SGX has announced that they are studying to reduce its lot size from the current 1000 to 100 and eventually to 1. So imagine if that were to happen, I would have owned 260 lots of FCT instead of the 26 lots I owned now :D
I think we might get a general consensus from the retail investors that they are generally favorable to this changes. This is because not only can they average down in lower amounts but for the younger investors who are interested to start in investing, this will be a good learning tools for them as they do not need to put down much capital to start with. For me personally, it will be good as well as it allows me to get access to expensive stocks in the market like the Dairy Farm, HK Land, Jardine and the banks. So instead of having to pay ...
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