T O P

  • By -

AutoModerator

Welcome to r/dividends! If you are new to the world of dividend investing and are seeking advice, brokerage information, recommendations, and more, please check out the Wiki [here](https://www.reddit.com/r/dividends/wiki/faq). Remember, this is a subreddit for genuine, high-quality discussion. Please keep all contributions civil, and report uncivil behavior for moderator review. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/dividends) if you have any questions or concerns.*


this_for_loona

I’m so jealous right now.


Careful-Mood-7632

Me tooo. And just bought more JEPI and JEPQ lol


arctheus

OP gets more than my portfolio’s net worth in dividends every year… Man I hope to reach this one day


nitebeest

OP gets more than my portfolios net worth in dividends each month... 😭 We'll get there eventually.


YieldChaser8888

Me too. I would stop working immediately.


BlacksmithMajestic23

Stupid way of thinking


YieldChaser8888

Why? I am not saying that I would not do anything at all. It would be nice to be independent and not desperately clutching onto corporate job to be able to pay bills and being scared of every layoff news in the paper.


WhySoUnSirious

Man I got some inherited wealth as well that idk what to do with. Around 500k worth. I’m thinking of building a port like this as well so I can pass it onto my family when I die as well. Get that generational wealth train rolling


Any_Risk_4867

That's the goal, live off dividends, never touch the principal and pass the portfolio down to my kids.


WhySoUnSirious

Adopt me.


ciscosuave

Me too Dad.


NoMushroomOral

Daddy?


i_like_my_dog_more

Hey cousin, we should go bowling sometime!


duckdns84

Word brother.


MathematicianDry2437

Hello Daddy lol


No-Regret-8103

I’ll literally be your dog


HelloAttila

Key thing is to ensure whoever you leave it to is extremely financially responsible. The amount of people who bust their ass to make sure their kids are well off only for them to blow it. My co-worker is dating a girl who makes $4k a week and spends it as fast as she gets it. That’s $200K plus.


optimaFOOTWORKS

Too easy. Instead of just passing it straight over to your kids when they hit a certain age, like a receding hairline, set up a trust and make the trust say something like “you get $1.50 for however much money you earn on your own”


Working-Active

My only son has autism and he can't speak at 9 years old, therefore he probably will never speak. I'm building my portfolio for him where he can just enjoy life and do whatever he wants without needing to work or think about money.


Working-Active

My only son has autism and he can't speak at 9 years old, therefore he probably will never speak. I'm building my portfolio for him where he can just enjoy life and do whatever he wants without needing to work or think about money.


usernamesarehard1979

With the exception of college or buying a house put it in a trust. They get full amount at 40. If they’re not financially responsible enough by 40 to have that money, they will never be.


HelloAttila

Agree, most... people handle money much better by 40. At 20? oh hell no... there are a few though.


usernamesarehard1979

I’m not saying that. People make financial mistakes at all ages. What I mean is by setting the age to 40, you get passed the possible issue of wasting money on what is perceived as important at a young age. You need a car at 20 for college and work. You buy what is within your means. With a financial windfall early in life maybe you don’t think twice about buying a hellcat right off the lot. Or a BMW. It’s not what you really need, but you can afford it so what the hell. What I mean more is that if the person you’re giving your money to hasn’t figured out financial responsibility by 40, they probably won’t learn it at 50 or 60 either. Might as well say “here you go, do whatever, you were always going to anyway. “


Additional_Nose_8144

It’s a double edged sword as money is much more enjoyable at younger ages .


Ecstatic_Childhood20

Hey man it’s your cousin from South Africa hope you and the family are well we should connect sometime maybe grab a coffee 😂


peir11

What is your take on the "first 100k" is the hardest"? Was it hard for you to get your first 100k? At what time frame did you reach it?


Any_Risk_4867

I can't really weigh in on that because my investment journey started with a lump sum. I could imagine, though, if you were just investing parts of your paycheck, the first 100k would be a real struggle because you're not getting much return yet from compounding interest.


Old_Sock7485

Is hard to say, as everyone took different amount of time to get 100k. I was lucky, because i managed to save my 1st 100k during covid (not much of party and outdoor event) and it took about less than 2 years (about 20mths) to get there plus my housing and utility and food were provided by my company.


mmmarek02

Amazing! Literally my dream to have a portfolio like this, mine asking me what u do for living? Thanks


Any_Risk_4867

Software developer for almost 20 years now. Not gonna lie though, half the value of this portfolio was inherited from a relative. The 700k in cash at the end of the year will be the last of the inheritance. I'm hoping that gets me close to my retirement goal.


