THIS is How to Get $1,000 in Dividends per Month
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- Опубліковано 24 чер 2024
- Would you like to make $1,000 each month in DIVIDEND payouts? In this video, we will talk about HOW to find great dividend stocks & ETFs and how the dividend snowball effect can bring you up to $1,000 per month and a LOT more with the right strategies in mind.
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Chapters of Today's Video on Dividend Growth Investing
00:00 Dividends - How They Work
01:11 Finding GOOD Dividend STOCKS
05:10 Finding GOOD Dividend ETFs
08:15 Magic of the DIVIDEND SNOWBALL
10:00 Making OVER $1,000 Per Month in Dividends
12:13 Dividend Portfolio Compound Effect
Imagine making $1,000 every single month in dividend payouts. And while that may not sound like a lot of money, the best part about this is this dividend income. You make this money without having to go to work, without having to put any time in. This money is given to you passively, simply by investing in the right type of stocks or the right type of ETFs.
And that's exactly what we're talking about in today's video. How do we build up and get started today with dividend investing to build up to that $1,000 per month or more? Now, in this video specifically, we're going to look at stocks and we're going to look at ETFs. And I can look at anything else other than that, just your typical companies that you can buy in the stock market.
And don't worry if you're just starting off with this and you're like, you know, I'd love to get paid extra money for just investing, that would be kind of cool. That's really the point here. Just for beginners to get started, right? You want to make $1,000 a month and more. I'm going to share with you actually how without doing anything at all from this point forward, how I could earn an additional $41,000 a year just in dividend payouts using the dividend snowball strategy.
And I'm going to pull up one particular stock, you know, a company, in other words, and it's going to be my favorite Apple because, you know, I'm using an iPad. Might as well pull up their stock. AAPL And then right there it is Apple. The very first thing I'm going to look at when it comes down to dividends is right over here on the right hand side of the screen.
Watch the video to see more about important dividend growth strategies
#dividends #dividendinvesting #dividendportfolio
*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
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After watching your video I checked out my own company stock that I own through my 401k. Can I collect on dividends from this?
Your calculator math doesn’t add up !! 1000 x .06 = 60 dollars not 60 cents.
How did you get to 60 cents?
@@msortamond93 .06 would be 6%, way too much! You’d need to convert the percentage to a decimal in order to multiply. In this case 0.06% expense ratio would be a decimal of 0.0006
@@BobSharpe aaaahh there it is I knew I had to be missing something there!!
I get 10 dollars a month, from my investments in dividends !!!! Life is sweet.
what do you buy?
😂😂😂😂😂😂
@@MrBukhum you laughing now, but are you making $10 a month freely? Dont laugh when we trying to get money. We all start somewhere.
Keep it up 💪🏾 bro
How much do you have invested
$1000 a month is the goal. Currently have a $86K portfolio making around $3900 a year.
That’s a great yearly income!
That’s pretty inspiring I just started last year my portfolio is only $4.5k with an estimated return of $388 a year.
@@mikeyman1974 Thank you!
Nice. Don't forget to pay your taxes.
@@FogandRain227 Of course!
Don't imagine. I invest and reinvest in dividend stocks for 7+ years. I make $2599 per month in dividend.
Fr bro ?
I just started with REITs. I make around 100+ What's your capital gains in comparison to your dividens per-month?
That’s awesome I’ve been investing in dividends since the start of 2020. Got paid about $1100 last year in dividends. 24 years old trying to retire from main job by 35 and from their keep generating income with my side hustles.
What companies do you invest in ?
@@darksensations1624 IBM, INTC, AVGO, MSI, XOM, DVN, CVX, PXD, ZIM, EGLE...
Hi Bob. What platform would you say it the safest to buy stocks and hold long term?
Another inspiring & educational dividend video. My main ETF I have right now is IEP. Shifted $25k to that in July 2022. Gained $1000 in dividends each in September & December.
Question about the scenario.. The numbers would be based on the investment bring in a tax advantaged account right? Wouldn't 4.5 years (age 59.5) need to be added to the scenario to avoid taxes? How would taxes affect the snowball as the dividends would be taxed yearly?
Great job on explaining for new investors ❤!! I have 216 shares of SCHD, DCA-$85 every week and $65 to DGRO of 113 shares. Goal of the end of 2023 are 300 shares of SCHD and 200 shares DGRO. Thanks for the video!!
TT, I'm a new investor. May I email you or Visa versa. Have a few questions.
I started investing in 2008, in 2018 i started a spreadsheet to keep track of my monthly dividend income. In Jan 2018 i earned 516 dollars in dividends. December 2022 that number was 1,157 dollars. I would recommend keeping a spreadsheet it is very motivating punching those numbers in and watching your income stream grow. By my projections i will be able to retire within the next 15 years, my goal is to be retired by 50. I hope any young person reading this is wise with their money and starts investing early, financial independence is achievable if you make wise decisions with your finances.
