As mentioned in my previous posts, I am now diversifying out to foreign stocks via Tiger Brokers.
- My beginner's guide to setting up Tiger Brokers
- Tiger Brokers National Day Promo and virgin purchase of foreign stocks
- Pumping SGD$28k in HKEX and SGX the past 10 days and Fee comparison between DBS Vickers and Tiger Brokers
Within 1-2 months of account opening, I had pumped in SGD$40k in HK, US and local stocks. As I mentioned in my previous post, there are some merits of using Tiger Brokers to buy SG stocks due to the lower fees - the only thing is it's not stored in my CDP, which I'm fine with.
On HK stocks, within just 1 week of my purchase (yup, I pumped money within a span of 2 days), the value has fallen and I'm sitting on ~SGD$3k losses.
USD110 profit from Tesla in 5 days
For US stocks, the volatility of their market makes trading exciting and scary. When I bought Tesla at $395, it went down to $340. And the following day, it rose up to $428. I wanted to test out how it's like to sell stocks, and it was easy. The only problem was, I didn't manage to sell at the profit I wanted 😔
The profit is now sitting in my account waiting for my next purchases.
I'm not advocating any stocks to buy as I'm only a novice. I'm sure people would have gotten an even better profit from their trades, but at least I'm starting somewhere....
Rethinking my financial strategy
Standing by $100k for stocks deployment
If you are keen to use Tiger Brokers and you'd like to receive stock vouchers to offset your stocks purchases, kindly use my referral link (click link) and/or enter code (SBSL8) or scan the QR code to sign up😊I will receive stock vouchers depending on how much you have topped up for your first deposit.
As of today (30 Sep 2020), a top up of $30,000 (instead of $30,001 previously) will grant you a $100 stock voucher to offset your purchase. Do note that the stock voucher is only given for the FIRST top-up. So you may want to think carefully how much first deposit you'd like to put in.
You may wish to read link on how to set up: