Are Dividend Investments A Good Idea?
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- Опубліковано 24 чер 2022
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I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I 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.
My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.
Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
Your advisor must be really good, how I can get in touch with them as my porfolio isn't doing well.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
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
She really seems to know her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.
I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.
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 ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
As an lnvestment enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
The current state of the market may bring opportunities to increase profits quickly, but professional assistance is required in order to put such a plan into action.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Rachel Sarah Parrish is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be very knowledgeable. I found her webpage and read through her resume, educational background, and qualifications, which were all very impressive. I have sent her an email detailing my financial goals.
Congratulations, *DaleValskov* I am relieved that you are out there fighting these thugs, We musttake every precaution to protect the elderly and the general public from these despicable con artists. Congratulations to You!! You deserve the Nobel Peace Prize for ensuring our security.
Huh
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I would get money management just in case. You’re only 55. I think the average life execting in the US is 77.5 years, but many people live well into their 80s so that $1 million has to last you all of that and the unforeseen. $1m is a great start though. Good for you!
I’m quite lucky exposed to personal finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 just after covid-outbreak, and at once hired an advisor with grit to help stay afloat. As of today, my portfolio has yielded over 300%, summing up $836k. Stay motivated friends
this is huge! your advsor must be grade A, mind sharing more info pleas? in dire need of proper asset allocation
Can't divulge much, I delegate my excesses to someone of great expertise ''Jennifer Leigh Hickman ' preferably you can look her up on the web, her qualifications speak for itself.
I work with *Jennifer Leigh Hickman* , a licensed advisor. Simply search the name to find the necessary details to schedule an appointment.
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some *DaleValskov* Thanks for keeping us informed during this times of doubt?
Dividends from the stock market encouraged me to begin investing. What matters, in my opinion, is that if you invest and make additional money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can provide that benefit for your children, giving them a head start in life. I've invested more than $600K in dividend stocks throughout the years; I'm currently buying more today and will continue to do so until the price falls even further.
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.
In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Sharon Lee Peoples is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
I like how dividends balloon the longer you invest. My problem, though, is one of capital allocation. I want to invest maybe 70k and then grow that overtime. Any advice on how I could go about?
It's really not that difficult, but if you don't know how it works, it's best to get a financial advisor who could guide you.
I agree. There are pros, and there are non-pros. People who really rip the market are either hedge funds, or individuals who use professional advisors, else you are better off buying index funds. But you could make way much more-- I'm talking 10x more-- if you use a financial advisor.
Wow, that makes sense. Can I ask for a recommendation of a good advisor? I know there can be many out there.
Yes, there are. Sharon Lynne Hart is the manager I personally work with. Just research her name and you'll find necessary details to set up an appointment.
Thank you for this. I'll send her an email, and I hope I'm able to make something out of it.
My heart goes to the entire community for *DaleValskov* building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on *DaleValskov* and a 15x on polygon are fair considering how much those two coins are interwov
*DaleValskov* has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures
The efficiency of this *DaleValskov* is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work jack!!
I just initiated my investment journey, planning to put in at least $80k into dividend stocks. I am project a 30% per year on dividend returns. I seek advice.
JEPI and JEPQ are smart addition to your portfolio in my opinion. As for staying committed to high risk investment, it's all about balancing your risk with your long term goals.
The market is not necessarily a rollercoaster if you know your way around it. There are many opportunities in the market today to accrue profit. If your not too conversant with the market, just buy and hold good companies with good earnings, or better still consult the expertise of a financial expert on ETFs and actively managed funds. It actually worked for me. I have made over 40% capital growth excluding dividend.
Consulting the right advisor is challenging, I have been on it for sometime now. I cannot seem to get a reliable one, or maybe I am not looking in the right places. Please who is guiding you? I would really use a good recommendation at this point.
I am working with Jason Herman Pierce. He is a CFA. His cutting edge financial strategies is top notch. You will appreciate his ability to identify and mitigate potential risk to your finances as he works in accordance to your risk tolerance. You should give him a try.
How do reach out to him please??
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you *DaleValskov*
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires....
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@kelseyeadelmarr6109 You are right. Been thinking of going into gold and cyptocurrency
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
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!
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
My CFA ’Rachel Sarah Parrish’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@lennoxmutterick6434 However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@@user-qk9ro8rp8t Oh please I’d love that. Thanks!
@@lennoxmutterick6434 Judith Ann peace is her name
Lookup with her name on the webpage.
My take on dividends is that they may not be beneficial if a company has better uses for its capital. Instead of focusing on dividends, I suggests investing in companies with growth potential. A dividend income of $50k-70k is possible with the right companies.
I got into the market few years ago and my candid advice for a newbie is to seek help from market experts rather than UA-camrs.
@@DanielPanuzi I agree with you. I started out with investing on my own using UA-cam videos, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash when I invested using an advisor.
@@Angelavaldess Thinking of giving this a try lately, but how can I reach a decent advisor like the one you use?
@@Higuannn I am not one to make such recommendations but there are many managers you could check out. Personally been working with Alicia Estela Cabouli. You can see her web page for yourself and set up an appointment if you wish.
@@Higuannn I am not one to make such recommendations but there are many managers you could check out. Personally been working with Alicia Estela Cabouli. You can see her web page for yourself and set up an appointment if you wish.
I want a balanced portfolio with growth investments, safe investments, and also focus on dividends to gain up to $20K monthly, my concern is picking the right stocks that can survive a recession. How do i go about this ?
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. Depending on the worth of your portfolio, you should consider financial advisory.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
massive gains! mind sharing details of your adviser pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help fuel my money goal
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Don’t pick a stock - pick a managed ETF… ETF can be a collection of 100+ blue chip companies, one starts to underperform, the fund manager removes the bad company and adds a good one in its place
“You don’t need passive income” is a bizarre statement to me. I’ll keep buying my divi’s Dave. 😊
@M ETFs are really safe. $SCHD and $VTI are great, and if you're nearing retirement consider $JEPI.
Does anyone recommend someone to talk to or anything? I’m 20 and make 50k a year right now, would love to start investing but at the same time I’m super leery about it
Just a bunch of boomers that like yanking up the ladder as soon as they've made it to the top. No boomer likes to see a young bug so rich they don't have to work, and aren't slaving away to maintain their petty retirement that's going to collapse anyway, smh...
@@Braedyn1016 I am in SCHD. Great fund
@@dontmakememad6759 The internet has amazing resources, but if you're leery, a financial advisor may be right for you. I would definitely do individual research it's crazy how much you can learn for free
Dave is good for getting out of debt but I'll take Warren Buffets investing advice over his.
One thing Dave never does is name the mutual funds he’s invested in. Maybe he’s no being completely honest otherwise he’d be open.
Did Warren Buffet actually recommend dividend stocks though? Berkshire Hathaway has never paid a dividend. I don't think he's that keen on them either.
@@billyjohnson9166 of course he's not honest, he says to worship Jesus a man who never showed Elijah
@@JeanValjean875 yes he said to diversify in many ways, that includes Dividends that add over time
@@JeanValjean875 warren buffet said invest in productive assets which means they pay you along with appreciation hence why he invest in coke for in his own words he doesn’t invest in stuff without a dividend usually
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
she's mostly on Instagrams, using the user name
FXMILLER15 💯.. that's it
Greetings, I’ve seen positive reviews of this woman Charlotte Miller for about the fourth time now, I think I’ll have to give it a try.
I fully retired at 54 and living off of my dividends. I started investing in 1984 in growth and transitioned 15 yrs ago into dividend aristocrats paying stocks. No regrets and financially free. Life is good while helping the less fortunate.
This is an amazing goal so many of us are striving for
@@citizenoftheyearCC thank you, but I have to decline.
@@cashflow68 No worries, have a good one!
Serious question: since you've been a dividend investor since 84, have you ever taken a major loss? Like on Enron?
@@DoubleOddJosh I’ve never taken a huge loss but certainly small ones. If you been investing as long as I’ve been, the odds are greater to lose in the long run. It’s like saying I’m make 90% of my free throws 9/10 oppose to the person making 95% at 95/100. Currently my largest PAPER loss is VZ. But I’m not selling. Hopefully it will rebound while I collect my dividends.
Dividends are a great thing, but they’re only really effective for passive income when you either have somewheres over 20 to 25 thousand shares of a high yielding stock. Meaning you likely need to have a few hundred thousand if not more invested in it. Re-investing dividends back into the same stock certainly does snowball with compound interest, but you only really start seeing it after 20 years of never stopping and likely needing to add additional money of your own with it….so it’ll be time consuming and costly. The way I see it if you have a million dollars at some point, that’d be enough to create a portfolio that would pay you between 50 to 70 thousand in dividend income
It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure and that's fine by me.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Sonya lee Mitchell is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
I started investing in dividends with my taxable account. I used the buy and hold strategy in my Roth, adding some Berkshire B stock, SCHD, and an S&P 500 and total market exchange-traded fund.
When I started investing last year, I avoided significant mistakes. I've focused on investing modest sums in stable businesses for the long term. If stocks perform well, I hold onto them; otherwise, I reinvest losses into profits. Recently, I made $9.5k from a $4k investment in NVIDIA.
Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure and that's fine by me.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Sonya lee Mitchell is the licensed advisor 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.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
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.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Technically, Investing in a index fund like VOO (1.45%) or SCHD (3.10%) pays dividends as well, which would also be dividend investing. Anything that pays a dividend is dividend investing.
Yes, there are dividend yield focused index funds as well. Dividends are awesome imo
Schd is my retirement.
I have both of those and SCHD shares get increased every year for my investment plan
I own both :)
I own those .
Dave's statement that you cannot pull anything out of a Roth IRA without a penalty is not quite correct. You can pull out your contributions at any time with no penalty. You just cannot touch any growth.
I believe he is saying that the dividend is growth and you can't pull that out to use somewhere outside of the Roth.
He was talking about dividends which was the purpose of the call.
Dividends are not contributions and there will be a withdrawal penalty.
Dakota Lynch, I also found that to be easily misunderstood.
No! He was talking about your contributions in a Roth IRA, he specifically said : you cant pull ANYTHING out of a Roth IRA till 59 and a half..... Which is wrong.
*capital gains
I disagree completely. I would not buy a stock if it didn’t pay a dividend. Dividends can be an excellent source of income. When your stocks drop in value during a downturn , you buy more stock and receive a raise in your dividends. Plus most blue chip stocks raise their dividends every single year to stay with or ahead of inflation. Great retirement way of investing. But you do to save save save first to be able to achieve sizeable dividends.
I believe that the reason that stocks that don't pay dividends are worth something is that as a group,they will have dividends in the future. A few of them (we cannot predict which ones) will have big dividends. That is what powers "growth" investing (at least over the long term) in my opinion.
@@davidpowell3347 while thats true id argue its better to invest in what has for decades paid dividends and increased them yearly than a possibility that a growth stock will start paying dividends MAYBE years down the line.
As Kevin O’Leary said “why should I invest in something thats purely speculation? Why invest my money in to something that doesn’t pay me anything?” (He was talking about growth stocks).
I agree 100% I do the same
I agree with your disagreement. Dave maybe smart by he's no Warren Buffet.
@@captaindestruction9332 I agree completely.
This administration has no idea how people are suffering, things are getting so much harder we can't take it no more. A lot of people are financially struggling to put food on the table and a roof over their head, I appreciate your advice Walter James Henry. Imagine I invested $2,000 and got $10,600.
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
@Gainwithwalter7
Same here all thanks to Mr Walter James , he has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
I'm a bit perplexed saying Walter James Henry has been my mentor. Didn't know he has been good to so many people.
The process of trading can be complicated when you have limited knowledge.
However, with the right strategy and setups, you can be successful. That's the whole point of investing.
The etf SCHD is basically an index fund of strong companies that pay out dividends. It only has an expense ratio of 0.06% and has performed well since it came about 10 or so years ago. I highly recommend people consider adding it to their portfolio. With enough time, you can use those dividends later in life to largely live off of without touching the principle.
SCHD is one of my favorite ETFs.
SCHD outperformed the S&P 500 over the past five years.
This should be a pinned comment
You're correct. The FTSE 100 equivalent even yield more. IUKD.L
How do I add it to mh portfolio i am a beginner
strong, growing company with low debt, absolutely.
3,300 shares of Realty Income here, will never sell.
What's the monthly income off that holding?
@@bulls-nation5783 Around $740
Savage!
Wow good for you
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
Who’s the person guiding you
credits to *MARTHA ALONSO HARA* , one of the best portfolio managers out there. she's well known, you should look her up
I just checked her out and I have sent her an email. I hope she gets back to me soon.
Dividends are only good if the business you’re investing into can make good use of that capital. I'm still at a crossroads deciding if to invest $400k on my stock portfolio. what’s the best way to take advantage of the market?
If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.
Maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
My consultant is *Sharon Louise Count* She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
I Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
@BryanSherer It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.
@BryanSherer How do I connect with her?
These bots are getting out of control.
And nothing wrong with dividend investments.
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
It is recommended to seek the assistance of a financial advisor or broker to diversify your investment portfolio through the inclusion of commodities, inflation-indexed bonds, and stocks of financially stable companies, rather than relying solely on growth stocks with uncertain future earnings.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 950k within a year, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@Nernst96 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
My adviser is "Colleen Rose Mccaffery" You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.
Thank you for this amazing tip. I verified her and booked a call session with her. She seems Proficient.
It's amazing what you do *DaleValskov* We need a lot of people with your skills and set who have good intentions and spread love
The stock market is an excellent way to generate passive income. I've heard of numerous investors generating more than $40,000 per month. how can i enter the market and diversify my portfolio?
As a regular investor, it is difficult to outperform the market. You lack access to information that specialists do. So it's simply best to hire a professional who understands how things function.
How about you recommend your financial advisor, please? I could really use some help.
I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I set up a call with her so I could use her services.
Sharon seems reallly reliable. i've been ale to reach her through her page.
