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Started By
Message
Help with Investments
Posted on 3/14/24 at 2:56 pm
Posted on 3/14/24 at 2:56 pm
I’m looking to start an investment portfolio for growth and monthly dividends. Just trying to generate monthly passive income if I ever need it.
4
Posted on 3/14/24 at 8:39 pm to Jmacacnp
SCHD
Posted on 3/14/24 at 8:53 pm to Jmacacnp
Jepq, jepi, qyld, FRO
This post was edited on 3/14/24 at 9:15 pm
Posted on 3/15/24 at 11:30 am to Jmacacnp
quote:
generate monthly passive income if I ever need it.
Are you considering this as your main source of retirement income?
Posted on 3/15/24 at 7:50 pm to Jmacacnp
BITO
It has 11.3% annualized dividend that pays out monthly, plus it tracks the price of Bitcoin just like the 11 Spot Bitcoin ETFs.
So you get explosive growth plus a big dividend payment. Just realize that Bitcoin is volatile and will have big gains and pullbacks along the way, so you have to hold and ignore pullbacks. Also, the dividend payout will change some monthly. Last month it was 15% annualized.
If you pick any other dividend play, be sure to keep up with BITO to compare how you would have done.
It has 11.3% annualized dividend that pays out monthly, plus it tracks the price of Bitcoin just like the 11 Spot Bitcoin ETFs.
So you get explosive growth plus a big dividend payment. Just realize that Bitcoin is volatile and will have big gains and pullbacks along the way, so you have to hold and ignore pullbacks. Also, the dividend payout will change some monthly. Last month it was 15% annualized.
If you pick any other dividend play, be sure to keep up with BITO to compare how you would have done.
This post was edited on 3/15/24 at 7:56 pm
Posted on 3/15/24 at 9:21 pm to 98eagle
I was just reading about BITO last week, added it to my watchlist
Posted on 3/16/24 at 9:21 am to 98eagle
quote:
If you pick any other dividend play, be sure to keep up with BITO to compare how you would have done.
Probably a worthwhile exercise. Since BITO’s inception in October 2021 it’s down 1% cumulatively with dividends, and at one point it was down 75%. Its risk adjusted returns aren’t great, to say the least. Maybe this year will bring it back into the green.
SCHD is up 9% over that stretch, for comparison, and its peak drawdown was around 6%.
Posted on 3/16/24 at 12:44 pm to slackster
BITO is up 110% the last 12 months. Bitcoin and BITO are going to have a monster year this year, so there's that. BITO did begin trading right when Bitcoin was at a top in 2021 just before a cyclical 4 year pullback, so your observation is pretty misleading in my opinion. Maybe you should short BITO.
Posted on 3/16/24 at 3:11 pm to 98eagle
quote:
BITO is up 110% the last 12 months. Bitcoin and BITO are going to have a monster year this year, so there's that. BITO did begin trading right when Bitcoin was at a top in 2021 just before a cyclical 4 year pullback, so your observation is pretty misleading in my opinion. Maybe you should short BITO.
I’m in Bitcoin, so I get it.
I just don’t think Bitcoin is the place to start your long term investing. You want to throw 10% of every dollar you invest more broadly into Bitcoin investments, go right ahead, but I hate how people throw it out to someone that’s just getting started like its the only thing they should do.
SCHD has 101 stocks in it across various sectors.
BITO owns Bitcoin and Bitcoin derivatives. Thats it.
I think Bitcoin as a whole would be better served if some of the advocates weren’t trying to get everyone to be a maxi right off the bat.
Posted on 3/16/24 at 3:15 pm to slackster
Understood, but you are promoting a dividend fund earning less than the inflation rate for the last 3 years.
Posted on 3/16/24 at 3:24 pm to 98eagle
quote:
Understood, but you are promoting a dividend fund earning less than the inflation rate for the last 3 years.
Well that’s not true if you go back 3 years. I think it’s up close to 40% over the last 3 years.
Posted on 3/16/24 at 3:58 pm to slackster
SCHD trailing average 3 year return is 8.46% annually per yahoo finance. Perhaps that is a little higher than published fake inflation rates. It seems to me like actual inflation is higher than 26% total since 3 years ago. In any event, I guess SCHD is a safe place for some folks to store their money. It's good to know you are also in Bitcoin. It's going to take off big time this year, and will drag BITO, the ETFs and leveraged Bitcoin derivatives much higher.
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