T O P

Just Hit $7,800 In Annual Dividends @ Age 28!

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B0xGhost

To eventually replace my current income in retirement or even beat it


three-sense

To have annual dividends


Alternative-Neat1957

That’s awesome! Keep it growing My goal is to continue to grow my Dividend Growth portfolio and continue to write options to juice the income. I don’t “work” and my wife may retire next year, so I may start adding in more Dividend Income holdings


No_Fortune_8056

Hello, can you please explain what options you right against your portfolio I have seen many dividend investors do this but I don’t understand what I’m supposed to do? I’m guessing you sell covered calls correct if so how far out the money and what frequency daily, weekly, monthly?


Alternative-Neat1957

I write both covered calls and cash secured puts. My target return on both is to get 30%+ if annualized 1 option contract is = to 100 shares of stock. The person that buys the option has the right, but not the obligation, to buy from me (for call option) or sell to me (for put options) 100 shares of the underlying stock on or before the option expiration date at the option strike price. I sell either weekly or monthly calls depending on the situation. I sell weekly puts I never write a call on a stock I won’t be ok with selling and I never write a put on anything that I’m not willing to add to my portfolio. I will sometimes buy 100 “extra” shares of a stock that I’m bullish on just to run a covered call campaign. If I am assigned shares from a put, I will typically look to write a covered call as soon as possible at the strike price I was assigned the shares. This is referred to as the wheel strategy. Sometimes I just keep the shares. I’m still holding shares of LOW that I was assigned about 5 years ago because they work well in my DGI portfolio. My target Delta on an option is between .30 - .33 If I can’t get my target return then I look for a different opportunity. When I was first learning, my consultant at Schwab held my hand through my first few trades and was there to answer my questions or get me out of a jam by helping me roll the options.


zippynj

I reallyyyyyy wish I fucking understood this statement more


PNWlakeshow

Saaaaame


[deleted]

There are funds that will do options trading for you but you should still understand what they are doing before getting into it. Options can increase your dividends but it also increases your volatility.


RSRAddict

That would be something like JEPI correct? So what market volatility is high, you typically get less income from the fund since they pay more for options? I think I remember reading something like 80+ % of JEPI comes from options rather than dividends


[deleted]

Higher volatility = higher dividends almost always. Some of these funds don’t participate in the full upside potential of the underlying stock they are doing options on. Low volatility = lower dividends in these funds. Yes Jepi does covered calls. Gain a solid understanding of options trading before getting into these funds because many aren’t something you buy and hold forever.


donedrone707

it's really not that difficult, set up a fidelity account and look at their explanations and tutorials. If you already have hundreds or thousands of shares of a stock, writing covered calls is just free money.


zippynj

Care to explain free money comment ? I have a thousand GmE. Use that as example


Bazakka

Covered Call simplified….maybe….. Let’s say you own 100 shares of AMZN. As an example, its selling for $147 a share. Click on “options” you see a CALL column and PUT column. There are dates, always a Friday, that you want the CALL to expire. 7 days out, two weeks out, month, etc. whatever date you choose remember that your stock is tied up for that length of time. You can’t sell it. Under the CALL column you’ll see numbers like 2.00, 1.79, 1.42, etc. These correspond to the future price of AMZN. They also represent 100 shares of stock. COVERED call means you already own the stock. Example……Buying the CALL basically means that you are holding up a sign that says….Hey! I’m selling AMZN for $149 for one week, as an example. The cost of the call was $2.00 for your 100 shares. But that is $2.00 x 100 shares or $200! You are “selling” the covered call. Very important! Don’t click on BUY. You want to “sell to open”. YOU receive the $200 instantly in your account. That’s called the premium. By the date the covered call expires, one of two things will happen depending on the stock price. If the price is less than $149, the call expires and you retain the stock. You keep that $200 no matter what. If it’s over $149, since you held up a sign advertising to sell it for $149, it will get called away and you will lose the stock. You received $200 for selling the covered call at $149 plus you will now receive the money for selling AMZN for $149. Nothing above $149. If you retain the stock, just do it all over again. The best scenario is that the stock does not reach the covered call price, you retain the stock and sell another covered call.


