Showing posts with label CDP account. Show all posts
Showing posts with label CDP account. Show all posts

Tuesday, October 6, 2015

DBS VICKERS SECURITIES account approved


This was my August's posts about my targeted on opening trading account in Singapore and finally I got my 【Singapore Exchange (CDP)】 account approved. 

This is another milestone in my investing journey. I can start to trade in SGX market after receiving my login password today.

I found no much difference on brokerage fee if I am using other platform of trading company. Most of brokerage fee around $18-$25 per trade minimum.

Moreover, I am not a big timer. I like accumulate shares and intend to focus on REITs or bluechip for my SGX portfolio.

Why I chose DBSV and not others?
Since I got the POSB/DBS account and for the sick of convenience of course DBSV is my first choice in my mind.

Refer this post on about what are the step to open CDP account in Singapore. 

The free $70 shopping voucher is still on-going until December 2015.

Based on their T&C, I will be entitled S$50 worth of shopping vouchers for executing my first 2 trades. ( Sound not bad, but this is one of the purpose attracted me to open a/c with DBSV la..)

To be honest that I'm having headache on picking up the stocks of SGX. I do not want having the same bad experience like what I did on KLSE where anyhow to buy the stock based on feeling or guessing.

I gotta MUST be patient when choosing a company to invest. 

I will try to spend sometime on following week to get more information from Singapore Finance bloggers, SGX websites, FB Singapore finance related group or read news about current Singapore stock market before I making my first trade.

I will still trade on KLSE but, will not pump more money into KLSE rather SGX market as for now.

My intended strategy are pump in money to buy more KLSE's BLUECHIP stock whereas more focusing on SGX market especially REITS and BLUECHIP. 
   

I really can't wait to trade my virgin trade in SGX market la........... lol >.<

Good luck to me :)




Monday, August 24, 2015

24082015: No longer blue Monday but Black !

Today is no long blue again, but it's black Monday.

Why ?

U.S. stocks market closed deep in the red on last Friday. The index closed more than 500 points. This is the main reasons affected Asia stock markets today. (In fact, not only Asia but worldwide stocks market.)

KLSE and STI closed markets at 1532.14(-42.53) and 2843.39(-127.62) respectively.

Make the thing worst is malaysia exchange rate - MYR/USD was hit 4.00+ whereas MYR/SGD about 3.00+

In this bear situation, I did not do anything to sell or buy at the moment and still like nothing happen. Like what I said earlier post, I used my savings invest into KLSE, not going for day-trade but invest is just for dividend returns.

To be honest, I'm seriously not worry about my market value of portfolio become lesser. I am still holding the company shares as far as they do not declare de-list from the market. But, I will still use my extra money to pump into market. Mostly, I will buy in my existing blue chip stocks to bring down the average share price.

I'm trying to write in simple English in my blog whenever story are related to STI markets and anything about my personal life in Singapore.

The main reasons behind is I want to step into SGX market as for now.

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