In this exciting video you’ll see how my dividend portfolio has been doing in this choppy market. You’ll also learn which dividend stocks I sold out of as well as a new one I added, all of which ultimately lowered my annual passive income by thousands of dollars a year, but also derisked and diversified my portfolio, as well as increased my dividend growth potential. Near the end of this video I’ll tell you a quick synopsis of my background for any new subscribers, and I’ll also tell you why I recently sold ALL my non-dividend stocks and almost all my crypto. Chat with me on my free Dividend Discord Chat Server ➜ discord.gg/kkSr5FY Timestamps: 0:00 Intro 2:37 Review of my stocks in my spreadsheet tool 14:44 Review of my stocks in Fidelity 24:15 background about me 26:52 common questions I get 28:40 comment from a subscriber 29:41 my thoughts on where the market will go 30:27 some reasons why I sold a couple stocks and bought a new one 35:55 why I sold out of almost all my non-dividend stocks & crypto 39:53 some other pros about the new stock I got 40:34 my thoughts on spinoffs 41:06 a new stock I've been thinking about buying 41:12 some cons about the new stock I got Free $$$ for new M1 accounts referral link ➜ m1.finance/AUzJllYh-gGh Details about the free M1 $ ➜ m1.com/refer-a-friend/ Follow me on Instagram ➜ instagram.com/genexdividendinvestor/ Follow me on Twitter ➜ twitter.com/GenExDividend To get access to my Spreadsheet 2.0 then please sign up as a Patreon Aristocrat or King (and double check my Patreon site to ensure I’m still offering access, as I only have limited seats available). You also get other perks for signing up including the ability to watch my videos on my Discord before I release them to the public, and the ability to vote on what thumbnail I’ll use in some of my future videos, and you gain direct access to me. Support me & get Patreon perks ➜ www.patreon.com/genexdividendinvestor My Dividend Merch Store ➜ teespring.com/stores/genexdividendinvestor Donate to St. Jude’s Children Hospital: www.stjude.org/donate/donate-to-st-jude.html?sc_icid=header-btn-donate-now Please use my Amazon Affiliates Link ➜ amzn.to/2YLxsiW Thanks! As an Amazon Associate I earn from qualifying purchases. That means I get a small commission for each purchase you make after you click on my link and you shop, but it doesn’t cost you anything extra. It is a great way you can show your support for my channel. Please tell me if you do that, so I know who my big supporters are! Please LIKE, COMMENT and SUBSCRIBE to support this channel - it helps me immensely! Also, please SHARE this video with your friends :) Thanks, I really appreciate it!
Do you know how your estimated future income has compared to actual historical? Ie if this was 5 years ago has actual income over the next 5 years aligned to the expectation 5 years ago?
@@johng4790 No, but cagrs get updated on a monthly basis thus always reflect relatively recent history. That’s not a guarantee for the future but it paints a picture :)
Thank you for taking the time to tell your story and share your portfolio. I'm new to investing and got into SCHD as well. Wishing you the best in your health. You have a new subscriber!
You're welcome John, and thank you for subscribing :) Nice, if you keep investing over a long period of time (and don't quit), then I bet you'll end up quite happy :)
Thanks for the and info, genuinely very helpful. Currently I’m deep into Tesla … 🤦🏼♂️… maybe I drank the koolaid but I plan to hold for at least 10-15 and see how it plays. Outside of that I’m fairly deep into MO and slowly adding into SCHD. Hoping MO can earn me some dollars to speed up the growth of both (sick rhyme me). Appreciate you sharing your experience, results, etc. 🤘🏽
@@GenExDividendInvestor SCHD is the core for my dividend portfolio. Looking to possibly add some stocks though that SCHD does not hold that i like. Not sure though, I've been strictly an ETF investor. All the research and stuff is kind of off putting to me. lol
Passive income. It makes more than that as the markets trend up in the long run in capital appreciation. It has allowed me to retire and it pays all my expenses. I could put it in riskier assets and say "look I'm making $300,000 a year in dividends!" but that portfolio would probably perform a lot worse than my conservative one.
Thanks ray :) I hope it does too, haha, but I find great comfort in knowing that if it doesn't hold that my dividends will care for me (and my family if I'm not here).
To your point, I use FZROX and SCHD as buffers against my "stock picking." When you allocate the majority of your money to market returns, you're not as pressed to always beat said market. I love this video. It only serves as a means of inspiration to stay the course.
It’s so easy all you need is $2.6 million and get 90k yearly return even a baby could do it. 😮 If you’re poor just get rich, if you homeless buy a house! 😮
If you watch the videos and listened, this is something I've built up over almost 30 years. Yes, I do believe if you live frugally and invest for 30 years you can become a millionaire.
I'm glad you mentioned that you have some of the same stocks in your retirement and taxable account. That was one of the questions I've been thinking about. Thx
Great video! Sometimes I think that investing all my money or a major portion in SCHD would be a smart move. I already own many of SCHD's holdings. It would keep everything low risk and so simple. BYW, watching one of your videos 2 years ago inspired me to go for DGI. I'm at $30k income now. I need to double that to FIRE.
I'm up hundreds of % on Apple (for example). Sure, I could sell that and get more income -- but I already am getting more income than I need and I can keep my total return.
I’m probably missed it, during your working years, how much were you able to save and invest yearly on average to be able to reach this point?? Thank you. Good and inspirational video as always.
Howdy, unfortunately I lost all that data.. I was saving records on a laptop and it died and they couldn't recover it.. And then changing brokers overtime I found that most brokers only save data for 5 to 7 years before they purge it when you leave. But my retirement account is a good example -- I prolly averaged a few thousand a year, but you can see what compounding did over the decades.
@@GenExDividendInvestor oo wow.. just from few thousands a year.. compound interest sure does 8th wonder of the world. But you re also above average skillful investor. 👍
How long did it take you to grow your portfolio to this size? And approximately how much were you contributing each month to achieve this size? I’m just starting my investing journey at age 30 and would really love to hear your experience
Almost 30 years. Unfortunately I don't have any good data on how much I contributed -- TLDR I was tracking all my data carefully the first 10 years, and then the laptop I had it on died and specialists couldn't recover it. Back then no one saved stuff on the net (or almost no one lol). That turned me off to tracking it closely but I figured I could always get the data from brokerages I had been at over the years.. So when I eventually reached out to the brokerages years later they told me they only kept data on accounts for 7 years or something lol.
@@GenExDividendInvestor if we rule out compounding that equates to investment of around 7638$ per month on average (7638*30*12) to build a portfolio of 2.76 M
I am curious how you decide upon the sizing for each of your purchases-how much of your portfolio you want each position to be. Do you buy all at once or scale in? Do you re-balance when a position becomes oversized? I am also a fan of SCHD.
Howdy. I've been investing for almost 30 years.. I started small (my salary was about $30k when I started), and then I added more when I could (like I did lump sum buy's when I sold a house). I generally like to use the sector market weightings of VTI and loosely model my allocations like that... I try to buy more when something is cheap (as well as buy more of what I like).
I totally agree with what you are saying ....Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
I don't subscribe to many but I did to your channel. I believe you are a good person that wants to help people in general so thank you for all you do, unlike alot of youtube financial scammers that try to promote their products and advertisements.
We don't CHOOSE to feel any specific way, people just feel any specific way. Sure you can recognize how you're feeling in certain instances and make decisions to adjust those reactions, but in general feelings just happen. That said, yeah can't overly adjust our actions based on potential feelings of others. We should take SOME consideration, but not cripple ourselves to save the feelings of others.
