True, the idea of a portfoIio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months
True, the idea of a portfoIio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months
I use an investment calculator to see how much to need to save to get there by that time. For me, it came out to 17% or so, but I do 21% b/c I don't mind getting to financial independence sooner,
I think the long term goal would be to have about $5k a month come in as passive income. Then I could concentrate solely on art without having to worry about constantly having to make sales and not having to work a day job in the process. In June I got about $52 in dividends so it's a start.
not trying to burst your bubble. but you want to keep making art right? ... do you realize how much money it takes to make 5k a month in dividends???.. realistically, you should see dividends as PART of your monthly income, thus you can keep making art, buy art supplies and sell your work too. I made abot $200 so far this year in dividends, I've added money each month to my portfolio tho, so at the beginning of the year, I made less dividends, so you are right it is a start. I'm an artist also 👍
@@cliffdariff74 that's why diversifying your portfolio is important--where you can yield higher than 4% and setting your investments to DRIP aka snowballing it and withhold cashing out your passive dividends for a few years can almost* guarantee substantial growth
@@cliffdariff74 With dividend stocks it should not take 1.5 million. My portfolio is near 13% right now. You just have to actively manage it. 8% is very achievable. 13% is just right now. I fully expect this to drop when the economy turns around and the stocks return to their normal price ranges.
1. Start investing now and learn about compounding 2. Determine the amount of dividends you need to live happily 3. Build a portfolio that keeps you motivated/interested in dividends 4. Set and celebrate milestones determined by what they can buy right now 5. Speed up the process where possible: side hustle, reinvest, earn more
To answer your question, my dividend portfolio is to help me slow down in 2 years, work part time instead of full time. Hoping to reach $1000 per month this month and celebrate in July!!
I remember me and my store manager was talking about stocks and he told me in 2020 that his parents are living off dividends and I immediately did my research and started investing and still going 💪🏾 I wanna retire early and be financially free
I am a semi-retired pharmacist, taking care of two teen-aged boys and my senile parents. My budget is tight, but still invest every month. One thing I don't see a lot of in investing videos, is health. If you don't take care of yourself, all your hard earned dividend income and investing is going to pay for health care.....I am 51, and coming up on my one year anniversary of a heart attack....I live in a rural area, wanna' see something expensive, a 90 minute ambulance ride to the nearest hospital that is capable of putting in a stent.....two full days in the hospital, and follow up medical visits with your primary doc and a cardiologist....not to mention a big handful of pills twice a day for the rest of your life.....it is expensive. So, here is where you can trim the fat: off your waistline, have two pieces of fruit for lunch, lay off nicotine, and alcohol, take a walk for a free hobby, give up fast food, and, get more active in any way possible. All the money you save from giving up that stuff, should give a sizable chunk of change for dividend investment.
@@gigid9606 So, what prompted me to take in my two parents: my mom fell and injured her leg. Unable to move around at all, I had to not take on so many pharmacist shifts. I am hourly, and my yearly average fell below 30 hours a week. I live in a rural setting. CVS would only give me 22 hours a week at my home store. I couldn't risk leaving my parents for long periods of time and all the other stores I was offered hours were from 60 to 90 miles away. So, driving up to 2 hours, working a 12 hour shift, and 2 hours driving home....not an option. Thus, I lost my insurance in June of 2020.
@@davidcoffman9326 Oh....in all reality....pills aren't the answer.....they are a stop-gap measure....my best advice, walk more, cut way back on all "good stuff", get more sleep, and eat all your vegetables.
Great stocks and I just bought in on them, but I'm interested in making a short-term profit, let's say turn a $150K to $ 500K in 6 months, I'd appreciate tips on how what stocks to buy to make this much profit.
Dividends from the stock market encouraged me to begin investing. What matters, in my opinion, is that if you invest and make additional money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can provide that benefit for your children, giving them a head start in life. I've invested more than $600K in dividend stocks throughout the years; I'm currently buying more today and will continue to do so until the price falls even further.
The way I view dividend investing is not what the dividend would pay for, but how many hours less a month I would have to work; in other words, I'm buying hours of my life back. every 35$~ish dollars in dividends I earn is 1 less hour I have to work. IMO, viewing it from this lens is the most powerful way to stay motivated, as you can easily see how many more hours you have to "buy" til ya hit FIRE.
No, BST has been around since 2014 and in a backtest, BST beats QQQX in all ways. except possibly income. If you invested $10,000 in both BST and QQQX in 2014, BST sits at $19,336, QQQX at $13,528, BST CAGR is 55.20%, QQQX is 22.32%
Great steps! I try to keep my average portfolio yield around 4%. I find this gives a nice amount of dividend growth, plus a decent amount of cash flow per dollar invested. I currently bring in around $170/month in dividends 📈
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@MarcelPhilips I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@BrunoLuke I began with a fiduciary portfolio advisor by the name MARTHA ALONSO HARA. She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
@@BrunoLuke MARTHA ALONSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
Great video! Very motivational! Its a wonderful feeling living 100% off of dividends!!!! Im only 50, and just retired from my government job. In my case, I shot to the top in a matter of a year and a half by sinking a boat load of cash in one stock (No, it was NOT crypto) and cashed it out at a little over $2M. Once I reched and surpassed two million, I liquidated the stock and diversified it in 16 dividend paying stocks...a little over 100k/ yr. in dividend income. The advice in this video is 100% on point and is what I would also recommend you do as opposed to the very seriously risky method I used to achieve my success at a young age. Keep being motovated and dont give up.💯
Understandably, the purpose of buying dividend stocks is to maintain a steady cash flow but dividends are slow if you're not yet retired. I have a couple dividend stocks. I've rather opted for a more aggressive approach and so far i've made over $650k in raw profits from just q4 of 2020. Investing has no one way to it.Most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
Normal people buy in at high prices the stock market goes down,companies buy stocks back cheaper by introducing some "disaster"Stock rises after a disaster and the cycle repeats.. Having a good entry and exit strategy, alongside Professional investment adviser will make succeed in the stock market.
I totally agree with you. what kinds of investments do you make. I have a lump sum right now doing next to nothing in a savings account. but it's hard for me to take part in the market right now due to the fulltime nature of my job. it will be way to stressful to combine so i don't even think about it
@@leonahernandez3752 My portfolio is very much diversified so it's not like i have a particular fund i invest in. plus i don't do that by myself. I copy trades from US regulated broker, Tina Renee Anglin. just like you can copy trades at etoto. unlike i can say for my IRA which has just been trudging along. the nature of my job does not allow me to follow the market closely. my portfolio just mirrors what she trades and not just on some particular industries of my choosing.
That's interesting, I have heard her mentioned somewhere but have not really looked into using her services; just looked her up and found out she is registered in the US, Are you giving her your money or the money stays in your account? I have heard about copying trades but have not looked into it but i have an idea of what it is
@@calderwoodsoriano1725 it's all programmatic, my money stays right in my account. that's the idea behind copy trading. my account just mirrors her trades in realtime
The dollar dipped on Thursday as investors evaluated the likelihood that the U.S. Federal Reserve will be more aggressive in stamping out high inflation if it persists, while the pound weakened after the Bank of England made no changes to its monetary policy. Fed policymakers have been offering differing viewpoints on how long inflation is likely to stay high and when it will be appropriate to tighten monetary policy, after the Fed last week surprised markets by forecasting two rate hikes in 2023.
