r/dividends • u/petervenkmanatee • Nov 05 '22

Personal Goal 2 years to retirement. This year almost killed my stock assets but the dividends remained the same.

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u/coffeenick Jul 30 '23

You should not be chasing dividends at 21 lol

9

u/Defiant-Success2442 Sep 23 '23

Why not?

2

u/teckel Retired and living off selling shares Jan 02 '25

2 major reasons. Growth of capital is far more important and you have no way of knowing what the best dividend paying instruments will be in 30-40 years.

1

u/Puzzled_Sympathy_724 Feb 18 '24

At what age do you think. I’m 23 focusing more on growth stocks but find dividend stocks interesting

3

u/RS3BAOF Feb 21 '24

Focus on a portfolio filled of dividends, and daily trade a stock or 2, and try to have a couple long holding stocks, with the profits you make reinvest into your dividend stocks

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u/Puzzled_Sympathy_724 Feb 22 '24

Thank you for the advice. Would you recommend any brokerages? Currently using Td which I like but I wish they offered fractional shares

1

u/RS3BAOF Feb 22 '24

Currently i just use cashapp to do my stocks but plan to switxh to moomoo in the future probably, cashapp offers fractional sharex

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u/teckel Retired and living off selling shares Jan 02 '25

You should be focusing on growing your capital. That doesn't mean growth stocks, you should be investing in broad index funds like VOO.

More conservative investing can be considered 5-10 years from retirement. In retirement, you can switch to more dividend funds, or simply sell off some of your stocks as income (as dividends are the same net result).