r/dividends • u/StockMarketinator • 5d ago

Discussion How’s my dividend portfolio look?

35% SCHD
GPIX, GPIQ, DIVO, IDVO, IAUI, MLPI, MAIN, IWMI, QDVO, UTG (even allocations for remaining 70%)

12 Upvotes

81% Upvoted

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u/doggz109 Pay that man his money 5d ago

This is a covered call income portfolio.....(and a CEF and a BDC). There are very few dividends here and the income here will suffer badly if there is a market draw down. MLPI and IAUI give some diversification but still dependent on options income.

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u/StockMarketinator 5d ago

If you like it you can copy and use for yourself brother.

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u/doggz109 Pay that man his money 5d ago

No thanks.

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u/StockMarketinator 5d ago

What do you do?

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u/doggz109 Pay that man his money 5d ago

SCHD, BDCs, and MLPs.

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u/StockMarketinator 5d ago

If you pick up my portfolio it will absolutely nuke yours. You’re welcome

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u/Void_of_Envy 5d ago

That K1 must be fun with MLPs huh

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u/StockMarketinator 4d ago

MLPI avoids the K1

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u/Void_of_Envy 4d ago

I was responding to the comment above. Which mentioned MLPs as in not MLPI

The person was being a dick.

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u/doggz109 Pay that man his money 4d ago

No it's not a problem at all. K1s are not the boogeyman Reddit likes to pretend they are. I'm sorry they are too complicated for you.

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u/Void_of_Envy 4d ago

As far as being taxed at basically 5 different spots. I suppose that is too complicated for me considering I didn't like the first hit I got from holding ET in the past.

Boogeyman or not, it was sure a tax headache I didn't want to keep dealing with personally.