u/MikeTheTank112

Hello everyone!
I look at this subreddit every day, learn a lot, discuss common questions and see other people’s portfolios. What caught my attention is how many posts are asking about advice for retiring with dividends. In my opinion retiring with dividends is the ultimate goal, but it shouldn’t be everyone’s goal right of the bat

Dividend compounding is a slow process and it requires a lot of discipline. Because of this dividend investing looks like it is not worth it in the long, but I disagree. I think the bigger issue for us, is setting up unrealistic goals for unrealistic time frames. Rather than having retirement goals from the get go, how about you start with small goals, like 1$ a day from dividends, then 2$, 5$, 10$

You can have a goal that one dinner a month will be bought with dividend income, one tank of gas is from dividends and so on. These small, but realistic goals will keep you going, will make you feel proud of yourself and will show you that all the investments and discipline is paying off. This will motivate you to keep going and enjoying the process

Another thing we don’t think about when it comes to retirement, is that maybe we won’t be able to replace work with dividend income, but maybe we won’t need to work as hard/long as before, maybe it will open doors for jobs that you would love to do, but can’t because of the offered salary and so on. This obsession that if we don’t go for the max, we aren’t doing anything is wrong in my opinion. Retirement also look very different for everyone, for some 40k a year is more than enough, for others 80k is not worth leaving work.

A great book I recommend is “The psychology of money”, it changed my view on investing completely. Happy 4th of July and have a great weekend! Remember, we all start somewhere, but how far we go depends on us

Hello everyone, curious to hear everyones opinion on SPHY. During all this market up and down, the share price has barely moved which is great! The yield is around 7.2%, pays monthly, the expense ratio is at 0.05%. Obviously it is not a growth product, but it seems to me like a good steady income generator. What do you all think? Curious to hear opinions. Thanks!

Hello everyone! Anywhere you look, it says that DIVO’s yield is above 6%. The only place it does not say that, is on DIVO’s own homepage. There it is at 4.78% and there is also something called 30-Day SEC Yield of 1.53%. Can someone please explain what is the 30-Day SEC Yield and are these both numbers combined the yield posted everywhere else? Thank you!

Hi everyone, I have a question related to how QQQI is taxed. If I understand correctly, the amount paid in dividends goes to return of capital which lowers your cost basis. Once it hits zero which is around 7 years, all dividend income is taxed as long term capital gains. Am I correct? Thank you

So I was talking to a friend about investments and sharing with him my portfolio and he asked why am I investing in dividend paying ETf’s rather than in growth. I explained it to him and got to the point were I said “Look if the yield is 4% and I drip those dividends and the stock price doesn’t move at all, my return is 4% if the share price doesn’t go up”. He told me I have no idea what I am talking about lol

Hello everyone. Interested in knowing if anyone holds SPYI and QQQI at the same time. I am doing some research about both and they are very similar on how they work and operate, but at the same time, they have so much overlap between each other. Am I missing something? Curious to hear your opinions

Hello friends! Was hoping you can help me figure why I can’t log in via the app on my phone. It keeps saying I need to update the app and reference code is CM. I tried deleting and installing the app again, I tried doing a forced update, nothing. Has anyone had this problem and resolve it? Thank you

Edit: It was working perfectly fine for months, it just started not working today

Hello all. Not even 12h ago I had my labrum tear surgery. I do not feel any pain at all because of the nerve blockers they used, but because of that I have very limited feel in my left arm and I also have difficulties breathing which according to the doctor is normal. How long is this being out of breath normally last? The doctor said from 12 to 24h, but Injust had some food and it felt like I ran a mile at top speed. Im trying to keep it cool, but this rib pain and shortness of breath is no joke