#sgstock

[missfreedom]

All hail FIRE, life is too short to be spent working.

I remembered telling my boss that I wanted 3 months sabbatical no-pay leave and she thought I was an alien.

[missfreedom]

Jan’21 scorecard

Ended the month with a market pullback, may the markets be with you guys!

It was sad that i didn’t join the GME ride, but would rather trade with logic anyway

Not too shabby for a 28% per month returns, meanwhile banks are giving 0.05% per annum.

[missfreedom]

Which broker to use?

If you hailed from SG, chances are you could be using DBS Vickers or POEMs to trade.

Imo, Vickers is a tad too exp for foreign shares which comes with minimum commission and I am not really used to POEMs’ interface.

I use primarily IBKR and TDameritrade for HK and US stocks for the cheapest charges and access to options as well. They are one of the largest brokerages around on the world. However, if you are concerned about possible insolvency issues of a brokerage, perhaps spread your eggs by having a few.

*Note that they do not allow Singaporeans to trade in SG equities on the platform due to regulations.

For SG equities

If you are trading SG stocks and happen to be a DBS Treasures customer, you can check out their iWealth app and trade directly off the DBS ibank. They are offering competitive rates of up to 0.12% on SGX trades with no minimum commissions. However, to qualify for DBS Treasures, be prepared to set aside 350k SGD nett investible asset (deposits or investments) in DBS. If the amount sounds a lil’ astronomical, do consider Stanchart’s trading platform currently offering 0.2% with no minimum commission as well.

I would love brokerages with no min. comm as that would mean i could trade with a smaller capital and do a dollar cost averaging by buying in small amount each time into a particular stock to get a better average cost.

These are the few brokerages i have experienced with, feel free to use any others that you prefer!

Checkout:

https://seedly.sg/reviews/online-brokerages

[missfreedom]

Just a regular SG 28yo staying in a 2bedrm HDB girl trying to invest and achieve FIRE (financial independence, retire early!)

Bio:

-had a diploma in business admin

-degree in int business

-first job till present day, a relationship manager aka financial planner aka wealth planning manager or whatever you like to call it

Had many many modules of financial accounting, financial planning etc but had never put it to good use until recently

Just feeling a lil’ bored and sharing snippets of my FIRE journey right here.

* investments comes with heart attacks, risks and losses, do not go for it if you can’t deal with losses

[refreshfinance-blog1]

Brief Summary: Open Singapore Stock Account.

Option A: CDP + Brokerage Account

Option B: Custodian Account

Option C:  Robo-Advisory Account

Option D: All of the above

Option A: Step 1: Go to SGX CDP to open a CDP account. Step 2: Find a brokerage firm that you prefer and open a brokerage account. [More details about different brokerage firms coming soon.]

Option B: Step 1: Find a custodian firm that you prefer and open a custodian account. [More details about different custodian firms coming soon.]

Option C: Step 1: Find a Robo-Advisory firm that you prefer and open an account. [More details about different Robo-Advisory firms coming soon.]