How I Track Dividend Goals
By - Prestigious-Trash324
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What stocks are you grabbing?
WTRG, Exxon, Lumen, O, STAG, VZ, Visa, AM, and just a few shares of Apple. Sold most my Apple stock. (More but these are my main ones)
I should also note most of this “growth” is from Apple and Amazon, which I bought years ago so had a lot of $ to invest elsewhere after selling…. I know that might not be a popular move but I bought in so cheap and not seeing many returns at this point so sold off all my Amazon and Apple stock… now I’m about done reinvesting into dividend stocks so won’t see as steady dividend growth anymore since I’m actually depositing cash now. But my fancy note 🤣 has helped me stay on track
AMZN was my 'rocket' , acquired it from 2015-2017 and shed some along the way but just recently sold some more. Still a large chunk of portfolio.
Same. I was very young - well in my opinion- when I bought Amazon and Apple. I bought them just because I “liked them”. Had no idea what a dividend was at the time or anything 😂but so glad I randomly bought some. Now if I had only bought Bitcoin at that time too
Lol, if the product you bought at that time was Bitcoin, you would be a rich man now.
Well woman but yes…. Can’t go back in time now. Darn.
If I had started buying at the earliest time, I would have made a fortune by now, Lol
Lol, but I bought two for $72000, and now they are worth $100000.
I'm going to withdraw, but I feel like it's going to plummet soon.
I just dropped my wtrg. What's your thesis to buy?
General water insecurity throughout the world / global warming.
I need to buy more water stocks…
Water will always be regulated, no money there IMO
It’s made me a couple hundred bucks in the past few months so keeping it for now 🤷🏻♀️
Few hundred bucks in dividends on what size investment? Inflation is 5,10,20% depending on the bucket of goods you want or need in life. I guess if you’re beating inflation then good for you. Doubt you are on a dividend model. Dividends are for retirees that need fiat to pay the bills. Not giving you financial advice here, just trying to understand this subreddit. If this is a young audience / community then there is a large group of people missing opportunities investing like their parents or grandparents.
No, I meant a few hundred dollars in general… definitely not dividends. After thinking about it, I’ll probably sell it soon for something of a higher yield. The dividends it’s making me is practically nothing because I have so little shares but I bought it low enough that I can sell for a few hundred profit.
Oh ok, I thought you were trying to supplement your income with dividends, which isn’t a terrible idea when you’re old (still assuming you’re a young person).
$YORK is a pretty good company
Alot of those don't have high dividend yields except lumen. Why not invest in stocks and etfs that do?
Edit:am also has high div
I don’t want to take on a huge risk but if you have suggestions let me know. The higher the yield, the riskier in my opinion… I do have schwabb and vanguard as well as t Rowe price growth fund
I just stick with etfs with high dividend yields sphd, spyd, usually those are ok
Yeah, I am going to add QYLD to my list to buy
Check out ET and EPD: SCHD for etf
I do have SCHD. Definitely adding more higher paying efts this coming week though!!!
Exxon? Don’t invest in Exxon dude plis 😢 they’re fucking the planet
Yeah, I’m hoping they make some changes. I’m vegetarian and all about saving the planet, but for now I have Exxon. Once I turn a profit, I plan to sell. If you really care about the planet too, the best thing you can do is stop eating meat.
I know! I also don’t eat meat
It was one of my first stocks I bought in 2016.
Personally not a fan anymore but won’t sell while in the red.
my goal is to get to 50K haha
You’d need probably 1.5 million or more invested.
How much is your total dividends portfolio right now?
I’d say about $52k (just added quickly). Hard to pinpoint as I’m slowly selling my non dividend stocks and getting 100% into dividends. I’m negative on a few so holding for now… hopefully can flip the rest over to dividends soon 🤞🏼
Wow that’s fantastic! I’ve been looking into possibly doing dividends but am worried about the tax implications.
I got lucky and randomly bought a bunch of Amazon and Apple when I didn’t even know what I was doing… let it sit for years and was shocked to see I gained like $20k.. I’ve since parted with those shares,… took my profit and invested elsewhere
Well keep it in a tax sheltered account - traditional or Roth and you should be ok???
I think you wouldn’t have to worry about taxes til you actually take it out.
I also have an individual brokerage but for tax purposes, don’t mess with it a lot. You get into capital gains tax and just a bunch of hassle I don’t want to deal with…..
For some reason I thought people just used that dividend money for themselves? So you just reinvest it or buy more shares of the same?
For a lot of people, the end goal is to have enough invested in dividend paying stocks that when they retire, they can live off the dividends. But unless you need that now, there's no reason to just take it and blow it. So it's better to re-invest. Some people have their brokerages set to DRIP (automatically buy shares in the same stock), and others just take the cash and use it to buy new shares of something else.
