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Jonathan Chia Guangrong
02 Apr 2019
SOC at Local FI
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Hello!
All you have to do is to open an individual CDP account as well as set up a trading account with a brokerage firm of your choice. Some brokers may be able to do both at the same time. Do look out for high commission rates charged by brokers, which would eat into your profits. the article that nicholes attached would be able to help you to make a better choice of which broker to use!
If i am not wrong, the minimum amount to start with would be a few hundred dollars. It would likely depend on the stock broker that you use. Investing in REITs is similar to investing in the stock market.
hope this helps!
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Nicholes Wong
02 Apr 2019
Diploma in Business Management at Nanyang Polytechnic
It is listed on the stock market like every stocks so just open a trading account with a local broke...
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There are a couple of ways to start. First method is more traditional where you open cdp and brokerage accounts and you buy your chosen reit off the market.
Second method is to do dollar cost averaging into a chosen reit every month. Maybank ke's monthly investment plan will allow you to buy into certain reits like those offered by capitaland or mapletree for $100 per counter per month. You don't need a cdp account for this as the shares are held in custodian by the broker. Hope this helps.