Had Cash Boost Acc shortly after it was launched. Used it briefly and didn't like it. Fees are crazily high! And the contra period is rather short. Anyhoo, just thought since I have a $10 voucher thought just give it a go again. This will likely be my last trade here on the Boost Acc... without the voucher the fees alone is $20 over dollar. Need to go with very high volatility tickers to get in and out Otherwise will get stuck with the underlying or have to cut loss to get out. If one can afford to hold the underlying then might as well do it in the prime account. Yeah... pretty sure this likely be the last trade once my few shares that got stuck here are clear and out.
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- Sandyboy·11-23 13:25Ya due to short repayment time you have to take delivery or suffer loss. Good only for intraday and high volatility tickers . Also many volatile tickers are not allowed like DJT etc. so limited use.1Report
- Carrotski·11-23 10:42Agreed. Never seen anyone profit who made lots of money through T+2 or T+7 contra in the past before when contra was allowed in the earlier days when stocks were volatile too. Hard to predict market timing although market direction predictions is already tough enough1Report
- Des79·11-23 12:31I agreed..Just invest my own money with do.1Report