Read? Trinity of Investing???
One day, one young colleague came to me and said he wanted to learn investing from me (Uncle8888 doesn't even know him. Not sure who in the office asked him to look for me)
Uncle8888: "Do you have $30K?"
Young man: "No."
Uncle8888: "Save up to $30K first."
Young man walked away. He should be disappointed. Right?
The Game Plan will change in 2015
To improve retail investors’ access to a broader range of listed securities, particularly blue-chip stocks, SGX will also reduce the board lot size for securities listed on SGX from the existing 1,000 shares to 100 shares in January 2015. SGX will announce details of this initiative by end August 2014.
Read? Retail investors to get access to wider range of stocks
Money not enough?
No worry!
From Jan 2015, expensive Blue Chips will become affordable. You too can become Blue Chips Di Di.
Uncle8888 just realized something!
Now Uncle8888 cannot brush them off by saying you have $30K or not?
1,000 shares lot = $30K
100 shares lot = $3K
$3K many young investors will have. Right?
Cham liao!
Posts
Why must have 30K? Buying Jardines group? :D
ReplyDeleteJG highly unaffordable to small boys.
DeleteWith $30K can help to diversify a bit and avoid cornering into buying penny stocks.
Hi Bro8888,
ReplyDeleteI think 30k is still relevant. It shows that the person can do the basics right first. If that person can't even accumulate 30k, how to have the discipline and patience to fish bigger rewards from the market?
Good one!
DeleteOn saving discipline and patience test.
Foundation of good long-term investor
:-)
No money should be in the stock markets until all your basic needs are taken care off. In other words only money you can afford not to touch for 3 years to 5 years. Investing in the stock market is a mid to long-term venture.
ReplyDeleteOpps! Unless you are into very short-term trading. Still, it's money you can afford to lose.
ReplyDelete