I am 21 and one of my friends in army has told me that in this world, you cant make do without investing. It took me many weeks to start reading more on investing like stocks, unit trust, fixed deposits and decided that I should venture on stock market. Then in stock market, there are many different playing ways. I have decided on going for the dividend strategy : stable and a long term strategy.
I am new to this so I hope readers can give me help along the way.
Am going to open an account with DBSVO next Monday and start to invest.
I am aiming to have a dividend yield of 6% ( higher than the inflation rate and higher than bank interest)
I am also treating this as a savings account for myself and I would set aside my savings to bank into this account monthly so that my capital gets bigger and utilize compounding as my lifelong tool.
Current Capital : $30,000
Estimated monthly addition : $300 ( For now as I am looking for job but will put more when I can afford)
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