Philipkee
High Supremacy Member
- Joined
- Jun 8, 2013
- Messages
- 26,439
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I try to “save” in unit trusts that pay monthly dividendsGuys I have bring up this topic again.
with the ever increasing Col getting more d more tougher, can you actually save?i am trying to save bit bit.
and the worst scariest news is hikes news.
means all those saving will have to return to the government.
So let’s say I earn $2000. I spent $1500, save $500. I put the $500 in unit trust that says pays $10 monthly in cash*
So month number 2, I still earn $2000 but now I have $2010 cos of the dividends. I can still save $500 and next month I now get $2020 and so on. Over the years it will add up and I can reinvest for higher returns
* the numbers are ficitious just used for illustration