The local share market is hardly a hotbed of investor action these days, but it does serve as a useful springboard for first-timers looking to dip their toes into stock trading.
"From the perspective of a young person who is starting out to learn to invest, there is no better sandbox," notes Mr Lawrence Tan, content lead and lead trainer at the Institute for Financial Literacy. However, he adds that the market here is small and "a bit lacking" in dynamism, so investors will look for opportunities elsewhere as they become more experienced.
Stock markets in the US have been smashing records one after the other, so much so they have caught the eye of Singapore investors seeking higher returns.
Data from online brokerage Tiger Brokers shows that 89.5 per cent of its users in Singapore have been trading in US stocks in 2024.
Singapore remains the secondmost popular market for Tiger's clients, with 21.4 per cent of users dabbling in local equities, but this is down from 25.1 per cent in 2023.
Other online trading platforms are observing similar investment trends in US and Singapore stocks.
Mr Gavin Chia, chief executive of Moomoo Singapore, says investors here are increasingly allocating more funds into overseas markets, but keeping Singapore stocks as a "staple in their portfolio".
Moomoo Singapore's clients who made profits in the first half of 2024 allocated an average of 75 per cent of their equity portfolio to the US markets, and 20 per cent to Singapore stocks.
Denne historien er fra July 30, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 30, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Mbappe could be stripped of captaincy
PARIS France captain Kylian Mbappe is facing criticism in his home country for skipping Les Bleus' Nations League games against Israel and Belgium while being available to play for his club Real Madrid.
STEWING OVER 'WORST' DEFEAT
Spurs boss slams unacceptable second half’ at Brighton, conceding thrice in 18 minutes
CHRISTIAN IS ROOKIE CHAMP
S’pore driver heads to Eurocup-3’s final round with chance of being overall winner
TENNIS STARS PICK 'SECOND FAMILY'
New coaching partnerships help top players refresh, improve their games
Scepticism over Chinese stocks remains despite world-beating rally
Global fund managers waiting for Beijing to back up stimulus pledges with real money
US scientists win Nobel Prize in medicine for work on microRNA
Duo lauded for discovering new principle of gene regulation for multicellular organisms
Hurricane Milton strengthening as it heads towards Florida
FLORIDA Hurricane Milton is intensifying on its path towards Florida possibly reaching Category 4 power and may spark the largest evacuation in seven years as it aims for the state's Gulf Coast and Tampa.
Trump on the stump, Harris hits airwaves with race on razor's edge
US presidential candidates scramble for votes in 7 swing states vital to poll victory
China military drills expected soon after Taiwan national day
China is likely to launch military drills this week near Taiwan, using Taiwan President Lai Ching-te's upcoming national day speech as a pretext to pressure the island to accept its sovereignty claims, Taiwanese officials say.
Gaza war deadliest conflict for journalists: Observers
Israel refutes claim by advocacy group that it directly targeted 32 media workers