Will You Be Too Late to Retire Off Dividends?
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- Опубліковано 27 чер 2024
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One of the most common concerns that I see from people within the dividend investing community is that many people think they're getting too late to be able to someday retire off dividends. It's a very popular topic that I see all the time on websites like Reddit and other dividend communities out there. Most people who are familiar with dividend investing are also well aware of the dividend snowball. The longer you remain in the market and reinvest your dividends, the faster your money grows. Although it starts slow, after so many years, your money begins to jump exponentially, and the longer you remain in the market, the better. So it’s very common to see people asking questions like, I’m 30, or I’m 45, and I want to start dividend investing. Am I too late to start investing in dividend stocks? Because these people ideally don’t want to wait, or they might not even have the option of waiting, 30 or 40 years to allow a snowball to grow massively.
My advice for dividend investors is to save for a bigger investment if you really want to retire off dividends, My major picks are SCHD and VOO and a few more that i can't mention because my FA Dianne Sarah Olson is really strict on discretion, anyway i digress, You can't expect to make a million from a thousand dollar investment that's where most people get it wrong, It's not a lottery!! Make realistic investments!! People say it's good to be greedy while investing..Yes, i agree but there's a difference between being greedy and being delusional haha. For example last year I invested 80k in stocks and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.
out of curiosity I did read about Dianne Sarah Olson on the web, she has a great resume.
i'm happy there are lots of people doing so well. Love this channel for the transparency
Found her webpage by looking up her name online. She seems very proficient, I'll be writing a mail to her shortly
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. I invest in the market, but never put all my money in market.
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Speaking from personal experience, I would say engage professional guidance. Not sure where you get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
Mind if I ask you recommend this particular professional you use their service? i need all the guidance I can get.
*Sharon Lynne Hart* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Dividends from SCHD are typically taxed at the qualified dividend rate, which may be lower than ordinary income tax rates for many investors. However, the main focus for markets now is Nvidia, which has powered a large chunk of the S&P 500’s recent earnings. Nvidia’s stock, up more than 90% this year, rose 2.5% in New York on Monday, sending the Nasdaq 100 index to another record high. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, she was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this FA, Abby Joseph Cohen Services but only by her reputation of being a former employee at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
Abby Joseph Cohen hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost a million bucks in my portfolio.
I hope she gets more of the recognition she deserves.
@@NaomiVardyy
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
Dividends are dope. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important. Salute for the content!
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
When ‘Rachel Sarah Parrish’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Had some set backs in life, started at 57. Going strong though, love dividend investing. It will definitely help when I retire. So happy I found this channel.
My wife and really buckled down and got investing 4 years ago.. 81k now and receiving 400 a month in divs. Its not to late. Just make it it happen yall
What are your top 3?
Congratulations. I started 3 years ago and it seems a little slow for me but i keep investing
@@CentralNH spyi, svol, Nvdy and a bond etf thru my ksop work 401k is what we consist of today.
@@grzesiekszewczuk1741 agreed. It can be slow depending on the investment strategy. We buy monthly paying ETFs like spyi that pay a constant 45-50 cent div and it’s like getting a paycheck every 25 of the month. Seeing dividends hit the account about every 4 days is our motivation now
What are ur top 3 stocks?
I had a major milestone this week I received the title of my car …no more car payments…also just paid off one of my credit cards…this is critical if you want to build wealth your income is your greatest wealth creator…I will have an extra $600 a month to invest…
100%!
and congrats!
You just gave yourself a $7,200 a year raise. Cant complain about that. Congratulations.
@@hatework4282 Thats exactly how I feel about paying debt.
You don't have to " retire" on dividends. Unless that's your goal. I have only been investing in dividend and income producing securities for a few years and I'm old. I'll be retiring in 5 to 7 years. My strategy is to develop an income stream to supplement my retirement, without having to sell off my principle investments.
I’m a recovering drug addict and alcoholic don’t matter your past or ur age anyone can do achieve there investing goals if they try
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
Well with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan retirement strategies accordingly.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's retirement financial worries.
It's so sad really,...
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high dividend in these challenging conditions.
I'm almost 69. Just started investing with Robinhood in 2020. Hit the $100K recently with my portfolio. You can do it, by having a diverse portfolio, picking stocks with a good, supported dividend yield, track your yields and try for 6% or more, and buy some income stocks too. I only have about 30 stocks but I'm averaging $350/month in dividends and shooting for $400-500. With other investments and zero debt, I'm looking at a pocket money yield with my investments intact as an emergency liquid fund when I pull the cord at 70. I had zero experience and made mistakes, and I'm still in a good place. You've got this.
