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Month: May 2024

Save 50% of your brokerage fee and store your shares for FREE at CDP

Posted on by careyourpresent

Custodian VS CDP

There were many interesting discussions in Investingnote on using FSMOne buy shares and then transfer to CDP for free.

I always thought many people know about this hack long ago.

I guess I was wrong.

In simple summary, just buy shares using FSMone, pay 50% less in commissions as traditional brokerages (for both Joint with Beneficiary account or personal account in FSMone) and then fill a form to transfer the shares to CDP for free or until FSMone remove this “free”. But this has been there for years! Hope they don’t remove. If FSMone saw this, please continue to have this feature 🙂

For the benefits of everyone, let me repost the articles that I have posted before.

—–I took this part from my old article —–

Background

Many people love to trade Singapore Stocks and for the safety of your stocks, many would prefer to keep their shares in the Central Depository (Pte) Limited (CDP) instead of Custodian with the brokerages. However, the commissions are not cheap if you trade with traditional brokerages that are linked to your CDP. Hence, the most natural question that came to most people mind would be:

What would be the cheapest and best way to trade Singapore Stocks while still keeping your shares in CDP?

What is Central Depository (Pte) Limited (CDP)

The Central Depository (Pte) Limited (CDP) was established in 1987 and is a wholly owned subsidiary of SGX. CDP provides integrated clearing, settlement and depository services for a wide range of products in the Singapore Securities Market. In the realm of securities trading, the Central Depository (CDP) of Singapore plays a vital role in ensuring the smooth functioning, efficiency, and security of the market.

The Central Depository (CDP) serves as a trusted custodian and clearinghouse for securities traded on the Singapore Exchange. It acts as a central registry, holding and safeguarding securities such as stocks, bonds, and treasury bills, in an electronic form. Through its infrastructure, the CDP facilitates the settlement, transfer, and safekeeping of securities, providing investors with a reliable and efficient platform to buy, sell, and hold their investments.

How it work?

Before one can buy/sell any shares/bonds that listed through Singapore Exchange, investors need to open a personal CDP account or joint CDP account with someone.

If you buy/sell any Singapore shares through traditional brokerages (such as Poems, Lim & Tan, DBS Vickers, iOCBC etc that is link to your CDP accounts), the brokerages will become the middleman in the selling/buying process, but your shares would be transferred/stored via your personal/joint CDP. You can buy using brokerage A, store shares in CDP, then sell your shares using brokerage B.

This is something very unique in Singapore Context because overseas shares are stored via custodian accounts with the brokerages such as Interactive Brokers, Saxo, Moomoo, Webull etc. One can only buy/sell through the custodian brokerages that your shares are with.

CDP is something very unique in Singapore Context. For oversea shares, definitely, the shares will be stored with the custodian brokerages.

By right, these brokerages would provide separate account for the investor, segregated from the company’s accounts. Hence, in the unlikely scenario of any bankruptcy of the custodian brokerage, your shares would still be safe. However, in real life, it may or may not happened.

However, as a more conservative investor, most would prefer to store their shares via CDP. However, with new brokerages operating in Singapore, one has another option to opt and use these brokerages instead of through CDP.

Why so?

The main reason(s) would be the commissions.

If one use traditional brokerages, one would need to pay about $35 commissions for a trade of around S$1 to S$9000. Yes, you didn’t see wrongly, $1. Hence, minimally one would need to make each buy around $9k to make the commissions worth it.

With the new companies such a WellbullSG, Moomoo, Tiger on board, one can buy very little Singapore shares with little commissions, but what is the catch?

I am not sure about you, personally, I prefer to keep my shares that I want to keep very long term with CDP such that buy/sell the shares with any CDP link brokerages. However, I also want to have my cake and eat it too! Hence, what is the solution?

—–I took this part from my old article —–

The Hack!

Everyone knows that many of the brokerages offering buy shares and kept in their custodian. But for many investors, many would prefer to put them to CDP.

For all the normal brokerages that link to CDP (means the buying and selling will be in CDP), every normal transaction of 10k worth of shares would cost about $30+ per transaction. However, if one use other brokerages like Tiger, Webull, Moomoo etc, the shares would be stored at their custodian account although the fees are much cheaper.

Best of Both Worlds

Is there the best of both world? Cheaper fees but shares still stored in CDP?

There are two options:

  • Method 1: Use DBS Vickers Upfront account. But this method can only be use for personsal CDP account. For those with Joint account CDP, this doesn’t work.
  • Method 2: Use FSMone to buy the shares. Then transfer to CDP for free (until FSMone change the rule). You will get cheaper commission of around $12-15+ per $10k purchase. Of course, the comms is $8.80, thus if you buy more, it would still be very cheap.

How to get this?

You can read some of my previous posts on this:

You can read the full write up here:

Cheapest and best way to trade Singapore Stocks with CDP

And the follow up posts here!

$0 Free of Charge Transfer of SGX Shares from FSM to CDP and updates! – Done in less than 3 days!

