how to go abt buying shares?
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hi all,
wonder if anyone here has ever dabbled in shares b4... care to share exp?
would like to know where to get more information as i have only basic knowledge in it...
tks.. -
You need to get a broker and also open a CDP account with Singapore exchange.
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yup, i have read that somewhere... but how to get to know brokers? -
get a friend or colleague to give you a contact
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Originally posted by dragg:get a friend or colleague to give you a contact
i wish i had someone who had that exp... sadly, no one has done that b4...
so i was wondering if anyone had done it before or are doing it now to share abt the procedure as well as how to collect info... -
YOU can go enquire at banks. one well known firm is OCBC securities. or ask at SGX at raffles place.
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Dun jump off buildings when u lose all your money ok?
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i tried to go SES website, but couldnt find anything useful.. was hoping to find more info online + see if anyone got personal exp to share before really going to banks...Originally posted by 105090:YOU can go enquire at banks. one well known firm is OCBC securities. or ask at SGX at raffles place.
but i really appreciate all advices from everyone..
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lol...Originally posted by nospam:Dun jump off buildings when u lose all your money ok?
... dun worry, i m not so stupid.. pple jump down from buildings coz they throw every penny into such investment... i believe in doing it prudently... -
Dun follow trend la. Buy sahres cannot earn money one. Buy 4D even better chance. BTW worldwide economy slowdown predicted in 2009 so be prepared.
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that can hardly be called a trend since itz been ongoing for quite some time already... recession trend is abt every 10yrs, so i m not surprised... to set the record straight, i m not really a big risk taker... there are shares that do not fluctuate a lot...Originally posted by nospam:Dun follow trend la. Buy sahres cannot earn money one. Buy 4D even better chance. BTW worldwide economy slowdown predicted in 2009 so be prepared.
4D?... i tried toto, it sucks big time... haha... but i kinda like the anticipation when itz time to check my num on the newspaper... -
I have never heard anyone earn money from shares. Earn alreaady in the end lose more. Go buy a savings plan or something la. at least risk not so high.
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personal opinion... savings plan are gd only for pple who do not really have discipline to save on their own... i know there are a lot of pple w/o control over the way they spend... if u save a decent amt, then spend some, the remainder could be used to see if there are investments alternative...Originally posted by nospam:I have never heard anyone earn money from shares. Earn alreaady in the end lose more. Go buy a savings plan or something la. at least risk not so high.
but i think life insurance is a must, taking into acct that there are so many diseases these days... -
u should go shares forums not here. here pple give u crap advice.
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Originally posted by nospam:u should go shares forums not here. here pple give u crap advice. ... lol... i thot chit chat forum, so can tok abt anything under the sun... no lah, i taking it ez... if no lobang then wait and see how...
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what about funds or bonds? have u considered them? i think they are not as risky as shares right?
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not too sure though, becoz i have not looked into it... but from wat i hv heard, it doesnt seem like a popular choice.. dunno y also...Originally posted by l0st-s0ul:what about funds or bonds? have u considered them? i think they are not as risky as shares right? -
as i said, u can go to OCBC securities office, some where in shenton way/ raffles place
most brokers are rather choosy about their clients now, as some may not pay up or what, so u should try to get someone's recommendation if possible.
also, in stocks, ppl talk in thousands... and many singaporeans lost mooney when malaysian shares were suspended from SGX.
some things to ponder? -
yup, i noted ur recommendations, so no worries... like i said also, those who jump buildings + lose heavily r usu the ones who either dun do their homework or they are big risk takers...Originally posted by 105090:as i said, u can go to OCBC securities office, some where in shenton way/ raffles place
most brokers are rather choosy about their clients now, as some may not pay up or what, so u should try to get someone's recommendation if possible.
also, in stocks, ppl talk in thousands... and many singaporeans lost mooney when malaysian shares were suspended from SGX.
some things to ponder?
but u mentioned a gd point, that brokers are choosy these days... that's y i m not rushing into anything, and trying to gather as much info as i can... reading up when i hv free time also...
but thanks for the word of advice/caution...
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u know buying shares aint as easy as it seems? for starters, u gotta have quite a big sum of money. and the commission brokers charges are not cheap too. sometimes although ur shares rises(a bit), and u sell them, u might make a loss coz of the commission fee. there again it depends on how much u are willing to invest.
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so far i dont have a single friend who won in shares.
2 of my friends lost 200k each.
both sold their flats to pay the debt. -
that is because your friends are too greedy in it..must play with a balance..Originally posted by dragg:so far i dont have a single friend who won in shares.
2 of my friends lost 200k each.
both sold their flats to pay the debt.
i attended those seminars...REMEMBER "When you lose money, bear in mind that the amount are the one you are PREPARED to lose in the begining"
Always set upper and lower limits..Upper = % earn..lower = % lost.
Same old advice...dun be greedy...its easy to say, but hard to emabark..
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everybody knows the theory.
how many can resist the temptation?
even if you are not greedy take the recent happenings for example.
CAO, citiraya, ACCS, informatics...
just one of these counters is enough to set you back by 10k.
are you one of the minority who won?
if you are i am impressed.
lots of people started on a winning note, only to lose heavily later. -
A few security firms I can recall off the top of my head which you may want to approach are Phillips, GK Goh, DBS Vicker and Fraser.
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should you ever get started.. start small okay and don't be greedy. open up your eyes to see who your real friends are. those asking you to buy may be selling behind your back. haiz..