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Good dividend stock to throw 500 bucks at

Posted on 5/22/17 at 2:00 pm
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42867 posts
Posted on 5/22/17 at 2:00 pm
I want to expand my portfolio from just 401k and IRA. I have 500 dollars I'd like to invest to start in dividend stock.

Any recommendations to get my feet wet?
Posted by StTiger
Baton Rouge
Member since Nov 2008
3111 posts
Posted on 5/22/17 at 2:04 pm to
GE and coke pay quarterly, but you are looking at 10 shares for coke

I'll let others answer and learn too
Posted by Huey Lewis
BR
Member since Oct 2013
5057 posts
Posted on 5/22/17 at 2:17 pm to
Are you wanting a single stock or are you open to something like Vanguard's high dividend yield ETF or dividend appreciation ETF?
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42867 posts
Posted on 5/22/17 at 2:19 pm to
I honestly just want to get into the game.

I can invest roughly 300-400 a month into this portfolio.

Edit: Im only 31 so I can assume high risk.

Vanguard's high dividend yield ETF (This intrigues me)
This post was edited on 5/22/17 at 2:22 pm
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 5/22/17 at 2:33 pm to
quote:

Vanguard's high dividend yield ETF (This intrigues me)


i would do this or schwab's equivalent.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7569 posts
Posted on 5/22/17 at 2:40 pm to
quote:

Schwab equivalent


SCHD
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77738 posts
Posted on 5/22/17 at 2:46 pm to
10 shares is better than zero
Posted by Boh
Baton Rouge
Member since Oct 2009
12361 posts
Posted on 5/22/17 at 2:47 pm to
XOM
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42867 posts
Posted on 5/22/17 at 3:01 pm to
I have been reading through the dividend thread and decided that I want to do the whole e-trade and buy drips through them. Coke is definitely one I want to buy. I am now deciding on others.
Posted by Ralph_Wiggum
Sugarland
Member since Jul 2005
11010 posts
Posted on 5/22/17 at 3:01 pm to
Railroads. BNSF, CSX, NS, Kansas City Southern, Canadian Pacific, Canadian National, Union Pacific. The big 7 railroads in North America.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
44093 posts
Posted on 5/22/17 at 5:32 pm to
AT&T dividend is > 5%
Posted by sneakytiger
Member since Oct 2007
2497 posts
Posted on 5/22/17 at 5:49 pm to
I bought SDY today.
Posted by geauxbears08
Houston, TX
Member since Jun 2011
233 posts
Posted on 5/22/17 at 5:53 pm to
Be careful buying dividend stocks in a rising interest rate environment... people will start to flee to bonds when they are paying the same yield, so the stocks go down in market cap to compensate.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42867 posts
Posted on 5/22/17 at 6:03 pm to
Thanks for the heads up. I did read about that as well. You finance/stock guys can be engineers lol
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 5/22/17 at 6:14 pm to
quote:

Are you wanting a single stock or are you open to something like Vanguard's high dividend yield ETF or dividend appreciation ETF?


This, or a total return mutual fund or ETF that's slanted more toward growth. At 31, IMO, the growth component should outweigh the income component. Some of the popular dividend stocks have been flat for quite awhile.
Posted by KillTheGophers
Member since Jan 2016
6743 posts
Posted on 5/22/17 at 10:44 pm to
Vanguard Target Fund that is appropriate for your age - start plowing money into it and don't touch it.

It will be tempting but don't touch it until you are ready to retire - if you start with 500 now and save a few hundred a month for the next few decades, you will be set for post employment.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77738 posts
Posted on 5/22/17 at 10:46 pm to
What percentage should be the minimum one puts away in a 401k?
Posted by Croacka
Denham Springs
Member since Dec 2008
61451 posts
Posted on 5/22/17 at 10:49 pm to
Company match at absolute minimum

But I'd say 10% is gonna be better than most people contribute
Posted by KillTheGophers
Member since Jan 2016
6743 posts
Posted on 5/22/17 at 10:51 pm to
Whatever to get the max match - no more, no less ......

....Unless you make enough to get into a non qualified supplemental plan through your employer
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 5/22/17 at 11:17 pm to
Yes, get the match. And invest otherwise for a total of 15%.

So, if the company puts up 6% (USA average), and you put up 6%, that's 12. Now you still need to invest 3% more.
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