Wedding Plan - Step 1

Dearest and I started planning on our wedding around 2 weeks back. So recently we have been rather active in researching for all the wedding thingy~

And just 2 days ago, we have gotten our potential wedding dates from the Feng Shui master!

This is our 1st step towards planning for the wedding =)

We were given 3 dates, but we definitely preferred the earliest one.

So now, we can start working towards that date. 

Hopefully the venue that we want would still be available by the time we confirm. *pray

This whole planning for our wedding is rather challenging, as it consists a lot of comparisons, and each with their own complexity. 

Hopefully our efforts into all these research would help us to save some money for the wedding =)

Breakdown of fees involved in trading

So I emailed my broker the other day and he promptly called me to say that I will receive a mail on the breakdown of the fees involved. Save the trouble of me figuring it out 😁

Here's the breakdown!

Proceeds	$115.50
(1) Brokerage Amt	$25 (Min.)
(2) Clearing Fee	$0.03 (0.0325%)
(3) Misc Fee	$0
(4) SGX Trading Fee	$0.01 (0.0075%)
GST @ 7% for (1) to (4)	$1.75
Net Amt	$142.29

Jiayou to me on making investments!

My 1st experience of shares trading!

After setting up my SGX account and brokerage account with OCBC for more than half a year, I have finally made my first purchase of shares! >_< Although given by my age (of 29) it seems like a 'meh' kind of event, but I felt that it is quite a big step for me.

Recently I have been wanting to do a purchase as part of the list of things I want to accomplish this year. So on Thursday night I was going into my account and looking at just doing a simple purchase to understand the whole process of buying.

I'm not really literate in this area, but from what I have gathered, buying ETF stocks seemed to be a rather conservative and safe approach to familiarizing myself with the environment. So I went into my account, and took a look at what I think are the 2 prominent ETF stocks in Singapore.

1) SPDR Straits Times Index ETF (ES3.SI) @ 1.15
2) ABF Singapore Bond Index Fund (A35.SI) @ 3.00

I thought for a 1st purchase of trying it out, I would just buy the minimum number of shares at the minimum price. So I placed an order of 100 lots of STI ETF @ 1.15.

Some time on Friday, I received notifications that my purchase went through, and I have officially bought my 1st shares!

The total cost of the purchase was however a question. So today I logged into my OCBC account, and took a look at the amount to pay through the Electronic Payment for Shares (EPS). It was $142.29!

It came as a bit of a shock, but I recalled that there is a minimum sum of transaction fees involved. Determined to do a thorough breakdown of the fees, I did a quick search of all the transaction fees involved and see whether it worked out to be $142.29. But all the processing fees and brokerage commission didn't add up. My calculation showed that I should be paying more than $142.29. haha..

I guess I would just ask my broker for help on this.

It's one of the many first step.

Towards financial independence! Gambatte!