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I’m very curious what you think of CEF’s and “The Income Factory” book? I would find a video by you covering these (positive or negative) to be highly interesting.
2:00 – The closing price for 3M (MMM) in July 2023 was $86.55, on July 31, 2023. It was up 11.3% for the month, but you sold for $110?
i made the first mistake with wba
With Mevolaxy, I finally quit my job and started traveling. Staking income covers all my expenses – it’s incredible!
Also, what's your opinion of Entergy? That one has paid me a lot in the past year, but its share price has also spiked tremendously, and so I'm concerned it might be overvalued. On the other hand, the proliferation of data centers could be a huge revenue source for them in the future.
Do you consider VBR and VOE to be solid dividend growth ETFs despite not having the word "dividend" in their names?
My dividend stock is up 16% year to date.
Covered calls are great!
Stay away from Covercall etfs and CEF's
To weigh in on individual vs ETF. I think it comes down to 3 questions (abbreviated as KIT):
1. Do I have KNOWLEDGE of how to research a company's finances, management etc.,?
2. Am I INTERESTED in researching companies?
3. Do I have the TIME to continually research them?
If the answer to all 3 is Yes, individual companies might be a better risk/reward balance longer term. The more the answers are No, the more ETFs might be a better way to go. We're all different. As Ryne says, some of us actually enjoy researching companies.
I'm actually glad I made a few of these mistakes early on and I think it's made me a better investor. I saw the early days as a chance to experiment and see what kind of investor I wanted to be. After all, it's less damaging to take a hit on a 4-figure portfolio than a 7-figure portfolio. A small portfolio was an opportunity to risk a few setbacks and see what they actually felt like.
It would be interesting to get your thoughts on perception vs reality Ryne. I found setbacks often felt very different in reality to how I thought they would – often not too bad as long as I learnt from it. If it's not an earning experience, make sure it's a learning experience.
I stick with ETFs for this exact reason. I am not a financial expert. The people running ETFs are.
They work for me for free.
SCHD paying us $7300 last quarter.
Never sell. The algorithm will do it for you if any SCHD company goes south.
1. Set it.
2. Forget it.
One lesson I learned that even with the dividend aristocrats is to put in a 5% stop loss, in particular WBA, JNJ and MMM. You can always buy again and on sale, hopefully.
I had 3M in my portfolio and when they started dipping I bought more. It got quite obvious by the numbers, lawsuits and skyrocketed dividend that they were gonna cut. I tripled down and started buying heavy under 90$ per share. I'm now at $103 cost per share and up 157.7%. It's only 3.96% of my portfolio and I'm glad I gobble up everyone selling at 95, 85 and 75 👍
What do you think about Congra Brands ticker: CAG?
Recently reached over 7% 🙂
But they are having a little trouble on sales and recently sold an asset.
Great video Ryne!! Your analysis was spot on. In fact I had about the same story with 3M when I invested in the company. ATT was another dividend king that I have the same story about. So you definitely have to pay attention to your dividend companies. Love your videos. Keep up the good work!!
Think a lot of people get stuck in "I'm right" or trying to be smarter than everyone else picking individual stocks. Well rounded portfolio with only ETF's. Keep contributing and let them do what they do.
i wont buy individual stocks,,im done playing that game..only invest in legit ETF's and not pie in the sky dividend traps like Yieldmax products…
What are your thoughts on SCYB? High yield bond
Sage advice. You are so right on all seven, and the learning will never stop. The early mistakes are probably worth more long-term than the victories.
😊😂🙏
Carolyn Greenwood Nelson's portfolio has done over a whopping +500% in a space of one month.
I watch all of you guys to keep motivated and keep some stocks on my radar. I have a set portfolio that I'll probably not add any positions to. Unless I actually hit the lottery 😂
Would you agree that SCHD is safe to set and forget ? Just asking because that is the route I took. Unlike you, I have no interest in doing the research that comes along with investing in individual stocks
I just bought DOW after dividend cut. 0.5% of my portfolio will not kill me anyway but it is sad to see my stock on mistake list lol.
I buy KO (beta=0.46) $2.04/share/annual div yield. No intent to sell but looking for something else and doesn't need to be a dividend payer. Toying with the idea of RKLB, but haven't pulled the trigger yet. Cash is piling up in my MM account @$2650/month but I can't find an entry (RKLB beta=2.18).
I'm thinking:buy 1 the days it's up/ 2 the days it's down or stagnant which will at least dollar-cost-average the price about @$45.That will yield about 40-70 shares/month.
And on those weird market days that don't make sense, buy a share of KO because it will make me happy (You know:"Cheap Thrills.") BTW, I drink/like Diet Coke wnen I don't drink my homemade lemonade.
Absolutely correct about not buying because others are buying. Buy based on your needs and use logic. My Year 1 Port was SCHD and JEPI focused, because that's all you heard about last year if you just started out. This is now my year 2: QQQI(Mag 7. High Yield. New with huge upside), BTCI(Bitcoin. Need I say more?), and ULTY(Fits in with my need to save but I didn't go crazy because its still new-ish. So far so very good 😆). Basically, I decided I needed income more than I needed Growth as a late starter. After I have sufficiently built up my saving, I will then start to build up my Roth(SCHD is still in here), which, is more Growth Focused.
when I start it 3 years ago, after half years I was minus 48%, but I stay and buy some stock time by time, and my portfolio goes up until plus 35%. this year until April. and crash 33% but I was plus 4% all in all, so I was not panic, and still buy . Right now it bounce back to 47% plus. so I think it will be going well so far to stand out 33 % crash to not cause negatív balance.
Always good information, keep it up.
🚨 Solid Video Ryan, I Continue To Keep Learning As I Keep Investing & Building Wealth. It's A Marathon Guys… 🏃🏾♂️ … 💨
3M is kind of a stain on the Twin Cities with what they were doing over the past 30 years. They are so rooted in the economy of Minnesota. It’s unfortunate that they have kinda ruined their brands by that lawsuit.
Appreciate all of the time you give to this channel! 🙏
Be sure to dote on your wife in these last few months of pregnancy. 🚼
why not investing in high dividend ETF or investment Income Funds ?
MMM is a great example. Good name brand company that went through a tough time.
You would have taken a lot more heat, but at this point it’s back above 150 a share and seeming to move past their issues. I feel like I missed a very good opportunity when those lawsuits were coming around on MMM
I say pick good companies and go to sleep for 10-20 years. Work on your videos and keep investing and hope in 10-20 years you had great picks.
Hey ryan good video, i was wondering if you could make a video going over your list of stocks that youve sold like how you did on 3m and explaining why you sold them, im curious to know and could be a good video idea
Are there any books you recommend to help with investing?
Ryne in your opinion what is the most practical step a new investor should do in the following scenario. Let’s say an investor that has a 2.2k portfolio and can only invest 40$ bi-weekly has all his stocks in the green. That all of his positions are over 14% profit. Example they hold voo, schd, Nike, clear secure, Energy transfer, Main Street capital and visa. Should they keep adding to those positions even though it would increase their cost average. Or should they start looking into new positions ?
More than just the yield, make sure you fall in love with the company not the dividend. I invested in TROW just because of the dividend track record, but I didn't believe in the company. They were extremely slow into the ETF space, but the dividend track record was so good that I invested anyway. It did not perform well. There are many examples like this. Make sure you believe in the business.