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I am looking to build a passive income stream and am open to investing in stocks or other financial instruments so long it gives >4% annual yield.
I currently am sitting on a portfolio of SG REITS, blue chips and ETFs - Seeing that there may be diversification risk, what other stocks/instruments do you recommend I add to build on my dividend income? I have a small warchest to deploy and am adding into my current positions whenever i see an opening .
I did not invest in the following for the respective reasons:
US REITs - Unsure of how the market is like there, can't see it in person unlike SG REITs (don't invest in what you don't know/understand right?) Additionally, we will be subject to tax and estate taxes (in the unfortunate event that we pass).
SGS/SSB/TBills - Don't think it warrants over 4% yield as of now
Thank you all in advance!
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US Office REITs listed in SGX, Keppel Pacific seems interesting
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Don't just focus on yield if you are investing in stock. Look at the company's past performance and it's likeliness to sustain or increase its dividend in the future.
Not a recommendation but these are the counters that I have which I invest for income - HRnetGroup, Micro-Mechanics, Sheng Siong, The Hour Glass and Venture. I talked about them in a video made 2 months ago. https://youtu.be/2_g7A27maPo?si=84vXg22sAH1cHxLL
For your reference. Remember to dyodd.
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Dividend stocks - u need to buy stocks at low price that pay out high but stable . If u buy stocks at high price , u need alot money . People like AK74 all have high dividend income because when they bought their stocks, it was at low low price so they slowly accumulate and get big dividend.
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My friend who loves investing said that uSMART SG is very good, regulated by the Monetary Authority ...
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Whatever you do, don't buy us stocks for dividend. just not worth it. Explore hong kong. Similar tax haven