I’m sure most people here use the dividends to buy more stocks- they reinvest it (DRIP)
I personally have always reinvested the shares. Instead of the dividend, you get more shares… maybe only .122 shares depending on how many shares you already have.
I collect my £300 per month and buy completely different stocks on a quarterly basis or if one of mine has dropped a lot I'll buy more of that.
You won't be taxed anymore than you would be for short term capital gains. But if dividends aren't your investment style of choice, that'd a personal preference.
Yeah. It's better to not make any money than to have to squander part of what you make on government waste. /s. Get thee a Rofh or your country's equivalent.
So if you made an extra hundred, thousand, or million dollars a year in dividends, you couldn't handle the *tax implications* of that extra income? That really doesn't make sense.
If you get a dividend of a dollar and pay a quarter in taxes, you still have more money than before.
hey ik imma small fry out here with like 5k in y entire portfolio but I was just curious, why are you investing into stocks individually? I’ve been buying the Fidelity High Dividend and it seems good?
I’ve started to invest in more ETFs after this post for sure! SCHD & DIV for example. Won’t be buying more individual stocks for a while.
ahhh thanks for letting me know! I just saw one of your other replies saying tons of different stock names where as you could just buy some of these genuinely solid ETF’s haha (i’m sure some of the individual stocks have higher yields and payouts but in my opinion I’d just rather play it safe). I turned 20 last week and that’s when I made the decision to stop trying to guess a lotto number stock to make it big, i started selling my individual stock and buying up ETF’s. I’m happy to say i have hit a milestone and make 40$/yr in dividends so far, ik it’s not much but we all start somewhere!
I’ve lost too much trying to find that lotto ticket and I’m done with that as well..!! I have enough individual stocks so won’t sell most of them but will definitely invest more in ETFs and focus on that! I wish I would’ve started as young as you! You’ll get there before you know it!
Thanks for saying that! I get some hate for playing it safe sometimes since i’m “young and can take on more risk”, but that’s why like 20% of my portfolio will be in the stocks I believe will do good or my “fun” portion of my portfolio haha. But as a 19-20yr old majoring in finance, I’ve just realized that due to my age, my weapon for the stock market is time itself, so all I should do is buy ETF’s and stuff and enjoy the ride, not to mention the ones with dividends is awesome cause (although it’s not a lot) it’s FREE MONEY 😂, but hey good job man, your hitting milestones for sure!!
Congrats, looks like you're doing great!
Keep on going, adding more shares, don't look back.
I'll be interested to see your future investing achievements.
Thanks for your sharing!
I figured out to keep my current quality of life id need about 350k in 4-7 different ETF's sphd schd, regl, just name a few
I'm currently about 6k. It's going a lot slower than I'd like but that's how it works when you have bills
My ultimate goal is $10k/year.
OP I just checked out one of your other posts from 6 months ago and I think it's so awesome that you blew way past your initial goal of $1000/year from $400/year. Should be 2.5 times that amount by the year's end according to your calculations and records. Keep 'paying yourself first', and keep reinvesting. You're on the right track! Good luck! :)
Thank you. Wow. I took a look at that post too and did not even realize I made so much progress so fast…. I totally forgot making that post…. I have learned a lot thanks to this group!!!!😀
Yes, I agree!
That I'm learning leaps and bounds from being in the stock forum(s).
I’m working on mine as well, but it’s slower because I fund my dividends with CSP premiums. Im at lil over 800/yr, although thats only because of literally 1 stock, which is an MLP, the k1 gonna be annoying but if it’s only one it will be manageable. Now only if I could settle on what stocks I want. Always change my mind so often.
ENLC is my midstream of choice. They no longer issue a k-1.
Nope, IEP, it’s 54.25 atm with a quarterly payout of $2 and annual payout of $8 per share.
Well... looks like adding another stock to my portfolio....
Only MLP I own, I want more mlp companies, but dont want to deal with all the K1s, so only limiting myself to just 1.
BRB I'm gonna go look up what MLP and K1 mean haha.
I'm new to dividends, and very limited in funds ATM. Basically just slowly buying an REIT and a bank. Opened a TFSA through WealthSimple, which unfortunately only just started allowing partial shares on very limited selection. (IEP not one of them).
All in all it's on the list but might be a le to buy 6 shares a year if I focus on it.
Just looked up MLP and K1... is the extra 3% over other dividend companies worth the extra hassle of the K1 tax form?
I think it’s okay depending on the amount you have, if it’s just one it’s manageable, but more than that probably not.
Definitely on my watch list. It's my first year investing so I may stay away from anything that is more than reporting for dividend income for the time being.
Charge your phone
Saving that electricity $ for more stocks
Only charging your phone at work is a big brain move
Jajajjajaja that's what in my country we call shark's mind!