The dollar fell slightly after data on Thursday showed that fewer Americans filed new claims for unemployment benefits last week as the labor market recovery from the COVID-19 pandemic gains traction amid a reopening economy.
Sterling slipped after the Bank of England said inflation would surpass 3% as Britain's locked-down economy reopens, but the climb further above its 2% target would only be "temporary" and most policymakers favored keeping stimulus at full throttle.
✔̸️̸✔̸️̸“While the underlying tone was quite upbeat, and we do think that there was a clearer hawkish lean, it was not hawkish enough for those looking for a sharper turn after last week's FOMC meeting,” analysts at TD Secuities said in a report on Thursday.✔̸️̸✔̸️̸
Last report From the report from my record The greenback gained to 111.11 Japanese yen overnight, the strongest since March 2020, before dropping back to 110.78. Data on Thursday showed that Japan's corporate services prices rose at the fastest annual pace in eight months in May.
@@Layren96 They all have a dividend yield of at least 4% and are most likely going to stay there. Some currently pay over 10% and EURN goes as high as almost 19% at times. They're all good value and likely to grow with the possible exception of the dividend aristocrats
@@gopals796 I haven’t been holding it for the past 5 years and if you watch Andy’s vids you know the chart pattern has been broken .. a 5 year chart pattern ..
@@gopals796 It fell during the pandemic, but the dividend is recovering. I keep it as a second priority, but I have lower yield, more stable dividend stock.
I’ve tried to turn it into a bit of a game. I have goals for each stocks dividend. Buy a 1/4 share monthly with dividends. Then half then whole, after that it’s $100 etc.
@@Dtsweeney Unfortunately these bots are all over the comments of most videos about investing. I'd recommend being cautious and assume that any comments asking for or recommending an individual or service are spam.
I wanna retire early so i can enjoy the stuff that i like and learn differents things like fliping house or cars. Thats why invest in dividends and in crypto.
I like that he mentions not living in cities. I moved to the country nearly a year ago and cost of living is cut in half. I didn't even live in the city I just lived near one. Now I'm 30 minutes away from nearest town and not only is it way cheaper but the fresh air and nature is so amazing when you have loved your entire life surrounded by people, cars, noise, and just everyone else's life.
I like to think of it as buying a paycheck. When I buy dividend income, I take the income. It’s incredibly motivating. I am then more able and mor motivated to invest my paycheck. Someday I’ll replace my paycheck. It doesn’t change my taxes since these investments are in a taxable account. If I don’t increase my lifestyle, I am able to invest more and more of my paycheck overtime. Also if I lose my job, I don’t lose all my income since I’m working toward the point I can live off my dividends. Also I’ve maxed out my 401k.
Like Warren Buffet said, dividends are only good if the business you’re investing into can’t make good use of that capital. So if you’re trying to invest into businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they’re returning capital to you because they think you can make better use if it than they can. It’s not much different from bond investing. The way I see it if you have a $1 million at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income...
It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
Over the following 3 months, I want to increase my reserve from $280,000 to at least $550,000. I would be grateful for any advice you can give on how to accurately predict the market and how to diversify and balance my portfolio in order to accomplish my goal.
Income portfolios with dividend stocks/REITs can retire you early in 10-15 years with heavy investing if your yeilding 8-10%. With safe growth stocks its going to take that whole 30 years. Your portfolio will be worth more money, but you'll have to sell stock to gain that money. With the income portfolio the actual portfolio might not be up much if at all, but it'll be paying you someones entire annual salary just passively every year and you never have to sell any stock. They definitely have their place. Dont get me wrong I got VOO in the Roth IRA but currently working on an income portfolio on the side to atleast get me in a partial retirement early with plenty passive income within 5-10 years and in 10-15 years a full retirement with enough passive income to chill til I can get into that Roth IRA, sell some of that stock thats grown massively over 30 years and put it towards the income portfolio to boost it and hold the rest incase I need a chunk of money for anything or need to add more to the income portfolio to make up for inflation over time.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
Yes, I have been in touch with a CFP ever since the outbreak. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $350k.
My consultant is *Sharon Louise Count* She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
Great video because seeing dividends as a means to pay bills step by step rather than hitting a net worth is so much more translatable to ordinary folks like me who frankly will never be a multi millionaire.
Just switched my strategy up to a slightly more active approach just to keep myself more motivated. I switched from drip on monthly dividends to using the dividend payments on the next upcoming ex dividend stock. It helps compound slightly faster but also keeps me more engaged. Dividend investing can be brutal in the first 5-10 years.
In the short-term I plan to grow my dividend portfolio, which consists only of ETFs at the moment, to $10,000. Then I'm going to continue to grow it until I hit $100 a month in dividends, and from there the sky's the limit! I treated as a higher yielding savings account. Even some of my more moderate ETFs that pay about three or four percent are crushing compared to what I would be getting in a normal savings account or checking account.
Still a few years out on investing (paying off debts first) but with my fiance's help we plan on building up a 400,000 portfolio in 15 years to retire.
In my M1 Finance account I received coincidentally dividends from three separate holdings of 40 dollars each for a total of $120. Then I went to the grocery store. The bill was $120! What a coincidence. Easy come, easy go.
I started investing during the pandemic dip. At this point I am making a good 20 bucks a month in dividends, off of 8k..... Im not sure if that's good or not but I am proud of it. Edit: my goal is to supplement my income. I dont want to stop working, as an engineer I enjoy my work. But it would be nice to only have to work part time one day.
Awesome!! I started 6 months prior to the pandemic now im up to 66-72 a month! The pandemic dip helped a lot getting me to that monthly amount...now i have my alerts set up for when a stock i hold drops 3-5 percent and I buy more..these past two day I've bought a quite a few shares. I have automated deposits every paycheck and just wait for the alerts to go off. I know you cant time the market but knowing that we are not fully recovered from the financial issues caused by COVID means I'm sitting on my hands and buying every dip!!
@@Xv7kyle7vx yeah thats about when I started. I mostly went for REIT's and high dividend stocks at first, but I also have tech and commodity stocks. I'm trying to stay moderately diverse, and recently have been putting money into high yield oil tanker stocks. Cheers.
You should throw in a couple videos per year teaching how you analyze your picks, in my option that’s the most overwhelming part of this journey. I’ve gotten better over the years but I’m still lacking. It feels amazing to have the confidence in choosing a company you don’t have to worry about tanking or bouncing back. Selling off shares via fear is the biggest dent you can put in your portfolio
I grew up in poverty as a kid, and as a young adult when my dad died when I was 18 I took a crappy food service job to take care of my family, and successfully made a easier life for my family through a job I hate, as I'm paying for living and school I discovered dividends a few months ago and for me it's seems like the perfect way to escape poverty and take control of life.
Probably the most valuable video I’ve ever seen. Just need to slightly change which stocks I allocate my money into and I’ll achieve FIRE by the time I’m 35
I cant disclose too much, but yea I've been using a coach called John Henshaw and through his guidance I've been able to make approx $10k in dividends on a monthly basis, it is pretty straight forward. Not as complicated as it used to be...