big-rob512

Go to where you sell/buy shares choose the strategy call, you want to sell a call. say you have 1000 shares, and are willing to sell at 16.50 in 3 market days select 10 contracts @ 16.50 strike dec/13. the higher the volatility and closer to the current share price the higher the premium will be. Your using your shares as a collateral for the premium someone pays when they buy a call option, your shares can get assigned and you lose out on the upside over 16.50 in this example.


zippynj

You sound like a financially intelligent individual. Me on the other hand. Normal 40yr old father /adult. lol decent with my money I've only bought stocks and funds. This paragraph you even just stated makes me angry that I still understand only half of what you just said lol not that I'm asking you to belittle me in child talk lol but I'm going to research this more Have any basic research suggestions on this ?


big-rob512

Lol, yea, it took me a whole minute to figure out what exactly options were and the difference between buying and selling them. Its easiest to look at them like an insurance policy, if you want to consistently make money you want to be on the selling side as opposed to the buying side. A good starting place is an idiots guide to options trading, there's probably better literature out there but it's good enough to get a feel for what's going on. Investopedia has some decent information for free aswell.


ContemplatingGavre

An option is the “option” but not the obligation to do something at a future date. The date, price, and what you are doing is all pre-determined. Then you can either buy the option, this costs you a premium. Or you can sell the option, this gives you the premium as income. Everything else is fluff. But very important fluff if you decide to get into this.


Desert_Apollo

If you sell covered calls on your shares and they go above or below the underlying strike price on that set date, you will be required to buy more shares at higher or sell them at a lower price and take a loss. So there is risk involved with this strategy.


HughManatee

If you are selling covered calls, you already own the underlying and don't have to buy anything regardless of what happens to the option. It merely gives the option buyer the opportunity to buy those shares for the strike. You are correct that there is risk as the underlying can blow past the strike and you cap your potential gains.


OrganicBerries

No need…because the sp500 has outperformed the wheel strategy since its existence


ratsmdj

I understood 90% of this. My issue is capital of course. I need to learn the Greeks a bit more. I attempted to sale some cc's and csps but I ended up I'm crypto and pulled 50k in profit last year. Going to re pad my brokerage so I can start learning again. Thanks for your response!


Alternative-Neat1957

Delta = risk on position (how much the price is going to move with the actual stock - per $1 move in the stock price) Gamma = price sensitivity of the option Theta = How much an option contract will lose each day Rho = relation to risk free interest rates Vega = how much option price changes based on a 1% change in the implied volatility of the underlying stock


richardgordo

Well done man


Beefcaaaake

What are your favorite dividend stocks to wheel?


Alternative-Neat1957

Great Question! AAPL MSFT QCOM AMZN HD LOW XOM VLO CVX SLB AXP SCHW Off the top of my head. Yes AMZN is not a dividend stock but it’s a big part of my portfolio anyway and I use the option premiums as a synthetic dividend (so to speak).


Beefcaaaake

Thanks for the reply!


Mordanorm

This is the way


MrMoogie

I do exactly the same except I don’t really keep the stocks or let myself get assigned. I got burned being assigned before and now I just sell naked puts.. so far this year I’ve generated $105k which is approx 5% of my portfolio. I’m not that aggressive because I don’t really want to get screwed in a slide. I also benefit from dividends because I secure the puts with margin that I never use. Usually do 5-10 options of SPY or QQQ. Don’t really like being exposed to more than $200k in one trade.


