It is a very simple idea to use the power of compound interest

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It is a very simple idea to use the power of compound interest  Smart people are easily attracted by complex things, and underestimate the great influence and importance of simple ideas. But Monish Pabrai is a full pragmatist, and he will not fall into this trap. "It is a very simple idea to use the power of compound interest, a very simple idea to imitate, and a very simple idea to be honest." He said. However, when you apply some powerful ideas with great enthusiasm, the cumulative effect is "incomparable".
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Three kinds of fees in stock trading in China


There are three kinds of fees in stock trading:

(1) Transaction commission: each transaction is charged once. Usually, less than 10000 yuan, less than 5 yuan will be treated as 5 yuan

(2) Stamp duty: collected when selling. Usually one thousand.

(3) Transfer fee: each transaction will be charged once. This time from 0.2 per 10000 to 0.1 per 10000.

The bulk of transaction costs is still transaction commission and stamp duty.

The proportion of transfer fees is relatively low, but reducing the transfer fee is also a small benefit.

Lower general rates will stimulate stock trading.

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