I started my ROTH IRA portfolio 2 years ago and every $ I made inside this portfolio is completely tax free. Aside from this, I have another portfolio that is also dividends investing but I do pay taxes. My current day job doesn’t pay me enough to fund this portfolio so I started my TH-cam gaming channel and I’m hoping one day I make enough in my channel to fund a bit more on my divies portfolio. Cheers! Thank you for your video 😊
Since loosing my job what has been helping me is my investment in ETFs and penny stocks, accounting for over $ 7k monthly dividends still one of my best decisions in life
I've also heard of using aggressive growth strategy when starting out just to build wealth as quickly as possible and then later converting that into your JEPIs of the world
My wife and I live in a very cheep rural area and our yearly expenditures literally amount to like $16,000 on average. So living off of dividends is something that I think is realistic, especially for people in lower cost of living areas.
I thought this video was on how to start investing to get dividends. I need $2200/a month to live off of. Please make a video on how to calculate how much we need to save to get about $2k a month. Very clear and clean voice. Thank you.
I think something thats also overvalued is living off the dividends alone to make them worth it. What I mean is yes being able to make enough to not have to work is fantastic but having a extra $100-200 a month to spend on whatever is also great! Like someone else said its like giving yourself a raise. I feel like some will get discouraged looking solely at retirement(retirement age)to reap the benefits when you could easily use the dividends a couple years after starting to help pay for things/take a nice vacation etc.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@@devereauxjnr I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@@2024Red-j5t I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@Petroguest-i4g The thing is that I really don't like making such recommendations. But there are many freelance wealth managers you could check out. I have been working with "NICOLE DESIREE SIMON" for about three years now, and she's made decent returns. If she meets your discretion, then you could go ahead.
@@2024Red-j5t I looked up your advisor's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.
Providing for a family of five can be tough. What my wife and I did, is we placed investments on our bill list. If we all we had was $5 left over at the end of the month, that's what we invested.
I've started diverting some of the stocks I was HODLing & putting them to dividend stocks, mainly monthly paying ones. I'm excited for the future, knowing that I don't have to worry about money by the time I can't take care of myself.
I want passive income in case I get car trouble or an unexpected bill. And to supplement my income. If I can make an extra 10 grand a year that raises my standard of living.
@Blake I can't agree more only problem is depending on the rate of return (before or after taxes) you will almost have to have a house worth (300-350K) just to make close to that amount. I don't know anyone who makes 20,000 after taxes that has more than 30,000 cash!!!! To me almost 1/2 the total working population won't have 300,000 in 10-15 years!!! Your quote: ( Shoot higher! Imagine 25k in dividend income. Life changing)
Only ETNs I mess with are USOI, GLDI, and SLVO. They are great targets for throwing a small amount of money at every month but they make up just 2% of my portfolio.
Amen; I started with 40k, have it all in USOI, currently sitting at around 57k value now, and seeing anywhere from 600 to 1.5k per month. Hoping my average for the year will stay above 1k, or roughly a quarter of my currently salary.
I'm quite late to the party at 27...but I'm going for it. I have two goals - make enough in dividends to pay for 1 small bill. Or buy enough of a dividend stock that it can virtually buy 1 stock of itselfs for the months where I can't
Im 26 now. Definitely aiming for $1000ish/month from dividends within the next 4-5 years. At the same time, buying rentals each year hopefully profiting an extra $500-600 a month total (not including equity). That way i switch to barrista fire, do a part time job with benefits, or a passion project. Good video, much love.
im 19 live with my parents and work a part time and spend that on my stocks and i donate plasma once a week 25 dollars a week for 100 a month that i put it in my stocks also i use a bicycle to go to places
Took early ret at 63. Now working PT and making a reasonable amount of money. Slowly shifting all my 401K money into D stocks. My goal is to make 100K/yr on Divs alone. I've got a way to go but amazed at how much "free" money I am now reinvesting into the market. Trying to live off the money I make part-time and reinvest all of the divs. When looking at the "4-percent rule" I think I'd rather EARN 4% per year in D's and use that money as my income as opposed to withdrawing from my overall nut. Good vid.
I love this video. I want to gradually increase dividends and slowly reduce my work hours so I can spend my more time with my grandson. Thanks for your ideas and the realistic assessment of how long it would take to live off of dividends comparing high interest vs. low interest rates.
Great channel. For U.S. investors, I recommend buying dividend stocks within a Roth IRA and setting up automatic dividend reinvestment so they grow tax free. Be careful buying MLP stocks because they may require filing special tax forms, even when held in an IRA.
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important.
It took me five long years to finally let go of trying to forecast market movements based on chart analysis because, truth be told, you never really know. Not having a mentor meant enduring five years of trial and error. Eventually, I learned to follow the market's direction and keep my approach straightforward with disciplined execution.
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Well, this is certainly better than a bank CD or savings interest rate, less than 1%. Everyone need to build a portfolio of dividend paying stocks and not be dependent on social security. Also, reinvest the dividend. I like CIM (8.66% Div, stock at $14.90 and NLY, 9.71%, stock at $9.07). My goal is to build my portfolio through dividends which allows me to buy various quality companies. Very good video.
Great video that is not only motivational but a fabulous reminder! My goal in the near future is to have 100k a year coming in through dividends and then 120 and then 140k and so forth. Dividend investing struck me one day as an Epiphany that just made sense. Take a few dollars now and then to buy a new t shirt or two, but basically use these funds to reinvest and add to the overall portfolio of stocks. It DOES work and works well! Next, Covered Call ETFs and bought QYLD today to start.
Thank you so much for encouraging me to get started. Your videos are great and I always wait until the next one comes out so i can watch it and thumbs up! My goal is to use my dividends to pay for a mortgage on a home.
Passive investment for myself. I have learned through wealthy investors, some frugal people and those who don’t want to be dependent on a job as well as those who are so late that they made a mistake by never investing. I learned from all of them and I take every little bit that can help benefit me for the better.
I just got my first dividend paid of 21 cents today with the email saying it will be reinvested at market open. I know it's small, but it's step 1, and I'm on cloud 9 for it.
If you buy T now at about $27/share. I use it as a bank. The high and lows are $26-30 per share. So even if it does not appreciate much it gives me a qualified dividend of about 7% per year. The bank pays me 0.5 percent so T grows some but has a nearly 15x dividend yield. Think about it and you might just like this strategy for T only.
My biggest reason for not investing sooner was waiting for someone like you. I haven't received terrible financial advice, but just incredibly generic. "Get in with a good company that pays 401k, and work till you got enough in it to retire." Most sources only talk about the stock market as if all you can do is play it like a casino. And so the easiest thing for me was to just live my 20's as I wanted and invest in my 30s and later. I knew i wanted to do dividends when I learned about them eventually under all the "you need a million dollars to live off the interest." But never seemed to find a source i was comfortable with till now. The prominence of broker apps has helped make getting into the market easier, and your videos have been a good source of info for stocks i probably never would have learned about as most people only give the "slow and steady" advice.
