So far ive put about 6k into stocks and am up about $500 since I started about 2 months ago, However I am thinking that maybe I should put my money into 1 or 2 blue chip stocks such as woolies or Telstra and every year keep investing the dividends I receive plus a little extra.
I am 23 years old and would hope to do this for the next 25-30 years, hopefully adding atleast 1k every year plus dividends.
My question is about what is the best way to go about this, as I don't like the idea of paying the $20 brokerage fee everytime I buy more shares, but if that's the only way then so be it I guess.
I have been researching about compounding growth and all that so I think this would be a safer and quite beneficial for me instead of investing on stocks I think might take off and hopefully getting lucky..
Thanks for the help guys!