One of the most asked questions I get is, what tools am i using to invest. In this video, I’ll be sharing what brokers am I using to invest, how do I track my investments and where do I do my research. Enjoy!
► Interactive Brokers for best commission rates:
► Free Tiger Brokers stock vouchers:
► Binance.sg to get the best exchange rate: 35022204
► Binance.com to buy in USD
► Keep Bitcoin in BlockFI for high interest rate
► Discord chat:
0:00 – Intro
0:40 – What brokers I am using
For oversea stocks, I am using Interactive Brokers, because they have a low trading fee and they are able to access London Stock Exchange, which is useful for buying Ireland Domiciled ETFs.
For local stocks, I am using Standard Chartered. The reason I’m using Standard Chartered is because when i first started investing 3 years ago, there was no Tiger Brokers, and the cheapest was Standard Chartered at $10. But recently, Interactive Brokers started allowing Singaporeans to buy Singapore stocks. Therefore i’ll be moving my Singapore stocks to interactive brokers, because I already have most of my investments with them.
2:48 – How do I track my investments
For Singapore stocks, I’m using investingnote.com. It’s a Singapore based social stock trading platform. The reason I’m using it is because it’s able to track my capital gains and dividends separately. But the main reason is because it allows users to discuss stocks among themselves.
For oversea stocks, I am using an app called “My Stocks Portfolio & Widget”.
3:56 – How to learn about investing
Many people recommend reading investing books, but I do not recommend it, because the books mainly require some experience in investing to understand. Also, don’t go for investing courses. Unlike what many internet gurus claim, there’s no secret to investing. You don’t have to pay hundreds or thousands of dollars to learn stuff that’s free online.
Check out channels where I’m constantly learning from:
A trick I like to use when researching about stocks, is to research them in YouTube. That’s because I can either try to figure out the balance sheet, company future plans and all the boring stuff, or I’ll just search in YouTube, which is much easier. Most of the time, you will get really good analysis from many different YouTubers who are so much better than me at analyzing companies. A huge tip is to be neutral, and try to listen to supporters of the stock and critics of the stock so that you will get the picture from both sides.
6:19 – Where do I discuss about investing