Wifey recently got interested in investment for passive income too.
So one fine day she asked me to build up a dividend-paying portfolio for her with S$20,000 as the base capital.
The first thing I did was to look through my watch list for suitable stocks with dividend yield of at least 4%.
After identifying the stocks I waited for the opportune moment with comfortable price point to buy in for the long term.
After several weeks the first stock I bought is M1 at $1.86 pre-XD.
Weeks later, another opportunity arose. I bought Mapletree Logistics Trust at $1.185 when the price dipped.
Finally when the price fell yesterday, I bought Comfort Delgro at $2.18.
So as it stands wifey's portfolio now consists of the following:
M1 @ 4,000 shares (+ another 2,000 shares bought previously)
MLT @ 5,000 shares
CDG @ 3,000 shares
There are several more stocks in my watch list which will be added if the opportunity arises.