Omg ........
Yes it is a great way to invest. Just dont chase yield. Buy high quality companies that continually raise their dividends.
Exxon has good dividends.
I do invest but only in the dividend king.
@@fighteroffuture1476 and aristocrats
@@zesolodar you are so right. And by doing so you can create an diverse profile. Great point you made. Thank you!
Yes. The dividend growth rate is very possibly even more important than dividend yield but there are many other factors to look at too.
Another example of Dave is great to help you get out of debt.Investing not so much.We all need to educate ourselves and do what best suite our goals and needs.
Agree.
Guarantee Dave has made much better returns on investments doing exactly what he says he does than you have. UA-cam commenters think they know everything.
@@jordanmadden7388 lmao yes he has made alot of money selling programs and running his business. just not my cup of tea for investing.Are you debt free including your home?I am and I used Daves program to do it.Dont make people your Deity.We all can chose diffrent things.Just not a zealot been debt free for 10 years.
@@jordanmadden7388
Listen to Ben Felix, how he DESTROYS Dave Ramsey’s investing advice regarding Safe Withdrawal Rate.
As Bluecollar said above, Dave gives great advice for the COMMON FOLK regarding general stuff (being debt free, lowering taxes etc). However, he’s NO EXPERT at stock market.
@@bluecollarbullionballer4269guy above is a boomer
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with *JENNY PAMOGAS CANAYA* , her skills set is exceptional.
I'm surprised you know her too, I've been making a lot of profit investing with her for a few month now. *JENNY* changed my life because of the high profits I got from investing with her.
There are REITS that pay monthly dividends. I started with those stocks and gave me the motivation to keep going. Seeing money come in monthly is very motivating for me.
Yeah... too bad most REITs have lost like 80% of their price value... which eliminates their dividend value
@@Izael1701 epr has not
@@Izael1701 I don't jump off while the roller coaster is going down. I load up my cash and get ready to buy at a discount.
@@JustAName-it5qp HAHAHA How long you plan on staying on that roller coaster? REITs have been losing their value for YEARS!
@@Izael1701 your statement still won't affect my personal finance decisions, if it's working for me, I ain't changing it.
Absolutely, allowed me to retire 2.5 years ago.
Tech stocks rarely pay dividends, with the exception of Apple.
@@MrMustangrick Tencent, Microsoft, Nintendo, Sony all pay dividends and are tech companies.
Ibm pays dividends and has a pretty nice yield right now
If you reinvest dividends to acquire more shares that produce more dividends to reinvest, it will compound on itself
That's what I do. invest money and dividend payouts get stacked with the money I put in and I keep buying.
And then you don’t have to sell equity in retirement. You just let the dividend payouts pay the bills. During a recession dividend stock holders living off the income are generally not too affected. Unless they cut the dividend
@@mountainmonkey15 I use ETF rather than individual stocks but I want to build something so when I pass I can give it to my kids.
@@dnah02 You can give any type of stocks to your kids
@@mountainmonkey15 I know but I want to build some my ETFs and if they want they can try out individual stocks. I like the idea of passing on assets.
I was advised to diversify my holding among several assets such as stocks and bonds since this can protect my holdings for retirement. I'm seeking to invest $400K across markets but don't know where to start.
For a successful long-term strategy, refrain from attempting to time the market and incurring unnecessary taxes. Stay rooted and concentrate on the long-term perspective!
I have been in touch with a CFP ever since the outbreak. With an initial starting reserve of $100k, my adviser chooses the entry and exit commands for my holding, which has grown to approximately $550k.
May I inquire about your recommendation for the specific professional whose services you utilize? I am currently facing several marketing challenges and would appreciate your guidance in this regard.
I've enlisted Stacey Lee Decker as my fiscal guide, and her expertise contributes significantly to the fiscal industry. Acknowledged as a reputable authority in the field, she holds a deep understanding of holding diversification. I encourage further exploration of her credentials. With her extensive experience, she proves to be an outstanding guide for those aiming to grasp the complexities of the fiscal market.
Stacey appears to be really knowledgeable. Her resume, educational history, and qualifications were all quite good when I found her internet page. She will act in my best interests because she is a fiduciary. I thus scheduled a session with her.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
I will write Sam Deymon an g-mail shortly.
@@OumarHajar That guy sucks. He cheats at golf and smells bad. I don't think he's showered in a month.
Terrible advice. Nothing wrong with dividend investing in stable companies.
It really is terrible advice. You can do both as well, I like a good mix of high growth tech stocks, and high dividend yield stocks. Some dividend funds payout monthly, who wouldn't want natural appreciation, plus bonus monthly income?
@@chimchu3232 yep. I do both myself. I have my dividend stocks and my index funds like VOO lol my goal is to live off my dividends.
