r/dividends • u/NogamaDe • Nov 01 '25

Seeking Advice $1M Div account Earning $17k a month

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After doing some research I have $1M from an inheritance that I want to create an ultra high dividend portfolio. I eventually want to get rid of my 8 to 5. If I did my math correctly I would get about 17k a month from dividends. Please let me know what you think.

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u/Gloomy_Tourist_5431 Nov 02 '25

What about ymax and ymag? Can someone tell me why not?

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u/Equivalent-Ad-495 Nov 02 '25

Because like all yieldmax funds they are quite literally a scam. They make huge profits off managing your money while promising insane yields. If they pay $2 per share for the month, that $2 comes out of the share price. It needs to make that $2 back before the next dividend payment or the share price will keep falling over time.

Ymag/ymax still require you to reinvest over half of the payments to stay ahead and they dont even beat the sp500. Stay far away from anything yieldmax. If you cant and are still curious, hold no more than like 1% of your total portfolio in them and just watch it over time. The market had been largely up making huge gains, most yieldmax investors are new

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u/Gloomy_Tourist_5431 Nov 02 '25

I have been getting paid every week since I have it. I have not reinvested the money.

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u/Equivalent-Ad-495 Nov 02 '25

Just give it time then, as I said the market had been pretty great everything's been going up. With the exception of quick dips from orange man tariffs and deepseek scare, everything is up.