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Anonymous
Hello, I'm 19 this year and just started investing, I've put in roughly $2k SGD into my vickers account. I've diversified slightly into a few sectors but mainly REITs. I've also started a RSF, to buy NIKKO AM STI ETF.
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Rais M
09 Mar 2020
Accountant at SME
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You are still very young, you can accumulate the dividends into a larger amount before investing it.
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You could just wait, at this point no need to hurry. if you have invested more, the dividend sums will get bigger (and commissions bound to get to zero sometime ad in the U.S.) so then you will be able to advantageously reinvest
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HC Tang
07 Jun 2019
Financial Enthusiast, Budgeting at The Society
Since it's small, combine it with your RSP and plan to progressively increase your monthly investment amount.
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Vincent Tan Wen Bin
21 May 2019
Assistant Vice President at Thinkers Alliance
I would open a separate account and collect all those dividends. I will use it to reinvest into the ...
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Dividends may be small at the start, but you can always slowly accumulate them. It is like a snowball effect.
What I do is whenever I receive any dividends, I will put them into my warchest and track them. As time pass, you will realised that your dividends will grow from $100 a year to $1000 a year or more. With that, you can effective start to use your dividend to buy more stocks.