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Thread: Playing the stock market in SG

  1. #1

    Default Playing the stock market in SG

    Hi all, was asked by a friend on the procedures of buying stocks in sg. I'm totally clueless so need to see if anyone can help me out here? thks!

  2. #2
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    Default Re: Playing the stock market in SG

    just approach any trading firms like POEMs, UOB Kay Hian, DBS Vickers, DMG, etc.. and ask to open a trading account, they will settle all the necessary paperwork.

    But you'll like to find out which trading company charges the lowest transaction fees and what kind of value added services they offer.
    “How fortunate for leaders that men do not think.” - Adolf Hitler

  3. #3

    Default Re: Playing the stock market in SG

    Quote Originally Posted by wlcling View Post
    Hi all, was asked by a friend on the procedures of buying stocks in sg. I'm totally clueless so need to see if anyone can help me out here? thks!
    Good luck to ya frd. Dun git

  4. #4

    Default Re: Playing the stock market in SG

    Quote Originally Posted by wlcling View Post
    Hi all, was asked by a friend on the procedures of buying stocks in sg. I'm totally clueless so need to see if anyone can help me out here? thks!
    If your friend is clueless, now is not the time to get in. When everything was cold 2-3 years ago, your friend did not want to invest. Now it's so hot, it's better to stay out. A fool and his money are soon parted.

  5. #5

    Default Re: Playing the stock market in SG

    Quote Originally Posted by nottipiglet View Post
    If your friend is clueless, now is not the time to get in. When everything was cold 2-3 years ago, your friend did not want to invest. Now it's so hot, it's better to stay out. A fool and his money are soon parted.
    true true ... I agree ... I had pulled out most of my funds too... now waiting for a major corrections....,

  6. #6
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    Default Re: Playing the stock market in SG

    Quote Originally Posted by wlcling View Post
    Hi all, was asked by a friend on the procedures of buying stocks in sg. I'm totally clueless so need to see if anyone can help me out here? thks!
    hi, i dun know what has prompt u to get interested in the market, i hope to warn u this : market is now crazy high and overvalued.. any bad news will trigger massive selloff which small and new investors will never be able to take it. I am now selling more to take profits and buying lesser to invest.

    do u know something ? when more and more new people suddenly wanted to play stocks ? it is a definite sign that the great market crash is coming... it is proven many times in history.

    i suggest u stay put and wait for a correction.
    Last edited by raincool2005; 23rd May 2007 at 09:34 PM.

  7. #7

    Default Re: Playing the stock market in SG

    hey, sister
    i think now if u r clueless than better stay clueless;

    i don't play stocks but used to play commo during school days and almost got burnt when everyone in hip over it

    so be warned


    Quote Originally Posted by wlcling View Post
    Hi all, was asked by a friend on the procedures of buying stocks in sg. I'm totally clueless so need to see if anyone can help me out here? thks!

  8. #8

    Default Re: Playing the stock market in SG

    Quote Originally Posted by raincool2005 View Post
    hi, i dun know what has prompt u to get interested in the market, i hope to warn u this : market is now crazy high and overvalued.. any bad news will trigger massive selloff which small and new investors will never be able to take it. I am now selling more to take profits and buying lesser to invest.

    do u know something ? when more and more new people suddenly wanted to play stocks ? it is a definite sign that the great market crash is coming... it is proven many times in history.

    i suggest u stay put and wait for a correction.
    now is problem is dunno when ....I have been waiting for 1 month ... it seems like there is no sign of resting ... the bull still run to record high today ....

  9. #9
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    Default Re: Playing the stock market in SG

    Quote Originally Posted by hongwei View Post
    now is problem is dunno when ....I have been waiting for 1 month ... it seems like there is no sign of resting ... the bull still run to record high today ....
    maybe June or July

    becos summer holidays are coming soon, trading volumes are expected to be thin as many ah moh traders will be away for summer vacation.

    as for China side... i think gone case liao... bubble is getting bigger and bigger. Many common chinese folks are using margins to play... signs of trouble.
    Last edited by raincool2005; 23rd May 2007 at 10:29 PM.

  10. #10
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    Default Re: Playing the stock market in SG

    Bad time nw. Wait for news of market correction first.

