I have a total starting capital of $10,000, how do I use this amount to pay out a consistent flow of income for me as I grow older? How do I start? - Seedly
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Anonymous

Asked on 25 Feb 2020

I have a total starting capital of $10,000, how do I use this amount to pay out a consistent flow of income for me as I grow older? How do I start?

What should I be looking to invest in to prepare for my retirement?

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Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered on 25 Feb 2020

Depends on your age. If you are still young, you should consider growth centric portfolio rather than dividend since the returns wouldn't be alot. Once older, slowly transition your portfolio to more dividend based.

Once you have accumulated a sufficient capital, you can invest in stocks or bonds that pays regular dividends/coupons.

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