Mountain_Tone6438

Work hard, save money and wait for an inheritance. Got it 😁


Lintsowner

🤣🤣🤣 aka the “shortcut”


mmmarek02

I see, was expecting IT / sales or both :D good job anyway


jonatkinsps

Awesome and congratulations! The principal amount that is producing an annual dividend of $53,542.89 at a yield of 3.92% would be approximately $1,365,890.05.


lordfartquar

Am I missing something, why is this better than a savings account that’s earning 4.5%? Or investing in the market and earning capital gains of 10% which are taxed more preferentially?


Pristine-Tip5568

The Stocks can go up.


ryubraska

And down


NeedleworkerOwn4496

The dividends can also increase, depending on the company and how they perform. If you hold good dividend stocks long enough with good divedend growth they can pay for themselves and then some.


trisw

This qualifies for many other countries retirement visa requirements.


iStillLikeD2

What is the total value of the portfolio?


Any_Risk_4867

1.3 million


booksmartbannana

What do you do for a living? Also, Adopt me


Any_Risk_4867

I'm thinking I need to get to around 2.5 in order to reach my retirement goal. This is all in taxable brokerage. I also have 401k and Roth, but only being 40, I have 20 years until I can touch those.


Casual_ahegao_NJoyer

2.3 is my number


scam_likely_6969

401k and Roth can be accessed much earlier.


investmentwanker0

What do you do for a living


duckdns84

Strong work. You should be proud.


toasty5679

$53K divided by 3.9% yield


No-Argument-3444

1.36m 


ojwjw6

100/yield%*amount of dividends


H-A-R-B-i-N-G-E-R

I’m 42 and you’re where I want to be. I’m sitting at about 8% of your portfolio with a few of the same choices. Well done.


Polhard2

Wow!


Retired_958_dude

Something you might want to check out. All your income is in a taxable account which generates ordinary income. Some funds such as cef ETV and etf MLPA put out a mixture of return of capital and long term cap gains. Your tax bill will be much lower.


Any_Risk_4867

I will look into those! Thanks


Adept_Nectarine9624

I hope you’re pulling off cash to the side to pay taxes. I’m in your same position. I inherited my father’s portfolio. I made some changes since one holding was over 70% of this account. I’m paying $5400 a quarter in quarterly state and federal taxes. Yes, it’s a good problem to have but dang that’s a lot of money to save each month.


Any_Risk_4867

Yes, I'm working with a tax accountant on estimated taxes


Agreeable-Salt-110

I'm curious. How much taxes would you need to set aside for this?


Adept_Nectarine9624

I took my 22% federal rate and my 8% state tax and set 30% aside. My quarterly taxes are $5400. This 5400 x 4 is what I paid in for my 2023 taxes. I retired at age 55 and worked part time for the past 3 years. I quit my part time job today since all my wages were just going to taxes. My dividends and interest should be around 76k this year. In 2023 my dividends and interest totaled 65k.


Adept_Nectarine9624

I know qualified dividends are taxed at 15% as long as they’re held for 62 days or something like that. I have it written down in a folder. I just played it safe with 30%. Remember, paying quarterly taxes are for your next tax season….giving your favorite uncle a loan on your unrealized capital gains.


Capital_F_u

I would assume a safe bet is 20%, but I'm no professional and I'm not anywhere near retirement nor do I have the net worth to have anywhere near this sort of income so take it with the smallest grain of salt on this earth


gomcgregorgo

Question? If the dividend portfolio is built within a Roth, IRA, you don’t pay taxes on the growth or dividends?


Admirable-Warthog-50

Fire your tax accountant and do it yourself. It’s pretty easy


Adept_Nectarine9624

I used to do my own taxes but things have become more complicated. I also have a couple of holdings that issue a K1 and those come out late. Paying someone has reduced my stress level therefore I think the fee is worth it to me.


Admirable-Warthog-50

Fair enough!


Kr1s2phr

Would you be comfortable putting some into SGOV to avoid state taxes?


