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. Salute for the content!
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sonya lee Mitchell turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I live off dividends and it can definitely improve your wealth if you reinvest them to buy more shares, creating a snowball effect that allows your investments to compound over time. It's one of the most passive and effective ways to build an income stream. Steady growth can be truly inspiring! Seeking best possible ways to grow $500k into $1m+ before retirement in 5 years
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Amy Desiree Irish turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
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.
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity.
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
I am just glad someone is teaching people this. I didn't figure it out on my own until I was about 40. I started aggressively investing and now I am 60 and making about half of my income off of dividends and options premiums. If I had know when I was 20 I would have retired a millionaire. Please pass it on to your kids, for their own good.
How it works? I mean is it safe or volatile? Do you have to be all day looking if it goes up or down like stocks? Do foraigners can do it?... Gla you found about it anyways
My Schwab advisor tells me to hold my money in growth positions (not dividends) and then ride that growth and eventually dump some of that into dividend stocks later on. Not sure though.
I was 25 , defaulting on my student loans and making minimal payments on my 💳… until I dated the RIGHT girls. I’m now retired at 51 and we are still together.
@@kolacao8134 foreigners can do it, but if they're investing in American companies, there might be extra taxes to pay. Talk to a financial advisor in your country. If you're new and worried about starting out, I'd suggest starting with a very small amount of money, or consider looking into "paper trading". Paper trading has no risk at all, but it also has no reward (other than practice).
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.
Hearing from an experienced investor who has survived the crisis and prospered is always comforting. It could be worrisome when your portfolio goes from green to red, but if you have invested in strong firms, you should just keep growing them and stick to your goal.
@@ulti8106 It can be if you set yourself up well, but that's more like retirement living. But 2000 a month is definitely surplus if you don't many dependents
@@bobald4389 i use to make 2k a month of my job and i was still saving more than spending just depends how expensive living is rent food and moving is all you really need and some clothes
Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. It's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course.
@@joesphcu8975 Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
Thanks again for sharing all this information, still holding some cash the low is taking longer than expected but I am hanging in there meanwhile as holders we can still make good profit. I added $289k to my portfolio in a matter of months. You must look for support, in the right places
Your attention to detail really sets you apart from the crowd of comments here. I've attempted investing in the stock market multiple times, but the changes in stock value always made me give up.
@@lisaollie4594 Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@Stanley Edwin I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "KAITLIN ROSE STERNBERG" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Stock underperformance and bear markets are to be seen as opportunities to buy and sit tight watching your investment reap returns. Instead, panic and insecurity cause many to sell thus losing out on the markets. Grit, patience and resilience are virtues.
@Nickolas Alphonso Now that's the reality of market, but everyone want bull run and no one wants bear market.. Guess what these are the people who trade with calls and not analysis.
@@carter3294 Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with ‘ "CHRISTINE ANN PODGORNY” ’ and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
@@stevensmiddlemass2072 The Times of greatest fear in the market more often than not are some of the best recoveries. Why? Because people tend to panic when things go bad and overreact. Stay informed and always have a plan. Buy low, hold long my friend.
Only this time it's different.. Thye've been conditioning you guys to think like this. The NWO/Great Reset is here... Keep kicking the cans down the road if you wish!!
In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.
@@tatianastarcic My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
@@tatianastarcic Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that’s the most effective way to enter the business at the moment.
Vivian Carol Gioia is my Advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.
I have challenged myself to put away 50% of my monthly income into stock options which is quite easy since I live frugal without debt. I work as an account executive, and make over $20000. $10000 goes into dividends, and the other $10000 covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term. Good luck to everyone and thanks for the great video.
@Joey PerolliniWith the help of a pro financial advisor, Herman W Jonas, I’ve gotten into stocks and fx, splitting my funds in different assets that have brought me huge roi. I just reinvest and grow my portfolio. Here,
@Maisy Kirsty I have made over $25,000 in profits, more so because I am reinvesting every two weeks. His strategies cuts across major financial markets which cuts across major markets which I found to generate more profit.
Oh certainly! Sir Herman! I remember the gentleman from when I first met him. Signed up late last year November with him, alreading reeling in profit from my initial $12k investment that has snowballed into $87k over months of reinvesting. Great market enthusiast overall.
I started investing because I liked the extra money from stock dividends. The key, in my opinion, is to make enough money through both investing and dividends, so you can live off the dividends without selling anything. This way, you might pass on this financial advantage to your kids. I've put more than $600K into dividend stocks over the years, and I'm still buying more, planning to keep going until prices drop more.
Hearing from an experienced investor who has survived the crisis and prospered is always comforting. It could be worrisome when your portfolio goes from green to red, but if you have invested in strong firms, you should just keep growing them and stick to your goal.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialised expertise and education, as well as the fact that each and every one of their skills is centred on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
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..
I would think that a major benefit of dividend investing is that calculating portfolio size needed is not relevant. We don't care about the value of the portfolio. We care about the sustainable income it pays. As you invest you can gradually see the income rise as you invest more and pull the retirement trigger when it's high enough regardless of the market sentiment.
by calculating how much additional income the contributions produce and estimating how that income rises. the capital value will fluctuate up and down over time so the amount of income new additions give you varies. so capital value being high with a market yielding 2% is no worse for retirement than the same portfolio at a different timepoints where the capital value is half and so the yield is 4%. so long as the yield is sustainable in real terms the capital value being half does not matter. its the same income stream at a different moment of low market sentiment vs high market sentiment.
Although there are many of chances in the financial markets, I've learnt enough over the previous few years to be skeptical about that. Knowing where to focus is crucial. When I started properly monitoring my investments, I started to amass riches. The importance of professional mentoring cannot be understated. Without the right coaching, people are more likely to make errors and lose money.
Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Carol Vivian Constable 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.
I want to invest $40k in profit-yielding dividend shares but am not sure which to buy into because dividend-paying stocks don't give rapid price growth and can provide a steady income stream.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.
It's always inspiring to hear from a veteran investor who has weathered the storm and come out on top. When your portfolio turns from green to red, it might be unsettling, but if you have invested in great companies, you should just keep adding to them and stick with your plan.
@@joesphcu8975 Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you
Simply do this; disregard the market opinions and projections. I'd suggest buying shares of reputable firms and holding them for long that's exactly why investing in stock now will be the best a favorable decision
Be careful not to be lured into the market too soon i rather be buying low in periods of instability than chasing when market starts to rally, but above all, this current situation has really opened my eyes to the importance of a good financial coach
@@FeliciaJudge Trading used to be a stressful "Rollercoaster Of Wins And Losses with no Consistency. Since learning the rules, all i've done is follow them. The results came effortlessly
@@gracesdonny1532 I like the fact that all you do is follow the rules. I have bought so many stocks in individual companies, right now I find it safe to invest in an ETF that tracks the S&P500 and ride it out. I put $180k into some growth stocks with a Financial advisor handling my portfolio. some of my picks are, NVR, LISP.SW, SEB, VOO, DOWJ, BRK-A, AAPL, IVV, NYSE, NASDAQ, TSLA I've gotten 71% return so far this year, I'll see where it goes.. fingers crossed... you have to apply rigorous trading strategies, which you'd have to be a pro for. or else you might lose if you don't know what you doing
@@emilybrown2719 Pay no mind to all the major companies announcing layoffs. do you by any chance do referrals on your FA ? so I don’t make mistakes that are going to cost me a lot
@@tradekings5433 I have saved myself from all the hassle that chaotic market causes. These days the best way to come into the market space is reading, studying, patience and seeking guidance when necessary, due to my line of work i can’t handle my portfolio so i just copy the trades of ‘’Susan Agnes Hancock" a CFA i saw on Bloomberg business news. It’s been smooth since then.
Super relieved to see that someone is teaching them this. I didn't find it out until I was about 42. I began investing actively at the age of 34 in the stock market with the assistance of a licensed broker who I met at a financial seminar. I'm 50 and Currently newly retired with over $3 million in net worth and no debts. Spending time with our children and grandchildren! also now make around half of my income from dividends and option premiums. If I had known when I was 20, I would have retired a billionaire. Please pass it on to your children for their own good.
This is relatable. I'm currently in my mid-50s. This is also to what my wife and I did. I withdrew some cash from a property of mine, and with the help of my wife's financial manager, I made a significant market investments over the previous two years. I won't be able to catch up to m wife's earnings over time, but at least I make more now. Even before I retire, my income has increased by 71%, compared to merely using my 401(k), my retirement savings has grown significantly.
Unfortunately, most people do not have access to such information. I don't blame folks who freak out. A lack of information can be a significant impediment. I make more than $47k passively by investing through an advisor, and I'm not doing any extra work. It makes no difference if the economy is misbehaving; outstanding wealth managers will always generate profits.
@bezosjesss I definitely agree with your opinion on these firms. You may do the same thing I did when I first began out and look for a few independent licensed brokers/firms online. I no longer utilize anyone other than "HEATHER LEE LARIONI" as my investment advisor. Since I began utilizing her services years ago, her methods have provided extremely steady, reasonable returns in bonds and ETFs.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have about $700k amount of capital to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
My Financial Consultant is Lisa Angelique Abel. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
Lisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I set up a call with her so I could use her services.
I hated the tech industry and was burned out. I sold my house in Seattle in 2016, moved to Houston and invested the roughly 450k into closed end funds, business development companies, preferred stocks and reits. I don’t own anything that pays less than 8%. My portfolio is currently returning 9.6%. The current value of my account after 5 years has not gone up much but the income is stable. I make about $3600/ mo which allows me to live a comfortable simple life in a 1 bdrm apt in a pretty nice part of Houston. I definitely recommend to heavily diversify. I don’t have more than 5% of my portfolio in any one position.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations in stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by the name *Margaret Ann Warnken* and everything changed. I started enjoying huge returns from my investment.
The market's direction can change rapidly, showing a tendency for indexes to transition from a bear market to a bull market when the news is at its bleakest and investor sentiment is at its lowest. I came across an article mentioning individuals who earned profits of up to $150k amidst this downturn. What are the best stocks to buy now or put on a watchlist?
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisorr, you can be passively involved with the aid of a professional.
Elise Marie Terry is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@@ThomasHeintz Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
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.
@@jamescomb1170 A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@jameswood9772 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.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "LISA ANGELIQUE ABEL" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
I invested about $400k some years back into ETFs, some bluechip and individual stocks which makes me about $20k monthly ROI still the best way to build up
Smart, I must commend you because etfs will keep making you solid profits through compounding while the other stocks pays monthly although advantageous you started big
If we taught kids that $4000 invested monthly into the S&P 500 index (8% annual ROI) will grow to $2,350,000 after 20 years, $3,800,000 over 25 years and $5,600,000 after 30 years then we will have a lot less 20 year old making $35k and running to the Mercedes dealership to blow the money
With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.
Still with Tesla stock, investors can never be sure what will happen next, bearish periods ultimately establish a new set of stocks to buy and watch while setting the stage for a robust new uptrend. I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
@@williamsbrown4026 Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@UshnicYuvnikof I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
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 Financial advisor for advice.
My portfolio has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
What is the best way to profit from the current market while I'm still figuring out how to diversify my $400k worth of stock portfolio to accrue more dividends?
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
I'm so pissed I didn't know this stuff in my 20s. This should be taught in school. I got started, better late than never. I've got about 20 years to dividend invest.
@@skooltalkpodcast8081 You're awesome kid! I'm 42 and just started my investment journey last year. By the time you're my age you'll be a millionaire a couple times over if you stay away from debt (including student loans) and do your investing.
