Current Events > My dividend income is slowly picking up. Good sign of things to come

(+) Yeah! (+)

Previously, I just happened to have a few shares in stocks that offer dividends, but I never really invested in anything very heavily. I started doing a bit of math and realized I could possibly supplement my income pretty well if I really build this up. And long term, maybe have the ability to completely replace my income with dividends if I can invest heavily and consistently for 15 - 20 years or so. I started purposefully investing in dividend stocks back in mid August of 2020

2019 total dividend income: $9.42
September 2020 dividend income so far: $35.04 and I'm supposed to get another dividend payment tonight, which might be larger than the total for the rest of the month if the payout is similar to their last one.

I'm hoping I can keep this going and increase my dividend income more and more over time. First big milestone will be to get $300 in a quarter or $100/month. I'm just going to keep manually reinvesting my dividend income and throwing as much of my disposable income as I can at this and see where I end up in 15 - 20 years. I hope this works out.

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Yeah my investment portfolio is my plan for supplemental income when I retire. I don't think Social Security is reliable, and my 401k I want set up just for living expenses.
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gonna post about it every time it fuckin twitches?

Lysandear posted...

gonna post about it every time it fuckin twitches?

I might just do that

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bet ya will

harley2280 posted...
Yeah my investment portfolio is my plan for supplemental income when I retire. I don't think Social Security is reliable, and my 401k I want set up just for living expenses.

I want to get to the point where I can choose whether I want to keep working or not. It's gonna take a long time, but hopefully I can get there. If I can get close to matching my income from work, then my work income is just bonus.

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Lysandear posted...

bet ya will

Are you gonna post in my investment topics every time, too? I'd love to see that.

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As part of my overall portfolio I'm invested in a couple of dividend or dividend-like funds. SPYD, which is simply the highest dividend companies in the S&P500, and QYLD, which sells call options on the underlying shares and distributes that as a monthly dividend. They average something like 10% a year. I have them both set up to reinvest all payouts.

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if they become frequent enough i'll just ignore ya which blows cuz i appreciate your input in other venues but cest la vie and all that

Lysandear posted...

if they become frequent enough i'll just ignore ya which blows cuz i appreciate your input in other venues but cest la vie and all that

Or you could just ignore the investment topics and save yourself the stress and worry of having to do anything at all. Shouldn't be that hard to just not click on a topic.

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Ive been doing this with Crypto staking. Hard to beat that 18% AP paid weekly. Made $30 so far and started doing it August 20th.

AlephZero posted...

As part of my overall portfolio I'm invested in a couple of dividend or dividend-like funds. SPYD, which is simply the highest dividend companies in the S&P500, and QYLD, which sells call options on the underlying shares and distributes that as a monthly dividend. They average something like 10% a year. I have them both set up to reinvest all payouts.

Interesting. I've found a few monthly dividend stocks that are pretty cheap for how much they've been paying out, so I'm thinking I'm gonna put some money into those as well in the near future and see what happens.

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CableZL posted...

Or you could just ignore the investment topics and save yourself the stress and worry of having to do anything at all. Shouldn't be that hard to just not click on a topic.

there wont be any stress or worry involved regardless of what i do

Returning_CEmen posted...

Ive been doing this with Crypto staking. Hard to beat that 18% AP paid weekly. Made $30 so far and started doing it August 20th.

Interesting, how does that work?

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CableZL posted...

Or you could just ignore the investment topics and save yourself the stress and worry of having to do anything at all. Shouldn't be that hard to just not click on a topic.

If he had that kind of self control he wouldn't get banned nearly that many times.

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Lysandear posted...

there wont be any stress or worry involved regardless of what i do

Well you've posted in this topic 4 times over the past 10 minutes so you're spending a decent amount of time on something you claim to not be stressed or worried about.

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Get that money bro.
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I dont understand what dividends are. Can anyone explain it to me as if i were 4

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CableZL posted...

Well you've posted in this topic 4 times over the past 10 minutes so you're spending a decent amount of time on something you claim to not be stressed or worried about.

are stress and worry the only motivators for holding a conversation

J03can posted...

I dont understand what dividends are. Can anyone explain it to me as if i were 4

1. Buy a share or shares of a certain stock
2. Wait
3. Get paid based on what the company wants to pay per share that period, multiplied by how many shares you own.

