Tuesday, September 11, 2007

Oh no! The new brokerage fee!!

Finally PM read out the budget for 2008.

Hubby is not happy with the budget this round because of the revised of brokerage fee from current RM12 per share transaction to RM40. It is a 233% rate hike! Oh No.

As a small retail player, the rate hike will directly impact him in his future share trading. His breakdown cost will become more expensive. In other word, more difficult to make money from stock market in the future.

He believes many small traders like him will voice up their disagreement. Hopefully something will change to correct the stupid proposal.