How should I start investing in stocks to set up a source of passive income?

How to Start Investing

1. Accumulate capital. Everyone needs to start with some investment capital. Also of your pool of available capital, decide how much you want to invest. You are turning 18 soon, so now is a good time to start.

2. If you can, start as early as possible. Compound interest allows your account balance to snowball over time.

3. Open your CDP account (which you have already). For the benefit of those who haven't, sign up via the instructions here: https://investors.sgx.com/cdp-account-opening/#...

4. Open your brokerage account, and link your CDP account to it.

5. Understand your investment options.

There is a whole world of investment products out there from stocks, bonds, ETFs, mutual funds to the more exotic or less mainstream ones like art pieces, scultures, gold, and cryptocurrency.

Read up lots to understand your risk appetite, and form your own investment strategy.

6. Execution is everything

I always like to say that one can spend a decade reading and not deploy a single cent because of fear of procrastination. I always say to start early, and start investing in small amounts so that you can better understand yourself as an investor.

REITs, ETF and many more.

Firstly, you must know how much passive income you want to have on average a month.

Then multiply that number by 12. Divide the number by the expected percentage dividend yield. From there you can aim to get the capital you need.

Start more and go far. You are still young. Invest in some good read to learn first.

Example of calculation.

Target ~ 500$ a month on average
1 year ~ 6000$
Dividend yield average is 5%

It would mean you need a capital of 120k