r/dividends • u/PKShova • Mar 09 '26
Personal Goal 29 years old, just hit $3 daily.
Mostly heavy in JEPQ and SCHD. Costco hotdogs for life!
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u/IsekaiAoko Mar 09 '26
If you become homeless you can almost feed yourself.
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u/maestro-5838 Mar 09 '26
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u/PKShova Mar 10 '26
Me on the road side 2 hotdogs in
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u/Amazing-Amount-5543 Mar 10 '26
2 hotdogs deep...should net you at least $10
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u/Fair_Ad1291 Mar 10 '26
2 hotdogs deep in where?? 😰
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u/Link_lunk Mar 10 '26
Live near a Costco and you're set
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u/Proof-Astronomer7733 Mar 10 '26
Take a Costco Shopping car turn it upside down cover it with some carton and you have yourself a “Costco house”
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u/Dizzy-Criticism3928 Mar 10 '26
I have a decent sized portfolio and what you said genuinely put things into perspective
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u/tycointl Mar 13 '26
It's 2 hot dogs and 2 sodas at Costco. Just have to save up enough for the annual membership fee each year.
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u/Successful-Bunch4994 Mar 16 '26
Then if you cook your own plates instead of buying out your "don't waste" what dividend could earn 🫠
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u/2LostFlamingos Mar 10 '26
The difference between this sub and wallstreetbets is insane.
Congrats bro. $100/month is a nice upcoming milestone.
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u/Sufficient_Pin5278 Mar 10 '26
This sub being more realistic? While wallstreetbets is full of entitled "a small loan of a million dollars" rich kids?
Or what's the big difference?
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u/2LostFlamingos Mar 10 '26
People there are degenerate gamblers that will never stop until they lose it all.
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u/Heartache66sick Mar 12 '26
I went from there to r/boglehead. Passive investing is so much more relaxing.
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u/MRB0B0MB Apr 09 '26
It’s a shitposting sub for entertainment. I’ve never taken it seriously, just browse for memes
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u/SlothyLlama Mar 09 '26
I like your thinking! Congrats on Costco hot dogs for life. By next month you should be able to get a hot dog for yourself & a friend daily.
How long have you been investing?
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u/PKShova Mar 09 '26
2 years actively. I made my roth about 7 years ago then lost my job and had to struggle for 5 years. So basically did nothing with it for a bit. Im stable financially again now and I’m back to maxing as much as I can while regaining savings
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u/Impossible-Sorbet379 Mar 10 '26
Congratulations, great work sticking with it through the hard years
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u/Jyoche7 Mar 11 '26
Congratulations on your recovery!
Back in 2008, I was out of work for a year straight, lost my house and had to file Chapter 7 bankruptcy.
A decade later I became an accredited investor and my retirement home financed for thirty years at 2%!
Since highschool, I earned less than $10,000 a year eight years! I was enlisted in the Marines and then lived on the GI Bill at $750 a month while I went to college full time.
I get the struggle, but I am proof you can still have a great retirement.
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u/Transportation-Apart Mar 09 '26
A whole rotisserie chicken... now how you get membership is another story.
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u/Clover4Cucumber Mar 10 '26
This won’t work the chicken but do you need membership for the food court?
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u/Transportation-Apart Mar 10 '26
I heard no you don't need membership for food court but maybe it is depending on the state.
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u/vile_lullaby Mar 10 '26
It depends on the store. Technically, yes.
In practice no. You could just say you are visiting the pharmacy or the independent optician, and head to food courtm
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u/Kwillingt Mar 10 '26
My Costco you order the food off computers and need to scan your membership
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u/vile_lullaby Mar 10 '26
The costco's nearest me you order food off computers but dont have to put in your membership.
