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Saving money in your bank account is only the beginning of your wealth accumulation journey. However, with bank interest rates remaining low and oftentimes lower than the inflation rate, we have to find investments that generate higher returns higher to stay ahead of inflation. One common investments investors turn to are shares. Investing in shares has several advantages.
Dividends payouts can be expressed as simple dividends per share (DPS), or as a dividend rate. DPS simply states how much you will get per share (e.g. $0.40 per share), while the dividend rate is a percentage of the share’s nominal value. So a dividend rate of 5%, on 1,000 shares, priced at $0.80 each, would work out to: 5% x $0.80 x 1,000 shares = $40.
|Broker Name||Minimum Fees (SGD)||Contract Value Fees|
|Philips Securities (prepaid)||$10||0.12%|
|UOB KayHian (prepaid)||$10||0.12%|
|OCBC Securities (prepaid)||$18||0.18%|
|RHB Securities||$25||0.275% (for SGD50,000 and below)|
|DBS Vickers||$25||0.28% (for SGD50,000 and below)|
|Citibank||$28||0.25% (for SGD50,000 and below)|
|Broker Name||Minimum Fund (SGD)||Myinfo Linked Account|
|Philips Securities (prepaid)||$0||Yes|
|UOB KayHian (prepaid)||$0||No|
|OCBC Securities (prepaid)||$1000 (below 21 years old), $2000 (foreigners)||No|
|Company name||Share price (as of 19 May 2020)||Dividend yield|
|Singapore Airlines Ltd||$3.70||5.42%|
|Wilmar International Ltd||$3.86||2.61%|
Even though we have only one stock market (SGX) to buy SG stocks, there are over 700 companies listed. Choosing what to buy can be a hassle so before you start, there are some things you need to consider.
When you want to invest in SG stocks (or stocks in general), you will realise that there are so many different brokerages. Here are some factors to consider when choosing your investment brokerage.