facebookI’m a 25 year old and I just started working. I have 12k saved and plan to save 1K per month. I have no knowledge about investments and I been reading on this site. Would you advise that I buy DBS shares and keep for dividends? - Seedly

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          Anonymous

          26 May 2021

          General Investing

          I’m a 25 year old and I just started working. I have 12k saved and plan to save 1K per month. I have no knowledge about investments and I been reading on this site. Would you advise that I buy DBS shares and keep for dividends?

          I’m not sure how they give them out and the fees involved in stock purchasing. Or would you suggest I go into RSP?

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              Discussion (20)

              What are your thoughts?

              There was an article somewhere on seedly about this guy who only bought HSBC shares. In 2020, his plan went up in flames as his capital went downhill, and dividends got cut.

              I would avoid concentrating on one position as that will leave you open to concentration risk. Instead, rsp into an index fund/bond mix if you are risk-averse.

              https://www.ejinsight.com/eji/article/id/149833... ​​​

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                  Go to libbyapp.com and login via your NLB account, and go borrow as many personal finance / value investing books. Borrow books that are written from a practictioner perspective. Can start with beginer friendly:

                  The Five Rules for Successful Stock Investing by Pat Dorsey

                  The Ultimate Dividend Playbook: Income, Insight, and Independence for Today's Investor, Josh Peters

                  If books are not your cup of tea, there are a couple good US financial youtubers to follow

                  Graham Stephan: https://www.youtube.com/channel/UCV6KDgJskWaEck...

                  PPCIAN: https://www.youtube.com/channel/UCXtrYuGksGkkyl...

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                      I would suggest that if you do not know much about investments, avoid individual stocks and learn mo...

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