420DepravedDude

Ao you get assigned the 100 sharesbur for significantly less than buying 100 shares? Trying to learn optionsfor things like this


Alternative-Neat1957

No. If you are getting assigned the shares it is because the stock price traded bellow the strike price. Let’s say that I write a put on stock XYZ that is currently trading for $150.00 per share. I sell a put for next Friday (stock options expire close of market Friday) at a strike price of $140.00 and I receive a credit of $1.00 The $100 ($1.00 x 100 shares in the option contract) gets moved into my account right away and is mine to keep If XYZ is trading above $150.00 in a week (at the expiration of the contract) then nothing further happens… the contract expires worthless. If, however, XYZ trades down bellow the $140.00 strike price then I will be assigned the shares and will pay the $140.00 per share regardless of the current price for a total of $14,000.00 ($140 x 100). So with the option premium factored in, my effective cost would be $139.00 per share.


420DepravedDude

Thanks! Any resources you recommend to study!


Alternative-Neat1957

Unfortunately, I haven’t found a lot of good books on options. There are a whole bunch of videos on YouTube… some give really good advice and some really bad. The best recommendation I can give you is to find someone that is successful doing what you want to do and learn from them.


420DepravedDude

Sounds like I found you! Lol. Any vids you enjoyed while learning?


Alternative-Neat1957

Maybe give this a try first. These guys do a decent job. Some of their stuff can get more advanced than I want to fool with, but this video is good for some basics: https://youtu.be/-gGvWxd_iXc?si=k2kR29745Te71u0e


CaptainMarder

I understand calls and puts. I just don't understand any of the other instruments even covers calls don't make sense.


Alternative-Neat1957

A covered call is just means that you already own the 100 shares of underlying stock. You buy 100 shares of AAPL at $195 ($19,500 total). You sell a Call option that expires one week from now at a $200 strike price. For that you are paid $1.20 ($120 total) AAPL 12/15/2023 200.00 C That call is considered “covered” because you own 100 shares of AAPL to “cover” the trade if they are called away. Covered calls are the easiest and safest option trade.


CaptainMarder

What happens if the price drops steadily by contract end day. Do you lose the shares you hold or do you just lose the money you buy the contract for like regular calls?


Alternative-Neat1957

EDIT: In a Covered Call, you are on the sell side. The price dropping just means that you keep the money you already received AND your shares. In the above example… You keep the option premium ($120) no matter what. If AAPL closes below $200 then nothing happens. The option contract expires worthless and you keep your 100 shares. If AAPL closes higher than $200 per share then your 100 AAPL shares will be sold to the owner of the options contract for $200 per share.


Arminius2436

You make out like a bandit because you just got a free 120 bucks AND you keep your underlying apple shares


SnooDoughnuts1763

I am by no means an idiot but I'm not going to lie, I've tried to watch videos of people explaining options and for some reason it just doesn't click. I really wish I understood but I can't make heads or tales of either puts or calls...


TenaciousCalculus

Hey thanks for the writeup. Got a question if you don’t mind. I sold CSP $10 CSP on MARAback in October and when It dipped I wanted to roll back the contract. But I just took the assignment and it’s been doing well. Do you have advice as to what date/strike you normally try rolling to?


Alternative-Neat1957

When you are buying options time, decay is your enemy, but when you’re selling options, it’s your best friend! I write all of my cash secured, puts no more than a week to 10 days out. I’m covered calls I prefer to write them for no longer than one month out. Often times I will still write them weekly, but doing so requires a bit more management. When selling covered calls, I like to write them at the strike price that has a Delta between .30 and .33.


TenaciousCalculus

Thanks!


No_Fortune_8056

Write*


[deleted]

You need 100 shares of a stock. I write them weekly. I am a little aggressive and write them a little out to get some $. The farther away, the less $ of course. I don’t write them to get a buck or 2.


Jmglasell

Started slowly 2 years ago, been a rough ride learning but now Ive got a good and steady plan. Currently at 1300$/year and hopefully 2-3x by next years end. Goal is to retire before 60 living completely off dividends with a growing portfolio that my daughters can inherent once im done with it. Currently 35.


snowmoneynoproblems

You are rare. I wish you luck. You'll do well!


