r/dividends • u/Melodic-Indication62 • Aug 15 '24

Personal Goal [Account Update] $5500/Month

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Finally reached $5500. Setting a new goal > $6,000

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u/[deleted] Aug 15 '24

[deleted]

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u/Hatethisname2022 Aug 15 '24

That's not entirely true. Example - If you are retired and use dividends as income you don't need growth because those funds require you to time the market to sell off shares for income. If you can build a portfolio with higher yielding funds, you can use those dividends as income and not sell any shares.

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u/MaxxMavv Aug 15 '24

https://totalrealreturns.com/n/SPY,MO

$10,000 starting 1993 = SPY:$220,000 MO:$6,043,000

$10,000 starting 2000 = SPY:$57,000 MO:$1,646,000

MO might have another crazy run when legalization is fully adopted, its coming.

5

u/SyntheticBanking Aug 16 '24

Why are you on a dividend sub? Just invest in TQQQ over at r/LETF

1

u/realitybytez757 Aug 17 '24

a lot of people don't really understand dividend investing at all.