Wednesday, November 21, 2007

Commission for HK shares through POEMS

This is more for charlesming and HH, whom I promised to share about the transaction costs of purchasing HK shares through POEMS. A lot of things are hidden, apparently my broker cannot tell me for sure what the details are as he had not encountered before. Nevertheless, from my calculations, here goes:

Don't ask me why my commission rate is 0.478120%. That's what I worked out from the total brokerage they passed to me and calculated backwards. Can help me work out yours using the same rate and see if you get the same total cost paid? Probably not, haha :)

Oh well...doesn't matter much if one doesn't trade often, I guess.