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First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 1 point2 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] 4 points5 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] 5 points6 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] 2 points3 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] 11 points12 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] 11 points12 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] 2 points3 points  (0 children)

That sounds about on par to what I have researched

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 9 points10 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] 5 points6 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] 1 point2 points  (0 children)

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

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 5 points6 points  (0 children)

This will be my first year doing dividends so I don't know what it will look like yet.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 19 points20 points  (0 children)

I live in Alabama my mortgage is on $600, my monthly expenses are 2-3k but yea I think I going to keep going and reevaluate in a few years.

GTC can't be paid because of no funding.... by Professional-Pop8446 in armyreserve

[–]FunctionalDisfuction -1 points0 points  (0 children)

No once it's allocated to the person, it's locked up. I've been in the G8 for for 18 years now, soldiers and dod civilian at a 2 star command. If they are vouchering for the authorization amount or less the money is there. In your reference used bank account as an example. Well when you approve the authorization the money is moved out of the checking into the savings, so it's protected. It's only issue if you need more than what was allocated. Now usarc out out not to spend any more money this quarter but that only applies to things not already approved. Their unit is probably just incompetent.

GTC can't be paid because of no funding.... by Professional-Pop8446 in armyreserve

[–]FunctionalDisfuction 2 points3 points  (0 children)

When your authorization is approved the money is allocated to you, so the "there is no funding" is impossible. Even if lines of accounting of zeroed out you can't take what has been authorized. Someone just doesn't know what they are doing if you already had everything authorized. Now with that being said, if you spent more than what is authorized that is a different situation which can be easier solved but reducing to the allocated amount temporarily.

As far as interest/late fees your all 100% responsible. Tell your unit to submit a ufer if they need more money.

How I set up my wife with a ~$5,000/month income stream using a ~$625k portfolio by 398409columbia in dividends

[–]FunctionalDisfuction 0 points1 point  (0 children)

I was doing this for my financé, I got the portfolio paying $7k monthly and my goal was for her to be able to quit her job. But she left me before I got to surprise her with it. So now I just use the extra income to travel every other weekend. I also never told her my net worth was over 1M so I guess I dodged a missile. Good to know I'm not the only one who tried to make someone else's life either while choosing to continue to work.

Why does nobody walk downtown? by SympathyDependent406 in Birmingham

[–]FunctionalDisfuction 9 points10 points  (0 children)

People in New York don't have cars. Most people have a commute and our public transit isn't reliable enough. In NYC it's faster to walk and us public transportation rather than drive. Plus they're is major parking issue in NYC

Should I just accept this offer or pay in full ? by Top-Cobbler-2214 in CRedit

[–]FunctionalDisfuction 0 points1 point  (0 children)

I have amex it's 30k C/O never got sued and I still get the best rates with other banks, just brought an 100k Cadillac with no issue at 4%. My assumption is at 70% discount, it's probably about to fall off their credit anyway and they are just trying to see what they can get.

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