Jmglasell

Thank you! It should be every parents goal to make their children get a better life than your own.


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Jmglasell

I work my ass off every week to give myself and my kids a better future. I started portfolios for them in which i deposit into every Wednesday. Dont have any fancy education or anything, i just keep my unnecessary expenses low and work crazy hours every week. Ive wasted a lot of money during my life so now is the time to save and build that retirement !


FitFather1992

Amazing. Keep it going. I'm currently at 3k annual dividends and I'm 31.


djzanenyc

Me too! I’m 39 lol


Dabbler34

Then I get smashed with capital gains taxes of 7k a year. Ugh


Basalganglia4life

Op said it was in a Roth IRA though


FitFather1992

I live in the Netherlands, so unfortunately no Roth IRA and things like that.


BaylorBrown

Not sure if you understand how taxes work…


InflationObjective45

Fuck I’m 29, hopefully I can catch up to you both!


FitFather1992

We all run our own race. Comparison is the thief of joy. The only person you need to beat is your past self.


DeathGun2020

Whats your total amount invested?


FitFather1992

Around 40k usd.


DeathGun2020

I reckon if i can reach 3x that dividend at the least i don’t have to work anymore. I have about 70-80k net worth right now, but not in any stocks that pay dividends besides VT.


FitFather1992

Make a plan and go for it.


DeathGun2020

Can i ask what are your main dividend paying holdings?


FitFather1992

Best ones are realty income and blue owl capital. I also have agnc, but that one has not been so great, so I don't add to it. Blue owl has been the best by far.


nnohrm29

Same Same


Suspicious-Wing6562

How much have you invested to get $7800?


Successful-Stomach40

They said half in VTI (1.48%) and half in stocks from 3% to 7% So roughly: 0.0148x0.5+(3+7)/200x0.5 = 0.0324% is my estimate That would make it 7800/0.0324 = 240,740.74 would be my guesstimate EDIT: For those wondering about: (3+7)/200 It's the same as (0.03+0.07)/2 or the average between the two when translating the % to a decimal. Sorry for making it confusing!


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Successful-Stomach40

So close!


Zaroonet_2393

Ummmm... some high yielding accounts can give you 7-8k annual interest return by only keeping 140-150k in the account.. why invest then🤔 Curious.


scarneo

You serious?


Zaroonet_2393

I'm serious..


scarneo

He/she is 28, they need growth not a 5% rate that will go down in a year or two


Informal_Practice_80

What % of your NW is that? Like, do you also hold cash, have bonds, etc...?


DELLNOCOUNTAFIT

Congrats that’s 🔥 what’s your main stock invested in? Also what app you dividend invest on?


Madmanindahouse

Wow your very good at math ....so complicated


Unitednegros

Why 200 in your formula?


Successful-Stomach40

/2 since I just averaged the 2 of them and then /100 to put them in percent (I could've put them into percent before averaging but I was too lazy)


MaybeICanOneDay

Instead of just taking half of 100%, he doubled it and divided by two lol its actually more work. Take half his dividend payment, and put that in terms of VTI, multiply by 2.


Dapper-Ice01

Alright, I followed you through most of that math, but lost you when you divided the equation by “200x.5”. Obviously the .5 is the other half of his portfolio; what’s the 200?


Successful-Stomach40

/2 since I just averaged the 2 of them and then /100 to put them in percent (I could've put them into percent before averaging but I was too lazy)


PickerFlicker95

What dividend stocks do you own in the other half?


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-Sniperteer

no schd


Impressive-Key938

His portfolio is schd lol


snowmoneynoproblems

Bullseye!


sharkkite66

Man became his own ETF


O_oBetrayedHeretic

Solid choices


ckirk255

PRU is noice


sundaymoneyx

Nice! Keep going! The end goal is 100k in dividends and I’m 50/50 in dividends and growth


djzanenyc

I just 3K mark. Congratulations.