Yes it is so stupid the way that schools are run. I have four years of college and several degrees and my pay has dropped from 45 a hour to 23 a hour and no insurance.Basically employers using technology over human function and this is why the school system is antiquated and way off. I should have started earlier in my investing. The thing is what type of lifestyle is this guy talking about . I have paid off my house and have 400 k invested. I plan to retire in 3 more years. I believe based on what I spend now as I am thrifty. That between social security and passive investing I can maintain around 65 k a year. Hence if I am making 23 a hour now plus I get a few bonus pays a year which I only get if I leave out of state and leave my home to get to get my wages to average 30 a hour per year. I still will be getting a raise when I retire. So I am already living the life style that will be needed. I love running and it doesnt cost hardly anything maybe few dollars a day so I think you have to figure what type life style your thinking of living when you retire
Absolutely agree. What did Pythagoras and Newton give me apart from a headache. Compound interest however will make me a fortune. Good luck on your investing journey
@@skooltalkpodcast8081 keep going and never stop. Do a spreadsheet so you can predict what your eventual wealth will be if you stick at it. At some point you won’t even have to put new money in as it will feed itself. Best of luck
I don't know how he thinks 7% is "massive" dividends, there are riskier REITs and ETFs that pay upwards of 10%-15%, some of them monthly. My portfolio is just over $125,000 that I've been building this past decade, and I'm getting an average of 9% annually. I"m also heavily diversified, I own over 60 different stocks, etc. so if any of them fail or stop paying dividends (a common occurrence since the virus) I can let them go without damaging my total portfolio. None of them take up more than 5% of the total, either. Basically I don't put all my money on one horse in the race.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
In all ramifications, this seems like the worst period. The markets are now very unpredictable. Started investing recently when the market prices were a bit high sadly today, I am more than 60% down
@@sakhalittle9206 Lol. I am one of them. Not a pro though not even close to that... Started last year and in all honesty, wish I had known about him earlier.
My mother lived off of $1200 a month social security and no debt and a paid off mortgage for 29 years - imagine that 😳 She just passed in February 2022 - this life requires discipline, not money.
it requires that no debt and that mortgage being paid off. Sorry about your mom but don't paint the picture that $1200/mo SSI is feasable, and that discipline is with not going out, travel, foods, things, etc.
@@cjschmitt4882 Hopefully by the time you are 62-70 years old to draw Social Security you would have paid off all debt incurred from age 18-62 including a home, if that was your choice. Discipline FTW!
@@kimyoung8414 very true! I started investing in 2016 and that same year I pulled a profit of about[$300,000] with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you
@@erichkraetz2622 How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks
@@checkforme234 My advisor is 'Eileen Ruth Sparks'' In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
Or as you go heavy on one, start diversifying when you are getting about halfway to your goal. Risk is always there no matter what you do, of course the sooner you start the better. Though if you aren't making 100k a year or didn't start in @18, you are going to have to be lucky on a meme stock OR going to have to play with some higher risk.
Diversifying slows growth and puts your goal post out longer. It's a better risk to choose up to 5 stocks that will withstand long term market fluxes. The only thing is you have to do a lot of research to find the right stocks for you. Otherwise just buy into an EFT.
At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.
The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.
You're not doing anything incorrectly; you simply lack the expertise to capitalize in a down market. Professionals with extensive expertise who must have witnessed the 2008 crisis are the only ones who may profit significantly during turbulent times like this
@@oscarjiron6974 I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?
@@AnthonyHart34 I wholeheartedly back financial counsellor Sharon Lee Casey, who holds a US SEC licence. She has been helping me for a long with my portfolio. You may look her up online because she has many reviews.
@@oscarjiron6974 Fascinated to know, Her credentials are undoubtedly excellent, Sharon appears to be very knowledgeable. I discovered her online profile and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, so I scheduled a session with her.
I am 25 years old I make 200 dollars a month in dividends it feels really good to have my dividends pay for my gas every single month without doing anything haha QYLD is my favorite it changed my life
It's not always about being a millionaire. Just getting your money to start GROWING in an upward trend is enough to be grateful. Keep working hard and spending less until you find a happy medium. Things will stabilize if you invest in sound stocks/etfs. Don't spend what you cannot afford to lose and always ask yourself if you can survive if you were forced to hold for a year or longer...
Most of those on TH-cam seem interested in increasing their incomes. I don't know how many want to be millionaires but is seems to me income increases will help achieve financial goals a lot faster. Income is not everything but being a millionaire means you have so many more options than if your not all else being equal.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
Having an lnvestment advser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $320K in profits so far, Its clear there's more to the market that we avg joes don't know that Investment advisors know.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Great take. Don't forget to diversify your assets. Owning a physical house that you can rent out or whatever is allot different than owning shares in a REIT. Even though it is usually a conservative suitable investment, it is still paper.
Paying off debts is also something people need to consider as well. Hell you would be surprised how much life comfort an RV/ Mobile home parked on a paid for couple acres is worth when the market takes a dump and there is a pandemic going on. Best 12k I ever spent.
That's right. Diversification is also important. If you're living in an area/country where real estate is gaining value over time, more or less following inflation, you can get a mix between rent income and value increase, whereas REIT hardly gain value over time so you need to make sure it beats inflation by a good margin to secure long term benefits.
Some important info is missing. 1 - Liquidity issues 2 - ETF or stock that underperforms 3 - Risk of stop of dividend payments 4 - % Allocation and rebalancing
Wow, he puts together a somewhat simple concept with examples and real figures in less than 14 minutes and you expected it to be a full investing course? He didn't cover life insurance, flood risk or terrorism either. Sarcasm aside... My point is that it is unreasonable to expect all factors to be covered in 14 minutes and the viewer should expect that this is just a waypoint on the journey.
@@MysticWanderer So maybe your suggestion is better directed to whoever named the video. You could suggest something like “A partially thought-out and poorly explained simple concept that omits substantial information”. Sarcasm aside, these obvious (to those who know) omissions are the equivalent of purposeful misinformation, and that’s what people are pointing out.
I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so I’m quite indecisive on how to tackle this market, any advice would be grateful.
I’m both a dividend and growth investor and there are Great dividend stocks out there! The trick is to diversify and put in enough to where you actually get good dividend payments Monthly. I made my first million from repositioning and rebalancing
I have copied trades of a financial adviser and portfolio manager Lisa Angelique Abel for over a year now, she is quite dexterous. Although this is done automatically I have been able to learn a few tricks to help me trade on my own. She takes a performance fee after you have made profits, her style of trading suits me perfectly and I recommend her to you.
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@robertosaviano215 You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Laura Marie Ray is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
@@andrewchandler0 I just looked up Laura online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
I saw in a video that though dividend-paying stocks don’t offer dramatic price appreciation, they can provide a consistent income stream, I want to spread across $400k into profit yielding dividend equities but unsure of which to get into.
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
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.
Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like ‘Carol Vivian Constable’’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
I absolutely LOVE that you clarified up front that real estate isn't passive income. Way too many people buy into that hype of "buy some houses and I can kick back and live off the rental income". What you actually do is "buy" a job. Yes, you work for yourself, and you get appreciation. But it sure isn't passive.
I have a small portfolio but I got my first dividends this month. I can’t wait to see next year’s returns as I grow my portfolio. Thanks for sharing this video!
Awesome. A lot of people say the market is burning hot right now. As a result, I've been slowly reducing my contributions and stashing money on the side. If a crash/correction or downturn happens, I'll deploy that capital and scoop up some stuff at a discount. My online brokerage also allows me to deploy margin up to 35% of my portfolio's total value, so that's a few thousand more that I can use as well
the equivalent of 4K dollars a month where I live is a lot of money, I wasn't even thinking this high. good to know I can aim for lower and still get satisfying results
Excellent video. I grew up poor and I’ve done this. Still working at 50, but only because I want to. Still reinvesting my income and still growing my monthly dividend.
Great video! This is easily one of the most practical and realistic videos I’ve seen on the subject of dividend income. I could easily live on $1500 or $2000 a month. One thing I would like to see covered in a video is a breakdown of the tax implications of dividend income. Thanks for the very informative video!
HaHa live on 1500-2000 where? rural meth town west virginia? Sure not doing it in a livable place like California or New York or any decent state. That wont even make the rent or house payment in 99% of America!!
@@davenone7312 you can get a decent place in a rural area for 600 a month. I agree with the others. California and New York suck. Shitty soulless places to live.
@@davenone7312 A lot of people have their houses paid off by the time they get to the point of living off of their investments, so living expenses are drastically reduced. NY & CA suck, thus the exodus....
I'm actually invested in almost every company you mentioned. My average yearly dividend return is a bit over 6%. I guess if you do the math, I'd need about $800,000 distributed in the same way into my portfolio to make the $4,000/mo. but if I keep up my out of pocket contributions going at the same rate and let the snowball effect add to it as well, it should start to really gain steam.
@@787310 unfortunately I just started so inflation is a real concern, but I make 6% of my total contributions in my portfolio (which are subject to tax), and I'm looking at a 5% unrealized gain. Considering inflation is off the charts, I'm pretty much just treading water right now.
@@PatrickOnDemand how many years have you been invested? Have they been paying out the whole time? What has the capital appreciation been over that time? I have so many questions!
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
The investment-advisor guiding me is Diana Luise Hines, she is popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@CraigMitchell376 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@Scarlett Bell you don’t lose your money until you decide to sell. Only then do you “lock” in your losses. The market will be tumultuous with the fed’s handling of inflation and the rest of the hot mess.
As someone who is beginning investing long term and in dividend shares/etfs this is a great watch. I don’t necessarily have the goal of just living purely off of dividends, I treat it more as a passive income source once I retire along with my superannuation/pension fund.
That's how it should be, it's too scary and risky to just leave everything behind and depend solely on your dividend income. You can actually do it differently - invest, reinvest and enjoy everything after retirement.
Awesome video! Only thing I would add to the Altria example, and hopefully it helps someone, is that you don't actually have to save and invest over 600k into a/the company due to how compound interest works. Just stay focused on the goal and invest consistently and every time you get a dividend payment simply buy more of the stock, or more stocks in general. If you plan to invest $500-1000 a month at some point you will start getting $500-1000 a month in dividend payments, which in fact doubles your monthly investment and makes it easier to reach your goals.
No , thats not what was implied… what was meant is if you consistently add 500-1000$ each month eventually youll be getting dividend checks for 500-1000$ and once your at that level if you reinvest your dividends itll be doubling your investment rate. Essentially speeding up the whole process of achieving your goals
@@Roger124ification Trying to explain compound interest on a YT comments section... I applaud your effort in fighting the good fight. But some people just can't get their heads around compound interest. Don't know what it is, it's something like how some people actually don't like music of any kind or can't understand sarcasm. I have given up trying to understand other people.
Sad replies, it's called compound interest. You get your monthly pay off your dividend. Instead of saying YAY INCOME you take that 1500 and you buy more shares of reality. Over....and over....Over.... Over again. Till the point that 1500 earnings. Turns into 4 grand. Then you can retire. Thinking about dividends as a income is toxic and should only be considered as a surplus.
Dude you killed it. Best dividend video i’ve watched. Made me feel good about being a dividend investor in a world full of growth investors now a days 😂
Forget living off this, i just want to learn enough to be able to cover something like groceries or something. I'm just now starting to learn about this but i'm 31 years old sadly. I have a decent amount of money saved up at least, but i really need to look into this more.
Great video and I absolutely agree that dividends are the one of the best ways to generate passive income and the sooner you start the better. I’ve been doing this intensively for 12 years and it’s the best thing I’ve ever done.
Glad my dad taught me about dividends. At 20 I already have a pretty good portfolio and I’m already bringing in a good amount a year. Once I’m out of university I’ll be setting up a percentage of my wage to go towards stocks
@@Kitiwake I’m currently sitting in a factory I work in and when I get home I’ll be studying for my degree. I work for my money. I’d argue it’s almost idiotic to call investing lazy. The whole point is you put in the effort to get the money and then the money works for you.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
Don't sell yourself short - there are definitely multi-millionaires watching this video as many of us continually look for areas to diversify and investigate new ideas we may not have yet considered. Many of us accumulated the large amounts you mention using compound interest over 30+ years of working. That still got me retired by age 57 which was considered young before the recent FIRE movement. But indeed buying dividend stocks and reinvesting the divies got me most of the way to the goals and it will work just as well today though market pricing seems a bit high for me right now. I agree that dividend investing is the easiest way to get that income - I think you are rediscovering what has been known by many for generations and used by many a retiree today. I've yet to dip my toes into the covered call ETFs but have been thinking about them and I'll keep a watch on these 3 you mentioned to see how they react to market drops over the coming months. This feels safer and more sure than crypto bets to me at least. Thanks for the informative video and ideas as we are never to old to learn.
@@calphak7389 I think one advantage to CEF’s is that they hold a basket of income stocks as opposed to just an individual stock. So more stable. But since they trade like an individual stock, they react like single stocks in terms of higher yields as prices drop. Using dollar cost averaging will increase your yield over time.
You need to balance between growth and income. The growth hedges against inflation and the income is what you live off of. A balanced portfolio will probably yield only around three to four percent of dividend income and yet will still grow steadily.