Supplemental income for me, I like the idea of having multiple sources of income. For now I am reinvesting the dividends and investing as much as I can in order to build up my portfolio. I was so exited when I got my first dividend from a single share of VZ, a mere 62 cents, but it's more than a savings account. I just wish I had started investing sooner
I cant disclose too much, but yea I've been using a coach called John Henshaw and through his guidance I've been able to make approx $10k in dividends on a monthly basis, it is pretty straight forward. Not as complicated as it used to be...
i only just started investing and my first dividend is next month. my goal is to eventually just be able to supplement whatever it is I'm doing in the future with a little bit of extra income and to have a bit of a safety net if things go badly. if it turns out that my particular strategy works well and i can keep investing more over time then ill expand that to potentially be able to live off. i already live quite frugally so my expenses are quite small so i got that covered but I'm still skeptical of the viability of this strategy though but hopefully next month when the dividend comes in my skepticism will be put to rest.
Oh it is awesome! When I found my dividends coming in and I just basically paid that towards a bill, I was like "WOW, my principal is still there O_O. Did I even pay it? O_o"
Currently at $600 a month. My goal is $1500 a month or $18000 a year in dividends and eventually retire in South East Asia. Once I sell my house I definitely can do it. That's not even including my Canada pension.
I cant disclose too much, but yea I've been using a coach called John Henshaw and through his guidance I've been able to make approx $10k in dividends on a monthly basis, it is pretty straight forward. Not as complicated as it used to be...
great video. When I get my dividends, i usually look at it as each one i get is a minor price reduction on every new stock i buy, like a mini discount, helps me stay motivated especially when one of my stocks gains a bit over the months. It also keeps me in check ad focused on hitting drip. Income/growth investor mostly looking to help make extra cash for the small things in life lol.
Very pleased to find this video - I have nearly all of the companies you mention. :) GREAT to have the validation - I'm new at this. Since July 2020, I've been growing my dividend portfolio to $137K that is bringing in $635/month so far. I'm not retiring early, I'm 65 shortly and clearing out everything - yesterday sold my life's vintage/work clothes collection for $1100 and invested it in ABR & AQN, new positions. It gained me $5.30/month in additional income with some left over for a growth swing trade, with proceeds to buy more income. Have you reviewed GOF? Did you do an in depth video on NEWT? I've wondered about building on that position. The dividend is attractive and scary at the same time.
Dividend outcome = (cash you want to invest/price of stock) * dividend of stock PSEC for example. Currently costs about $9. You want to invest $100. It’s a monthly dividend of 6 cents. ($100/$9) = 11.11 shares 11.11 * 0.06 = $0.66/month The problem with dividends is it’s not better than just investing in stock unless you put a lot of money into it. You need a million at least to replace your job.
Thanks your vid was very helpful. I'm nearing retirement and just recently got into investing. Since I'm so late to the game I've been feeling like the passive income I set up won't be enough. You're given me a better plan of action. Thanks once again.
I did not come to dividend investing until I was retired. So, my investing is for the purpose of paying all of my taxes and insurance with dividends. These two expenditures will never go down. They will only go up. And, under circumstances where I have no other source of income, both taxes and insurance have the growth potential to strangle my budget in a few more years. So I am planning to use dividends to pay them ahead of time. Then, nor more worries about those two budget items. Yes, my current desires are small, but they will grow as my dividend balance grows
![[LIVE] : ONE ลุมพินี 89 | คู่เอก "ยอดไอคิว vs คิริลล์"](http://i.ytimg.com/vi/Z3vYkHJ_5Ig/mqdefault.jpg)
At the very least, I now grasp the concept of leverage.
Creating
and how did you get the knowledge to form your passive income, if I can ask?
So i found her webpage by looking up her name online.... Her resume is quite outstanding, I'll be writing a mail to her shortly.
True, the idea of a portfoIio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months
True, the idea of a portfoIio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months
I use an investment calculator to see how much to need to save to get there by that time. For me, it came out to 17% or so, but I do 21% b/c I don't mind getting to financial independence sooner,
I think the long term goal would be to have about $5k a month come in as passive income. Then I could concentrate solely on art without having to worry about constantly having to make sales and not having to work a day job in the process. In June I got about $52 in dividends so it's a start.
not trying to burst your bubble. but you want to keep making art right? ... do you realize how much money it takes to make 5k a month in dividends???.. realistically, you should see dividends as PART of your monthly income, thus you can keep making art, buy art supplies and sell your work too.
I made abot $200 so far this year in dividends, I've added money each month to my portfolio tho, so at the beginning of the year, I made less dividends, so you are right it is a start. I'm an artist also 👍
Let's see 5k month is 60k in div per year.
At 4% dividend yield, you will need 1,500,000 invested... 1.5 million ×.04 = 60,000.
@@cliffdariff74 that's why diversifying your portfolio is important--where you can yield higher than 4% and setting your investments to DRIP aka snowballing it and withhold cashing out your passive dividends for a few years can almost* guarantee substantial growth
@@cliffdariff74 With dividend stocks it should not take 1.5 million. My portfolio is near 13% right now. You just have to actively manage it. 8% is very achievable. 13% is just right now. I fully expect this to drop when the economy turns around and the stocks return to their normal price ranges.
@@cliffdariff74 it's more achievable to play lotto instead
1. Start investing now and learn about compounding
2. Determine the amount of dividends you need to live happily
3. Build a portfolio that keeps you motivated/interested in dividends
4. Set and celebrate milestones determined by what they can buy right now
5. Speed up the process where possible: side hustle, reinvest, earn more
consider real estate. i get consistent $4k/mo NET from 3 houses, bought them years ago, all paid off now. and i get $1k/mo from QYLD.
I make $22-23 a month and I love seeing it go up every time I invest
@@jamescarline5623 stfu
I just started and I make $20 a month in dividends! Also started mining bitcoin on my gaming pc lmao
@@JohnnyMastro I make between $42-55 now
@@miah5561 Nice! lets keep riding the snowball
@@miah5561 niceee!! I'm at around $72 now
To answer your question, my dividend portfolio is to help me slow down in 2 years, work part time instead of full time. Hoping to reach $1000 per month this month and celebrate in July!!
Out of curiosity how much do u have invested?
southgatescapital manages my funds, im up 72k
@@garretttodd2182 contact please.
@@garretttodd2182 big thanks.
@@garretttodd2182
I remember me and my store manager was talking about stocks and he told me in 2020 that his parents are living off dividends and I immediately did my research and started investing and still going 💪🏾 I wanna retire early and be financially free
I am a semi-retired pharmacist, taking care of two teen-aged boys and my senile parents. My budget is tight, but still invest every month. One thing I don't see a lot of in investing videos, is health. If you don't take care of yourself, all your hard earned dividend income and investing is going to pay for health care.....I am 51, and coming up on my one year anniversary of a heart attack....I live in a rural area, wanna' see something expensive, a 90 minute ambulance ride to the nearest hospital that is capable of putting in a stent.....two full days in the hospital, and follow up medical visits with your primary doc and a cardiologist....not to mention a big handful of pills twice a day for the rest of your life.....it is expensive.
So, here is where you can trim the fat: off your waistline, have two pieces of fruit for lunch, lay off nicotine, and alcohol, take a walk for a free hobby, give up fast food, and, get more active in any way possible. All the money you save from giving up that stuff, should give a sizable chunk of change for dividend investment.
This is perfect advice. Seriously everyone should live buy these steps.
great advice! And I am guessing (hoping) you still carry insurance to cover the ambulance bill
@@gigid9606 So, what prompted me to take in my two parents: my mom fell and injured her leg. Unable to move around at all, I had to not take on so many pharmacist shifts. I am hourly, and my yearly average fell below 30 hours a week. I live in a rural setting. CVS would only give me 22 hours a week at my home store. I couldn't risk leaving my parents for long periods of time and all the other stores I was offered hours were from 60 to 90 miles away. So, driving up to 2 hours, working a 12 hour shift, and 2 hours driving home....not an option. Thus, I lost my insurance in June of 2020.
