https://growbeansprout.com/tiger-cash-boost-account-review?utm_source=telegram&utm_medium=social
OpenAI - "Summarise this article in 5 points"
Here are five key points from the article:
1. Lower Fees: The Tiger Cash Boost Account allows for reduced fees when selling SGX-listed stocks linked to CDP.
2. Instant Trading Limit: Users receive a buy limit of SGD 20,000 without needing upfront funds.
3. Contra Trading: Enables buying stocks without upfront cash, with a period to settle or sell.
4. Risks: Potential for significant losses due to market volatility and interest charges.
5. Access: Offers broad market access to stocks in Singapore, the U.S., and Hong Kong.
My Thoughts
- This is a cool development.
- Going to try selling CDP shares via this method in future to save costs. Previously, I was using FSMOne as they had lower fees.
- Hope this pushes all brokerages to react and revise better rates for all of us.
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