I finally opened up my first online brokerage account with Tiger Brokers ("Tiger") a few weeks back in February 2021. The trading fees is super cheap at only 0.08% per trade and currently, there is no minimum fees for SGX trading. This means that for every S$1,000 invested, one only need to pay 80 cents. The platform is relatively easy to use and familiarize. Tiger also allows one to buy into selected Unit Trust funds on Tiger Fund Mall. Going forward, I will be tweaking my current investment allocation and diverting a small portion of my future funds into buying overseas stocks for growth and diversification. However, the main focus of my investment approach will still be a dividend focused one.

1. Problems with online broker

(i) However, not all is perfect. For example, the claim by Tiger to be able to open and account and trade within the same day is actually not true....