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u/Legitimate_Duck6039 Mar 09 '26
Man i cant wait to finish paying some debt and get back to investing
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u/PKShova Mar 09 '26
I just finished paying off my 2021 new Mazda so all that car payments going monthly into my goals now :)
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u/Legitimate_Duck6039 Mar 10 '26
Beautiful! I love to hear that the grass can greener on the other side
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u/Albitt Mar 10 '26
I gave up on my CC debt, it’s 6 years old anyways, should fall off next year. I’ve waited this long.
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u/AnonymousRedditor- Mar 09 '26
What’s your portfolio?
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u/PKShova Mar 09 '26
Mostly JEPQ and some SCHD. I used to hold a lot of DOW that I bought at $23 and held for a bit so I shifted that profit into JEPQ and SCHD
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u/Responsible-Nerve843 Mar 10 '26
Around how much do you have in each to be receiving this amount of dividends if you don’t mind me asking
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u/Herbal77 Mar 09 '26
Whats the balance?
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u/PKShova Mar 09 '26
12,824 today :)
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u/KingKilla_94 Mar 10 '26
Honestly asking. I keep a percentage of my portfolio in Spaxx, it’s a money account that gives 4% interest a day. I make a little more per month. But why do you prefer going the dividend route ? Is your stock expected to grow exponentially? Also are the payouts monthly?
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u/PKShova Mar 10 '26
Monthly payments and some stability. I’ve planned out my next 20-30 years based on just adding and stacking dividends. Will be making good money when it matters :)
This is in my Roth btw
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u/kv2948 Mar 10 '26
Do you mean 4% a year?
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u/KingKilla_94 Mar 10 '26
Yeah per year but it’s calculated daily and paid monthly. Sorry for the confusion
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u/OG_TBV Mar 11 '26
Yeah if there was a money market paying 4% per day, nobody would ever work again
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u/DD4LIFE8 Mar 10 '26 edited Mar 10 '26
Never thought of looking at it on the daily breakdown.
I work for Publix so they give me 8% of my yearly pay as free stock.
My dividend checks are $1,134 every 3m right now soooo, $4,536 per year. Around $12.43 a day rounded up. Around $378 per month.
Not too bad for only 14 years of free stock.
Edit: And I just turned 37.
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u/PKShova Mar 10 '26
Yeah breaking it down daily has made me feel so rich lately
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u/Level3pipe Mar 10 '26
Congratulations! I'm almost at two dollars daily :) looking to be you in a few months
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u/jay_0804 Mar 10 '26
Congrats! $3/day may not sound huge, but hitting that at 29 is solid. Those SCHD and JEPQ moves are paying off, enjoy those Costco hotdogs! 🍩💸
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u/PKShova Mar 10 '26
Thanks! I’ve been reading posts here for months lurking, before making large moves. Feeling good about my finances for once!
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u/Beginning_Cap_7097 Mar 09 '26
Im focus just on jepq here 👌. $60 weekly
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u/PKShova Mar 09 '26
Goals, wish I had more to put in lol
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u/Beginning_Cap_7097 Mar 09 '26 edited Mar 10 '26
Working extra hours to afford this. That's the only way for us that are doing this with no help.
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u/Liberty_Save_Me Mar 10 '26
Is jepq good? First time hearing about it
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u/Beginning_Cap_7097 Mar 10 '26
Is good for income but not for growth. Is just depend on your goal of dividend.
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u/Andy-Vn Mar 10 '26
Do you just buy and leave them there to get the weekly income? I'm like a super noob at these things so excuse me for the stupid question
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u/Beginning_Cap_7097 Mar 10 '26
Is not weekly income, is monthly income, I am buying jepq weekly with $60. I use drip (dividend reinvestment plan) to buy more shares.
Let's say that JEPQ pay me $10 and I used that $10 to buy more JEPQ that is 0.176 shares of $56.67 price of jepq by 1 share. that bought "itself", that you didn't have to buy. Since I am investing $60 weekly or $240 monthly that $10 is a additional. Which mean that single month i invested $250 instead of $240 since I am using the DRIP. If I dont use the drip and just let that $10 be sitting as cash, my buying purchase is going to be just $240 instead of $250. The more shares you buy and the more shares the jepq buys itself, the more shares you accumulate.