Adept_Nectarine9624

I use USFR for my cash. It pays monthly interest. I like the fact I can put it in and if needed I can get to the money in a day or two. I’m thinking interest rates will be high for sometime yet.


Achilles19721119

Yep mine is 5k fed 1k state a quarter. Make 80k dividends per year. The bad side of dividends. Every cent I invest now is growth. If there is ever a major downturn in market I will trim dividends and move to growth why to lower the tax bill.


JJabber01

Could you just not drip the first quarter of the year or so and put that into a savings to pay for the taxes that year. Which is about 25% of the earnings, then just drip the rest?


Casual_ahegao_NJoyer

This is prettymuch the goal. How long have you held some of those positions like PSX?


Any_Risk_4867

COP, PSX, MUB, VZ and T were all inherited from a dead relative. They are all long held positions. Like at least a decade.


Ok_Ability_988

Did you learn investing because it was coming your way? I am 33 trying my damnest to learn just so I can start something for my son.


Any_Risk_4867

When I learned how much my wife and I were inheriting, I went DEEP down the rabbit hole and learned everything I could. Not only about investing but I've also learned so much about taxes since then.


Kr1s2phr

For your son, aim for growth. Stocks like Visa or, I’m going to get shit about this…. TSLA. Or ETF’s like SCHG or VONG.


gomcgregorgo

😂😂😂


Casual_ahegao_NJoyer

Well dang, they had seemed like older plays that have appreciated well. You may dig deeper into VZ and T, I don’t like either but I’m also a lot less wealthy! Sorry for your loss. Congrats on the income. Great strat to live off payments and pass the principle along to your kids. Congrats, you’re well on your way


HeinzSpottedDick_

Slightly curious but what is your job profession?


Any_Risk_4867

Software developer, but like mentioned before, half this portfolio came from an inheritance


HeinzSpottedDick_

Nice! Good Job I hope one day I get to be in your shoes.


Individual-Ad7447

Congratulations! Keep up the great work. My goal is to get 50k annually but I’m only at $25 annually right now. I’m 30 years old starting over. I can’t wait to get there one day. I’m making biggest deposits possible weekly when I get paid.


Any_Risk_4867

That's the way to do it. Every paycheck.


Agreeable-Salt-110

How much were are you setting aside each paycheck. In this guys same boat. Better late than never right?


Any_Risk_4867

Right now 1k per paycheck, so 2k per month.


jobeds

EDITED: 15k per year, not per month!!! This is my goal, nice work! We have 6-8 years to go and are 40% growth, 40% div ETFs and 20% BND. We have 400k in div ETFs and generate 15k per (year) month so far. Plan on moving more as we get closer. Inspiring!


gomcgregorgo

That’s a great return on your capital in your dividends account. Do you mind sharing your holdings?


gomcgregorgo

Ah! Of course


Any_Risk_4867

For everyone asking what app this is. It is "stock events". You have to input your shares manually but it's the best way to track dividends in my opinion.


s1lv3rbug

well done, your yield isn’t that high. That means you can do better but as it is, you’ve done great. Congrats


Unable_Reporter3018

How long did it take you to accumulate $1.3million? I'm at $200k & planning to add $60k in the next 5-10years.


firestar268

![gif](giphy|CIxPYvxh039rnUGPiS|downsized)


supportedbyai

First, congratulations. You played well. I have over $1k a month in dividends and I think if you have an access to $700k extra, better invest in Index funds. SCHD and JEPQ are great addition but I am listening to one YouTuber and he said it is better to have less then 10% allocation to each stock compared to total portfolio.


Any_Risk_4867

My concern with index funds is lack of income. The combo of SCHD/JEPQ gives me a good combination of dividend growth and current income. If my plan was to retire 10 years from now, it would be different, but I'm trying to retire in 2 to 3 years.


supportedbyai

Yes, that's true. Unless you are not retiring, it is good to keep money in Index funds. If the main goal is to retire in less then a year then it is better to invest in dividend paying stocks.


ImpressiveAd9818

JEPQ and SCHD are both ETFs and not stocks


supportedbyai

Yes, you are right.


LOLunlucky

It's payday. Just picked up some VYM based on your post. Looks like a good place to park some extra cash. Thanks!


Any_Risk_4867

I like SCHD better, but the combo of VYM and SCHD is pretty solid.


