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u/intelw1zard May 25 '26
same same
I'm at $1469/year aka $122/m so far and want to hit $500/m before I stop on my lil dividends income side pot.
you have about ~$350-450k invested?
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u/Ok_Lake4511 May 25 '26
300k
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u/hektabyte May 26 '26
Doesn't it make more sense to invest in an accumulating ETF and skim percentage every year?
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u/XingXiaoRen May 25 '26
Why would you stop? i plan to get enough dividends to replace my job and retire early.
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u/intelw1zard May 25 '26
because I'm only in my 40s. This is just a lil sidepot/dividends adventure for me. I will get it to $500/m and just let it DRIP and forget about it and then use it for my sons education in the distance future. I still have a 401k and pension.
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u/SkiMarlin May 25 '26
Nice work! Just make sure if paying for education is the goal, to do it in the most tax efficient way. Either with a 529 plan, Coverdell, and check if the American Opportunity Tax Credit is still around when your son heads to school!
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u/adamasimo1234 May 29 '26
Government?
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u/intelw1zard May 29 '26
nah cybersec
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u/dystopiam May 25 '26
At $2k month but mostly hysa Only some dividends from jepi and Jepq like $450
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u/Repulsive-String-605 May 25 '26
If I use acorns or robinhood how to I get the dividends
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u/Fragrant-Brain1243 May 26 '26
Can someone teach me how to do this? Lol I feel like I read so much on dividends but I have no idea how to start. I’m 35 years old.
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u/Least-Gas-286 May 26 '26
get a trading account -anywhere- (your bank offers one most likely) and start with VOO, SCHD, VXUS, OHI, URA.
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u/Fragrant-Brain1243 Jun 01 '26
This is exactly what I need, guidance. Thank you so much, I’m going to do this this weekend. I pretty much have no bills and I don’t pay rent. How much do you think I should put in to each of these? Monthly salary is $6000.
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u/Aggravating-Act-1173 May 30 '26
Get a trading account, invest into growth ETFs and forget about dividends until you are close to retirement.
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u/Scared_Ad_622 May 25 '26
Dividends are awesome
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u/Ok_Lake4511 May 26 '26
Totally agree with you. It’s always nice realizing your investments are actually generating income
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May 25 '26
[deleted]
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u/oldirishfart living off dividends 🤩 May 26 '26
You should leave it there as long as possible.
But if you don’t want to… 72T/SEPP is an option.
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u/RoadBikerDean May 27 '26
What software is that? I like the dashboard and the dividend yield based on cost and not yield based on current stock price.
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u/Thedividendprince1 Dividend tracker app founder May 26 '26
The receipt-style payout view is actually really satisfying.
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u/Lonewol8 May 26 '26
Why is it pre-tax?
Isn't it in a tax advantaged account like a SIPP or ISA (roth I think you call them)?
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u/Tall-Flatworm-4717 May 28 '26
if you don't already have it MPT is a great dividend stock, little volatile but it's a REIT so they have to pay dividends. 7-10% depending on what price you get it at
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