/biz/ - Business & Finance

How much do you have invested? 30k a year sounds comfy

>>7885791
How much do you have invested total to get 30k? Been thinking about getting into something that pays dividends.

i didn't get a job until i moved out at 18 and then all my money went into rent, food, and an electricity bill. it's illegal for 15 year olds to be employed in canada. but i should have gotten a job at 16 and saved up for a couple years to invest in something. oh well. if i could do it all again i would

>>7885791
I'm working on my reserve fund and afterwards I want to start investing. I like the idea of dividends because trading stocks sounds very stressful for me.

I'm almost 30 should I even bother with it?

Must be about $400 to throw off $30k div/yr. That would be at 8% yield

>>7885947
*Illegal to be employed*

>>7886021
solid dividend stocks are a great way to go. lockheed isn't gonna disappear anytime soon

>>7885825
What's your portfolio

>>7886109
Meant for OP

>>7885840

If you get into REITs you can make bank in dividends

O pays 5% quarterly

>>7886041
yeah they're called child labour laws, anyone hiring someone under 16 is going to risk jail time

took some dividends to buy crypto. poorfag portfolio with $20k in "the market"

>>7886139
Might be a risk going into REITs when bonds are getting fucked

you dont "make" any money on dividends. price opens lower amount of dividends, you are only penalized to pay taxes. dividends are mainly for pension funds, not for retail investors.

>>7885791
Turn 42 next month and just starting to buy dividend stocks with Robinhood. REITs are a good chunk of them, power companies as well. My plan is ETFs for long term growth (some of them pay dividends as well), dividend stocks for supplemental income, and crypto because it's slightly more likely than winning the lottery.

>>7885791
You're killing it homie. I just hope you're reimbursing it all so you can become a millionaire by the time you're dead.

Fuck you.

>>7886139
What is O? Is that short for something?

>>7886674
Capital "O", aka, a big O, is what I gave your mother before wiping my shitty dick on the curtains.

>>7885791
which stocks you bought? they must have mooned extremely hard for you to be getting that dividends now

>they couldn’t do the math to figure out his larp didn’t add up

>>7886800
Why? 30k yearly is only some 5% of 600k

Seems fairly reasonable

>>7886800
>>7886890
Whoops I was thinking of returns, didn't read dividends, OP is a faggot

Still, this is mainly my plan
Make enough money fairly quickly in my younger years (college fag here) such that I can live off even the shittiest of interest and/or market returns

If I can make $1,000,000 after taxes I am surely cashing the fuck out of here and putting it all in index funds or something
maybe keeping $100k around to fuck with small marketcap coins just for fun

OP here.

GAIN
MAIN
KO
T
RSO
DX
NYMT
PSEC
FTR
UNIT
KCAP

are a few that I've just been buying and holding and watching the dividends roll in. Every week I'd put about 200 bucks in. Sometimes more, sometimes less. I just stayed focus on making money without working. I could quit my job, but it's so fucking easy. almost like i have 2 passive incomes.

>>7887681
How much total investment have you made?

>>7886247
That wasn't his point. Similar laws exist in burgerland.
You can still get paid, you just can't be *employed*

>>7887681
How did you discover these?

>>7887681

Which are you still investing in?

Any recommendations for wagecuking newbies?

>>7888074
Holding all of them. FTR has given me problems, but i believe has the highest dividend %. So bought and sold that a lot.

advice? Invest your money in high dividend stocks and stay updated with the company.

be cheap. people will laugh and call you faggot, but you will be rich when they are getting their 2nd divorce. splurge every now and then, and by splurge, by a Coke and not an RC soda.

OP bragging about 30k a year from stock market dividends.

Meanwhile I have some masternodes that are netting me around $200 a day. (or $73K a year)

started with 10k, put in maximum of 5.5k every year, had a seperate ira with my job and put 50 bucks in from every check which they matched. sold a lot of their shit funds and bought my own stocks with better dividends and not 1.9% annual shit. really seeing the snowball effect now

>>7888281
What masternodes?

>>7888281
Bullshit advice for anyone *starting today*. There aren't any masternodes that are worthwhile right now unless you got in years ago.

>>7888444

Trips of Truth.

>>7885791
30k? So your stock portfolio is worth over 300k??
How did you even get that much money into stocks not really earning that well??

>>7888444
Pretty much true, I dumb lucked into it because I bagheld some shit I got for free back in 2014 and hit the jackpot with it. Each node currently worth $30k and I've got 5 ... It'd take you two years if you bought them before you'd ever be in the black... and its always possible they could collapse

>>7885791
cool larp

>>7885791
>managing a burger king.

>>7887681

Those are all high risk securities that will collapse when interest rates rise.

I would not advise anyone to mirror this clown's portfolio.

Max mRIET allocation should be 1-2%. Real estate in general at 3% max.

Those BDCs you have are sketchy. Could be a nice play, but as interest rates rise, their asset values fall. They will have to take impairment losses and won't be able to fund dividends.

Also, RIETs and BDCs are taxed at your income level and do not have preferential tax treatment.

I would highly reconsider your security choices.