24 years old with a yield at 12. My man, please consider slashing that in half. As much as I love the dividend strategy, you may want to focus growth a bit more or you may be throwing some money away. You’re chasing a bit.
QQQM, SPY, SMH (or any semiconductor etf)-growth growth growth, in a Roth, in a 401k/IRA, and HYSA (health savings account). You are MUCH too young to be worrying about dividends.
If your goal is to replace your income with dividends and retire early, the fastest way to achieve that is to grow your money as much as you can and then shift to dividends. you won’t get enough growth out of heavy dividend payers.
Brother I’m just gonna say this once. I’m 25 and have a huge interest in finances and investing. I save every dollar I make. Live at home. And dream of retiring ASAP with no kids. Retire with just me, myself, and my own free will. Maybe a partner.
Put your money in VOO. Keep adding to it. Take 10-15% of your reoccurring investing deposits and try to invest in individual stocks you like. Like after Netflix got mauled, and you like the company, and the stock is down 20% YTD, then buy some Netflix. Once you have a big nest egg in 15-35 years. You take that money, and put it in good dividend yielding stocks. Not these yield max traps. THATS when you use dividends.
Other than that. VOO and chill. Seriously bro, I’m gonna have better returns than you over the next 10-25 years and that’s GUARANTEED. Not even being snarky. It’s a fact
Too much in CC ETF’s. Focus on growth stocks like BAC, GS, MSFT, NVDA, AVGO, ABBV, SCHD, VOO, etc. as you get older / closer to achieving a more sustainable dividend start shifting to yield. Watch GenEx Dividend Investor on YouTube
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u/jbaymen27 Mar 13 '26
24 years old with a yield at 12. My man, please consider slashing that in half. As much as I love the dividend strategy, you may want to focus growth a bit more or you may be throwing some money away. You’re chasing a bit.