Hi -- don't forget to SUBSCRIBE and LIKE this video as a simple way to thank me. It really helps the channel ! Thanks, I appreciate it! Support me & get Patreon perks ➜ www.patreon.com/genexdividendinvestor Please join my free investing Dividend Discord chat server with over 2500 dividend investors on it: discord.gg/kkSr5FY
Frank Moore I use m1 finance so whenever I deposit money it puts money into whichever stock is underweighted. For example, since apple is doing so well I actually have 3.1% of my portfolio in Apple when it should be 1%. On the other hand my REITs section has been doing awful and is at 27.8% out of the 30% it should be. I’ve been depositing a lot of money recently so m1 has been putting money into REITs and has lifted it from 25/30% to what I mentioned earlier. If you click on my profile and go to the about me section you’ll see all my holdings and what % they should be. Basically, I pick what % I want to own of a stock and m1 puts money into until it reaches that amount and then moves on to the next stock
The absolute hardest part is starting. It can feel like everything is stacked against you, but one you start you begin to build momentum and it gets easier and easier.
Weird, I thought I replied but don't see my comment... Boggle youtube! Yeah, I agree.. starting is hard...Though once you get going it becomes addicting (though big crashes feel like a gut punch)... #Partner36
I'm at around £150 a year haha, only just started recently so looking to really build my portfolio. Hard work and consistency and we can all get there!
I have loved to watching all your videos where you analyze your individual holdings! This was a great way to teach beginners so that they one day reach your level of success!
I wish I saw a video like this when I started haha. A lot of pricey stocks in my opinion at the moment apart from a handful that I like (3M). But if I wanted to start a position all those you mentioned I would put small amounts in to get the dividends rolling atleast and wait for bigger dips to add. Great video #partner32 I think lol
I started in mid April this year. I do a mix of broad based ETF’s and (mostly) blue-chip dividend paying stocks in fields i like / know about. As of today, i have made $250 in dividends. A couple of the stocks were paying dividends, but for the time being suspended due to the pandemic but i bought them because they were at a discount. But in 4.5 months, that’s like getting 7 cents every hour. And i can imagine that when the other companies do resume dividends that this will increase. Personally, i am long: Microsoft, Apple, Disney, AT&T, General Mills, Comcast, Kelloggs, Coca Cola, Cedar Fair, McDonald’s, Union Pacific Railroad.
@@GenExDividendInvestor I have been adding those 2 as well. What is your opinion on the electric car? We might have more than half of the cars on the road be electric within 15-20 years. Can XOM innovate and survive?
Next Financial Chapter I’m long Tesla in my growth portfolio.. but I think the smart management teams will keep evolving into other energy sources.. they want to ensure they prosper to keep making bank :). I think what will happen is smaller oil players will go under, enabling the bigger players to do better (buying them for pennies on the dollar)... #Partner36
Haha, I try to play clips that align to what is being said to keep people visually entertained.. But, I put these onto podcasts for those that just prefer audio :) #Partner36
One of the top investing channels on TH-cam. Always do your own research and make your own choices!!! I’ve been doing some research on 3M, grabbed a couple VOOG index fund shares this week.
Do you think it is better to have only one brokerage account? I have Fidelity, Schwab and TDA, but TDA is through my employer retirement plan and can't move the funds until I retire in the next couple of years. I believe not having all your eggs in one basket, but you can have to many brokerages in my opinion.
I don't think it matters too much if you have a big name brand established brokerage. The larger your portfolio gets, the more perks/attention you get from the brokerage. That's how they can have clients with $100 mil invested in them in 1 account. They give them special insurance, etc. At least, that's what I've been told.... I personally like consolidating for ease of management... #Partner36
Do you think it's better to lump sum investing in the Roth IRA or do the dollar cost avarage in order to max it out ? I have only VTSAX and I dont know which strategy I should follow next year.. thanks!
Thank you for this video! I feel like this correction is a great way to see if your portfolio is favorable to your risk tolerance. #Partner21? #Ithink?
Haha, you are welcome :) I think about where I'll be a decade from now.. What happens in a day or month doesn't affect me mentally anymore.. #Partner36
Why doesn’t the dividend change with the stock price , I thought that it would as it is a percentage. Also what happens if you buy mire at a later date, how does that affect the dividend? Finally, when a company increases their dividend, does that only apply to stocks purchased after the change or would the dividend change from 51 cents (your example) to something higher?
Because the dividend isn’t directly tied to share price (which is another reason I like dividends). If you have 10 shares of a stock and each pays 25 cents a quarter then you get $2.50 per quarter regardless if the stock price goes up or down. The dividend a company pays out only changes if their Board votes to change it. Buying more doesn’t change how much the company pays out per share, it simply means you get more paid to you. So in the above example if you bought 1 more share then the next quarter you would be paid $2.75. Now let’s say the company has their annual meeting where they raise their dividend and they increase it to 27 cents a share per quarter. Well since you now have 11 shares that means you will now get paid $2.97 per quarter from them.
Have you ever looked at USFR? It's basically a T bill etf. I'm parking money there while waiting for stocks to get in my buy range. Pays 5.31% monthly. Weirdest chart I've ever seen.
Nice wish list but in my experience a lot of the low to no charges companies like Trading 212 don’t have someone at the end of the phone to reduce overhead. My funds broker does but I pay higher % for that. Also they don’t do fractional shares. I am thinking of trying one out but that will be next year now to avoid any tax issues. “If I had a job” so I take from that trading is your FT job?
Heyas -- did you mean to post this on my best brokers in 2020 video or on this how to start a dividend portfolio in 2020? Either way, no, I currently work with a startup (tech stuff).
GenExDividendInvestor It might have flicked into the next vid as I posted. I would have to go and check and given how lazy I am unlikely to happen :) . It was the one with a wish list. I am still not sure but with the flu I have currently another month of no travel so I might, I say might as might not happen but swallow the cost and buy some ETF’s to go alongside my fund account rather than wait a year. I need to put more thought into that one but travel is my biggest expense and I have not been doing it for months now. I always like to invest in an ISA, what you call an IRA as I am too lazy for tax returns. I went self employed for part of a year the self assessment form just went on and on and on. I contacted an accountant who quoted 500 notes so thought F that I’ll do it myself because I don’t like wasting money unnecessarily. Hope the startup is going well.
