facebookI’m a recent graduate of a local Uni, and while my pay isn’t as high, I would like to get some advice on how to structure a portfolio for such as bank accounts, investments etc. to get dividends? - Seedly

Advertisement

Anonymous

02 Feb 2020

Random

I’m a recent graduate of a local Uni, and while my pay isn’t as high, I would like to get some advice on how to structure a portfolio for such as bank accounts, investments etc. to get dividends?

Targeting the passive income/dividends. I’m 25 this year. Can someone give me a brief idea of where to go or where I can go to get detailed info, or recommend any experts to talk to? No “financial advisors” agents please.

Discussion (9)

What are your thoughts?

Learn how to style your text

Lim Boon Tat

Lim Boon Tat

02 Feb 2020

Mathematics at Cambridge University

Hey! Education is the best investment, especially if you're starting late. There's tons of FIRE blogs are there, but if you're like most heartlanders in Singapore, with at least a 30 minute commute in the morning, i would suggest downloading the app Libby, where you can borrow ebooks from the National Library very user-friendly interface (wayyy better than the previous method of using Overdrive).

My top recommendation is the following book available as an ebook via Libby

Financial Freedom: A Proven Path To All The Money You Will Ever Need by Grant Sabatier. My personal review is that this book covers 95% of everything you need, including how to ask for a raise, how to start a side hustle, how to invest etc. If you need a great starting point, i think this is it. This was written by the blogger of millenialmoney.com and he also has a fairly informative podcast. Go check those out as well.

I guess i will end with: for almost anything, the best time to start was yesterday. But the next best time is today. And you dont have to start perfect, or start 100%, you just have to start. And i think the above book will give you more than sufficient strategies/tactics to get started in 90% the right direction.

Best of your luck.

Arpita Mukherjee

Arpita Mukherjee

31 Oct 2019

Community Evangelist at Kristal.AI

Hi Anon,

Building a successful portfolio requires a lot of thinking through and you must analyse each and every one of your investments rigorously before you start investing. As someone new to investing, you might find this process daunting, which is why it is more beneficial to build your investment portfolio slowly over time, rather than rushing into making a ton of investments quickly. Allow yourself the time and space to grow and learn before diversifying or rebalancing anything. Of course, if your advisor tells you to do something specific, you should certainly take that into consideration too!

Here's something more elaborate.

I work at kristal.AI, and my mojo is to help people make the right financial decisions.

If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.

Luke Ho

Luke Ho

07 Jun 2019

Founder and Director at CFX Money Maverick Pte Ltd

Wow. What do you have against Financial Advisors? It's literally my job to be an expert on the entir...

Read 4 other comments with a Seedly account

You will also enjoy exclusive benefits and get access to members only features.

Sign up or login with an email here

Write your thoughts

Advertisement