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Hi
Can someone who already has a CDP account buy an IPO from the ATM without having an account with a stock broking firm ?
ReplyDon’t think that is a problem but you will still need a stock broking account in order to sell it later on.
ReplyNice short introduction!
There are a lot of investment vehicles. For beginners, opening your accounts (CDP and brokerage) is the first step. From there, you can try navigating the online platforms to get a feel.
Now it’s a pretty good time to get into the stock market. For the risk-adverse, slowly i guess.
Otherwise, investment in funds via Fundsupermart is a pretty safe option too.
thanks martin for the intro. 🙂 I wrote some small posts on investment on my blog as well.
Replyhi Vincent,
to complement Martin’s reply, you might also wish to consider investing in ETF (exchange traded funds) besides stocks only.
Our local stable of ETFs listed on SGX tend to be rather limited. You could look at those listed on AMEX or NYSE (e.g. http://us.ishares.com) for a much greater range (incl those which long/short on a variety of asset classes and industries). Need to watch forex risk as most ETFs are priced in USD.
Being a licensed Independent FA rep myself, we help clients open trading accounts w/ OCBC Securities. For hassle free application, feel free to drop me a mail.
Btw, on commodities, you could take a look at Powershares DB Commodity Index Tracking Fund (.DBC), which offers exposure to 6 of the most heavily traded and important soft/hard commodities, namely crude oil, heating oil, gold, aluminum, corn and wheat.
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