SCHD
@@paulharsh78 I have that the dividend was good today
@@paulharsh78 yes I have that one in my M1 finance portfolio
"You don't need passive income" Oh okay... guess I'm just an idiot then.
Dave is uber rich worth $200 million and went BK before he got lucky and super rich.
passive income is not a baby step; thus it has to be a bad idea.
@@GuitarsAndSynths He didn't get lucky. He grew his business from a card table in the living room. Are you saying anyone who makes money is just lucky?
@@jimroscovius people in these comments are always so jealous
@@annasimons389 Agreed!! They're jealous that Dave grew his business from nothing, when they want instant gratification. Slow and steady wins the race.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new at this, please how can I reach her?
she's mostly on Instagrams, using the user name
Despite the fact that stock prices fluctuate, what is the best method for capitalizing on the current market? I'm still undecided about investing $400k in my stock portfolio.
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
With the help of an investing advisor, I diversified my $400K portfolio across markets, and I was able to earn over $900k in net profit from high dividend yielding equities, ETFs, and bonds.
Pls who is this coach that guides you? I’m in dire need of one
My consultant is Nicole Desiree Simon She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
They are both trying to make you work until you’re at least 60. If you can cover your expenses with passive income, then do that!
If I want to get out of debt, I'll listen to Dave. If I want to invest, I'll listen to Warren.
came back to this video just to say im glad you said this because i found a video of warren talking about dividends and was kind of discouraged by this video, cheers
Dave does nt have clue about advising on investment and taxation. His business his mostly successful because of a lucky smart hire.
100%
Combating the impact of inflation is one advantage of owning dividend-paying stocks. This makes them a safer choice for those who don't want to take on too much risk.which is the path i'm on to hedge the losses on my $350k portfolio, but are there any drawbacks to buying dividend stocks?
Well, one potential downside is that they may not offer the same rapid growth potential as riskier, smaller-cap stocks. So, it depends on your investment goals and risk tolerance. you may want to work with a financial advisor who can help with right approach.
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
@bastianrusso my partner’s been considering going the same route, could you share more info please on the advisor that guided you to such impressive gains
I've shuffled through a few advisors in the past, but settled with 'Monica Selena Park'' her service is exemplary and she's a genius in portfolio diversification. I'd suggest you research her further on your browser, sure you'll find her basic info.
Appreciate this recommendation, hopefully I can get some insight to where the economy is headed and strategies to beat inflation with when I hear back from Monica.
They absolutely are!! Own them stocks and get income from it without breaking a sweat?? That sounds amazing!!
They can be. Some dividend stocks obviously end up going under. However, long-term, blue-chip players like Johnson & Johnson, Air Products & Chemicals, Philip Morris, Realty Income, etc. can really add up if you're patient with them. I use them as "cherries on top," while putting most of my investment money into a few "bedrock" index funds across my accounts and holding some precious metals on the side.
Given reduced inflation signals and as the Federal Reserve has halted rate hikes, what are the best additions for a $500K portfolio to enhance the overall performance of my portfolio next year
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True, some folks employ hedging strategies or devote a portion of their portfolio to defensive assets that perform well during market downturns and such pointers are provided by engaging the services of market experts just like i did in 2019, amid rona-outbreak, and as of today, i can boost of a 45% enhancement on my $1m portfolio after acquiring assets recommended by my advisor.
*Sharon Louise Count* deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend looking her up to locate her online
I searched for her name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon.
Since April 2020, I invested in dividend stocks like OKE , PM , BTI, PBA , IRM, MO and few more .... I am very happy and its a passive income .
Dividend investing all the way 💯
Dave Ramsey advise on buying real estate and mutual funds are just two ways of many ways that folks can invest, he shouldn't make it sound like these are the only ways to invest just because it's worked out for him. There are many investors out there in this world who have different investment strategies that have done very well for them and they stick with those as well.
This is what has worked for the millionairss he interviewed....he needs to interview a new set of millionaires
@twin cherry He’s from the old school of thought… buy a house as your coffin to die in.
Exactttttly! Kinda like he is also dead set on married couples doing joint accounts only. 🤦🏼♀️ This ain’t 1950 anymore & that strategy isn’t right for EVERYONE. The key is to take your financial advise from multiple sources!
I’m not a financial advisor but personally I recommend ETFs over mutual funds because of the lower fees. Some people have no idea how much they’re getting robbed by these retirement fund companies.
Best answer I've seen so far! If worked for you great, doesn't mean the other strategies are bad (probably didn't even do a research about it). There is a guy called Luiz Barsi who amazingly came out from nothing in a poor country and last year at age 62 is received USD300K A DAY (yes, per day) in dividends, and I'm talking about a guy who was investing in a 3rd world country stock market (much more volatile), and consistently growth his dividend portfolio and passive income every single year. His portfolio worth billions, but he doesn't care because if a single day of dividends he can pay for his entire year of living. Good for him good for Ramsey, I like to understand different points of view, when they respect each others and don't think there is only one way to get there.