Hey your a pharmacist! Prescribe me something, for you know my health. C'mon!
@@davidcoffman9326 Oh....in all reality....pills aren't the answer.....they are a stop-gap measure....my best advice, walk more, cut way back on all "good stuff", get more sleep, and eat all your vegetables.
Great stocks and I just bought in on them, but I'm interested in making a short-term profit, let's say turn a $150K to $ 500K in 6 months, I'd appreciate tips on how what stocks to buy to make this much profit.
@DavidKlein74 That sounds great and how do I connect with her?
@PedroBryant9 Okay I just found her website and left a message for her. thanks.
Regulus therapeutics they have a brilliant, kidney drug and every clinical trial they publish stock doubles
The beginning days are so hard, but feels better every month as it grows
Totally agree. I find setting small targets along the way and celebrating when I achieve them keeps the motivation high. Good luck on your journey
Setting small goals early is a great way to start off. I like to set $10-$25 goals.
@@mbrick87 good idea
Dividends from the stock market encouraged me to begin investing. What matters, in my opinion, is that if you invest and make additional money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can provide that benefit for your children, giving them a head start in life. I've invested more than $600K in dividend stocks throughout the years; I'm currently buying more today and will continue to do so until the price falls even further.
Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?
The way I view dividend investing is not what the dividend would pay for, but how many hours less a month I would have to work; in other words, I'm buying hours of my life back. every 35$~ish dollars in dividends I earn is 1 less hour I have to work. IMO, viewing it from this lens is the most powerful way to stay motivated, as you can easily see how many more hours you have to "buy" til ya hit FIRE.
Go for minimum wage at $7.25/hr. or the inflation wage of $4.77/hr. and feel happier faster.
@Blake Make sure to account for 25% on top of that, so $38000
REITs and CEFs are the reasons why I love income investing and prefer it over dividend growth
@Blake The CEFs I'm in are EMD, AIO, and BST
@Blake Closed End Funds (CEFs), I hold BST, UTF, ASG. Had not looked into QQQX, not as much appreciation as BST but higher income.
@Blake BST beats QQQX on total returns and generally on income as well. UTF beats both BST and QQQX on income but loses to both on annual returns.
No, BST has been around since 2014 and in a backtest, BST beats QQQX in all ways. except possibly income. If you invested $10,000 in both BST and QQQX in 2014, BST sits at $19,336, QQQX at $13,528, BST CAGR is 55.20%, QQQX is 22.32%
@@rtj6874 im in bst and usa i like them both
Great steps! I try to keep my average portfolio yield around 4%. I find this gives a nice amount of dividend growth, plus a decent amount of cash flow per dollar invested. I currently bring in around $170/month in dividends 📈
nice! do you use an app to calculate the interest? I've got 40 stocks, trying to figure how to keep track of my interest per month. thanks
How do you find your yield %
I'm investing in divideneds for both the purpose of retiring early and as a safety net.
I'm only at $57 per month right now. It's fun though.
Thats better than most people. keep it up!
@@John69420 thank you. Just hope every survives these crazy times.
@Blake the account is for my kids 3 and 5 this was better than a college savings plan
@Blake that's what I am hoping for. I try my best to add as much as I can each month
What investing app do u use ?
Last month in November of 2022 I made just over 80 dollars in dividends. Good start I think :)
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@MarcelPhilips I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@BrunoLuke I began with a fiduciary portfolio advisor by the name MARTHA ALONSO HARA. She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
@@MarcelPhilips Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.
@@BrunoLuke MARTHA ALONSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
I so glad i found the dividend bull, his channel has changed my whole way of investing.
Same, crazy to think I it's possible to live off dividends so much earlier
Boris Vlada manages my funds, im up 89k
just this year alone.
@@grantvlada2229 contact please.
@@calvindaniels1267 just email him
Great video!
Very motivational!
Its a wonderful feeling living 100% off of dividends!!!!
Im only 50, and just retired from my government job.
In my case, I shot to the top in a matter of a year and a half by sinking a boat load of cash in one stock (No, it was NOT crypto) and cashed it out at a little over $2M.
Once I reched and surpassed two million,
I liquidated the stock and diversified it in 16 dividend paying stocks...a little over 100k/ yr. in dividend income.
The advice in this video is 100% on point and is what I would also recommend you do as opposed to the very seriously risky method I used to achieve my success at a young age.
Keep being motovated and dont give up.💯
Understandably, the purpose of buying dividend stocks is to maintain a steady cash flow but dividends are slow if you're not yet retired. I have a couple dividend stocks. I've rather opted for a more aggressive approach and so far i've made over $650k in raw profits from just q4 of 2020. Investing has no one way to it.Most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
Normal people buy in at high prices the stock
market goes down,companies buy stocks back cheaper by introducing some "disaster"Stock rises after a disaster and the cycle repeats.. Having a good entry and exit strategy, alongside Professional investment adviser will make succeed in the stock market.
I totally agree with you. what kinds of investments do you make. I have a lump sum right now doing next to nothing in a savings account. but it's hard for me to take part in the market right now due to the fulltime nature of my job. it will be way to stressful to combine so i don't even think about it
@@leonahernandez3752 My portfolio is very much diversified so it's not like i have a particular fund i invest in. plus i don't do that by myself. I copy trades from US regulated broker, Tina Renee Anglin. just like you can copy trades at etoto. unlike i can say for my IRA which has just been trudging along. the nature of my job does not allow me to follow the market closely. my portfolio just mirrors what she trades and not just on some particular industries of my choosing.
That's interesting, I have heard her mentioned somewhere but have not really looked into using her services; just looked
her up and found out she is registered in the US, Are you giving her your money or the money stays in your account? I have heard about copying trades but have not looked into it but i have an idea of what it is
@@calderwoodsoriano1725 it's all programmatic, my money stays right in my account. that's the idea behind copy trading. my account just mirrors her trades in realtime
The dollar dipped on Thursday as investors evaluated the likelihood that the U.S. Federal Reserve will be more aggressive in stamping out high inflation if it persists, while the pound weakened after the Bank of England made no changes to its monetary policy. Fed policymakers have been offering differing viewpoints on how long inflation is likely to stay high and when it will be appropriate to tighten monetary policy, after the Fed last week surprised markets by forecasting two rate hikes in 2023.
The dollar has slipped since reaching 2-month highs on Friday in the wake of the Fed meeting....
The dollar fell slightly after data on Thursday showed that fewer Americans filed new claims for unemployment benefits last week as the labor market recovery from the COVID-19 pandemic gains traction amid a reopening economy.
Sterling slipped after the Bank of England said inflation would surpass 3% as Britain's locked-down economy reopens, but the climb further above its 2% target would only be "temporary" and most policymakers favored keeping stimulus at full throttle.
✔̸️̸✔̸️̸“While the underlying tone was quite upbeat, and we do think that there was a clearer hawkish lean, it was not hawkish enough for those looking for a sharper turn after last week's FOMC meeting,” analysts at TD Secuities said in a report on Thursday.✔̸️̸✔̸️̸
Last report
From the report from my record
The greenback gained to 111.11 Japanese yen overnight, the strongest since March 2020, before dropping back to 110.78. Data on Thursday showed that Japan's corporate services prices rose at the fastest annual pace in eight months in May.
