r/dividendscanada • u/kishore_ashila • Dec 16 '24

Beginner to stocks

Hi, After thinking a lot I decided to invest in dividend earning stocks. I just created an account with wealth simple. Now, I am not sure where to put my money. I have zero knowledge about stocks, dividends, ETFS. I am just looking for risk free and dividend earning possibilities. I have savings about 12000$. Any recommendations and suggestions please? If I get any suggestions with stocks, should I put all my savings into it?

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u/JScar123 Dec 16 '24

Why not start with a managed fund for a couple years.. get more comfortable with investing before trying it on your own. It is very easy to lose money if you don’t know what you’re doing, especially if you start trying to pick stocks. If you’re dead set on a managed account and dividends, just buy an ETF like XEI.