Investing in Singapore for Novices (2018 Update)

Posted by admin
on February 19, 2018

Investing in Singapore for Novices (2018 Update)

KEYWORD PHRASES – investing in Singapore for beginners 

Investment is a term that has confused every beginner when they plan to start investing. If you’ve decided to incorporate investments in your savings plan, then there is a chance that you have bombarded your friends and family with queries on the subject. You must have also read blogs and articles, but may have failed to fully understand the concept. Investing is a huge discipline that involves various tools and techniques to boost your savings. Yes, reading and keeping abreast with the news helps. But, a thorough understanding of the subject comes with experience.  

For all novices who wish to invest and succeed, we have compiled a guide that will answer all your questions on investment. This guide to investing in Singapore for beginners will enlighten you on all the factors you need to consider before you start your journey of investing.  

investing
investing

What do you need to know before investing?  

There are various factors you need to consider before you embark on your journey to invest. This includes everything from having your finances in place to understanding some basic investment concepts:  

Set financial goals and understand your risk appetite 

Aimless investments make no sense. If you do not know the purpose of investments, you will be unable to strategise and reap benefits. Ask yourself the reason for which you want to invest. Do you want to invest to gain financial independence? Or do you have certain commitments to fulfill? Depending on your goals and investment horizon, you will be able to estimate your risk appetite. If you are planning long-term investments, then you can gradually take risks. But, if you have commitments coming up in a few years, then you need to be on the safer side and ensure you reap maximum returns.  

Know your financial circumstance 

Whether you have millions of dollars or only a few thousands, you cannot allocate all the money toward investments. While savings are important, budgeting for necessities, debts, and other financial commitments is equally essential. Clearing debts should be a priority, and you should keep some funds aside for fixed expenses. Depending on your goals, you can then budget some amount for investments. To begin with set aside a fixed amount for monthly investments.  

Understand the relationship between risk and reward 

‘Investments are subject to market risks’ – you must have heard this several times. Markets are unpredictable and influenced by various political and economic factors. It takes years of experience to be able to predict how the markets will fare the next minute. While this is true, it is also said that to achieve something in life you have to take risks. Typically, investments with a high-risk rate give better returns, and vice versa. But, that doesn’t mean you jump on to riskier investments. Initially, you should stick to investments that match your goals and risk tolerance. Calculate and stick to the risk-reward ratio suitable to your situation.  

Once you understand these basic aspects, you can begin investing. Here’s how:  

Set up your brokerage and CDP account 

The first thing you need to start investing is a brokerage and a Central Depository (CDP) Account. A brokerage account makes paying for investments and investing overseas convenient. All you need to do is a Google search and send an email to your preferred brokerage firm. Some people go for the banks, where they have their savings account to make things easier. Banks like DBS, UOB, OCBC, Standard Chartered, Maybank, and CIMB offer brokerage account services. Alternatively you can opt for brokerage firms or online portals like Phillips or FMSOne portal. Additionally, open a CDP account. It acts as a wallet, where you can store all the stocks you buy.  

Select from investment options 

Basically, we mean strategise your investments. This begins by understanding the different investment options available in the market. Typically, when you think of the term investments, the first that comes to our mind is the stock exchange. But, investment is not limited to that. There are a variety of assets and options for investments. Stocks, bonds, mutual funds, insurance, real estate, and exchange traded funds, are some options that you can choose from. Some of these options may be riskier, while others are great for those looking for safe investments. If you’re considering investing in stock markets, then analyse the company to ensure you receive considerable returns. Additionally, should also bear in mind your investment goals, risk tolerance, and financial needs when devising an investment plan.  

Diversify and monitor your investment portfolio 

Once you have a plan in place, you can start investing. Make sure you diversify your investments. Diversification is an important aspect of investments that act as a defence to unfortunate circumstances. You should invest your money in different assets and of different companies. Putting all your money in one place comes with a risk of losing it. But, if you spread it across different assets, you minimise your exposure to risk. Continuously monitor your portfolio to make sure you have assets that serve your purpose of investing.  

So, here was a brief on investing in Singapore for beginners. Remember, investing is not the same for everyone. A strategy that suits someone else may not be apt for you. Make sure you invest with your goals and situation in mind. If needed, consult a financial advisor to help you with investments.  

