Small amount to start dividened?

[AhSlack92]

Hi, may i ask if 2k is alright to start a small dividend portfolio? I am serving ns now and don't see any need to spend alot of money, so maybe this little amount of money can be invest in somewhere.. Can any pros guide me? Thanks!

 

[kebinu]

Assuming 6% dividend a year, that's $120 a year.

Try more capital for a dividend that is more something IMO.

 

[AhSlack92]

Where can i open an account with the lowest fee?

 

[makav31i]

Buy either OCBC Blue Chip Investment Plan or POSB Invest Saver which invest from 100/month...For OCBC BCIP, you can choose the stocks such as the 3 telcos and banks stock...For POSB, you can only purchase Nikko AM STI ETF..


Other than that, Standard Chartered is good with 0.2% commission and no minimum commission...

If you not eligible for the Standard Chartered, DBS Vickers Cash upfront is better with 0.18% commission or $18 minimum...

 

[AhSlack92]

Buy either OCBC Blue Chip Investment Plan or POSB Invest Saver which invest from 100/month...For OCBC BCIP, you can choose the stocks such as the 3 telcos and banks stock...For POSB, you can only purchase Nikko AM STI ETF..


Other than that, Standard Chartered is good with 0.2% commission and no minimum commission...

If you not eligible for the Standard Chartered, DBS Vickers Cash upfront is better with 0.18% commission or $18 minimum...

thanks for the detailed info. For beginners like me, is it more recommended to get the OCBC BCIP? And there's no REIT stocks there right? But is it the right time to get the telco stocks now ><？

 

[Dividends Warrior]

Buy 1 lot of CMT.

West Gate Mall coming soon.

 

[AhSlack92]

Buy 1 lot of CMT.

West Gate Mall coming soon.

Apart from investing myself thru SCB

If it's for your opinion, should i get the POSB Invest saver / OCBC BCIP, i have read up the 2 different opinions on forum, bur can't seem to make a decision. And also for these 2 rsp, if i do not sell it off, will i receive quarterly dividend, will it be automatically?

 

[makav31i]

thanks for the detailed info. For beginners like me, is it more recommended to get the OCBC BCIP? And there's no REIT stocks there right? But is it the right time to get the telco stocks now ><？

Look here for the list of 20 companies that you can invest in...

Investment | Blue Chip Investment Plan | OCBC Bank

No REIT stocks..i'm not asking you to invest in telco or anything...You have to do your own due diligence on which stocks you want to purchase or ETF that you want to buy...Different people have different goals and needs and there is different solution for different situation...When in doubt, please look for a qualified financial consultant to better advice you...

Apart from investing myself thru SCB

If it's for your opinion, should i get the POSB Invest saver / OCBC BCIP, i have read up the 2 different opinions on forum, bur can't seem to make a decision. And also for these 2 rsp, if i do not sell it off, will i receive quarterly dividend, will it be automatically?

Yes, you will get the dividend if there was any issued for the unit of shares that you own..for which is better, it really depends on the amount that you to invest monthly...if you are investing $500 and above, OCBC is the better option as the fee is $5 or 0.3% whichever is higher...The POSB is a flat fee of 1% with no minimum...So if you invest with OCBC $600 a month, the fee is $5 whereas the same amount invested with POSB, the fee is $6...

For now till December, OCBC is waiving the minimum $5 fees and will only be charging 0.3%...so if you invest $100 with OCBC from now till December, the fee is $0.30...if you invest the same amount with POSB, the fee is $1...

Read up on all the fees on the FAQ of the respective bank website to have a better understanding...Good luck..