Nice report GenExDividendinvestor, thank you. The strong performance of SCHD is predetermined by a vigorous screening process and regular rebalancing of its holdings. Interestingly that the same set of rules has been applied to a newly established Schwab International dividend ETF SCHY. As of now, SCHY has no track record and that may be a good reason to wait and monitor it for a while. Nevertheless, I'm convinced that this international ETF is going to perform very well in terms of both dividend growth and total return. Happy investing and all the best!
I must say amassing 2.6 mil portfolio is no small feat, but only getting 90000 in dividends seems like you are robbing yourself. You could actually be closer to 300k. It can even be done by yourself.
I've purposefully crafted a portfolio that meets my needs of both stock appreciation and income and other long term goals to set my family up for success. I currently make more income than I need, which affords me the luxury of holding stocks with low yield :) For example -- my Apple position is my lowest yield stock in my portfolio, but it has returned 300% in just a few years. If I needed more income I could sell my Apple stock and put it into Jepi and make $30k more income just from Apple (rather than the $1600 I get from apple). My microsoft position is like my apple position. So yes, I know how I can make 3x to 5x (or more) more income than I have now, but it won't hit my other needs like stock appreciation and conservative risk/tolerance, etc :)
I literally just got to the point of the video where you were explaining why you made the choices you made. I was on my way to delete this comment but I wasn't expecting you to reply. First off I have instantly became a fan. I have always been good with money but family is horrible. I was considering opening an investment club, and since you went down that path. I would be honored if you had some time to talk about that process
That can help, but its definitely not needed :) If you invest for 30 years, and the markets continue to trend like they have for decades, then a median income can easily make you a millionaire.
My goal is too be in your position some day. I have no idea how to get there. My $400 per month investment just doesn't seem to be enough. Although it is all I can spare.
I own my house free & clear. It’s market price is currently 1.2M. Since it’s my primary residence, do you consider this as part as my net worth? My stocks are currently 1.8M which I consider liquid. My house, for the most part is a liability with dead cash flow. Love your videos.
Yes, your house is part of your net worth (i.e. market value - debt owed). And thanks :) A house can be one of your best assets -- as many people who live in them and sell them make a ton of money -- and they got the benefit of living in them all that time. So, I disagree with Kiyosaki on that part of how he feels houses are liabilities. I get his point and definition, I just disagree based on my experience. Of course some houses that you overbuy at the wrong time are bad investments.
@@GenExDividendInvestor thank you for your input. At the moment, I would consider my house as a non-cash flow investment. I use my passive dividends like you do to supplement my income. I’m 67 & waiting until 70 for SS. So if I were to calculate my net worth, it’ll be investments and as an extra bonus, include my house. But ultimately to me, it’s the liquid investment. After 4 decades of investing, I’m still learning valuable information from your videos. Take care & continue good health.
A bit of a technical question on the Spreadsheet itself. I assume you are using Excel but I figure it best to check. Because I am interested about the automatically updating plug-ins. I know Microsoft 365 offers plug ins for stock prices, are you using some additional plug in?
If it helps 2 million isn’t a lot over a lifetime … you just have to make a couple thousands for a few years if you take it slow … some people are worth 200k and make that yearly but that’s because they have an expensive lifestyle
A lot of those companies that disappeared from the fortune 500 were acquired, and many of the new ones were spin offs from other companies. If you had purchased the S&P 500 as individual companies back then, the result isn't as bad as the raw statistics indicated. However choosing a managed fund or index is probably a safer "just let it ride" choice to replace your own management. I'm leaning the same direction (even SCHD). In fact Warren Buffett has a similar approach recommended for his heir(s) -- keep 10% cash and put 90% into the S&P 500.
Yep, I mentioned that many were acquired, but a material amount also died. I think going with broad market things in the US is a good long term strategy :)
No.. I called up multiple brokerages and found out that they buy extra insurance (often from Lloyd's) to be able to ensure more than 250k.. That's how the big accounts (mine isn't big compared to what they call big hehe) can be confident being there.
Generally speaking, as long as they are solid companies then I'm for it... There are lots of awesome companies out there.. I only invest in a few of them :)
Thanks! I started with a database of logos I built and you can draw pictures using the image function, though now I have access to an API I pay for that has logos.
What would you consider is the best dividend etf or stock for dividend investors to just HOLD for the next 15-20 years? I just turned 20 and close to have a 20k portfolio, i try to invest close to 1k a month but also spend a lot on traveling so that slows it down. Appreciate your video’s a lot, keep up the good work 👍
MSFT is one of my fav long term stocks that I'm long in and my kids are also long in their accounts. In terms of div ETFs, I like SCHD... I wouldn't put my kids in it unless they needed income now.
This video was amazing. Thank you for sharing such a detailed summary of your investments. This is really inspiring and shows the power of long term dividend investing 🎉
I love the content you put out. I’m pretty new to investing, and i love the idea of growth dividend investing. This channel has helped me learn a lot for my own personal investing journey. But my actual favorite part of these videos is the soothing background music. Oh and the occasional memes! Lol
Thanks, Javier, I really appreciate you saying that :) And congrats for starting investing... Just keep going.. your future self will thank you (especially if you don't permanently quit when times get rough).
I have enjoyed your videos for some time and love your relaxed presentation. I know you do not have to tell anyone what you have learned and thank you for your effort. I hope you keep educating your children this way so I can enjoy even more videos. Thank You.
I bought a lot of AT$T and MMM when they were both in deep discount. I have them for dividends; though it doesn’t hurt that I have double digit returns.
That's a broad question for me to answer :) I'm not a financial advisor, and I wouldn't listen to people over the internet :) That being said, I invest in EPD which is a higher yielding MLP (which has its own risks/issues) and I'd personally be comfortable taking a position in DIVO or JEPI (though I'd limit my ownership to 10% at most of my portfolio). That doesn't mean you or anyone else should, but are examples of higher yielding stocks that aren't sin stocks ;) These days even O is over 5% :)
Good question.. I'd be happy it becoming one of my largest (if not the largest) positions over time :) That will take a few years or more as I'm not actively investing into it.. but hey, maybe some cash will fall outta the air ;)
Have you ever back tested your portfolio against 100% VTI and 100% SCHD? I have spent my whole life being very diversified, but a lot of what I see is all you need is a couple ETFs . When I back test against 100% SCHD most times SCHD wins. I keep wanting to move to a more simple streamlined portfolio, but love owning a lot of different great companies like your portfolio.
No.. I did a video on it compared to sp500 once, but it’s not an accurate test unless it has all the buys/sells etc :). I like what I own, and that motivates me significantly :)
Aloha Gen Ex,PPC iIan also mentioned MMM lawsuits and I have also cut my shares in half. What’s your opinion on CLX still a keeper? I might also sell some of my non dividend stocks because I’m now 55yo. Great vid again.
Great videos! Your Patreon memberships are sold out, so I was wondering if there is another way to access your spreadsheet templates without becoming a King or Aristocrat patron? Thank You.
Thanks :) Unfortunately not at this time... We are working to make the spreadsheet more scalable so I can add more folks to it... but new seats open up every so often if you keep checking :)
I can relate to the uncertainty of an underlying health issue being the driving force to try and create stability for family. I have overcome cancer myself and my husband nearly died due to a rare aggressive autoimmune condition called GPA. How he survived and learned to walk again is a miracle. We have run a business together for 24 years but my 5 year goal is to allow him to retire as I just don’t see him continuing at this pace long term. Learning to invest with you videos has been a blessing! Thank you for this knowledge and look forward to more videos.
