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How I Track Dividend Goals

How I Track Dividend Goals

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GingerMcBeardface

What stocks are you grabbing?


Prestigious-Trash324

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)


Prestigious-Trash324

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


eomar2828

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.


Prestigious-Trash324

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


Ornery_Hat4320

Lol, if the product you bought at that time was Bitcoin, you would be a rich man now.


Prestigious-Trash324

Well woman but yes…. Can’t go back in time now. Darn.


Ornery_Hat4320

If I had started buying at the earliest time, I would have made a fortune by now, Lol


Fatalitygs

Hfsp


Ornery_Hat4320

..Mm-hmm.


Ornery_Hat4320

Lol, but I bought two for $72000, and now they are worth $100000.


Prestigious-Trash324

Awesome


Ornery_Hat4320

I'm going to withdraw, but I feel like it's going to plummet soon.


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Hybrid_Blood

*click*


diatho

I just dropped my wtrg. What's your thesis to buy?


Prestigious-Trash324

General water insecurity throughout the world / global warming. I need to buy more water stocks…


ScottyGBTC

Water will always be regulated, no money there IMO


Prestigious-Trash324

It’s made me a couple hundred bucks in the past few months so keeping it for now 🤷🏻‍♀️


ScottyGBTC

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.


Prestigious-Trash324

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.


ScottyGBTC

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).


koka82

$YORK is a pretty good company


giygas88

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


Prestigious-Trash324

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


giygas88

I just stick with etfs with high dividend yields sphd, spyd, usually those are ok


Prestigious-Trash324

Yeah, I am going to add QYLD to my list to buy


SSlimJim

/r/Qyldgang


Particular_Milk_2214

Check out ET and EPD: SCHD for etf


Prestigious-Trash324

I do have SCHD. Definitely adding more higher paying efts this coming week though!!!


hehehexd13

Exxon? Don’t invest in Exxon dude plis 😢 they’re fucking the planet


Prestigious-Trash324

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.


hehehexd13

I know! I also don’t eat meat


Prestigious-Trash324

It was one of my first stocks I bought in 2016. Personally not a fan anymore but won’t sell while in the red.


sultanofswaps

my goal is to get to 50K haha


Prestigious-Trash324

You’d need probably 1.5 million or more invested.


XSC

How much is your total dividends portfolio right now?


Prestigious-Trash324

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 🤞🏼


XSC

Wow that’s fantastic! I’ve been looking into possibly doing dividends but am worried about the tax implications.


Prestigious-Trash324

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


Prestigious-Trash324

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…..


XSC

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?


drawfour_

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.


Prestigious-Trash324

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.


RiskvReward

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.


Hybrid_Blood

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.


GRMarlenee

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.


bearhammer

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.


CryptoDealerrrr

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?


Prestigious-Trash324

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.


CryptoDealerrrr

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!


Prestigious-Trash324

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!


CryptoDealerrrr

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!!


Prestigious-Trash324

Thank you


DividendSeeker808

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!


Embroiled_chaos

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


Prestigious-Trash324

My ultimate goal is $10k/year.


krtwoods

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! :)


Prestigious-Trash324

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!!!!😀


DividendSeeker808

Yes, I agree! That I'm learning leaps and bounds from being in the stock forum(s). Cheers!


Bman3396

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.


bearhammer

ENLC is my midstream of choice. They no longer issue a k-1.


viperex

EPD?


Bman3396

Nope, IEP, it’s 54.25 atm with a quarterly payout of $2 and annual payout of $8 per share.


teh_longinator

Well... looks like adding another stock to my portfolio....


Bman3396

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.


teh_longinator

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.


teh_longinator

Just looked up MLP and K1... is the extra 3% over other dividend companies worth the extra hassle of the K1 tax form?


Bman3396

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.


teh_longinator

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.


Daywalker429

Charge your phone


Prestigious-Trash324

Saving that electricity $ for more stocks


Hybrid_Blood

Only charging your phone at work is a big brain move


Realistic-TownMX15

Jajajjajaja that's what in my country we call shark's mind!


krtwoods

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.


m7x7m

How'd you convince your spouse that refuses to learn about this, that this is worth it?


Prestigious-Trash324

We don’t share $ so 🤷🏻‍♀️ He doesn’t care. This is all “my” money… which of course in the future is “our” $


m7x7m

Nice. Maybe in my next life....


bigblacksnail

can I be your spouse maybe possibly?


Prestigious-Trash324

Haha


UbiquitouSparky

$52k is getting you $2,300/yr? damn. I should look more at dividends


RiskvReward

I got about £1,070 from just one stock that I only put £3k in several months ago.


UbiquitouSparky

Wow!


RiskvReward

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.


nemo8551

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.


RiskvReward

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.


DividendSeeker808

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. So.. 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. Cheers!


UbiquitouSparky

That’s incredible


DividendSeeker808

Cheers!


MR-BACKHAND

So $52k will get you almost $300 a month.


DividendSeeker808

Yup, just add some more shares, and 300$ is almost there. Cheers!


chrisjos478

I'm on pace for $5k on approx $60K invested. QYLD and RYLD pay close to 1% a month.