Really good , I have made the mistake of holding a stock for 20 years not wanting to pay the capital gain only to procrastinate selling it and move on to a better stock or fund .( intel) It has made money but would have been much better off with the money in a great dividend Mutual fund . Good information
Thanks! Ya I’ve made some doozy mistakes in my investing life, but better to have tried and made mistakes and learned then not tried at all (usually, haha).
I think its hard to go wrong with VTI or VOO, though these days I'd think VOO might be safer since stronger companies tend to do better in times like this..
Fidelity meets all those criteria which is what I have. I would just get Fidelity and start buying low cost dividend ETFs. There are different dividend stock indexes that they track though. Some go more for yield and some for growth. If you are close to retirement then I’d probably go for more for yield. If you have decades until retirement then I’d probably go for dividend growth.
I have a couple of questions. #1 Can I have more than one Roth IRA? #2 Is M1 friendly for uploading tax info to Turbo tax? Im an idiot with taxes and so uploading tax info and letting them do it is right up my alley.
Generally speaking, yes. There are also some nice growth dividend plays imho, like MSFT and Apple and such. But, I personally tell my kids to also invest in Amazon, Google, etc.
I noticed you said about buying high quality companies no matter what price they may be at if you have decades ahead of you and you’ll be ready when it finally comes down. I agree with this, which is why I bought some PEP this month and will again next month. Great video. And by the way, I’d love to see you hope on Ryan’s livestream as a guest. Don’t think you’ve done that yet.
Happy Sunday, Robert. Yeah, I think that while it is usually a better short-term financial decision to buy things at good prices, it can sometimes be worth it to just start investing if you are buying quality and you are the type of person that has a hard time starting... I was hesitating going on because I won't turn on my camera, but I might go on as a voice ;) #Partner36
are you saying that you try to time the market? also I have never heard or seen that lump sum is a better way to invest. Dollar cost averaging is seen as by far the best option. Timing the market MIGHT work out but it would be more luck if anything
There is a difference between buying when a stock is inexpensive based on its intrinsic value, versus timing the market of selling your entire portfolio, trying to find an overall market bottom, then buying back in. There are tons of studies showing that lump sum investing beats dollar cost averaging, on average (obviously not every situation). There is a reason Buffett says to buy when something is on sale. That all being said, dollar cost averaging can be a good long term strategy as well.
What are your thoughts on KO over PEP? As a beginner or someone who doesn't have an initial large sum to invest, the higher price stocks seem a little overvalued or intimidating. KO would possibly offer similar outlook with a better initial valuation. Appreciate the content! KEEP STACKING!
Capt Kirk I love the taste of Diet Coke, and own some Coke stock, but I feel like Pepsi is a stronger company. I’d research them and go with what you think is best.. #Partner36
I like how u break things down Especially for beginners & how u speak &explain Investing & the Importance’s of it & the Inspiring lessons and knowledge that u learned over time Personal insight& views good& bad.. 🤕is so helpful &Inspiring!! beyond words my Friend 👍🏾👍🏾👍🏾 keep up the good work
Your videos keep getting better! Here in Australia we are fortunate that, for a lot companies, we get a franking credit with our dividends which is a refund of tax so adds to the income return 👍
@@GenExDividendInvestor some Australian companies pay the tax before giving you the dividends at the corporate rate which is 30% and if that is more than your individual tax rate you get a refund of the difference or if your tax rate his higher you pay whatever the franking doesn’t cover
Please explain in greater detail how stock buy backs help the investor. I’m still not clear on this subject. Can you refer to some of your other videos that dive deeper into this subject. Love your Videos!! I refer them to anyone that is interested in investing, thank you!👍
Thanks :) Its a bit more of an indirect way benefit, unlike dividends which are direct. What tends to happen when a company buys back shares is (at a high level) that there are then less shares available (think of them as taking shares out of circulation), which means each remaining share that is left is worth a bigger part of the company.. So, often what happens is that buybacks helps influence share prices to go up (which also means that can help push up earnings per share, because now there are the same earnings but there are less shares :)).
Hello Genex! I’ve been watching your videos lately and they have been very valuable to me, but I do have 1 question: If I decided to to invest in stocks for my roth and taxable investing account, should both hold the same or different stocks?
Thanks Frazhier, I'll add your question as a potential future questions & answers response (or maybe as a video)... The TLDR is it depends on your goals/needs... Like, I don't hold reits in my taxable account.. It depends on things like if you need cash now or whatever... I generally hold my stocks in both account types -- i.e. historically I'd try to max out my retirement contributions then I'd invest the rest in taxable accounts. Compounding is nice in retirement accounts, whereas taxable is nice for income now (but can be worse for taxes now, depending).
Lol, I swear I replied to you already, but now I don't see it (was on my phone).. I was saying the puzzle is to figure out if I've showed my face in one of my videos ;) #Partner36
@@GenExDividendInvestor I just started last month with a few shares of etfs and can only do a few bucks a week for right now but I have to start somewhere. I'm 35 years old so I have some time
I've not used it personally...I've heard some people like it and I've heard some say they won't use it since it is ultimately a Chinese company, so they are concerned about lack of regulations and such.
