How to Invest in Stocks in Singapore: A Step-by-Step Guide for Beginners
Investing in stocks is one of the important components of growing your wealth. However, you must have good knowledge of the stock market and know how to grow your passive income. You can invest in stocks only when you have: • Paid off your high-interest debts • Stock investment knowledge and guidance • Spare cash or investing horizon for the coming 5 years • Have term insurance or life insurance coverage • Performed your due diligence If you check all the aforementioned points, you are ready to invest in stocks in Singapore. Now, if you’re thinking about how to invest in stocks in Singapore , this step-by-step guide will help you get started as a beginner in the stock market and make more profitable investment decisions. Step 1: Set Your Financial Goal When you have a goal in your mind, it becomes easy to decide how much money you must save in order to invest in stocks. You need to set your financial goal and get your personal finances in order before you head to the next step. Step 2