I make my money work for me ~$20k SGD
It’s important not to keep too much money sitting in the bank. Inflation is brutal. On average, it eats away about 2–3% of your money every year.
If you had $100,000 sitting in your bank account, you’d effectively be losing around $2,000 to $3,000 in purchasing power each year.
I personally use Longbridge as a brokerage to invest in Singapore stocks. Singapore’s market is well known for its dividend-paying companies. Dividends are essentially a form of income that companies pay to their shareholders, usually either quarterly or semi-annually.
Of course, there are many important factors to consider before investing in dividend stocks, but the effort can be rewarding.
It may not seem like much, but I earned $105.34 in dividends this month alone. Every month is different though, and since my portfolio is still relatively small, there are months where I don’t receive anything at all.
Still, it’s just one of the many ways you can make money with your money.
From my personal experience investing about $20,000 SGD in Singapore’s stock market, especially through dividend stocks, I've gained valuable insights worth sharing. Singapore’s market is renowned for its stable, dividend-paying companies, such as DBS, CapitaLand Investment, Frasers Property Trust, and Parkway Life REIT. These stocks often provide steady quarterly or semi-annual dividends, which can serve as a reliable income stream. For instance, on a modest portfolio, earning around $100 SGD monthly in dividends is achievable, though it may vary depending on market conditions and dividend cycles. One key lesson I learned is not to keep too much cash idle in the bank because inflation typically reduces your money’s purchasing power by about 2-3% annually. Investing can help offset this erosion. However, it’s crucial to understand the risks associated with dividend stocks, including market volatility and company performance. Using a brokerage platform like Longbridge made trading Singapore stocks accessible and relatively straightforward, allowing me to monitor my portfolio — including holdings like DBS and STI ETF — and track market value and profit/loss daily. Diversifying within dividend-paying sectors can improve stability. It’s also important to reinvest dividends when possible to take advantage of compounding returns over time. While my portfolio is still growing, the consistent dividend payouts have boosted my passive income and motivated me to continue learning about portfolio management and financial planning. Ultimately, making your money work for you requires patience, research, and careful planning. Dividend investing in Singapore offers a practical way to grow wealth and generate supplementary income while preserving capital against inflation’s impact.