The period can be monthly, quarterly, semiannually, or annually, depending on which company it is and what they want to do.

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J03can posted...

I dont understand what dividends are. Can anyone explain it to me as if i were 4

A percentage of the profits that the company makes are paid out to the stock holders.

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Lysandear posted...

are stress and worry the only motivators for holding a conversation

No, but you're spending this time complaining about how often I'm making topics about investments under the guise of "having a conversation," so I would say one or both of those is at least a part of the reason why you're continuing to post here. You aren't contributing to the topic at all, but you continue to post repeatedly.

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because you're directly addressing me and prompting further responses outta me

Lysandear posted...

because you're directly addressing me and prompting further responses outta me

LOL, you don't have to respond to my posts at all, regardless of whether I'm addressing you or not. Nor do you have to even click on my topics. Don't blame me for your own actions.

If my addressing you was what prompted responses from you, then you really have no explanation for clicking on this topic at all other than your desire to whine about how often I make investment topics.

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I feel like once you get your stuff in order with it, you're children and future children should be set for life.

I can live off the dividends until I die. Then my kids should be able to do the same if they're not stupid and take all of it out.

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ok we're at the fake laughing stage i guess that means we're done

Lysandear posted...

ok we're at the fake laughing stage i guess that means we're done

You never contributed to the topic in the first place, so technically, you never started. All you're doing is whining.

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No it's probably a real life mental smirk. You can't go into a topic, ask a question and then say that the only reason you are posting is because you were being directly addressed. You directly addressed the person in the first place. You could have ignored the whole topic. You "wonder why people troll"? Ask yourself why you do it?

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Squall28 posted...

I feel like once you get your stuff in order with it, you're children and future children should be set for life.

I can live off the dividends until I die. Then my kids should be able to do the same if they're not stupid and take all of it out.

Yeah, I'm hoping it works out that way for me. I feel like I'm still a bit immature as an investor, but this focus on dividends at least removes my worry about whether stocks or up or down on a certain day.

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Unless you're old and have a big chunk of change you want to make an income off of, dividends don't really make all that much sense. You could make way more money off of growth stocks.

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King Rial posted...

Not it's probably a real life mental smirk. You can't go into a topic, ask a question and then say that the only reason you are posting is because you were being directly addressed. You directly addressed the person in the first place. You could have ignored the whole topic. You "wonder why people troll"? Ask yourself why you do it?

Exactly. There's nothing forcing him to click on a topic in the first place, nor is there anything forcing him to keep posting in this topic. There is clearly no interest in actually contributing to the topic at hand, so he's just spending ~25 minutes now whining about me making another investment topic.

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TomNook20 posted...

Unless you're old and have a big chunk of change you want to make an income off of, dividends don't really make all that much sense. You could make way more money off of growth stocks.

This seems like more of a set it and forget it type setup.

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TomNook20 posted...

Unless you're old and have a big chunk of change you want to make an income off of, dividends don't really make all that much sense. You could make way more money off of growth stocks.

I have a few growth stocks, too, but I'm honestly getting tired of simply looking at the value of those stocks and worrying about whether they're up or down on a certain day and judging my success/failure based on that. It's probably an immature way to look at growth stocks since the value is in holding them long term. Getting these dividend payments allows me to get paid and reinvest little by little as opposed to just looking at whether the stock has gone up or not.

I'm not old, nor do I have a big chunk of change, but my goal is to have a big chunk of change invested by the time I get old and be relatively OK if I want to stop working at any point. At the very least, I'll be supplementing my work income pretty nicely, which will remove some stress.

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15-20 years is a long-time...very long time.

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onedarksoul posted...

15-20 years is a long-time...very long time.

It is, but that time is gonna pass regardless. Might as well make my money work for me and be better off 15 - 20 years from now.

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CableZL posted...

1. Buy a share or shares of a certain stock
2. Wait
3. Get paid based on what the company wants to pay per share that period, multiplied by how many shares you own.

The period can be monthly, quarterly, semiannually, or annually, depending on which company it is and what they want to do.

