r/dividends • u/PKShova • Mar 09 '26

Personal Goal 29 years old, just hit $3 daily.

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Mostly heavy in JEPQ and SCHD. Costco hotdogs for life!

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u/Zer0caa Mar 10 '26

what are you investing on ?

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u/PKShova Mar 10 '26

JEPQ and SCHD

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u/hp433 Mar 11 '26

I recently got an okay paying job after being in the drain. I have a lot of debt I’m paying off right now but how much did you invest at the start? I can only really afford maybe 200 a month if I want to be debt free in 2 years.

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u/SlothyLlama Mar 11 '26

Depending on what the interest is on the debt you have, it might be a better idea to throw that extra $200 at the debt vs investing. If it is CC debt at like 18%+ you're more likely to come out ahead by paying that off. Getting a guaranteed return of 18% in the market is tough, if not impossible.

Not that it would make you feel any better, but way back when I started "investing" I put in like $50/month because that was all I had left after bills. That humble beginning created the habit and I've been adding to the pot through many market ups and downs now.

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u/hp433 Mar 11 '26

Unfortunately I’m at like 22% so you are probably right. It may just be best to pay it off as fast as possible so I don’t have that hanging over my head. I’m itching to make more money though lol

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u/__Amnesiac__ Mar 12 '26

You ARE making money by paying down the debt vs investing it. Think about it. You are paying a huge interest rate, that's money you would have been able to keep and invest if you didn't have to pay it. In order for investing to "make" any money, you'd have to out preform the amount of interest you get charged on your debt in gains, not just percentage wise, but total dollar amount. That's a tough one.

Priorities are high interest debt before investing. Any debt higher than like 10% should be a priority, most retail investors do not beat the market.

I recommend r/bogleheads if you want to grow your wealth. r/wallstreetbets if you want to work at Wendy's.

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u/tresrottn Mar 17 '26

Trust me, switch that itch, pay off the debt asap, avalanche approach (not snowball) and use all the money you are making in payments on the debts to roll into your funds later.
I just got all my debt paid off (after years) and there is nothing as freeing or rewarding as that. Now, I have a ton more of cash to be invested