    The 10yr recession cycle is also overdue nw. Suggest u either do short-term UTs (those 1 or 2yrs one) and observe the market though.

  11. #11

    Default Re: Playing the stock market in SG

    Hmm, the views here seem so -ve about stocks. I'm not into stocks, but they always say, playing stocks require lots of hard work and research on the market and intelligence.

    Whenever you ask those who are successful in stocks, they will tell you people fail or traditional (poor) parents' tale seem to say, "Stay out of stocks" cos they dunno how to play it. Any truth in that statement?

    Seems like i've read people who are super rich and intelligent in stocks can lose by the hundreds of thousands in a few short days, but in no time, they make back even more. Is this a fairy tale story hyped up to make making money sound so simple? In fact, if you turn the papers, you will see so many adverts on people telling Make Quick Money easily thru investments and what-nots....

  12. #12
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    Default Re: Playing the stock market in SG

    Quote Originally Posted by kiwi2 View Post
    Hmm, the views here seem so -ve about stocks. I'm not into stocks, but they always say, playing stocks require lots of hard work and research on the market and intelligence.

    Whenever you ask those who are successful in stocks, they will tell you people fail or traditional (poor) parents' tale seem to say, "Stay out of stocks" cos they dunno how to play it. Any truth in that statement?

    Seems like i've read people who are super rich and intelligent in stocks can lose by the hundreds of thousands in a few short days, but in no time, they make back even more. Is this a fairy tale story hyped up to make making money sound so simple? In fact, if you turn the papers, you will see so many adverts on people telling Make Quick Money easily thru investments and what-nots....
    it is not being negative.. it is knowing when to and when not to. It is not quick money, it requires lots of chart readings and checking up the companies..the industry trend. not all stocks are bad... the good ones that will still go up are marine, oil and gas due to strong offshore oil exploration demand.
    Last edited by raincool2005; 23rd May 2007 at 10:54 PM.

  13. #13

    Default Re: Playing the stock market in SG

    Quote Originally Posted by kiwi2 View Post
    Hmm, the views here seem so -ve about stocks. I'm not into stocks, but they always say, playing stocks require lots of hard work and research on the market and intelligence.

    Whenever you ask those who are successful in stocks, they will tell you people fail or traditional (poor) parents' tale seem to say, "Stay out of stocks" cos they dunno how to play it. Any truth in that statement?

    Seems like i've read people who are super rich and intelligent in stocks can lose by the hundreds of thousands in a few short days, but in no time, they make back even more. Is this a fairy tale story hyped up to make making money sound so simple? In fact, if you turn the papers, you will see so many adverts on people telling Make Quick Money easily thru investments and what-nots....
    .. i believe that there is SOME truth, but minimal...even for me who is just a student, not knowing much about the market managed to make "abit"....so go on and play!!







    umm and on the serious note, how is one to judge whether now is the time or not.... its always the time as long as you have certain self-restrain and foresight

  14. #14
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    Default Re: Playing the stock market in SG

    Quote Originally Posted by seanlim View Post
    .. i believe that there is SOME truth, but minimal...even for me who is just a student, not knowing much about the market managed to make "abit"....so go on and play!!







    umm and on the serious note, how is one to judge whether now is the time or not.... its always the time as long as you have certain self-restrain and foresight
    u judge by looking at demand and supply and the trend ahead

  15. #15
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    Default Re: Playing the stock market in SG

    terrible crash coming this year

  16. #16

    Default Re: Playing the stock market in SG

    With banks cutting the base rate again I can only imagine the ST is going to continue rising. I can't see the Singapore bubble bursting so soon with all that is going on here.

  17. #17

    Default Re: Playing the stock market in SG

    The next fall has nothing to do with Singapore bubble bursting.
    It will be the result of the China bubble bursting...
    Saw this photo of China aunties buying stocks in the papers today. Reminded me of the last bull in SG.

    Scary.... The time is coming... As the saying goes, "When aunties enter the market, it is time to pull out of the market"...

    So if your friend has no idea, take this time to study the procedures, understand the clockwork of the market, store power, then enter after the correction...

  18. #18

    Default Re: Playing the stock market in SG

    Quote Originally Posted by valice View Post
    The next fall has nothing to do with Singapore bubble bursting.
    It will be the result of the China bubble bursting...
    Saw this photo of China aunties buying stocks in the papers today. Reminded me of the last bull in SG.