Sorry that you guys are dealing with those health issues.. it really does change your perspective on things. One positive aspect is they help you appreciate any positive things in your life. It’s great you are spending some time to increase your financial literacy :)
It must be amazing to not have to stress about paying the bills or buying something and not having to wake up for work. This guy is living the dream, the only thing that could make it better is if you wake up next Kaia Gerber.
awesome and comprehensive content .....it's funny I recently unloaded T,MMM also not because I know anything .....but didn't like the risk profile anymore . I've owned each for over 5 years. love the portfolio
Very good points in this video!!! 👏 Invest for the long-term and follow your own intuition and logic not the herd. Also, invest in businesses that produce fairly recession resistant cashflows. Loved how you put in some history on your 90's investment group, and spoke about why you moved outta some positions and into another. Good stuff as always! 💯👍
Howdy, I did give out more specifics than I already have, but its pretty easy to figure out... I've been investing for just over 30 years and I started after I graduated college at my first job :)
Wait, did you sell your JPM position too? Where have I been? lol. Your videos always excite me about the possibility of where my own portfolio might end up if I stick with it for decades as you've done 😃
Amigo I will be praying for your health I know you have the money and you are prosperous but God was with you while you are at the hospital the honor and the glory is for him. He love you so much amigo mío. I know you make a video long time ago about life insurance and May be after this issue of health it came to my mine do you have any life insurance? May be you don’t think is good or not necessary but who knows may be that could help you too don’t you think? Have a great day and God Bless You
@@GenExDividendInvestor no problem I do have life insurance amigo lío because I think it’s a good way to diversify my portfolio. Even I don’t know and probably I never will know you in this life but I hope you read this God loves you and your family and everyday his mercy is new he love you Genex and I know from the sky he wants you heart and don’t want your soul to go to another place than just heaven. I love you in the name of Jesus.
What are your thoughts about Terry Smith? If so, are you looking to apply his strategy of investing in companies with strong moats, high margins and high ROCE?
Howdy... I have built up a strategy I've used over the decades.. If you watch my deep dive videos when I started my channel you can see what I do.. I also have an abridged analysis process I use when first looking at a stock. BTW, if you start pitching someone and their telegram or whats app or etc, then I'll have to ban you as a user, as well as everyone else who comments on the thread :)
@@rubygreen1249 No... Good places for dividend-loving retirees would be the seven states that don't tax dividends: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Tennessee has some situations where divs have some tax benefits, but not $0 :) But, I'm not a tax expert, so dig into it :)
In my opinion I would avoid things like QYLD if I was in the stage of trying to grow my net worth. The yield looks nice but I think inexpensive broad market etfs will outperform over the long run.
@@GenExDividendInvestor what etf would you recommend? How about PGX? I am planning on investing in PGX then the rest in stocks, e.g. kellogs, Apple,etc.
@@skazure7768 NP, come on my free dividend discord -- we have a channel dedicated for people who want to make their own spreadsheets. You will find a lot of people who can help you do what you want :)
First of all- thank you for your work and taking time to create the content and for sharing the experience. But I wanted to ask: 90k out of ~2.7mil is 3.3% What exactly outstanding in this div return, when there are way better ones, especially with 2.7 mil? Low risk, invest and forget (low maintenance)? Cause inflation (even regular 2-3% range) will eat it all up! Treasure bonds paying 4% and those guaranteed. Don't get me wrong- with all the respect to hard decisions and work. Just wondering about efficiency of the approach and the logic within, in case I am missibg the point.
3.3% doesn’t include stock appreciation. So much Apple shares are up hundreds of %. It doesn’t include dividend growth (which is about 7%). If I had out my money In bonds or cds I’d have way way less :). So I have enough income to pay all my expenses while also getting stock appreciation and being in a low risk portfolio. So sure I could sell and move onto QYLD and be making way more income then I need - but I’m confident I wouldn’t have the long term returns, and my goal is to not only be retired but also leave a growing portfolio to my future generations.
Re-watched your video once again- so piece of mind and reliability/consistency. Valid points- it pays some bills, which is better anyway. However inflation is still an issue with these returns.
@@andreystepovoy no, dividend growth and average stock returns have beaten inflation for decades :). Don’t focus on an edge case of inflation and assume that has happened for 30 years.
GenEx, I have two questions for you: would you have sold your TSLA, GOOG, AMZN, etc. if the situation had not come up, and what is your favorite video game at the moment?
I hate double commenting but I think this needs to be said to anyone watching this video and reading this. You should never feel bad seeing another persons investment portfolio and how much they are generating. See it as a goal, the same way when you go to the gym and you see all these people benching 300 lbs or ripped with massive muscles, it is not something to be overwhelmed by or depressed about your circumstance because everyone starts off the same. For both situations investing and working out, it comes down to 3 things: 1) Putting in the work 2) Consistency 3Patience And that is just the way life is, never expect things to change right away because they wont. Slow and steady is a better, use people who have already made it to make you see your own successes. Imagine yourself with that goal by seeing others.
Great video as always. That's funny. I recently sold Reality Income and bought Store Capital. I would be interested in your comparison of O with STORE.
Hehe, thanks.. I've never thought of it as a movie :) Maybe I'll do a video on my thoughts on Stor, or maybe I'll do it as part of a questions & answers video some day...
Mostly it has to do with the risks of putting all your eggs in one basket (a basket that has a good amount of risk associated with it). My goal isn't to have the most yield -- as if I wanted to do that I could go with something like a 10% jepi and be making way more cash flow :) I want a balance of conservative yield along with a mix of companies that I believe can grow a lot (like Apple and Microsoft). I'm fortunate that my portfolio is large enough that even with a relatively low current yield I can cover my living expenses -- so I don't need to sacrifice yield for diversity + stock appreciation potential.
@@GenExDividendInvestor Thanks! Love the content! I've been trying to maximize my dividends while also diversifying. I have a higher percentage in MO and SCHD than anything else.
You can figure that out pretty closely if you do the math.. I've been investing for almost 30 years.. I retired in my 40s 2 years ago (like the video I just did shared). The rest is up to you!
Your portfolio dollar value is incredible....but I have some monthly dividend paying stocks in my personal portfolio (AGNC, PCF, ACP, EFC and DX). With just 1.1 mil you could have those same stocks that generate $11,300 monthly= at least 130K annually excluding your other 1.5 mil invested into other quarterly/monthly dividend paying stocks. If you were to add other stocks you could easily generate an average of 20K per month.
Thanks -- I've crafted a portfolio that meets my income needs and my desire for stock appreciation. Like I'm up hundreds of % in apple, but it also yields less than 1% :) Since I already have more income than I need I have the luxury of keeping my low yield/higher appreciating investments -- rather than sacrifice growth for yield. I also have a very low risk portfolio, which I prefer. So yes, I could put everything in JEPI or QYLD and get a lot more income than I need, but I'd be taking on risks and sacrificing appreciation, so I prefer my strategy :)
Am I missing something here? Your $2.7m portfolio is returning 90k per year? A return of approximately 3.4% ? Surely just investing in a tracker fund would return similar results without the hours of research and diligence required for the method. I get the feeling that something is missing here. I can't quite square the circle on this. It feels like the dividend % isn't adequate enough for the growth\size of the fund in regards to the alluded to timescale.
Yes you are confusing current yield versus total returns :). Like I’ve invested $70k in Apple, but it is worth about $300k in my portfolio now. But it only yields less than 1% for dividends.
@@GenExDividendInvestor I've deleted that stupud question for breaching crimes against stupidity. My problem is that as a newbie to investing in the UK, I'm getting cofused by wether to invest through an accumulation fund(s) via an ISA (tax free saving vehicle) which are currently returning 2.5-5% or to pick my stocks carefully for a divendend return but I can't currently afford to do both. Initially I'm think of using the ISA to build funds while I get to grips with the intricacies of investing
@@HDB1974 Invest in what you think will give you the best total return (assuming you don't need money/income now). Join my free dividend discord and PM me and I'll add you to the UK channel so you could ask stuff from other investors from the UK :)
Do you think it is "safe" to rely on MO for 15.5% of your dividend income? That is a large percentage of your dividend income in a single stock. Although MO produces a nice dividend, I have refrained from investing in that stock because of a moral issue. My father-in-law suffered and died from lung cancer due to smoking...I saw how he suffered from emphysema for years and finally cancer due to smoking. But that is a personal decision on my part. You also have PM, but that is producing a much smaller part of your total dividend income.
