What are /r/dividends' favorite Products & Services?

From 3.5 billion Reddit comments

One of the changes Robinhood made for 2021.

"You’ll no longer be able to buy closed-end funds, limited partnerships, royalty trusts, tracking stocks, New York registry shares, and units"

https://robinhood.com/us/en/support/articles/changes-securities-robinhood-2021/

Advice: Move to a real brokerage like Fidelity or Schwab

The problem is that you only looked at the last 5 years with Trump's tax cuts, Fed's 0 interest rate and concluded that "growth" is where you want thing to be next 30 years:

Zooming out to 40 years or beyond, Schwab research concluded the opposite:

>Over the past 40 years, stocks that maintained or grew their dividends outperformed those that cut their payouts or offered none at all.
>
>https://www.schwab.com/resource-center/insights/content/it-may-be-time-to-consider-dividend-paying-stocks

If in doubt, look at the period 2000 - 2013 where SPY barely grew an inch had you invested before 2000, the whole 13 years, your money just is not doing anything.

You are still young, you haven't lived through the 2000 and 2008 so many young investors like you don't know any better. Although lots of you guys have been burnt severely recently with ARKK but I think you guys all need a bigger lesson to hammer it home.

1. Little known fact but there's a discount if you buy in bulk
2. If by 'guest house' you mean 'cot on the floor', yes. It's a comfy-ass cot though.
3. Norfolk Pines are pretty dope.

In my opinion yes for the following reasons:

From SCHD prospectus document:

1. All index eligible stocks must have sustained at least 10consecutive years of dividend payments, have a minimumfloat-adjusted market capitalization of $500 million USD and meetminimum liquidity criteria. The index components are then selectedby evaluating the highest dividend yielding stocks based on fourfundamentals-based characteristics — cash flow to total debt,return on equity, dividend yield and 5-year dividend growth rate.Stocks in the index are weighted based on a modified marketcapitalization approach. No single stock can represent more than4.0% of the index and no single sector, as defined by the indexprovider, can represent more than 25% of the index, as measured atthe time of index construction, reconstitution and rebalance. Theindex composition is reviewed annually and rebalanced quarterly.

You get quality companies in this etfs. In VOO you get the largest 500 companies like apple but you also have companies like Tesla that are over valued and dont make money.

1. Over the past 40 years, stocks that maintained or grew their dividends outperformed those that cut their payouts or offered none at all.

Source : https://www.schwab.com/resource-center/insights/content/it-may-be-time-to-consider-dividend-paying-stocks

1. With schd you will get quality companies that are actually growing and they prove that via increasing the dividend. You will get passive income as well which will allow you to re-invest as well.

You will have to three sources of growth:

1. Dividend yield
2. Dividend growth
3. Capital appreciation.

GECC - Business Development company - 10.5% Yield

SPH - Gas Utility (Propane) LP - 7.9% Yield

OHI - Healthcare Facilities REIT - 7.2% Yield

NEE/PRQ - Renewable Energy conv pref - 6.4%

None of these have really high P/E multiples.

And you get a bit of diversification.

Np. Everybody's gotta start somewhere. I'd highly reccomend you read Security Analysis. It goes through how to properly value a stock and identify a fair market value. It's an older book, but the principles, concepts, and forumlas still ring true to this day. Get the 2nd edition. Not the 6th. It's more complete.

It's called stock events. Here's the Google play link if you have android

https://play.google.com/store/apps/details?id=app.stockevents.android

No, I understand. It is complicated and took me some time to fully understand. Here is a link to an article which may explain it better than I an in Reddit: https://www.schwab.com/resource-center/insights/content/stock-settlement-why-you-need-to-understand-t2-timeline

I sincerely hope that's the case for me, though I'm not getting my hopes up based on the article below. Sometimes I feel that every decision I make is wrong somehow.

https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/

Look into and do some DD on $ARCC. It’s currently around the $20 mark and pays 0.41 a 1/4.

Keep in mind that your interest rate of 2.5% may only be the base rate and not the combined rate (giving you the effective rate) for your size account. Here you can see what Schwab changes on margin, and expect to see daily interest as well.

Roth contributions (but not earnings) can be withdrawn at any time without penalty. If, for example, you contributed $5000 for 2021, you could in theory withdraw the entire $5000, then essentially redeposit it as a 2020 contribution. It sounds like your broker was able to reclassify the contribution and save you that trouble.

If the $5000 had grown to $5500, you could only withdraw the $5000 without penalty. The $500 is earnings and subject to a penalty if you withdraw it early. The reason that you can withdraw your contributions at any time is that the contributions have already been taxed. You have not, however, paid taxes on any of the earnings and withdrawing those early would mean a penalty.

