Pretty sure they take the whole application money and then refund after scaling right? I might only be able to scrap together 5k for my application :(
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Pretty sure they take the whole application money and then refund after scaling right? I might only be able to scrap together 5k for my application :(
Thanks for the replies guys. I do have some money in a Rabosaver account earning very little interest so I better raid that after month end and apply for whatever I can afford.
Just because you can buy some shares cheaper tomorrow than what you can buy them for on the market today doesn't make it a 'no brainer' in my books. There might be reason to apply for shares under the plan, a syou can build up a small holding without incurring brokerage. By raiding the mattress and the flower pot in the garage? Surely this is only a great idea if you are sure that the discounted hsares you will get are good value. With fair value at $1.42, I think this is far from clear.
SNOOPY
I am buying mainly for the dividend and the potential upside in SP. Over 5% for HBL vs 2.75% on my Rabosaver. Lets just hope my car will get its WOF next month.