Ok. I lied. This post is not going to be just about buying stocks. Rather what I will try to cover will be how to make purchases of the various asset classes.
By the end of this article, you would have an overview of
What are brokerages and why do you need them SG brokers vs Overseas brokers Order types and what do they mean What are brokerages
In essence, brokerages are like shopkeepers. When you want to buy groceries, you go to the supermarket. When you want to buy assets (financial assets), you execute your orders through a brokerage.
The broker then buys it for you and the asset is either transferred to your account or held for you. This distinction is important and we will cover why later.
SG brokers vs Overseas brokers
Firstly, you can only buy stocks on SGX through the Singapore brokers. Overseas brokers such as Interactive …