12-01-2015, 04:22 PM
With $7K, i would
A. Open a SCB account that can trade in all markets
B. Change 3.5K into USD. Half to invest on normal basis and the other half for opportunistic buys. Invest this into US market blue chips
(US allows buying 1 share. Use this experience to learn and "pay" school fees. I favour US over SG because of board lots and brokerage charges
So your tuition fees in losses is smaller
Upon getting used to investing, deploy the other half.
C. Other half into SG markets after Jan 19 when the board lot changes into 100 board lot from 1000 board lot
D. Divide the remaining S$3.5k into 2 portions. First into companies you like. The other half for opportunistic buys
A. Open a SCB account that can trade in all markets
B. Change 3.5K into USD. Half to invest on normal basis and the other half for opportunistic buys. Invest this into US market blue chips
(US allows buying 1 share. Use this experience to learn and "pay" school fees. I favour US over SG because of board lots and brokerage charges
So your tuition fees in losses is smaller
Upon getting used to investing, deploy the other half.
C. Other half into SG markets after Jan 19 when the board lot changes into 100 board lot from 1000 board lot
D. Divide the remaining S$3.5k into 2 portions. First into companies you like. The other half for opportunistic buys