We consider ourselves blessed to be currently living and trading in Singapore. Why? Because Singapore is one of the few markets in the world that allows trading on contra. If you buy a stock through your broker in London or New York, you have to have the capital to pay the full purchase price two or three days after delivery. In Singapore, provided you sell the stock by the end of T+3, i.e. three days after purchase, you only have to settle the difference between buying and selling prices plus buy/sell commission. This allows amazing leverage for little capital down, and it also enforces a very rigorous discipline in stock selection and management, because you only have three days to secure your profit. Add to that the fact that capital gains on stocks are not taxable in Singapore, and you have investment heaven. So come trade the Singapore market, the SGX!
Copyright © 2011 Mick Brooks