There is a short article regarding Roth IRA Withdrawal Rules on Schwab's website https://www.schwab.com/ira/roth-ira/withdrawal-rules

The relevant part is if you are under age 59 "You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. However, you may have to pay taxes and penalties on earnings in your Roth IRA."

You’re young enough that a Roth IRA is probably the best bet for any additional savings. Good calculator here: https://www.schwab.com/ira/understand-iras/ira-calculators/roth-vs-trad

I’d use 7% annually for the return estimate

I know I might be chastised for using Robinhood but is this what you would recommend for US Treasury Inflation Protected Securities? https://robinhood.com/stocks/TIP

Thanks for the informative post btw.

It's because the Robinhood chart is strictly related to stock performance, not deposits or purchases, which I actually like. The chart looks too wild when there's a giant spike because you bought shares of a company. I like the clean look at performance.

If you want to view your dividends, you can look here: https://robinhood.com/account/history?type=dividends

Hope that helps!

The thing that made me no longer use robinhood is there do not support beneficiaries. With fidelity you can do a TOD with a regular brokerage account and beneficiaries on ira/401k.

Source: https://robinhood.com/us/en/support/articles/beneficiaries/

All customers start out with an Instant account, which is a margin account, so that they can access funds before they’ve settled and enter options trades if they’re approved.

https://robinhood.com/us/en/support/articles/robinhood-accounts/

Nope, there is no payment option at all. It's totally free. Make sure you downloaded the right one. They're a lot of divtrackers at the store 😄 this one with the palm tree on the icon link to Google play

There are entire books on the subject. Check out Common Sense on Mutual Funds, 2nd ed, by John Bogle. It's nearly 700 pages of charts and graphs proving the point that low cost, broad market index funds beat any individual investor over a period of time. Even professional fund managers can't beat the indexes consistently; much less the random redditor.

For an easier read check out Boglehead's Guide to Investing. They cover the real data, and then tell you what to do with it.

Or, you can just take it from someone like me who has read both front to back and buy VOO or VTI (SCHD not being too bad either) and sit back, relax, and live life, knowing that you're making a good return and generally outperforming anyone else.

I've been investing on/off for a few years, and collecting shares of various companies/etfs along the way. I think I want to move away from unqualified dividends and towards qualified dividends. Are the holdings reasonable for the size of the portfolio or should I reduce them?

App: DivTracker

Dividend Tracker: Stock Market - $0, they have it on both android and iOS

Also thedividendtracker.com which I am using the free tier so $0

I just started using Delta investment tracker. I never used stick events so I can't compare the two but so far so good. Delta investment tracker

Investfolio is a way to do that, even with the free plan.

https://play.google.com/store/apps/details?id=com.finangeros.investgeros

Good app for tracking stocks, ETFs and hedge funds. Weak "News" area, limited back tracking, analythics and previsions but a great product for free. (Not sure how much tickets you can track in the free version btw)

No idea if you can get it on iOS as well.

If you want to learn how to manage an individual stock portfolio I say go for it. In a day of dollar investing with no commissions, $900 is more than enough to get started. Chuck (Schwab), for instance, will let you buy a stake in a company for five bucks. But get educated.

Start by reading this book:The Little Book That (Still) Beats the Market

Didn't have any but as I understand Robinhood would sell any Fractional shares.

> Transfers > > You won’t be able to transfer fractional shares. If you initiate a full asset transfer out of Robinhood, your fractional shares will be sold and you’ll receive the resulting cash back. If you initiate a partial asset transfer, any fractional shares you own will remain in your Robinhood Securities account as fractional shares.

https://robinhood.com/us/en/support/articles/fractional-shares/

It's no brainer really. Schwab has 24/7 customer service based on Texas and all speaks native English, no sketchy outsourced call center handling your information.

They also have security guarantee:

https://www.schwab.com/schwabsafe/security-guarantee

Robinhood has had many hacks in the past and people have actually lost money with it.

Only on earnings not on contributions. https://www.schwab.com/ira/roth-ira/withdrawal-rules#:~:text=You%20can%20withdraw%20contributions%20you,had%20less%20than%20five%20years.&text=You%20use%20the%20withdrawal%20to%20pay%20for%20qualified%20education%20expenses.

