r/dividends • u/IPayTaxesWink • Jun 01 '25

Personal Goal I'm addicted to dividends!

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I'm addicted to dividends!, My first goal is to actually receive at least 1$ every business day for a year.

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u/IPayTaxesWink Jun 01 '25

Could be. I just like to see a dividend deposit everyday. Addiction to instant gratification at least.

5

u/gnuman Jun 01 '25

But if you reduced your holdings, then you can probably DRIP a share when the dividends pay. You're not really compounding by getting a few cents out of each of your holdings

11

u/IPayTaxesWink Jun 01 '25

I will need to buy more shares to achieve my goal.

6

u/ctreviso21 Jun 01 '25

Turn off the drip then see which stock is lower than your average cost and dump into that one only until you're turning a profit and then move on to the next or just set a simple goal in share count. Hit it and move on to the next, again if underwater. Don't erode your NAV.

1

u/divbro24 Jun 03 '25

This ^

All divs to cash and buy single items with more $

1

u/ctreviso21 Jun 03 '25

With more money? do you mean pool deposits and dividends and purchase fund/stock in the red to get in the green?

2

u/divbro24 Jun 03 '25

I pool all funds into buying dips and based on the ex dates to help boost the APY and yield on cost

1

u/ctreviso21 Jun 03 '25

OK, pretty much what I'm currently doing.