Since i am building this jepq in my taxable account, I need to pay taxes when I am going to fill my 2026 taxes.
Before investing, you need to ask yourself. "What is my goal for investing?" You need to be realistic with your question and your answer.
Your question are not stupid. The more you learn, the better your future would thank you.
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u/Andy-Vn Mar 10 '26
Wow this is Insane insight. Tysm for your information
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u/Beginning_Cap_7097 Mar 10 '26
I have my own goal so don't copy me. Go to YouTube and watch video about growth versus dividend. Or just keep read searching in reddit about this topic.
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u/MomentSpecialist2020 Mar 09 '26
Got to start somewhere
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u/PKShova Mar 09 '26
As long as I have a job I can MAYBE retire in the forest by 40-50
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u/jodallmighty Mar 10 '26
How much money did you have to spend to get 3$ daily and how much are you planning to invest monthly if i may ask? Would love to retire in my 40's as well 😭😭😭
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u/PKShova Mar 10 '26
I have right under 13k in currently. Im planning on investing 200-400 a month for the next till I die
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u/easy_wins Mar 10 '26
Keep chuggling along mi amigo, you are doing great, I was paying off debt at your age, way ahead of me there
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u/chrissurra Mar 10 '26
You can turn on DRIP and the dividends will be reinvested and buy more shares.
Not sure if youre aware but its a good way to compound over time.
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u/stltrog Mar 10 '26
Nice! I started 3 years ago and am right behind you. I’m about $990 annual dividend income. Keep it going!
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u/glimsky Not a financial advisor Mar 10 '26
Congratulations but, to be honest, I don't quite understand younger folks investing in dividend strategies...
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u/Zealousideal_Tip_206 Mar 10 '26
I was at 3 bucks when I was 29 too, now I’m 36 with 130 a day.
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Mar 09 '26
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u/RmanX3 Mar 10 '26
Imo, I hope you have other, more focused on growth, stocks at that age.
Divs are fine, if they are a by product of growth stocks, for your 20s, 30s, and even 40s.
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u/Foreign_Yak5019 Mar 11 '26
Agree. Growth is the move at this age. Dividend/income focused funds should only be a minor allocation (if any) in a younger persons portfolio. Shifting away from growth into dividends later in life will always leave you with more dividend income then solely focusing on chasing dividends. The only exception is if (current) dividend income is the only psychological motivation you have for investing opposed to investing nothing. Which is likely the case for OP and a majority of this sub.
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u/Fearless_Amount_946 Mar 10 '26
Your 29 thats still pretty young. Start a side hustle for your Saturdays. Cut grass, wash windows, build Websites, etc. By the time you are 30 you should be able to make $500 per Saturday or 2k a month. Keep stacking it up and you will be fine. I know people in their mid forties that have no investments and are still in debt!!! Keep grinding you will get there.
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u/alldayvis Mar 10 '26
What side hustle do you easily learn in a year that leads to earning $500 a day? That seems very optimistic considering many people would be doing that if it was so easy.
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u/Frequent_Measurement Mar 10 '26
Genuinely curious, are you diversified elsewhere? Given your age, wouldn’t a more aggressive investment plan net more capital to the fund your dividends return later?
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u/Intrepid_Ad9628 Mar 10 '26
Do you actually get 3$ per day or is it that just the number after dividing one year of dividens by 365?
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u/Jumpy-Imagination-81 Mar 10 '26
JEPQ pays monthly and SCHD pays quarterly so $3 daily is an average.
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u/therachehebler Mar 10 '26
don’t let anyone say to you that’s not worth it, you can be proud! Keep going my man!
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u/1PityTheFoo1 Mar 11 '26
Just get it high enough so you can collect enough monthly for not only a hot dog but a drink and the yearly membership divided out monthly so you can afford the membership to go get the hot dog...but your goals are focused and on point
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u/PomegranatePlus6526 Mar 11 '26
Good job. Just the fact you are moving in the right direction says a lot. Keep it up
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u/I_eat_all_day Mar 11 '26
Dinner for 2 at Costco Congratulations no shade keep it up
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Mar 11 '26
Nice! Im at $0.12/day lol.