GEDI I know I am, and @Herzacate I could use 212 but I’m unfamiliar with it. A good portion of my understanding of DGI comes from Andre Jikh who primarily uses Robinhood, so it’s the platform I’m most familiar with. I’m also more familiar with US-based companies who stocks Robinhood trades in. Obviously there are downsides to doing it that way but I just have a feeling I’ll see the best results waiting for RH
another great video by you...and I was always wondering are you a lot of people running this channel bcs I see comments like partner 28 27 or things like this and I was thinking probably this is not one person behind this channel
Experiment Nation Heh. Partner is something I made up. The number is how many of my videos you have watched from start to end and commented on. It helps me track people so I can add them to my news ticker. #Partner36
@@GenExDividendInvestor wow great method...in fact I have the bell on for all my friends and I watch the videos and it takes some 1 hour daily to comment but always watch full videos with the hope they will do the same
People seem to compare dividend with non dividend investing but they are very different mindsets. If I'm thinking non dividend I want max growth so please don't pay me your money, BUT I also accept I do not see a penny of that money until I cash out. So you can't get any income from that scenario. And no you cant mimic the same returns by selling stock, because now you have fewer tickets when the price moves. Its not just about percentage moves, your stocks are your multiple when it comes to that price action and I don't want to give up any of that multiple. Things get wonky when prices drop or rise drastically so you just cannot rely on dollar amount alone as the market moves. Hence, the dividend approach. I accept that growth may be less than other companies, BUT now I am getting cash in my hand without giving up my multiple. And those stocks do still move, its not like they are dead the way people act about div paying companies. So you really can't compare them you just need one or the other or to treat them differently within your portfolio. I would also like to touch on what many people quote when it comes to dividends. Warren B always saying why pay money if you can invest that better within your own company. However that is HIS mindset, not the market's. Some companies are expected to pay, or its an industry norm or it is meant to attract the types of owners they need or in line with their "return" goals for the stock holders. So you cannot assume they are unable to utilize cash (a bad business) thus pay out dividends.
Some valid points indeed :) BTW, Buffett has said that at some point in the future Berkshire will end up paying dividends th-cam.com/video/CkwxAy8Y3IA/w-d-xo.html (tho it won't be any time soon).
You can both access the same account.. when you signup you need to designate that option.. I'm not sure if all brokerages allow you to do that, but some do. For example, but wife has an IRA and I have access to it on eTrade. I have rights to buy/sell in it, and see it. #Partner36
If I did assessment of my Portfolio and realized I have too many stocks that don’t have dividends ... would it be smart to sell the shares for the risky stocks i invested it or just keep them and try and allocate more shares in dividend yielding stock ?
Dalvin Digital Design I also have a growth portfolio so I don’t limit myself to dividend companies... what ultimately matters is total return (well, lots of things play a factor though). So, hard to answer without knowing a lot more info about you, your goals, your financial realities, risk tolerances, etc.. of course I’m not an adviser :). You could consider joining my discord as we have tons of people you could chat with for varying perspectives :) #Partner43
A 20 minute video, what are you doing with all that free time? lol. 20 minutes, but a ton of things touched on in this video. Funny how you didn't mention Robinhood. lol. I assume you made this prior to the MS E-trade buy out? Hopefully new investors will see this, should be popular search topic.
Hidden Freedom Investing That main startup I work with is taking a bunch of new time as we grow.. gonna be traveling some for it shortly so not sure I’ll be able to make vids during that time... #Partner36
@@GenExDividendInvestor yeah I saw Stacy got access. I'm still waiting on the cash management account. I feel like i have sometime till the fractional/drip but looking forward to getting that access.
Nick Oloteo - Investing hey nick okay yeah that’s what I initially thought. They only did fractional shares and drip was later. Thanks man. Nice man we’re getting there in at 170K.
Hi! loved the video by the way! So I just started researching investing. I was recommended to you for start. So my plan is the try to save a good amount of money (around 5-6k) in 2023 and start my investing in 2024.letting it sit for years annd let it grow. Is that a good starting approach? Or do you think putting bits and pieces would be easier over time so get started sooner? Thanks ahead for any advice you may give!
Howdy, and thanks :) Congrats on starting to invest -- you should treat that like any other life long good thing to do (like eating right, working out, putting energy into your relationships, etc). So in terms of how to start -- statistically speaking, time in the market tends to beat timing the market -- thus if a relative asked me I'd say first pay off any high interest debt... then create an emergency fund... and then start investing (rather than store up a lot of cash to invest). i.e. I think bits and pieces sooner tends to win out (however, each situation is different, so no guarantees on that).
Generally, the best way to invest is put all your cash in the market as soon as it's in your hand. If you get the cash when you get your paycheck, you buy after every paycheck. If you receive an inheritance or windfall, you put it all in the market immediately. Cash is trash :)
This has really helped me understand why people are investing in companies with a 'low' yield compared to companies or index funds with a 'high' yield. I think you have helped me get through my investment paralyses. Thank you.
@GenExDividendInvestor I'm wondering if etf's or index funds are all what they are cracked up to be. I can't find any etfs or funds that have an CAGR, but lots of shares do. This bit is confusing. Unsure whether to sell my funds £30k and invest in individual stocks? Or just keep them. Everything is on DRIP at the mo. Sorry to keep texting, I know your busy. Take care
Generally single stocks are more risk with potential for more reward (and more loss). I wouldn't invest in single stocks until I felt more confident in what I was doing. Keep researching and you'll get to a point where you feel more confident.@@DrBretPalmer
@GenExDividendInvestor I used to do stocks as was more comfortable. Etfs and funds are new. If I invested in dividend stocks, I'd hopefully get the increase in income. No etfs or funds give that yearly increase, always up and down. I'm sure will improve. Thank you for listening and keep up the great videos. 👍
@@DrBretPalmer That’s part of the trade off. Nothing is guaranteed to always go up, even tho some dividend aristocrats & kings have. Since ETFs are just groupings of stocks, they fluctuate more (but probably will trend up).
How do you weigh your dividend portfolio and re-balance it over the long-term? Do you just dollar-cost average and let it rid over the long term or do you trim certain stocks, allocate heavier into some, ect?
I roughly allocated the stock weighting in my portfolio to the overall market weighting. Then there are certain stocks I like more that I went heavier in. When I had lump sums I'd invest them, when I didn't I'd DCA (ideally into inexpensive stocks).
Hi -- don't forget to SUBSCRIBE and LIKE this video as a simple way to thank me. It really helps the channel ! Thanks, I appreciate it!
