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I've read that compound interest is powerful but i don't haven't found any platform that easily allows me to do that. I read in one article of scrip dividend and think this sounds like it will enable me to get compound interest. If yes then how would i do that as i already own some sick in OCBC in my CDP. And if other stock always this. I do far own Sheng shiong, DBS, Capitaland mall trust and OCBC. Is there others that allow me to practice compound interest? Thank you.
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The Scrip Dividend Scheme(SDS) allows shareholders to receive their dividends in the form of either cash (standard) or shares. However, the script dividend option is not available every time a dividend is declared. Shareholders will receive a form called a Notice of Election whenever the SDS is available for a dividend being declared.