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Losing RM20,000 Brokerage Saving Opportunity Offered by Moomoo: I Read the News Well and Made RM500,000 Trading Gain, But I Was Stupid Not to Use Moomoo
As an investor who prides herself on thorough research and careful analysis, I recently experienced both the success of a well-timed investment and the frustration of a missed opportunity. I managed to generate a realized gain of RM500,000 from trading Eco World shares and warrants, but I also lost RM20,000 in brokerage fees simply because I wasn’t using Moomoo.
I want to be upfront about my situation. I’m not a person of high moral standing, and my investment capital—around RM2 million—came from being a sugar baby. It’s not something I’m proud of, but it allowed me to enter the market and make strategic investments. I put this capital into Eco World, buying 730,000 shares and trading the company’s warrants. When I eventually sold these positions for around RM2.5 million, the returns were substantial.
Unfortunately, all these trades were executed on the RHB platform, which charges a standard brokerage fee of 0.42%. This meant I paid nearly RM20,000 in fees—money that could have been saved had I been using Moomoo from the start.
Why I Went All-In on Eco World
My decision to go all-in on Eco World was not made on a whim but was the result of careful analysis of market trends and strategic investments. The first sign that caught my attention was when I saw Microsoft acquiring land in Nusa Cemerlang from Crescendo. This acquisition sent Crescendo’s share price soaring, which made me realize that something significant was happening in the region. As an equity research analyst, such a move by a tech giant like Microsoft is a strong indicator of future growth potential in the surrounding areas.
This led me to recall that YTL had previously purchased land in Kulai. The area was clearly attracting interest from major players, and this was further supported by the increasing number of investments in Sedenak.
However, what really solidified my decision was the persistent rumors that Sedenak was running out of land and power—a clear sign that demand was outstripping supply.
Given these developments, it was clear to me that Eco World, with its strategic land holdings in Kulai and the surrounding areas, was in an excellent position to benefit from these trends. The company was poised to capitalize on the increasing demand for industrial and tech-related developments in Johor, particularly in areas where land and power were becoming scarce
The Costly Lesson
While my analysis led to a significant profit, I made the mistake of not considering the costs associated with my trading platform. Sticking with RHB cost me RM20,000 in brokerage fees, which could have been avoided if I had been using Moomoo’s lower-cost platform.
In addition to the brokerage fees, I also paid RM14,000 in stamp duty and clearing fees, which are standard costs regardless of the platform. However, the RM20,000 in brokerage fees was an unnecessary expense that could have been saved. This experience reinforced the importance of not only making smart investment decisions but also using the right tools to execute those trades.
The Takeaway
If you’re serious about maximizing your investment returns, it’s crucial to use a platform that aligns with your financial goals. Moomoo offers lower fees and advanced trading features that can help you retain more of your gains and reinvest them for further growth.
Don’t repeat my mistake. If you’re already reading the news, identifying great investment opportunities, and making informed decisions, make sure you’re also using the best platform available. Switch to Moomoo and take full control of your financial future.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Sugarbaby, bursa investor, equity analyst.
Like data centre. Invest daddy’s allowance.
Work hard to make my daddy HARD.
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