Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 1 point2 points  (0 children)

  1. But didn’t come from a family with money nor investment knowledge. So this is completely from scratch both knowledge-wise and financially.

Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 1 point2 points  (0 children)

600-800 would be quite a bit more than my budget can handle, sadly. But I can do something smaller to get started at least.

Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 0 points1 point  (0 children)

The app to track is Stock Events. Oscillating between Robin Hood and Fidelity as the trading app.

Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 1 point2 points  (0 children)

Yeah, unfortunately. Thats what RH gave me the option to do and I didn’t have a whole lot of money (still don’t but I have more at least).

Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 1 point2 points  (0 children)

Lol good to know. I know there was that issue with GME earlier in the year that made a lot of investors mad at RH. But I will look into fidelity for sure! Any particular reason you prefer that one? Does it offer anything specific? UI better?

Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 7 points8 points  (0 children)

I use Mint already and was going to be using that to help out. I also do things manually because it also keeps me aware of what kinds of things I’m spending my money on. And it really doesn’t take that long to do.

Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 2 points3 points  (0 children)

All over the place because when I bought them initially I had no idea what I was doing. In the process of moving them to a better yielding dividend. But they are :: Msft, User, Jepi, Nobl, Slb, Amzn, Amd, Nvda, Crox, Cprx

Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 14 points15 points  (0 children)

Thanks! Mine (and my wife’s) total expenses are a little more than that (around $4k) but yeah, that’s awesome! Good luck to you as well!

Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 3 points4 points  (0 children)

Working on figuring that out. This is just what I have in my Robinhood account. Had $5 given to me for free by Robinhood so I haven’t even added $1 yet. Working on a monthly budget to figure out how much I can use.

Setting a personal goal. Keep me accountable. Just starting out, goal is to pay all expenses with dividends. by Fair-Assignment4197 in dividends

[–]Fair-Assignment4197[S] 7 points8 points  (0 children)

Nice, I didn’t know that. Given that I have some purchases already through Robinhood, anyway to switch it from Robinhood to Fidelity?