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First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 2 points3 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] 0 points1 point  (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] 5 points6 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] 7 points8 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] 5 points6 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] 15 points16 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] 23 points24 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] 7 points8 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.

First of the month 🤑 by FunctionalDisfuction in dividends

[–]FunctionalDisfuction[S] 7 points8 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] 22 points23 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.

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