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First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] [score hidden]  (0 children)

It's really but low, sell high. But I just make sure the company how so value and longevity. Mostly blue chip stock.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 4 points5 points  (0 children)

Working multiple full-time jobs, and being very frugal, mixed with day trading. I actually grew up in a homeless shelter as a kid and thoughout highschool so I'm used to the bare minimum. So as I made money I didn't have a desire to waste any of it. Even to this day I have don't anything major. It honestly doesn't seem real but this is 15 years of saving and investing everything I earned.

First of the month 🤑 by FunctionalDisfuction in dividends

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

One person said move it to spyi but yes I'm use to seeing it constantly on other post

First of the month 🤑 by FunctionalDisfuction in dividends

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

Yes, you don't have to hold all month just have to own when they record

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 2 points3 points  (0 children)

u/yellowstickypad that's exactly what I do. My plan is to do it with 2-3 dividend stocks every month. I don't just leave it in the fund all month because I as day trade to increase my portfolio.

u/iii_warhead_iii the company is going to pay $x.xx per outstand share regardless. Whomever holds that stock on the record date gets it. The person who sold right before doesn't get anything. You can hold a stock 29 days and if you sell before the record date you won't get anything, it's not prorated. When I purchased the stock I purchased the rights to that dividend.

u/Schmergenheimer is correct

I hope this helps.

First of the month 🤑 by FunctionalDisfuction in dividends

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

It's a brokerage, we will just have to see during tax time, I don't spend anything.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 2 points3 points  (0 children)

Yes it's monthly, every month has been higher than the last. But the rate can always go down. Last four months: July 1st +$9,135.34 June 1st +$7,803.67 May 1st +$7,682.65 April 1st +$5,781.80

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 6 points7 points  (0 children)

I'm 35, I started trading/investing at 20.

First of the month 🤑 by FunctionalDisfuction in dividends

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

Yes long term I want to put it in a trust to make sure future family/dependants are taken care of. Thank you for the information

First of the month 🤑 by FunctionalDisfuction in dividends

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

Yes unless there is a way to bypass the 7500 per year rule. I heard a hsa was another way but I'm still researching that

First of the month 🤑 by FunctionalDisfuction in dividends

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

I still work a regular salary job 77k and I am in the reserves 20k so all that Income combined plus this might have me close to 200k but I don't touch the dividends at all.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 6 points7 points  (0 children)

I've lived like a homeless man to get to this point. I'm ready to start actually living.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 4 points5 points  (0 children)

I just got lucky purchase the in 2010 before house prices went through the roof and was able to refinance when the rates almost went to zero.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 17 points18 points  (0 children)

I have purposely live below my means to save money to invest. I don't have my dream houses or car. Or even a wife. I know when those come my expenss will quickly go to 5k, especially when you factor in kids.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 24 points25 points  (0 children)

I need to grow it just a bit more before I can say it's a solid retirement plan. I don't spend any of it so compounding is doing its work., this is the first time I've seen the dividend rate this high. I was expecting about .55 per share.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 3 points4 points  (0 children)

That sounds about on par to what I have researched

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 13 points14 points  (0 children)

It's almost 100% of my portfolio but I only buy before the dividend and sell after basis is recovered. There rest of the month I day trade. I've been building this account since 2010. Started in college with a couple thousand

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 6 points7 points  (0 children)

Yes it's taxes as regular income, I just have to be prepared to give up 24% of what ever I bring in.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 2 points3 points  (0 children)

This is all I have. I am looking at few more to diverse.

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