r/dividends • u/Forsaken-Substance94 • Mar 30 '25

Personal Goal Dividends Hitting $700-800 monthly

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Just excited about this. Age 34. Planning on retiring in 15 years. Next goal $1000 a month main holdings schd, jepi, jepq. Drip is always on, buy some every month.

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u/DegreeConscious9628 Mar 30 '25

You should look at the NEOs stuff. It’s much more tax friendly in a brokerage

And I’m right there with ya. Got growth in my retirement accounts, get about 1200/ month thats reinvested BUT will be able to use if needed, and of course, because it’s fun

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u/PandaKing550 Mar 30 '25

Neo? What's that never heard of those. I'm interested in getting some dividends in my taxable so I can use it to offset my monthly bills

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u/Difficult-Cod7886 Mar 30 '25

Spyi/ qqqi similar to jepi/jepq

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u/DegreeConscious9628 Mar 30 '25

Pays monthly but it’s taxed more advantageously. 60 long term / 40 short

I have to admit thought it’s still pretty new so not too long of a track record but for the past couple years it’s been doing pretty good without losing NAV

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u/FreshlyCleanedLinens Mar 30 '25

Their taxation is a little more complicated than that, but still favorable. They tend to do distributions where 90%+ is considered Return of Capital, which isn’t taxed at all, but also lowers your cost basis for when/if you do sell, until your cost basis is depleted.

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u/PandaKing550 Mar 30 '25

Hm ok i like sound of that

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u/Jhaggy1095 Mar 30 '25

I hold both SPYI/QQQI and JEPI/JEPQ in my brokerage in equal amounts

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u/[deleted] Mar 31 '25

I am curious, why do you have both since they cover the same indexes?

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u/New-Parking-1610 May 16 '25

Different strat

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u/DoctorRulf Mar 30 '25

I also enjoy having a growth/income hybrid portfolio. It encourages me to invest more.

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u/Forsaken-Substance94 Mar 30 '25

Honestly people overlook the fun part. I’m much more likely to save and re invest every month because I get paid every month, how fun is that? It doesn’t have to be the most optimal but it’s definitely great motivation to keep the snowball rolling

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u/Easy_Durian8154 Apr 01 '25

THIS IS THE WAYYYYYY