Should I buy dividend stock during my NS period, to earn some money during that period? - Seedly
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Anonymous

Asked on 30 Jul 2020

Should I buy dividend stock during my NS period, to earn some money during that period?

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Tan Wei Ming
Tan Wei Ming, Writer at Frugal Youth Invests
Level 7. Grand Master
Answered on 30 Jul 2020

Many have advocated that when one is young, one should go for growth stocks as your capital is little and so your dividends will be quite negligible.

Yes you might compare this with putting in a bank but when you buy dividend stock, you are exposed to market risk in which your returns can be negative at the end of the day.

Therefore, buying into growth stocks when one is young is recommended.

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Tan Wei Ming
Tan Wei Ming

30 Jul 2020

If you have done your own research extensively, and you believe that it will continue to grow in the long run, technically there's no need to monitor closely.
Gordon Lim
Gordon Lim

30 Jul 2020

But doesn't it also not make sense to start building a 'dividends' portfolio early with dollar cost averaging? Since you would need to eventually invest a large sum to get significant dividends.
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