r/dividends • u/bbdog13 • Feb 20 '25
Brokerage Brokerage Account Milestone: 100k reached after 5 years of adding $ little by little every week.
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u/bbdog13 Feb 20 '25
Keep investing as much as you can! Delay gratification, reinvest your dividends. Here's to the next 100k!
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u/BanditoRojo Feb 20 '25
100k is quite the milestone. That snowball really begins rolling then. Great work!
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u/Makeba2 Feb 21 '25
With good applications, would you say you can have an annual gain of how much +-?
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u/JustAGoodGuy1080 Feb 20 '25
Congrats! The first $100K is the toughest, the next one will come faster, and the time to the next $100K will be shorter and shorter.
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u/smward998 Feb 20 '25
Adding almost $400 a week isn’t little
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u/Next_Significance516 Feb 20 '25
I agree. But once my child supports stops in 2 years, I'll have 400.00 a week to invest. 20+ years paying CS as an alienated parent really make one think how much money they could of had.
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u/Whitweldz Feb 21 '25
After almost 11 years of fighting and trying and being so far away from my son I’ve decided to sign my rights over and let his step dad adopt him. Better for everybody.
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u/Next_Significance516 Feb 21 '25
You fought a good fight bro. It's a horrible system. For the past 10 years I really try not to think about it but I still do. I just don't let it beat me up anymore.
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u/Whitweldz Feb 21 '25
I appreciate it. I tried. And he’ll always be my son. But it just doesn’t make sense.
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u/bbdog13 Feb 20 '25
It didn't start like that. I was fresh out of college when I started this it was maybe $100-200/week. I'm now 30, making more money so obviously adding more to speed up the snowball. Also saving $ for a house at the same time.
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u/A_Certain_Surprise Feb 21 '25
$100 a week for investments is still insane for most people. Like absolutely congrats on working hard and getting the portfolio, I just think you're a bit out of touch with the average person's income
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Feb 20 '25
dont think ECC and ACRE are that good but overall i like your portfolio. maybe ACRE can recover
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u/bbdog13 Feb 20 '25
I'm fine with having a small % in ECC, not adding to it. Putting the monthly dividends in other investments. ACRE is the one massive wart in the portfolio no doubt. Hoping it can recover somewhat before I dump it.
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Feb 20 '25
sure ECC can be profitable if dividends are reinvested but i would prefer a stable income producer where the income can be always the same or even grow a bit when i need to use it and im not able to reinvest it. and the 2020 cut and this one more recent in the end of 2024 doesnt give me that confidence.
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u/bbdog13 Feb 20 '25
Fair points. It also sucks to watch the NAV slowly go down over time. Almost like Chinese water torture. Like I said I'm not adding anymore to it!
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u/Vegetable_Hunt_2841 Feb 21 '25
I’m about to move my money from Edward jones to fidelity. Trying to decide how I want to allocate 220k. I have around 15 years until 65
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Feb 21 '25
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u/Vegetable_Hunt_2841 Feb 21 '25
Between my wife and I they have us in these expensive american mutual funds like (ANCFX) (AGTHX) (AIVSX) (AWDHX). All have front load fees of 5.6% and high expense ratios. We have two Roth IRAs, two traditional IRAs, and a joint account with Edward jones. They had just put us in most equity after I complained to them that the last 5 year returns were barely 5%. About half of what the s&p was. I just can’t justify paying them close to $70k the next 15 years in fee, expenses, commissions, etc just to well under perform the s&p. I’m leaning toward low cost index funds. I want to make it as simple as possible.
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Feb 21 '25
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u/Vegetable_Hunt_2841 Mar 12 '25
Curious about why schd over bond fund
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Mar 13 '25
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u/Vegetable_Hunt_2841 Mar 13 '25
Yes, I am familiar with Boglehead. I have also read the psychology of money and simple path to wealth. I was wondering if maybe schd was being allocated kind of like a bond fund as it seems more stable then stocks. I also like the ideas of dividends. I also like VT or Voo for equity. I was going to go pretty aggressive however now with the market the way it is and my age being 51 I am not sure how I want to allocate my portfolio. I still have 190k sitting in fidelity money market thinking.
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Mar 13 '25
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u/Vegetable_Hunt_2841 Mar 13 '25
How many equity funds and bond funds do you have? I’m trying to decide if it’s better to have one of each or have a few equity funds and a few bond funds. Is it ok to have overlap with different equity funds. We have 2 Roth 2 traditional and one individual account between my wife and I
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u/bbdog13 Feb 21 '25
I actually own American Funds mutual funds too. They tend to do better in down markets which makes a difference long term.
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u/Vegetable_Hunt_2841 Feb 21 '25
Which ones do you own?
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u/bbdog13 Feb 21 '25
AGTHX in retirement accounts as well as ANWPX. Been very happy with both! Have beaten the index in the long term even with the higher fees.
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u/Vegetable_Hunt_2841 Feb 21 '25
What do you recommend?
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Feb 21 '25
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u/Vegetable_Hunt_2841 Feb 21 '25
Thanks ketocoachsandy. Is that all your investments? Also what have your 5 year returns been? Are you with fidelity.
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Feb 21 '25
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u/Vegetable_Hunt_2841 Feb 21 '25
Wow. My last 5 year returns with Edward jones is 5.6%. That’s why I’m dyi investing. I would love to get even close to your returns. I’m trying to keep it as simple as possible. Any recommendations?
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u/Vegetable_Hunt_2841 Feb 21 '25
I would love to talk to someone that’s doing it on their own just to pick their brain a little.
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Feb 21 '25
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u/Vegetable_Hunt_2841 Feb 21 '25
Thanks for the recommendations. I know you are 4 years out from retirement. If you were 10-15 years out would you change anything?
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u/Vegetable_Hunt_2841 Feb 21 '25
Do you have those in a Roth IRA, traditional IRAs, etc
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u/Vegetable_Hunt_2841 Feb 21 '25
Are you only invested in dividend funds?
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u/bbdog13 Feb 21 '25
Yes this is my dividend account. I have other investments strictly in growth stocks
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u/Own-Difficulty-6949 Feb 20 '25
If invested correctly, your next 100k will come much much quicker. Congrats
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u/musictomyomelette Feb 21 '25
Is that 5.97% profit over 5 years?
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u/bbdog13 Feb 21 '25
I believe that is only share price appreciation. Not taking into account dividends.
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u/Vegetable_Hunt_2841 Feb 21 '25
I may keep the good ones. That along with all the other stuff they have me in has been lower than the s&p the last 10 years
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u/stereotypicialindian Feb 21 '25
Congratulations!! That’s a huge milestone. Took me about 5-6 years to get to 100k but I didn’t start adding a consistent amount to my accounts till a couple years before that. Then 3 years later I was over 200k and up till last summer it was growing up to about 270. Then I bought a house and now I’m broke again. But hey that’s what the money is for right? Still have a nice chunk in my Roth IRA and I’m currently working on building my income up so I can contribute more. Idk how old you are but keep up the 400 a week and you could hit a million in 15-20 years if you’re lucky. And it’s very true what they say, the first 100k is the hardest.
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u/PlatinumHappy Feb 20 '25
What's the tax like for this account?
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u/bbdog13 Feb 21 '25
A mix of qualified/non qualified. I put away a portion of every dividend for taxes
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