Member-only story
Build your retirement nest egg with only USD1,583
The sad truth is that the majority of people will retire with insufficient money in the bank. And, if asked, almost every one of them will tell you it is because they did not have enough money to invest.
I think to certain extent, there is some truth their statement …. in the past. Today, with the proliferation of trading instruments like ETFs and online self-service trading platforms like SYFE, literally anyone can build their retirement nest egg with only USD1,583 (at today’s share prices).
The Strategy
My strategy is simple — leverage the power of compounding (and time), weekly dividend payments, and zero fee transaction fees. Without the latter two, this strategy would not be possible.
The objective is simple, accumulate sufficient dividend paying shares to provide us with income to fund my retirement. Here are the steps to take:
1Open a SYFE trading account. This strategy only works on SYFE. This is because, while many trading platforms don’t charge a commission for trades, they do charge a platform fee. SYFE is the only trading platform that does not charge you any fees for up to two trades per month. Since we will be accumulating shares with the dividends we earn, during the initial period when dividend payments are small, even a USD2 platform fee will have an outsized impact on our ability to purchase shares.