It will happen for you and everyone who makes that decision to be comitted and dedicated! Id rather have a goal that I may or may not reach, than continue to be wasteful and wonder 20 years from now. I learned this method and am applying it with crypto and stocks. Tried to get my friends on to this dividend magic, obviously we are not the same.
@@TheFinalChapters You can be gambling with any financial market including stocks.. Crypto is an investment with many uses.. Making interest off crypto staking is just like dividends on stocks.
I am retired from the military and the postal service so I have a decent monthly income; I retired at 58 and the dream doesn't meet the reality IMHO. So don't wish your life away go to work and enjoy the company of your friends and coworkers and being young. Being young is the true pot of gold you can't get back. Some good advice on this channel just don't sweat it if you're not made of money yet.
I did try selling covered calls on my stock holdings. In general my experience is that I collect a small amount - then watch as my successful stocks rip higher. Of course I've been called away so I don't get the appreciated value of the stocks I sold calls against.
It depends on the volatility of the stocks. Writing put options on stocks you want to hold is also a good plan. Tesla for instance has weeklies covered calls or naked puts with premiums around 1% of the net value per week. Meme stocks can provide higher returns (5-10% a week sometimes) but of course the risk is higher. In any case the more capital you have the easier and it keeps compounding year over year.
@@cdm1949 well Qyld sells calls across the entire index. Not all of those are going to run up. If they do you still get profits. There's no guarantee it won't take 6 months for your stocks to rip higher, if they ever do. If you get a drawdown you can sell premium to get yourself back out. I'll take regular income week in and week out over holding a stock for potentially a long time with nothing to show for it. If they occasionally get a win it just ensures they'll return as a future customer. A lot of times they're going to lose. Just like at a casino.
Overall in calls you compete with massive statistical models in a betting game. They will beat you all the time, completely worthless excercise. Don't play chess against a computer / the house always wins.
Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing people's lives.
The problem with covered calls is, you're giving up stock price appreciation for that yield. I'm not bashing on it. It's a valid strategy. It just seems way better than what it actually is to someone who doesn't understand the opportunity cost of the strategy. I've been there and missed out on some big gains.
No. the problem with covered calls is hanging on to a loser while you are waiting for the option to expire. Sure you made $.15 per share, but the stock is down $3.00...
@@markbaker3238 Yes, that's a possible issue as well if you're selling covered calls and ultimately want to get rid of the underlying stock position. With my comment, I had in mind one of my past experiences where I sold covered calls on a stock that I'm bullish on (as a means to reduce my average cost). The stock kept going up significantly, and I ended up needing to buy the position back. Actually, your example of the risk is more relevant with the strategy being discussed here in the video. Now that I think about it, my situation's different.
So glad I found this channel, very refreshing to see someone down to earth who realizes 1mil or 3mil is just not attainable for the average person. On a side note I would love to see a video or just some advice about some PIMCO funds. They look promising but ive heard CEFs can kinda be a money trap.
My uncle retired during the 2000 tech bubble with $180k and stuck it all into PIMCO (PTY, PCI, PDI) and now has $1.5M. PDI will be absorbing PCI and PKO next month. So, you may want to consider that before buying PDI. After Oct. it should be good.
The average person CAN have 1 to 3 million dollars. They simply don't prioritize. I am not smart or even hard working. And have easily invested over $1M -- but I prioritize my freedom over cars, boats, gambling, etc....
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I wrote her pertaining my financial goals.
Time in the market always beats timing the market. For most of your working life, you'll want to invest for capital appreciation first and dividends second. And even when you retire, you should only have as much in these dividend-generating funds as you need for income. You can shift in more over time (as you need/want more income) but don't overdo it. If you doubt this, look at how these fund perform against their requisite index over the long term (ie. compare QYLD to QQQ). There are costs associated with selling/buying options and it can add up to a great deal over the long term.
Keep in mind the higher the yield the greater the risk. Also, companies that offer smaller yields often grow them much faster. If you're Canadian, buy Canadian banks.
I agree with you. Buy large cap stock such as bank stocks. Banks will pay you to own their shares. Also, more importantly in this environment is to hedge yourself as we have a risk on and risk off environment where currently we are on a risk on environment. Risk on being money going into the market. If the market turns then we will go into a risk off environment where the hedging comes into play such as hard assets (silver and gold and other precious metals), cryptocurrencies, antiquities (old items that one earns that can bring in money). I am just bringing awareness to share to all as I have received this information to help the average person who are trying to get by. I hope this helps.
I started investing rather late in my life because I put much more down in my house and frankly I was passive in making a "move" towards investing. I have a ROTH and I invest mostly in dividend stocks of companies of my choice that I find suitable to my "liking". While I have a long way to go, I am maximizing my annual contribution and it is nice to see what became as dividend pennies every other day coming in, are now dividend dollars coming in every other day. And since the market has taken a down turn, I keep on "cost-averaging down" while increasing dividend pay. I know it is a game of patience. I probably won't be able to live off dividends alone, but it will be nice extra "pocket-money" when I retire
QYLD had a year-end dividend yield of 7.23% in 2017 and saw a 2-year decline in dividend distribution from 2015-2017 of -20%. You can't live on an unpredictable and unreliable dividend stream in retirement. A dividend strategy has to be based on either investing in funds/companies that will continually increase thier dividend payouts at a rate higher than inflation, or build a QYLD income stream so high that it is 150% of your expenses so you can re-invest 30-50% of the distribution and have cushion to withstand varying payouts and large multi-year dividend cuts.
Fastest point A to B is hustle real estate, being smart about it, don't just go wild, and then when you get to your retirement age you sell out most of that and put it into dividend stocks, and hand pick rental units that have good tenants, paid off, and keep those and turn them over to a property management company, and you won't have to fuss much with them and still bring in passive income. I have a coworker who is about the same age as me, mid thirties, and he has over 2 million dollars in real estate from flipping and buying rentals with the proceeds. Until very recently his full time job was about 10 dollars per hour, and I don't think his wife works. He's just frugal and saves money, and puts that money to work, plus his construction skills, generates more money. I think he has always done side work construction to pad his income, but he did it without having a super high paid job.
Actually, the best way is to invest in crypto currency. If you would have spent all of 2017-2020 DCA a minimum of $500 a month in either ADA, ETH, or BNB you will have over $850k at the peak in March of 2021. Afterwards, you can just roll the profits over into dividends stocks. As long as you understand the crypto market you can experience returns that far exceeds real estate without having to go into any debt like you would have with real estate.
That's a big part of my plan. Entrepreneurship, then once I move out get a triplex and househack. Then I live there for free, or get paid to live there, and I could live comfortably on 2k.
@@killerjay1740 I plan on doing the same thing. Regardless if bitcoin goes to $100k by the end of 2021 or not, the next bitcoin halving takes place on January of 2024. If you DCA the top 25 coins until then you are sure to make some amazing gains in the next bullrun.
I kept waiting for the sell, the ad, the website, the affiliate. You sent people to a Reddit to learn more! That is FANTASTIC. Seriously. This is a purely informational video! And also the first investing video I’ve ever been able to sit through thanks to the straightforward and easy to understand wording. Now I know where to start looking and Googling. Thanks for educating!
It's kind of a trap if you are younger and don't really need the money right now. Even the best of these covered call etfs has only grown about 70% the last 5 years, while Apple has grown 500% in the same period. You'd probably be better off buying and holding normal stock etfs that track the nasdaq or s&p. This video really only applies if you're ready to retire and pull out the dividends to live off of.
You need to add into account the inflation, which means you have to re-invest and grow your portfolio even if you just live off of it. You also need to build in a safety mechanism to account for unusual market movements which may be flat or go down for a decade. So, all being said, I think you need about 25-30% more than what you've pointed out. Those covered call ETFs are great, I own a few, but it isn't performing well in times of the bull market. They perform well in side trading times...
@@ryuzakilawlight Well, the best dividends you could get is probably around 7-8%, for REITs (Real Estate Investment Trust) Like Slate Office REIT for example, and some good stocks like IBM (4.8%), Suncor (currently 3.38% and its half of what it was), Enbridge (6.5%), and so on. I would say you need probably around 400k to make 2000$ a month. If you factor in inflation, around 3-4% per year just to be safe, you will need even more, probably around 800k. The thing is, you have to grow your portfolio in order to match the inflation, and on top of that, you need to grow your income because 20 years from now those 2000$/moth will be worth way less. But that is with single growth stocks. With covered call ETF, you can pick for example FTN, DFN, DGS, CGXF (gold producers ETF) and make an average of 13-14% a year, and investing 300k which should make you 2000 and leave enough from dividends to grow your portfolio to match inflation, but those are unstable investments. It also depends on where you live... in Canada for example if you live only off dividends, you will be taxed less, somewhere around 5% I think. Or if you use it in TFSA you will have 0% tax, which is awesome. What I am saying is that you really need to take everything into account, taxes, return on investment, inflation... In general, in my opinion, if you have stocks and funds with a yield of 6-7% annual, you should really count it as if it's 2%. Because you will need to reinvest to keep up with inflation and a portion of it for taxes. That means you will need anywhere from 800k to 1mil, to live modestly, with all investments growing and income growing to match the inflation.
Only in the cities with a high cost of living. San Francisco, New York, Miami, or Honolulu for example. In surrounding midddle class suburbs or low cost of living states it's between $800k to $1 million.
I invested wisely over many decades, and retired at 52. I enjoyed a slothen lifestyle, full of excesses on many fronts, for quite a while. From experience, I offer the following....You are designed to eat little, work continuously, and live small. I have given up on the former, and remain committed to the latter. There is a difference between being happy and having joy. One is fleeting and easily undone, while the other is permanent and immensely more gratifying.
I love dividends but I prefer crowdfunded bridging loans. They generally command higher returns at around 8-10%, and they're fully secured over property. Of course quality dividend stocks are generally stable, but you still can't beat the stability of a secured loan.
@@blood_sausage9620 Haha, basically if you're flipping property you need short-term finance (instead of a 30 year mortgage, you're only holding the property for 6-8 months generally before selling it on for a profit after renovation). Bridging loans are one of the most popular, an investor borrows money to buy and do up the property and pays interest on a monthly basis, usually around 1%. Crowdfunding options exist for investors to pool their money to provide these loans -- eg. 100 investors contribute $1000 towards a $100,000 dollar loan and get say 0.8% back per month after the loan company takes its cut as the middleman. It's great -- you get higher returns, and since it's with property the loan is secured against real estate so if things go belly up the property is repossessed and sold to return your capital to you. Don't get that in the stock market.
@@blood_sausage9620 Or if you are wanting to rehab a property like a rental home, apartment complex, 7-11, office building, car wash facility, storage facility, etc. and the property can't be rented out until this rehab happens a bank will not lend if there is no current cash flow. So, Bridge Loans are used for between 6 months to 2 years and are usually 8-12% annually. Like @Awedio Music said these are secured over the property so they are secured by the property and since you are lending money you can take control of the property if the contract is structured correctly.
Question for the board: I have 750k in my IRA/ROTH. It's my understanding that if you invest in some of these high yield stocks the monthly/quarterly distributions are considered income and thus have to pay taxes even if they are in an IRA/Roth. 1) Are the options funds the author is proposing here falling in the category of interest distributions and thus you have to pay taxes or are they exempt if held in an IRA/Roth? 2) For those with IRA/Roth what strategies/funds are you invested in that still meet the criteria the author 's strategy without having to pay taxes. I am currently 61, retired and have a net monthly income of 4k with 50 k to invest outside my IRA/Roth Thanks in advance
As long as you leave the dividends in the IRA you don't pay any taxes. You only pay taxes when you take them out of the ira. Then they count as regular income.
Without having to pay taxes? I mean….at SOME point, taxes will have to be paid , upfront or at end. Even hiding money overseas is changing in the future ( as in will be taxed).. You know about the two certain things in life, ha ha!
I know someone who started investing at 37. He sacrificed a lot to invest but he was able to retire at 52. Now living a very simple life and happy. Investing does work but you have to learn the game and play
Really enjoy your content, keep it up. I've noticed with all these kind of videos, when someone works out the calculations for say making 48K a year in dividends, no one ever factors in taxes. If you want 48K a year you need to account for what you will lose to capital gain taxes.
