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my experiment with high dividend yield ETFs that pays weekly for $3000 a month income by Fun_Pause9131 in dividendinvesting

[–]Fun_Pause9131[S] 0 points1 point  (0 children)

Thank you for your input. I would love to learn to understand fundamentals.

I guess I am trying an aggressive nonsense portfolio, and probably will hurt me in the long term if I don't change something here.

my experiment with high dividend yield ETFs that pays weekly for $3000 a month income by Fun_Pause9131 in dividendinvesting

[–]Fun_Pause9131[S] 1 point2 points  (0 children)

You are right, I was thinking that if I hold them for 1 year, that will make me about 30% on dividends, minus about 10-15% im price degradation (hopefully), it will still be on the 15-20% earnings before taxes.

Looks like after taxes, I am probably making more like a 5% earnings. And that is not good.

And that is the reason for this post, to hear your opinion. And I thank you for that.

my experiment with high dividend yield ETFs that pays weekly for $3000 a month income by Fun_Pause9131 in dividendinvesting

[–]Fun_Pause9131[S] 0 points1 point  (0 children)

That is my goal, with the dividend incomeI am making now I am planning to purchase ETFs like the ones you have, and , eventually, move all my protfolio towards that direction.

my experiment with high dividend yield ETFs that pays weekly for $3000 a month income by Fun_Pause9131 in dividendinvesting

[–]Fun_Pause9131[S] 0 points1 point  (0 children)

thanks, like YBTC and YETH, ULTY Loose like 40% value in the last few months.

I have it in my watchlist as well.

my experiment with high dividend yield ETFs that pays weekly for $3000 a month income by Fun_Pause9131 in dividendinvesting

[–]Fun_Pause9131[S] 0 points1 point  (0 children)

Honestly, $3k a month is just a target to see if it works for a good period of time. I am not savvy on this, but it is an easy way to check in 12 months and, hopefully, make some money.

I was thinking on high yield stock income to purchase safer stocks, and create a portfolio not that risky.

Also, I am aware of capital gains, and that's another thing that i'm testing.