AMA Christopher Tan
Asked by Anonymous
Asked on 23 Jan 2019
With 10k in seed money I would like to start a portfolio of dividend yielding stocks such as Singtel, REITs etc May I have advice on recommendations and allocations ? And which platform to use? Any advice is kindly looked forward to
High dividends stock investing in SIngapore is really a very good idea. Dividend investing will be essential when living in Singapore becomes expensive. Inflation will always be in the economy and living standard is bound to increase eventually.
Some tips to make the most of dividend investing:
For more info, please visit -https://www.mmfsolutions.sg/dividend-investing-sgx-stocks-make-money/
Hi anonymous, thank you for your question and sorry for the late reply. I have to say that I am not an expert in stocks so I might not be of any help here. Personally, I prefer to invest in a portfolio of low cost ETFs or Dimensional funds. It allows me to diversify my investments over thousands of stocks at a low cost.
All the best.
Why specifically SingTel? I suggest you to read up on the various types of investments and tips offered by various articles/blogs/books/gurus. Afterwards, triangulate and corrobate a few methods and start working on those. Each of us have different risk threshold, different yield appetite (though no one would dimiss 200% returns) and it is not possible to specifically recommend you a stock portfolio without full knowing of your demographic. Also, it is better to take charge of your own money since who fears losing your money more than yourself? Although the process is time consuming, I believe this method is much more effective. All the best!