It is inertia and laziness. I let my CPF investment account stay dormant. However, the bank deducts $2 for every counter per quarter. I have a number of counters with 96 shares or 36 shares. I am losing money all these years as I did not do anything about the shares. The shares are worth less than $30 and every year, $8 is deducted by my bank for custodian purpose. So I am paying out service fees and losing money on all the bonus shares I received over the years.
Today, I finally clear them from my account. No more service fees!
1 comment:
Oh really? I better check mine too. Thanks BL for the info :-)
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