 


Quick Credit Pte Ltd

Quick Credit Pte Ltd is the best money lender you will be able to find in Singapore. Anything cash related, we will be able to help you. Our well train loan consultants will be able to come up with a good loan package to help you clear off all your outstanding bills or debts. In doing so, you will help you keep better track of all your expenses and money. We have been a licensed money lender since 2002.

We have the skills, knowledge and people to assist you through the entire loan process while providing you with excellent advice.

In addition, we have one of the highest positive moneylender reviews among money lenders in Singapore. Furthermore, Quick Credit is also one of the few moneylender open on Sunday!

Interested in knowing more about how you can get a loan from us? You can drop us an email at enquiry@quickcredit.com.sg. Our manager will get back to you as soon as possible. Or you can drop us a message here and our manager will get back to you soon.

Alternatively you can call us at +65 6899 6188. Or visit our office at 2 Jurong East Street 21 #04-01A/B IMM Building Singapore 609601. The nearest MRT station to us will be Jurong East Station.

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4 Pro Tips To Manage Your Investment Portfolio (2018 Update)

Posted by admin
on February 13, 2018

4 Pro Tips To Manage Your Investment Portfolio

 

investment portfolio
investment portfolio

KEYWORD PHRASES – investment portfolio management tips 

Investments, a heavy word, comprises of various money-saving tools and strategies aimed to obtain financial independence. But, if investing was that simple, every individual could have become a millionaire. Young people rarely understand that importance of investing and skip this essential aspect of financial management when planning for the future. And, those who do, young and old, most often fail to succeed with it. Investing is not any art, which requires you to have the talent to excel in it or get trained. Success in investments comes with practice, patience, discipline, and continuous review of your investment portfolio. Yes, there are strategies, but without these qualities and strong portfolio management, you can fail.  

The importance of portfolio management cannot be undermined. Life and markets undergo constant change. The goal you have today may be replaced by something else tomorrow. Similarly, the stocks of a company that looks promising on the exchange may turn out to be unproductive tomorrow. If your investment portfolio is not in accordance with your goals and the market conditions, then chances of success reduce.  

Successful portfolio management requires a proactive and disciplined approach to help you protect your finances and also attain financial independence. Whatever your investment strategy, there are certain basic principles that apply to it that can help you maximise your returns.  

Here are certain investment portfolio management tips to bear in mind to achieve success through investments:  

 

Start Early and Go Slow and Steady  

As mentioned before, many young adults overlook the importance of investing early. But, investing from an early age brings you many benefits. You get a longer time span to learn and acquaint yourself with investments. Additionally, you also get time to experiment with different investment strategies and ride out risks to maximise your returns. You can invest in various assets like stocks, bonds, real estate, index funds, and more. When you start investing, make sure you stick to the products you understand. It is important to not rush when you commence investing. Dollar cost averaging method of investing a fixed amount each month in a mixed portfolio of assets can be a great option to start with. You can keep a fixed amount aside each month and span out your investments in the assets you understand. Once you gain confidence, you can move on to riskier investments.  

 

Diversify, Diversify, Diversify 

The importance of having a diversified portfolio cannot be overlooked when investing. As the saying goes, ‘you should not put all eggs in one basket.’ Imagine, you bought stocks of a company named XYZ. You put all your money (say $10k) into buying this company’s stocks and bonds. Now, one fine day, this company goes bankrupt. You must have guessed by now the result of your investments.

Since you hardly got any returns on your investments, you ran into a loss. If you would have divided the same amount and invested different asset categories of different companies, you could have reduced the risk of loss and ensured steady returns.  

It is imperative to create an investment portfolio that exposes you to different asset classes. Furthermore, you must diversify your money within an asset class or category. For instance, if you’re investing in stocks, invest a specific amount in stocks of different companies, instead of putting all your money in a single firm. Make sure to not put more than 4% of your total portfolio into an individual stock. The more you diversify the better you chance of success.  

 

Regularly Rebalance Your Portfolio 

Asset allocation is a term that refers to allocating your investments across different asset classes with the aim of balancing risks and rewards. When you start investing you should set a certain percentage of your money to be put into different asset classes. Say for example, you have $10K and you put 50% in shares and 50% in bonds. As and when you progress, you need to review your portfolio and rebalance this percentage to make sure you keep churning good returns.