I used to think $300k would be enough to retire, but with sustained inflation, that's no longer realistic. My nest egg won't last long, each withdrawal has made it harder for my savings to recover through compounding returns
I'm almost ready to retire, and having a fund manager has been incredibly beneficial. Since I started investing later in life, I couldn't rely solely on compound interest from index funds. I've managed to earn more than some long-term investors. I'll be retiring with at least $4 million.
Your fund manager must be excellent. How can I get in touch with them? I'm worried about my retirement and could really use some guidance
I'm cautious about giving specific recommendations since everyone's situation is different. However, having worked closely with Emily Ava Milligan for 7 years, I can attest to her great service. You might want to see if she meets your criteria
I looked up her name online and found her page. I emailed and made enquiries. Thanks for the help
Great advice as usual. I was a late bloomer, but I was able to bring it all together. Now retired for 6 years at 72, my QYLD/RYLD portfolio generates about 1k a month more than my RMD. Not real big, but together with SS we're able to live reasonably with 60k a year. Being mortgage free was imperative.
i'm 65 stated dividend investing in 2020. I try to add 400 a month now. I'm at a nice 240 a month in dividends. Goal is 500 a month in 2027. That's when house note should be payed off.
I too didn't start until my 60's, been investing for 3 years now. To be honest, I think if social media had been around when I was younger I would have started earlier. I have always wanted to do the stock market but didn't know how, plus as a single mum it was not easy having spare money. I am doing it for some income, but also for the fun of it.....and leave some for my adult children one day.
for me its like a game leveling up its so awesome i love the process from getting 10 and now about 50 dollars a monthly
Investing and market research is my hobby, over time It's a very profitable hobby.
I didnt start out as a dividend investor, fortunately my 401K was in growth mostly and even though I had a modest salary for most of my life I just kept my mitts off of the retirement account. Now I rolled it into an IRA and bought dividend income stocks. I wasn't able to compound dividends over the course of decades, I just got here by market growth. Now I'm making $62K per year on $600K
I'm in my 20s and way ahead of everyone else in terms of statistics! 😮 Thanks Dividend Bull!
I'm so glad you listened to someone, I can't get anyone in their 20s to see the basic sense of dividend stocks. 🤷🏼♀️ "Nah, I don't believe in that stuff," is usually the response! 😳
Started late,, but making it happen... 66 yrs old. Still working for one more year,.. getting close to 1000$ month in divs online investment account....plus SSI... got a 75k in 401k also, and some equity in a house. Not paid off... 200 shares of JNJ from 25 years od div growth.... never too late guys.
Thanks for the positive and important video.
I am one of those parents who has set up a portfolio for my kids. I'm hoping they keep it going when they are adults.
I don't believe in inheritance but I will set up a fund like this or college fund for my kids that don't exist yet. I too wonder if I will be able to interest them in investing for their future, how does one get this idea across to a child or teen who is so far from retirement that they don't really care. Will they keep the account growing or spend it quick. If just one listens, it will be a success in my eyes.
It is never too late to get started. When I was working I was able to save a little bit each year into some mutual funds and my 401k plan at my job.
But I did not begin to build a dividend portfolio until _after_ I retired a few years ago. Now that dividend portfolio is yielding me about $500 per month while taking a bit of risk. The snowball effect is already begun.
Eventually I plan to move those other funds into my dividend portfolio.
When working there were a number of coworkers that complained that they could not save any money. But they were able to go out for lunch every day and spend $7 dollars or more for fast food.
As DB said, there are often ways to cut our expenses to find money for saving. But everyone is different. (I brought my own lunch every day... sometimes just one banana or one boiled egg, or a single slice of bread).
Now that I am retired I do splurge once a week for the $3 Whopper Wednesday...I cut it half and make 2 meals of it. 😊
You definitely have my sub. This content is next level. For me Unimantic was the turning point. Please keep doing what you do and keep being you, love it
Thank you ; very common sense and how you perceive your goals. You sir are a beacon of investment strategy
Just start! Agreed! That’s the best advice. Invest in dividends based off your age. High growth compounders while young, higher yield the older you are. That’s the strategy I preach at the DGI Crab.
