Working towards $1k/yr in dividends
I think I’m on track to do it way before EOY if I beef up a few more positions.. Any tips or stocks to think about for a bump?
OP how much principal invested?
this is only $5.8k
Wow! that is some yield!
You do etfs or stocks or both ?
this specific dividend portfolio is mostly individual stocks, aside SCHD
Just buy etfs ... unless you have at least a 7 figure port.. it's pointless to have a dividend port
I have another significant portfolio, wanted to start a dividend portfolio just for kicks to see what I can hit in a year
Look into tobacco stock
$MO is on the list for sure
Is $O also in the portfolio?
Why not jepi/jepq and chill?
wanted to try this portfolio out for fun to see how fast I can hit $1k, I do have SCHD in here though
Covered calls don't work very well in the long run. The underlying asset depreciates. Google/YouTube is your friend.
If you’re just looking to generate income, low risk option is SGOV— and most people can avoid paying income tax on the dividends. Also— What are you using to track this? Need something like this.
This app is Roi! And I have explored SGOV but didn’t pull the trigger yet, but I’ll look into it further
How can you avoid income tax on dividends?
Would you be willing to share your portfolio with us OP? 1k returns off a 5k portfolio is like 20% returns a year. That's pretty high.
With that yield, principal will erode, not sustainable
Look into preferred and emerging country ETFs
You were saying you are just having fun with this. If this is not a side project then avoid.. You will be paying a lot of taxes over time. Best way is to choose a growth stock or ETF so that you ain't paying taxes and every penny is preserved. I chose VONG
Keep this up and you will be able to take the fam to cracker barrel for Xmas dinner!
one can hope 🤣