That's a great question -- I'm confident enough that I have it at that level, but I respect you investing in what you believe in. I have a close relative who smokes and has lung cancer, and my dad used to smoke. I personally don't smoke (other than a cigar at a bachelor party or something), but I do support people smoking if they want. I think what the tobacco companies did years ago of hiding the negative impacts of smoking was terrible.
@@GenExDividendInvestor I realize that everyone has their own viewpoints and I respect your viewpoint. People are free to make choices (if they want to smoke or not, or whatever decision) and that is a good thing. Anyway, I don't want to distract from the point of the video about dividend investing. It is a powerful wealth building and income strategy and it is nice that you put out these videos that are informative. Thanks for the video.
how would you owe $0 in fed taxes on your Q Dividends? Wouldn't you be taxes at the 22% bracket (married filing jointly) if you're making $90k on divs?
Love the portfolio break-downs and more evidence that DGI investing just works as long as someone just continues to build positions with value investments
i haven´t finished the video yet but im telling you this, when you were talking about the time you had to sell all of your non-dividend positions to give the cash to someone you cared you said you were lucky you sold before the s&p and cripto fall. Well, you weren´t lucky, see it happened but life figured how to return something to you, after giving inconditionally. Btw, excellent video, im 17 and im saving a bit more of $ to start building my dividend porfolio. Thanks for this non-common content, i really appreciate it. Practice gratitude, it has similar power to compound interest. A hug from Argentina.
Thanks :) Awesome you are learning & investing at such a young age. You should join my Dividend Discord -- I have an Argentina channel (so just PM me if you join and I'll add you to it). discord.gg/kkSr5FY
There are lots of great companies & asset classes I don't invest in... But I did recently do a video on MLPs (amongst others), where I share some of my perspective on them. th-cam.com/video/3AUmfunez2A/w-d-xo.html
What is your attraction to dividend stocks when their return is below the average SP500? Taxes are like long term capital gains. So overtime you’re leaving money on the table. Thoughts?
The average returns of dividend stocks have outperformed returns of non-dividend stocks (on average) overtime. I've shared multiple studies in multiples videos showing that fact. I've also showed why I pay $0 in federal income taxes due to my qualified dividends (I'm retired). In my videos I explain multiple reasons why I invest in them as well as explain common misconceptions about dividends. Watch more of my videos if you want to hear nuanced responses :)
So I’m kind of new to investing… do you just invest in companies that pay a dividend? Are you sacrificing potential income from companies who don’t pay a dividend?
So I like to invest in great companies (i.e. I went with companies that I considered quality, regardless if they paid a dividend). Overtime I came to appreciate conservative blue chip companies the most (which also tend to pay dividends), and my strategy was to be able to retire on conservative blue chip dividend stocks. I still like to invest in companies like Google and Amazon that don't pay a dividend (which I was doing until very recently).
Wondering your thoughts on MSFT and CRM? I am invested in CRM and have high hopes here, in that our old mainframe shop will potentially move to the Salesforce platform.
I dont consider this a dividend portfolio with the low yields. This is dividend growth. A dividend portfolio would bring in 20k a month with that amount
Most of it is auto pulled though you still should double check some things (and etfs need to be manually checked because their payouts arent the same so they dont work as well automatically). The next version of the spreadsheet (3.0) we are testing right now and hope to release it in a few weeks which will be a big improvement to speed and stability.
Praying good health for you my friend. You are a good man to make sure your family is taken care of and you are a good man for sharing your wisdom with us all these years. I have learned so much from you and I will always be grateful. SCHD is my second largest holding only behind VOO. I have a feeling it will eventually be my largest holding. I like to keep it simple for the same reason as you described. Just to keep it easy for my wife.
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In this exciting video you’ll see how my dividend portfolio has been doing in this choppy market. You’ll also learn which dividend stocks I sold out of as well as a new one I added, all of which ultimately lowered my annual passive income by thousands of dollars a year, but also derisked and diversified my portfolio, as well as increased my dividend growth potential.
Near the end of this video I’ll tell you a quick synopsis of my background for any new subscribers, and I’ll also tell you why I recently sold ALL my non-dividend stocks and almost all my crypto.
Chat with me on my free Dividend Discord Chat Server ➜ discord.gg/kkSr5FY
Timestamps:
0:00 Intro
2:37 Review of my stocks in my spreadsheet tool
14:44 Review of my stocks in Fidelity
24:15 background about me
26:52 common questions I get
28:40 comment from a subscriber
29:41 my thoughts on where the market will go
30:27 some reasons why I sold a couple stocks and bought a new one
35:55 why I sold out of almost all my non-dividend stocks & crypto
39:53 some other pros about the new stock I got
40:34 my thoughts on spinoffs
41:06 a new stock I've been thinking about buying
41:12 some cons about the new stock I got
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👍
Really enjoyed this thank you !
@@jimmyt5241 Thanks, James :)
Do you know how your estimated future income has compared to actual historical? Ie if this was 5 years ago has actual income over the next 5 years aligned to the expectation 5 years ago?
@@johng4790 No, but cagrs get updated on a monthly basis thus always reflect relatively recent history. That’s not a guarantee for the future but it paints a picture :)
Thank you for taking the time to tell your story and share your portfolio. I'm new to investing and got into SCHD as well. Wishing you the best in your health. You have a new subscriber!
You're welcome John, and thank you for subscribing :) Nice, if you keep investing over a long period of time (and don't quit), then I bet you'll end up quite happy :)
It's amazing how your annual dividends just keep growing. You've far surpassed escape velocity.
Hopefully they keep trending up :)
Thanks for the and info, genuinely very helpful. Currently I’m deep into Tesla … 🤦🏼♂️… maybe I drank the koolaid but I plan to hold for at least 10-15 and see how it plays. Outside of that I’m fairly deep into MO and slowly adding into SCHD. Hoping MO can earn me some dollars to speed up the growth of both (sick rhyme me). Appreciate you sharing your experience, results, etc. 🤘🏽
Thanks.. looks like some bots responded to your comment. I’ll watch and ban accordingly :)
I love me some SCHD. I’m close to crossing 1,000 shares.
Nice! That is a big milestone amount!
@@GenExDividendInvestor SCHD is the core for my dividend portfolio. Looking to possibly add some stocks though that SCHD does not hold that i like. Not sure though, I've been strictly an ETF investor. All the research and stuff is kind of off putting to me. lol
2.6 mil to make 90k a year 😂😂😂
Passive income. It makes more than that as the markets trend up in the long run in capital appreciation. It has allowed me to retire and it pays all my expenses. I could put it in riskier assets and say "look I'm making $300,000 a year in dividends!" but that portfolio would probably perform a lot worse than my conservative one.
@@GenExDividendInvestor Get those financially illiterate hacks!
That's why he's rolling with 2.6 mill while you're living paycheck to paycheck.
“Business opportunities are like buses, there’s always another one coming.” - Richard Branson. Thanks for the video :)
You're welcome, and nice quote Yasin :)
Hoping your health keeps up GenEx. You're a solid dude.
Thanks ray :) I hope it does too, haha, but I find great comfort in knowing that if it doesn't hold that my dividends will care for me (and my family if I'm not here).
To your point, I use FZROX and SCHD as buffers against my "stock picking." When you allocate the majority of your money to market returns, you're not as pressed to always beat said market.
I love this video. It only serves as a means of inspiration to stay the course.
