Sunday, January 13, 2008

Holiday Jobs

Well before you got money to invest you need to earn it!

It is rather common to see O and A level School leavers having holiday jobs.

TIPS FOR FINDING HOLIDAY EMPLOYMENT

Holiday work gets you a lot more than money. Sure, it can boost your long-term savings and increase your purchasing power. At the same time, though, it can help you learn about professional fields or the family business, and give you a sense of what employers expect from their employees. It gives you a taste of the working world and the qualities it takes to be successful there. A summer job can even get you more respect from your parents, because it can show them that you are becoming responsible and more adult.

What kind of job do you want?As you look for a summer job, consider what you want from employment. Some teens may want to get the most income they can, while others want to use the time to have fun or to explore potential careers. If you're looking to make top dollar, research the highest-paying summer jobs via word of mouth or the Internet. Remember, too, that the jobs that pay particularly well may not be the most fun or interesting.

Want to explore a particular profession? Although you won't be able to practice medicine or write laws, a summer job with a doctor or lawyer may give you the opportunity to get a better picture of what it takes to do the job. You should remember that summer jobs usually involve more basic work. For example, you might get to clean cages for a veterinarian or be a congressional page. If you love the field, great - but even if you hate it, you've learned something, too.

Where should you look?Getting a job with your parents may be relatively easy, but getting a job outside your family can take some work. You may find jobs advertised in the local paper, but many positions - summer and otherwise - are found through word of mouth. Tell other adults and kids that you're looking for a job. Talk with your parents' friends and call or write to local businesses in your field of interest. Explain that you're interested in their industry and looking for a summer job. Ask if they might have a place for you.

Have a resume ready to send, if the answer is favorable. A resume that lists your previous experience, grades and interests can also help to get you noticed. Make sure you have proofread your resume carefully. Either in bookstores, your local library or the Internet, there are many resources available to help you understand and craft an outstanding resume and cover letter.

Wednesday, December 19, 2007

Step by step guide to start investing

It is never too early to start to learn investing. Even if you got no capital !
Well if you are a student I advised you to join an investment club to learn more. Investing is an art. Well you may say it's difficult since even old gurus sometimes make investment mistakes !
Haha.

Did you know that investing has been around for over 200 years? In 1792, twenty-four men entered a room and signed a paper that said they would sell parts of companies among themselves and others. The parts of the companies were sold in the form of stocks. This marked the beginning of the stock market.

Although times have changed greatly in the last 200 years, the ideas of investing have basically remained the same. People still buy and sell stocks, bonds, and mutual funds.

This is why you should learn more about investment.Ok. Supposed you are a working adult or got some small income or savings, you can start investing now. The most common type is stocks.
Stocks are listed on SGX are mostly local stocks. Of course there are Dow Jones ,NASDAQ
but i recommend starters to invest locally first.

Steps:
1) Go to Central Depository Pte Ltd at SGX Centre to open a CDP account.(This account will be used to formally hold your shares)
2) Go to any stockbroking firm to open an account to facilitate your trading. (They are sort of like the middleman between you and SGX. *Note that you cannot trade securities directly through your CDP account)
(Some broking firms provide CDP application forms so you only go one place)

Bring along the following documents :* Identification card* Bank account number* CPF investment account number (if applicable)* CDP account number (if applicable)

Well in today's age, most IT-Savvy young folks use online trading for lower commissions and more research reports!

The following brokerage firms offer online trading facilities.
KimEng
DBSVickers
UOB KayHian
DMG
Lim&Tan
PhilipsCapital
CIMB GK
iOCBC
FraserDirect
Westcomb Financial

Young Singapore Investor Blog Founded


Hi my name is Leon. I am currently a full-time undergraduate in Singapore. I am a member of an Investment Club in my university.

The purpose of this blog is to share some best investing ,saving tips to young singaporeans.
Currently, it is difficult to find websites on good money habits to young asians and Singaporeans. Mostly are for US people. This is why this blog is founded !

This blog provides some tips on money-management for young Singaporeans especially tertiary students who do not have a monthly salary.


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