I'm not familiar with eToro but here is a link to eToro's fees for dividends: https://www.etoro.com/customer-service/help/1484910272/how-much-tax-is-deducted-from-my-dividends/#:~:text=The%20percentage%20of%20tax%20withheld,differs%20from%20case%20to%20case.&text=In%20general%2C%20the%20withholding%20tax,the%20tax%20rate%20is%2037%25. I might add, I've never heard of this. Normally I'd just get a tax form at the end of the year stating how much I made in dividends then I'd just submit that with my taxes and go from there. I'm not sure I'd tolerate deductions from a broker.

It's ok you won't get stellar performance but you are well diversified and you get tax loss harvesting.

At my stage, I worry about capital preservation rather than aggressive growth. Also I like the tax loss harvesting a lot so I decided to revisit.

I used to use it a few years back then I decided to do it myself. Now that I am FIRE'd I want to diversify more into International and finding a good international fund is hard.

Back when I used it, it harvested so much losses for me that I am still using it to write off my gains to this date. I started trading options a lot recently so I want to leverage that tax loss harvesting.

Also tax loss harvesting helps a lot if you enter market at a high point, it will harvest when there's a drop then buy similar assets at a lower price point (think of it as resetting your cost basis) while allow you to deduct the losses into future gains and up to $3000 can be deducted against your income annually, making it very attractive for taxable account:

https://www.schwab.com/resource-center/insights/content/reap-benefits-tax-loss-harvesting-to-lower-your-tax-bill

Wow thanks for this, I am going to believe whatever a Youtuber is going to said over professionals at Schwab ! https://www.schwab.com/resource-center/insights/content/why-and-how-to-invest-dividend-paying-stocks Clown show!

Congratulations, really incredible, you’re an inspiration. Your parents must be very proud of you.
I suggest WPC as a reit, have a look at it. Good company, good dividend growth.

Outside of the scope of dividends, open a Roth as soon as possible to start running the 5 year holding period & for the great benefits. You can withdraw at any time your contributions.
You can also withdraw gains for certain things like education, 1st home, etc).
https://www.schwab.com/ira/roth-ira/withdrawal-rules.

as of right now, no. Schwab's IRA resource. You can read further on the IRS website, but as of right now, what you're doing is fine.

Here’s a great book that helped me get started trading options! You can find it on Amazon.

https://www.amazon.com/dp/B09MC93FWL/ref=cm_sw_r_awdo_navT_a_NPE8M4Z3R26T4CGN0X7Y

It’s called The Ten Trade Commandments

Here’s a great book that helped me get started trading options! You can find it on Amazon.

https://www.amazon.com/dp/B09MC93FWL/ref=cm_sw_r_awdo_navT_a_NPE8M4Z3R26T4CGN0X7Y

It’s called The Ten Trade Commandments

Here’s a great book that helped me get started trading options! You can find it on Amazon.

https://www.amazon.com/dp/B09MC93FWL/ref=cm_sw_r_awdo_navT_a_NPE8M4Z3R26T4CGN0X7Y

It’s called The Ten Trade Commandments

Here’s a great book that helped me get started trading options! You can find it on Amazon.

https://www.amazon.com/dp/B09MC93FWL/ref=cm_sw_r_awdo_navT_a_NPE8M4Z3R26T4CGN0X7Y

It’s called The Ten Trade Commandments

SCHD tracks the Dow Jones Dividend 100 index. If there is any change to what companies make up the 100 funds in the index schwab will add/remove/modify it's holdings to try to as closely as they can follow what makes up this index.

https://www.schwab.com/public/schwab/investing/investment_help/investment_research/etf_research/etfs.html?path=/Prospect/Research/etfs/summary.asp%3Fsymbol%3DSCHD

https://www.spglobal.com/spdji/en/indices/strategy/dow-jones-us-dividend-100-index/#overview

This might be useful:

https://www.schwab.com/resource-center/insights/content/does-market-timing-work

Another thing to consider is that if you make a purchase every day, that is a LOT of tax lots, and a lot of different cost basis, which might be very annoying when it comes time to sell.

I can why you may issues with Robinhood & M1 Finance. From my perspective, a lot of users fail to see that these companies are startups and they expect to have the same level of service as a big broker.

Charles Schwab was founded in 1971 and has 40+ years of experience. Back then trades would cost $45 (possibly more) and only now is it possible to trade at $0 (thanks to startups like Robinhood).

M1 Finance is not perfect, but it takes time to get to that level. I have my main portfolio in E*Trade with a secondary portfolio in M1. I enjoy the fact that I don't have to worry about making the trades myself and I find it great for new investors. They have the worst customer service on this planet, but those are the growing pains of startups. I agree with you about the Trade Window, but in order for them to profit I can understand why they charge for that second window (or M1+). As a long term investor all I care about is DCA and I get that from M1.

