In the past, I would spend my dividends on food, clothing and entertainment. My initial investment aim is to create a dividend portfolio that generates enough passive income to cover my daily expenses while preserving my capital. However, a fellow financial blogger advise me to re-invest more of my dividends. Therefore, I have moved towards a new investment aim.
"To generate enough passive income to live off on and still have money left for investment. Make my money work harder for me."
Compound Dividends: In order to fulfill my investment aim. I decided to use the power of compounding as Albert Einstein once said that it is the most powerful force on Earth. If you think the effect of compound interest is great, then compound dividends is like "compound interest on steroids". Without further ado, I shall share 2 compound dividends plans below.
