So you want to start investing? A lot of my friends have asked me on how should they begin investing, which explains this article to share my own journey. Apart from reading up investment news, the very first step to buying shares, stocks, trading, etc will be to setup a brokerage account.
What Is A Brokerage Account?
It is an arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor’s behalf. The investor owns the assets contained in the brokerage account and must usually claim as income any capital gains he or she incurs from the account.
In Singapore we have a few brokerage firms to choose from:
*There are way too many brokers out there, I am only highlighting a few of them for