Market conditions can have a huge impact on the value of your investments. And, this can have an impact on your current portfolio. Say for instance, the value of your stocks appreciated by 20% and the value of your bonds stay stagnant. Considering this, you now have $6000 worth of stocks and $5000 worth of bonds. To rebalance, you need to sell $500 worth of stocks to buy the same amount of bonds. To make it simple, with rebalancing you are minimising risk exposure. It is recommend to do this 6 monthly or yearly. 

 

Maintain Discipline 

To achieve financial freedom through investments, you have to be discipline with your investments. Skipping to invest, failing to monitor your investment portfolio and getting carried away with some success or good market condition is the biggest mistakes people make. And, as a result, you fail to succeed with investing. Remember that investment is not a sprint. It’s best to go slow, stay patient, and not get demotivate by past performances or get excite and flow with the good market conditions. Sticking to your plan is essential. You should also ensure that your investment portfolio aligns with your objectives all the time.  

Having a well-maintained portfolio is a key to successful investing. So, keep these basic portfolio management tips in mind, and you are good to go.  

 


Quick Credit Pte Ltd

Quick Credit Pte Ltd is the best money lender you will be able to find in Singapore. Anything cash related, we will be able to help you. Our well train loan consultants will be able to come up with a good loan package to help you clear off all your outstanding bills or debts. In doing so, you will help you keep better track of all your expenses and money. We have been a licensed money lender since 2002.

We have the skills, knowledge and people to assist you through the entire loan process while providing you with excellent advice.

In addition, we have one of the highest positive moneylender reviews among money lenders in Singapore. Furthermore, Quick Credit is also one of the few moneylender open on Sunday!

Interested in knowing more about how you can get a loan from us? You can drop us an email at enquiry@quickcredit.com.sg. Our manager will get back to you as soon as possible. Or you can drop us a message here and our manager will get back to you soon.

Alternatively you can call us at +65 6899 6188. Or visit our office at 2 Jurong East Street 21 #04-01A/B IMM Building Singapore 609601. The nearest MRT station to us will be Jurong East Station.

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How to Earn Money with Bitcoin (2018 Update)

Posted by admin
on February 8, 2018

How to Earn Money with Bitcoin  

KEYWORD PHRASE: Earn money with Bitcoin 

bitcoin
Bitcoin

 

 

 

 

 

 

Breaking international barriers, cryptocurrencies now allow us to eliminate the handicap caused by the tedious process of foreign currency conversion when conducting international  trading. The unexpected boom that these cryptocurrencies have experienced in the recent years has financial analysts scratching their heads. Nothing could have prepared them for this back in 2008.  

People naturally have all sorts of questions. “Are Bitcoins a risky investment?”, “Do governments recognise Bitcoins?” “How do I earn money with Bitcoins?” Among other such questions.Let’s take a step back to understand how it works though.  

In easiest terms, cryptocurrencies are a collection of computer codes that happen to have a certain monetary value. Furthermore, bitcoins are not issued by any International or Government institution; these currencies are completely unregulated and decentralized. 

The residents of Singapore have much to cheer about because their establishment does recognise bitcoins. It is a perfectly legal instrument, and the MAS plans to regulate businesses that operate with bitcoins.  Traders, however, would be taxed accordingly. The MAS also warns users of the potential risks that surround bitcoins, and rightly so. There are financial and security dangers that could result in losses. This  article aims to explain how could you can earn money with bitcoins.  

Bitcoin Exchange 

Relatively uncomplicated, a ‘Bitcoin Exchange’ works just like generic buying and selling works. The working is simple; you must purchase bitcoins, store them safely, and hope the value increases over time.    

How to Earn Money with Bitcoin Exchange 

You would first make a purchase. Singapore residents could make the purchase through the standard means: credit cards, debit cards, and bank transfers. In Singapore, there are several popular exchanges that you could choose from. The most popular ones are Coinbase, Coinmama, GDAX, and Luno among others. It is important to check the privacy and security levels of your account before you are done with the process. Additionally, it is essential that you store your bitcoins in a Bitcoin Wallet.

