Yesterday, I've finally received the very first dividend cheque (for Baker Technology Limited) in my entire life. Being a small retail investor, the amount on the cheque is negligible, might be even lower than some of you folks' investment commission fee. However, I am still very happy as it is not the amount that counts, it is the SIGHT of real passive income that count.
I am pretty sure that this is just the beginning and I hope to be able to build up a size-able portfolio (both in cash and CPF fund) to accumulate more such dividend income (hopefully). I might act slowly, but surely, my portfolio will increase in size. ;-)
I am expecting another even smaller dividend cheque from another counter (Straco Corporation) this week. So, the next question for me is : how to "use" these money? Since they are just a couple hundreds, I guess I will just accumulate them to my piggy "capital" for subsequent reinvestment.
Can you still remember when did you receive your first dividend cheque? How do you spend (or use) it for?
Cheers!
Congrats!
ReplyDeleteIt's wise to accumulate this in your piggy capital for your next re-investment; compounding effect.
Yup! I think so too. Thanks for dropping by and comment
DeleteHow come cheque and not credited to your bank account?
ReplyDeleteOh you means now can do direct credit? I guess I will just need to check with my broker on how to go about it ;-)
DeleteMy first dividend income was intriguing and i remembered being so elated at receiving them.
ReplyDeleteSame feeling here ;-)
DeleteIs much easier and hassle free to credit dividends into your bank account directly.
ReplyDeleteIn addition, If using Poem, i opened a cash management account to buy/sell shares. I can transfer cash to my bank and vice versa easily. Is quite straight forward.
Hi Cory Thanks for the advice. Yup, I am using poems, will check with my broker
DeleteI invest in baker technology too.
ReplyDeleteSGYI,
DeleteCool! I bought it at higher price of 31 cents. What about you? ;-)
A journey of a thousand miles begins with a single step! Congrats! :)
ReplyDeleteIndeed! Even though my single step come a bit later lol
DeleteCongrats on your first dividend.
ReplyDeleteFeels good right?
So much better than the miserable bank's interest rate. Do re-invest your dividends and let it's compounding effect do the job :)
Cheers!
Hi Little Boy,
DeleteThanks. Yup! It definitely feel much much more better than the bank's interest rate. Not only it is more but it is also touch-able (the cheque) ;-)
Yes, re-invest the dividends is in my plan...Thanks.