If you were living on a $48K per year salary prior to retiring, you'll actually have more take home pay living off $48,000 of dividends/distributions. That type of income is treated much more favorably from a tax perspective. You'll also likely get nearly free healthcare since you won't have any earned income. The effect of not having that expense boosts your spendable money even more. There's a lot to consider...
Honestly, I would still keep a job, but plan on matching any bill with dividends. You can be financially free when passive income offsets expenses, but still be working to generate more wealth. I think I would get bored up if I did not have at least some type of job.
@@dalehurtt4586 true, and Roth's are great for this. But remember these have limits. A Roth for example only allows you to deposit $6k each year so you would never be able to get to a portfolio of say $600k this way, although it would certainly help with some of the taxes.
Alot of people forget you can live off $1000-$2000 a month in a cheaper country like Portugal or Spain. But in the U.S, it just depends on where you live. Plus it depends on the lifestyle you want like either minimalist or luxury. I prefer a minimal lifestyle. I'm not materialistic anyway. Good luck investors!!!
YES!! Thank you for mentioning this. I would add ~$1K/month to this for income taxes. I would also like to see the impact of inflation on this model of investing.
It wouldn't hurt to tax loss harvest from time to time. Sell shares in a stock you know is going consistently downwards during tax season so you can offset the sheets.
Your TH-cam video, specifically this really speaks to me. I appreciate that you say in this video what I have been saying about Johnson & Johnson and others that stocks for so long. I personally am not a covered call person but I can understand the appeal of them
You are so amazing for sharing all this. Retirement just scared me so much that i usually procrastinate when it comes to actively doing something about it, your videos are such an inspiration.
Living completely from dividends would be hard to achieve for most people, but they could definitely provide a supplement in retirement. I prefer income funds that provide a monthly dividend per share. I look for a low NAV price and tight control of the NAV over the past 10 years. That way I'm purchasing more shares for my capital investment with less chance of investment value erosion. It has worked well for me during times like these when CD's provide nothing.
That is exactly what I want to do just earn money without lifting a finger instead of all the earning my money will do for me.:)) I will just eat, sleep, walk, sit outside and watch nature.
The sentence does not make sense. "That is exactly what I want to do. I just want to be able to earn money without lifting a finger..." instead of earning all my money through working? "I will just eat, sleep, walk, and sit outside while watching nature."
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
@@Noah-pj6tc I don't manage my portfolio myself, this is handled with the expertise of a senior investment analyst Mr Benjamin ravies, and as for amount I put £ 10k into it but you can start smaller
Love that you mention how difficult it would be to get that large a position in something like JNJ. Downside to the covered call ETFs is that if I'm 40 and plan to live to 70 or longer, will this stocks last so I can still count on that dividend. That's why I like to focus on the lower cost dividend kings and aristocrats that you can mostly bank on having staying power.
the covered call etfs may not "last" until your 70s or longer, but using them now to supply you with extra ammunition to buy those lower yielding stocks with "staying power" can be very beneficial. i am retired, but i'm currently generating over $3500 a month with high yielding stocks, etfs and closed end funds. currently, only a small portion of my portfolio is invested in the kind of stocks you are talking about, but once i build my passive income to $4k per month, i plan to start using all dividends to invest in those champions, kings, and aristocrats.
I would only consider the ETF he mentions that has puts/calls given the stretched valuations of the current market. Your risk of loss to principle would decimate your account.
I watched a video from a guy giving a ted talk sort of thing that was very interesting. He did the FIRE strategy with extreme focus, him and his wife both worked full time and trimmed their expenses as much as possible and saved and invested everything left over for 10 years, then both retired, but he still works, just on his terms, the amount he wants, when he wants, and for his own purposes. He uses his labor for other things like he volunteered to build houses and learned the skills he needed to build his own house so after 10 years of being retired in his early 30's they had a kid, travel all the time, have a bigger house and more money, but neither have worked a 40 hour per week 9-5 job that entire time. A lot of people think of retirement as sitting down in a lawn chair to watch the grass grow, and figure on just drawing off of the ever shrinking investment, but his strategy was to have a livable dividend income, not sell off bits of the investment, and then supplement it with various types of part time work when he feels the desire or need, and that funds extra activities and adding to the portfolio. I don't think he said what his career was before retiring, but I believe he is staying active in it, taking contract projects so if he needed to return to work full time for any reason, his skills wouldn't be gone.
@@VanillaEarth744 well, i guess you would have to go way back to my first job out of college in the early 1980s. the company had a 401k and i put 6% in and the company matched 4%. but i didn't really get serious until about ten years ago when i converted three 401k accounts to a traditional ira. the total starting amount was $293k. but i didn't really start focusing on passive income until my wife and i bought a rental property. and i didn't start focusing on passive income in my ira until about two years ago. up until the past couple months things have been very good in my portfolio. today is a massive bummer. but i am confident that things will eventually turn back around. i'm not ready to panic. experience has shown me that over the long haul, the market goes up.
I'm watching this a year after you made it. For a change, none of the things you recommended spiked immediately after your video, then nosedived shortly thereafter. Your advice is genuine, mostly accurate, not misleading, and worth taking. Thanks!
It's one of those growth versus income arguments. You focus primarily on the income side that doesn't value selling stocks but rather making money from them. I started thinking this way but I've found a mix of income and growth really have expedited my compounding ball. Other than a couple losses on some long shot stocks, I've been seeing significant growth of 5+% per quarter including reinvestment. CLM has been a gem of my monthly dividend payers besides JEPI. CLM has given me 18% growth in less than 3 months and $.1607/share dividend and an announcement they are continuing the % payout next year.
@BeijingOperaFan I definitely have a stop loss on it. You have to know when to run but I'm cautiously optimistic having gotten in fairly low. Historically it's a slow bleeder but been around for over 30 years.
While I primarily am a Dividend Growth Investor, I try and keep about 15% in non dividend growth stocks just to ensure my portfolio still gets some capital gains juice. I think something similar is a good idea for most folks.
The other issue with investing in a tobacco company is are you comfortable making money on other people's misery? As much as I want to retire early, I couldn't do that.
The thing is about that is that the dangers of smoking are well known and information about the dangers is freely available. Virtually everyone knows this today and still make the decision to smoke regardless.
Its their choice to be miserable. No one makes anyone drink or smoke. I was around both growing up and never did either. Its a choice. I will gladly take their 5 percent dividend. If it helps you can contribute some of your dividends to Cancer America.
Tobacco Companies say smoking does not cause cancer or heart disease. They have their own research to back it up and pay off Congress to not make Smoking illegal even thou it cost Taxpayers 100's of millions in health care cost. Politicians have no problems taking those donations(bribes) and you should not either. (taking dividends)
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. Salute for the content!
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
That's impressive! I could really use the expertise of this advsors, my portfoIio has been down bad. how can i contact them?
Credits to 'Rachel Sarah Parrish' she has a web presence, so you can simply
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.
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sonya lee Mitchell turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I live off dividends and it can definitely improve your wealth if you reinvest them to buy more shares, creating a snowball effect that allows your investments to compound over time. It's one of the most passive and effective ways to build an income stream. Steady growth can be truly inspiring! Seeking best possible ways to grow $500k into $1m+ before retirement in 5 years
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Amy Desiree Irish turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
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.
the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
That's impressive! I could really use the expertise of this advsors, my portfoIio has been down bad. how can i contact them?
Credits to 'Melissa Maureen Ward' she has a web presence, so you can simply
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.
I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity.
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I am just glad someone is teaching people this. I didn't figure it out on my own until I was about 40. I started aggressively investing and now I am 60 and making about half of my income off of dividends and options premiums. If I had know when I was 20 I would have retired a millionaire. Please pass it on to your kids, for their own good.
How it works? I mean is it safe or volatile? Do you have to be all day looking if it goes up or down like stocks? Do foraigners can do it?... Gla you found about it anyways
My Schwab advisor tells me to hold my money in growth positions (not dividends) and then ride that growth and eventually dump some of that into dividend stocks later on. Not sure though.
I'm just jumping in the boat you've sailed on. 41 and trying to get in there with what I can
I was 25 , defaulting on my student loans and making minimal payments on my 💳… until I dated the RIGHT girls.
I’m now retired at 51 and we are still together.
@@kolacao8134 foreigners can do it, but if they're investing in American companies, there might be extra taxes to pay. Talk to a financial advisor in your country. If you're new and worried about starting out, I'd suggest starting with a very small amount of money, or consider looking into "paper trading". Paper trading has no risk at all, but it also has no reward (other than practice).
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.
Hearing from an experienced investor who has survived the crisis and prospered is always comforting. It could be worrisome when your portfolio goes from green to red, but if you have invested in strong firms, you should just keep growing them and stick to your goal.
Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?
As someone from rural Tennessee, $4000 dollars a month is enough to be considered the rich uncle.
Can confirm
Even 1000 is more than enough
@@ulti8106 It can be if you set yourself up well, but that's more like retirement living. But 2000 a month is definitely surplus if you don't many dependents
@@bobald4389 i use to make 2k a month of my job and i was still saving more than spending just depends how expensive living is rent food and moving is all you really need and some clothes
Same here in Central Pennsylvania
Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. It's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course.
@@joesphcu8975 Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
how long have you been investing
@@joesphcu8975 nnaaaawwww i love the bots that pretend to have a chat in the comments on all the investing videos haha - you guys need a new routine
Are dividend stocks your largest portion of your investments?
Thanks again for sharing all this information, still holding some cash the low is taking longer than expected but I am hanging in there meanwhile as holders we can still make good profit. I added $289k to my portfolio in a matter of months. You must look for support, in the right places
Your attention to detail really sets you apart from the crowd of comments here. I've attempted investing in the stock market multiple times, but the changes in stock value always made me give up.
@@lisaollie4594 Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
@Stanley Edwin I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "KAITLIN ROSE STERNBERG" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Stock underperformance and bear markets are to be seen as opportunities to buy and sit tight watching your investment reap returns. Instead, panic and insecurity cause many to sell thus losing out on the markets. Grit, patience and resilience are virtues.
@Nickolas Alphonso Now that's the reality of market, but everyone want bull run and no one wants bear market.. Guess what these are the people who trade with calls and not analysis.
@@carter3294 Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with ‘ "CHRISTINE ANN PODGORNY” ’ and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
@@stevensmiddlemass2072 The Times of greatest fear in the market more often than not are some of the best recoveries. Why? Because people tend to panic when things go bad and overreact. Stay informed and always have a plan. Buy low, hold long my friend.
Bear markets feel like Black Friday to me where everything is on sale 💰
Only this time it's different.. Thye've been conditioning you guys to think like this. The NWO/Great Reset is here... Keep kicking the cans down the road if you wish!!
In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.
@@tatianastarcic My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.
@@tatianastarcic Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that’s the most effective way to enter the business at the moment.
@@PhilipDunk Could you kindly elaborate on the advisor's background and qualifications?
Vivian Carol Gioia is my Advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.
@@PhilipDunk Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
I have challenged myself to put away 50% of my monthly income into stock options which is quite easy since I live frugal without debt. I work as an account executive, and make over $20000. $10000 goes into dividends, and the other $10000 covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term. Good luck to everyone and thanks for the great video.
@Joey PerolliniWith the help of a pro financial advisor, Herman W Jonas, I’ve gotten into stocks and fx, splitting my funds in different assets that have brought me huge roi. I just reinvest and grow my portfolio. Here,
Hermanw jonas (a g mal
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@Maisy Kirsty I have made over $25,000 in profits, more so because I am reinvesting every two weeks. His strategies cuts across major financial markets which cuts across major markets which I found to generate more profit.
Oh certainly! Sir Herman! I remember the gentleman from when I first met him. Signed up late last year November with him, alreading reeling in profit from my initial $12k investment that has snowballed into $87k over months of reinvesting. Great market enthusiast overall.
You make $20,000 every month? Wow, that is a huge amount! I'm doing well just to scrape up an extra $100 to put into stocks and ETFs.
I started investing because I liked the extra money from stock dividends. The key, in my opinion, is to make enough money through both investing and dividends, so you can live off the dividends without selling anything. This way, you might pass on this financial advantage to your kids. I've put more than $600K into dividend stocks over the years, and I'm still buying more, planning to keep going until prices drop more.