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I’ve made $18.65 in dividends so far this month. Can’t wait until I get to $100 avg/mo
That's awesome! I've found it fun watching the snowball slowly grow :) #Partner36
That's awesome man! I just crossed the $100 a month average last month, you will get there very soon!
@Jay O. Currently around 33k, I put it in the thumbnails of my videos when I do an update!
Frank Moore I just hit over $30 for the first time in September. You’ll get there if you keep investing consistently
Frank Moore I use m1 finance so whenever I deposit money it puts money into whichever stock is underweighted. For example, since apple is doing so well I actually have 3.1% of my portfolio in Apple when it should be 1%. On the other hand my REITs section has been doing awful and is at 27.8% out of the 30% it should be.
I’ve been depositing a lot of money recently so m1 has been putting money into REITs and has lifted it from 25/30% to what I mentioned earlier. If you click on my profile and go to the about me section you’ll see all my holdings and what % they should be. Basically, I pick what % I want to own of a stock and m1 puts money into until it reaches that amount and then moves on to the next stock
Step 1. Set up brokerage account
Step 2. Invest in Dividend Stocks
Step 3. Retire
CitizenOfTheYear step 2.5 patience 😁
Who in here likes dividends?
Lol
CitizenOfTheYear That’s what my next video is about :) #Partner36
Dividend investing can be slow in the beginning but once you stick to the plan and keep going, your future self will thank you later :)
Yeah.. I think all good things in life take time to develop... #Partner36
@@GenExDividendInvestor that's me now. So difficult to stick with it.
@@friedcash9815 Like most things in life... whether that’s working out or whatever.. you can do it if you want it enough :)
The absolute hardest part is starting. It can feel like everything is stacked against you, but one you start you begin to build momentum and it gets easier and easier.
Weird, I thought I replied but don't see my comment... Boggle youtube! Yeah, I agree.. starting is hard...Though once you get going it becomes addicting (though big crashes feel like a gut punch)... #Partner36
I wish I started earlier :(
Im only about $500 a year in dividends but getting there eventually. Have most of my start positions now so just taking time at this point.
That's a great amount, way more than most :) #Partner36
I'm at around £150 a year haha, only just started recently so looking to really build my portfolio. Hard work and consistency and we can all get there!
very informative video.. i love all your stock picks, I'm currently holding most of them.
Thanks! #Partner36
Solid content as usual Genex. For beginners it is good but for experienced a reminder on some aspects we tend to forget. Thank you. 👍❤️
Thanks, All Good! You are the best! Keep us centered :) #Partner36
I'll assume you made this video for me personally :-)
M&Ms Haha :) #Partner36
Great video brother!
Thanks, JJ, I appreciate it :) #Partner36
I have loved to watching all your videos where you analyze your individual holdings! This was a great way to teach beginners so that they one day reach your level of success!
Thanks! #Partner36
I wish I saw a video like this when I started haha. A lot of pricey stocks in my opinion at the moment apart from a handful that I like (3M). But if I wanted to start a position all those you mentioned I would put small amounts in to get the dividends rolling atleast and wait for bigger dips to add. Great video #partner32 I think lol
Haha, thanks :) If I had seen something like this when I was younger I think I would have ignored it.. lol #Partner36
I’d be interested in a stock buy back video!
That would be a good topic
Ryan Hubbard Cool, I’ll add it to the queue :) #Partner36
Ryan Hubbard sane here
Yes So would I
Excellent video! This needs to be shown to every HS/College student!
Thanks, I appreciate the kind words. I wish more financial literacy was taught in schools... #Partner36
I started in mid April this year. I do a mix of broad based ETF’s and (mostly) blue-chip dividend paying stocks in fields i like / know about. As of today, i have made $250 in dividends. A couple of the stocks were paying dividends, but for the time being suspended due to the pandemic but i bought them because they were at a discount. But in 4.5 months, that’s like getting 7 cents every hour. And i can imagine that when the other companies do resume dividends that this will increase.
Personally, i am long: Microsoft, Apple, Disney, AT&T, General Mills, Comcast, Kelloggs, Coca Cola, Cedar Fair, McDonald’s, Union Pacific Railroad.
Wow, awesome you are progressing so fast :) It becomes more and more compelling as you drive to increase your assets :)
That's a solid portfolio
So hard to find attractive valuations now.. I bought KO about 5 or 6 months ago and it is up already 12%
Yeah, I agree. I personally like MMM and XOM at these prices.... But, each has its own risks.... #Partner36
@@GenExDividendInvestor I have been adding those 2 as well. What is your opinion on the electric car? We might have more than half of the cars on the road be electric within 15-20 years. Can XOM innovate and survive?
MMM!
Next Financial Chapter I’m long Tesla in my growth portfolio.. but I think the smart management teams will keep evolving into other energy sources.. they want to ensure they prosper to keep making bank :). I think what will happen is smaller oil players will go under, enabling the bigger players to do better (buying them for pennies on the dollar)... #Partner36
I started this year and I'm sharing my journey! I agree with the stocks you chose, I got them in my portfolio too. Subbed :)
Fun time to start.. just keep at it :) #Partner39
How is your portfolio doing?
Dividend growth investing is what I aim for😀
Great video
Thanks, enjoy the weekend :) #Partner36
6:45 Things I look for in a brokerage is why I just started using my fidelity acct. #Partner30
Yeah, Fidelity is one of my favs... #Partner36
Currently at $1,224 year in dividends after 1 year of investing.
That’s great :)
The material in this video is great, but man these clips are fucking weird.
Haha, I try to play clips that align to what is being said to keep people visually entertained.. But, I put these onto podcasts for those that just prefer audio :) #Partner36
I used to contribute to my roth, but I want to retire early some day so I changed my investing to a normal brokerage account.
I think that's great that you are doing what you feel best aligns with your goals :) #Partner36
One of the top investing channels on TH-cam. Always do your own research and make your own choices!!! I’ve been doing some research on 3M, grabbed a couple VOOG index fund shares this week.
Thanks for the kind workds, LoganLaj. Happy Sunday :) #Partner36
GenExDividendInvestor happy Sunday man!!
