Buy and Sell Share using different Trading Account

You can buy shares using POEMS Trading Account and once the shares are fully paid up, its transferred to CDP as free balance. Then you can use Lim and Tan Trading Account to sell the shares.

Standard Chartered Online Banking Promotion

The below message was sms to me:

"Get a $10 Starbucks voucher when you pay any bank's VISA or Mastercard credit cards bills via Standard Chartered's Online Banking before 31 Oct 2010."

Opening trading account.

I have been sharing with you guys on how to saving, earn passive income, investing and etc. I have not tell you guys how to start trading stock.

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:
1) Poems
2) Lim and Tan
3) UOB Kay Hian
4) OcBC

Fuel Discount of 19.25% @ Esso.

I just went to Esso to top-up fuel and find out that I was given a 15% station discount and I will still enjoy a 5% off using my Citibank Dividend Credit Card.

Total of 19.25% off fuel top-up.

After that, I received a sms from Citibank and find out that this offer end at 30 Sept 2010.

Car Owner, so what are you waiting for?

Back to Basics

I am wondering does anyone know what does "Back to Basics" means. I come across a topic posted by Imsavvy on facebook with the above topic.

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.

How to make money in Stock Market?

I have heard many saying that the stock market is risky and should not be going into it.

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.

Seller to pay Stamp Duty

Anyone who sell their property within a year of buying (from date of purchase) will need to pay Stamp Duty of 3%.

Example:
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.