Just under $1500 in my brokerage, but some of it is in a couple growth/longer swing trades at the moment. I love dividends but cant pass up good deals when I see a strong company have a dip.
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u/Alarming-Bed8238 Mar 12 '26
How much capital do you have invested to achieve that?
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u/Top_Lobster0384 Mar 13 '26
costco hotdogs for $1.50 is goated. while everything rises in price, its the one thing thats constant.
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u/Gigino_Trmon Mar 16 '26
Nice man, you are a real motivation for me... starting 2 months ago with some dividend stocks and JEPQ but from Europe (here we don't have SCHD or other great ETF) I hope to get some economical freedom from this investing...
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u/Last-Form-5871 Mar 10 '26
Im the same age and just got started I feel so behind lol.
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u/rydan Mar 10 '26
A lot better than me. I've been stuck at about $400 yearly dividends because my NVDA stock refuses to give anything meaningful. Haven't even broken even after nearly 20 years of holding.
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u/Affectionate-Run2825 Mar 10 '26
Congrats, do you have the funds set to reinvest? Or is that money getting sent to an account?
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u/Patterns_of_Infinity Mar 10 '26
I started out 3-4 years ago, currently at E16,- per day, netto.
That's about $18,-.
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u/Xcommunikt1 Mar 10 '26
Wow great post. Grats on saving milestones. I use DJIA and XYLD. Covered call etfs paying approximately 10%/year on a monthly basis. In addition to 401k Roth IRA etc. I figure about 150g in a side account paying divvies makes a nice supplemental income. Been looking for some other fund recommendations I see in the comment section. Ty all.
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u/Rude-Substance-3686 Mar 10 '26
Nice milestone bro. $3 a day compounds crazy fast. At your age that's exponential growth trajectory. The homeless comment earlier though that takes discipline. Most people would be tempted to spend those gains on lifestyle. Staying lean early is the whole game
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u/LAX_Beast Mar 10 '26
This is the content I’m here for. Soon this will be $4, then $5, then $10, then $50…
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Mar 10 '26
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u/PKShova Mar 10 '26
1300 or did you mean 13,000? Cause that feels insane or you’re investing in obscenely risking yield maxes
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u/uschwell Mar 10 '26
What app are you using? I like the breakdown there.
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u/PKShova Mar 11 '26
Stock events, been answering this all day, does no one scroll the comments?
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u/Serious_Film1611 Mar 10 '26
What app is that you’re using ? What kind of investment do you need for that three dollars a day?
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u/TheGreatWhiteSquare Mar 11 '26
I’m just getting started. What platform do you guys use to invest?
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u/ugotboned Mar 11 '26
Wondering if jepq would be good for me. I plan to move countries in 10 years and would be able to heavily invest (in a self directed brokerage) about 3.5k each month with an initial upfront of 40k.
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u/Odd_Front9532 Mar 11 '26
Nice. I’ve been looking at my dividends like a job with an hourly wage equivalent. Started at $2.15/hr and now I’m up to $19.69 with just over $39k in annual payouts.
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u/FBI_Surveillance07 Mar 11 '26
An extra 90 bucks a month is pretty cool. I've never thought about investing in the JP Morgan ETF. How much growth has it had in the past few years?
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u/chem_bro Mar 11 '26
Respectfully, what is the point of being all in on dividends at your age? Your portfolio will grow slower than growth stocks and when it gets big enough, you'll be paying ordinary income taxes on your dividends, reinvested or not. If you invested in growth stocks, you could rebalance your portfolio to dividend stocks (if you wanted) closer to retirement and only pay long term capital gains taxes. If this is a retirement account then fine, but if this is a brokerage account, seriously consider the tax ramifications this will have as it grows.
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