What stock do you Invest ?if you don't mind if I ask
@@sleepysova762 about a dozen overall for the income side of my portfolio: ryld, xyld, qyld, nusi, o, stag, psec, UTG, main, gain, crf and ra.
Hey there. Instead of using your own spreadsheet to keep track of monthly dividend income. Why not use the "Dividend Tracker". I use it and it's amazing!! :)
@@johnsmith-wt5dz
Did you max out your roth ira and 401k first?
@@timexcape7961 I max out my Roth IRA every year. I contribute enough to my Roth 401k to get the max employer match. I also have an HSA that I max out every year.
Good video explaining expense ratio! I wish there is videos explaining every part of the dividend stock
WHY was none of this taught in school? 😢
Cause the Rockefellers funded the school board back in the 80's I think and said they want a nation of workers not thinkers they choose what the school board teaches. Indoctrination to keep the masses slaving away. My opinion based on my research.
They want us poor
Nice video, subscribed. On of those videos Ill keep re watching, a lot of good clear info.
Awesome, glad you enjoyed it!
I have a basket of stocks and ETF's that yield about 3.8%, and generates $13,000 a year. About half of this is in roths through my IRA and 401k. Dividends have been reinvested, but later this year will become income when I retire. A few of my companies are CAT, LMT, JNJ, DTE, F, MO, VZ, and SCHD. The average dividend increase per year is about 7.2% for my entire basket of dividend stocks over the past 5 years. This will cover inflation.
Thanks Bob !
AVGO is my main growth and dividend stock, they have outperformed both Apple and Coca-Cola that you mentioned and pay a much better dividend.
Wow I wish I knew about that company back in 2020
What is a good ideal, reinvesting the dividend or not?
I watched a lot of investing videos on youtube and so far this is one of the best. I like your explanations and how you how you cover everything nicely.
Awesome! Thank you!
Bob so everyday I just add 5 dollars to my individual stocks ?
I have a hundred shares of sppi just waiting on the dividend. What companies do you recommend investing in for beginners?
Bob’s the 💣 bomb!! Love his dividend platform videos and dividend hacks 👍❤️🙌🙏🏽👏🌹🔥
Great video, I’m very glad you did that video
Glad you liked it!
And that $1000 can be put to work making more money, until you need it.
So true!
What are best dividend stocks to put your money in
Can you do this with a 401k or 457?
The big question here is , should I buy Schd and put it on a taxable account or a Roth IRA , that would be my question. I want to reach financial freedom and be able to use the dividend in 15 years . I am 33 years old.
Is there a way to use your 401k to invest in ETFs? can you show us that video on how to do it.? I have Fidelity but any information would help.
Nice work Bob. Subscribed.
Another great video
Thanks!
Why not pick a Fidelity portfolio that has the s&p 500 instead of single?
Came for the dividends. Stayed for the guy who kinda looks like woody.😁
Is that a Price Is Right nametag on your shelf? Tell us the details on that!
Ah yeah it is LOL. Unfortunately wasn’t called down but went to a full show in late 2019 😄
Just a correction, you said AAPL pays 92 cents a quarter, they pay 23 cents a quarter. The 92 cents is their annual dividend payment.
What Dividend Tracker does everyone use? Free? Cost? Which is best?
Hi Bob what is your opinion on AGNC and OMF, MSB stock? I'm currently investing in stocks that have a dividend of about 10% dividend per share. My Goal is to make $100 per month on dividends on each stock I invest in. I'm thinking like 20 stocks & then I can finally retire from working.
Try pflt its much better agnc I got alittle into but slrc and pflt never cut their dividends
This is awesome, but, your title of monthly dividends is a bit misleading, need to separate companies that pay quarterly dividends from monthly dividends.
Excellent, thanks!
You're welcome!
Is it dividends per share?
Question so the SCHD pay $2.56 per quarter or per year? Sorry I am new to this
The yield is based on a yearly return.
If it monthly, then you divide 12 into the yield and that will give you a monthly sum .
Then you times it by the amount of shares you have 👍👍👍👍🤓
Andrei Jihk magic 🔮
Great video, but I have one question though. I want to get into trading n for right now I’ve just been watching a bunch of videos to soak in the knowledge but I don’t know which brokerage account I should have. I don’t know if I should sign up for robinhood or webull. Any answers would help out a lot since I mainly need to build my portfolio first before I can even get into any forex trading which is my main reason I want to learn about stocks but dividends is a great start.⭐️
Robinhood 100% if you are new.
I got a question do you suppose to put stop losses on your dividend stocks in your portfolio 🤔 if so how do you determine where to set the stop loss?
Following. Limit + Stop is my achilles heel when it comes to investing.