The exchanges offer their own, but for higher security, hardware wallets such as Ledger Nanos or TREZOR are preferred. Knowledge Requirements 

A basic understanding of bitcoins is imperative. Uses should also conduct thorough research of the available exchanges, and their offerings; and available wallets, and their offerings as well. The key here is to fortify your account in order to avoid security risks.  A better understanding of security aspects is essential to ensure your bitcoins are not stolen. For greater security, storing the bitcoins in a local hardware (cold storage) is the best way to move forward.   

CFD Trading 

CFD stands for ‘Contract for Difference’. Thus, CFD Trading is essentially ‘playing the market’, and only, bitcoin markets are excessively volatile. This means there are natural risks, and earning profits is uncertain.  

How to Earn Money with Bitcoin CFD Trading 

The concept of CFD Trading is build around speculating the rise or fall in the value of bitcoins. This method of earning money with bitcoin appeals to some because there is no question of owning bitcoins, and by extension, there is no question of safely securing bitcoins either. The agreement in place allows you to trade the difference in the value of bitcoins from the time of entering the contract to the time of contract termination.  

For example: let us assume the current valuation of bitcoin is $1000. The current buying and selling rates are $1005 and $995 respectively. The valuation to buy one contract equals 100 bitcoins. You predict a price rise and decide to speculate via CFD. Since the buying rate is $1005, you make a buy at that rate. The value of bitcoin surges by 50 pips.

Now, the value of buying and selling jumps, and rises to $1055 and $1045 respectively. You would make a sell at the selling rate of $1045, and in the process, pocketing the difference of 40 (Initial buy at $1005 and eventual sell at $1045). You just make $4000!  

The key takeaway here is that you need to be aware of how the market works to make accurate speculations. Inaccurate speculations result in losses.        

Knowledge Requirements 

Essential know-how of how the market works is the only prerequisite to successfully  of earn money with bitcoins through CFD Trading. This knowledge is essential because it gets you to make relatively accurate speculations, and as we’ve discussed earlier, inaccurate speculations endanger your chances.  

 

Bitcoin Mining 

Bitcoin Mining is the means to generate the currency itself. The bitcoins that you have mined also function the same way as the currency that you purchase through exchanges.  

 

How to Earn Money with Bitcoin Mining 

Additionally, the process of mining bitcoins is rather complex. The process involves using high power-consumption,  and sophisticated machinery. Your computer’s graphic card and processing power are capable of solving complex mathematical algorithms. These complex algorithms are essentially ‘Blocks’ that miners look to solve to extend the ‘chain’. The number of bitcoins that you mine heavily depends on the processing power of your hardware. Additionally, you also have the option of opting for a cloud-based bitcoin mining.  

 

Knowledge Requirements  

The key requisite here is the strength of your personal computer. Earlier, mining was done through the CPU itself. But these days, a graphic card (GPU) is preferrable instead. GPUs present a far brisker way of mining bitcoins. Certain experts think highly of the ATI HD 7950 cards. However, keep in mind, cards of higher quality come at a premium.  

There are other indirect ways to earn money with bitcoins. These methods include selling products and services that pay in bitcoins and, creating bitcoin-related websites that are informative nature. This is not far-fetched since these currencies work globally, and help us bypass the inconvenient process of currency conversion.  

Dealing with bitcoins has its own risks. If your security arrangements are not adequate, you risk the possibility that your bitcoins are stolen. Bitcoin market is very promising and there is no reason why you should not invest some of your surplus money, there is a fair chance that the investment you are making could pay rich dividends.    

 


Quick Credit Pte Ltd

Quick Credit Pte Ltd is the best money lender you will be able to find in Singapore. Anything cash related, we will be able to help you. Our well train loan consultants will be able to come up with a good loan package to help you clear off all your outstanding bills or debts. In doing so, you will help you keep better track of all your expenses and money. We have been a licensed money lender since 2002.

We have the skills, knowledge and people to assist you through the entire loan process while providing you with excellent advice.

In addition, we have one of the highest positive moneylender reviews among money lenders in Singapore. Furthermore, Quick Credit is also one of the few moneylender open on Sunday!

Interested in knowing more about how you can get a loan from us? You can drop us an email at enquiry@quickcredit.com.sg. Our manager will get back to you as soon as possible. Or you can drop us a message here and our manager will get back to you soon.

Alternatively you can call us at +65 6899 6188. Or visit our office at 2 Jurong East Street 21 #04-01A/B IMM Building Singapore 609601. The nearest MRT station to us will be Jurong East Station.

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