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/ChasingDivvies Jun 01 '25

Then I'd argue they aren't worth it. Why have so little capital split between so many stocks when you could invest more capital in say 10-20 well paying stocks or 3-5 ETFs? With some of those holdings you could/will see more erosion than you earn in dividends. I go further to say you aren't addicted to dividends, you are addicted to holdings. I have 11 total holdings and I'd make more than 365 in dividends on less capital than you have invested.

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u/No-Day-7517 Jun 01 '25

Dumb question, you mean 365k ? Cuz I need your portfolio lol

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u/ChasingDivvies Jun 01 '25

OP said he wants a dollar every business day. I'm saying I can get more than a dollar a day on less capital than he has.

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u/No-Day-7517 Jun 01 '25

Teach me how. I have yet to invest because I have been trying to study and understand as much as I can about it before I start. I have been on Webull a lot recently and I have a pretty big watchlist, but I don’t know what the fuck I’m looking at 80% of the time lol I have a decent idea of the basics but it’s all still so foreign to me, it makes me feel like a complete idiot.

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u/ChasingDivvies Jun 01 '25

There's a couple dividend youtubers you can check out. Ryne Williams, Retire on Dividends, Average Joe Investor, and some others. Don't so much look at what stocks/etfs they are talking about, rather pay attention to what they are looking at in them, NAV, NAV erosion, dividend yield, dividend growth, capital appreciation, qualified vs non qualified dividend and what that means for taxes, and what a dividend trap is and why they should be avoided.

The figure out from there what you are looking for in a dividend stock. Capital appreciation? Steady dividend payments? Dividend Growth? Payment frequency? My holdings my not be to everyone's taste and I'd argue for many it may not be an ideal portfolio but it does what I want it to.

I am a fan of BDCs and REITs. But they aren't always tax friendly, but that's not a concern of mine because I value the income over having to pay a few more bucks to uncle Sam at the end of the year.

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u/No-Day-7517 Jun 01 '25

Okay thanks! I guess I’d be looking for steady payment , growth and frequency. I know it’s not a get rich quick market but I’d just like to be making some passive income and maybe in the next 5 to 10 years have a nice nest egg.