Online share trading is the current trend. In majority of the securities firms, this method usually enjoy 30% lower brokerage rate than traditional trading with phone calls to remisier.
Currently, most securities firms set the brokerage rate at 0.6% for normal below RM100k trading. A 30% discount means an online trading rate of 0.42%. Day trading rate could be lower, as well as high trading value (> RM100k per transaction), which rate is negotiable with the remisier.
It is a good news for long term investors that CIMB is currently offering brokerage fee of only RM8.88 for transactions done with their online Clicks Trader system. I say it is a good news for long term investors, because its trading limit isn't attractive, which is set to only 1x cash value only. Speculators and day traders might not be attracted by such a strict limit.
CIMB has set a condition that your Clicks Trader Account must have a minimum balance of RM10,000 before the T+3 cut-off time in order to have a trading limit and enjoy the low brokerage rate at RM8.88 per transaction.
Currently, they are running a promotion until end of year 2008 for new signups of Clicks Trader Account. The first 2 matched online purchase orders via CIMB Clicks will be free. This mean the brokerage fee will be RM0 for the 2 transactions. That would save you a total of RM17.76 in brokerage fee, not so attractive but good enough for you to use the money for a good meal.
About 4 months ago, I mentioned about hold on your money and do not dump in for investment purpose because the market was sinking then. Now, I think it is a good time for long term investors to start to plan for some bottom fishing. I also wrote about how to observe a bear's bottom. Probably you can apply that simple strategy to look for the best buying time.
For more information about the CIMB RM8.88 brokerage Clicks Trader Account, click here.
Thursday, October 30, 2008
Online share trading brokerage fee for RM8.88 only at CIMB Clicks Trader
Tuesday, October 28, 2008
Burn audio CD from MP3, WMA, WAV, OGG, APE, VQF, MP4 files with GoGo MP3 To CD Burner
You might have a compilation of your most favourite MP3 files ripped from various pieces of audio CD. It would be nice to burn your favourite compilation of MP3 music back into audio CD so that you could play them with CD player and/or car audio player that unfortunately doesn't support reading of MP3 CD.
I've found a freeware called GoGo MP3 To CD Burner which can perform this task. All you need to do is select and add the supported audio files into its list for up to a total of 80 minutes play time, then click the Burn CD button to create your own audio CD.
The only set back of this handy utility is that it doesn't support non-alphanumeric filenames, which include the CJK (Chinese-Japan-Korean) characters. If you intend to add those files into your list, you have to rename their filename to English first.
Click here to download GoGo MP3 To CD Burner. Its file size is just about 1MB, and it is free to use. Supported platforms are Windows 98 and above.
Fix Windows slow shutdown problem with UPHClean
Recently, I found my Windows PC became extremely slow for the shutdown process. It used to shutdown without 30 seconds, but then it took as much as 5 minutes.
A check in the Application Event Log found 2 warnings whenever I shutdown the PC. They are:
- Windows cannot unload your classes registry file - it is still in use by other applications or services. The file will be unloaded when it is no longer in use.
- Windows saved user PCname\username registry while an application or service was still using the registry during log off. The memory used by the user's registry has not been freed. The registry will be unloaded when it is no longer in use.
Click here to read about the root cause and solution of slow shutdown problem from Microsoft's knowledgebase.
Click here to download and install the UPHClean program from Microsoft Download Center.