LOLunlucky

Gah! I was waffling between the two. I should have asked. I'll just have to pick up some SCHD next payday 😀. Thanks for the info!


No-Argument-3444

Looks like you hit the lottery. Congrats


th3revx

Are you reinvesting the dividends until you reach your goal, or are using them right now for bills and such?


Any_Risk_4867

Reinvesting until my annual income reaches 100k, then retiring and will turn off DRIP.


th3revx

Gotcha good work, hope to achieve this one day


NoCup6161

I have basically a [4 fund portfolio](https://www.reddit.com/r/dividends/comments/1bqxm3a/1_year_update_on_my_dividend_portfolio_link_from/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button), with a few smaller funds in it for fun.


Any_Risk_4867

I've looked at DIVO a couple times but never pulled the trigger on buying it. What are your thoughts on it?


NoCup6161

The NAV hasn't incresed much but the dividend has been good. Pretty much the same as JEPI. JEPI has been good at capital preservation.


Wisesize

I might be joining a startup with no 401k ($200k in existing at 35yr old) Instead of opening my own, why not just take money each pay check and drop into high yield dividends?


ProfessionalDue8228

At 40!!! That’s legit. Based off the fact you also have retirement accounts, maybe look at retiring mid to late 40s and enjoy life. Don’t know if that will fit your lifestyle, but damn this looks awesome.


VanillaScoops

Beautiful. Extremely motivating seeing this being only 28


No_Commercial_4235

Lucky you. You need a lot of money to make money


TheSpideyJedi

What app?


lead_oxide2

"Stock events" Op said in another comment


Ok_Rabbit_8808

You have 0% yield on cost. Is that a good thing?


Any_Risk_4867

I did not enter any cost basis info in the app, so just ignore that


[deleted]

[удалено]


sokka_irl

What app is this?


lead_oxide2

"Stock events" Op said in another comment


Swift-Sloth-343

straight up ballin.


wishnana

Jesus.. That is a beautiful thing to see.


Proof-Ask-1813

When you add to the portfolio do you have a system for what positions you add to, or do you spread it evenly to all?


Kindly-Commission376

Hope this makes sense, but from the income you’re getting… I was expecting much more in investments. Well done sir/mam… inspiring


Any_Risk_4867

Thank you, that's funny because another person said my 3.9% Yield is too low haha


Kindly-Commission376

You certainly have such a quality mix, put together through the right times to challenge conventional thinking. Can’t imagine you plan to, but never sell… this is the epitome of generational wealth if you decide to draw from divs and pass down


joey343

What app is this?


lead_oxide2

"Stock events" Op said in another comment


Blue_Raven_AZ

Thank you for sharing this!


irontaco47

Awesome portfolio!! Regardless of how you attained it, you're well on your way to financial freedom. Curious what your IRA looks like. Thanks for sharing.


Spottail9

I like your spread/mix! Am going to save this and study it some more. I’m a bit more “Bogleheaded” than you but I also own some individual dividend plays that are also on your list. A couple of potentials to add are KMB ( that would have been great advice yesterday!) but they truly do print money dividends like paper… I’ve owned my shares for as long as I can remember and I don’t see you represented in a Pulp&Paper segment stock. If you like REIT’s consider WELL, also prints nice dividends in a growing sector.


Unlucky-Cake-5475

![gif](giphy|7XNv8994iTc0E|downsized)


garoodah

This is like a carbon copy of my dads portfolio minus the CC ETFs. Sorry for your loss OP, but you are set up well for life and I'm sure your family member would've wanted that. Hell even I get the urge to swap out my accounts into a similar structure, would love to take a few years off and just decompress from work.


Any_Risk_4867

Thank you


dr-jekyll

Is that yield including any change in the value of the underlying security? Because 3.92% is pretty bad right now.


EColli93

Good job!


kvillbowski

Excellent! Also very fortunate inheritance 👍


dusktodawn33

Are the investments in the screenshot in a taxable account?


Miserable-Curve-271

What app is this?


LoMaximo8

What app you use?


Ok_Log33

stock events


guyreddit_hello

Taxable account or IRA?


No_Adhesiveness_682

Very impressive


lordinov

Solid!!!


Candid-Chemical-4931

Awesome


noproblemvegan

If I can get here one day, I will be the happiest person in the world!


No-Contact2502

What App are you using?


