Showing posts with label ETF. Show all posts
Showing posts with label ETF. Show all posts
Monday, August 24, 2015
How to Buy Singapore Stock (4 Steps)
Open and deposit money into an online stock brokerage account if you do not already have one. If you have an account send in or set aside some money for your Singapore investment. To select a broker, a link to the 'Smart Money' magazine 2010 Broker Survey is provided in Resources.
Look up the current share price for the iShares MSCI Singapore Index ETF which has the stock symbol EWS. Use the quote screen of your online brokerage account, type in EWS, and select 'Get quote.'
Calculate the number of shares of EWS you want to buy. Divide your investment amount by the current EWS share price. Most brokers limit ETF trades to whole share purchases. Round your result to the nearest whole share.
Buy the shares of EWS using your brokerage account stock trade screen. You must enter the stock symbol 'EWS,' the number of shares you want to buy, select 'Buy to open,' and place the order. Your trade should be filled in a few seconds and the shares will show in your account summary.
Tuesday, August 18, 2015
How to Bet on the Stock Market
Learn about market behavior, financial and fundamental analysis, and technical analysis of trading charts. The more you know, the better your decisions will be, particularly in a fast-moving market. The North American Securities Administrators Association (NASAA) has a good online course in investing basics, and Investopedia has an introduction to technical analysis.
Practice your trading strategies using an online fantasy stock market. Read Investors Business Daily every day, and decide whether you want to buy, sell or wait for a better investing opportunity. Choose an ETF (exchange-traded fund) that interests you and fantasy trade that until you're ready to branch out into other stocks. Continue fantasy trading for at least three to six months. You are training yourself to react wisely to unexpected developments in the market and learning how the market moves in relation to economic indicators and company earnings reports.
Allocate only a small portion of your total trading account to your first few trades. Always keep a reserve in case you make a bad trading decision and take a substantial loss. As you make profits, take out and set aside your original investment amount in your trading reserve.
Control your risk by investing in mutual funds and ETFs, which give you maximum diversification for minimum investment. Diversification tends to protect against the risk of a single credit, or sector.
Use dollar cost averaging to avoid the risk of investing all your money at a market high. Invest a fixed amount at regular intervals in the same stock each time until you have established a full position. For most people, this means buying one or two different stocks, an ETF or a mutual fund. One of the best places to do this inexpensively is Sharebuilder.com. Investing a fixed amount at regular intervals in a variety of things does not achieve dollar cost averaging.
Friday, August 14, 2015
How to Invest in Nigerian Stock
Decide whether you want to invest in individual stocks, ETFs (exchange-traded funds) or other indices. It is advisable for beginners in overseas investing to start by studying the different indices in the markets they are considering. These indices mirror the stocks in those markets. Examples include the Dow Jones Africa Titans 50 Index (DJAFK) and the Market Vectors Africa ETF (AFK). See links in Resources below for more on African ETFs and indices.
Pick an online brokerage based on your decision in Step 1. Investing in indices and ETFs will allow you more brokerages to choose from than if you pursue trading in individual Nigerian stocks. There are many online brokerage firms to choose from. They normally charge a monthly fee and between $3 and $20 for individual trades. For a fixed monthly fee, some will allow you to make automatic monthly investments for a specified number of trades with no minimum amounts.
Open a brokerage account that allows you to trade in Nigerian stocks directly if that is what you plan to do. Some brokerages may require that you submit a separate application to buy overseas stocks. Euro Pacific, for example, allows you to trade in overseas stocks directly. See a link to Euro Pacific in Resources below.
Use a Nigerian stockbroker. Contact the stock brokerage firms in Nigeria and closely follow the Nigerian market. See a link in Resources below to the Nigerian stock exchange for contact information for brokerage firms (also called issuing houses) authorized to trade stock in Nigeria.
Open your brokerage account and link it to your funding account. This allows you transfer the funds needed to begin investing.
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