My very first CDS a/c

Just now lunch time, went to OSK jalan Ampang to open my very first CDS/Trading a/c.

There is so many forms to fill that took me almost 1/2 hrs just to fill the form. Then after that, the stupid reminser come and explain those stuff to me... and after listen to what he say...

Wow... so many charges once we trade shares. If wanna earn money, the share at least must raise RM0.20 in order for us to earn some...

Told Afoi about it and he say i'm one step closer to become boss... but for me, i also i step closer to broke.

Okay... let me show the calculation...

The broker will charge you: your share price x 0.6% (or min RM 12)
stamping fess RM 1 for every RM1000 transaction
Clearing fees: share price x 0.04%


Example:

you buy Amcorp at RM1.50 for 1000 unit. so total is RM1500.

1500 x 0.6% = RM 9 (since is was less than min charge, so it will be charge RM 12)
stamping fees = RM2 (cos >1000 <2000)
Clearing fees = 1500 x 0.04% = RM 0.60

So when u buy shares, u have to pay 1500 + 12 + 2 + 0.60 = RM1514.60

Let say when Amcorp reach RM 2.10, and you wanna sell.
2100 x 0.6 = RM12.60
stamping fees = RM 3 (cos >2000 <3000)
clearing fees = 2100 x 0.04% = RM0.84

Nett charges = 2100 - 12.60 - 3 - 0.84 = 2083.56

So 2083.56 - 1514.60 = RM 568.96

This means suppose you earn RM600. After the charges, u earn RM 568.96... sei mei.