I don’t have any REITs. I’d put them into tax advantaged accounts if I did because the dividends from them are taxed higher.
Dividend investing.....let's talk about it!
- Thread starter GoFlipAPack
- Start date
Stupid question but how do I open up a Roth IRA? I want to open a retirement account so I dont get taxed on my dividends
If you're with an online brokerage you do it on the site. Fund it from a bank account.
But most of them want you to start with like $4k
Shouldn't be on a Roth. I think I opened mine on Fidelity with $150 or something.
....good looking out brodie
Broski, what's the website he's using with that portfolio?
edit - nevermind he said it at the end,
M1 finance
My job, AT&T ironically which does pay great dividends, uses Fidelity for my 401k which I also used to open my Roth. Download the app and it will literally takes you a few minutes to open one.
I have a growing dividend monster machine over here, I cant give you all my moves but I'll give you two of my ETF's
SCHD
The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100™ Index. To pursue its goal, the fund generally invests in stocks that are included in the index. The fund invests at least 90% of its net assets in stocks that are included in the index. The index is designed to measure the performance of high dividend yielding stocks issued by U.S. companies that have a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios.
Top 10
INTC
Intel Corp 4.63%
HD
Home Depot Inc 4.55%
BMY
Bristol-Myers Squibb Co 4.54%
KO
Coca-Cola Co 4.53%
PFE
Pfizer Inc 4.53%
XOM
Exxon Mobil Corp 4.47%
VZ
Verizon Communications Inc 4.44%
PG
Procter & Gamble Co 4.42%
PEP
PepsiCo Inc 4.40%
TXN
Texas Instruments Inc 3.66%
MGC
The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Index. The index is a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization stocks in the United States. The Advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
Top 10 companies of this ETF
MSFT Microsoft Corp 5.23%
AAPL Apple Inc 5.11%
AMZN Amazon.com Inc 3.37%
FB Facebook Inc 2.14%
BRK/B Berkshire Hathaway Inc 1.92%
JPM
JPMorgan Chase & Co 1.81%
GOOGL
Alphabet Inc 1.73%
GOOG
Alphabet Inc 1.67%
JNJ
Johnson & Johnson 1.67%
V
Visa Inc 1.40%
Now if you don't want to go the ETF route, the 20 companies I listed that are in these ETF's are GREAT for dividends
SCHD
The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100™ Index. To pursue its goal, the fund generally invests in stocks that are included in the index. The fund invests at least 90% of its net assets in stocks that are included in the index. The index is designed to measure the performance of high dividend yielding stocks issued by U.S. companies that have a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios.
Top 10
INTC
Intel Corp 4.63%
HD
Home Depot Inc 4.55%
BMY
Bristol-Myers Squibb Co 4.54%
KO
Coca-Cola Co 4.53%
PFE
Pfizer Inc 4.53%
XOM
Exxon Mobil Corp 4.47%
VZ
Verizon Communications Inc 4.44%
PG
Procter & Gamble Co 4.42%
PEP
PepsiCo Inc 4.40%
TXN
Texas Instruments Inc 3.66%
MGC
The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Index. The index is a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization stocks in the United States. The Advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
Top 10 companies of this ETF
MSFT Microsoft Corp 5.23%
AAPL Apple Inc 5.11%
AMZN Amazon.com Inc 3.37%
FB Facebook Inc 2.14%
BRK/B Berkshire Hathaway Inc 1.92%
JPM
JPMorgan Chase & Co 1.81%
GOOGL
Alphabet Inc 1.73%
GOOG
Alphabet Inc 1.67%
JNJ
Johnson & Johnson 1.67%
V
Visa Inc 1.40%
Now if you don't want to go the ETF route, the 20 companies I listed that are in these ETF's are GREAT for dividends
Why not?
I'm always interested to see what other people do but really there's no reason to see all of somebody's moves. You might end up copying them instead of doing your own due diligence.
This^
There are so many moves to make you have to leave room for your own creativity
Don't forget that the oil companies have some of the best dividend % payouts. Shell, BP, Exxon and etc.
GetRichOrDieTryin
Superstar
Anything that pays 4% or so and doesn't move in stock price.
My expenses are very low and once the wife starts working we are budgeting to save 10k yearly and 15k is our max goal (anything over will be put to better vacations)
Once I get my designation my salary will take a bump (25-50%) so for now this is good for us.
My expenses are very low and once the wife starts working we are budgeting to save 10k yearly and 15k is our max goal (anything over will be put to better vacations)
Once I get my designation my salary will take a bump (25-50%) so for now this is good for us.
You should look at the earnings and the payout ratio. Something paying out 4% starting out probably doesn't grow the dividend as fast.
Nike has under a 1% dividend but a 30% payout ratio. They have much room to grow their dividend. Disney has 1.2% yield but a 28% payout ratio so in the future that dividend can grow a lot. Microsoft 1.3% yield and a 34% payout ratio.
When the payout ratio gets to 60-70% the dividend will grow much less if at all annually.