My grandpa makes millions every year from deviden only. He invested in stocks since he is 30's, he told me that he kept reinvested the deviden he received plus portion of his wages for 20 years,and it snowballed . In my country there is no such things as pension funds .
he makes millions from just dividend payouts? so he must have billions in the stocks ?
Lol....is ur last name Buffet or Munger?
@@jackmack276 just thinking out loud - maybe he means pesos or another currency ?
@@drewseaver4531 20 million in invested could earn you almost two million a year (10%).
@@drewseaver4531
It's because of compound interest and the increasing amount of shares from the dividends reinvested. Once your portfolio reaches 100k it will take you less and less time to make an extra 100k each year it's really cool
The blanket statement that you cannot pull any money out before 59.5 without taxes and penalties is simply incorrect. Please make sure you ask a tax professional.
Roth IRA is complicated and there may be a way for younger people to pull out some contributions but not earnings without having to pay if certain condition is met---having had the Roth IRA for a long time? Documentation?
but easier to draw on the Roth IRA worry free if you are older
I think Dave used a general statement, exceptions aside. As a general rule it is 59.5 and I think for the caller that is sufficient information.
You actually can withdraw your contributions from a roth ira without being penalized or taxed. It is only the capital gains and dividends that you can't withdraw before the age of 59 and half.
Thank you for stating that so perfectly so many of these financial gurus always forget to say that
Thanks for saying this. Never knew
General Motors doesn’t pay a dividend lol
Around may 2020 I thought they did even though it was posted at 2.18 or sun
They started back this year .. 2nd qtr I believe
Dude he was giving an example of how it works.
@@random-nz7dy I know just found it kinda funny that was the chosen example. I agree the obsession with dividends is a bit overboard
Personally I think anything that increases your income is a great thing. Also imo its great to have extra income sooner so you can enjoy yourself now. Dave seems deadset on just retirement, I want that AND more income NOW.
Thanks I was thinking about that . I’m in my 30s and don’t make a lot but have a lot cash and would like to start making generating income from besides my job .
Exactly. you should not have to have one foot in the grave before you're able to start enjoying life.
Peter Schiff had a nice point on that....and it's a big mood too. I prefer a higher level of savings rate, but I have felt deprived lately so I've switched to dividend etfs and short term treasuries (cause they pay a fat 5% right now), and I've decided that instead of DRIP, I'm going to YOLO my dividends to psychologically keep me motivated, even when my portfolio is going sideways or dropping in value.
To me (not retired) it seems that it's really important to make sure you have enough for retirement otherwise your life in retirement can really suck.
But I think if you are on track to overshoot your retirement, then it makes sense to invest in more dividend stocks so you can enjoy life in the present.
But to do that possibly at the expense of a secure retirement would be a bad idea, I imagine
@@thecurrentmomentim all for having enough for retirement, Max out IRA and put back maybe a little more etc. My main issue is this tightwad dont even think about investment outside of retirement idea Dave pushes.
Like theres nothing wrong with putting 5-10 thousand a year towards dividend stocks and reaping the benefits now. Could even help more at retirement as youll have hundreds of thousands in dividend paying stocks which in turn increases your disposable income.
1:49 it’s important to note that your contributions can always be taken out before 59.5. without a penalty, just not your gains.
Dividend investing most certainly is worth it, however its a very very long road of commitment and patience. Additionally you cannot spend the dividends they have to be reinvested to buy more stocks otherwise you will not benefit from the compounding effect which is crucial to the passive income goal.
Smart, responsible, and disciplined dividend investing is fantastic. That is what my wife and I do, and it has been one of the best financial decisions we have ever made.
Dave is infallible and His way was crafted after that of God and Grandma.
Would you mind sharing your Dividend investing? Thank you
@@diane261 Well-run oil and gas midstream companies are fantastic for dividend income. WMB and ENB are great examples. Limited partnerships (MLPs) can be even better, but you should never invest in these until you've researched the tax issues associated with them. MLPs are taxed entirely differently from normal stocks, and this can cause problems for people who don't understand that before they buy.
@@altratronic thank you so much for replying
@@ianklein3045 LOL
GM cut their dividend in 2019. Tobacco and health care stocks have enormous dividends right now. Same with oil stocks
Yes but not tell Dave that, not that he would listen.
Sorry Dave but im not waiting until I'm old to be rich
You could make a plan to be secure, like Dave says, and do more, at greater risk to get the lake house and the Lamborghini.
@Music Pro, exactly! Once old, one can barely enjoy one's wealth. You're basically living and working to make your descendants wealthy. I don't know why Dave does not understand this.