Thanks, glad you enjoyed it, John :)
It’s so easy all you need is $2.6 million and get 90k yearly return even a baby could do it. 😮
If you’re poor just get rich, if you homeless buy a house! 😮
If you watch the videos and listened, this is something I've built up over almost 30 years.
Yes, I do believe if you live frugally and invest for 30 years you can become a millionaire.
I'm glad you mentioned that you have some of the same stocks in your retirement and taxable account.
That was one of the questions I've been thinking about.
Thx
Glad that helped :)
Great video!
Sometimes I think that investing all my money or a major portion in SCHD would be a smart move. I already own many of SCHD's holdings. It would keep everything low risk and so simple.
BYW, watching one of your videos 2 years ago inspired me to go for DGI. I'm at $30k income now. I need to double that to FIRE.
Thanks! And nice that yer well on your way :)
Having $2,667,000 in an account to earn dividends on is impressive. Earning 3.4% a year on them ($90k/$2.67m) , not so much.
I'm up hundreds of % on Apple (for example). Sure, I could sell that and get more income -- but I already am getting more income than I need and I can keep my total return.
I’m probably missed it, during your working years, how much were you able to save and invest yearly on average to be able to reach this point?? Thank you. Good and inspirational video as always.
Howdy, unfortunately I lost all that data.. I was saving records on a laptop and it died and they couldn't recover it.. And then changing brokers overtime I found that most brokers only save data for 5 to 7 years before they purge it when you leave. But my retirement account is a good example -- I prolly averaged a few thousand a year, but you can see what compounding did over the decades.
@@GenExDividendInvestor oo wow.. just from few thousands a year.. compound interest sure does 8th wonder of the world. But you re also above average skillful investor. 👍
You’ve invested for 30 years. You sound young to be retired. Trynna be you when I grow up.
I'm just immature :)
How long did it take you to grow your portfolio to this size? And approximately how much were you contributing each month to achieve this size? I’m just starting my investing journey at age 30 and would really love to hear your experience
Almost 30 years. Unfortunately I don't have any good data on how much I contributed -- TLDR I was tracking all my data carefully the first 10 years, and then the laptop I had it on died and specialists couldn't recover it. Back then no one saved stuff on the net (or almost no one lol). That turned me off to tracking it closely but I figured I could always get the data from brokerages I had been at over the years.. So when I eventually reached out to the brokerages years later they told me they only kept data on accounts for 7 years or something lol.
@@GenExDividendInvestor come on give us a estimate
@@ygbodybuilder3023 Watch the video.
@@GenExDividendInvestor if we rule out compounding that equates to investment of around 7638$ per month on average (7638*30*12) to build a portfolio of 2.76 M
@@ibraheemali9541 Compounding is there most of my gains have come :)
I am curious how you decide upon the sizing for each of your purchases-how much of your portfolio you want each position to be. Do you buy all at once or scale in? Do you re-balance when a position becomes oversized? I am also a fan of SCHD.
Howdy. I've been investing for almost 30 years.. I started small (my salary was about $30k when I started), and then I added more when I could (like I did lump sum buy's when I sold a house). I generally like to use the sector market weightings of VTI and loosely model my allocations like that... I try to buy more when something is cheap (as well as buy more of what I like).
I totally agree with what you are saying ....Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
Well, it’s good you invested to put yourself in this situation :) I personally don't liquidate, and instead try to invest more :)
I am doing nothing.
@@mak2867 why?
I don't subscribe to many but I did to your channel. I believe you are a good person that wants to help people in general so thank you for all you do, unlike alot of youtube financial scammers that try to promote their products and advertisements.
Thanks Dung, I appreciate you watching & commenting :)
you can never make people feel a certain way. THEY choose to feel that way. flex away and don’t worry about other people’s feelings!!!!!!
Now that is a good point, thanks. I still care tho ;)
Truth.
You must all be single.
Correct. We cannot be walking on eggshells because of people's low self esteem and insecurities
We don't CHOOSE to feel any specific way, people just feel any specific way. Sure you can recognize how you're feeling in certain instances and make decisions to adjust those reactions, but in general feelings just happen.
That said, yeah can't overly adjust our actions based on potential feelings of others. We should take SOME consideration, but not cripple ourselves to save the feelings of others.
Man, imagine if you didnt have a wife? You'd have 7 MILLION 🤣
Hehe, but I'd give up my entire portfolio if the choice was portfolio or never having met my wife :)
Nice report GenExDividendinvestor, thank you.
The strong performance of SCHD is predetermined by a vigorous screening process and regular rebalancing of its holdings. Interestingly that the same set of rules has been applied to a newly established Schwab International dividend ETF SCHY. As of now, SCHY has no track record and that may be a good reason to wait and monitor it for a while. Nevertheless, I'm convinced that this international ETF is going to perform very well in terms of both dividend growth and total return.
Happy investing and all the best!
Nice :) Yeah, I mentioned it in a previous video once. Hopefully it does awesome!
I must say amassing 2.6 mil portfolio is no small feat, but only getting 90000 in dividends seems like you are robbing yourself. You could actually be closer to 300k. It can even be done by yourself.
I've purposefully crafted a portfolio that meets my needs of both stock appreciation and income and other long term goals to set my family up for success. I currently make more income than I need, which affords me the luxury of holding stocks with low yield :) For example -- my Apple position is my lowest yield stock in my portfolio, but it has returned 300% in just a few years. If I needed more income I could sell my Apple stock and put it into Jepi and make $30k more income just from Apple (rather than the $1600 I get from apple). My microsoft position is like my apple position. So yes, I know how I can make 3x to 5x (or more) more income than I have now, but it won't hit my other needs like stock appreciation and conservative risk/tolerance, etc :)
I literally just got to the point of the video where you were explaining why you made the choices you made. I was on my way to delete this comment but I wasn't expecting you to reply. First off I have instantly became a fan. I have always been good with money but family is horrible. I was considering opening an investment club, and since you went down that path. I would be honored if you had some time to talk about that process
A key to successful port such as yours is to have a high income or high profitable business. Unless you wanna retire at 90 off a 30k income per year.
That can help, but its definitely not needed :) If you invest for 30 years, and the markets continue to trend like they have for decades, then a median income can easily make you a millionaire.
I dont care about beating the market ,all i care is beating my bills
That is probably even smarter!
My goal is too be in your position some day. I have no idea how to get there. My $400 per month investment just doesn't seem to be enough. Although it is all I can spare.
The key is to invest for decades and don’t quit .. in reasonable companies. If you do that I’m confident you will get to an amazing spot.
don't die on us bruh
Haha, thanks, but everyone dies at some point :)
I own my house free & clear. It’s market price is currently 1.2M. Since it’s my primary residence, do you consider this as part as my net worth? My stocks are currently 1.8M which I consider liquid. My house, for the most part is a liability with dead cash flow. Love your videos.
Yes, your house is part of your net worth (i.e. market value - debt owed). And thanks :) A house can be one of your best assets -- as many people who live in them and sell them make a ton of money -- and they got the benefit of living in them all that time. So, I disagree with Kiyosaki on that part of how he feels houses are liabilities. I get his point and definition, I just disagree based on my experience. Of course some houses that you overbuy at the wrong time are bad investments.
@@GenExDividendInvestor thank you for your input. At the moment, I would consider my house as a non-cash flow investment. I use my passive dividends like you do to supplement my income. I’m 67 & waiting until 70 for SS. So if I were to calculate my net worth, it’ll be investments and as an extra bonus, include my house. But ultimately to me, it’s the liquid investment. After 4 decades of investing, I’m still learning valuable information from your videos. Take care & continue good health.
Proud to be First!
Nice job Raw Mean :)
🥳🎉
A bit of a technical question on the Spreadsheet itself. I assume you are using Excel but I figure it best to check. Because I am interested about the automatically updating plug-ins. I know Microsoft 365 offers plug ins for stock prices, are you using some additional plug in?
