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(Post 130/ year 2 week 56) Learning investing/trading together part 22:How to purchase a stock?(FSM)
By Sonicericsg  •  November 19, 2019
In the last Learning investing/trading post,i mention that i have started open an account with FundSuperMart(FSM),which has the lowest brokerage cost in Singapore(0.08% or a minimum of $10)

Surprisingly,the sign up process was easy using Singpass account and in about one day, i open a brokerage account with FSM.

So,why choose FSM as a brokerage?


Cheapest stock brokerages fees in Singapore at (0.08% or a minimum of $10)Good customer service,asked some queries on the account fee using the chat interface and was  answer promptlyCons
No physical bank(Yes,some people prefer a brick and mortar bank)Must transfer money to FSM and they will update your account balance(Updating of balance in account generally takes an hour not immediate)Let's say you transfer $4000 at 3 PM to your FSM account,only at 4 PM then your account balance will show that you have $4000 transfer inHow to set up a FSM account?Sign up with a Singpost account and you are done,quick and easy!Onto the...
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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