I am using dividend investing to fund my future vacations.
I've considered the same. Guilt free vacations paid for. Amazing,
I'm investing to retire early. Atm my average dividend yield is about 7.3%
What do your portfolio consist of?
I have 22 different holdings:
PBFX
XOM
T
ARCC
SCU
AVAL
WDIV
CNQ
EURN
KNOP
HMLP
PBA
PRU
ACRE
MO
PSEC
SCM
LUMN
SUNS
PFLT
GAIN
OXSQ
@@Layren96 They all have a dividend yield of at least 4% and are most likely going to stay there. Some currently pay over 10% and EURN goes as high as almost 19% at times. They're all good value and likely to grow with the possible exception of the dividend aristocrats
@@burstingwizard975 I just looked up EURN looks like they are having some trouble. Down to 1% dividend yield.
ORC 14% yield and has treated me real good - BDC’s are my favs
It has also declined 50% over the past 5 years. A div stock should at least hold the value or increase...
@@gopals796 I haven’t been holding it for the past 5 years and if you watch Andy’s vids you know the chart pattern has been broken .. a 5 year chart pattern ..
@@gopals796 It fell during the pandemic, but the dividend is recovering. I keep it as a second priority, but I have lower yield, more stable dividend stock.
You like em mean and Green!
I currently average $269 a month. I love dividends
I’ve tried to turn it into a bit of a game. I have goals for each stocks dividend. Buy a 1/4 share monthly with dividends. Then half then whole, after that it’s $100 etc.
@@jonasrominger3065 kindly give their contact.
@@jonasrominger3065 big thanks.
@@garretttodd2182 get out of here. I saw you ask/sat the same thing in other posts. Don’t listen to this fool
@@Dtsweeney Unfortunately these bots are all over the comments of most videos about investing. I'd recommend being cautious and assume that any comments asking for or recommending an individual or service are spam.
I just started dividend investing, bought my first dividend stock this week. I hope to create a passive income stream to supplement my future pension.
I wanna retire early so i can enjoy the stuff that i like and learn differents things like fliping house or cars. Thats why invest in dividends and in crypto.
I like that he mentions not living in cities. I moved to the country nearly a year ago and cost of living is cut in half. I didn't even live in the city I just lived near one. Now I'm 30 minutes away from nearest town and not only is it way cheaper but the fresh air and nature is so amazing when you have loved your entire life surrounded by people, cars, noise, and just everyone else's life.
A good side hustle is selling options. I use the premium I make from cash secured puts to build my dividend portfolio.
Dividends can provide freedom!
I like to think of it as buying a paycheck. When I buy dividend income, I take the income. It’s incredibly motivating. I am then more able and mor motivated to invest my paycheck. Someday I’ll replace my paycheck. It doesn’t change my taxes since these investments are in a taxable account. If I don’t increase my lifestyle, I am able to invest more and more of my paycheck overtime. Also if I lose my job, I don’t lose all my income since I’m working toward the point I can live off my dividends.
Also I’ve maxed out my 401k.
I like this way of thinking. Buying a paycheck. Valuable. Thanks.
Like Warren Buffet said, dividends are only good if the business you’re investing into can’t make good use of that capital. So if you’re trying to invest into businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they’re returning capital to you because they think you can make better use if it than they can. It’s not much different from bond investing. The way I see it if you have a $1 million at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income...
It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
Over the following 3 months, I want to increase my reserve from $280,000 to at least $550,000. I would be grateful for any advice you can give on how to accurately predict the market and how to diversify and balance my portfolio in order to accomplish my goal.
Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
Income portfolios with dividend stocks/REITs can retire you early in 10-15 years with heavy investing if your yeilding 8-10%. With safe growth stocks its going to take that whole 30 years. Your portfolio will be worth more money, but you'll have to sell stock to gain that money. With the income portfolio the actual portfolio might not be up much if at all, but it'll be paying you someones entire annual salary just passively every year and you never have to sell any stock. They definitely have their place. Dont get me wrong I got VOO in the Roth IRA but currently working on an income portfolio on the side to atleast get me in a partial retirement early with plenty passive income within 5-10 years and in 10-15 years a full retirement with enough passive income to chill til I can get into that Roth IRA, sell some of that stock thats grown massively over 30 years and put it towards the income portfolio to boost it and hold the rest incase I need a chunk of money for anything or need to add more to the income portfolio to make up for inflation over time.
I want to retire early and have extra income. Because personally, I hate working 9-5. Lol
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
Yes, I have been in touch with a CFP ever since the outbreak. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $350k.
Pls who is this coach that guides you? I’m in dire need of one
My consultant is *Sharon Louise Count* She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Great video because seeing dividends as a means to pay bills step by step rather than hitting a net worth is so much more translatable to ordinary folks like me who frankly will never be a multi millionaire.
Just switched my strategy up to a slightly more active approach just to keep myself more motivated. I switched from drip on monthly dividends to using the dividend payments on the next upcoming ex dividend stock. It helps compound slightly faster but also keeps me more engaged. Dividend investing can be brutal in the first 5-10 years.
In the short-term I plan to grow my dividend portfolio, which consists only of ETFs at the moment, to $10,000. Then I'm going to continue to grow it until I hit $100 a month in dividends, and from there the sky's the limit! I treated as a higher yielding savings account. Even some of my more moderate ETFs that pay about three or four percent are crushing compared to what I would be getting in a normal savings account or checking account.
Great goal!! My own goal is to buy enough shares of a stock that each dividend payment is enough to buy 1 full share!
@@fvm9576 I'm almost there with 1 of my ETFs! When I see that new "1" share added it will be a great day.
I have $30k and if you invest in high yield stocks, chances are you will only be seeing $200/mnth. It takes A LOT for each $100 in dividends.
Still a few years out on investing (paying off debts first) but with my fiance's help we plan on building up a 400,000 portfolio in 15 years to retire.
In my M1 Finance account I received coincidentally dividends from three separate holdings of 40 dollars each for a total of $120. Then I went to the grocery store. The bill was $120! What a coincidence. Easy come, easy go.
I started investing during the pandemic dip. At this point I am making a good 20 bucks a month in dividends, off of 8k..... Im not sure if that's good or not but I am proud of it.
Edit: my goal is to supplement my income. I dont want to stop working, as an engineer I enjoy my work. But it would be nice to only have to work part time one day.
U should be
Awesome!! I started 6 months prior to the pandemic now im up to 66-72 a month! The pandemic dip helped a lot getting me to that monthly amount...now i have my alerts set up for when a stock i hold drops 3-5 percent and I buy more..these past two day I've bought a quite a few shares. I have automated deposits every paycheck and just wait for the alerts to go off. I know you cant time the market but knowing that we are not fully recovered from the financial issues caused by COVID means I'm sitting on my hands and buying every dip!!
I started in March of 2020 and mine is currently at 6k, but I’ve also have another growth stock portfolio along with the btc I’ve been buying as well.
@@fvm9576 that's awesome man! Ya gota buy those dips!
