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SouthMSReb
Ole Miss Fan
Member since Dec 2013
2815 posts

re: Passive Income for Young Investor
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.


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12
SouthMSReb
Ole Miss Fan
Member since Dec 2013
2815 posts

re: Passive Income for Young Investor
Yeah love LMT and O. Picked HD over Lowe’s and was in pain when I saw the LOW increase.


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secondandshort
Member since Jan 2014
857 posts

re: Passive Income for Young Investor
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?


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AllDayEveryDay
Texas A&M Fan
Nawf Tejas
Member since Jun 2015
2475 posts

re: Passive Income for Young Investor
Dump the max allowable into a SPY tracker in your roth and forget about it until you retire.


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10
unclejhim
LSU Fan
Folsom, La.
Member since Nov 2011
2797 posts

re: Passive Income for Young Investor
quote:

Preferred stocks of quality big banks that pay a qualified dividend


Most high quality preferreds are selling at par or above.


Abstract Queso Dip
Member since Mar 2021
259 posts

re: Passive Income for Young Investor
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.


undrafted
LSU Fan
DHA
Member since Oct 2009
950 posts

re: Passive Income for Young Investor
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.


lynxcat
Rutgers Fan
Member since Jan 2008
21889 posts

re: Passive Income for Young Investor
I struggle why any young investor needs passive income. It’s counter intuitive.


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nugget
LSU Fan
Mostly Peaceful Poster
Member since Dec 2009
11912 posts

re: Passive Income for Young Investor
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.


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31
MSTiger33
LSU Fan
New York City
Member since Oct 2007
16813 posts

re: Passive Income for Young Investor
I am a big fan of EFC


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CajunCraftsman225
Member since Jun 2021
43 posts

re: Passive Income for Young Investor
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.


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SouthMSReb
Ole Miss Fan
Member since Dec 2013
2815 posts

re: Passive Income for Young Investor
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?


21JumpStreet
Texas Tech Fan
Member since Jul 2012
12515 posts

re: Passive Income for Young Investor
quote:

Crypto and using Celsius, BlockFi, Gemini to earn interest on coins




Most definitely. Guaranteed 8%+ interest


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lynxcat
Rutgers Fan
Member since Jan 2008
21889 posts

re: Passive Income for Young Investor
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.


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20
wasteland
USA Fan
Member since Apr 2011
4408 posts

re: Passive Income for Young Investor
Investing with an apartment investor


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