Hearing from an experienced investor who has survived the crisis and prospered is always comforting. It could be worrisome when your portfolio goes from green to red, but if you have invested in strong firms, you should just keep growing them and stick to your goal.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialised expertise and education, as well as the fact that each and every one of their skills is centred on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
How can I reach this manager of yours? because I'm seeking for a more effective approach on my savings
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..
I would think that a major benefit of dividend investing is that calculating portfolio size needed is not relevant. We don't care about the value of the portfolio. We care about the sustainable income it pays. As you invest you can gradually see the income rise as you invest more and pull the retirement trigger when it's high enough regardless of the market sentiment.
Calculating the portfolio size needed is very relevant. - How else do you know how much to contribute?
by calculating how much additional income the contributions produce and estimating how that income rises. the capital value will fluctuate up and down over time so the amount of income new additions give you varies. so capital value being high with a market yielding 2% is no worse for retirement than the same portfolio at a different timepoints where the capital value is half and so the yield is 4%. so long as the yield is sustainable in real terms the capital value being half does not matter. its the same income stream at a different moment of low market sentiment vs high market sentiment.
Although there are many of chances in the financial markets, I've learnt enough over the previous few years to be skeptical about that. Knowing where to focus is crucial. When I started properly monitoring my investments, I started to amass riches. The importance of professional mentoring cannot be understated. Without the right coaching, people are more likely to make errors and lose money.
Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Carol Vivian Constable 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.
I want to invest $40k in profit-yielding dividend shares but am not sure which to buy into because dividend-paying stocks don't give rapid price growth and can provide a steady income stream.
sure there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
credits to Natalie Marie Tuttle, one of the best portfolio manager;s out there. she;s well known, you should look her up
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
*DONALD NATHAN SCOTT.*
Was that the guy arrested for cp?
I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.
It's always inspiring to hear from a veteran investor who has weathered the storm and come out on top. When your portfolio turns from green to red, it might be unsettling, but if you have invested in great companies, you should just keep adding to them and stick with your plan.
@@joesphcu8975 Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you
I wish the Jessica Moore I know could say the same as you
Simply do this; disregard the market opinions and projections. I'd suggest buying shares of reputable firms and holding them for long that's exactly why investing in stock now will be the best a favorable decision
Be careful not to be lured into the market too soon i rather be buying low in periods of instability than chasing when market starts to rally, but above all, this current situation has really opened my eyes to the importance of a good financial coach
@@FeliciaJudge Trading used to be a stressful "Rollercoaster Of Wins And Losses with no Consistency. Since learning the rules, all i've done is follow them. The results came effortlessly
@@gracesdonny1532 I like the fact that all you do is follow the rules. I have bought so many stocks in individual companies, right now I find it safe to invest in an ETF that tracks the S&P500 and ride it out. I put $180k into some growth stocks with a Financial advisor handling my portfolio. some of my picks are, NVR, LISP.SW, SEB, VOO, DOWJ, BRK-A, AAPL, IVV, NYSE, NASDAQ, TSLA I've gotten 71% return so far this year, I'll see where it goes.. fingers crossed... you have to apply rigorous trading strategies, which you'd have to be a pro for. or else you might lose if you don't know what you doing
@@emilybrown2719 Pay no mind to all the major companies announcing layoffs. do you by any chance do referrals on your FA ? so I don’t make mistakes that are going to cost me a lot
@@tradekings5433 I have saved myself from all the hassle that chaotic market causes. These days the best way to come into the market space is reading, studying, patience and seeking guidance when necessary, due to my line of work i can’t handle my portfolio so i just copy the trades of ‘’Susan Agnes Hancock" a CFA i saw on Bloomberg business news. It’s been smooth since then.
Super relieved to see that someone is teaching them this. I didn't find it out until I was about 42. I began investing actively at the age of 34 in the stock market with the assistance of a licensed broker who I met at a financial seminar. I'm 50 and Currently newly retired with over $3 million in net worth and no debts. Spending time with our children and grandchildren! also now make around half of my income from dividends and option premiums. If I had known when I was 20, I would have retired a billionaire. Please pass it on to your children for their own good.
This is relatable. I'm currently in my mid-50s. This is also to what my wife and I did. I withdrew some cash from a property of mine, and with the help of my wife's financial manager, I made a significant market investments over the previous two years. I won't be able to catch up to m wife's earnings over time, but at least I make more now. Even before I retire, my income has increased by 71%, compared to merely using my 401(k), my retirement savings has grown significantly.
Unfortunately, most people do not have access to such information. I don't blame folks who freak out. A lack of information can be a significant impediment. I make more than $47k passively by investing through an advisor, and I'm not doing any extra work. It makes no difference if the economy is misbehaving; outstanding wealth managers will always generate profits.
@bezosjesss I definitely agree with your opinion on these firms. You may do the same thing I did when I first began out and look for a few independent licensed brokers/firms online. I no longer utilize anyone other than "HEATHER LEE LARIONI" as my investment advisor. Since I began utilizing her services years ago, her methods have provided extremely steady, reasonable returns in bonds and ETFs.
Well said!!! Totally spot on!
My parents left me almost 2 million and I am so great full.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have about $700k amount of capital to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
My Financial Consultant is Lisa Angelique Abel. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
Lisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I set up a call with her so I could use her services.
@@jessicamoore3093BS
I hated the tech industry and was burned out. I sold my house in Seattle in 2016, moved to Houston and invested the roughly 450k into closed end funds, business development companies, preferred stocks and reits. I don’t own anything that pays less than 8%. My portfolio is currently returning 9.6%. The current value of my account after 5 years has not gone up much but the income is stable. I make about $3600/ mo which allows me to live a comfortable simple life in a 1 bdrm apt in a pretty nice part of Houston. I definitely recommend to heavily diversify. I don’t have more than 5% of my portfolio in any one position.
If only we all had 450k.
Thank you
even 1k per month is great, you could live in thailand off that. Then be free to work on other things that create more passive income.
@@hackmedia7755 can you get permission to live in thailand with just income of 1k per month?
@@shugyosha7924 you can just jump to another country every 6 months until you can get a new tourist visa again
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations in stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by the name *Margaret Ann Warnken* and everything changed. I started enjoying huge returns from my investment.
Oh, that sounds good but how do I reach out to *Margaret Ann Warnken* ?
Look up her name on the webpage
Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me
The market's direction can change rapidly, showing a tendency for indexes to transition from a bear market to a bull market when the news is at its bleakest and investor sentiment is at its lowest. I came across an article mentioning individuals who earned profits of up to $150k amidst this downturn. What are the best stocks to buy now or put on a watchlist?
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisorr, you can be passively involved with the aid of a professional.
@@ThomasHeintz wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Elise Marie Terry is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@@ThomasHeintz Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
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.
@@jamescomb1170 A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@jameswood9772 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.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "LISA ANGELIQUE ABEL" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
I invested about $400k some years back into ETFs, some bluechip and individual stocks which makes me about $20k monthly ROI still the best way to build up
Smart, I must commend you because etfs will keep making you solid profits through compounding while the other stocks pays monthly although advantageous you started big
how can one start investing, can you guide me through
@@ferasiel425 I use the service of a fiduciary under a great broker, that is the most effective way I have known
If we taught kids that $4000 invested monthly into the S&P 500 index (8% annual ROI) will grow to $2,350,000 after 20 years, $3,800,000 over 25 years and $5,600,000 after 30 years then we will have a lot less 20 year old making $35k and running to the Mercedes dealership to blow the money
This is very much enlightening so thanks for sharing it
With all this scary news making the headlines, is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.
Still with Tesla stock, investors can never be sure what will happen next, bearish periods ultimately establish a new set of stocks to buy and watch while setting the stage for a robust new uptrend. I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
@@williamsbrown4026 Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@UshnicYuvnikof I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
@@Karagoldberg7 My advisor is “Colleen Janie Towe” You can easily look her up as she has years of financial Market experience
@@UshnicYuvnikof Insightful... I curiously looked up her name on the internet and I found her site, thanks for sharing
Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
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 Financial advisor for advice.
My portfolio has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
She actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
What is the best way to profit from the current market while I'm still figuring out how to diversify my $400k worth of stock portfolio to accrue more dividends?
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
Pls who is this coach that guides you? I’m in dire need of one
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
Buy a short term CD paying over 5%.
I'm so pissed I didn't know this stuff in my 20s. This should be taught in school. I got started, better late than never. I've got about 20 years to dividend invest.
@@skooltalkpodcast8081 You're awesome kid! I'm 42 and just started my investment journey last year. By the time you're my age you'll be a millionaire a couple times over if you stay away from debt (including student loans) and do your investing.
Now now, we can't go having everyone learn about the secrets of early retirement. Where will we get our consumer/worker drones from?
Yes it is so stupid the way that schools are run. I have four years of college and several degrees and my pay has dropped from 45 a hour to 23 a hour and no insurance.Basically employers using technology over human function and this is why the school system is antiquated and way off. I should have started earlier in my investing. The thing is what type of lifestyle is this guy talking about . I have paid off my house and have 400 k invested. I plan to retire in 3 more years. I believe based on what I spend now as I am thrifty. That between social security and passive investing I can maintain around 65 k a year. Hence if I am making 23 a hour now plus I get a few bonus pays a year which I only get if I leave out of state and leave my home to get to get my wages to average 30 a hour per year. I still will be getting a raise when I retire. So I am already living the life style that will be needed. I love running and it doesnt cost hardly anything maybe few dollars a day so I think you have to figure what type life style your thinking of living when you retire
Absolutely agree. What did Pythagoras and Newton give me apart from a headache. Compound interest however will make me a fortune. Good luck on your investing journey
@@skooltalkpodcast8081 keep going and never stop. Do a spreadsheet so you can predict what your eventual wealth will be if you stick at it. At some point you won’t even have to put new money in as it will feed itself. Best of luck
I hope to live off my dividends someday, I'm testing out different dividend investing goals. So far I'm a bit over 500 dollars of annual dividends
Same here I have the same amount yearly
I don't know how he thinks 7% is "massive" dividends, there are riskier REITs and ETFs that pay upwards of 10%-15%, some of them monthly. My portfolio is just over $125,000 that I've been building this past decade, and I'm getting an average of 9% annually. I"m also heavily diversified, I own over 60 different stocks, etc. so if any of them fail or stop paying dividends (a common occurrence since the virus) I can let them go without damaging my total portfolio. None of them take up more than 5% of the total, either. Basically I don't put all my money on one horse in the race.
nice... what kind of strategy are you using? which stocks are you buying?
@@yolanda9730 which stocks are you buying?
@@captainnerd6452 do you have Clm and Crf they are both monthly is a 11 to 12 percent divided yield
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
CNBC rule of thumb by Steve Najarian is entry point is never near high and exit is always set at 90% of high
In all ramifications, this seems like the worst period. The markets are now very unpredictable. Started investing recently when the market prices were a bit high sadly today, I am more than 60% down
@mackenzie fventes Majority of YT pros copytrade him. That is how they make so much returns regularly from the seemingly unknown market.
@@sakhalittle9206 Lol. I am one of them. Not a pro though not even close to that... Started last year and in all honesty, wish I had known about him earlier.
My mother lived off of $1200 a month social security and no debt and a paid off mortgage for 29 years - imagine that 😳 She just passed in February 2022 - this life requires discipline, not money.
This is fuking true
I’m sorry for your loss bud
That was a strong woman!
it requires that no debt and that mortgage being paid off. Sorry about your mom but don't paint the picture that $1200/mo SSI is feasable, and that discipline is with not going out, travel, foods, things, etc.
@@cjschmitt4882 Hopefully by the time you are 62-70 years old to draw Social Security you would have paid off all debt incurred from age 18-62 including a home, if that was your choice. Discipline FTW!
Once you discover you can make $1,000+ from dividends each month without having to go to work, your view towards life changes drastically
Once you discover passive income from any source (dividends, interest, staking, etc.) it all changes!
@@kimyoung8414 very true! I started investing in 2016 and that same year I pulled a profit of about[$300,000] with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you
@@erichkraetz2622 How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks
@@checkforme234 My advisor is 'Eileen Ruth Sparks'' In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
This is definitely an answer to the question "if I win the lottery do I take the lump sum?" Yes, if you can trade that for dividends.
Or as you go heavy on one, start diversifying when you are getting about halfway to your goal. Risk is always there no matter what you do, of course the sooner you start the better. Though if you aren't making 100k a year or didn't start in @18, you are going to have to be lucky on a meme stock OR going to have to play with some higher risk.