I use google sheets, along with thousands of lines of code (no plug in).
If it helps 2 million isn’t a lot over a lifetime … you just have to make a couple thousands for a few years if you take it slow … some people are worth 200k and make that yearly but that’s because they have an expensive lifestyle
If what helps? :)
@@GenExDividendInvestor that was fast
@@cynthiamartinez56 Thats what she said?
I'm glad you recovered from your health scare...thank you for such valuable information! Stay healthy :)
Thanks, Hammer, me too, haha.
A lot of those companies that disappeared from the fortune 500 were acquired, and many of the new ones were spin offs from other companies. If you had purchased the S&P 500 as individual companies back then, the result isn't as bad as the raw statistics indicated. However choosing a managed fund or index is probably a safer "just let it ride" choice to replace your own management. I'm leaning the same direction (even SCHD). In fact Warren Buffett has a similar approach recommended for his heir(s) -- keep 10% cash and put 90% into the S&P 500.
Yep, I mentioned that many were acquired, but a material amount also died. I think going with broad market things in the US is a good long term strategy :)
Great video! Any concerns about having that much in a single account? SIPC only covers up to 500k.
No.. I called up multiple brokerages and found out that they buy extra insurance (often from Lloyd's) to be able to ensure more than 250k.. That's how the big accounts (mine isn't big compared to what they call big hehe) can be confident being there.
@@GenExDividendInvestor That is good to know TY!
This is my first time watching your channel. You're a great person I really hope you do well and wish the best for you and your family.
Thanks for your nice words, Mostafa :)
This guy sounds like he's in his 30s but the way he talks sounds like he's in his 50s.
I have the maturity of a 13 year old teenage boy.. lol.
@@GenExDividendInvestor RAHAHAHA! I know them feelers buddy!
Hi genex, I was curious about your opinion on investing in other REIT’s like STOR and W.P Carey. Thank you again for another awesome video!
Generally speaking, as long as they are solid companies then I'm for it... There are lots of awesome companies out there.. I only invest in a few of them :)
hey , great video !
what function are you using to display company logo at your spreadsheet?
Thanks! I started with a database of logos I built and you can draw pictures using the image function, though now I have access to an API I pay for that has logos.
What would you consider is the best dividend etf or stock for dividend investors to just HOLD for the next 15-20 years? I just turned 20 and close to have a 20k portfolio, i try to invest close to 1k a month but also spend a lot on traveling so that slows it down. Appreciate your video’s a lot, keep up the good work 👍
MSFT is one of my fav long term stocks that I'm long in and my kids are also long in their accounts. In terms of div ETFs, I like SCHD... I wouldn't put my kids in it unless they needed income now.
This video was amazing. Thank you for sharing such a detailed summary of your investments. This is really inspiring and shows the power of long term dividend investing 🎉
I’m glad you enjoyed it, Jacob! Share it with someone it might help :)
I love the content you put out. I’m pretty new to investing, and i love the idea of growth dividend investing. This channel has helped me learn a lot for my own personal investing journey. But my actual favorite part of these videos is the soothing background music. Oh and the occasional memes! Lol
Thanks, Javier, I really appreciate you saying that :) And congrats for starting investing... Just keep going.. your future self will thank you (especially if you don't permanently quit when times get rough).
I have enjoyed your videos for some time and love your relaxed presentation. I know you do not have to tell anyone what you have learned and thank you for your effort. I hope you keep educating your children this way so I can enjoy even more videos. Thank You.
Thanks Hadrow (that seems weird to say, hehe). It takes a lot of time/effort but it is very rewarding :)
what i'm wondering - are you considering blackstone right now ? - 5 percent yield, safe asset manager.
I’ve not looked at them recently but are probably worth considering :)
BX is one of my biggest positions 📈🙏
I bought a lot of AT$T and MMM when they were both in deep discount. I have them for dividends; though it doesn’t hurt that I have double digit returns.
I buy/sell about 1 ticker per year on average... I sold out of both T and MMM but I hope they prosper over the long run.
For those of us who do not want to invest in Altria or BTI, etc, what would you suggest instead? Thx❤
That's a broad question for me to answer :) I'm not a financial advisor, and I wouldn't listen to people over the internet :) That being said, I invest in EPD which is a higher yielding MLP (which has its own risks/issues) and I'd personally be comfortable taking a position in DIVO or JEPI (though I'd limit my ownership to 10% at most of my portfolio). That doesn't mean you or anyone else should, but are examples of higher yielding stocks that aren't sin stocks ;) These days even O is over 5% :)
@GenExDividendInvestor lol @ sin stocks. I was thinking, I should have "specifically" say "tobacco," but ya got. 😜
Thanks much.🤣
I like SCHD as well, it’s a great fund. How high do you plan on building out your position in it?
Good question.. I'd be happy it becoming one of my largest (if not the largest) positions over time :) That will take a few years or more as I'm not actively investing into it.. but hey, maybe some cash will fall outta the air ;)
Have you ever back tested your portfolio against 100% VTI and 100% SCHD? I have spent my whole life being very diversified, but a lot of what I see is all you need is a couple ETFs . When I back test against 100% SCHD most times SCHD wins. I keep wanting to move to a more simple streamlined portfolio, but love owning a lot of different great companies like your portfolio.
No.. I did a video on it compared to sp500 once, but it’s not an accurate test unless it has all the buys/sells etc :). I like what I own, and that motivates me significantly :)
Aloha Gen Ex,PPC iIan also mentioned MMM lawsuits and I have also cut my shares in half. What’s your opinion on CLX still a keeper? I might also sell some of my non dividend stocks because I’m now 55yo. Great vid again.
Thanks.. I’ve liked CLX and used to hold them… I’d be fine getting in at a price I liked.
@@GenExDividendInvestor you sold all your shares of CLX?
Great videos! Your Patreon memberships are sold out, so I was wondering if there is another way to access your spreadsheet templates without becoming a King or Aristocrat patron? Thank You.
Thanks :) Unfortunately not at this time... We are working to make the spreadsheet more scalable so I can add more folks to it... but new seats open up every so often if you keep checking :)
I can relate to the uncertainty of an underlying health issue being the driving force to try and create stability for family. I have overcome cancer myself and my husband nearly died due to a rare aggressive autoimmune condition called GPA. How he survived and learned to walk again is a miracle. We have run a business together for 24 years but my 5 year goal is to allow him to retire as I just don’t see him continuing at this pace long term. Learning to invest with you videos has been a blessing! Thank you for this knowledge and look forward to more videos.
Sorry that you guys are dealing with those health issues.. it really does change your perspective on things. One positive aspect is they help you appreciate any positive things in your life. It’s great you are spending some time to increase your financial literacy :)
It must be amazing to not have to stress about paying the bills or buying something and not having to wake up for work. This guy is living the dream, the only thing that could make it better is if you wake up next Kaia Gerber.
I think it would be better waking up next to her in a dream... in rl my wife would get mad ;)
@@GenExDividendInvestor Not if you're a mormon!
@@Cleisthenes607 lol.. I dated a Mormon girl once.. pretty wild :)
awesome and comprehensive content .....it's funny I recently unloaded T,MMM also not because I know anything .....but didn't like the risk profile anymore . I've owned each for over 5 years. love the portfolio
Thanks! I hope they flourish in the future :)
Absolutely incredible video, great work👍🏻
Thanks a ton, Ethan :)
What would you have done with MMM if your family's financial security wasn't an issue?
I would pray to the great dividend gods and seek clarity... I dunno, I'd have to evaluate things more -- but that wasn't my life...
