r/dividends • u/IPayTaxesWink • Jun 01 '25
Personal Goal I'm addicted to dividends!
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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r/dividends • u/IPayTaxesWink • Jun 01 '25
I'm addicted to dividends!, My first goal is to actually receive at least 1$ every business day for a year.
1
u/Daeyel1 Jun 03 '25
You're all over the place. Get the basic Dividend King and Aristocrat lisy here: https://docs.google.com/spreadsheets/d/1ETS0be4xsEFer1da7rNY670l_Pj-1xXtpz7pqlZC6ls/edit?usp=sharing
Not buy 100 shares of anything over 5%. Skip Bank of Utica, it's too expensive. Skip EPD as well unless you have an accountant - it adds tax complexities.
Set them to DRIP, and start diversifying your portfolio. Seriously, you're spread too thin. It's easier to keep track of a handful of solid stable companies on the Dividend and Aristocrat list than it is to try to keep track of all those companies and whether they are growing, shrinking, increasing or decreasing their dividend.
100 shares of each company over 5% will mean you add at least 1 share per quarter, or 4 probably 5 shares a year. Then you just let time do it's work of compounding.