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When stocks are more affordable, but not cheaper

What makes stocks cheap or expensive are their valuation multiples and earnings prospects, not board lot sizes

IF you are a stock picker, and don't have much money to spare, the cut in standard board lot sizes from 1,000 to 100 shares will help.

But don't get too excited. It has become more affordable to begin a position in UOB, sure. You just need to fork out a couple of thousand dollars instead...

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