@@mikepaulus4766 that's the problem dave doesn't really say that. He just wants to you invest in mutual funds or real State and thats good but don't stop other people from doing other plans that can make them millions in a shorter time for example investing in single stocks that are good
If you can become rich when you're young, go ahead, that's great! But most people don't have the skills or connections to make enough income to become rich before 40, so their only realistic option is to invest their way into becoming rich in their 50s or 60s.
@@otrebla8944 You younger guys are in for a surprise. You get old fast. In the blink of an eye. This idea that you can't do anything when you're older is funny. To retired folks who are in better shape than the twenty somethings talking about health.
Take it from a man in his 40s.
I am stronger, leaner and in better shape now. Then I was in my late 20's early 30's.
Eat healthy. Force yourself to invest until it becomes uncomfortable to live. When you're entering your 50's. You will thank yourself.
"Don't need to get fancy" is especially what I heard at the end. Start with, then master, what you know first. Good question and super helpful answer!
My dad set up a college fund portfolio with dividend stocks. I didn't use it and it now gives me a passive income. I still pay income taxes but they are small compared my regular income. It not a bad idea but I would diversify as much as you can.
If you have 80 Quality stocks hard for you to lose your money
*DONALD NATHAN SCOTT.*
Solid option is investing into heavy growth (50%) and slowly move it into dividend ETFs over time. If you have 30+ years to invest you want to grow the nest egg and then even moving a portion into a dividend like SCHD to create a quarterly paycheck while leaving the rest in growth/index funds. Get the best of both worlds with a solid plan.
Dividends are like the best thing you could ever do.
Good Lord people…please don’t listen to Dave when it comes to investment advice. He’s great to get you fired up and giving you a good path to get out of debt. But once you’re out of debt, seek out help from a financial advisor that knows what they’re talking about.
Like the ones who say not to pay off your home?
@@donjohnson1416 Yeah…the ones that actually base investments and finance on numbers and math instead of emotions.
@@billybuttons4298 if they were doing math why would they pay interest at all?
How many wealthy financial advisors do you know? Isn't it strange how financial advisors aren't on the Forbes list lol
People who invest in dividend stocks usually don't understand dividends.
Dave didn’t give enough details about why not to choose dividend stocks. I’d be very surprised if Dave’s suggested mutual funds didn’t have top holdings in dividend stocks like Microsoft & Apple. Sometimes I think Dave is just trying to sell people on the mutual funds he recommends.
While I do like his advice for getting out of debt (&lots of folks need that!)… I’m not a fan at all of his one size fits all approach to finances and wealth-building. Diversification is where it’s at!
APPL is hardly a dividend stock
@@bobpelt False. AAPL pays nearly $15 billion in dividends per year, which is more than most companies.
GM has not been giving dividends since the pandemic started in 2020
Dave is not very bright when it comes to investing advise , mutual funds with 1% + expense fees after 30 years you loose a big chunk of profits
Absolutely! 💯
Most of my passive income comes from dividends and I plan on continuing to live off that once I'm either retired or God-forbid unable to work
I just had to retire at 62 because of a disability. Thank goodness I got smart after 2008 crash, and ditched the mutual funds where I lost 60%, and started buying dividend stocks. DRIP every share. Not wealthy, but those divvy payers are gradually adding up and when RMD time comes at 72 years old, the divvies with SS and allotted % required to withdrawal will make retirement easy.
I actually really like my dividend investment. It’s my inheritance from my grandfather who worked at a major company and it’s maybe 1/3 of my net worth but it’s keeping my finances strong through this recession
Creates generational wealth. Plus it come with a stepped up cost basis upon death.
You’re grandfather was a good man.
Dave “you don’t need passive income” Ramsey
Amazon needs to start paying dividends
Walmart too
@@elcheeko8402 Walmart does pay dividends I should know I worked for them but the stock sucks
@@elcheeko8402 uhhhhhhhh might wanna do some research
It already does Jeff Bezos gets the dividends
Not true you can pull what you contribute in a Roth IRA before 59 with out a penalty
I rather just say it is forbidden before 59.
There are funds like Dividend Growth or Dividend Achievers, with names depending on your mutual fund company. I like dividends and include a significant allocation to those kinds of funds.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states
You trade with Michelle Stewart too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Dividends are paying yourself with your own money.
Do you mind elaborating?
@@otrebla8944 You basically put it in a stock and it pays you in increments, unless the stock grows. You have to figure, if you put down $5k which seems to be the minimum for any good stock out there (1000 of $5 shares), how many years will that take to pay off with a dividend of even 10% annually?