I heard most of the time people think investing requires lots of capital at once. But most didn't know that they could DCA and or buy fractional shares. Whether it's dividend stocks or index funds or tech stocks or real estate stocks. If an investor is not rich then the most important steps are to keep your main job because your paycheck can be used to contribute a bit into buying dividend stocks and dip your toes into the stock market and put in all your mind to learn it even after you finish your daily job. Learn about the company, ask the right questions, don't be shy to talk about finance even if you only have $20 in your account. Remember there's no shortcut to become rich and when it's too good to be true then most likely it's too good to be true then don't buy it. Always treat your investment like a business not quick and easy money.
30 or 45 is still young.
Long as you got 20 plus years you good
@@pauobunyon9791 I pray.
It just feels old, if you get the wrong doctor. They can medicate you right into an early grave. Stay healthy, put the pill money into stocks. 😂
@@SewingBoxDesigns I agree. Doctors only follow protocols now. They are not independent thinkers like they used to be. They are incentivized to vaxxx the hell out of you.
@@mauriz8120Make sure. you leave your shares to your kids and grand kids.....just in case 🙏
I'm at 13k a year right now in dividend income at age 45. I love dividend investing.
Really very good topic. I'm from Europe and it feels like out of 100 people, if any, ten are invested in the stock market and everyone has the feeling that they started too late, but it's better to start than never.
Which country?
@@Dusan698 Germany
@@Mars23000 Germany has 26% tax on dividend, true?
25% after you reach 1000€ income from Stocks or any monitary gains
@@Dusan698 Dividends are subject to a flat-rate capital gains tax of 25 percent, plus a solidarity surcharge and, if applicable, church tax - but only if, when combined with other capital gains, they exceed the tax-free allowance of 1,000 euros, or 2,000 euros for joint taxpayers.
I look at dividends as a supplement. A bill payer. A faceless employee who pays the cell bill, the cable and the taxman. While I goof off in the backyard. I didn't start up till 55........
Great video
I really owe most of my success to you bull. Thank you sooooo much!!! While I don't hold exactly what you do, and you've warmed me on some of my holdings which I ultimately got burned on, ( No pain no gain), I do appreciate the truth in your words and your soft guidance. Respect!
Knew I was late to the game catching up with retirement in my mid 50s. Started investing in August 2022 and getting closer to 19,000 in my portfolio and 1100 per year in dividends. Figure 12 years in snd I should be in decent shape being an expat between dividends and Social Security along with my 401k.
You can turn that 1100 into 3k next year... go for it
Start investing now, having something is better then having nothing
Exactly!
I find this to be a very motivational channel. I had been doing the real estate route. Still have the houses, but dividend investing and planning is more interesting and easier. Now jam every single dollar I can into my stock account. I have listened to this young man and it is paying off.
I was using house owning to explain dividend stocks to a friend. No HOA mafia to lien hold sale your home for a 3.25$ under payment of fees. No roof to repair. No plumbing to burst. No renters to evict, no damage to pay repairs for, no squatters to steal and destroy things and no lawyers to have to pay. No mortgage to pay off, and if you hold long term, the taxes go down and if you are smart and throw in some losers, a chunk of loss can be written off. Easy to buy, easy to keep an eye on, easy to sell. No real responsibility to anyone but yourself.
@SewingBoxDesigns I used to look forward to making additional payments. Now, I look forward to hitting the investment income tab on my Schwab account. I have also only purchased stocks that this guy talks about. I think he is very dependable and actually a great source of knowledge and expertise.
I’m 43. Have saved my whole life. Have a DB pension. It’s never too late to start. The outcome by starting, will be much better than not saving and trying to rely on SS.
Thank you for another great video. I would love to hear your opinion on OGN. I have quite a few shares and I'm very happy with the results. A price to earnings of five and a dividend over 5%
I started at 47. A little late. But things are going well.
Late? 😂😂 are you kidding startdiv investments now, you'll be way surprised in ten years.
Folks really need to be taught to start as early as possible. Had six figures of dividends in my 30s to allow me to make some moves and not chase simply the paycheck. With the changes coming to the labor force through AI and other technologies, build alternative income or regret it once you are made obsolete.
I'm 67, and just started investing just over two years ago, when I learned that one can now open an account with a brokerage firm just like at a bank, and once your account is populated, you can begin investing in the market. This model was not available in the past, and allows you to take complete control over your investments. Alan's advice on this channel has been the primary impetus for my investing, and without his support by these videos, I may have given up entirely. I do not plan to live off my dividends, but rather to use them at some point in the future to augment my SS benefits, which is what most retirees are doing with their stock investments. The good news is that with dividend investments, I do not have to sell the principal investments in order to enjoy a regular income from them, and I will also have an option at some point in the future to actually begin selling the principal stocks and take that extra money as well.