Gain Pays a decent monthly dividend and if you reinvest your dividends you'll get there quickly
Yes but what about inflation,what about the risk to put so much money in only one divident
Invest in companies that help hedge against inflation, companies that sell goods/services that everyone needs like “staple” companies that sell food or utilities they make money no matter what the economy looks like because people need to eat and have heat/electricity etc to live these companies are the types of companies that a lot of investors put there money into during times like these to protect it, most of these companies increase there dividends as well each year covering inflation or keeping up with it
Great video, Very Informative
Glad you liked it!
sorry, an impersonator made it to the comments and replied to you asking to contact. Please do not contact them on WhatsApp as this is a scam 🚨
Why did you use a 5 year growth rate and input it into a 1 year Dividend Growth Rate?
thought i was the only one tripping out
Should dividend stocks go in a Roth?
That would definitely help out reduce the taxable income for sure!
I think it would be helpful for a video about when to ditch/sell/cut bait on a dividend stock. For example, due to other youtubers, i have small investments in SDIV, SPFF, and ORC, all of which are junk. Yes they pay monthly dividends, but the stock prices have gone down 30-50%. I'll probably finally choose to eat my loss and claim it on taxes this April and move on. My question is, what guide or metric do you go by when selling to avoid deeper losses?
You need to buy companies that are going to grow, not just monthly paying companies, I invested in Nike, there dividend is one of the lowest in my portfolio, but it’s made me the most money in returns.
Buy companies that you can hold when they drop. Unless the fundamentals change don’t sell. Examples of fundamentals changing would be Facebook to meta, and Disney parks to weird streaming acquisitions.
It's only a loss if you sell. Why would you sell, if the dividend is still paying and the stock has stabilized and started performing again? I'm speaking specifically about SDIV.
@@moldymoss3991 Thank you for your comment.
@@tonycrabtree3416 Thank you for your comment.
@@newenglandnomad9405I keep AGNC as my dividend income stocks.
I bought it a year ago for $15 and now it’s trading for $11.
But in October it dropped to $7/share., so I bought more.
all my shares pay $0.12/month despite the price I bought it for but my average price is around $10 now.
When I bought first - it was 9.6% return but if I’d bought all of them for $7 then I’d get 20.5% in dividends……ohh well…..I still making money monthly.
Make a tutorial of the best platforms exists to make such an investment, I still don’t understand if I should use a broker like Webull or other kind of platform.
My goal is to invest every paycheck and live off dividends. I have a ways to go but getting there! Currently making $1.40 every hour around the clock with dividends.
What stocks you got bud, and how much you put into your pf
@@XORTION fr
I started investing a car payment a couple years ago and I can see the snowball starting
That's awesome!
I'm trying to get SCHD to 100 shares. Then it should buy me a new share every dividend payout depending on where the price stays. So far I'm at about $180 a year in dividends. The way I see it, it's making $1 a day for the first half of the year off of work I've already done
Wow for a new person this is priceless
You should also talk about the effect of inflation on the value of your assets. 10 % inflation with a 5 % return leaves you upside down, not quite the rosy picture you are portraying here.
Dividend increases usually can cover inflation or at least keep up with it, not all ETFs or stocks raise there divs each year tho, you can get 7% to 10% increases from the right companies
Apple stock is too expensive for such a low dividend rate. You would have to buy a fortune worth. I would prefer T or WY or HBAN
Do all dividends pay it monthly, I thought most are quarterly?
You're right, most are quarterly, but an increasing number are doing monthly based on their cashflow and to remain attractive to new investors
That's Bob you are the man, happy father's day btw
Actually AAPL dividend is $0.23/share per quarter, not $0.92. It's $0.92 in my dreams though.
Ah yeah 92 cents per year per share is what that was meaning
I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $165K per year but nothing to show for it yet.
Hi! Use direct deposit of your check for high yield savings and investments. You won’t miss the money. I do 20% to savings and 10% to investments, not including retirement.
Personally I put 10% away on each paycheck before I pay anything else into dividend stocks, although I don’t work a typical 9 to 5 but rather flat rate so my income varies from time to time, if you get a predictable paycheck every week or 2 weeks it’s easier to budget for, if your making 150k+ a year with nothing to show for it then look at what your spending your money on I make 40-45k a year and still put 10% away each check if I can do it you should be rocking it 😂 it takes discipline is all
"That's magic." Love this. Earned a subscriber today.
Awesome, thank you!
I like the idea of purchasing growth stocks until i have 500000 and the converting over to a dividend portfolio as i near retirement.
I'm up to $10 a month Dividend just start in November in investing
Nice!!
Inflation?
Lnd at under 5.40. Gates owned land in Brazil
*right now
your math was wrong on the calculator. I hope others saw how you added the extra zeros. $.60 cents and $60.00 on $1000 dollars is a huge gap.
