Buy General Motors shares in Singapore
With the development of new technologies, investing via the internet is becoming increasingly popular around the world. Buying shares in large companies is now a viable alternative to standard methods such as bank deposits or savings accounts to save money and raise funds. Internet investing is quite different to investing offline. Today, you don't have to visit bank branches, stock exchanges or offices of companies in whose shares you intend to invest your capital. You no longer have to adjust to your broker's schedule. Innovative online investing programs allow you to make complex transactions from the comfort of your own home. Now you can buy stocks, sell them, withdraw cash and monitor stock market charts from the comfort of your favorite home chair. All you need is a laptop (or mobile phone), Internet access and a minimum starting amount of $10!
You do not have to live in New York or London to have access to the exchange.
Even if you live in the remotest province of Singapore, you can have full access to all investment transactions.
The topic of the following review is General Motors stock investment options in Singapore.
General Motors Company
General Motors Company (GMC or simply GM) is an American company that manufactures cars, trucks and engines. It was founded in 1908 as General Motors Corporation and was restructured under its current name in 2009. It is headquartered in Detroit, Michigan.
For most of the 20th century, GM was recognised as the world's leading car manufacturer, with Chevrolet being considered the best-selling brand of the century. At the same time, brands such as Buick, Cadillac, GMC Truck, Pontiac (closed in 2008), Oldsmobile (closed in 2004), Saturn (closed in 2010) and Hummer (closed in 2010). General Motors' expansion reached other parts of the world, such as the European continent (where it owned Opel, Vauxhall and Saab, the latter sold to the Spyker consortium in 2010), Asia (GM Daewoo of Korea and Subaru of Japan, the latter sold to Toyota) and Oceanic (Holden of Australia dissolved in 2020). After several years at the helm of the global automotive industry, it lost its leadership position in 2009 in a severe crisis that led to corporate bankruptcy. The restructuring led to the spin-off of several of its firms, many of which were sold off and others directly deactivated, the latest of which was the sale of the Opel-Vauxhall holding to France's Groupe PSA in 2017.
The company came in third place behind Japan's Toyota and Germany's Volkswagen. This old leadership will finally be restored in 2011 after a severe recession in Japan as a result of a natural disaster, which will cause Toyota to lose its short-lived global leadership.
With a few exceptions, General Motors has been selling its models through several different brands. In 2005, the company sold 9.17 million vehicles of the following brands worldwide: Buick, Cadillac, Opel, GMC, GM Korea, Hummer (now dissolved), Oldsmobile (now dissolved), Pontiac (now dissolved), Saab (sold to Spyker to form Saab Spyker Automobile), Saturn (now dissolved), Holden (now dissolved) and Chevrolet.
The company reported Q4 2020 net income of $6 billion. As of the date of this writing, GM's share price is $57.53, up 161.84% over the past year.
How to invest in General Motors shares in Singapore?
The main trading venue for this issuer is the New York Stock Exchange. On the NYSE, they can be found under the ticker GM.
General Motors shares are also traded on other exchanges Hamburg, Frankfurt, Berlin, Munich, Hanover, London and other European stock exchanges.
To be able to buy General Motors stock in Singapore, you need to find a broker who works with the stock exchanges mentioned above in Singapore.
The broker must be licensed to provide brokerage services and provide access to an online investment trading platform.
General Motors pays a dividend of 4.5-5% per annum to its shareholders.
The dividend method of investing is most often suitable for investors who have a fairly large investment capital and do not seek short-term profits. Dividend payments, their size and frequency vary from company to company, depending on the decision of the general meeting of shareholders. A company can suspend dividends and use its profits for the development of the company if there are horizons for development that require maximum investment.
Of course, force majeure circumstances, such as a company becoming unprofitable at the end of the reporting period or going into bankruptcy.
Dividend investing can rightly be considered a passive income option in the future because it does not involve your active participation in the market. Having analysed the company's operations and financial performance and decided to invest in it, you don't need to monitor stock quotations hourly.
Trading derivatives such as CFDs is another matter. This type of investment also requires active participation in the market because you can only trade CFDs for a few seconds.
What is a CFD? CFD is short for Contract for Difference. A CFD derivative is a financial instrument that enables you to speculate in the financial markets without actually purchasing the underlying assets.