Yes, when some of us were young and had more to spend, it was a brokerage and 25k or nothing. That was our house money, we couldn't gamble with it! You couldn't trust anyone. (RIH Bernie Madoff, you bast*Rd!) Now it's a bank or app and zero and total control. 😁
I'm about to set up accounts for my 8 and 6 year olds.
You are a Great parent!
make sure they are tax exempt. check VTI or VOO
Because of dividends, I first began investing in stocks. It's important, in my opinion, to be able to live off of dividends without selling if you invest and make other income in addition to payouts. It suggests that you may pass that down to your kids and give them a leg up in life. Over the years, I've invested over $600k in dividend stocks; I continue to buy more today and will keep doing so until the price drops even further.
Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
Hi, can you recommend a trusted fellow i can reach out to? I think that is the right thing to do.
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
Holy shit. I'm over here angry about all the cheap stocks and etfs I didn't invest in when I had thousands in savings doing nothing last year at Age 18. I've started investing at age 19 and putting $280 a month into a portfolio of dividend income and dividend appreciation stocks as well as a separate portfolio of blue chip stocks and several other safe stocks. I'm currently receiving 10$ a month from dividends since I started investing 4 months ago and both my portfolios are pretty green overall. I had no clue I was well under the average age of people who begin investing. I'm glad I've put such a focus on my future using all sorts of online research and information and not taking it for granted. I hope a lot more people in different situations take a look at your page and realize that there's still a benefit to investing for income.
A little over two months into the dividend wading pool and we are already projected to start making stock dividends pay for more dividend stocks. Set a goal, reach it, up your goal. It's a hell of a lot better than a savings account if you're smart.
i guess i thought the same way too but then i saw this video saying if i start investing in schwab i could retire and im starting at the median age so if you can do that you could retire off literally anything in your 30's thats nuts lol i still do feel the pressure you were saying especially since im starting from nothing and a minimum wage job
SPYI/SCHD combo all day
I know you were early in qyld, and like all the early qyld gang you fell out of favor with it back in the 2022 days. But in the 2 years since the fund managers have redone a lot of stuff and it's been incredibly stable. Wondering if you've had a chance to revisit it? In the past 2 yeaes its stayed in the 16 to 17 dollar range and paid 16 to 17 cents in dividends monthly. I think it's really matured and might be worth looking into again by more people
Trying my best to get my kids to get into this. I feel the most easy stock to invest in is MO. What's your thought on that stock?
I got until November to clarify if Trump is president. And till January to keep investing. And then my stocks will soar
I started abt 3.5 years ago and I just hit 16k. I am hoping to accelerate my total to much more in a shorter period of time.
I have some good news about people who don't have a lot of time. If you invest as much as you can, but you can only reach around $100k-$200k growth, I suggest investing the rest in income investing and then live out your retirement in cheaper countries. There was a dividend investor who worked at a pizzeria for 8 Years, got a return of $150k, and took his family to live in the nicer parts of Mexico, hardly having to work for a living anymore. And that was with low-level Pizzeria employee money. Imagine what's possible with an experienced senior like yourself
Short answer: no. You are never to old to start. Every bit helps.
I'm 23, and only recently discovered dividend investments. I'm kicking myself about it, because I've been buying stocks since I turned 18 and I can only imagine what it would have been.
Don't feel bad. You are ten years ahead of me.
Considering inflation can be unpredictable I just hope I have enough a part-time job with suffice.
If your getting $3500 a month from SS that equals $42000. In the past 3 years I've saved $71000 and currently earn $9500 annually from having that in stocks. My wife will also be getting $3500 monthly so add that up and I think we will be ok. Looking to save another $150000 prior to retiring I think we are doing pretty good. Not to mention I also have a 401K. Your videos are great let me add.
I’m 30 years old and want to retire early, by 50. What would you guys recommend I buy in my Taxable Brokerage, Traditional IRA and Roth IRA? Thanks!
Your ideas on PK ?
I'm no where near rich, but i opened accounts for my kids. Definitely gonna have a leg up when shes 30. My sons money is a little different for heatlh reasons.
Please be aware that investing is not easy. I started a portfolio 6 months ago. To minimise risk, I bought shares in 8 companies in various sectors in relatively small parcels. All my stocks, except one, lost in value between 12 per cent and 70 per cent.
