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?

Discussion (20)

What are your thoughts?

V

Victor

26 May 2021

Level 8·Financial Service Consultant at AIA

KY

Kar Yee

21 Apr 2021

Level 2·Chemistry and Biological Chemistry at Nanyang Technological University

If you're not exactly sure what you're buying, I would suggest to read up first starting from the basics and decide on the level of risk you are comfortable in taking. As what other commented, buying DBS shares alone exposes you to more risk, so an index fund/ETF would be more ideal :)

As you are still young and needs time to build up knowledge while staying invested, you should look at Stashaway or EndowUs as both would enable you to invest in a diverse portfolio with any amount of capital while you build up your knowledge until the time you can do better than them; you can then do it yourself.

Read a lot

be careful with finance professional advizors

do not buy single stocks or unit trusts but globally diversified passive stock indexing ETFs

https://seedly.sg/questions/what-is-your-genera...

Instead of heading into stocks directly which will required you some basic analysi. I will suggest y...

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