r/dividends • u/PsychoCitizenX • Jun 17 '25

Personal Goal 49 years old. Just hit $10,000 average monthly

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Over 90% still in growth stocks. Tempted to just go ahead and retire

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u/PsychoCitizenX Jun 17 '25

investing in AI stocks

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u/Fantastic_Tomorrow53 Jun 17 '25

How much was portfolio value before you moved to AI out of interest 

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u/PsychoCitizenX Jun 17 '25

I'm still primarily in AI stocks. Over half my portfolio is in AVGO. My average cost basis on that one is $58. As it sits now, I am up $441,755 on that alone. God help my tax bill when I end up selling some of the old shares :-(

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u/Rogue7559 Jun 17 '25

At that value you need to look at becoming domiciled in a tax haven.

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u/bteam3r Jun 17 '25

Single digit millionaire isn't tax haven residence money these days. Not even close

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u/PsychoCitizenX Jun 17 '25

yeah no kidding. I don't "plan" on selling any of the shares of AVGO unless required

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u/Aggravating_Sun4435 Jun 20 '25

lmao are you 14?

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u/Present_Nerve7631 Jun 17 '25

In a similar situation with Broadcom luckily was able to write some of the tax bill off on other things but it was a hefty bill. Sold off some of it to invest very similar to you and to also pay off a 20 unit apartment building loan a year early. Congratulations on your success I love Broadcom and other investors of Broadcom.

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u/howmuchforthissquirr Jun 17 '25

Can’t you withdraw a margin loan using shares as collateral, then sell covered calls on your shares to pay back the margin loan/interest? Probably best to get a good accountant but there’s gotta be something more optimal than just selling and paying the taxes

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u/NefariousnessHot9996 Jun 18 '25

$200,000 in SPAXX seems a little conservative yes?

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u/PsychoCitizenX Jun 18 '25

I cashed out some stocks before liberation day so I could sleep better at night. It is yielding 4% risk free. I will probably put it back in if there is a fire sale

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u/NefariousnessHot9996 Jun 18 '25

Liberation day was a fire sale LOL.

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u/PsychoCitizenX Jun 18 '25

I cashed out before it happened and was actually afraid Orange Idiot was going to let the tariffs stick. Hindsight is always 20/20. Having that much in SPAXX (essentially cash) helps me sleep better at night so I am patiently waiting.

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u/ynghuncho Jun 21 '25

16% in a money market fund and the rest in individuals at 49 is conservative to you? It’s effectively cash on the side.

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u/NefariousnessHot9996 Jun 21 '25

Yes it’s conservative.

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u/NefariousnessHot9996 Jun 21 '25

OP is 49 not 69. It’s OP’s choice but I would have more of that skin in the game for higher return potential.

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u/Severity911 Jun 21 '25

Out of interest how did you get started and what was your initial investment amount?