Sam's Financial Blog Labels
Wednesday, October 27, 2010
Saturday, October 2, 2010
Those already have the trading account will say, just call broker and say the num of shares of company to buy or sell.
The next question will be, how to open a trading account? Its simple, just need to make a phone call to the stock agency and tell them you wanted to opening a trading accpunt to start trading shares. They will make sure u have all account needed for the trade.
Below are some of the agency in Singapore:
2) Lim and Tan
3) UOB Kay Hian
Tuesday, September 28, 2010
Friday, September 24, 2010
Its interesting to know that not all are aware of the importance of saving. That is the most basic things to do in personal financial. Without saving, you will not be able to make your money work for u, will not have money during emergency and will have to keep working hard for the money. Is that what u want in life?
If the answer is "NO", then start to save NOW.
The next question will be, how to save? If u have read my older post on "Saving", you will get the answer. But I will still say it here. Saving is money u put aside before your expenses. That means u need to put at least 10% to 20% of your salary aside as saving before you start to spend on your expenses. How to do this when my expenses is the same amount as my salary?
You need to go thru your expenses and cut those that is not a necessity. Eg. SCV, 2nd mobile line, 2nd internet line, going to restaurant for meal, turning on aircon to cool room 30 mins before sleep, turning on water heater 30mins before bathing, etc...
Plan your expenses so that u can save 10% to 20% every month, and NOT pay your expenses then the rest will be your saving.
What I see and heard is totally different, but I don't disagree that the stock market is risky but u can control the risk. There are many who know how to control the risk and are making their money work so hard for them to earn them more money.
Saturday, February 20, 2010
You bought a property and sell it for $700K, you need to pay stamp duty of $15600. This is on top of the stamp duty you need to pay on purchase.
Bank will also capped the lending to 80% of the purchase price. That mean u need to have 20% of cash ready for purchasing.
The new rule is to curb property speculation.