@@wewhoareabouttodiesaluteyo9303 I guess the math stumped him so I'll answer... it would take about 10 years for you to recoup that investment. Do you have any idea how much growth could have been captured in that same time frame? For example, Tesla over half that time has returned over 930%...
So you can either wait 10 years for a return, or you can do what most do and hop on the growth train
@@mateus8676 some dividend paying stocks, if not most, have growth. Also, one's investment strategy matters. If you are young and want growth, then tech stocks are ideal. If you are older and want income, dividend stocks are ideal.
Lots of tech stocks are dividend stocks like ibm, apple, Microsoft, intel. They all pay growing dividends.
Right when he came out with GM as the example of a "blue chip" dividend company I knew this was going south.
JNJ, PEP, MCD
Ramsey should have mentioned that you can make up to roughly 80k/year in dividends as a married couple TAX FREE!!!
What? How?
unless your dividends are in a ROTH account.. the dividend income is NOT tax free on any other account!
Correct. Qualified dividends in the U.S.
ZIM
@@polster2 long term capital gains on qualified dividends are indeed tax free up to 80K for a married couple.
You can pull the basis of your investment out of the roth without being taxed. So technically you can pull dividend income equivalent to your roth contributions tax free
This is what I was wondering. Everyone keeps saying you can't pull your dividends/earnings but if you've contributed the amount that's equivalent to the interest you'll be pulling each month you shouldn't be taxed.
This is the same guy that recommends to go to a financial advisor that charges high fees. Out of all the great dividend stocks out there and he chooses Gm? Dividend stocks do work as long and you do your research, invest in quality companies and do it on a consistent basis.
Dave thinks his way is the only and anything else is just dumb.
I’ll take my dividends and pay a low tax bracket of 15%. I’ll take my chances on the snowball effect!
Dividends can end or get lowered, and some companies can fail no matter how long they've been around. I think only a small percentage of investing should be in high yield dividend companies.
Att good example they cut there dividend I half after over 30 years paying and increasing dividends
I have owned oil/gas and dividend achiever stocks since the 80s in high school with over $9k/mo. reinvested dividends currently in my retirement account with 60% invested..
Owned dividend paying REITs since the 90s.
Most I have bought when single digits.
I never had debt other than nine year mortgage though.
Had one or two stop dividend payout but it was understood then they restarted the stock a few years later but value still increase.
Had one REIT cut their monthly dividend in half two years ago but was understood and it was $600/mo. instead of $1200/mo..
Some non dividend stocks I have owned for years just started paying dividends the past few years like Apple.
Don't have to be high yield. Don't need to chase yields.
Just steady dividend payout automatically reinvesting monthly and quarterly.
Do due diligence and know what you are investing into.
All I know is if it wasn't for owning dividend paying stocks in my 401k automatically reinvesting,dividend increases,and stock/company splits through the years it would not have crossed 1.5 million in 2019 with total contribution of $320k.
I can tap into up to $8k/mo. dividends in my Roth and about $4k/mo.with pretax.
Currently tapping $40k/yr.. income from qualified dividends to supplement retirement income..
That’s why you buy dividend stocks that have a reputation for never cutting dividends. Like Coca Cola.
And thats why you diversify so that if one gets cut then it's not as impactful
@@suttsd
Yup.
Even when my dividends were cut I was still already up over at least 200% on the growth of the stock price.
But it seems many focus more negatives and hearsay instead of doing the due diligence and math.
I live off the dividends.
Why does David disapprove of passive income?!
It's awesome!
Hits his bottom line
@@vitawater4259 lol
Wait so I'm confused...if I'm in my 20s and I'm debt free, all set for my retirement plan, and have extra cash to spend, why should I not attempt to have passive income..? He didn't say why that's a bad thing. Doesn't that free up your time to be making even more money and saving more?
That was my thought process too. For whatever reason he has a view that anything that deviates from “saving for retirement” is bad or not a good idea. I say do anything that helps grow your income and helps you retire sooner. I personally will not wait until im 60 to cash in and live my life. Im going to reduce stress by increasing my income through dividends.
Dave's thinking isn't right for everyone. Create your own path.
I second this, worst case scenario maybe the dividend income won’t be life changing money but it can definitely help to provide another income stream to achieve other ventures
correction* you CAN pull all of your contributions out of a Roth IRA anytime you want. You cannot pull CAPITAL GAINS (profit) before 59.5. There is a huge difference
What is not spelled out is that some mutual funds nickle and dime you to death with various types of fees. The best bet is to invest in individual stocks across many types of industries and the dividends are taxed, but you do not pay management fees or assessments or whatever they call them.
You CAN pull the amount of money you’ve contributed to your Roth IRA out tax and penalty free, just not the gains
You can only pull out the money you put into it. Not the capital gains (as you said) but also not the dividends. But I would seldom tell that to people. It's supposed to be retirement money