Many people believe incorrectly that the first step to investing on the stock market is to find a broker.
Many people regard themselves as investors but they are actually just trading or speculating in stocks.An investor aims to build wealth by amassing shares in good businesses.A speculator is like a trader without a trading plan who relies solely on luck.2. What are the investment objectives?Investors aim to protect or to increase the purchasing power of their money while earning a passive income stream from their portfolio.
There are 900+ stocks listed on Bursa Malaysia. How does one identify a good stock to invest in or a bad one to avoid? But instead of having the Singapore dollars in bank accounts or fixed deposits , stocks listed on the Singapore exchange would earn dividend income in Singapore dollars and grow wealth as the businesses of these stocks continue to grow over time. In summary the investment strategy is:Store wealth in Singapore dollars to protect against a fall in the value of the ringgit, if it happens.
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