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Monthly DRIP Advice …
Posted on 10/12/24 at 3:36 am
Posted on 10/12/24 at 3:36 am
If you had 1-3k every month to put in the market what would u look at buying for dividend reinvestment. I am setting cash on the side every month (not for any reason in particular) and I’m thinking it makes more sense to put it in the market to grow. Thank you for any advice.
7
Posted on 10/12/24 at 3:38 am to LaBornNRaised
VTSAX
Posted on 10/12/24 at 6:43 am to LaBornNRaised
PFLT
This post was edited on 10/12/24 at 6:46 am
Posted on 10/12/24 at 7:29 am to LaBornNRaised
SCHD
Posted on 10/12/24 at 7:49 am to LaBornNRaised
VGT
But if you insist on dividend growth then MADVX.
But if you insist on dividend growth then MADVX.
This post was edited on 10/12/24 at 7:55 am
Posted on 10/12/24 at 8:27 am to go ta hell ole miss
My stocks I have for dividends are JEPQ, QQQI, BITO, MO, SCHD, VZ. Growth stocks I own and like that also produce dividends are chevron, apple, KO, Microsoft, Google, AVGO.
Posted on 10/13/24 at 7:28 pm to LaBornNRaised
SCHD
Posted on 10/13/24 at 7:44 pm to LaBornNRaised
MO…
IMHO, the undisputed king of dividend stocks. Average 7-8% annualized return.
To that end; if real long term growth is your objective I’d be looking at low fee Index Funds instead. More ups and downs; but, bigger upside in the long term.
IMHO, the undisputed king of dividend stocks. Average 7-8% annualized return.
To that end; if real long term growth is your objective I’d be looking at low fee Index Funds instead. More ups and downs; but, bigger upside in the long term.
This post was edited on 10/13/24 at 9:37 pm
Posted on 10/13/24 at 9:24 pm to wiltznucs
Didn’t MO just go above 8% with the latest dividen?
Posted on 10/13/24 at 9:41 pm to go ta hell ole miss
I set up $1000 for VGT last month and will see how that looks after a couple months. May increase it or buy something else.
Posted on 10/14/24 at 3:17 am to wiltznucs
Can u explain more what u talking about here? What funds specifically?
But yea I’m in a good place and it doesn’t make sense to have money doing nothing if I do not need it.
But yea I’m in a good place and it doesn’t make sense to have money doing nothing if I do not need it.
Posted on 10/14/24 at 8:27 am to LaBornNRaised
quote:
Can u explain more what u talking about here? What funds specifically?
In a nutshell; there’s a datapoint that shows that the vast majority of fund managers cannot beat the overall market return (Typically the S&P 500, the 500 largest publicly traded companies on the US market). At least not consistently. Which is to say; you may be mathematically better off simply taking what the market gives you in most instances.
Adding to this is the fact that these managed funds generally charge larger fees in order to pay the fund managers. This comes out of your earnings lowering your potential gains.
From this data the idea was born that the best strategy is to invest in the entirety of the market or a large diversified section (Total US Stock Market, Total World Market, S&P 500, Russell, etc). Accepting that you’ll take what the market gives you. You then focus on keeping as much of the returns as possible buy purchasing funds with very low fees.
It’s a proven wealth builder for buy and hold investing over a long investment horizon. It’s simple; offers good diversification and even people like Warren Buffett own significant amounts. This isn’t a strategy for someone looking for quick day trading type investments.
I’m mostly familiar with Vanguard’s offerings as that’s who I buy from. Their two biggest index ETF’s are VOO and VTI. The also have mutual fund offerings covering the same basket of stocks. Understand that while I’m buying Vanguard that virtually every other major brokerage has an equivalent product nowadays. Be it Fidelity, etc.
Hope this helps! Good luck!
Posted on 10/14/24 at 8:51 am to LaBornNRaised
I wouldnt focus on dividends. Just buy a low expense ratio index fund.
Posted on 10/14/24 at 12:35 pm to TorchtheFlyingTiger
I do both. I just love dividends because I can get a guaranteed 10% return every year for the next 3 decades
Posted on 10/14/24 at 4:23 pm to tigerbacon
You actually think dividends are guaranteed?
This post was edited on 10/14/24 at 4:24 pm
Posted on 10/14/24 at 5:45 pm to TorchtheFlyingTiger
The ones I own have only gone up. Sell stock if that stops
Posted on 10/14/24 at 6:43 pm to tigerbacon
Taking the dividend funds/stocks you recommended and looking at the ones that have a 5+ yr track record (MO, SCHD,VZ)
Total Return 5 & 10 yr:
MO 75.35%/102.86%
SCHD 96.95%/253.73%
VZ -4.53%/48.06%
For comparison sake
VTI 107.18%/256.03%
VOO 113.85%/273.84%
(Source Financecharts.com)
The index funds out performed. Plus, if held in a taxable account your dividend payers are going to suffer additional tax drag. I can see a case for SCHD but holding individual dividend stocks is not worth the concentrated risk. Your tactic to sell in case of a dividend cut is likely to cost you when the price craters when cut is announced and other dividend investors run to the exit.
Eta: Chevron and KO also underperformed and the others you listed arent dividend plays as they are tech sector growth stocks w lower dividend yield than the index ETFs. If anything they make a stronger case against dividend investing.
Total Return 5 & 10 yr:
MO 75.35%/102.86%
SCHD 96.95%/253.73%
VZ -4.53%/48.06%
For comparison sake
VTI 107.18%/256.03%
VOO 113.85%/273.84%
(Source Financecharts.com)
The index funds out performed. Plus, if held in a taxable account your dividend payers are going to suffer additional tax drag. I can see a case for SCHD but holding individual dividend stocks is not worth the concentrated risk. Your tactic to sell in case of a dividend cut is likely to cost you when the price craters when cut is announced and other dividend investors run to the exit.
Eta: Chevron and KO also underperformed and the others you listed arent dividend plays as they are tech sector growth stocks w lower dividend yield than the index ETFs. If anything they make a stronger case against dividend investing.
This post was edited on 10/14/24 at 6:56 pm
Posted on 10/14/24 at 9:39 pm to TorchtheFlyingTiger
It’s called being diversified. I have my growth stocks that have done very well for me. I have my safe dividend stocks like KO and VZ. I have my risky dividend stocks like BITO. With BITO I get thousands a month now with dividends and it has already paid off those stocks and then a ton more. So if that stock goes to zero tomorrow I’ve already came our way ahead. I have my apple, Microsoft, nvda etc for growth stocks. A new one I’m starting to get a position in is NU. I also have done very well with BAC back when bank crisis hit and got a bunch in the low 20’s. But then again that’s a dividend stock so I guess that was a mistake
Posted on 10/14/24 at 9:49 pm to tigerbacon
quote:
It’s called being diversified. I have my growth stocks that have done very well for me. I have my safe dividend stocks like KO and VZ. I have my risky dividend stocks like BITO. With BITO I get thousands a month now with dividends and it has already paid off those stocks and then a ton more
BITO is not a stock. Like not even close to a stock.
Posted on 10/14/24 at 10:43 pm to slackster
It’s an ETF. And amazing dividends. But risky
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