25 Feb 2020
I just saved up my first $10,000 and DBS Vickers account. I'm looking for good dividend counters of at least 4% yield. There are so many to choose from and I'm overwhelmed, any suggestions?
Currently i have about 2.9k in NIKKO ETF and 400 in ABF bond index that ive accumulated awhile back through posb RSP.
I am also worried that buying too many counters with just 10k would cause fees to eat into my dividend yield. But just buying 1 or 2 counters expose me to diversification risk. Any advise?
With $10K to start, just get one or two counters first. Yes, there is diversification risk at the on set, but you have to start somewhere. Eventually you'll build your portfolio up to 6 figures and a good mix of 5-10 stocks, and your diversification will be sufficient.
What you should be concerned about is the sustainability of the yield. There's no shortcut for this, but you will have to analyze the company's data and annual reports to make a judgement call for yourself.
Do your analysis and select a more stable/established company first if you are concerned about volatility. You can always expand your portfolio in the coming years. I started with one counter years ago, and now I have more than that in my portfolio.
You may want to consider investing in REITS ETF such as NikkoAM-StraitsTrading
Asia ex Japan REIT ET...
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DBS Vickers Securities
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STOCK HOLDING TYPE