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Weekly Highlights 6 Oct: Brokerage war erupts in the US
By The Investment Blueprint  •  October 6, 2019
#1 Brokerage war erupt in the US

I believe it all started from Interactive Broker when they introduced IBKR Lite which charges 0 commission. Shortly after, Charles Schwab, TD Ameritrade and E*Trade followed suit respectively. Things are looking pretty good if you are a resident in the US! Buying stocks with no commission.

One can only dream that in Singapore.

Well, in Singapore, investors using local brokerages are still paying ‘sky-high’ commission. Relatively speaking. Face-palm for our local brokerages.

https://www.cnbc.com/2019/10/02/e-trade-drops-commissions-on-trades-joining-schwab-td-ameritrade-in-brokerage-fee-war.html

#2 Metro shut down in Hong Kong

Metro stations had to be closed due to the ongoing clashes between the police and the protestors. It seems to me that it is just a matter of time before China send any troops into the streets of Hong Kong.

Anyone who is in Hong Kong right now or is planning to go to Hong Kong for whatever reason, stay safe.

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By The Investment Blueprint
My name is Harvey and I aim to publish at least one article per week. Only facts, statistics and a whole lot of caustic humour. ETF enthusiast.
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