UbiquitouSparky

I’ll look into these two. Thanks! The only div stock I have right now is USOI


WoodKlearing

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.


Prestigious-Trash324

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 🤷🏻‍♀️


NovaMagic

Only dividend stock I own is at&t and the price keeps dropping


Prestigious-Trash324

It’s on sale. Buy more. That’s what I do LOL but up to you


Ericru

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.


Prestigious-Trash324

I did see that so won’t buy a ton more but will still keep what I have & add a bit.


ColeBBrooks

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.


The5thRedditor

How do you plan to track your dividends if you phone is dead. CHARGE YOUR PHONE!!!!!


Prestigious-Trash324

Bwhahahah calm down people. I have plenty of chargers and I won’t die if my phone dies! 😆


GRMarlenee

He's making enough that he can just buy a new phone.


SpaceTraderB

What’s your annual dividend rate of your portfolio ?


Prestigious-Trash324

About 4.25%


mtherndo

Is it common for companies to constantly hold to X dividend payout, or are you constantly shuffling your holdings?


Prestigious-Trash324

I mean the dividend is not guaranteed. I generally keep the same holdings.


hcalucard

How much did you invest to achieve 2300 yearly?


Prestigious-Trash324

Currently about $52k


hcalucard

Pff Nice!


Important-Carob-5385

Congrats!


su5577

How much did you invest originally to make this much? Crazy


Prestigious-Trash324

Originally? Maybe $25k. Not a lot. Most was profit from Amazon and ape then I started with dividend stocks


_An_Idiot_With_Time_

Pro tip. Make the numbers on the left bigger.


rap31264

What app is that your checking off?


Prestigious-Trash324

It’s just on notepad .. just a note I created on my iPhone 🤷🏻‍♀️


rap31264

Thankew!


AstralObjective

How much initially put in? That’s what I’m looking to do for me and my family!!!


Prestigious-Trash324

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…


Prestigious-Trash324

You can do it. Just takes time.


DarthAmar13

I like this format. Think I’ll implement this but on excel. Thanks for sharing!


nhanz14

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.


Prestigious-Trash324

That’s a good strategy. I do automatic reinvesting right now but it makes sense to buy whatever is in a dip!


nhanz14

I just let the dividends go into my buying power and I have been choosing where to put the $


WebProject

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.


moonbeamer2234

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


Prestigious-Trash324

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 🤷🏻‍♀️


GRMarlenee

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.


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Prestigious-Trash324

Just notepad on iPhone


joeyismusic

You need simplysafedividends.com


why_worry69

How did you decide on $756?


Prestigious-Trash324

My initial goal was to pay my HOA with dividends. My annual payment for the HOA is $756.


why_worry69

Good enough reason 👌


BigslickG

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


silverdancerfan

How are you tracking this when companies constantly change their dividends?


Prestigious-Trash324

Schwab gives me an estimate so I use their estimate.


silverdancerfan

That’s awesome I’m based in Australia so use ASX mostly. Do you know if it does multiple exchanges


Prestigious-Trash324

I don’t know sorry


fredtobik

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.


bananaperc

how much money do you have right now?


Prestigious-Trash324

About $58k


gogo_qaq

What would that be with 10,000$ starting


pat90000

I make 80% APR. pretty banger, my dividend income about 250$ month. Need more $$


GRMarlenee

Margin time. 80% will pay the interest with a tad left over.


pat90000

No. CAKE pools on Pancakeswap.finance lol. Then I take profits and move it to a boring boomer dividend port.


UltimateSB21

Nice thorough examples; I may have to use some 😎😎💰


[deleted]

What software do you use to see your monthly/annual dividend payout?


Anonymous_Trader012

Step 1: buy stock , Step 2: get dividends, Step 3: buy more stocks…. Wait when profits ? Also what about market bubble burst ?


Prestigious-Trash324

Huh? If it bursts then I have other retirement plans as well. My 457/savings/my husbands 401k/social security


reddingrooster

OP, thanks for sharing. Any suggestions where to start or where to read up to start?


Prestigious-Trash324

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 🤷🏻‍♀️


reddingrooster

Good advice! I agree with that saying very much. Thanks.


Prestigious-Trash324

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!


reddingrooster

That is wonderful! Question. I am trying to understand your pic. So is your goal $2400 per year?


Prestigious-Trash324

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!


reddingrooster

So I understand, this is an alternative to buying actual stocks?


Prestigious-Trash324

?? I buy stocks but prefer the ones with dividends.. not sure what you mean. Some stocks pay dividends. Others do not.


reddingrooster

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


Prestigious-Trash324

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


ScottyGBTC

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.


Prestigious-Trash324

Yes I’m adding growth this week


backinnahm

Do you keep most of these in your retirement accounts? Any in a standard brokerage?


Prestigious-Trash324

Like 95% is in IRAs with Schwab


Brett-_-_

the most boring r sub ever known zzzzzz


Prestigious-Trash324

Then don’t comment. You can keep scrolling 🤷🏻‍♀️


ColeBBrooks

Boring all the way to the bank… 😂


GRMarlenee

I believe there is a way to unsubscribe so you ca. Spend more time in the ibevain sub.