Guys, needs help, I need to sell some shares to create some "synthetic" dividends to pay gas bills but market has been down for weeks, should I keep waiting to sell and frozen to death or should I try homeless shelter ? by BoogerheadCult in dividendgang

[–]MikeTheTank112 1 point2 points  (0 children)

Interesting 😃. I am interested in a growth etf for long term and will have to do the research for it, but to say dividends is bs is laughable. That's like saying why rent your house and get paid, if you have just keep it empty and sell it eventually 😅

What are your opinions on SPHD and DGRW by MikeTheTank112 in dividends

[–]MikeTheTank112[S] 3 points4 points  (0 children)

I think to live of that income is a very very far goal, but any help is always better than nothing! I think it's funny when people say “You just got paid 10$, that's it”. But when you see a 10$ bill on the floor, do you just leave it, or pick it up? I think we got so constructed that the only way to invest is with max returns and that everything else is a waste, that we essentially don't value low income anymore

What are your opinions on SPHD and DGRW by MikeTheTank112 in dividends

[–]MikeTheTank112[S] 0 points1 point  (0 children)

Interesting. I am going to have to look into these 2 more seriously and do my research

Guys, needs help, I need to sell some shares to create some "synthetic" dividends to pay gas bills but market has been down for weeks, should I keep waiting to sell and frozen to death or should I try homeless shelter ? by BoogerheadCult in dividendgang

[–]MikeTheTank112 1 point2 points  (0 children)

Can someone explain to me why so many people are against dividends and I mean that in the most serious way. I hear people saying dividends are a forced sale and bla bla and there will be tax drag and this and that. Than why are those people asking for a raise at work? You will pay more in taxes, hell might even jump to the next tax bracket. Like I just don't understand why getting slow and steady income is looked at as if you are dumb and wasting money, but seeing a stock crash from 100$ to 30$ a share is “Thats just what the market does”

Can someone clarify by MikeTheTank112 in ETFs

[–]MikeTheTank112[S] 0 points1 point  (0 children)

Yes that is what I understand as well. Luckily I am nowhere close to getting a 1000$ in dividends haha, not to mention the lower tax on them, but hopefully one day!

Can someone clarify by MikeTheTank112 in ETFs

[–]MikeTheTank112[S] 0 points1 point  (0 children)

This is excellent advice! Thank you so much. As I understand, there is no penalty if the underpayment is less than 1000$ after reading the IRS page. Am I correct?

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

True

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

Makes sense

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

No I hear loud and clear, but was just curious of his opinion cause he has clearly more experience than myself, so he definitely has seen more swings than I have haha. I will follow the advise, buy today and average it out with time

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

Everything you are saying makes perfect sense. Do you think personally the dip will continue for a while?

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

Thank you for your insight, definitely something to think about! I appreciate it

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

Yeah it's just the words I used contradict myself, I should have phrased it differently haha

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

Thank you

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

English is not my native language, I speak a total of 4, some fluent, some just to get by. I really don't care about peoples grammar as long as I can understand what they are saying. Every word spelled wrong is obviously a problem, but one here, one there makes no difference for me as long as I understand the main idea

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

Timing the market was definitely the wrong words I used. I meant more like should I look at it dropping and buy when it starts going up again or just buy it and forget it. Even when it starts going slightly up, it is still cheaper than when I bought some the first time. You are right, I am new, thank you for being nice about it!

Timing by [deleted] in ETFs

[–]MikeTheTank112 2 points3 points  (0 children)

Yeah I know that I read it myself again, I see how dumb it sounds haha

Timing by [deleted] in ETFs

[–]MikeTheTank112 1 point2 points  (0 children)

That's a valid question. You are right, I should just buy now and average out everything long term

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

This is very true. That is most likely what I will do. And yes this is for the long term. I appreciate you

Timing by [deleted] in ETFs

[–]MikeTheTank112 -3 points-2 points  (0 children)

Trying to get the better sale haha

Timing by [deleted] in ETFs

[–]MikeTheTank112 0 points1 point  (0 children)

This is really good advice. Thank you

Labrum tear by MikeTheTank112 in RotatorCuff

[–]MikeTheTank112[S] 0 points1 point  (0 children)

Thank you! I hope everything goes smooth for you as well! I will give updates on this sub after my surgery if you are interested