    Scary.... The time is coming... As the saying goes, "When aunties enter the market, it is time to pull out of the market"...

    So if your friend has no idea, take this time to study the procedures, understand the clockwork of the market, store power, then enter after the correction...
    I see the bubble bursting as a result of continuing trade deficeit vs the undervalued yuan. The rising energy prices will further drive US economy in major slowdown.

    The increasing tension and uncertainty of terrorism and hostility between Europe and middle east will further push oil prices. The health system will suffer because of over subsidies by governments, increasing unemployment rates due to corporations moving out to India and China will further burden the western economy.

    The bubble will burst at the general revision of bank interest rates and inflation causing lower disposable income in US and Europe. As demand from the Western nations decreases, China will face an over supply situation causing an general price fall. The price fall will result in lower production output for exports and increases unemployment in China.

    Employment related migration from China and India into other parts of Asia will increase but at the expense of further unemployment situation in destination countries. As burden increases, spending decreases, tourism related activities enter slump, uncompleted multi-billion projects like Singapore IR and Malaysia's Iskandar will come to near complete stop and evolve into a potential fatal burden. The recession cycle will enter 2 phases US+EU => Asia => US+EU.

    After hearing this, good luck anyway.
    Last edited by eyes; 24th May 2007 at 02:26 AM.

  19. #19
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    Default Re: Playing the stock market in SG

    Quote Originally Posted by valice View Post
    The next fall has nothing to do with Singapore bubble bursting.
    It will be the result of the China bubble bursting...
    Saw this photo of China aunties buying stocks in the papers today. Reminded me of the last bull in SG.

    Scary.... The time is coming... As the saying goes, "When aunties enter the market, it is time to pull out of the market"...

    So if your friend has no idea, take this time to study the procedures, understand the clockwork of the market, store power, then enter after the correction...
    Yes, there is a record high of newbies in Shanghai market this month, they are totally new, zero experience and just wanted to make money becos they see their friends making money too. So monkey follow monkey into the lion den. Worse still, they even take loans and credits to play stocks... so beware if u had overseas friends from China suddenly want to borrow money from u to invest, stay away from such.

    Last edited by raincool2005; 24th May 2007 at 12:55 PM.

  20. #20

    Default Re: Playing the stock market in SG

    Quote Originally Posted by raincool2005 View Post
    Yes, there is a record high of newbies in Shanghai market this month, they are totally new, zero experience and just wanted to make money becos they see their friends making money too. So monkey follow monkey into the lion den. Worse still, they even take loans and credits to play stocks... so beware if u had overseas friends from China suddenly want to borrow money from u to invest, stay away from such.


    Sometime back, a foreign Chinese channel reported that a family even rolled a relative in a wheelchair into the stock brokerage to open a trading account. Apparently the relative had suffered a stroke and wanted to make money instead of sitting at home useless.

    Only a week back, at a seminar I attended on Asia Economics, the speaker says even monks are opening trading accounts; going to the stock brokerages in their orange robes.

    IMHO....

    I do not worry too much becos there are still a lot of skeptics lurking around, and even more people crying "beware". It does look like everybody who follows the stock markets are aware of the "bubble". From the money flow (Oil money, private equity from Europe, hot money from US, leveraged money and carry trades from Hedge funds), it does seem to indicate that retail money is not totally in (the markets). So, there are still a lot of "foolish (aka. Retail)" money sitting on the side "waiting" for the so-called "expected" collaspe.

    If I were to use CS respondents here as an indicator, it does seem that this bubble still can be stretched a bit. When majority of the CS respondents turn positive, and the negatives stopped whinning, then the so-called BIG correction may come. Meanwhile minor corrections will come every now and then.

    Even Greenspan was wrong for a few years when he made the infamous "Irrational Exuberance" comment. And this week, he said something about "China stocks may post dramatic drops" in addition to the many comments he made throughout the year, echoing the same sentiments made by Chinese President Hu, Lee Seau Kay & Li Ka Shing..
    Last edited by Caspere; 24th May 2007 at 01:38 PM.
    CS says, "We can't help you ignore yourself."

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