facebookI understand the power of compound interest, especially if we reinvest any dividends earned. However I don't seem to see many options to opt for DRIP for small-scale retail investors. Any suggestions? - Seedly

Anonymous

10 Jun 2020

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General Investing

I understand the power of compound interest, especially if we reinvest any dividends earned. However I don't seem to see many options to opt for DRIP for small-scale retail investors. Any suggestions?

Currently using DBS Invest Saver and they don't allow for that option. I understand overseas stocks are able to provide that usually but the transactional costs are pretty high. Am wondering if there is anything similar to the scale of DBS Invest Saver in terms of the capital we need to put in monthly (DCA), while still able to opt for DRIP (where we don't get dividends in cash but have it auto re-invested)

Or just any tips on how to better utilise dividends received please! Thank you!

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