There is a Canadian energy company that ive been told has a 3%+ dividend. So basically if i were to invest $10000 i would just get that 3% quarterly (if they pay out quarterly) despite how the stock is performing?
Or am i way off and are stocks and dividends are 2 different things?
Also, whats the catch? When does this stop?

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J03can posted...

There is a Canadian energy company that ive been told has a 3%+ dividend. So basically if i were to invest $10000 i would just get that 3% quarterly (if they pay out quarterly) despite how the stock is performing?
Or am i way off and are stocks and dividends are 2 different things?
Also, whats the catch? When does this stop?

The amount you get depends on what the company decides to pay out. The amount will usually vary slightly every period. And yeah, you would get the amount quarterly. If companies perform poorly, they can decide to suspend their dividend payments for a period of time or indefinitely, so it's just something to pay attention to. The dividend payout period and the amount they paid in their last distribution will be listed when you look up that particular stock symbol.

The only thing you'd have to be mindful of with dividend income is that it isn't taxed right away like your income from your job. As long as you make more than $10 total in dividends in a year, you have to report that on your taxes when you do your annual filing.

It only stops under 2 conditions:

1. You sell your shares of that company
2. That company decides to suspend their dividend payouts.

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My coworker recently bought some shares of ACES. Its an renewable energy ETF. I want to buy some but its at an all time high. Not sure if I should pull the trigger or wait.

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J03can posted...

There is a Canadian energy company that ive been told has a 3%+ dividend. So basically if i were to invest $10000 i would just get that 3% quarterly (if they pay out quarterly) despite how the stock is performing?
Or am i way off and are stocks and dividends are 2 different things?
Also, whats the catch? When does this stop?

Sort of. The dividend isn't guaranteed and can be changed. Right now with a lot of companies hurting many have decreased the % of dividend.

Dividend investing is a strategy used by a decent amount of people because it can create passive income easily. The catch is that the dividend % isn't high and how you are taxed. You are better off, from a tax POV, to be selling stocks when you need cash rather than relying on dividends because dividends are taxes at a higher rate.

But there is a convenience value in not having to do much with dividends. You get 20k worth of IBM and don't have to do anything to make your 5% plus the stock itself gains value if it goes up.

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fan357 posted...

My coworker recently bought some shares of ACES. Its an renewable energy ETF. I want to buy some but its at an all time high. Not sure if I should pull the trigger or wait.

I'll probably get some shares in that slowly over time. I've got to pay bills my paycheck this week, but I'll be putting more in next month.

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CableZL posted...

No, but you're spending this time complaining about how often I'm making topics about investments under the guise of "having a conversation," so I would say one or both of those is at least a part of the reason why you're continuing to post here. You aren't contributing to the topic at all, but you continue to post repeatedly.

Dude is whacked out and makes a whole topic about trolling just to troll whoever else he doesnt like lol

He was alright in the beginning

RedJackson posted...

Dude is whacked out and makes a whole topic about trolling just to troll whoever else he doesnt like lol

He was alright in the beginning

Yeah, I'm not sure what's up with that guy but it doesn't really matter either way. Seems to think it's a big deal if he ignores me, but had that option the whole time. Not sure why I would care if he reads my topics or not, especially if he doesn't like the subject matter.

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Just got a dividend payment of $14.61 from one of my stocks today. Feels good.

And while somewhat unintentional most of my quarterly, non monthly stocks are over lapping in such a way that i can expect a payment each month.

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Get about $700 of dividends/year within my TFSA, excited for it to gradually grow

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Prismsblade posted...

Just got a dividend payment of $14.61 from one of my stocks today. Feels good.

And while somewhat unintentional most of my quarterly, non monthly stocks are over lapping in such a way that i can expect a payment each month.

Yeah, that's one of the things I'm trying to build up to. I got $65 today from one of my stocks, but I wanna get to the point where I'm just getting payments almost every week if possible.

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shockthemonkey posted...

Got some good recs?

I think the ones with the best cost/dividend ratio I have right now are:

1. LMLB
2. SLVO
3. FRO

Not really in any ranked order, but those are my best 3, imo.

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I have the same amount invested almost but I always figured dividends focus portfolio to be a waste unless you had at least like a $120 thousand youd get back a ok amount but anything less not really.

I invested all my money back in March during the crash and just held my positions.

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