@@Xv7kyle7vx yeah thats about when I started. I mostly went for REIT's and high dividend stocks at first, but I also have tech and commodity stocks. I'm trying to stay moderately diverse, and recently have been putting money into high yield oil tanker stocks. Cheers.
You should throw in a couple videos per year teaching how you analyze your picks, in my option that’s the most overwhelming part of this journey. I’ve gotten better over the years but I’m still lacking. It feels amazing to have the confidence in choosing a company you don’t have to worry about tanking or bouncing back. Selling off shares via fear is the biggest dent you can put in your portfolio
I grew up in poverty as a kid, and as a young adult when my dad died when I was 18 I took a crappy food service job to take care of my family, and successfully made a easier life for my family through a job I hate, as I'm paying for living and school I discovered dividends a few months ago and for me it's seems like the perfect way to escape poverty and take control of life.
@God's God who said its free money
@God's God I haven't had that problem at all with my picks, granted my portfolio isn't that big
Hope its going well for you.
Probably the most valuable video I’ve ever seen. Just need to slightly change which stocks I allocate my money into and I’ll achieve FIRE by the time I’m 35
I cant disclose too much, but yea I've been using a coach called John Henshaw and through his guidance I've been able to make approx $10k in dividends on a monthly basis, it is pretty straight forward. Not as complicated as it used to be...
I started my ROTH IRA portfolio 2 years ago and every $ I made inside this portfolio is completely tax free. Aside from this, I have another portfolio that is also dividends investing but I do pay taxes. My current day job doesn’t pay me enough to fund this portfolio so I started my TH-cam gaming channel and I’m hoping one day I make enough in my channel to fund a bit more on my divies portfolio. Cheers! Thank you for your video 😊
I have just recently started dividend investing and my monthly average is about $50. I love seeing those dividends add up, thanks for the video!!
Since loosing my job what has been helping me is my investment in ETFs and penny stocks, accounting for over $ 7k monthly dividends still one of my best decisions in life
Nice, that's what investments are for to protect you financially but then you would have invested heavily to earn that in dividends
@Ching Dubay A oversimplification, is to find a company with good history, and solid financials.
Cough* bulsht
LOSING not loosing.
@@DougJDoug noted
$60 a month keep it going boys remember every time you buy more you give yourself a raise!! $$
It's the best part. Watching your payments go up every month.
I'm celebrating my first milestone, I opened my very first brokerage account and bought my very first share of ETF!!
Love the content my man. This channel is going to take off
I've also heard of using aggressive growth strategy when starting out just to build wealth as quickly as possible and then later converting that into your JEPIs of the world
This is my favorite TH-cam channel for investing!
My wife and I live in a very cheep rural area and our yearly expenditures literally amount to like $16,000 on average. So living off of dividends is something that I think is realistic, especially for people in lower cost of living areas.
I’m investing in dividends and half of my dividends monthly goes back into dividend stocks and the other half towards high growth stocks
What about paying bills? Pay bills > reinvestment > dividend payouts going to growth stocks.
What percent of your portfolio is dividend stocks vs growth stocks?
Yeah all towards growth stocks would be nice
@@yackamajez about 90% I know that’s way more than everyone thinks is should be but I love going safe and getting paid for it
@@georgesharp9454 better safe than sorry
I really just want my dividend income to pay for my annual vacations so a portfolio that gives 2-3k a year would be lovely
@@benchoflemons398 that’s the cost of a car these days :)
I'm investing in dividends mostly as a safety net, but also for retirement
I thought this video was on how to start investing to get dividends. I need $2200/a month to live off of. Please make a video on how to calculate how much we need to save to get about $2k a month. Very clear and clean voice. Thank you.
I think something thats also overvalued is living off the dividends alone to make them worth it. What I mean is yes being able to make enough to not have to work is fantastic but having a extra $100-200 a month to spend on whatever is also great! Like someone else said its like giving yourself a raise. I feel like some will get discouraged looking solely at retirement(retirement age)to reap the benefits when you could easily use the dividends a couple years after starting to help pay for things/take a nice vacation etc.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@@devereauxjnr I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@@2024Red-j5t I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@Petroguest-i4g The thing is that I really don't like making such recommendations. But there are many freelance wealth managers you could check out. I have been working with "NICOLE DESIREE SIMON" for about three years now, and she's made decent returns. If she meets your discretion, then you could go ahead.
@@2024Red-j5t I looked up your advisor's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.
Providing for a family of five can be tough. What my wife and I did, is we placed investments on our bill list. If we all we had was $5 left over at the end of the month, that's what we invested.
I've started diverting some of the stocks I was HODLing & putting them to dividend stocks, mainly monthly paying ones. I'm excited for the future, knowing that I don't have to worry about money by the time I can't take care of myself.
Woah... This guy has solved my problem. It means I only need $100,000 to retire where I live...
That's actually feasible...
I want passive income in case I get car trouble or an unexpected bill. And to supplement my income. If I can make an extra 10 grand a year that raises my standard of living.
@Blake I can't agree more only problem is depending on the rate of return (before or after taxes) you will almost have to have a house worth (300-350K) just to make close to that amount. I don't know anyone who makes 20,000 after taxes that has more than 30,000 cash!!!! To me almost 1/2 the total working population won't have 300,000 in 10-15 years!!! Your quote: ( Shoot higher! Imagine 25k in dividend income. Life changing)
Only ETNs I mess with are USOI, GLDI, and SLVO. They are great targets for throwing a small amount of money at every month but they make up just 2% of my portfolio.
Amen; I started with 40k, have it all in USOI, currently sitting at around 57k value now, and seeing anywhere from 600 to 1.5k per month. Hoping my average for the year will stay above 1k, or roughly a quarter of my currently salary.
I love the milestone celebration. It's exactly what I do.
If I were to start a TH-cam channel, this is exactly how it would look. Alan gives us knowledge, strategy and philosophy all at once. Kudos
southgatescapital manage my funds, im up 82k
just this year alone.
southgatescapital
just search it, the first web... then hitup the livechat.
I'm quite late to the party at 27...but I'm going for it. I have two goals - make enough in dividends to pay for 1 small bill. Or buy enough of a dividend stock that it can virtually buy 1 stock of itselfs for the months where I can't
Check out qyld. 2300 dollars will get you one stock a month
Im 26 now. Definitely aiming for $1000ish/month from dividends within the next 4-5 years. At the same time, buying rentals each year hopefully profiting an extra $500-600 a month total (not including equity). That way i switch to barrista fire, do a part time job with benefits, or a passion project. Good video, much love.
im 19 live with my parents and work a part time and spend that on my stocks and i donate plasma once a week 25 dollars a week for 100 a month that i put it in my stocks also i use a bicycle to go to places
I agree with you 100%. Seeing dividends in your acct is motivating
Took early ret at 63. Now working PT and making a reasonable amount of money. Slowly shifting all my 401K money into D stocks. My goal is to make 100K/yr on Divs alone. I've got a way to go but amazed at how much "free" money I am now reinvesting into the market. Trying to live off the money I make part-time and reinvest all of the divs. When looking at the "4-percent rule" I think I'd rather EARN 4% per year in D's and use that money as my income as opposed to withdrawing from my overall nut. Good vid.
I love this video. I want to gradually increase dividends and slowly reduce my work hours so I can spend my more time with my grandson. Thanks for your ideas and the realistic assessment of how long it would take to live off of dividends comparing high interest vs. low interest rates.