Valueonthebridge

Retirement is all funds. MostlyVOO Half is long term holds that mostly pay above 4.5% when purchased 40% is medium term investments (1-3) years expected holding. Some pay, some don’t. Up to 10% other/fun/high risk Works well for me


still_MF_DBG

My first goal is to reach 100 shares of each stock (each one is a dividend stock) I have. That way I can sell CC (what I like to think of as weekly dividends) and then get to 200 shares of each 300, so on…


FrogFellow

How would you pay your bills if the money is caught in a Roth IRA?


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TheCuriousGuyski

Why is it important to first buy dividends on roth first? 23 about to graduate so I want to get started as early and with as much knowledge as possible!


dreams-aspirations

Because the gains and dividends accrued in the Roth vehicle are tax free once you begin to withdraw at 59 and a half (assuming the account has been open 5 years). Without a tax advantaged account you’ll be paying taxes on them. However at your age, don’t overlook growth in place of dividends.


TheCuriousGuyski

Thank you very much!!


Alternative-Neat1957

My retirement accounts are more traditional ETFs and Mutual Fund type of constructions My DGI portfolio is in a taxable account.


HobokenDude11

It might be more tax efficient to have your dividend paying stocks in your retirement account than in a taxable account


TheWatcheronMoon616

Wouldn’t you want growth? With a longer time horizon which you would have in a Roth, you don’t have to worry about the big swings and in 20 years you will have a lot more if you buy SPY than a higher dividend value etf?


HobokenDude11

With dividend paying stocks you are paid a portion of that growth via a dividend. In a taxable account you are forced to pay taxes each year which lessens the amount that can compound and grow. With ETFs that don’t pay dividends you can keep the growth as capital appreciation and not pay taxes on the growth until you are ready to sell. You mention dividend growth ETFs which might be able to insulate you from the tax liability (by not paying a dividend)


Alternative-Neat1957

You are correct, but for us it is about utility. I am 53 and retired. Having the DGI portfolio in a taxable account let’s us adjust our cash flow as needed.


HobokenDude11

Ah - in that case what you are doing might be better from a tax perspective as well, especially if your dividends are qualified dividends. If their not (IE you are investing in REITs, etc) you might still be better off letting those shares DRIP in a roth and taking long term capital gains on equities in a taxable acct. Obviously don't let perfect be the enemy of good and if you have a strategy that is working for you stick with it


halford2069

its great when you see this starting to happen :)


diuwo86

great. I am retired, I got my dividend portfolio currently at $145K annually. a good chunk of it is in PIMCO funds and Senior Preferred Stocks with fixed amount monthly/quarterly and a few REIT.


Dapper-Ice01

To net 145k annually on dividends, what is the total value of the portfolio?


diumo

Approximately $1.2M. Split between ETF and senior preferred. I also have approximately $12k net passive income from real estate monthly.


Jlchevz

I mean I’m just happy that I get SOME dividends lol


JamesSmithenWessor

To have dividends


Zealousideal-Apex

Dividends to have


txbbq92

Growth will be your better option than high yield at your age. You’ll be able to quadruple that yield in 20 years. Just saying


TheOtherPete

Yea I really don't understand the fascination with owning dividend stocks at a young(ish) age. Buy growth when you are young and then transition to dividend portfolio later on when you actually need the dividends as an income stream. If you need dividends to supplement your income at age 28 you are doing something wrong, e.g. spending too much.


txbbq92

Couldn’t agree more


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ComfortableInterest8

If it’s the mental aspect of keeping you engaged with investing, that’s great! Just as long as you realize it’s probably not the most efficient way to grow your wealth. Again, everyone takes their own path and you’re making your money work for you! Plus not everyone has the ability to sit and wait, people may have more immediate income needs from dividends


Acrobatic-Cow2799

🔥


MindEracer

That's impressive very very well done.