Do you think it is better to have only one brokerage account? I have Fidelity, Schwab and TDA, but TDA is through my employer retirement plan and can't move the funds until I retire in the next couple of years. I believe not having all your eggs in one basket, but you can have to many brokerages in my opinion.
I don't think it matters too much if you have a big name brand established brokerage. The larger your portfolio gets, the more perks/attention you get from the brokerage. That's how they can have clients with $100 mil invested in them in 1 account. They give them special insurance, etc. At least, that's what I've been told.... I personally like consolidating for ease of management... #Partner36
@@GenExDividendInvestor The ease of management is one of the main things for me as I get closer to retirement.
Great video. We agree that dividend investing is one of the best strategies for the long-haul.
True!
USWMO IKR? :) #Partner36
*I was wondering how you would start this after revealing your portfolio.* 👍
Hehe, just some random stuff :) #Partner36
Solid advice, GenEx! I wish I were starting all over again!
Me too, as long as I can know what I know now, lol #Partner36
@@GenExDividendInvestor Exactly!
This is gonna be good. I never knew you were into dividend investing...cool
This was a joke :)
lol... I assumed COTY had made this comment ;) #Partner36
Great content as always ! dividends ftw :)
Haha, thanks man :) #Partner36
Catching up on vids. Excellent foundational information for an investor just starting to dip their feet into the market. Keep them coming! #Partner36
Cool, thanks.. its been fun going into different types of videos :) Especially short ones, lol. #Partner44
Great beginner video.
Thanks, Christina :) Happy Saturday #Partner36
#Partner22 great video, I really didn’t know about the qualified vs non qualified..... need to catch up soon !
IKR? You been working too hard, brother! #Partner36
Man this is almost the same strategy that I'm trying to develop. Hopefully it'll pay off by the time that I'm 60.
Awesome.. I bet it will :)
I enjoyed this video to the max. I’ll be sharing this in my FB group. This video aims to help a number of people start investing. Great, great video!
Ahh great to hear :) Thanks, brother! #Partner36
I shared this video to my learn to invest playlist #partner30
Cool, thanks MiM :) #Partner36
Great video as always man! Can see you have a lot of dividend investing experience 😁💪🏻
Thanks man! Enjoy the weekend... #Partner36
Great advice ! ( entertainment )
Thanks, K 2 :) #Partner36
Hiiii
Haha, heyas #Partner36
Do you think it's better to lump sum investing in the Roth IRA or do the dollar cost avarage in order to max it out ? I have only VTSAX and I dont know which strategy I should follow next year.. thanks!
Lump sum statistically does better (but not always), but DCA is a great strategy, too.
Thank you for this video! I feel like this correction is a great way to see if your portfolio is favorable to your risk tolerance. #Partner21? #Ithink?
Haha, you are welcome :) I think about where I'll be a decade from now.. What happens in a day or month doesn't affect me mentally anymore.. #Partner36
@@GenExDividendInvestor Same. I see this as an opportunity to buy in to previously overpriced holdings.
Why doesn’t the dividend change with the stock price , I thought that it would as it is a percentage. Also what happens if you buy mire at a later date, how does that affect the dividend? Finally, when a company increases their dividend, does that only apply to stocks purchased after the change or would the dividend change from 51 cents (your example) to something higher?
Because the dividend isn’t directly tied to share price (which is another reason I like dividends). If you have 10 shares of a stock and each pays 25 cents a quarter then you get $2.50 per quarter regardless if the stock price goes up or down. The dividend a company pays out only changes if their Board votes to change it. Buying more doesn’t change how much the company pays out per share, it simply means you get more paid to you. So in the above example if you bought 1 more share then the next quarter you would be paid $2.75. Now let’s say the company has their annual meeting where they raise their dividend and they increase it to 27 cents a share per quarter. Well since you now have 11 shares that means you will now get paid $2.97 per quarter from them.
Have you ever looked at USFR? It's basically a T bill etf. I'm parking money there while waiting for stocks to get in my buy range. Pays 5.31% monthly. Weirdest chart I've ever seen.
Nope, never heard of it...
We need a disclaimer if that is not your actual dad haha. OOh im on the ticker at the bottom 😁
Lol, the next puzzle will be.. guess which shot actually included me in one of my videos ;) #Partner36
Great video for beginner Genex :)
Thx D :) #Partner36
Nice wish list but in my experience a lot of the low to no charges companies like Trading 212 don’t have someone at the end of the phone to reduce overhead. My funds broker does but I pay higher % for that. Also they don’t do fractional shares. I am thinking of trying one out but that will be next year now to avoid any tax issues. “If I had a job” so I take from that trading is your FT job?
Heyas -- did you mean to post this on my best brokers in 2020 video or on this how to start a dividend portfolio in 2020? Either way, no, I currently work with a startup (tech stuff).
GenExDividendInvestor It might have flicked into the next vid as I posted. I would have to go and check and given how lazy I am unlikely to happen :) . It was the one with a wish list. I am still not sure but with the flu I have currently another month of no travel so I might, I say might as might not happen but swallow the cost and buy some ETF’s to go alongside my fund account rather than wait a year. I need to put more thought into that one but travel is my biggest expense and I have not been doing it for months now. I always like to invest in an ISA, what you call an IRA as I am too lazy for tax returns. I went self employed for part of a year the self assessment form just went on and on and on. I contacted an accountant who quoted 500 notes so thought F that I’ll do it myself because I don’t like wasting money unnecessarily. Hope the startup is going well.
Great video man! Dividend investing is so important for financial freedom! 🇺🇸
Thanks, Pierce :) #Partner36
Really good , I have made the mistake of holding a stock for 20 years not wanting to pay the capital gain only to procrastinate selling it and move on to a better stock or fund .( intel)
It has made money but would have been much better off with the money in a great dividend
Mutual fund . Good information
Thanks! Ya I’ve made some doozy mistakes in my investing life, but better to have tried and made mistakes and learned then not tried at all (usually, haha).
