facebookAs my parents aren't keen to receive any money from me, I have decided to use the money to invest in dividend generating stocks (buy and hold) for them, any advice on how I can go about doing so? - Seedly
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Anonymous

21d ago

As my parents aren't keen to receive any money from me, I have decided to use the money to invest in dividend generating stocks (buy and hold) for them, any advice on how I can go about doing so?

As my parents aren't keen to receive any money from me, I have decided to use the money to invest in dividend generating stocks (buy and hold) for them, any advice on how I can go about doing so?

or if this is a right move at all. Thanks much.

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    What are your thoughts?

    Might as well contribute to their cpf, 4% guranteed, tax-relief for you too

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      Hi anon,

      in terms of dividend generating stocks to hold for the long term, I'd definitely look at OCBC, UOB and DBS.

      REITs are also excellent for dividends and are stable, perfect if you are buying them for your parents. You can either pick your own REITs or just opt for a REIT ETF for simplicity and convenience. There are many useful articles here on Seedly.

      Other blue chips such as Haw Par are great options as well to diversify your portfolio.

      To summarise, choose great businesses paying decent dividends. This will mean that they are able to sustain paying dividends for a long time. Hope this helps!

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        If Max growth is your pirority with no dividend. I would go for the irish domiciled broad based ETF ...

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