I am looking for a complete guide for stock trading in Taiwan. Also, I would like your opinion on whether this can be a good source of income or not.
Taiwan same as anywhere else, buy low and sell high. Problem is the due diligence is a full time job.
No.
But I suppose it depends on how much you are starting out with.
Thank you for your answers. But, I would still like to try since I have seen people make good profit. I am wondering if there is any online groups who discuss these topics.
Tons and tons and tons and tons. You looking for something solid and basic, or looking to go crazy? ;D
A good place to start would be the people you have seen make good profit.
Textbook definition of survivorship bias.
So you can be like many Taiwanese who constantly watches the phone at their stocksâŚ
Yes due diligence will be a full time job. You can either put away some in big, stable stocks like TSMC, or someone too big to fail, but you wonât get much short term returns, however it does seem more like a âset and forgetâ kind of thing. Index funds seems to be in this category.
Or you can invest in startups and spend your days researching and reading to figure out if this one isnât going to tank and go to zero or bankrupt. You can earn huge returns, but you will also lose big.
Yes, investing has the potential to be a good source of income. But there is risk as well. A good place to start is to educate yourself. There are lots of terminologies and terms associated with investing. Study and equip yourself with knowledge. Then open a brokerage account. Depending on your country, you can open an account on etoro or interactive brokers where you can âplayâ invest without capital, as part of your training.
If you want to invest in Taiwan, you need to open a local brokerage account. But be aware, the process and the app to invest is all in Chinese.
Good luck!
Just buy shares of 縞ĺŞčĄ and reinvest the dividends. This is what the Taiwanese I know who make money on stocks long term do. Everybody else seems to lose money.
If youâre truly serious, start here:
https://www.amazon.com/Security-Analysis-Seventh-Principles-Techniques/dp/1264932405
âŚand re-read it every year once you start trading.
After 10 years or so youâll have seen enough to understand the basics of a full market cycle and all the market-maker chicanery that goes on behind the scenes and start to make back what you lost learning lessons along the way.
If not fluent in reading Chinese, I would recommend to stick to stocks that have ADRâs in US to at least get more data, info etc. easier accessible (like reading up about TSM, before buying TSMC here)
Thanks everyone for your reply. Seems like I have to do a lot of studies.