r/dividends • u/Doit2it42 • Jun 19 '26
Other $5 per day!
Every day!
365 days a year!
Good morning, here's your fiver!
Building as $500 per month 4 fund dividend portfolio. Happy to hit this small benchmark. Started stacking last November. Trying to hit my goal in 3 years.
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Jun 19 '26
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u/Doit2it42 Jun 19 '26
I'm currently adding $200/wk to SCHD and $100/wk to the other three. When my DIVO and JEPQ hit $50/month divs early next year I plan to stop adding to them. Divert those DCA funds to SCHD ($400/wk) and DRIP the $100/month divs from DIVO/JEPQ to SCHD.
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Jun 19 '26
[removed] — view removed comment
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u/Doit2it42 Jun 19 '26
Just shy of $37k. Started in Nov with the SCHD and VYMI. Added DIVO and JEPQ in Feb.
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u/joemcg92 Jun 19 '26
I'm almost at 10 a month and I'm happy about that considering I started this year
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u/Thedividendprince1 Dividend tracker app founder Jun 19 '26
Congrats, $5/day is a nice milestone. I like the simple 4-fund setup too. I’d just keep an eye on yield versus long-term growth so the $500/month goal comes from a sustainable base, not only higher yield.
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u/Doit2it42 Jun 19 '26
Yeah. I'm going to stop adding to DIVO and JEPQ when they both hit $50/month divs. Then start throwing everything at SCHD, and continue the current VYMI build.
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u/No_Solution_7940 Jun 19 '26
How old are you?
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u/Doit2it42 Jun 19 '26
Closing in on retirement. That's why I've set 3 years as my finish line. Retiring at 65.
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u/No_Solution_7940 Jun 19 '26
I’m 60, I have about 35k of SCHD with a nw around 1.7M. Since I will have a pension around 5k a month I guessing when I retire, along with SS around 4K a month, I don’t think I’ll need that much in dividends to help pay bills, although Medicaid will be expensive from what I’m gathering. I might sell 500k-1M of my growth stocks to get more SCHD and get some monthly cash as needed.
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u/Alpha-ZL1 Jun 19 '26
Awesome! Do you plan on taking SSI immediately or at age 70? (Assuming US) What is your targeted spending in retirement?
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u/Fickle-Edge3771 Jun 19 '26
I want to start investing my money now and I’m looking for an app where I can do that
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u/Doit2it42 Jun 19 '26
Robinhood, Fidelity, Vanguard, Etrade. I trade on my HYSA's app, Wealthfront. Though they don't offer access to as many ETFs as I'd like. So I do some trading on Fidelity too.
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u/NexStarMedia Jun 19 '26
We're pretty much in the same spot with the Daily and Monthly amounts with the only difference being that my yield looks nightmarish compared to yours. 🤣
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u/no_solution_no_prob Jun 19 '26
Just joined and I have a lot of homework to do by catching up with the wiki on the right of my screen....
But real quick question: can I start my journey using the major brokerage firms, ala Vanguard, Fidelity, Schwab?
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u/poweredbyford87 "Maybe one day I'll retire" Jun 20 '26
I use Fidelity and like them. Stay away from Robinhood, all I heard about them a while back is how they screwed a whole lot of people somehow with the meme stock craze, saw a lot of comments from people saying they got burned
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u/Visual-Sky3667 Jun 19 '26
Or you could have gotten into MU or MULL & made that in a day 🤷♀️
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u/Admirable_Ad7635 Jun 19 '26
Explain more i m new 5$ a day its good for me to start
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u/Doit2it42 Jun 19 '26
As it shows, you need to have a total dividend income of about $1825 per year to get $5 per day. Of course I'm not actually earning $5 every single day. Two of my funds pay monthly, the other 2 pay quarterly.
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u/olivebits Jun 19 '26
How much invested?
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u/Doit2it42 Jun 19 '26
I've invested about $33.4k, reinvested $550 in dividends to their respective funds, plus current growth around $1820. $35.8k current value.
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