Currently, stock investment in Malaysia has gradually become younger and more and more young people are becoming interested in stock investment. If you are interested in stocks, but you don’t know how to calculate whether the stock is profitable or not, then here is a simple guide for you!
Buying stocks is not only about calculating the price per share, you also need to pay 3 kinds of fees, namely Brokerage, Stamp Duty and Clearing Fee.
You need to pay these fees whether you buy or sell. They are payable once when buying and once when selling. Commissions vary from one investment bank to another. Here is an example of a Hong Leong Investment Bank Value Trade account.
Brokerage: Minimum RM8 or 0.10%.
Clearing Fee: 0.03% or maximum RM200
Stamp Duty: 0.15% or up to RM1,000
Take Maybank as an example.
If you buy 1000 shares of Maybank at RM 8.80, the cost will be RM 8800, but this cost does not include commission, clearing fee and stamp duty. After adding all the fees, your cost will increase to approximately RM 8824.94.
Commission (Brokerage): Minimum RM8 or 0.10%
RM8800 X 0.10% = RM8.80
Brokerage = RM8.80
Clearing Fee (Clearing Fee): 0.03% or maximum RM200
RM8800 X 0.03% = RM2.64
Clearing Fee = RM 2.64
Stamp Duty: 0.15% or up to RM1,000
The transaction is RM8800, 0.15% is RM13.50
Stamp Duty = RM 13.50
RM8.80 + RM2.64 + RM13.50 = RM24.94
All fees add up to RM 8800 + RM24.94 = RM8824.94
