At 48 years of age I have sent in my last mortgage payment. I have had no other debt for years, no credit card debt or car debt for at least a decade. Now I am no man’s slave. I have no master aside from myself. I can give as freely as I want, live how I choose, and disappear quietly. This race is over; here’s to the next adventure!🍻
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Just enjoying my meme day coffee out on the back deck with a view this week.
Yet another mountainous vacation paid for with dividends.
+1 to y'all for helping make this community strong despite the relentless, never ending push back.
Could you live off of that? If not, would you continue to DRIP into SCHD, or would you sell it for something else?
Taking an unofficial poll. For those that have avoided NEOS funds till now, does the recent acquisition change your opinion about investing in Neos?
I'm nearly 80-90% in Neos for my taxable brokerage, so I've never doubted them. Curious if having the institutional backing makes a difference for you now.
Well hopefully this doesn't change their funds because they were one of the only shops I found that had funds from different sectors, and different areas I wanted to invest in.
https://neosfunds.com/neos-investments-to-join-goldman-sachs-asset-management/
As far as I care, dividends are far superior for investors. Even a penny in dividends is better than zero.
McKinsey pro-dividend argument: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-strategy-and-corporate-finance-blog/share-repurchases-and-dividends-which-create-more-value
Morningstar on buybacks and shareholder yield: https://www.morningstar.com/stocks/why-total-shareholder-yield-matters-more-than-dividends
Decided to take a bucket list trip to see the fall foliage in New England. My accounts are currently up almost exactly the cost of the trip. I also am getting a couple thousand more than the trip from my weekly distributions. I hate to reinvest when the market is up.
So, I'm just not going to reinvest (forced sale withdrawal) and pay for my trip instead.
Getting close to retiring off dividends (@42, less than 3.5 years to go, I think that’s getting close?) and fine tuning my portfolio, would like a peer review on my holdings.
My total portfolio is as follows: retirement is 100% in VTI that won’t be touched for 20 years, 62% of my brokerage is in dividend growth (3.25% yield, ~8% five year div growth rate) the part in question is the other 38% that’s in derivatives/income.
Derivatives / income holdings
GPIQ, GPIX, OVL, ADX, QQQI, SPYI, MLPI, NIHI, IAUI, IYRI, BTCI, PFFA, IDVO
Total yield is right about 12%, 36k a year.
Downsides are i know im pretty heavily concentrated on NEOS funds and also pretty concentrated in the SP500/nasdaq but I like the strategies used by all these companies. Not to mention the ROC used by these funds will help me out a lot with my taxes
Doing the math this total blend would yield 52k a year at 6.25%. I’ve been tracking my spending and my average yearly spend is 42k, I will have other income (24k a year for 4 years)coming in from a sale of a business and 100k in a HYSA to use for downturns and emergencies so I’m fine with a 30%, hell even 50% cut in distributions from my income funds as long as it eventually recovers. The dividend growth portion should keep me above inflation.
What sectors am I missing here? I like to be well diversified. I was thinking adding CEFS and UTG. Any recommendations?
....for meme day today.
Hope your coffee is as hot and fresh as mine is this morning!
Who's excited for this upcoming week of dividend payouts and what are you looking forward to?
It looks like Main is making A huge comeback. It climbed from $51 all the way to $59 atm. If you bought the dips, you’ll be very happy. I see Main will be doing really good in the future. Don’t give up on it. Please tell me those that own this stock how do you feel about this stock. The dividend is amazing too.
Look at this absolute gem of a post over on Bogleheads:
https://www.reddit.com/r/Bogleheads/comments/1viy46n/retirees_love_dividends_but_the_stock_market/
Just get a load of this crap from the article (excerpt): "Stocks are spitting out a smaller share of their returns in dividend income, a challenge for those who lean on steady cash flows to cover daily expenses. The trailing 12-month dividend yield on the S&P 500 is now hovering around a generational low of just over 1%, after trending downward for much of the past two decades.
Such yields no longer outpace safe alternatives such as Treasurys or certificates of deposit after taxes. That prompted 75-year-old retiree Steven Yedlin to adjust his approach to dividends. He had been reinvesting his dividend payouts back into the market, but stopped doing so automatically. Instead, he is putting the extra cash flow into high-yield money-market funds or gifting it to his children".
Imagine being so wealthy and having so many dividends that you just hand the money out like candy. This literally proves our point that dividend investing is a solid strategy, yet the Bogleheads act like this is a "gotcha" article. They look at only the S&P500's dividend yield and no other fund, and they claim that treasuries or money markets are somehow better? LOL.
Thinking of adding the NETL reit etf to my portfolio. It has an expense ratio of 0.60% but in exchange: it holds 22 triple net lease reits, starting dividend of 4.6%, pays monthly, average dividend growth of 3%, and hasn't cut dividends. Already hold schh but looking to either boost reit yields or replace schh with this.
Hi guys just seeing what your thoughts are on the income/div growth sleeve within my total portfolio only 30%. Mainly chasing Div growth both in Aus(for franking) and international. Thanks