text
Bjorn Ng
19 Jan 2020
Business Analyst at 10x Capital
Reply
Save
49 shares, just put them in the freezer if the total sum is less than 40dollar. It isn't worth it to cash them out.
Reply
Save
Billy
17 Jan 2020
Development & Acquisitions Manager at Real Estate Private Equity
Alternatively, you can buy more shares from the market to make it into a whole number i.e. 451 share...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
Maybank Securities
2.6
15 Reviews
$25
MINIMUM FEE
0.18% to 0.275%
TRADING FEES
CDP
STOCK HOLDING TYPE
Related Posts
Advertisement
To be honest, the 49 shares just leave it there - the $50 fees is too much. You can consider to just hold on to the 49 shares if it doesn't add up to much?