I like the speed at which you are pursuing your next target. You know what you want and you make it happen quickly. Nice. Congratulations on the start of your journey! It gets even sweeter from here.
How'd you convince your spouse that refuses to learn about this, that this is worth it?
We don’t share $ so 🤷🏻♀️
He doesn’t care. This is all “my” money… which of course in the future is “our” $
Nice. Maybe in my next life....
can I be your spouse maybe possibly?
$52k is getting you $2,300/yr? damn. I should look more at dividends
I got about £1,070 from just one stock that I only put £3k in several months ago.
Yep, GKP listed on the LSE. Bought 3,000 shares at under 100p, reinvested the last dividend which was 2 lots of 8.5p per share (giving me an extra 284 shares) and next one due which is 17p per share.
By several months do you mean January? Just had a quick look and that seems to be when it was sub 100p.
Or was there a split at sonepoint that's making it look different on hl?
Regardless though that's a tremendous return.
Yeah it was round about then, no stock split. It's a poor investment for those that bought years ago but as an income stock now it's staggering. Not without its risks as it operates in the Shaikan oilfield in Kurdistan region of Iraq. At the current oil price and with production due to increase dividends should only grow from here.
If take 52K$, and invested into $MO (see [here](https://www.dividendchannel.com/history/?symbol=MO)), currently 51$ per share with 7% (0.86$ per share quarterly) dividend yield.
52,000$ (funds) ÷ 51$ (per share) = 1,019 (shares can buy)
1,019 (shares) x 0.86 (per share quarterly) = 876$ (quarterly dividends)
876$ (quarterly dividends) x 4 (quarters) = 3,504$ (annual dividends)
This is just an example.
So $52k will get you almost $300 a month.
Yup, just add some more shares, and 300$ is almost there.
I'm on pace for $5k on approx $60K invested. QYLD and RYLD pay close to 1% a month.
I’ll look into these two. Thanks! The only div stock I have right now is USOI
Thanks for sharing. I like this because I’ve become convinced that goals-based investing is the key to keeping motivation and can be an accelerant in growth. I started with Dave Ramsey’s debt payoff but then realized after a few months of no debt that I had no concrete goals (other than general net worth/income ones). I’ve since changed to trying to set up specific income/portfolio targets. I go all out on those and then when achieved, I move on. For example, maybe it’s just dividend income to pay your utilities, then rent, then groceries, etc.
That’s exactly what I did at first… I had a yearly goal to pay 1 mortgage payment (with dividends), then 1 mortgage payment plus my car payment, then mortgage + car + insurance…. I’ve met those goals so switched to monthly overall goals… but it is definitely helpful to use “real world” goals 🤷🏻♀️
Only dividend stock I own is at&t and the price keeps dropping
It’s on sale. Buy more. That’s what I do LOL but up to you
AT&T is very likely to decrease it's dividend by half in mid 2022 due to AT&T spinning off WarnerMedia and merging it with Discovery. More detailed info here [https://www.yahoo.com/now/t-gives-long-time-shareholders-171026219.html](https://www.yahoo.com/now/t-gives-long-time-shareholders-171026219.html) or just google AT&T dividend cut.
I did see that so won’t buy a ton more but will still keep what I have & add a bit.
I did a bit of research and started adding some high yield ETFs to a couple of my portfolios over the past few years and it was well worth it. These ETFs tend to be pretty low risk but pay out nicely. Great for long term and makes it a bit more exciting to track.
How do you plan to track your dividends if you phone is dead. CHARGE YOUR PHONE!!!!!
Bwhahahah calm down people. I have plenty of chargers and I won’t die if my phone dies! 😆
He's making enough that he can just buy a new phone.
What’s your annual dividend rate of your portfolio ?
Is it common for companies to constantly hold to X dividend payout, or are you constantly shuffling your holdings?
I mean the dividend is not guaranteed. I generally keep the same holdings.
How much did you invest to achieve 2300 yearly?
Currently about $52k
How much did you invest originally to make this much? Crazy
Originally? Maybe $25k. Not a lot. Most was profit from Amazon and ape then I started with dividend stocks
Pro tip. Make the numbers on the left bigger.
What app is that your checking off?
It’s just on notepad .. just a note I created on my iPhone 🤷🏻♀️
How much initially put in? That’s what I’m looking to do for me and my family!!!
About $50k. All you have to do is figure out the yield and go from there. I aim for a yield of 4% on average…
You can do it. Just takes time.
I like this format. Think I’ll implement this but on excel. Thanks for sharing!
I’ve only been investing for about 2 years. Started with $2k, lost a little money at first being stupid, then started getting the hang of it. I have a lot to learn, but I think I have found my key to success which is swing trading and owning companies who give dividends. Adding slowly on dips to your dividend accounts for long term holds and collecting the yields, and watching 4-5 highly volatile growth stocks for monthly/bimonthly swing trades. I’ve found day trading to be tough and I don’t have enough $ in my brokerage account to make a big gain day trading unless something were to shoot %10... which has happened a couple times.
