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re: Passive Income for Young Investor
Posted on 6/10/21 at 7:37 am to Mootsman
Posted on 6/10/21 at 7:37 am to Mootsman
quote:
AT&T has a 7.17% div yield and is currently trading at a discount. Stock isn't supposed to rebound until Mid-2022 the sale of some of their business units go through.
They are about to cut their dividend though. I got out of the small position I had.
Cutting once they spin off Warner.
0
Posted on 6/10/21 at 7:38 am to MarineVet
Yeah love LMT and O. Picked HD over Lowe’s and was in pain when I saw the LOW increase.
Posted on 6/10/21 at 7:48 am to Bestbank Tiger
I used finviz and found a couple of high dividend stocks that I liked. TX being one. My question is the company is located in Luxembourg. I am assuming that there are additional taxes for foreign companies. Can anyone shed some light in this?
Posted on 6/10/21 at 8:00 am to Lutcher Lad
Dump the max allowable into a SPY tracker in your roth and forget about it until you retire.
Posted on 6/10/21 at 2:40 pm to Abstract Queso Dip
quote:
Preferred stocks of quality big banks that pay a qualified dividend
Most high quality preferreds are selling at par or above.
Posted on 6/10/21 at 4:25 pm to unclejhim
I kinda figured that, but not every preferred shares are the same. Some aren't callable until a certain date so even at a premium they might still be decent investment just have to figure the YTC. I'm not in the fixed income world anymore so I don't have access to all the goods on info.
Posted on 6/11/21 at 7:07 pm to Abstract Queso Dip
Anything helps at a young age. Pump money in the market. Try to save up for a down payment on a piece of real estate. Anything is better than spending all your money at a bar or vacation. When you’ve done this for a few years you’ll learn what you’re good at and make some money.
Posted on 6/11/21 at 9:10 pm to undrafted
I struggle why any young investor needs passive income. It’s counter intuitive.
Posted on 6/11/21 at 9:22 pm to lynxcat
quote:
struggle why any young investor needs passive income. It’s counter intuitive.
Not really. If you can garner a decent amount of passive income at a young age, it enables you to take higher risks like starting your own full time business.
Posted on 6/11/21 at 9:52 pm to Lutcher Lad
I am a big fan of EFC
Posted on 6/12/21 at 8:42 am to Lutcher Lad
On the subject of dividend stocks
I like:
utilities (NEE, WM and ETR)
Industrials (Olin, Dow, Dupont and Exxon)
REITS (CIM)
Transportation (ODFL and ATCO)
AND A GOOD INDEX FUND FOR THE DOW 30 or S&P 500 could never hurt. Warren Buffet believes in them based on what he has seen over his lifetime as they are a great long term investment (20 to 40+ Years,) but Michael Burry sees Intermediate negatives of them currently (2 to 4 years)... JUST BE CAUTIOUS of Market Dips and Fundamental Overvaluations.
I like:
utilities (NEE, WM and ETR)
Industrials (Olin, Dow, Dupont and Exxon)
REITS (CIM)
Transportation (ODFL and ATCO)
AND A GOOD INDEX FUND FOR THE DOW 30 or S&P 500 could never hurt. Warren Buffet believes in them based on what he has seen over his lifetime as they are a great long term investment (20 to 40+ Years,) but Michael Burry sees Intermediate negatives of them currently (2 to 4 years)... JUST BE CAUTIOUS of Market Dips and Fundamental Overvaluations.
Posted on 6/12/21 at 11:11 am to lynxcat
quote:
I struggle why any young investor needs passive income. It’s counter intuitive.
The passive income I make off of my stocks enables me to put more capital into the market each year, whether I get a raise at work or not.
Not sure how anyone would question why somebody would want passive income?
Posted on 6/12/21 at 11:50 am to CE Tiger
quote:
Crypto and using Celsius, BlockFi, Gemini to earn interest on coins
Most definitely. Guaranteed 8%+ interest
Posted on 6/12/21 at 11:58 am to SouthMSReb
quote:
The passive income I make off of my stocks enables me to put more capital into the market each year, whether I get a raise at work or not.
You can just reinvest dividends. I don’t think you are accurately using the term “passive income”...passive income is intended to be consumed/used for living expenses.
Posted on 6/12/21 at 7:25 pm to Lutcher Lad
Investing with an apartment investor
Posted on 6/14/21 at 7:49 am to lynxcat
quote:
I don’t think you are accurately using the term “passive income”...passive income is intended to be consumed/used for living expenses.
Passive income is intended to be used/consumed for whatever you want.
Posted on 6/14/21 at 7:55 am to jimbeam
quote:Its a tax related term.
It is just a BS term that is hot and popular
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