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Procedure for stock market - beginner learner

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Old 04-02-2015, 02:11 PM
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Smile Procedure for stock market - beginner learner

Hi guys

I am thinking of learning some stock market for some extra income not really go into a big investment but have no idea where should I start nor which school is more preference.
Seeking some guidance here
<<<< feedback and guidance are welcome>>>

Regards
Joanne

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Old 10-02-2015, 09:55 AM
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first, go to CDP in SGX centre to open a Central Depository Account.

then, you need a brokerage account with one of the brokers here in Singapore. you can probably do that too near the CDP counter - there are usually some brokerage guys there to market their services.

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Old 10-02-2015, 10:15 AM
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Quote:
Originally Posted by Joannee View Post
Hi guys

I am thinking of learning some stock market for some extra income not really go into a big investment but have no idea where should I start nor which school is more preference.
Seeking some guidance here
<<<< feedback and guidance are welcome>>>

Regards
Joanne
Concentrate on your career instead. There is not much you can make from the stock market with just a 2k monthly salary as seed capital.

Even if you are a hedge fund ace that can generate 15% year on year that is only going to make you a few hundred tops a year because of your lack of base. Also I do not recommend admin assistants with zero knowledge on finance play the stock markets. You will just get eaten up by the BBs.

Recent CPF studies already show 78% of layman lose money over 1o years in the financial markets and another 14% cannot even beat 2.5% interest given by CPF. You are much better off trying to build your career than waste time setting aside a few hundred bucks a month montioring the markets to earn that $100 a year that hardly translates to $8 a month.

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