A lot of my positions are down too, just remember it's now where they are today it's where they are in 10 - 20 years time that counts
@@Pegaroo_ It is impossible to say where the market will be in 20 years. Nikkei225 was at close to 40,000 in 1990, stayed at around 10,000 for several decades and only recently rose again to around 40,000.
There may be wars, natural disasters, recessions or a long period of declining productivity. New ways of corporate finance may emerge.
In my opinion, most investors are blind to larger trends in the economy that affect investment returns. They project past trends into the future which is rather unwise.
Thanks for joining the club! Glad I’m not alone.
Individual stocks is pretty risky. Buy ETFs, get better diversification and better vetting.
@@damondiehl5637 if everyone invested in ETFs there would be no price discovery. You need people to invest in individual stocks
You shouldnt be "saving" in the 1st place, if youre wanting a retirement, you need to get started now, you can save once you hit retirement,
Thank you for the video
Hey mate, this guy from Seeking Alpha (Samuel Smith) has done a video on ARES and MAIN and I feel like he is just there bashing them with irrational arguments. His video is 10 days old and sounds very fishy to me. What are your thoughts on this? Thanks in advance.
Once you hit the 100k pedal to the metal 😎😎😎😎
Took me 7 years.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
With the S&P500 and the TSM, you probably have even more overlap than you think, because those types of funds are weighted. They don't just buy equal amounts of every stock in their list. Look at the top ten holdings in each fund, you are almost certainly going to see a lot of duplication. Not that they are bad stocks, but if you are looking for diversification, you are only sorta achieve that. Maybe stay with the S&P500 and then choose a mid-cap fund. 33% in international stocks is probably high, too. I would go 25%, at most.
The hard part of investing is not staring at it all day, every day. Have trust in your choices and stop worrying so much. If you have picked good funds, it will be fine. You should be investing for the long term, so who cares if it is down this week. Turning on automatic contributions and forgetting you have a stock account would not be a bad thing.
Dividend investing is just one piece of the puzzle.
34 yo, single, living in NYC.
Div portfolio is ~ $33k…only at about $200-215/month and reinvesting.
More for supplement income and as an extra safety net to cover in the event of a job loss or major purchase
BUT this is after having no credit card debt, no car payments, and already having saved 6 months of living expenses..
You still holding $SACH?
I like these comments
Made it to 100k in my dividend portfolio
Also - There are safe countries with excellent medical systems where you can live on less, sometimes a lot less. Make this part of your plan if you're on the edge financially. Am looking at care options for my 90 yo mother and it's a nightmare in the US unless you have a load of money and can afford at least 6k per month for a good nursing home. Think ahead for yourself too if you should need continuous care and what that means for you and your children. I'm 70 and in good health and don't want to eat up what I've saved on assisted living and nursing care, but if I stay in US that could be a reality.
There is the old saying when was the best time to plant a tree maybe 20 years ago when is the next best time now :}
Look out below!
THEN SELL OPTIONS LIKE YOU SHOULD HAVE DONE ANYWAYS!!
You can't retire off dividends is because it's not extra money it lower is the value of the stock... dividends is not extra income😊😢
Answer to that is crypto.
If you were starting at 27 and had only 1k how you would invest it ? what about 10k ?
You can engage in something more prolific than Dividends
@@LesterAdriana like?
The latter is at young age you want to invest in growth stocks.. then later when you’re ready to retire you slowly sell off(tax implications) and reinvest into dividend stocks/bonds
If you don’t want to think too much at all just invest in spy or voo etf
Vxus etf for international exposure diversification. If you want to manage your own and more risk for potential more gain look up stocks and do your own diligence. Nvidia back in 2013 was dirt cheap compared to now.. think about emerging markets and innovation.
Buy VOO and stop worrying about it.
Buy rental real estate and give yourself a raise every year
Today is June 28th 2024 2:00 pm central USA time stamped
For my side job, I rob banks.
Banks are where the money is LOL
Are you keeping your main job just for your health insurance?
I’m sorry I get over how you end every sentence.
How many of you want to bet that Americans lack of saving today will turn into us dividend investors having to pay for them later?
Worry more about the "new comers" already sucking up all your taxes.
@@SewingBoxDesigns already am
First
Good for u
I dont understand the fascination with “first”
I fail to understand the juvenile mindset that considers being first to comment on a video as some sort of accomplishment.
Perhaps life is more simple for those folks who still live in their parents' basement. 😋
@@absurdnerd7624 this is what happens when you receive a trophy for anything
THANK goodness i learned about dividend investing. VYM for the win