Diversifying slows growth and puts your goal post out longer. It's a better risk to choose up to 5 stocks that will withstand long term market fluxes. The only thing is you have to do a lot of research to find the right stocks for you. Otherwise just buy into an EFT.
@@DioDiablo702 dump your
Money in Honda
At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.
The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.
You're not doing anything incorrectly; you simply lack the expertise to capitalize in a down market. Professionals with extensive expertise who must have witnessed the 2008 crisis are the only ones who may profit significantly during turbulent times like this
@@oscarjiron6974 I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?
@@AnthonyHart34 I wholeheartedly back financial counsellor Sharon Lee Casey, who holds a US SEC licence. She has been helping me for a long with my portfolio. You may look her up online because she has many reviews.
@@oscarjiron6974 Fascinated to know, Her credentials are undoubtedly excellent,
Sharon appears to be very knowledgeable. I discovered her online profile and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, so I scheduled a session with her.
I am 25 years old I make 200 dollars a month in dividends it feels really good to have my dividends pay for my gas every single month without doing anything haha QYLD is my favorite it changed my life
Zamn
Gg
That's awesome dude! Consider reinstating that so you can increase your dividends
Reinvest it
It's not always about being a millionaire. Just getting your money to start GROWING in an upward trend is enough to be grateful. Keep working hard and spending less until you find a happy medium. Things will stabilize if you invest in sound stocks/etfs. Don't spend what you cannot afford to lose and always ask yourself if you can survive if you were forced to hold for a year or longer...
Most of those on TH-cam seem interested in increasing their incomes. I don't know how many want to be millionaires but is seems to me income increases will help achieve financial goals a lot faster. Income is not everything but being a millionaire means you have so many more options than if your not all else being equal.
interest rates
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
sure there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
Having an lnvestment advser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a year now mostly because I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $320K in profits so far, Its clear there's more to the market that we avg joes don't know that Investment advisors know.
credits to LEILA SIMOES PINTO, one of the best portfolio manager;s out there. she;s well known, you should look her up
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Great take. Don't forget to diversify your assets. Owning a physical house that you can rent out or whatever is allot different than owning shares in a REIT. Even though it is usually a conservative suitable investment, it is still paper.
Paying off debts is also something people need to consider as well. Hell you would be surprised how much life comfort an RV/ Mobile home parked on a paid for couple acres is worth when the market takes a dump and there is a pandemic going on.
Best 12k I ever spent.
That's right. Diversification is also important. If you're living in an area/country where real estate is gaining value over time, more or less following inflation, you can get a mix between rent income and value increase, whereas REIT hardly gain value over time so you need to make sure it beats inflation by a good margin to secure long term benefits.
A lot is two words
Nothing better than FINANCIAL FREEDOM. We are big fans of dividends over here... obviously 😅Thanks for this 🔥🔥
Some important info is missing.
1 - Liquidity issues
2 - ETF or stock that underperforms
3 - Risk of stop of dividend payments
4 - % Allocation and rebalancing
I think he addressed this half way through the video
corporate laws..did you consult a attorney? attorneys are educated in the stock market
@@angelachanelhuang1651 attorney here - I’d give you a referral to a stock broker or financial planner. I do law, not investment advice.
Wow, he puts together a somewhat simple concept with examples and real figures in less than 14 minutes and you expected it to be a full investing course? He didn't cover life insurance, flood risk or terrorism either. Sarcasm aside... My point is that it is unreasonable to expect all factors to be covered in 14 minutes and the viewer should expect that this is just a waypoint on the journey.
@@MysticWanderer So maybe your suggestion is better directed to whoever named the video. You could suggest something like “A partially thought-out and poorly explained simple concept that omits substantial information”. Sarcasm aside, these obvious (to those who know) omissions are the equivalent of purposeful misinformation, and that’s what people are pointing out.
I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so I’m quite indecisive on how to tackle this market, any advice would be grateful.
I’m both a dividend and growth investor and there are Great dividend stocks out there! The trick is to diversify and put in enough to where you actually get good dividend payments Monthly. I made my first million from repositioning and rebalancing
That sounds great and what signal do you invest with?
I have copied trades of a financial adviser and portfolio manager Lisa Angelique Abel for over a year now, she is quite dexterous. Although this is done automatically I have been able to learn a few tricks to help me trade on my own. She takes a performance fee after you have made profits, her style of trading suits me perfectly and I recommend her to you.
That's awesome and please how do I connect with this broker lady?
Look up her name on the webpage
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@andrewchandler0 wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@@robertosaviano215 You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Laura Marie Ray is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
@@andrewchandler0 I just looked up Laura online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
How can this person, ROCHELLE DUNGCA-SCHREIBER be reached please...
Wow! I just looked up this person out of curiosity and I'm super impressed with her qualifications. Thanks for sharing.
I saw in a video that though dividend-paying stocks don’t offer dramatic price appreciation, they can provide a consistent income stream, I want to spread across $400k into profit yielding dividend equities but unsure of which to get into.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
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.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.
The financial market is a reliable choice. Diversify your portfolio with I-bonds, stocks (ETFs, REITs, dividend-paying stocks), and bitcoin. Given your budget, I recommend hiring a fiduciary to ensure you receive professional insights for a fee.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like ‘Carol Vivian Constable’’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
I absolutely LOVE that you clarified up front that real estate isn't passive income. Way too many people buy into that hype of "buy some houses and I can kick back and live off the rental income". What you actually do is "buy" a job. Yes, you work for yourself, and you get appreciation. But it sure isn't passive.
hire a property manager... There ya go kid, problem solved.
@@JUDALATION ...and there goes your profit.
I have a small portfolio but I got my first dividends this month. I can’t wait to see next year’s returns as I grow my portfolio. Thanks for sharing this video!
DRIPs are great way to grow your portfolio without working, while you're starting out.
@@captainnerd6452 thanks! Got them active 👍
Awesome. A lot of people say the market is burning hot right now. As a result, I've been slowly reducing my contributions and stashing money on the side. If a crash/correction or downturn happens, I'll deploy that capital and scoop up some stuff at a discount. My online brokerage also allows me to deploy margin up to 35% of my portfolio's total value, so that's a few thousand more that I can use as well
@@BleuSkiddew plan your work, work your plan!
Reinvest!
the equivalent of 4K dollars a month where I live is a lot of money, I wasn't even thinking this high. good to know I can aim for lower and still get satisfying results
Excellent video. I grew up poor and I’ve done this. Still working at 50, but only because I want to. Still reinvesting my income and still growing my monthly dividend.
selling an investment path......
Great video! This is easily one of the most practical and realistic videos I’ve seen on the subject of dividend income. I could easily live on $1500 or $2000 a month. One thing I would like to see covered in a video is a breakdown of the tax implications of dividend income. Thanks for the very informative video!
HaHa live on 1500-2000 where? rural meth town west virginia? Sure not doing it in a livable place like California or New York or any decent state. That wont even make the rent or house payment in 99% of America!!
@@davenone7312 California and New York are decent states? Laughable. They are negative growth states for a reason.
@@davenone7312 New York and cali suck 🤷♀️
@@davenone7312 you can get a decent place in a rural area for 600 a month. I agree with the others. California and New York suck. Shitty soulless places to live.
@@davenone7312 A lot of people have their houses paid off by the time they get to the point of living off of their investments, so living expenses are drastically reduced. NY & CA suck, thus the exodus....
I'm actually invested in almost every company you mentioned. My average yearly dividend return is a bit over 6%. I guess if you do the math, I'd need about $800,000 distributed in the same way into my portfolio to make the $4,000/mo. but if I keep up my out of pocket contributions going at the same rate and let the snowball effect add to it as well, it should start to really gain steam.
How does yearly inflation rate affect your returns?
@@787310 unfortunately I just started so inflation is a real concern, but I make 6% of my total contributions in my portfolio (which are subject to tax), and I'm looking at a 5% unrealized gain. Considering inflation is off the charts, I'm pretty much just treading water right now.
I am in IVR (13% yield) ORC (17% yield) and OCCI, NGG, XFLT, SMHB.....
My 280k pays almost 40k a year right now. These low yield stocks are a joke.
@@PatrickOnDemand how many years have you been invested? Have they been paying out the whole time? What has the capital appreciation been over that time? I have so many questions!
@@PatrickOnDemand with wich platform are you investing for yield?
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
The investment-advisor guiding me is Diana Luise Hines, she is popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@CraigMitchell376 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@Scarlett Bell you don’t lose your money until you decide to sell. Only then do you “lock” in your losses. The market will be tumultuous with the fed’s handling of inflation and the rest of the hot mess.
As someone who is beginning investing long term and in dividend shares/etfs this is a great watch. I don’t necessarily have the goal of just living purely off of dividends, I treat it more as a passive income source once I retire along with my superannuation/pension fund.
That's how it should be, it's too scary and risky to just leave everything behind and depend solely on your dividend income. You can actually do it differently - invest, reinvest and enjoy everything after retirement.
Don't chase dividends! Equity is the same thing.
I am a retiree this year, and I use the same method as yours to live off. It works.
Awesome video! Only thing I would add to the Altria example, and hopefully it helps someone, is that you don't actually have to save and invest over 600k into a/the company due to how compound interest works. Just stay focused on the goal and invest consistently and every time you get a dividend payment simply buy more of the stock, or more stocks in general. If you plan to invest $500-1000 a month at some point you will start getting $500-1000 a month in dividend payments, which in fact doubles your monthly investment and makes it easier to reach your goals.
@@dividendbullyoutube7835 scammer!
No , thats not what was implied… what was meant is if you consistently add 500-1000$ each month eventually youll be getting dividend checks for 500-1000$ and once your at that level if you reinvest your dividends itll be doubling your investment rate. Essentially speeding up the whole process of achieving your goals
@@Roger124ification Trying to explain compound interest on a YT comments section...
I applaud your effort in fighting the good fight. But some people just can't get their heads around compound interest.
Don't know what it is, it's something like how some people actually don't like music of any kind or can't understand sarcasm. I have given up trying to understand other people.
Sad replies, it's called compound interest. You get your monthly pay off your dividend. Instead of saying YAY INCOME you take that 1500 and you buy more shares of reality. Over....and over....Over.... Over again. Till the point that 1500 earnings. Turns into 4 grand. Then you can retire. Thinking about dividends as a income is toxic and should only be considered as a surplus.
dividend is like a bonus check
Dude you killed it. Best dividend video i’ve watched. Made me feel good about being a dividend investor in a world full of growth investors now a days 😂
Forget living off this, i just want to learn enough to be able to cover something like groceries or something. I'm just now starting to learn about this but i'm 31 years old sadly. I have a decent amount of money saved up at least, but i really need to look into this more.
Great video and I absolutely agree that dividends are the one of the best ways to generate passive income and the sooner you start the better. I’ve been doing this intensively for 12 years and it’s the best thing I’ve ever done.
Where can you purchase some?
What's considered "aggressive"?
Glad my dad taught me about dividends. At 20 I already have a pretty good portfolio and I’m already bringing in a good amount a year. Once I’m out of university I’ll be setting up a percentage of my wage to go towards stocks
Shouldn't you work for your bread?
That lazy way of living is no good.
@@Kitiwake I’m currently sitting in a factory I work in and when I get home I’ll be studying for my degree. I work for my money. I’d argue it’s almost idiotic to call investing lazy. The whole point is you put in the effort to get the money and then the money works for you.
@@Kitiwake that’s a poor person mentality. Not working for money is the best, frees up your time for more meaningful business or personal pursuits
@@Giancarlogambetta I think Pat enjoys being a slave 😋🔨
@@Kitiwake Calling other people lazy is just hilarious, you bum...
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
Well show us how to do it then!
Rejoice baby !!
I'm sorry, whats your edge?
Don't sell yourself short - there are definitely multi-millionaires watching this video as many of us continually look for areas to diversify and investigate new ideas we may not have yet considered. Many of us accumulated the large amounts you mention using compound interest over 30+ years of working. That still got me retired by age 57 which was considered young before the recent FIRE movement. But indeed buying dividend stocks and reinvesting the divies got me most of the way to the goals and it will work just as well today though market pricing seems a bit high for me right now.
I agree that dividend investing is the easiest way to get that income - I think you are rediscovering what has been known by many for generations and used by many a retiree today.