In my opinion, I think you should diversify not only your portfolio but also your brokerages. Have 1 big one and then keep a smaller portfolio in M1 (or something else). I find a lot users who transfer out are new investors and have everything in one place. That's why so many people are pissed at RH. They rely so much on this one startup and don't have their money anywhere else.

If you plan to transfer just note that M1 charges $100, but you can sometimes the new brokerage can cover that fee for you. Some users have had success with Schwab. They also have a Security Guarantee that I haven't seen in any other broker.

Last Tip: Always use 2FA on every brokerage you have.

Good Luck!

Robinhood:

https://robinhood.com/us/en/support/articles/dividend-reinvestment/

M1 Finance I'm less familiar with. Seems like they have an auto-invest feature though which is basically the same:

https://support.m1finance.com/hc/en-us/articles/221053567-Auto-Invest-Settings

An analysis of constituents of both of these lists is available on Finbox, if of interest: Dividend Kings & Dividend Aristocrats. You may also want to check out the Dividend Champions, Contenders, and Challengers lists that are also available there. I tend to use those more often.

I did similar calculation on my blog, but I also counted with 10% capital appreciation every year.

For 20% I got 23 years, here is table:

https://monosnap.com/file/1M3eaNNnZ2mt8VC3S9ykyfx7xYz3kU

I don't mind, but I don't find it that useful, as capital value varies too much, but I wanna live of dividends, not volatility.

Here is screen, 45526.98 USD is current value, 33692.83 USD cost basis, 18.96% XIRR and 4.11% yield on cost.

Digrin shows you paid dividends, announced dividends and also projected dividends.

Here is example screen.

https://monosnap.com/file/j1xp4O5zoOuxxeMTALo35IMV2jhB67

LGT juicy fruit gum

clove oil

did you ever get an answer on whether these convert to shares?

and what did you decide on investing? if what you are saying is accurate, then you basically get an option on these shares without the up/downside of buying the actual stock & the benefit of a higher dividend, so a good long strategy, I think.

also on the conversion event (9/1/23) - do you, as the individual investor have to take any action or does it automatically convert?

And it looks like the PRQ is tracking toward the higher end of that stock conversion range (obviously based on market volatility). I don't fully understand the language re: on whether it converts at .6764 or .5412, anyone else?

ETFs are for people who do not like/have time to study the market. Make your own portfolio, you seem to like this investing thing. I recommend you this book, it'll teach how to read the balance sheets and other things, it's a very easy book to read too.

Also, forget about this trading stuff, bro, being honest, you won't time the market. Sure you can make some money here and there, but in general, you won't make much and will lose a lot of time.

This is our 21st year with dividends making up about 40% of household income in retirement (pensions and Social Security and book royalties make up the rest.

As a start, you can read my book on this subject.

Read this book. Lots of answers to lots of questions on reliable income from dividends

https://www.amazon.com/Retirement-Investing-Income-ONLY-retirement/dp/1501072137/ref=mp_s_a_1_3?dchild=1&keywords=bruce+miller+dividend&qid=1609518996&sr=8-3

Assuming this is a taxable account, you'll get a 1099-DIV from your brokerage that will give you the total in dividends and then subdivide the total into qualified, capital gain and 1250 dividends (for any REITs you may have). All you have to do is put the amounts in the box numbers of the 1099-DIV in the corresponding box in TurboTax or H&R when prompted. After a couple of tax returns you'll find it easy.

For more detail, read my book.

https://www.amazon.com/Retirement-Investing-Income-ONLY-retirement/dp/1501072137/ref=mp_s_a_1_3?dchild=1&keywords=bruce+miller+dividends&qid=1604261555&sr=8-3

BruceM

If you have Android, I use this https://play.google.com/store/apps/details?id=app.stockevents.android

It shows how much I get in dividends a month or a year, plus has notifications on when you will get your dividends

Well I've made quite a few static websites or websites that just use PHP for a contact page or something but I really wanted to push myself a bit. I don't see what's wrong with that. Also, I'm not completely new to coding, I've just recently gotten more "serious" about it. If you want to see what I've been doing before this, here are some terrible games I made a while back.

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) https://www.amazon.com/dp/0060555661/ref=cm_sw_r_cp_api_i_vj3.Eb20Q50VQ here’s the link to the book, via amazon

Looks to have a bunch (1300) of 5 star reviews on amazon. Thanks for the heads up!

https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

Maybe we should all do a favorite book list post!