11:50 pm and watching one of your older videos again. Stonks are kinda obsessive.
Haha nice! Thanks for doing that :)
VTI is my fav! 280 shares, love it!
I think its hard to go wrong with VTI or VOO, though these days I'd think VOO might be safer since stronger companies tend to do better in times like this..
Fidelity meets all those criteria which is what I have. I would just get Fidelity and start buying low cost dividend ETFs. There are different dividend stock indexes that they track though. Some go more for yield and some for growth. If you are close to retirement then I’d probably go for more for yield. If you have decades until retirement then I’d probably go for dividend growth.
I am long Fidelity, too :)
I have a couple of questions. #1 Can I have more than one Roth IRA? #2 Is M1 friendly for uploading tax info to Turbo tax? Im an idiot with taxes and so uploading tax info and letting them do it is right up my alley.
www.investopedia.com/ask/answers/160.asp In terms of taxes, I'd say I liked the documents I got from eTrade and Fidelity the most.
I didn’t know E*Trade had a dedicated savings account.
Yeah, its really handy if you are trading :) #Partner36
Awesome videos on this TH-cam channel 💥 UK 🇬🇧 subscriber.
Thanks, I appreciate it. There are a bunch from the UK (and other places around the world) in the Discord chat, too :) #Partner37
Timely video with the recent pullback! Enjoying binge-watching your vids as a much needed distraction! Thank you! #washyourhands #wearamask #staysafe
Ahh cool, I'm glad you have some distractions... You gotta deal with some heavy stuff.. Love all your safety hashtags :) #Partner44
Great video! Excited to be a future Morgan Stanley client?
Paul Rizzo Haha, it will be interesting to see if we plebs notice anything materially different.. #Partner36
@@GenExDividendInvestor I was thinking about swapping until I saw the snooty people pissed on Twitter and changed my mind.
@@PaulRizzo504 Haha, its fun being contrarian :) #Partner36
@MEN8v Haha, now that would suck if we start getting recurring onsolicited crap. I will just tell them to take me off their dl.. #Partner36
Don’t you think it’s better to start off with growth stocks and then transition to dividends? As someone young
Generally speaking, yes. There are also some nice growth dividend plays imho, like MSFT and Apple and such. But, I personally tell my kids to also invest in Amazon, Google, etc.
This is a really awesome video, love the brokerage breakdown!
Thanks, Market Scraper :) #Partner36
I noticed you said about buying high quality companies no matter what price they may be at if you have decades ahead of you and you’ll be ready when it finally comes down. I agree with this, which is why I bought some PEP this month and will again next month. Great video. And by the way, I’d love to see you hope on Ryan’s livestream as a guest. Don’t think you’ve done that yet.
Happy Sunday, Robert. Yeah, I think that while it is usually a better short-term financial decision to buy things at good prices, it can sometimes be worth it to just start investing if you are buying quality and you are the type of person that has a hard time starting... I was hesitating going on because I won't turn on my camera, but I might go on as a voice ;) #Partner36
Absolutely would like a video on stock buy backs!
K, I'll add that to the q :) #Partner36
are you saying that you try to time the market? also I have never heard or seen that lump sum is a better way to invest. Dollar cost averaging is seen as by far the best option. Timing the market MIGHT work out but it would be more luck if anything
There is a difference between buying when a stock is inexpensive based on its intrinsic value, versus timing the market of selling your entire portfolio, trying to find an overall market bottom, then buying back in. There are tons of studies showing that lump sum investing beats dollar cost averaging, on average (obviously not every situation). There is a reason Buffett says to buy when something is on sale. That all being said, dollar cost averaging can be a good long term strategy as well.
Newbie to dividends but i just reached 5$ a month after a lazy 3 months
Congrats :)
👍 I like how u talked about custodial accounts, I got for my kids and I think it’s important to start investing early. Awesome video
Thanks, hopefully it will positively influence some folks :) #Partner36
What are your thoughts on KO over PEP? As a beginner or someone who doesn't have an initial large sum to invest, the higher price stocks seem a little overvalued or intimidating. KO would possibly offer similar outlook with a better initial valuation. Appreciate the content! KEEP STACKING!
Capt Kirk I love the taste of Diet Coke, and own some Coke stock, but I feel like Pepsi is a stronger company. I’d research them and go with what you think is best.. #Partner36
@@GenExDividendInvestor Thanks brotha! Ideally I will have both in my portfolio, crazy times with these dips. Sale signs everywhere $)
Capt Kirk Ya, the question is where will things be 10 or 20 years from now... #Partner36
This is a 3 year old video. Is there any information you would change now vs. when this video was posted?
Dunno, good question tho.. maybe I’ll update.
What is the point to have share if the companys doesn't paying the dividend?
Because they go up in value and you can sell them for a profit :) Like, you buy Amazon at $1000/share and then 2 years later it is $1800.
I like how u break things down Especially for beginners & how u speak &explain Investing & the Importance’s of it & the Inspiring lessons and knowledge that u learned over time Personal insight& views good& bad.. 🤕is so helpful &Inspiring!! beyond words my Friend 👍🏾👍🏾👍🏾 keep up the good work
Thanks, I appreciate it :)
No not yet but soon
Your videos keep getting better! Here in Australia we are fortunate that, for a lot companies, we get a franking credit with our dividends which is a refund of tax so adds to the income return 👍
Franking credit? Do you mean you don't pay taxes on dividends and they give you $ to own them?? #Partner36
@@GenExDividendInvestor some Australian companies pay the tax before giving you the dividends at the corporate rate which is 30% and if that is more than your individual tax rate you get a refund of the difference or if your tax rate his higher you pay whatever the franking doesn’t cover
So if you were a low income earner and your income tax was lower than 30% you technically would be paid to take dividends
Please explain in greater detail how stock buy backs help the investor. I’m still not clear on this subject. Can you refer to some of your other videos that dive deeper into this subject.
