The financial blogosphere buzzed with activity this week when Standard Chartered Bank (SCB) announced that they’ll be removing their famous “zero minimum commission” policy from their online trading platform. From 1 August 2016, they’ll be imposing a $10 per trade fee. Sad face.
What this means is that it no longer makes sense to invest in small amounts through SCB Online Trading. I won’t delve too much into this topic, because several bloggers have talked about it at length, including here, here, here, and here.
(Note: If you’re a member of my flagship course 80/20 Investing, you’ll get a follow-up guide on how to continue investing with SCB with this $10 commission in mind. Stay tuned!)
I’m not gonna lie – when I first heard the news, I was pissed. So like a keyboard warrior during the General Election, I sat down to write a huge diatribe railing against …