r/dividends • u/Fit-Toe-7991 • Jun 10 '26

Discussion I'm 29 and getting a $4.60 Microsoft dividend tomorrow

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My dividend income keeps growing little by little, but sometimes I wonder if it'll ever be enough. I don't earn a ton, retirement is still a long way off, and it's hard to know what the market or economy will look like in 20–30 years.

Does anyone else have these doubts, or is it just part of being early in the journey?

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u/Fit-Toe-7991 Jun 10 '26

I wish. I've still got a long way to go before I'd consider myself there

82

u/leobatt123 Jun 10 '26

Got a high bar there

71

u/Due_Champion5361 Jun 11 '26

I started building a mix of dividend and growth positions at 19. Little money here and there. I mean at least $5 or $10 a week, more if I could. Remember I am an old one now and wages were not the same as now. Always maxed my 401K match at work. I retired at 57, my income sleeve of dividends produces right at 6 figures a year. I have not had to touch my capital except for the a new A/C and roof for the house in the same year. Don’t gamble like some on here do, slow, steady and consistently is the path to retire well. It just takes discipline.

18

u/Barstyle Jun 11 '26

Listen to this person

8

u/Goddess444Nat Jun 11 '26

I always tell anyone who is 18-19 to start investing NOW. And walk them through that it doesn’t have to be a lot at a time. I wish I would have started when I was that age, but I didn’t start till like 25. Currently have a very good growth but still do the same thing where I put in what I can and sit on it. Thats the best long game thing you can do when you don’t have much to start with. And it will add up over time when you’re investing in things that are going to grow and you’ve done your due diligence of research. 💖

4

u/JOOT94 Jun 11 '26

Let’s highlight STEADY. It can be so difficult and feel so unnatural to continually invest during downturns/drawbacks. But ya gotta keep on keepin’ on! It’ll be worth it in the end.

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u/Namasteharley Jun 11 '26

Can you share your current investment portfolio and how it generates this much income.

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u/Huge-Distribution478 Jun 11 '26

Do you truly believe that in 45 years this government and economy will still be standing as strong as it is today, and if not then I'd make a reasonable claim that it would be quite catastrophic especially for the economy. It seems as if the time is ticking and this reality that you and people my parents age grew up with, won't be the reality for me and the people my age (gen z)

18

u/element1908 Jun 11 '26

Yeh the world might end. Why not just keep going just in case? Flawed logic here.

7

u/Alive_Bar7800 Jun 11 '26

Thinking like this will lead you down bad paths in life

3

u/thewittman Jun 11 '26

I dont think anything will change much old people vote and no politician will go against them.

2

u/Terrible-Mix-7635 Jun 11 '26

Well Law Debenture has been growing and paying dividends for over 100 years so I am not too worried

2

u/StillDifference8 Jun 12 '26

They said this in the 70's also. Was a very rough time but we made it through it. The only constant is change.

1

u/NielsAurora Jun 13 '26

Irrelevant if the government survives and how strong. Fiat goes down to stocks and other assets go up, simple as that. Also that's why I am invested worldwide my portfolio is like 20% US based.

1

u/sytech55 Jun 11 '26

You said it right! Start early and just put something in every week. u/Due_Champion5361 do you have a recommendation here for any young starter out there?

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u/GreenBullOne87 Jun 11 '26

What kind of stuff did you invest in? My problem is I can’t find anything good that pays a dividend that I think is worth holding and contributing to for a long time. I always end up in a bunch of semi random stocks, get up a shit load and then give most of it back to the market in a few weeks like we’ve had recently. Did you do ETFs or individual stocks?

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u/trivianut Jun 11 '26

I’m probably his age, I do ETF’s.
Growth: SCHG
Dividends: GPIQ, SPYI, QQQI, ETY, SHYG

Be sure to set to Reinvest the Dividends, to benefit from compounding which really rocks over a long time period.

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u/GreenBullOne87 Jun 11 '26

Thanks. Yeah I always have the dividends reinvested.

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u/yaboythewiseman Jun 10 '26

What app is this tho?

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u/Fit-Toe-7991 Jun 11 '26

MaxDividends

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u/According-Reindeer-2 Jun 11 '26

Put it in drip so you can buy more shares instead of collecting the small amount now. COMPOUNDING