Diversity My friend [Heart]
To earn $5,000 in monthly dividends, I suggest these 7 steps: (from https://dividendsdiversify.com/5000-a-month-in-dividends/) and my own resolution [Happy]
1.Develop a long term perspective - i wud like to have a portfolio that give me some dividends n growth in the years to come.
2.Determine how much you can allocate for investment - i started to pay myself first, set an amount monthly for my investment portfolio.
3.Select dividend stocks that are consistent with your strategy - i have started my journey in REITS, to get regular dividend.
$SPDR Portfolio S&P 500 ETF(SPLG)$4.Invest in your selected dividend stocks regularly - i will do DCA as n when the price is attractive
5.Keep investment costs and trading to a minimum - i have found in Tiger, so far i amvery happy to be here.
6.Reinvest all dividends received - i am doing this currently.
7.Periodically monitor progress and adjust accordingly - agree n will do so.
I love my portfolio now, will continue to explore to good businesses in Singapore and USmarket.
My short term target : $SINGTEL(Z74.SI)$If go below 2.6 will buy.
Long term continue adding : $SPDR Portfolio S&P 500 ETF(SPLG)$$Berkshire Hathaway(BRK.B)$my ETF [Smile]
I don't mind to get rich slowly, invest wisely.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- yanLing16·2022-05-31$5000 A montH is Tough!2Report
- kianweiting·2022-05-30Sheng Siong and Singapore Exchange is the most resilient among the 5 stocks due to pricing power, cash generative business model and little foreign exchange risk.4Report
- Jason81·2022-05-31im keeping sasseur rets, capland china, mapletree industrial reits, all paying good dividends, but capital in not as much as you.😂3Report
- SHU.tan·2022-05-31got to have a lot of capital to hit $5k2Report
- Alisont09·2022-05-31I aM also doinNg the same for many years. Hope to acheiVe $1000 monthly dividend soon!1Report
- CynthiaVogt·2022-05-30Thanks for sharing your current target company and the enter price😉3Report
- 3033H·2022-06-01Invest in companies that consistently grow dividend,2Report
- andy1967·2022-05-31Thanks for sharing. Having a plan is good and focus to materialize is also important.2Report
- bwjx·2022-05-31Thanks for sharing. Usually SG REITS pay out the high dividends and is tax free, so you may want to consider them as well. [Happy]1Report
- Gloria112·2022-05-30Good and detailed advice👍👍3Report
- Sonoma·2022-05-30Thank you for sharing1Report
- EggWhite·2022-05-31My dividend brother [Miser] [Miser] [Miser]2Report
- KennyBear·2022-05-31need high capital2Report
- Snakewood·2022-05-31😱😱😱 5k x 12 = 60k per year?? need to put 1mil in n hold?? 😵😵👏👏🤞🤞🤞🙏🙏1Report
- hj489·2022-05-31Most of the 5 stocks are strong with good dividend2Report
- MerLina·2022-05-31May I know if you use Tiger to buy and hold your US stocks for long term purposes?1Report
- Xavib·2022-06-01Agree shd had started sooner2Report
- 000TNB000·2022-05-31Good Plan1Report
- JoanneSamson·2022-05-30wish you the best with ur decisions1Report
- HelenJanet·2022-05-30Thanks for sharing 👍[Happy]1Report