Very good points in this video!!! 👏 Invest for the long-term and follow your own intuition and logic not the herd. Also, invest in businesses that produce fairly recession resistant cashflows. Loved how you put in some history on your 90's investment group, and spoke about why you moved outta some positions and into another. Good stuff as always! 💯👍
Thanks DJ :)
i love bti and pm ;) own alot there:)
Nice!
If you don’t mind me asking I’m curious to know how old are you? Since you’re already retired and you sound young.
Howdy, I did give out more specifics than I already have, but its pretty easy to figure out... I've been investing for just over 30 years and I started after I graduated college at my first job :)
If you don’t mind me asking how long have you been building this profolio?
Almost 3 decades.
Love the knowledge and transparency shared thank you!
Thanks and glad you enjoyed it, Ricardo :)
Thanks again for great content. You may have been asked this in the past but I see great opportunity to sell
Yer welcome.. I actually mentioned that in the video (you mighta missed it).
Wait, did you sell your JPM position too? Where have I been? lol. Your videos always excite me about the possibility of where my own portfolio might end up if I stick with it for decades as you've done 😃
Ya I moved back into GS.. I mentioned it in a prev vid.
Amigo I will be praying for your health I know you have the money and you are prosperous but God was with you while you are at the hospital the honor and the glory is for him. He love you so much amigo mío. I know you make a video long time ago about life insurance and May be after this issue of health it came to my mine do you have any life insurance? May be you don’t think is good or not necessary but who knows may be that could help you too don’t you think? Have a great day and God Bless You
Thanks, Luis :) Nope, I don't have any life insurance.. Just my stocks ;)
@@GenExDividendInvestor no problem I do have life insurance amigo lío because I think it’s a good way to diversify my portfolio. Even I don’t know and probably I never will know you in this life but I hope you read this God loves you and your family and everyday his mercy is new he love you Genex and I know from the sky he wants you heart and don’t want your soul to go to another place than just heaven. I love you in the name of Jesus.
What are your thoughts about Terry Smith? If so, are you looking to apply his strategy of investing in companies with strong moats, high margins and high ROCE?
Howdy... I have built up a strategy I've used over the decades.. If you watch my deep dive videos when I started my channel you can see what I do.. I also have an abridged analysis process I use when first looking at a stock. BTW, if you start pitching someone and their telegram or whats app or etc, then I'll have to ban you as a user, as well as everyone else who comments on the thread :)
Making 90 per year how much is going to tax ? I'm just about to hit 1k per year
$0 in federal income taxes.
@@GenExDividendInvestor how about state?
@@rubygreen1249 Some states have $0 income taxes.
@@GenExDividendInvestor that is awsome. Have you done a video on the best taxed advantage states for dividend investors?
@@rubygreen1249 No... Good places for dividend-loving retirees would be the seven states that don't tax dividends: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Tennessee has some situations where divs have some tax benefits, but not $0 :) But, I'm not a tax expert, so dig into it :)
I’m 21 just started dividend investing my main stock is QYLD which pays monthly living off of dividends is my dream goal
In my opinion I would avoid things like QYLD if I was in the stage of trying to grow my net worth. The yield looks nice but I think inexpensive broad market etfs will outperform over the long run.
@@GenExDividendInvestor what etf would you recommend? How about PGX? I am planning on investing in PGX then the rest in stocks, e.g. kellogs, Apple,etc.
U should do an updated tutorial on how to color coordinate when stocks pay out like how u have it on our own spreadsheet
I don't think I'll do any more spreadsheet tutorials.. 2 is enough :)
@@GenExDividendInvestor oh ok, thank u for responding
@@skazure7768 NP, come on my free dividend discord -- we have a channel dedicated for people who want to make their own spreadsheets. You will find a lot of people who can help you do what you want :)
First of all- thank you for your work and taking time to create the content and for sharing the experience. But I wanted to ask: 90k out of ~2.7mil is 3.3% What exactly outstanding in this div return, when there are way better ones, especially with 2.7 mil? Low risk, invest and forget (low maintenance)? Cause inflation (even regular 2-3% range) will eat it all up! Treasure bonds paying 4% and those guaranteed. Don't get me wrong- with all the respect to hard decisions and work. Just wondering about efficiency of the approach and the logic within, in case I am missibg the point.
3.3% doesn’t include stock appreciation. So much Apple shares are up hundreds of %. It doesn’t include dividend growth (which is about 7%). If I had out my money In bonds or cds I’d have way way less :). So I have enough income to pay all my expenses while also getting stock appreciation and being in a low risk portfolio. So sure I could sell and move onto QYLD and be making way more income then I need - but I’m confident I wouldn’t have the long term returns, and my goal is to not only be retired but also leave a growing portfolio to my future generations.
Re-watched your video once again- so piece of mind and reliability/consistency. Valid points- it pays some bills, which is better anyway. However inflation is still an issue with these returns.
@@andreystepovoy no, dividend growth and average stock returns have beaten inflation for decades :). Don’t focus on an edge case of inflation and assume that has happened for 30 years.
Thanks for the recap hope you feel! Welcome to the SCHD gang. I hold 15% SCHD and 15% JEPI, rest are individual stocks and options trading.
Thanks and so far so good :)
Have a great weekend everyone!
You too!
Great content! I love the humble, common-sense approach. Keep it up!!
Thank you, Michael, Happy Saturday :)
You said you wouldn’t be so heavy in sin stocks if you were young? Why is that?
Because I don’t think the total returns will be as much for sin stocks (like they have been historically).
GenEx, I have two questions for you: would you have sold your TSLA, GOOG, AMZN, etc. if the situation had not come up, and what is your favorite video game at the moment?
Definitely not. Fav game -- I'm having fun playing Baldur's Gate 3 Beta (and Solasta).
I hate double commenting but I think this needs to be said to anyone watching this video and reading this.
You should never feel bad seeing another persons investment portfolio and how much they are generating. See it as a goal, the same way when you go to the gym and you see all these people benching 300 lbs or ripped with massive muscles, it is not something to be overwhelmed by or depressed about your circumstance because everyone starts off the same.
For both situations investing and working out, it comes down to 3 things:
1) Putting in the work
2) Consistency
3Patience
And that is just the way life is, never expect things to change right away because they wont. Slow and steady is a better, use people who have already made it to make you see your own successes. Imagine yourself with that goal by seeing others.
That's definitely true... I think envy sometimes unfortunately gets the better of some folks.
Great video as always. That's funny. I recently sold Reality Income and bought Store Capital. I would be interested in your comparison of O with STORE.
Hehe, thanks.. I've never thought of it as a movie :) Maybe I'll do a video on my thoughts on Stor, or maybe I'll do it as part of a questions & answers video some day...
Why you bought stor ?is going to go out not being public
@@user-ep7el6vt7o Yes. I bought it 3 weeks before the announcement. Already sold.
@@user-ep7el6vt7o He asked the question a few days before it became public knowledge that Stor was going private.
@@firstGaijin you supposed to wait to get the dividends and then sell
“Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money.”
Ray Dalio
Indeed!
Another great video. Your portfolio has grown so much. Such an inspiration.
Thanks Steven.. fast up fast down haha
Other than not putting all of your eggs in one basket, what are the disadvantages of putting more/all into MO? It seems you would be paid more.
Mostly it has to do with the risks of putting all your eggs in one basket (a basket that has a good amount of risk associated with it). My goal isn't to have the most yield -- as if I wanted to do that I could go with something like a 10% jepi and be making way more cash flow :) I want a balance of conservative yield along with a mix of companies that I believe can grow a lot (like Apple and Microsoft). I'm fortunate that my portfolio is large enough that even with a relatively low current yield I can cover my living expenses -- so I don't need to sacrifice yield for diversity + stock appreciation potential.
@@GenExDividendInvestor Thanks! Love the content! I've been trying to maximize my dividends while also diversifying. I have a higher percentage in MO and SCHD than anything else.