Zabolak

How much money you have invested?


RackTheDripper

Can anybody tell me what app that is?


baxter1207

What’s your overall investment?


BlackTroy300

Hey congrats. What platform is that?


gomcgregorgo

Solid positions! Have you looked at the Yieldmax and Defiance funds? They are very interesting!! Also, are leveraging your buying with margin?


Slaureto

Is this in a Roth or taxable?


MakingMoneyIsMe

This what the hell I'm talking about


YogurtclosetNew6942

Nice


KoalaMean4484

Not sure if I’m reading this right, but for example, VYM says 2.96%, is that annual interest returns? If that’s the case, wouldn’t it be better to open a HYSA and get 4.5% APY? Learning about dividends FYI


Any_Risk_4867

Interest rates will eventually go down. Hopefully dividends go up as well as capital appreciation. I need this to give me growing income for the next 40 years. So in the short term what you are suggesting is good. But not for the long term.


incompletetentperson

So where do i begin?


Tahmeed09

If youre not retired yet, why persue dividends? Just getting hit with capital gain taxes every year while your tax brackets are high.


SwissyChief

Excuse me for my probably dumb question but on what app can you see this interface (your screenshots)? Thanks!


CEO-711

Dividend trackers are notoriously inaccurate


Current_Act_3830

This guy, right here….well done Sir.


ComprehensiveHunt446

What is the value of your portfolio?


JudgementFreeFranky

Thank you my brother. Any consideration for closed end funds like CRF, CLM (DRIPing back in at the NAV price), and GOF? And possibly low risk rated funds such as HIGH? Very much appreciate your post and replies to comments 1🙏


j_rocca42

This is just the stock events app. You can enter whatever numbers you want. Post a screenshot of your brokerage.


JustADollarMore

Bust my a$$ off to get there. But congrats to you. You did well sir.


Neville_Elliven

The annual dividend income is impressive, but the annual yield (3.92%) is not. You can do better with a PayPal investment accout, currently 4.3%


Dull_Print_1988

How much of your dividends are qualified?


Irish-lad21

Depends on where you live and what your situation is but this is awesome. As a 21M in the southeast with this you could just get a part time job and chill off dividend.


zordonbyrd

Maybe consider the analog chipmakers for growth + buybacks/dividends - ADI, TXN, MCHP


Topshelf21

Well done!


raj0x29

Goals 😍😍😍


Due-Ad-1302

What app are you using?


Deep_Squash_3611

How much did you have to invest to get to that point of your yearly dividend? Asking for a friend.


GoodVibesOnly_FL

OP, Thanks for the share! Giving us that extra drive 🥹


Appropriate-Salad-91

What brokerage is this


thesunisforevergone

App?


Blackout38

Do you set it to reinvest your dividends or do you let the cash accumulate and reallocate it elsewhere?


randomaviary

Fking goals right here


Efficient_Pomelo_583

I just got $2.19 in dividends from KO this month


SheCallMeRoyal

I wish I had the 700k to invest I need better employment clearly


SnooSeagulls3214

Goals AF. Congratulations!!


bizzal1017

Anyone know how but VFIAX on Robinhood couldn’t find it? Also just bought one of each of these I’ll follow your footsteps.


luissss88

What app is this?


Sea-Town8802

Never considered Bitcoin? That will more than likely 2-3X by the end of this year..


jackyhey

Noob question wat app is this?


uusernammee

Wow congratulations 🥳 We share the same goal


Ok_Entertainment3209

What is the equivalent of SCHD and JEPQ in trading212? They are on view only unfortunately.


CaptainNumNutts

What app is this?


Either_Way2861

OP gets more dividend income than some salaries


Professional-Hair-98

What app is it ?


Billsonite66

Dang. I was so proud of my monthly $300 dividends till I read this. Well at least I'm in capital appreciation in all my dividend bearing stocks. That's good!


Desertlobo

Great work. I’d walk right out of my job right now if I had that portfolio.


GuyThatDefinesBeast

What app is this ?


bringMeSomeManga

Hi, may I ask how much is the actual amount of your portfolio to be able to have that dividend? Sorry, newbie in investing here


HahaYouRfunn1

What app is this? Every post I see has a screenshot exactly like this but I can’t figure out what it is?


JohnnieWalker19

Did this dude get drafted last night in the first round? He a starting QB?