When I first started out on my buying stock, I search all over the internet for information on how to purchase a stock. But there wasn't much info out there(Trust me, I still haven't found any yet).





So here is a step by step guide on how to purchase a stock on DBS VICKERS(Apologies for not showing how to link the brokerage to CDP, but I have absolutely no way to replicate those step, you can comment below if you need any help though)



*P.S You can also skip this guide and contact your broker to guide you through step by step!



* *As of 2020 ,new DBS Vickers Account do not need to topup your DBS Vickers Cash Account as new account holders will have their own eMCA Account linked to their DBS Vickers Account and all the funds in the eMCA account can automatically be used for DBS Vickers Cash Upfront when you login from your iBanking and select DBS Vickers.Hence you can skip to step 2









Step 1)Transfer money into your DBS Vickers account





How much to transfer?

Well, it depends on how much your budget to purchase those stock and whether you have enough in your bank(laugh)

Currently, the brokerage fee for DBS cash upfront account is 0.12%, or min SGD10 whichever is higher

Hence, the amount one should invest to maximize brokerage fee is $8,333.33

0.12%/100=0.0012



10/0.0012=$8,333.33



The maxmimum amount that one should invest in each trade should be not more than $8,333.33

SCB charges 0.2% or minimum $10

FSM charges 0.08% or minimum $10

if you are investing up to $5,000, you can either use DBS Vickers or SCB or FSM.

If you are investing above $5,000 and up to $8,333.34, use either DBS Vickers Cash Upfront or FSM.

If you are investing above $8,888.34, use FSM.

***Note: You can invest in any amount you like it need not be $8,333.33, in my personal case I use either $3000 or $5000 So you have decided the amount? What's next?

Transfer the money, of course! 1. Go to the investing tab in your DBS banking website and click on more investment services(black circle)









2. You will reach this page





3.Scroll down and select Top up cash to DBS Vickers account(Red circle)













4.You will Probably be asked to enter your sms 6 digit pin number at this time





5.After entering the your sms 6 digit pin number,you will arrive at this page





6.Scroll down and enter the amount you would like to transfer to your dbs vicker cash upfront account(e.g $1000),*take note it is an immediate transfer





7. You will be asked to verify the amount, click the submit button









8. After clicking the submit button, you will be shown the below screen









Step two)Time to buy some stock!





9. Go to the invest tab and click DBS Vickers online trading(Black circle)









10. You will be brought to this page, click the next button(Red circle)









11.Welcome to DBS Vickers! On the right side, you will see the drop down option to switch between the cash account and cash upfront account, the cash upfront account should reflect the amount you just deposited





12)The cash upfront buying power showed how much I have transferred into DBS Vickers, which in my case is $1000









13)Go to the trade tab and click place order(Blue circle)









14)You will be brought to the place order page, scroll down to the place order part









15)Start by entering the stock code that you would like to purchase(google for the company stock code if you are unsure)









This post is getting a little too long, I never really like long post, so I am going to continue this at my next post after explaining the various term





*Take note, this is different from the other STI ETF that you purchase with POSB invest saver(For more information about the difference between the two ETF, read here) So, in my case I enter in the code: ES3(STI ETF)





The terms are taken from this post , a while back,some important terms are...





Last

Last action-how much was this share bought or sold for

Bid

Bid-how much someone is willing to pay for the share Ask Ask is the price a seller is willing to sell the share Bid Vol Bid volume is buying volume because it has the potential to move the price up,in the above case it mean someone is buying 74900 shares at 3.095 Ask Vol Ask vol is selling volume because it has the potential to move the price down,in this case it mean someone is selling 2000 shares at 3.100 When a market is experiencing more buying volume than selling volume, it means that there are more traders buying at the ask price, which has a tendency to push the price up. *As taken from here When a market is experiencing more selling volume than buying volume, it means that there are more traders selling at the bid price, which has a tendency to push the price down. Chg or change

For a stock or bond quote, change is the difference between the current price and the last trade of the previous day High Today highest price for the stock so far Low

Today lowest price for the stock so far