I've yet to dip my toes into the covered call ETFs but have been thinking about them and I'll keep a watch on these 3 you mentioned to see how they react to market drops over the coming months. This feels safer and more sure than crypto bets to me at least. Thanks for the informative video and ideas as we are never to old to learn.
Can i ask what you did as a living while investing?
Another option would be Closed End Funds (CEFs). Tickers: DNP (ultility companies), RFI (real estate), and KYN (pipelines) come to mind.
whats advantage using CEFs instead of dividend stocks
@@calphak7389
I think one advantage to CEF’s is that they hold a basket of income stocks as opposed to just an individual stock. So more stable. But since they trade like an individual stock, they react like single stocks in terms of higher yields as prices drop. Using dollar cost averaging will increase your yield over time.
You need to balance between growth and income. The growth hedges against inflation and the income is what you live off of. A balanced portfolio will probably yield only around three to four percent of dividend income and yet will still grow steadily.
It will happen for you and everyone who makes that decision to be comitted and dedicated!
Id rather have a goal that I may or may not reach, than continue to be wasteful and wonder 20 years from now. I learned this method and am applying it with crypto and stocks. Tried to get my friends on to this dividend magic, obviously we are not the same.
💯🏴☠️
@@ampulsion Good attitude. Gotta start somewhere.
Crypto isn't an investment, it's gambling.
@@TheFinalChapters You can be gambling with any financial market including stocks.. Crypto is an investment with many uses.. Making interest off crypto staking is just like dividends on stocks.
Despite the economy crisis, this is still a good time to invest in stock and crypto.
Not all of them really do such.
You're right stock and crypto are the best to invest on right now.
I had her strategies are really amazing thinking on starting a deal with her
Oh yes I'm a living testimony of mrs Hanna macko as well, that lady has changed my financial status for the best.
Wow I have read allot of stories about this broker she might be very good in trading, let me contact her as soon as possible.
I am retired from the military and the postal service so I have a decent monthly income; I retired at 58 and the dream doesn't meet the reality IMHO. So don't wish your life away go to work and enjoy the company of your friends and coworkers and being young. Being young is the true pot of gold you can't get back. Some good advice on this channel just don't sweat it if you're not made of money yet.
Hard to enjoy your youth if you have to spend all your time working incredibly shitty jobs, boomer.
@@santiagovasquez5967 What do you think boomers did? Lol zoomers are so lazy and spoiled.
True. Coming from. A. 42 yr old. Black guy. Lol
@@santiagovasquez5967 come up with a plan
what he said. youth is power. i say yolo investing while still young. I’m retiring soon, not even 35 yet.
loved this discussion! I think an intriguing follow-up is writing calls on your own stocks as a DIY type of covered call fund.
I did try selling covered calls on my stock holdings. In general my experience is that I collect a small amount - then watch as my successful stocks rip higher. Of course I've been called away so I don't get the appreciated value of the stocks I sold calls against.
@@garydorfner6695 and this guy is peddling qyld which does the same thing (actually even worse) at larger scale.
It depends on the volatility of the stocks. Writing put options on stocks you want to hold is also a good plan. Tesla for instance has weeklies covered calls or naked puts with premiums around 1% of the net value per week. Meme stocks can provide higher returns (5-10% a week sometimes) but of course the risk is higher. In any case the more capital you have the easier and it keeps compounding year over year.
@@cdm1949 well Qyld sells calls across the entire index. Not all of those are going to run up. If they do you still get profits. There's no guarantee it won't take 6 months for your stocks to rip higher, if they ever do. If you get a drawdown you can sell premium to get yourself back out. I'll take regular income week in and week out over holding a stock for potentially a long time with nothing to show for it. If they occasionally get a win it just ensures they'll return as a future customer. A lot of times they're going to lose. Just like at a casino.
Overall in calls you compete with massive statistical models in a betting game.
They will beat you all the time, completely worthless excercise.
Don't play chess against a computer / the house always wins.
Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing people's lives.
I'm thinking of investing in the crypto market but taking my time to figure out how the whole thing works.
Investing in crypto is very volatile and risky which is why most successful investors trade with professional brokers
The real risk in the Crypto market is the risk of not investing, not the risk of short term price volatility.
I have been investing in crypto but have had a bumpy ride. How can I reach your broker? I will appreciate any tip or pointers
I once tried trading myself but made more losses than profits. I wouldn't suggest it to anyone
The problem with covered calls is, you're giving up stock price appreciation for that yield. I'm not bashing on it. It's a valid strategy. It just seems way better than what it actually is to someone who doesn't understand the opportunity cost of the strategy. I've been there and missed out on some big gains.
No. the problem with covered calls is hanging on to a loser while you are waiting for the option to expire. Sure you made $.15 per share, but the stock is down $3.00...
@@markbaker3238 Yes, that's a possible issue as well if you're selling covered calls and ultimately want to get rid of the underlying stock position. With my comment, I had in mind one of my past experiences where I sold covered calls on a stock that I'm bullish on (as a means to reduce my average cost). The stock kept going up significantly, and I ended up needing to buy the position back. Actually, your example of the risk is more relevant with the strategy being discussed here in the video. Now that I think about it, my situation's different.
@@markbaker3238 if you don’t sell who cares?
You only lose money when you sell
So glad I found this channel, very refreshing to see someone down to earth who realizes 1mil or 3mil is just not attainable for the average person. On a side note I would love to see a video or just some advice about some PIMCO funds. They look promising but ive heard CEFs can kinda be a money trap.
Sell puts and calls on quality stocks! It’s like printing free money if you do it right! There’s risks too, but they’re easily mitigated
My uncle retired during the 2000 tech bubble with $180k and stuck it all into PIMCO (PTY, PCI, PDI) and now has $1.5M. PDI will be absorbing PCI and PKO next month. So, you may want to consider that before buying PDI. After Oct. it should be good.
The average person CAN have 1 to 3 million dollars. They simply don't prioritize. I am not smart or even hard working. And have easily invested over $1M -- but I prioritize my freedom over cars, boats, gambling, etc....
@@cknight3457 I actually use a pimco stock PSLDX and it has done very good the last 6 years
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I wrote her pertaining my financial goals.
Time in the market always beats timing the market. For most of your working life, you'll want to invest for capital appreciation first and dividends second. And even when you retire, you should only have as much in these dividend-generating funds as you need for income. You can shift in more over time (as you need/want more income) but don't overdo it. If you doubt this, look at how these fund perform against their requisite index over the long term (ie. compare QYLD to QQQ). There are costs associated with selling/buying options and it can add up to a great deal over the long term.
Stop spitting bullshit
Keep in mind the higher the yield the greater the risk. Also, companies that offer smaller yields often grow them much faster. If you're Canadian, buy Canadian banks.
I agree with you. Buy large cap stock such as bank stocks. Banks will pay you to own their shares. Also, more importantly in this environment is to hedge yourself as we have a risk on and risk off environment where currently we are on a risk on environment. Risk on being money going into the market. If the market turns then we will go into a risk off environment where the hedging comes into play such as hard assets (silver and gold and other precious metals), cryptocurrencies, antiquities (old items that one earns that can bring in money). I am just bringing awareness to share to all as I have received this information to help the average person who are trying to get by. I hope this helps.
yield to maturity...a stock matures
@@angelachanelhuang1651 Stocks do not "mature". You can hold them forever. Bonds sometimes do.
I started investing rather late in my life because I put much more down in my house and frankly I was passive in making a "move" towards investing. I have a ROTH and I invest mostly in dividend stocks of companies of my choice that I find suitable to my "liking". While I have a long way to go, I am maximizing my annual contribution and it is nice to see what became as dividend pennies every other day coming in, are now dividend dollars coming in every other day. And since the market has taken a down turn, I keep on "cost-averaging down" while increasing dividend pay. I know it is a game of patience. I probably won't be able to live off dividends alone, but it will be nice extra "pocket-money" when I retire
QYLD had a year-end dividend yield of 7.23% in 2017 and saw a 2-year decline in dividend distribution from 2015-2017 of -20%. You can't live on an unpredictable and unreliable dividend stream in retirement. A dividend strategy has to be based on either investing in funds/companies that will continually increase thier dividend payouts at a rate higher than inflation, or build a QYLD income stream so high that it is 150% of your expenses so you can re-invest 30-50% of the distribution and have cushion to withstand varying payouts and large multi-year dividend cuts.
This is what I am doing
Fastest point A to B is hustle real estate, being smart about it, don't just go wild, and then when you get to your retirement age you sell out most of that and put it into dividend stocks, and hand pick rental units that have good tenants, paid off, and keep those and turn them over to a property management company, and you won't have to fuss much with them and still bring in passive income. I have a coworker who is about the same age as me, mid thirties, and he has over 2 million dollars in real estate from flipping and buying rentals with the proceeds. Until very recently his full time job was about 10 dollars per hour, and I don't think his wife works. He's just frugal and saves money, and puts that money to work, plus his construction skills, generates more money. I think he has always done side work construction to pad his income, but he did it without having a super high paid job.
Actually, the best way is to invest in crypto currency. If you would have spent all of 2017-2020 DCA a minimum of $500 a month in either ADA, ETH, or BNB you will have over $850k at the peak in March of 2021. Afterwards, you can just roll the profits over into dividends stocks.
As long as you understand the crypto market you can experience returns that far exceeds real estate without having to go into any debt like you would have with real estate.
My only gripe is the money required to get into real estate
@@deadcell1 i got into crypto in 2020. I plan on holding for 5-10 yesrs
That's a big part of my plan. Entrepreneurship, then once I move out get a triplex and househack. Then I live there for free, or get paid to live there, and I could live comfortably on 2k.
@@killerjay1740 I plan on doing the same thing. Regardless if bitcoin goes to $100k by the end of 2021 or not, the next bitcoin halving takes place on January of 2024. If you DCA the top 25 coins until then you are sure to make some amazing gains in the next bullrun.
I kept waiting for the sell, the ad, the website, the affiliate. You sent people to a Reddit to learn more! That is FANTASTIC. Seriously.
This is a purely informational video! And also the first investing video I’ve ever been able to sit through thanks to the straightforward and easy to understand wording. Now I know where to start looking and Googling.
Thanks for educating!
It's kind of a trap if you are younger and don't really need the money right now. Even the best of these covered call etfs has only grown about 70% the last 5 years, while Apple has grown 500% in the same period. You'd probably be better off buying and holding normal stock etfs that track the nasdaq or s&p. This video really only applies if you're ready to retire and pull out the dividends to live off of.
@@metsfanal Young people need to pursue growth while older people can get Dividends.
It is refreshing to watch a video like this.
You need to add into account the inflation, which means you have to re-invest and grow your portfolio even if you just live off of it. You also need to build in a safety mechanism to account for unusual market movements which may be flat or go down for a decade. So, all being said, I think you need about 25-30% more than what you've pointed out. Those covered call ETFs are great, I own a few, but it isn't performing well in times of the bull market. They perform well in side trading times...
can you please tell me more as a newbie, what is it good to make an income of 2000 thats not just those covered call etfs?
@@ryuzakilawlight Well, the best dividends you could get is probably around 7-8%, for REITs (Real Estate Investment Trust) Like Slate Office REIT for example, and some good stocks like IBM (4.8%), Suncor (currently 3.38% and its half of what it was), Enbridge (6.5%), and so on. I would say you need probably around 400k to make 2000$ a month. If you factor in inflation, around 3-4% per year just to be safe, you will need even more, probably around 800k. The thing is, you have to grow your portfolio in order to match the inflation, and on top of that, you need to grow your income because 20 years from now those 2000$/moth will be worth way less. But that is with single growth stocks. With covered call ETF, you can pick for example FTN, DFN, DGS, CGXF (gold producers ETF) and make an average of 13-14% a year, and investing 300k which should make you 2000 and leave enough from dividends to grow your portfolio to match inflation, but those are unstable investments. It also depends on where you live... in Canada for example if you live only off dividends, you will be taxed less, somewhere around 5% I think. Or if you use it in TFSA you will have 0% tax, which is awesome. What I am saying is that you really need to take everything into account, taxes, return on investment, inflation... In general, in my opinion, if you have stocks and funds with a yield of 6-7% annual, you should really count it as if it's 2%. Because you will need to reinvest to keep up with inflation and a portion of it for taxes. That means you will need anywhere from 800k to 1mil, to live modestly, with all investments growing and income growing to match the inflation.