Great channel. For U.S. investors, I recommend buying dividend stocks within a Roth IRA and setting up automatic dividend reinvestment so they grow tax free. Be careful buying MLP stocks because they may require filing special tax forms, even when held in an IRA.
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important.
It took me five long years to finally let go of trying to forecast market movements based on chart analysis because, truth be told, you never really know. Not having a mentor meant enduring five years of trial and error. Eventually, I learned to follow the market's direction and keep my approach straightforward with disciplined execution.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Well, this is certainly better than a bank CD or savings interest rate, less than 1%. Everyone need to build a portfolio of dividend paying stocks and not be dependent on social security. Also, reinvest the dividend. I like CIM (8.66% Div, stock at $14.90 and NLY, 9.71%, stock at $9.07). My goal is to build my portfolio through dividends which allows me to buy various quality companies. Very good video.
This is extremely underrated info. Thanks for making all of these videos.
Great video that is not only motivational but a fabulous reminder! My goal in the near future is to have 100k a year coming in through dividends and then 120 and then 140k and so forth. Dividend investing struck me one day as an Epiphany that just made sense. Take a few dollars now and then to buy a new t shirt or two, but basically use these funds to reinvest and add to the overall portfolio of stocks. It DOES work and works well! Next, Covered Call ETFs and bought QYLD today to start.
I really like AGNC !!!
You mean a stock
That cuts their dividend every 3 years and loses value
Its not a good stock
But if you going to buy it
Just know its not that good
@@ralphpal wow.
Thank you so much for encouraging me to get started. Your videos are great and I always wait until the next one comes out so i can watch it and thumbs up! My goal is to use my dividends to pay for a mortgage on a home.
The average mortgage is like $1k a month. That means you would need like a portfolio yielding $12k a year and that would be like a $120k investment.
That is entirely possible. Just keep grinding and stick to the investment plan. Invest every dollar you can.
Passive investment for myself. I have learned through wealthy investors, some frugal people and those who don’t want to be dependent on a job as well as those who are so late that they made a mistake by never investing. I learned from all of them and I take every little bit that can help benefit me for the better.
I just got my first dividend paid of 21 cents today with the email saying it will be reinvested at market open. I know it's small, but it's step 1, and I'm on cloud 9 for it.
If you buy T now at about $27/share.
I use it as a bank.
The high and lows are $26-30 per share.
So even if it does not appreciate much it gives me a qualified dividend of about 7% per year.
The bank pays me 0.5 percent so T grows some but has a nearly 15x dividend yield.
Think about it and you might just like this strategy for T only.
My biggest reason for not investing sooner was waiting for someone like you. I haven't received terrible financial advice, but just incredibly generic. "Get in with a good company that pays 401k, and work till you got enough in it to retire."
Most sources only talk about the stock market as if all you can do is play it like a casino. And so the easiest thing for me was to just live my 20's as I wanted and invest in my 30s and later. I knew i wanted to do dividends when I learned about them eventually under all the "you need a million dollars to live off the interest." But never seemed to find a source i was comfortable with till now.
The prominence of broker apps has helped make getting into the market easier, and your videos have been a good source of info for stocks i probably never would have learned about as most people only give the "slow and steady" advice.
Supplemental income for me, I like the idea of having multiple sources of income. For now I am reinvesting the dividends and investing as much as I can in order to build up my portfolio. I was so exited when I got my first dividend from a single share of VZ, a mere 62 cents, but it's more than a savings account. I just wish I had started investing sooner
I cant disclose too much, but yea I've been using a coach called John Henshaw and through his guidance I've been able to make approx $10k in dividends on a monthly basis, it is pretty straight forward. Not as complicated as it used to be...
no, do not open a broker account in robin hood lol, open one in a long lasting reputable one, very good video btw
@@jonasrominger3065 contact please. ™
@@jonasrominger3065 big thanks..
theyre very professionalº
I invest for income. And been investigating your picks. Stability in this day and age is so important. Keep up the good work.
i only just started investing and my first dividend is next month. my goal is to eventually just be able to supplement whatever it is I'm doing in the future with a little bit of extra income and to have a bit of a safety net if things go badly. if it turns out that my particular strategy works well and i can keep investing more over time then ill expand that to potentially be able to live off. i already live quite frugally so my expenses are quite small so i got that covered but I'm still skeptical of the viability of this strategy though but hopefully next month when the dividend comes in my skepticism will be put to rest.
Oh it is awesome! When I found my dividends coming in and I just basically paid that towards a bill, I was like "WOW, my principal is still there O_O. Did I even pay it? O_o"
I would like to fully retire but it's probably going to off set other income so I don't have to work full time
Currently at $600 a month. My goal is $1500 a month or $18000 a year in dividends and eventually retire in South East Asia. Once I sell my house I definitely can do it. That's not even including my Canada pension.
This video is the motherload. Keep doing great things, DB.
at 17 Years old, August 8th as soon as im 18 im
putting money into SPDH and other good dividend stocks
I cant disclose too much, but yea I've been using a coach called John Henshaw and through his guidance I've been able to make approx $10k in dividends on a monthly basis, it is pretty straight forward. Not as complicated as it used to be...
living off dividends is the dream!
I received in excess of $10 last month 😎
great video. When I get my dividends, i usually look at it as each one i get is a minor price reduction on every new stock i buy, like a mini discount, helps me stay motivated especially when one of my stocks gains a bit over the months. It also keeps me in check ad focused on hitting drip. Income/growth investor mostly looking to help make extra cash for the small things in life lol.
Very pleased to find this video - I have nearly all of the companies you mention. :) GREAT to have the validation - I'm new at this. Since July 2020, I've been growing my dividend portfolio to $137K that is bringing in $635/month so far. I'm not retiring early, I'm 65 shortly and clearing out everything - yesterday sold my life's vintage/work clothes collection for $1100 and invested it in ABR & AQN, new positions. It gained me $5.30/month in additional income with some left over for a growth swing trade, with proceeds to buy more income.
Have you reviewed GOF? Did you do an in depth video on NEWT? I've wondered about building on that position. The dividend is attractive and scary at the same time.
Dividend outcome = (cash you want to invest/price of stock) * dividend of stock
PSEC for example. Currently costs about $9. You want to invest $100. It’s a monthly dividend of 6 cents.
($100/$9) = 11.11 shares
11.11 * 0.06 = $0.66/month
The problem with dividends is it’s not better than just investing in stock unless you put a lot of money into it. You need a million at least to replace your job.
Can you do a video at some point showcasing your entire dividend investment portfolio? Thanks for all the work you do on these!
Thanks your vid was very helpful. I'm nearing retirement and just recently got into investing. Since I'm so late to the game I've been feeling like the passive income I set up won't be enough. You're given me a better plan of action. Thanks once again.
I did not come to dividend investing until I was retired. So, my investing is for the purpose of paying all of my taxes and insurance with dividends. These two expenditures will never go down. They will only go up. And, under circumstances where I have no other source of income, both taxes and insurance have the growth potential to strangle my budget in a few more years. So I am planning to use dividends to pay them ahead of time. Then, nor more worries about those two budget items. Yes, my current desires are small, but they will grow as my dividend balance grows
I just love your page..very well explained in brief details....Thank you !!