How to Buy Singapore Stock
The Singapore economy and stock market are among of the fastest growing in the world. In the first half of 2010, the city-state had gross domestic product--GDP--growth of more than 30 percent. The strong growth has rallied the shares of Singapore stock. Singapore has its own currency and trading stocks directly is very difficult. Fortunately, U.S. investors have access to an exchange traded fund--ETF--that is exclusively invested in Singapore stocks.
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Instructions
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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.
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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."
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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.
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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.
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Tips & Warnings
Look at a stock price chart for EWS before investing. If the share price is in a down trend, wait for a bottom and up turn before buying shares.
The share prices of EWS has historically been very volatile. Timing of your share purchases could improve your investment returns.
It is possible to lose a significant portion of your money investing in single country ETFs like the iShares MSCI Singapore Index ETF. Do your own research and understand the risks before making any investment decision.
References
Resources
- Photo Credit Singapore image by Roy L. from Fotolia.com