When you trade a CFD, you do not buy the shares, currencies or commodities you are speculating on. What you are trading is the right to participate in price movements without having to own anything. As far as profits and losses are concerned, trading CFDs works just like regular stock exchange trading. If the price goes up, your CFD go up in value; if the price goes down, your CFD go down in value. CFD is considered a derivative product because you have the ability to speculate in the financial markets without actually owning the underlying product. In fact, you have a contract that gives you the same result of both rising and falling prices. The advantage of trading CFDs is that you have the opportunity to speculate on both increases and decreases in the price of the underlying asset. Speculating on falling prices is traditionally referred to as "short selling".
One of the advantages of trading CFDs is that you can use leverage. This means that a profit (but also a loss) can be much greater than for conventional stock trading.
Here, it is worth bearing in mind that statistics show that about 78-79% of leveraged trades end up badly for the trader. So don't rush into using the multiplier feature unless you have sufficient experience.
How to buy General Motors shares in Singapore?
So, if you have already chosen a reliable broker and decided on the type of investment you want to make, you will have to register on their online trading platform, which you will actually use to make all your transactions.
To register, you need to open the official website of the online trading platform that you want to use. You must then click on the "Register" button. A new page will open where you will need to enter your details, including your email address, phone number or password. After entering your details in the next step, you will receive a confirmation email to your registered email address. Open the email and click the activation link to confirm your newly created account.
It is advisable to start with the free demo version, so you can test the platform and get a better understanding of it. The platform offers a demo account (free), which includes $10,000 of virtual money. There is no limit to how long you can use it, it offers the opportunity to try out different trading strategies and familiarise yourself with them before you invest real money. Also, if you run out of money, you can replace it and continue learning. A demo account is functionally no different from a live account, so using it will give you plenty of practice with the platform, as well as testing your calculations and skills. The only difference is the dummy money that you will not be able to withdraw from your demo account. But the fact that the money is fictitious means that you won't risk losing money when you get to know the platform.
To start trading on the platform, you must activate a live account by depositing $10 or more. There are several options for funding your account, including credit card, debit card, bank transfer, e-wallets and bitcoins. These will vary from platform to platform, so you should ensure that the broker you choose has the payment systems you need. Generally, when using payment systems, funds are immediately credited to the platform's accounts, whereas when using a bank card, the crediting period can be up to five banking days in some cases.
Withdrawals can be made using the same payment system you deposited your funds with. For withdrawals you will have to go through an additional security check procedure, designed by the system to secure your trades. Follow the instructions sent to you by the system and transfer the funds without leaving your property.The minimum withdrawal amount is only $2.
Is it worthwhile to invest in General Motors stock in Singapore?
Today's economy is very volatile and life is quite dynamic. To understand the patterns in the market, you need to follow the political situation in the country, the economic processes in the country, and the economic and political situation in the world as a whole. You should also understand if the product or service of the company you are investing in is in demand. Whether or not that company will have growth and development.
If you consider General Motors, the prospects for its further development are obvious. Despite some difficulties in the early 2020s when the company declared bankruptcy, as well as a significant deterioration in the financial condition of the company in 2020, when General Motors recalled more than 6 million cars due to scandalous airbags, GM has managed to survive and maintain its position as one of the leaders in the global automotive industry.
GM is delighted with new models of cars. At the end of 2021, GM plans to create a new group of e-pickups and other types of vehicles, including SUVs, at its Detroit plant. There was also talk that the automaker is considering assigning the long-standing Hummer brand to some of these vehicles. The automaker will unveil its first electric SUV based on the legendary Hummer model on May 20, which will go on sale in early 2022.
General Motors has also unveiled the new 2022 Cadillac CT4-V Blackwing and 2022 Cadillac CT5-V Blackwing sedans. The cars are expected to start arriving at dealers as early as summer.
In addition, Chevrolet, the car brand produced by General Motors Corporation, is planning to produce an electric car with a range of 644 km on a single charge. According to media reports, production of the electric car is due to start in late 2022 at a plant in the American city of Detroit.
If Chevrolet's electric car can really go 644 km on a single charge, it will become a competitor to Ilon Musk's Tesla's 2020 Long-Range Plus Model S.The car itself will be available in 2023.
Not too long ago, General Motors announced its intention to phase out petrol and diesel-powered passenger cars and sports cars by 2035 in favour of electric cars.
As we can see the company demonstrates positive dynamics in development and investment market experts forecast further growth of GM shares value.
By the date of this review, GM stock was trading at $57.53, up 161.84% YoY.
We consider investing in GM stock in Singapore a good decision.