$0 Free of Charge Transfer of SGX Shares from FSM to CDP and updates!

Simplified Guide to the Key Gist of Grant of Probate and Estate Planning

Hope this hack has helped you save Money!

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Deal 4:

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FSMone – Cheap Comms and can transfer your shares to Personal/Joint CDP for Free

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Money just buy you the chance of freedom but can’t buy back time. In life, there is no reset button. Time is limited but money is not.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed (your strong health, time with young child) while busying striking out in career.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

Love your life daily. You have one less day with your spouse, parents, children and yourself. Time is ticking away.

Focusing Careyourpresent & living a fulfilling life by supercharging your mind & investment/online income. Careyourpresent Series focus on things that one MUST know in their Life.

More articles can be found here.

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

Health is Your Most Valuable Asset – But human only regret after they lost it

Posted on by careyourpresent

We always thought that we are invisible. Tomorrow will always come. But sadly to say, regardless of how powerful, how rich, how smart you are, you will fall sick and you will die one day.

THERE IS NO EXCEPTION TO THIS. ME INCLUDED

Photo by Dose Juice on Unsplash

We…Forget

Many of us, including myself always forget that life is fragile, including myself.

I keep telling myself that I need to care your present (that’s why blog is titled this), but I always fall into the trap of worrying about future, regret about past and not living in the present.

It’s not easy to get out of this loop.

Regretfully, sometime we need some health scare to remind us.

And I have two scares recently.

IT was reminder and a wake up call.

(1) First Sickness

I was well in early April. Suddenly, my tooth become very painful. I thought that this is nothing until it’s so painful that it affected my daily life.

Hence, I went to see a dentist and discovered that I need ROOT CANAL.

For those who are not aware of what is Root Canal, let CHATGPT tell you.

A root canal is a dental procedure used to treat infection at the center of a tooth (the root canal system). It involves removing infected or damaged tissue from inside the tooth, cleaning and disinfecting the area, and then filling and sealing it to prevent further infection. This procedure helps save teeth that would otherwise need to be extracted due to severe decay or infection. While it has a reputation for being painful, advancements in dental techniques and anesthesia have made root canals much more comfortable for patients.

Here’s a detailed explanation of the full root canal procedure:

  1. Preparation: Before the procedure begins, the dentist will administer local anesthesia to numb the tooth and surrounding area. This ensures that the patient remains comfortable throughout the procedure.
  2. Access: Once the area is numb, the dentist will isolate the tooth using a rubber dam to keep it dry and free from saliva. This also helps to prevent contamination of the root canal during the procedure. Next, the dentist will create an opening in the crown of the tooth to access the pulp chamber and root canals.
  3. Cleaning and Shaping: Using small instruments called files, the dentist will carefully remove the infected or damaged pulp tissue from inside the tooth and clean the root canals. The dentist will use a series of files of increasing diameter to shape the canals, making it easier to disinfect and fill them later.
  4. Irrigation: Throughout the cleaning process, the dentist will flush the root canals with an antimicrobial solution to remove any remaining debris and kill bacteria.
  5. Filling: Once the canals are thoroughly cleaned and shaped, they are filled with a biocompatible material called gutta-percha. This material seals off the canals to prevent bacteria from re-entering and causing further infection. In some cases, a sealer is also used along with the gutta-percha to ensure a complete seal.
  6. Restoration: After the root canal is completed, the access opening in the crown of the tooth is filled with a temporary or permanent filling material. In some cases, a dental crown may be recommended to strengthen and protect the tooth, especially if a significant portion of its structure has been lost due to decay or the root canal procedure.
  7. Follow-Up: Following the root canal procedure, the patient may experience some discomfort or sensitivity, which can usually be managed with over-the-counter pain medication. The dentist will schedule a follow-up appointment to monitor the healing process and determine if any further treatment is needed.

Anyway, I spent about $2.5k with 4 visits. It’s suffering. Well health is important.
People never realized until they lose their teeth (my case).

(2) Sickness

While everyone is enjoying their Labour Day Holiday, I was enjoying myself in Accident & Emergency at hospital.

All of a sudden on that day morning, I have flashes in my eyes with lots of big floaters.

I had similar episode in another eye of mine 2017 and it was Retina Tear.

Hence, I went to the hospital, few hours of wait with money burnt – luckily there was no retina tear, just the jelly-like substance (vitreous) crystalized and didn’t pull off my retina.

But, this is my vision now. It’s difficult for me to even look at brighter things now (not bright thing).

Life is Short Treasure it

Life is short, treasure it.

I am lucky this time that it is not life threatening for my health scare.

But there are always someone somewhere out there suddenly has health issues, or worst still, drop death suddenly.

Many should have seen news on such cases. Of course, it could also be road accident etc.

What I want to say is

Don’t think your life as invincible and you will never die or fall sick.

No matter what, it may come one day and very suddenly.

Please live your life to the fullness, love your everyday and don’t regret any of your day. You never know when is your last day.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

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