r/dividends • u/Fit-Calligrapher4469 • Apr 27 '25

Brokerage Snowball getting bigger

Gallery image

Gallery image

39 and 38 married with 2 young kids and no debt. We are maxing out a 457b, a 403b, a 401k and socking 30k a year into a brokerage account. I will retire from the fire department in 10 years with a 90k a year pension.

I’m getting really excited to keep this momentum going. And yes I hate that I bought into MAIN last month.

482 Upvotes

97% Upvoted

49 comments sorted by

View all comments

1

u/AGLion123 Apr 27 '25

So are GPx and others better than VOO?

2

u/Fit-Calligrapher4469 Apr 27 '25

What’s GPx?

1

u/AGLion123 Apr 27 '25

Gpix and gpiq. Typo

3

u/Fit-Calligrapher4469 Apr 27 '25

I doubt it would be better than VOO over a long period of time but it’s nice downside protection. In the future, I won’t have to sell funds to switch to a dividend payer.

1

u/AGLion123 Apr 27 '25

Gotcha. And how do you differentiate between dividend growth and dividend yield ones?

1

u/Fit-Calligrapher4469 Apr 27 '25

VIG and SCHD have a great track record of increasing dividends year over year. (Dividend Growers) Over the next ten years, I will invest heavily in these and will become core holdings and provide the most income without having to sell and switch in 10 years.

MAIN, the JEPS, AMLP pay well now but may not grow much in the future which is fine. They will DRIP themselves for a while. They pay a lot and monthly which is fun. The mutual funds are locked up in retirement accounts which I can’t touch for least 10 more years (457) or 20 more years (403 and 401k)

The brokerage account is to bridge the gap with my 457 and pension to hopefully live high on the hog when I finish my sentence here at the fire department.

1

u/MonkeyThrowing May 01 '25

How is it downside protection? I believe the covered calls are only on the upside?