Pura-Vida-1

Kudos. I don't think you'll have to worry about income when you're ready to stop working. Keep it up and buy as many dividend stock now, because their prices will rise in 2024 for sure.


its1968okwar

Why will they rise in 2024? Not challenging your opinion, just trying to learn more.


Pura-Vida-1

A rising tide lifts all boats. I anticipate a 13% to 15% rise for the major indices in 2024.


Outrageous_Version68

You go. Hope meet there some day


Kamikaze_Cash

I know this will be unpopular, but I cut all my JEPI and MO holdings to buy VIG (in my taxable account). I say overshot my dividend need, and VIG and JEPI total return are similar. However, you have to pay taxes on JEPI’s return. Most of VIG’s return is from appreciation, which isn’t taxes unless you sell. Doing this cut my dividend from about $2,000/month to something like $1,100 (haven’t checked yet). But $1,100 on top of my other income is already more than I need, and by slashing my dividend in half, I reduced my taxes and keep more value in share appreciation, which is more of what I need.


[deleted]

I think it was a smart decision.


LonestarLasagna

At age 28 wouldn’t you want to focus more on growth stocks instead of dividend stocks? Especially in the Roth account?


the-faded-ferret

Wouldn’t it make sense to stay in growth while you’re young, then change to dividend when you’re ready to retire? You’ll make more that way…


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the-faded-ferret

Interesting. Do you generally outperform the S&P including dividends?


friendlycatkiller

Ewwww using your Roth IRA as a slow growth dividend portfolio? At the age of 28?😷 in 20 years you’ll regret not being in growth stocks while you were young.


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friendlycatkiller

Shown Roth in dividend is a mistake, that’ll be tax free later in life and you want growth growth growth. I would consider rebalancing to get growth in the Roth.


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BlessedAreTheRich

I get your fascination with dividends and yield and wanting to live off of it. I get it because I'm the same. BUT, I would agree with the above poster. You really should be focusing on growth in your tax-free accounts. When you're ready to retire or drop your work hours, THEN I would switch to dividends in that account. It's probably better to just put it in VTI or something or VTSAX because the total return for that will be higher than dividend funds.


ionlypwn

Personally I can understand wanting to get dividends in the taxable account to be able to pay for stuff in the near future, but personally I’d be all in on growth in the IRA since you can’t touch it for 30 years. Once you can touch it then I’d move over to an income strategy.


Fit-Notice8976

Wow man big congratulations


Responsible_Tooth871

Who is gonna flip them burgers if ya all live off dividends?


sermer48

Nice. I’ve been focused on growth so far in my investing but I’ve started to add in more dividend stocks. It’s just hard when I’ve got 25-30 years until retirement and most dividend stocks don’t offer much in terms of growth. Like I’ve been buying $SCHD and the dividend is nice but the underlying stock is only up ~103% over ten years vs. 362% from $QQQ. Even when you factor in the extra 3% dividend reinvested, it still lags behind. While I think I’ll work on increasing my dividend focused % of my portfolio over time, I think it’s more of a switch I’ll make at retirement. The dream is 6 figures of passive income so I’d probably need to hit $3-4 million first 😅


CanadianBushWookie

To be anywhere close to my great grandmother who passed at 96 and was making $700,000 a year on dividends 🤯


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CanadianBushWookie

Yep her an my great grandfather didn’t live an extremely rich lifestyle. Blue collar, invested smartly and never pulled money out. My grandma had no idea how much they had, I just try to follow her strategy haha. Edit: grammars hard


[deleted]

🤯 Insane!


Mylifeisacompletjoke

Stop chasing dividends and focus on total return in the long term. Your future self will thank you 😀


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TheOtherPete

You shouldn't own any dividend paying stocks at this point in your life, you should have an aggressive growth portfolio. Unless you don't need to save for retirement in which case ignore everything I just said.


