Lesson Summary

In the first session, it is advised that each individual should have three accounts for diversification purposes. One account should serve a specific purpose. For beginners, initially, one account may suffice, but the recommendation is to eventually open three. The suggested accounts are:

• Moomoo: A user-friendly option for Singaporeans, allowing direct bank transfers without international wiring.
• Firstrade: Ideal for options trading due to its low commission fees, making it the best option for this advanced technique.
• Charles Schwab: Considered the longest and safest broker in the United States, trusted by investors like Mary Buffett.

Key points on the recommended accounts include:

• Firstrade offers the best commission fees with zero charges on trades.
• Charles Schwab and Moomoo have no commission fees for buying or selling shares.

For Singaporean investors looking for safety or those preferring not to rely on Chinese platforms, Charles Schwab would be the preferred choice. Links to open these accounts will be provided for the convenience of investors.