Love your Videos!! I refer them to anyone that is interested in investing, thank you!👍
Thanks :) Its a bit more of an indirect way benefit, unlike dividends which are direct. What tends to happen when a company buys back shares is (at a high level) that there are then less shares available (think of them as taking shares out of circulation), which means each remaining share that is left is worth a bigger part of the company.. So, often what happens is that buybacks helps influence share prices to go up (which also means that can help push up earnings per share, because now there are the same earnings but there are less shares :)).
@@GenExDividendInvestor thanks, this helps
Seen any good buys with the recent down turn? DIS $118
My drip is buying all the time :). Drop by the discord abs you can see what everyone is buying... #Partner36
As good as it gets
Thanks, Steve :) #Partner36
I'm looking foward to starting my dividend portfolio soon to acheive FIRE. This is great info!
Thanks -- I think you have already, haven't you?.. some of your positions have dividends, so you have started ;) #Partner36
Hello Genex! I’ve been watching your videos lately and they have been very valuable to me, but I do have 1 question: If I decided to to invest in stocks for my roth and taxable investing account, should both hold the same or different stocks?
Thanks Frazhier, I'll add your question as a potential future questions & answers response (or maybe as a video)... The TLDR is it depends on your goals/needs... Like, I don't hold reits in my taxable account.. It depends on things like if you need cash now or whatever... I generally hold my stocks in both account types -- i.e. historically I'd try to max out my retirement contributions then I'd invest the rest in taxable accounts. Compounding is nice in retirement accounts, whereas taxable is nice for income now (but can be worse for taxes now, depending).
@@GenExDividendInvestor thank you sir!
Idd even if the stock price drop you will get the same amount dividends every time, its beautiful.
Yeah, really amazing! #Partner36
Awesome video! Now the big question is....Is there a puzzle in this video!? lol #partnerIDK
Lol, I swear I replied to you already, but now I don't see it (was on my phone).. I was saying the puzzle is to figure out if I've showed my face in one of my videos ;) #Partner36
@@GenExDividendInvestor Lol I am sure you have. And I think your name is GenE...So hi Gene!
@@RetireWithLess Shh, don't tell anyone! :) #Partner36
You are savvy and confident enough to take the early withdrawal hits on your 401k and still make great money with dividends..I'm jealy
Haha, are you heading down the dividend path too?
@@GenExDividendInvestor I just started last month with a few shares of etfs and can only do a few bucks a week for right now but I have to start somewhere. I'm 35 years old so I have some time
@@grungeu3086 Ahh, awesome you are starting :) Most people never start...
What do you think about webull brokage account?
I've not used it personally...I've heard some people like it and I've heard some say they won't use it since it is ultimately a Chinese company, so they are concerned about lack of regulations and such.
New subscriber. Can u also do some real estate videos.
Heyas... I did a long one on REITs (Realty Income), or do you mean physical real estate investing?
I wish Robinhood UK would hurry up and launch, I can’t wait to get started. Been saving and depreciating under inflation for years
Yeah, I think a lot of people are excited to see RH in the UK... #Partner36
Why not use trading212?
GEDI I know I am, and @Herzacate I could use 212 but I’m unfamiliar with it. A good portion of my understanding of DGI comes from Andre Jikh who primarily uses Robinhood, so it’s the platform I’m most familiar with. I’m also more familiar with US-based companies who stocks Robinhood trades in. Obviously there are downsides to doing it that way but I just have a feeling I’ll see the best results waiting for RH
Great tips 👍
Thanks, Honzilla :) #Partner36
So who was the voice actor you paid for AT&T and ExxonMobil?? ;)
Lol, it’s me.. mic was in a different location and getting over a cold :) #Partner36
@@GenExDividendInvestor Hahah, yeah I know :D
Hope you're feeling better!
another great video by you...and I was always wondering are you a lot of people running this channel bcs I see comments like partner 28 27 or things like this and I was thinking probably this is not one person behind this channel
Experiment Nation Heh. Partner is something I made up. The number is how many of my videos you have watched from start to end and commented on. It helps me track people so I can add them to my news ticker. #Partner36
@@GenExDividendInvestor wow great method...in fact I have the bell on for all my friends and I watch the videos and it takes some 1 hour daily to comment but always watch full videos with the hope they will do the same
@@Experiment_Nation Yeah, I tend to do that too, but sometimes I use faster speed.. #Partrner36
People seem to compare dividend with non dividend investing but they are very different mindsets.
If I'm thinking non dividend I want max growth so please don't pay me your money, BUT I also accept I do not see a penny of that money until I cash out. So you can't get any income from that scenario. And no you cant mimic the same returns by selling stock, because now you have fewer tickets when the price moves. Its not just about percentage moves, your stocks are your multiple when it comes to that price action and I don't want to give up any of that multiple. Things get wonky when prices drop or rise drastically so you just cannot rely on dollar amount alone as the market moves.
Hence, the dividend approach. I accept that growth may be less than other companies, BUT now I am getting cash in my hand without giving up my multiple. And those stocks do still move, its not like they are dead the way people act about div paying companies. So you really can't compare them you just need one or the other or to treat them differently within your portfolio.
I would also like to touch on what many people quote when it comes to dividends. Warren B always saying why pay money if you can invest that better within your own company. However that is HIS mindset, not the market's. Some companies are expected to pay, or its an industry norm or it is meant to attract the types of owners they need or in line with their "return" goals for the stock holders. So you cannot assume they are unable to utilize cash (a bad business) thus pay out dividends.
Some valid points indeed :) BTW, Buffett has said that at some point in the future Berkshire will end up paying dividends th-cam.com/video/CkwxAy8Y3IA/w-d-xo.html (tho it won't be any time soon).
@@GenExDividendInvestor Very interesting! I have not heard that yet, maybe hes planning for those who come after him not living up to his standards 😂
Take a look at the clips I shared, it'll show what I mean (worth watching for the nuance).@@TrailBlazer5280
everyone is up this week....video liked to 182.
Thanks, happy Sunday! #Partner36
I’m currently at $248 average monthly dividend income!
Nice, keep investing intelligently!
@@GenExDividendInvestor yes sir!
