There’s no denying that investing can be a crucial part of ensuring your financial stability, especially in these uncertain times. In addition to it being an accessible way to make your money work for you, it can help to provide a nest egg for retirement. But what if you’re not sure how to invest in Singapore, or where to get started? For one thing, you’ll need an understanding of what investments are right for your needs and the right stocks to buy now. This is where investment brokers like Phillip Nova come in. This trusted company has over 40 years of experience in the Singapore market, and a global presence too.
In addition to providing digital platforms to trade on, Phillip Nova offers webinars and one-to-one coaching sessions that help you make the most of your investments. Before diving into your first investment, however, it’s important to figure out what kind of investor you are.
What type of investor are you? 4 different types
#1 Cautious Investor
If you’re new to stocks and want to learn how to invest in Singapore, this is an ideal way to start. Although returns are lower for cautious investors, risks are minimised as far as possible. This style of investing can help give you the confidence for higher risk investments with greater returns.
Recommended products: Money Market Fund ETFs, Gold ETFs
#2 Steady Investor
Steady investing is a natural next step for the cautious investor. If you’re a steady investor, you look for long-term growth and are able to accept low risks resulting in steady returns in the future.
Recommended products: ETFs, Stocks
#3 Advanced Investor
Taking a middle ground between the steady investor and the aggressive investor, advanced investors are comfortable with moderate risks. Being a bit more financially savvy, they tend to keep a close eye on entry prices and price targets. They look for high returns in short to medium term positions.
Recommended products: Stocks, CFD, Forex
#4 Aggressive Investor/Speculator
Aggressive investors and speculators are enthusiastic about following stock trends. They also tend to monitor the market closely to identify potential opportunities to maximise the returns for higher-risk endeavours. They are typically financially savvy and hold short-term positions because they know just what stocks to buy now.
Recommended products: Forex, CFD, Commodities, Index Futures
Phillip Nova offers free educational resources
Financial literacy is an important part of any investment journey. To that end, Phillip Nova offers free webinars on various topics along with one-to-one coaching sessions to teach you how to invest in Singapore. These educational webinars will give investment newcomers a basic understanding of investing. There are also advanced courses for seasoned investors that offer outlooks and advice on what stocks to buy now. View their upcoming free webinars here and arrange for a one-to-one coaching session here.
40th anniversary promotion information
To commemorate Phillip Nova’s 40 year anniversary, the broker is offering an attractive selection of electronics, digital subscriptions, fine dining vouchers and travel products as welcome gifts to new customers. The prize in May is a set of Apple AirPods (3rd Generation). For more information, click here.
About Phillip Nova
Phillip Nova (formerly known as Phillip Futures) was founded in 1983 as a member of PhillipCapital Group and is one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT). The group has since grown to become one of the region’s top brokerages for the trading of stocks, CFD, forex, global futures and commodities. Recent award wins by Phillip Nova include the Best Non Bank FCM by FOW in 2014 and 2016, Most Preferred Forex Broker at the ShareInvestor Awards 2018, Top 5 SGX-DT Member Award 2019, and SGX SICOM Top Rubber Clearing Member in 2019 to 2023.
The Group has clearing memberships in 21 global exchanges. These include APEX, BMD, CME Group exchanges, DGCX, HKEX, ICDX, ICE Singapore, JPX Group exchanges, NSE, TFEX, TOCOM and SGX Group exchanges.
Written in collaboration with Phillip Nova.
