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$MAYBANK (1155.MY)$$MAYBANK (1155.MY)$ Just a beginner here ...
$MAYBANK (1155.MY)$ $MAYBANK (1155.MY)$ Just a beginner here and a bit confused. I can only buy stocks in one lot (100 at a go), is it possible to buy less than that? And I see people have a set DCA each month, but if the price of one lot fluctuates, shouldn't your DCA fluctuate too? Confused and hoping for some guidance from the sifus here, thanks! (Recently bought 1 lot from Maybank, my first investment! But I also heard that you should actually buy more in one go?)
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104375945 : minimum 100, I think it's the same thru Moomoo or other bank trading platform ( I use CIMB also
Moo仔 : Currently there is no implementation of fractional trading for Malaysia stock market ( ie: min 0.01 units or 1 unit).
As for DCA, different people different style. But most basic would be investing same amount of money every weekly/monthly/quarterly/yearly (depending on your preference) , the total number of shares obtain would be different at that point of time due to share price fluctuation. So higher price means lower units and bice versa.
Tazzin OP Moo仔 : Thanks for the reply, so from what I understand, let's say you choose to invest 1k per month, but if the lot price is more than 1k (like in the case for maybank), wouldn't that mean you won't be able to buy it/invest it?
Moo仔 Tazzin OP : If the price gradually goes up in long run, then you can’t buy it. Like now the price is 10.64/unit, 1 lot would be 1064, you will need to top up to around RM1070 to buy 1 lot (taking into consideration of the fees etc)
Tazzin OP Moo仔 : I see, so maybe in this case, it's more like, I aim to invest in one lot a month, regardless of the price? Edit : I plan to do long term investments with dividends for bank stocks
Moo仔 : If your goal is long term, then yes. For DCA, take it as you do save money in more interesting way.
1. You get more units when share price low
2. You get less units when share price high
3. You accumulate more units in future provided you invest every month.
3. The dividends you entitled also increase if you have more units in your hand and/or the company decided to issue higher dividend per share (DPS) due to better financial performance.
4. Don’t forget that you don’t just earned dividend but also potential capital gain from your share purchase
Huat2888 : Or, you can choose other banks to place your rm1k. There are many other options.
TerribleInvestor : U can buy odd lots, it is there as option.
Tazzin OP TerribleInvestor : I did see the pop up when I attempted to lower the lots to less than 100, but I don't know how to switch to the odd lots option?
Tazzin OP Huat2888 : I noticed rhb bank is more affordable with my budget so I did get some there too
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