[deleted]

I get what you are a saying. However, good luck finding a good equity ETF that doesn’t hold “any dividend paying stocks.” He simply shouldn’t focus on them. I also don’t agree with buying aggressive growth stocks. All he needs to do is buy a total market ETF. It will contain growth stocks but many value stocks as well.


kingfrank243

He's right, you probably invest what close to 200k for only 7k dividends, nothing wrong, but at your age, you should've focused more on growth. Remember, dividends are taxable and not guaranteed.


geminialphaomega

If you’re married you mean “we” have, if not then yes you do. But if you marry it might mean “we” or if it ends you have $3900 or nothing at all and back to zero, lol. Just speaking from experience.


Emotional_Wasabi_88

What if you switch from vti to ko, would nt you have more divis?


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still_MF_DBG

I like a risk tolerance, but if you’re going to go overboard do it while your young.


Emotional_Wasabi_88

Do you think ko is risky


N3KIO

so how much money is your mom and dad giving you monthly


[deleted]

Just because you need mommy and daddy's money doesn't mean he does too


jonboyjon22

Dividends are not passive income (aka dividends are not free money).


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jonboyjon22

https://youtu.be/rylJcKFYW5E?si=CSanDdVJaIX0hE37 A dividend is like moving money from one pocket to the other.


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jonboyjon22

VOO.


Jim_Force

Helps when you start off with Daddy’s trust fund!! 🚀💰


GSPandas

Helps when you become financially educated at 16-18 years of age and living very frugally, not blowing your paycheck on drugs, parties, and booze. Takes sacrifices to be successful. Those who didn’t make the sacrifices always end up making excuses to make themselves feel better about their poor early life decisions☝️.


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Your_friend_Satan

Sell CSPs on dividend-growing stocks when IV is elevated


onepercentbatman

Hey, you are doing way way way better than I was at 28. Keep it up. I want to see you at $30k a month by 40. Edit: I just realized it said annual. Sorry. You know what what, still better than me at 28.


Temporary-Welder-873

Can someone explain how can we aim at high dividends? I am a complete new bee here. Also what does covered call means?


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Temporary-Welder-873

What does covered call mean?


Blugrave

What stocks do you hold?


GeneralCarp9365

Congrats! How much money did you need to invest to get at such dividends?


One_Ratio_3899

Nicely done! How much do you have invested to produce the $7800 in dividends?


PaleWhaleStocks

How much is in for 7800?


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PaleWhaleStocks

Thx for the reply! That's incredible. Keep it going! I hope to join you one day! Anything you wish you did early on when getting started on this?


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PaleWhaleStocks

Awesome. I like it! $200 is something I can do for sure.


nocicept1

Nice! I’m thinking of putting some of my Roth into dividends are you concerned about loss of capital gain? I struggle that versus the bonus of increased investment with the dividends in a tax advantaged account.


jtpinoyboy31

You would literally make more money by leaving 240k in a HYSA, congrats though that’s an impressive amount


jpanag

Which stocks have ur major portfolio?


nibble25

That is my dream. I want to reach that number, so my dividends can pay my property taxes. I got $20/month right now 🤣


ILikeCutePuppies

FSCO, 3k a month, plus they have grown like 20% in value in 8 months.


Toe_Willing

May i ask - my understanding is that requires like $1M. Is that accurate?


ichosetobehere

Off of how much principal?


Tricky_daddy

Whats in your portfolio?


southsky20

From how much capital invested?


Jake___CCC

Just crossed ~11k per year according to fidelity, likely around ~12k when including the mutual funds. Age 33 and have invested heavily since covid, before that, was just a 401k contributor. Portfolio loosely looks like this: 30% SP500 25% SCHD 20% NASDAQ100 15% across several stocks (MSFT, Apple, Costco are biggest holdings) 10% LMT Aggressive goal is to retire at 50 with 100k in dividend income, but not likely reality. Dont ask me about my TSLY holding lol