facebookWhat should I do with Maybank Kim Eng odd lots? - Seedly

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Anonymous

19 Jan 2020

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General Investing

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:

  1. Sell off the 500 and leave the 49 shares inside then buyback from ocbc bcip.

  2. Transfer the 549 shares to ocbc and incur the $50 fees - is this method possible?

  3. Sell via broker and pay $40 then buy back via ocbc bcip.

Discussion (6)

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Bjorn Ng

19 Jan 2020

Business Analyst at 10x Capital

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?

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.

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...

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