|
04-02-2015, 02:11 PM
|
Verified Member
|
|
Join Date: Dec 2014
Posts: 17
|
|
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
|
10-02-2015, 09:55 AM
|
|
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.
|
10-02-2015, 10:15 AM
|
|
Quote:
Originally Posted by Joannee
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.
|
|
Posting Rules
|
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» 30 Recent Threads |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|