No, not in this case. When you convert a percentage to a decimal, you move the decimal over two places, therefore 0.06% becomes 0.0006 as a decimal. You can also do this on the iPhone calculator by typing in the percentage (0.06%) and then hitting the % button, which will automatically convert to a decimal for you. This is what I did at 07:30 in the video, which is why the 0's were added. More information on this can be found here: www.calculatorsoup.com/calculators/math/percent-to-decimal-calculator.php
2.8% dividend is a ton LOL. Makes me want to go to sleep.
Very good information as always bro.
I know you made a VTI AND VOO video in the past but as right has anything changed. If you had $3000. To start which would you choose VTI, VOO OR SCHD. Also on Robinhood schd says 30 days yield, what does that mean? I thought it meant they pay dividend monthly 🤔
i do vti and been adding some schd. Vti and Voo have overlap so just pick 1
Schd pays dividends quarterly
Jepi
I make $500 a month in dividends just by investing $100,000 in ETF JEPI.
150$ for the premium tracker cuts into my gains. If you use a program tell those sponsors to get off their wallets and toss your followers a discount
By 2047 that 34k be worth probably 10k to 12k though :(
25 Plus years to invest and wait! Wow, Don't forget economist John Maynard Keynes famous quote - In the long run , we are all dead ! 😅
Great and informing video !
Thank you!
I am thinking if I invest the max contribution into my Roth into large cap growth and the balance of my investment accounts into dividends. Once I get a few years from retirement I can sell off the growth and buy dividend stocks or dividend etf like schd. I would like to try some forecast modeling to the results of this or straight dividend investing.
Thanks for the content
So. What happened with you talking about shib?
This is the root of what I typically talk about on the channel (dividends). I did move shib content to a different channel, although not much to talk about with it right at this time
No one will be able to live off $65k/ year in the year 2047. Can hardly do it now.
Well, with $1.3 million in your portfolio and $65k/year, sure you can.
If that true, then you will be earning more also,adding that much more.. thus you'll 65k will be 120k
U need to start somewhere. And the calculation is on the low end.
Dividends aren’t supposed to be your primary method of income though.
Well, at least the 65K/year that you don’t have to lift a finger to work for it. Maybe invest into Roth IRA so you can have over 100K/year to enjoy your golden years.
Good video, but I think it ignores the impact of inflation on your dividends. For example if we look at the last 25 years, it had a cumulative inflation increase of 82.08%
Hi
Hi!
Hi 👋🏾
And I guess once you get to a $1000 per month. You can stop putting monthly contributions and become a millionaire on auto pilot with reinvestments because $500 per month would make you a million dollars in about. 30 years with a good ETF so just imagine how wealthy you could become. You could probably get to a point where you're getting tens of thousands of dollars a month in dividends.
Did I just listen to adive how to gamble with your retirement? This is madness. Also, even if you want to do that, you need to compare apples to apples. Copare what would happen if you continue to fill up your 401K to your strategy.
AAPL ko schd
Nice
I can get $3,000,000 every month, provided I have $1B.
That’d be the dream! 😆
65k a year in 2047 is gonna be below minimum wage. 😂
Hi Mr Bob sharp. How you doing. I like your videos. I watch every video you put on. I want you help me to make money on the Internet. I will appreciate your help.
I just steal money from my mom's purse. She is my portfolio!
To generate $1000.00 a month in dividend income would require a portfolio value of around $450,000 thousand dollars. You need to explain where you got that $450k from first. The floor is yours. Please explain.
You’ve got to work your way up to that. Invest a little bit every day, diversify your portfolio, dollar cost average, stay consistent and stay disciplined. Your portfolio will begin to grow exponentially and you’ll get there
That makes sense. However, you forgot state and federal 70% taxation
Please go read the tax code on dividends. You are sadly very wrong. Also there is absolutely NO 70% tax bracket.
Yeah, because who doesn't have 100k laying around and 500 a month to invest?
If not, at least start somewhere!
All you need is $400,000 lol
YES ! my portfolio now ylds 10.76% of course I have been at it a long time but there are some great high yld stocks out there :-)
You need a lotta $$$ to make
$$$. But if you have a lotta
$$$, you don’t need to make
$$$ b/c you already got a lotta $$$. Lol
First
Like a boss!
Dude, I make $1400 just from my paycheck per week and put in 500-700 out of each check. 1k per month does not sound exciting. I don't like your methods, sorry.
Chimera is now 6,71$, dividend 3,47% it pays 0,23$ per quarter. CIM.
New york mortgage trust NYMT 2,92$, 3,41% 0,10$ per quarter.
@Bob Sharpe Your wisdom is needed. I have a $475,000 portfolio and am forecasted to only generate $8882.07 for the year of 2023 (Average monthly income of $740.17). This is not $1000 per month and am expecting to retire ASAP. I am 32 years old and I can't take being a 9-5 wage slave anymore.