Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Stewie]

In Kansas CC companies are allowed to charge for transactions. I've noticed it more in small stores that charge for transactions less than $10.

I use the hell out of credit cards for cash back. Right now Discover gives 5% back for Walmart and all grocery stores. That really adds up. That deal started July 1 and ends on September 30. The new deal is 5% cash back for Amazon and Target.

[lewdog]

Originally Posted by Hog's Gone Fishin

OK guys, I've been playing with these High Yield dividend funds for almost two years now. The hit on dividend stocks is that the dividend payout depresses the share price .

I've got two that seem to be solid, the share price is stable. If you want a savings account that pays 40% here you go.

AMZY began trading 7/24/23 at $20/ share . Current share price is 19.35, so it's been trading well over a year while paying out a MONTHLY dividend at a 41% rate. AMZN is the underlying so if you believe in Amazon there's no reason to worry. Here's the dividend history:

https://www.yieldmaxetfs.com/our-etfs/amzy/


YMAG,started trading 1/29/24 so we have 9 months data . It also began at $20 and is currently trading at 19.16 and is paying dividends at a rate of 45% and starting two weeks ago changed from a monthly dividend toa WEEKLY dividend. The underlying stocks are the MAG 7 group so if you believe in the MAG 7 there you go. Here's the dividend history:

https://www.yieldmaxetfs.com/ymag/

Not financial advise , do your own research. I'm just sharing as a CP friend. And yes I have these in my daughters retirement account who by the way just began her teaching career . Really proud of her.

Wrong. Annual rate is 41.44%, not monthly. 3.27% monthly. It's in your link.

Want to know what owning AMZN stock returned you in the past year? 46.86%.

This AMZY dividend minus the share price loss was 41.44% - 2.56% (share price loss) for total return of 38.88%

https://www.yieldmaxetfs.com/our-etfs/amzy/

Total return are all that matters when you are young and focusing on dividends for a young investor like your daughter is NOT the recipe for success. She needs growth and she should focus on total return.

[lewdog]

Originally Posted by Hog's Gone Fishin

It doesn’t pay 41% per month, your post made it sound like that. You agree?

[philfree]

For a dividend stock Blue Owl Cap Corp (OBDC) is a good one.

[lewdog]

Originally Posted by Hog's Gone Fishin

NO, Only a Moran would think that! The link was attached anyway . And my daughter uses her AMZY dividends to buy AMZN as well as more AMZY.

If you don't have the dividend income you have to rely on a paycheck from a JOB to buy stock.

Ok, thank you for qualifying.

PS I still love you even though we will never agree about dividends.

[UteChief]

Originally Posted by lewdog

Ok, thank you for qualifying.

PS I still love you even though we will never agree about dividends.

Do you have an issue with dividend stocks in general or just investments like AMZY?

[Buehler445]

Interestingly, my 3M stock purchase worked out. I'm currently up 53% and have booked 2 quarterly dividends. That's probably the best I've ever done on an individual stock purchase. Obviously my long term index holds are up more than that over time, but I'm pretty happy with the stock pick.

Now I need to figure out if I should sell it or turn DRIP on and let it go. If I can get things wound down in the next couple weeks, I'll look into the company a little more.

Full disclosure, my pussy ass only bought 2 shares, but I'm still marking it down as a win.

[DaFace]

Originally Posted by UteChief

Do you have an issue with dividend stocks in general or just investments like AMZY?

You didn't ask me, but my issue is the 100% focus on the dividends and the complete ignoring of the stock price drops. Y'all should see the one HF deleted...

[UteChief]

Originally Posted by DaFace

You didn't ask me, but my issue is the 100% focus on the dividends and the complete ignoring of the stock price drops. Y'all should see the one HF deleted...

Initially I was looking at dividends to build a nice income portfolio. Then I realized I’d rather have growth and pay capital gains tax instead of income tax.

[Rain Man]

Originally Posted by Buehler445

Interestingly, my 3M stock purchase worked out. I'm currently up 53% and have booked 2 quarterly dividends. That's probably the best I've ever done on an individual stock purchase. Obviously my long term index holds are up more than that over time, but I'm pretty happy with the stock pick.

Now I need to figure out if I should sell it or turn DRIP on and let it go. If I can get things wound down in the next couple weeks, I'll look into the company a little more.

Full disclosure, my pussy ass only bought 2 shares, but I'm still marking it down as a win.

Dammit.

I mean, good for you. I sold my last shares right as you bought.

[DaFace]

Originally Posted by UteChief

Initially I was looking at dividends to build a nice income portfolio. Then I realized I’d rather have growth and pay capital gains instead on income tax.

Yeah, I'm sure there are some good options for dividends out there, but it's not like it's been tough making money in the stock market this year. I'm up 35% in my basic target date fund in the past 12 months.

[UteChief]

Originally Posted by DaFace

Yeah, I'm sure there are some good options for dividends out there, but it's not like it's been tough making money in the stock market this year. I'm up 35% in my basic target date fund in the past 12 months.

Yeah, but that’s probably in a retirement account. I was talking about shorter term investing. I’m mostly VOO also up 35% in the last year.

[DaFace]

Originally Posted by UteChief

Yeah, but that’s probably in a retirement account. I was talking about shorter term investing. I’m mostly VOO also up 35% in the last year.

Eh, it's all just variations on a theme. I run a 4 fund portfolio of index fund ETFs in my taxable account (which intentionally avoid dividends so that you can go for capital gains instead), and it's done about as well.

(US Stocks, International Stocks, US Bonds, and Real Estate, for the record.)

[UteChief]

Originally Posted by DaFace

Eh, it's all just variations on a theme. I run a 4 fund portfolio of index fund ETFs in my taxable account (which intentionally avoid dividends so that you can go for capital gains instead), and it's done about as well.

(US Stocks, International Stocks, US Bonds, and Real Estate, for the record.)

Do you invest in a REIT or what type of real estate? I have been thinking of adding something to my portfolio.

[DaFace]

Originally Posted by UteChief

Do you invest in a REIT or what type of real estate? I have been thinking of adding something to my portfolio.

Yeah, it's a REIT (SCHH to be specific). I only do 5-10% on it, but I like having a little exposure there since I otherwise have no interest in investment property.