Updated May 2022
I recommend investing with BOTH Tiger Brokers and Moomoo!
With the current promotions on brokerage accounts, I in fact took the opportunity to open both! Got more than $300 in a week, which is 6.6% yield on my deposits. That's more than the dividend yield paid out across all my SGX shares!
Moomoo ($40 cash coupon + potentially Tesla Share: up to $1300 with $2700 deposit)
Tiger (1 Free Grab Share + $5 cash coupon + potentially Tesla Share: up to $1270 with $2000 deposit)
(Update: With the Student promotion for Moomoo, you only need to deposit $1000 instead of $2700 to get your $240 reward!)
Both brokerages can be easily funded from DBS/POSB accounts and the withdrawal process is as simple too. Additionally, this is a fruitful month for both brokerages' sign-up offers. In less than a week, you have the chance to obtain more than $2500 purely on the sign up offers, with a deposit of $4700. This represents a higher annual growth rate than the top 500 US companies!
I personally see this as a must-get offer as a new investor to have an investing headstart by getting attractive rewards and paying $0 minimum commission for investing in SG, US, and HK equities!
Try them out, get the rewards, then decide after which interface you prefer.
Furthermore, here are the steps which I would recommend:
1) Set up your Emergency Fund
2) Invest in Dividend Companies
3) Invest in ETFs/Value-Growth Companies
If the focus is on investment teachings and future income, I think you should build up an emergency fund to get the experience.
Then, you can choose to explore dividend companies, ETFs or value-growth companies in order to share more on:
- Investing in dividend companies generates a yearly passive income with limited involvement (e.g. Capitaland Integrated Comm Trust ~5-6%)
- The effect of compounding your investments (e.g. SPY growing at ~10% CAGR over the past 40 years)
At the same time, I believe that you can also pick up some investment and financial planning knowledge through formulating these plans. If you would like to learn more, please feel free to check out my site here :)
Updated May 2022
I recommend investing with BOTH Tiger Brokers and Moomoo!
With the current promotions on brokerage accounts, I in fact took the opportunity to open both! Got more than $300 in a week, which is 6.6% yield on my deposits. That's more than the dividend yield paid out across all my SGX shares!
Moomoo ($40 cash coupon + potentially Tesla Share: up to $1300 with $2700 deposit)
Tiger (1 Free Grab Share + $5 cash coupon + potentially Tesla Share: up to $1270 with $2000 deposit)
(Update: With the Student promotion for Moomoo, you only need to deposit $1000 instead of $2700 to get your $240 reward!)
Both brokerages can be easily funded from DBS/POSB accounts and the withdrawal process is as simple too. Additionally, this is a fruitful month for both brokerages' sign-up offers. In less than a week, you have the chance to obtain more than $2500 purely on the sign up offers, with a deposit of $4700. This represents a higher annual growth rate than the top 500 US companies!
I personally see this as a must-get offer as a new investor to have an investing headstart by getting attractive rewards and paying $0 minimum commission for investing in SG, US, and HK equities!
Try them out, get the rewards, then decide after which interface you prefer.
Furthermore, here are the steps which I would recommend:
1) Set up your Emergency Fund
2) Invest in Dividend Companies
3) Invest in ETFs/Value-Growth Companies
If the focus is on investment teachings and future income, I think you should build up an emergency fund to get the experience.
Then, you can choose to explore dividend companies, ETFs or value-growth companies in order to share more on:
At the same time, I believe that you can also pick up some investment and financial planning knowledge through formulating these plans. If you would like to learn more, please feel free to check out my site here :)