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Most of the blue chip companies have good profit track records and stable dividend distributions, and highly regard corporate governance and social responsibilities. Nevertheless, one board lot of a blue chip stock may be worth tens of thousands or even over a hundred thousand Hong Kong dollars. Even though there is sufficient fund to purchase, the number of choices of other investments is reduced. Monthly plan allows investing in one or more blue chip stocks with a limited amount of fund. Every small purchase is automatically executed per month to accumulate a larger amount.
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Diversification
Diversification is an effective way to improve expected return or reduce risk. If the same amount that can purchase only one board lot of a blue chip stock, it can be used to invest in a number of blue chip stocks using monthly plan.
Dollar cost averaging
To buy a stock regularly, short-term price fluctuations do not have significant effect on the average cost. After a number of repeated purchases, the risk of single purchase at a relatively high price is diluted. In particular, dollar cost averaging strategy can have a better gain than one-time purchase when the stock price is initially falling and then rising.
Suitable for small investors
If the amount for investment is not large, and the high leveraged markets are not interested, using monthly plan to purchase blue chips is the only alternative.
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Low cost
I-Access only charges HK$5 service fee for each stock per month.
Multiple choices
I-Access client, in setting your monthly plans, can determine the number of months the plan last, to purchase in fixed amount or fixed quantity, and the target quantity to purchase.
Odd lot to sell
I-Access Odd Lot Board provides the commission-free channel to sell odd lots from monthly plan in case of urgent need of cash.
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