My long term goals are to build positions in my 3-4 favorite dividend companies where I am collecting about $500 a month in dividends and to be profiting $500-$1000 a month In swing trades.
Currently I am yielding about $100 a month in dividends. I reinvest the dividend yield into whatever dividend stock is in a dip. I have turned 2k into almost $10k in 2 years in my brokerage account. Keep in mind I also have a $100 deposit into my brokerage account every other Friday. So that’s about a $3k profit in 2 years.
That’s a good strategy. I do automatic reinvesting right now but it makes sense to buy whatever is in a dip!
I just let the dividends go into my buying power and I have been choosing where to put the $
Unfortunately I don’t trust to single company to invest in their shares so I have offloaded the shares like BP, Direct Line, Prudential, M&G as all of them except Prudential perform terrible and dividends are peanuts and not worth to hold. Funds much better in away of profit.
I have a question how well did your capital preserve? Did you end up with a net loss or gain after taking capital movements into account? I’m kinda new to dividends but as I understand it the stocks value normally drops after the dividend
I mean, pretty well preserved 🤷🏻♀️ I’ve actually only deposited maybe $25k initially.. made another $20k in profit and the rest is stock growth and dividends…. I’m generally in the green…. I don’t think your overall portfolio drops unless you only have like 1 share and then your dividend payout is really really high in comparison to what you initially bought at … maybe I don’t understand but my overall stocks have never dropped due to dividends 🤷🏻♀️
The dividend drop tends to get overruled by market forces in this environment. In the last few years, I've only seen a couple of my stocks get depressed.
Just notepad on iPhone
You need simplysafedividends.com
How did you decide on $756?
My initial goal was to pay my HOA with dividends. My annual payment for the HOA is $756.
Good enough reason 👌
U can make more and faster trading options
Goal is to collect the premiums. But u need to be okay if u end up buying the stock
How are you tracking this when companies constantly change their dividends?
Schwab gives me an estimate so I use their estimate.
That’s awesome I’m based in Australia so use ASX mostly. Do you know if it does multiple exchanges
I don’t know sorry
Are these incremental goals that lead to larger goals? You seem to achieved these very fast. If goals are too easy, maybe you should make harder goals? I track mine by account size and then aim for 3-5% annual yield with a goal of hitting 1m by end of next year, that's it.
how much money do you have right now?
What would that be with 10,000$ starting
I make 80% APR. pretty banger, my dividend income about 250$ month. Need more $$
Margin time. 80% will pay the interest with a tad left over.
No. CAKE pools on Pancakeswap.finance lol. Then I take profits and move it to a boring boomer dividend port.
Nice thorough examples; I may have to use some 😎😎💰
What software do you use to see your monthly/annual dividend payout?
Step 1: buy stock , Step 2: get dividends, Step 3: buy more stocks…. Wait when profits ? Also what about market bubble burst ?
If it bursts then I have other retirement plans as well. My 457/savings/my husbands 401k/social security
OP, thanks for sharing. Any suggestions where to start or where to read up to start?
My suggestion is to start ASAP. I heard “time in the market” is the best rather than “timing the market” & always thought that was a good saying. Just buy and average down. You have to start somewhere 🤷🏻♀️
Good advice! I agree with that saying very much. Thanks.
You’re welcome…!! I’m certainly no expert but there was a time I had $0 and I’m at almost $60k now so 🤞🏼🤞🏼🤞🏼 hopefully be at $100k at some point!
That is wonderful!
Question. I am trying to understand your pic. So is your goal $2400 per year?
Yes, my goal by the end of this year is $2,400 in dividends. I find checking off my goals makes me reach them faster!
So I understand, this is an alternative to buying actual stocks?
I buy stocks but prefer the ones with dividends.. not sure what you mean. Some stocks pay dividends. Others do not.
Got ya. I currently have a lot of holdings - some they do pay dividends - so is this an effort worth pursuing or am I already do it? I know, it is a stupid question. Lol
You’re already doing it! Up to you. I like having dividends & I focus on those 🤷🏻♀️ if there’s no dividend, I don’t invest
Poor guy, if you’re young this is silly. What do you buy AT&T shares? MAIN? NVG? SDIV? I’m not a financial advisor but if you’re not 90 you’re missing out. Hope you have some growth in your plan and some other assets that hedge fiat.
Yes I’m adding growth this week
Do you keep most of these in your retirement accounts? Any in a standard brokerage?
Like 95% is in IRAs with Schwab
the most boring r sub ever known
Then don’t comment. You can keep scrolling 🤷🏻♀️
Boring all the way to the bank… 😂
I believe there is a way to unsubscribe so you ca. Spend more time in the ibevain sub.