I actively "guh" when I heard they recommended needing 3.3 million to retire. Ya that's not happening.
I love the advice
Invest $xx from when you 20- whenever…. Hello dumb dumb obviously we have passed out 20’s!
@Teenage Investor wow that was actually a really good comment. Thank you for that
Only in the cities with a high cost of living. San Francisco, New York, Miami, or Honolulu for example. In surrounding midddle class suburbs or low cost of living states it's between $800k to $1 million.
@Teenage Investor $10 a day? there goes my avocado toast budget.
No worries. We'll all be millionaires when inflation accelerates.
I invested wisely over many decades, and retired at 52. I enjoyed a slothen lifestyle, full of excesses on many fronts, for quite a while. From experience, I offer the following....You are designed to eat little, work continuously, and live small. I have given up on the former, and remain committed to the latter. There is a difference between being happy and having joy. One is fleeting and easily undone, while the other is permanent and immensely more gratifying.
I love dividends but I prefer crowdfunded bridging loans. They generally command higher returns at around 8-10%, and they're fully secured over property. Of course quality dividend stocks are generally stable, but you still can't beat the stability of a secured loan.
I don't know what crowdfunded bridging loans are, but it sounds good lol
@@blood_sausage9620 Haha, basically if you're flipping property you need short-term finance (instead of a 30 year mortgage, you're only holding the property for 6-8 months generally before selling it on for a profit after renovation). Bridging loans are one of the most popular, an investor borrows money to buy and do up the property and pays interest on a monthly basis, usually around 1%.
Crowdfunding options exist for investors to pool their money to provide these loans -- eg. 100 investors contribute $1000 towards a $100,000 dollar loan and get say 0.8% back per month after the loan company takes its cut as the middleman. It's great -- you get higher returns, and since it's with property the loan is secured against real estate so if things go belly up the property is repossessed and sold to return your capital to you. Don't get that in the stock market.
@@blood_sausage9620 Or if you are wanting to rehab a property like a rental home, apartment complex, 7-11, office building, car wash facility, storage facility, etc. and the property can't be rented out until this rehab happens a bank will not lend if there is no current cash flow. So, Bridge Loans are used for between 6 months to 2 years and are usually 8-12% annually. Like @Awedio Music said these are secured over the property so they are secured by the property and since you are lending money you can take control of the property if the contract is structured correctly.
@@awediomusic2137 where can I learn more about this, the crowd funding Bridge loans
@@scsmith4604 thank you 🙏
Question for the board:
I have 750k in my IRA/ROTH. It's my understanding that if you invest in some of these high yield stocks the monthly/quarterly distributions are considered income and thus have to pay taxes even if they are in an IRA/Roth.
1) Are the options funds the author is proposing here falling in the category of interest distributions and thus you have to pay taxes or are they exempt if held in an IRA/Roth?
2) For those with IRA/Roth what strategies/funds are you invested in that still meet the criteria the author 's strategy without having to pay taxes.
I am currently 61, retired and have a net monthly income of 4k with 50 k to invest outside my IRA/Roth
Thanks in advance
As long as you leave the dividends in the IRA you don't pay any taxes. You only pay taxes when you take them out of the ira. Then they count as regular income.
@@jamessurveyor4859 Yeah well duh if you are retiring on these dividends you have to take them out...
Without having to pay taxes? I mean….at SOME point, taxes will have to be paid , upfront or at end. Even hiding money overseas is changing in the future ( as in will be taxed).. You know about the two certain things in life, ha ha!
REITS get distributed and you have to pay taxes even it's in ROTH. I'm not sure about these investments
th-cam.com/video/q63F1pBrUHA/w-d-xo.html
This video shows how to live off that money without paying taxes
I know someone who started investing at 37. He sacrificed a lot to invest but he was able to retire at 52. Now living a very simple life and happy. Investing does work but you have to learn the game and play
Really enjoy your content, keep it up.
I've noticed with all these kind of videos, when someone works out the calculations for say making 48K a year in dividends, no one ever factors in taxes. If you want 48K a year you need to account for what you will lose to capital gain taxes.
If you were living on a $48K per year salary prior to retiring, you'll actually have more take home pay living off $48,000 of dividends/distributions. That type of income is treated much more favorably from a tax perspective. You'll also likely get nearly free healthcare since you won't have any earned income. The effect of not having that expense boosts your spendable money even more. There's a lot to consider...
Good point. However most of this should be in a retirement account, especially if your job has any form of 401k matching.
Honestly, I would still keep a job, but plan on matching any bill with dividends. You can be financially free when passive income offsets expenses, but still be working to generate more wealth. I think I would get bored up if I did not have at least some type of job.
@@dalehurtt4586 true, and Roth's are great for this. But remember these have limits. A Roth for example only allows you to deposit $6k each year so you would never be able to get to a portfolio of say $600k this way, although it would certainly help with some of the taxes.
@@CalmerThanYouAre1 you might be right but they also ask if you have any saving etc...
Alot of people forget you can live off $1000-$2000 a month in a cheaper country like Portugal or Spain. But in the U.S, it just depends on where you live. Plus it depends on the lifestyle you want like either minimalist or luxury.
I prefer a minimal lifestyle. I'm not materialistic anyway.
Good luck investors!!!
Tax planning is also an element here, to ensure that you get to keep most of the nominal usd4k/mo. I.e. qualified vs non-qualified dividends.
YES!! Thank you for mentioning this. I would add ~$1K/month to this for income taxes. I would also like to see the impact of inflation on this model of investing.
It wouldn't hurt to tax loss harvest from time to time. Sell shares in a stock you know is going consistently downwards during tax season so you can offset the sheets.
tax seasons comes around the corner
does stock get taxed?
@@angelachanelhuang1651 Unrealized profit is not taxable income. You didn't intake the income, so it's not taxable yet.
Your TH-cam video, specifically this really speaks to me. I appreciate that you say in this video what I have been saying about Johnson & Johnson and others that stocks for so long. I personally am not a covered call person but I can understand the appeal of them
investing in legal stocks
You are so amazing for sharing all this. Retirement just scared me so much that i usually procrastinate when it comes to actively doing something about it, your videos are such an inspiration.
Living completely from dividends would be hard to achieve for most people, but they could definitely provide a supplement in retirement. I prefer income funds that provide a monthly dividend per share. I look for a low NAV price and tight control of the NAV over the past 10 years. That way I'm purchasing more shares for my capital investment with less chance of investment value erosion. It has worked well for me during times like these when CD's provide nothing.
That is exactly what I want to do just earn money without lifting a finger instead of all the earning my money will do for me.:)) I will just eat, sleep, walk, sit outside and watch nature.
The sentence does not make sense.
"That is exactly what I want to do. I just want to be able to earn money without lifting a finger..." instead of earning all my money through working? "I will just eat, sleep, walk, and sit outside while watching nature."
This is one of the best and honest answer you have said. That's what most humans need. A big peace of mind.
Haha, unfortunately I’m so addicted to stocks and shares I will be watching them instead lol. I really need to get out more
@@TheCompoundingInvestor Same bro
Well, you're not going to last. You will need to get a hobby or 2.
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
How did you select your stocks, I am quite new to all of this and find it hard to understand plus how much would I be investing
@@Noah-pj6tc I don't manage my portfolio myself, this is handled with the expertise of a senior investment analyst Mr Benjamin ravies, and as for amount I put £ 10k into it but you can start smaller
@@Thyago2420 I would like to connect with him directly, I intend to invest into stocks too
Benjamin ravies(a)Gmai
Lcom...Is he taking commissions for trades?
Yes he is
@@Thyago2420 okay thanks much, I will get started on the process right away
"Anger can be a weapon, if you can control it."
- Kratos, The God Of War
Anger Is An Energy - John Lydon >>>>>>>>> th-cam.com/video/jPj-8_wOZcA/w-d-xo.html&ab_channel=JonfenParker
Love that you mention how difficult it would be to get that large a position in something like JNJ. Downside to the covered call ETFs is that if I'm 40 and plan to live to 70 or longer, will this stocks last so I can still count on that dividend. That's why I like to focus on the lower cost dividend kings and aristocrats that you can mostly bank on having staying power.
the covered call etfs may not "last" until your 70s or longer, but using them now to supply you with extra ammunition to buy those lower yielding stocks with "staying power" can be very beneficial. i am retired, but i'm currently generating over $3500 a month with high yielding stocks, etfs and closed end funds. currently, only a small portion of my portfolio is invested in the kind of stocks you are talking about, but once i build my passive income to $4k per month, i plan to start using all dividends to invest in those champions, kings, and aristocrats.
I would only consider the ETF he mentions that has puts/calls given the stretched valuations of the current market. Your risk of loss to principle would decimate your account.
I watched a video from a guy giving a ted talk sort of thing that was very interesting. He did the FIRE strategy with extreme focus, him and his wife both worked full time and trimmed their expenses as much as possible and saved and invested everything left over for 10 years, then both retired, but he still works, just on his terms, the amount he wants, when he wants, and for his own purposes. He uses his labor for other things like he volunteered to build houses and learned the skills he needed to build his own house so after 10 years of being retired in his early 30's they had a kid, travel all the time, have a bigger house and more money, but neither have worked a 40 hour per week 9-5 job that entire time. A lot of people think of retirement as sitting down in a lawn chair to watch the grass grow, and figure on just drawing off of the ever shrinking investment, but his strategy was to have a livable dividend income, not sell off bits of the investment, and then supplement it with various types of part time work when he feels the desire or need, and that funds extra activities and adding to the portfolio. I don't think he said what his career was before retiring, but I believe he is staying active in it, taking contract projects so if he needed to return to work full time for any reason, his skills wouldn't be gone.
@@hzuiel very smart. I feel like I've watched a few of their vids.
@@VanillaEarth744 well, i guess you would have to go way back to my first job out of college in the early 1980s. the company had a 401k and i put 6% in and the company matched 4%. but i didn't really get serious until about ten years ago when i converted three 401k accounts to a traditional ira. the total starting amount was $293k. but i didn't really start focusing on passive income until my wife and i bought a rental property. and i didn't start focusing on passive income in my ira until about two years ago. up until the past couple months things have been very good in my portfolio. today is a massive bummer. but i am confident that things will eventually turn back around. i'm not ready to panic. experience has shown me that over the long haul, the market goes up.
I'm watching this a year after you made it. For a change, none of the things you recommended spiked immediately after your video, then nosedived shortly thereafter. Your advice is genuine, mostly accurate, not misleading, and worth taking. Thanks!
It's one of those growth versus income arguments. You focus primarily on the income side that doesn't value selling stocks but rather making money from them. I started thinking this way but I've found a mix of income and growth really have expedited my compounding ball. Other than a couple losses on some long shot stocks, I've been seeing significant growth of 5+% per quarter including reinvestment. CLM has been a gem of my monthly dividend payers besides JEPI. CLM has given me 18% growth in less than 3 months and $.1607/share dividend and an announcement they are continuing the % payout next year.
@BeijingOperaFan I definitely have a stop loss on it. You have to know when to run but I'm cautiously optimistic having gotten in fairly low. Historically it's a slow bleeder but been around for over 30 years.
Woah if you wanted to YOLO on CLM, it’d only take 330,000 to get $4000 a month. Woah
@@skooltalkpodcast8081 Takes less on a preferred stock etf.
While I primarily am a Dividend Growth Investor, I try and keep about 15% in non dividend growth stocks just to ensure my portfolio still gets some capital gains juice. I think something similar is a good idea for most folks.
Best off with an s&p tracker like voo that pays dividends and gets growth
The other issue with investing in a tobacco company is are you comfortable making money on other people's misery? As much as I want to retire early, I couldn't do that.
The thing is about that is that the dangers of smoking are well known and information about the dangers is freely available. Virtually everyone knows this today and still make the decision to smoke regardless.
Oh, you could, don't worry
Its their choice to be miserable. No one makes anyone drink or smoke. I was around both growing up and never did either. Its a choice. I will gladly take their 5 percent dividend. If it helps you can contribute some of your dividends to Cancer America.
Tobacco Companies say smoking does not cause cancer or heart disease. They have their own research to back it up and pay off Congress to not make Smoking illegal even thou it cost Taxpayers 100's of millions in health care cost. Politicians have no problems taking those donations(bribes) and you should not either. (taking dividends)
Same