Lost more than peoples portfolios in a day.
Sometimes :)
How old are you? If you don’t mind answering
You can figure that out pretty closely if you do the math.. I've been investing for almost 30 years.. I retired in my 40s 2 years ago (like the video I just did shared). The rest is up to you!
A News Video from GenEx? I luvvit🤓
Haha, long one :) .... That's what she said!
Your portfolio dollar value is incredible....but I have some monthly dividend paying stocks in my personal portfolio (AGNC, PCF, ACP, EFC and DX). With just 1.1 mil you could have those same stocks that generate $11,300 monthly= at least 130K annually excluding your other 1.5 mil invested into other quarterly/monthly dividend paying stocks. If you were to add other stocks you could easily generate an average of 20K per month.
Thanks -- I've crafted a portfolio that meets my income needs and my desire for stock appreciation. Like I'm up hundreds of % in apple, but it also yields less than 1% :) Since I already have more income than I need I have the luxury of keeping my low yield/higher appreciating investments -- rather than sacrifice growth for yield. I also have a very low risk portfolio, which I prefer. So yes, I could put everything in JEPI or QYLD and get a lot more income than I need, but I'd be taking on risks and sacrificing appreciation, so I prefer my strategy :)
Am I missing something here? Your $2.7m portfolio is returning 90k per year? A return of approximately 3.4% ?
Surely just investing in a tracker fund would return similar results without the hours of research and diligence required for the method.
I get the feeling that something is missing here. I can't quite square the circle on this. It feels like the dividend % isn't adequate enough for the growth\size of the fund in regards to the alluded to timescale.
Yes you are confusing current yield versus total returns :). Like I’ve invested $70k in Apple, but it is worth about $300k in my portfolio now. But it only yields less than 1% for dividends.
@@GenExDividendInvestor I've deleted that stupud question for breaching crimes against stupidity.
My problem is that as a newbie to investing in the UK, I'm getting cofused by wether to invest through an accumulation fund(s) via an ISA (tax free saving vehicle) which are currently returning 2.5-5% or to pick my stocks carefully for a divendend return but I can't currently afford to do both.
Initially I'm think of using the ISA to build funds while I get to grips with the intricacies of investing
@@HDB1974 Invest in what you think will give you the best total return (assuming you don't need money/income now). Join my free dividend discord and PM me and I'll add you to the UK channel so you could ask stuff from other investors from the UK :)
Do you think it is "safe" to rely on MO for 15.5% of your dividend income? That is a large percentage of your dividend income in a single stock.
Although MO produces a nice dividend, I have refrained from investing in that stock because of a moral issue. My father-in-law suffered and died from lung cancer due to smoking...I saw how he suffered from emphysema for years and finally cancer due to smoking. But that is a personal decision on my part. You also have PM, but that is producing a much smaller part of your total dividend income.
That's a great question -- I'm confident enough that I have it at that level, but I respect you investing in what you believe in. I have a close relative who smokes and has lung cancer, and my dad used to smoke. I personally don't smoke (other than a cigar at a bachelor party or something), but I do support people smoking if they want. I think what the tobacco companies did years ago of hiding the negative impacts of smoking was terrible.
@@GenExDividendInvestor I realize that everyone has their own viewpoints and I respect your viewpoint. People are free to make choices (if they want to smoke or not, or whatever decision) and that is a good thing. Anyway, I don't want to distract from the point of the video about dividend investing. It is a powerful wealth building and income strategy and it is nice that you put out these videos that are informative. Thanks for the video.
@@RS-lw9cd Thanks :)
Thank you for the new Saturday morning video GenEx!!
You're most welcome, Kevin, they are fun to make :)
how would you owe $0 in fed taxes on your Q Dividends? Wouldn't you be taxes at the 22% bracket (married filing jointly) if you're making $90k on divs?
See if this helps th-cam.com/video/AMa8hayzq3o/w-d-xo.html
GenEx, this is great. Very motivating. Thank you for sharing your information and wisdom will all of us noobs. #inspiration
Glad you enjoyed it, Jack :) And thanks!
Love the portfolio break-downs and more evidence that DGI investing just works as long as someone just continues to build positions with value investments
Thanks, glad you enjoyed it Ari :)
I don' t think I've ever paid attention this long.
Haha well congrats then!
Your vids are very motivating for me.
Cool, I’m glad, Josh :)
i haven´t finished the video yet but im telling you this, when you were talking about the time you had to sell all of your non-dividend positions to give the cash to someone you cared you said you were lucky you sold before the s&p and cripto fall. Well, you weren´t lucky, see it happened but life figured how to return something to you, after giving inconditionally.
Btw, excellent video, im 17 and im saving a bit more of $ to start building my dividend porfolio. Thanks for this non-common content, i really appreciate it.
Practice gratitude, it has similar power to compound interest. A hug from Argentina.
Thanks :) Awesome you are learning & investing at such a young age. You should join my Dividend Discord -- I have an Argentina channel (so just PM me if you join and I'll add you to it). discord.gg/kkSr5FY
Thoughts on high dividend BDCs like ARCC?
Doing a BDCs video is on my todo list :)
you seem to have stayed away from MLP like ET, MMP, etc which have higher dividend returns, any reason?
There are lots of great companies & asset classes I don't invest in... But I did recently do a video on MLPs (amongst others), where I share some of my perspective on them. th-cam.com/video/3AUmfunez2A/w-d-xo.html
What is your attraction to dividend stocks when their return is below the average SP500? Taxes are like long term capital gains. So overtime you’re leaving money on the table.
Thoughts?
The average returns of dividend stocks have outperformed returns of non-dividend stocks (on average) overtime. I've shared multiple studies in multiples videos showing that fact. I've also showed why I pay $0 in federal income taxes due to my qualified dividends (I'm retired). In my videos I explain multiple reasons why I invest in them as well as explain common misconceptions about dividends. Watch more of my videos if you want to hear nuanced responses :)
So I’m kind of new to investing… do you just invest in companies that pay a dividend? Are you sacrificing potential income from companies who don’t pay a dividend?
So I like to invest in great companies (i.e. I went with companies that I considered quality, regardless if they paid a dividend). Overtime I came to appreciate conservative blue chip companies the most (which also tend to pay dividends), and my strategy was to be able to retire on conservative blue chip dividend stocks. I still like to invest in companies like Google and Amazon that don't pay a dividend (which I was doing until very recently).
Wondering your thoughts on MSFT and CRM? I am invested in CRM and have high hopes here, in that our old mainframe shop will potentially move to the Salesforce platform.
I am king MSFT and it’s my favorite long term potential stock. I think CRM owns a great niche space.
I'm in GD, doing pretty good over the last year.
Nice, they are a classic one :)
Thanks to TH-cam algorithm for showing me this video and thanks GenEx for a great video.
Thanks, Charlie :)
I dont consider this a dividend portfolio with the low yields. This is dividend growth. A dividend portfolio would bring in 20k a month with that amount
lol
Hey GenEx, how much of the info in your spread sheet are auto pulled? I don’t want to have to do a lot of searching and updating
Most of it is auto pulled though you still should double check some things (and etfs need to be manually checked because their payouts arent the same so they dont work as well automatically). The next version of the spreadsheet (3.0) we are testing right now and hope to release it in a few weeks which will be a big improvement to speed and stability.
Praying good health for you my friend. You are a good man to make sure your family is taken care of and you are a good man for sharing your wisdom with us all these years. I have learned so much from you and I will always be grateful. SCHD is my second largest holding only behind VOO. I have a feeling it will eventually be my largest holding. I like to keep it simple for the same reason as you described. Just to keep it easy for my wife.
Thanks, Bobby :) I'm sure she and all your future relatives will greatly appreciate what you are doing for them (and of course, yourself)