If myself and wife wanted to share a stock purchasing account to build a portfolio together can we do that ..?
Or do they have to be separate
You can both access the same account.. when you signup you need to designate that option.. I'm not sure if all brokerages allow you to do that, but some do. For example, but wife has an IRA and I have access to it on eTrade. I have rights to buy/sell in it, and see it. #Partner36
@@GenExDividendInvestor thanks for the info
@@FishingWithBIGD No prob! :) #Partner36
good points, Thank you for your insight.
You’re welcome :) #Partner36
If I did assessment of my
Portfolio and realized I have too many stocks that don’t have dividends ... would it be smart to sell the shares for the risky stocks i invested it or just keep them and try and allocate more shares in dividend yielding stock ?
Dalvin Digital Design I also have a growth portfolio so I don’t limit myself to dividend companies... what ultimately matters is total return (well, lots of things play a factor though). So, hard to answer without knowing a lot more info about you, your goals, your financial realities, risk tolerances, etc.. of course I’m not an adviser :). You could consider joining my discord as we have tons of people you could chat with for varying perspectives :) #Partner43
I’m going to take you up on that let me grab the link
@@dalvindigitaldesign discord.gg/kkSr5FY #Partner43
A 20 minute video, what are you doing with all that free time? lol. 20 minutes, but a ton of things touched on in this video. Funny how you didn't mention Robinhood. lol. I assume you made this prior to the MS E-trade buy out? Hopefully new investors will see this, should be popular search topic.
Hidden Freedom Investing That main startup I work with is taking a bunch of new time as we grow.. gonna be traveling some for it shortly so not sure I’ll be able to make vids during that time... #Partner36
Great fractional shares are great. I really hope robinhood has drip soon. I want to start beefing up on my REITs and let them compound.
I think some people are getting access to drip in Robinhood, aren't they? #Partner36
@@GenExDividendInvestor yeah I saw Stacy got access. I'm still waiting on the cash management account. I feel like i have sometime till the fractional/drip but looking forward to getting that access.
Milone Money Mindset I’m at 212k from 459k on the cash management account. It’ll probably be 2021 before they release drip
Nick Oloteo - Investing hey nick okay yeah that’s what I initially thought. They only did fractional shares and drip was later. Thanks man. Nice man we’re getting there in at 170K.
Nice video, #partnerIforgotthenumber :)
Haha, thanks! #Partner36
Hi! loved the video by the way! So I just started researching investing. I was recommended to you for start. So my plan is the try to save a good amount of money (around 5-6k) in 2023 and start my investing in 2024.letting it sit for years annd let it grow. Is that a good starting approach? Or do you think putting bits and pieces would be easier over time so get started sooner? Thanks ahead for any advice you may give!
Howdy, and thanks :) Congrats on starting to invest -- you should treat that like any other life long good thing to do (like eating right, working out, putting energy into your relationships, etc). So in terms of how to start -- statistically speaking, time in the market tends to beat timing the market -- thus if a relative asked me I'd say first pay off any high interest debt... then create an emergency fund... and then start investing (rather than store up a lot of cash to invest). i.e. I think bits and pieces sooner tends to win out (however, each situation is different, so no guarantees on that).
Nice video!👍 I wish you made the video before I started investing, would gave been an easier road for me 😀
Haha, I don't think I would have been interested in watching videos when I started... #Partner36
Very nice....partner#25
Thanks, Frazzled :) #Partner36
Generally, the best way to invest is put all your cash in the market as soon as it's in your hand. If you get the cash when you get your paycheck, you buy after every paycheck. If you receive an inheritance or windfall, you put it all in the market immediately. Cash is trash :)
Yeah that's definitely been the statistically most correct answer...
I like the explanation of the Drip and how a small amount gets split out.
Investing & The FIRE Movement - Adventures and Us lol where you been lately? Rl stuff? #Partner36
@@GenExDividendInvestor yeah, almost taken care of I think...sorry I have been MIA
Investing & The FIRE Movement - Adventures and Us Lol it’s probably healthy to get away :) #Partner36
This has really helped me understand why people are investing in companies with a 'low' yield compared to companies or index funds with a 'high' yield.
I think you have helped me get through my investment paralyses.
Thank you.
You’re welcome :). I think it depends on the stage of your life yer in and your personal financial situation, goals, and risk tolerances.
@GenExDividendInvestor I'm wondering if etf's or index funds are all what they are cracked up to be. I can't find any etfs or funds that have an CAGR, but lots of shares do. This bit is confusing. Unsure whether to sell my funds £30k and invest in individual stocks? Or just keep them. Everything is on DRIP at the mo.
Sorry to keep texting, I know your busy.
Take care
Generally single stocks are more risk with potential for more reward (and more loss). I wouldn't invest in single stocks until I felt more confident in what I was doing. Keep researching and you'll get to a point where you feel more confident.@@DrBretPalmer
@GenExDividendInvestor I used to do stocks as was more comfortable. Etfs and funds are new. If I invested in dividend stocks, I'd hopefully get the increase in income. No etfs or funds give that yearly increase, always up and down.
I'm sure will improve. Thank you for listening and keep up the great videos. 👍
@@DrBretPalmer That’s part of the trade off. Nothing is guaranteed to always go up, even tho some dividend aristocrats & kings have. Since ETFs are just groupings of stocks, they fluctuate more (but probably will trend up).
How do you weigh your dividend portfolio and re-balance it over the long-term? Do you just dollar-cost average and let it rid over the long term or do you trim certain stocks, allocate heavier into some, ect?
I roughly allocated the stock weighting in my portfolio to the overall market weighting. Then there are certain stocks I like more that I went heavier in. When I had lump sums I'd invest them, when I didn't I'd DCA (ideally into inexpensive stocks).
modern brokerages are swapping trading fees for voting rights...i'd prefer to pay per trade and keep total control of my shares
Total control is good :)
Great insight #2
Thx, Charles
Great video, lots of valuable infos for new investors :) Thanks GenEx
Thanks for the kind words, Anthony :) #Partner36