Great interview, I subscribe to both , if I add these sort of funds say Jepq and put it into a Roth , will I have to pay taxes when I pull because they are non qualified distributions even though it’s a Roth or does Roth tax free no matter
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.
I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
@@chideraatuba9455 That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
@@christianalawal3695 Victoria Carmen Santaella Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Armchair Income is an absolute favorite of mine. The YT content is clear, concise and well-presented in a professional manner. As a person no longer in the workplace, I value his thoughts and respect his time spent researching and sharing what he has learned.
Armchair Income and Income Factory are my two favorite sources. I am a retired 85 year old and enjoy trading monthly using the NAV trends. Like Armchair Income I use dividends for current income and the remainder for reinvesting.
I must say I love dividend investing, getting those payments in for just holding a company is amazing. from what I've witnessed it all comes down to having a Licensed investment Adviser to handle your portfolio. All thanks to my Investment Adviser, who has traded my savings daily from quarter a million to almost one million dollars in the last 3 months.❤✅
Thanks, Looked her up, I can see her profile here on the web, will send her a well articulated mail. I hope she finds space in her schedule to help me.
Consistently investing in quality dividend paying companies with the right guidance over the long term is a relatively easy strategy to create generational wealth.
Essmildaa Morgan is finally getting the popularity she deserves and this docent come as a surprise. my favourite stocks are Amazon,Walmart, Visa & Telsa
@@wealthadventures I know you have said you were in the Columbus area. I am from Chillicothe. We are in the Dublin area visiting my brother quite often. Small world.
Dave, This has got to be one of the best interviews / videos that you have posted.....THANK YOU! I am huge fan of the ACI channel. My current portfolio almost mirrors what he has done. I still do have a smaller percentage of growth funds too, but the income % is the largest section of my portfolio. I am also retired and the methodology has worked for me. Thanks again for all you do, and a huge shout out to ACI for also taking the time to complete this interview. Cheers!
I am subscribed to both of your channels and the adventure has been great. I'm also following Dividend Bull who is a lot like the both of you. This is such a great opportunity to listen to both of you together. Thank you both so much for all your suggestions and opinions. I look for all your new videos every day and your advice has helped me so much and my current portfolio is now yielding me $1600 per month in dividends and when my wife retires it will go to $2400. This has all been possible listening to all of you. Thank you again guys, your the best and helping my life more than you know.
Love Armchair Income! I also appreciate his candor. Sooooo many times you watch videos or read comments where the person touts only their successes. Armchair tells us his mistakes and that is so refreshing. I look forward to new Wealth Adventures videos also!
@@wealthadventures every country has a treaty with USA and some are more favorable then others. I wonder which country have the best treaty rate and then pay 0 in that country? Maybe Panama? Costa Rica? Belize?
If we gave OSCARS on RU-vid this one may win Best Picture. As an income investor seeing two of my favorite people to watch on the same video was a real treat. Follow both of you guys regularly and being retired 11 years learning to be an income investor has been a real learning experience. As income investing grows in popularity new ETF's are showing up almost faster than you can analyze them. Always look forward to seeing new videos from you guys..loved the Vietnam segment on Armchair recently...when stationed there in '69 and '70 it wasn't exactly a resort area.
So great to see you two together in one video. You have both been exceptionally helpful in transitioning from a lifetime of growth investing to growth+income in retirement. Long live the income soup bowl.
Great interview. I probably watch Armchair more than anyone else because we are both retired doing exactly the same thing. I would also recommend your channel and dividend bull. Yes, I no long get the occasional 1.0 to 1.4 million gain in one year. I also avoid the 500K+ losses. However, after income investing for 3 years I am approaching a 7 figure income, even if the general market doesn't gain a dime. My hope is the "snowball" will keep me out of "-" years as in theory it will act as a buffer in down markets. We'll see about that. I have learned to stay humble:) Thanks Dave...
Great tutorial on Income investing! I switched from value to income investing about 3 years ago with the help of Armchair and Dividend Bull. The income has really snowballed and I am totally happy with the results. Selling your holdings to fund your retirement creates a lot of stress and uncertainty. With steady dividend income, however, you know exactly how much funds are coming in and hopefully, you can build up your portfolio to the point where you won't have to sell anything in the retirement years
Keep it going! I am at 2.25 mil. Biggest positions VOO, VTI, SCHD, VYM, and now looking to build up DRGO. I got $48,800 divs last year in taxable divs. Q2 taxable divs this year was $17,388 this year. I still have 5 years or so until retirement and I sleep well at night.
I like my money, like diabetes slow and steady! I am already retired and lucky for me, my F.A believes in investing for income. So I do have a check coming every month, my draw on my dividends.
Hi, I am trying to get an advisor for guidance but it's harder than you think. I am a doctor and the field of finance is not that close to me so far, but I am eager to bridge that gap. Starting with ETFs is my goal but with so many to pick from it's confusing the majority of the time. Do you know if your advisor is willing to consult with clients in other geographical areas?
Oh very well then, conducting due diligence on *Lina Dineikeine* should suffice. She has established a notable reputation over time, and her system is acclaimed for its outstanding quality. Good woman!
Two of the best in the business right here! 💯Much love for both you guys, you're doing great work and bringing some great content to the YT finance masses!
This collaboration (with a like minded investor) especially someone living off dividend (passive) income is very beneficial. Second time I am watching it.
Thanks Dave! I’ve been enjoying and benefitting from both of you for quite some time now! I appreciate the interview and knowing that you appreciate his work as well! You have been very inspiring to me as I’ve been redoing the focus of our retirement portfolio! Well done both of you; great job sharing your perspectives!
Dave, great video with your guest, I have seen plenty of content from his channel, and have incorporated some of his ideas into my portfolio. Thank you for having him on your channel. Keep them coming please.😊
Nice interview! I’m 35 so I’m in more growth and broad market funds but I have been allocating a percentage towards income funds, BDCs and REITs as well. It’s nice to see the consistent cash flow even if the upside is lower.
Hope you are aware of the impact of interest rates: *BDCs* benefit of rising/relatively high interest rates. On the contrary *MLPs, Preferred Socks, REITs* benefit of declinig/low interest rates. *CEF* and *ETF with option overlay* (from simple calls/puts to complex option strategies) need a closer look.
I watch both of your videos. Very informative. Been researching and buying monthly which is increasing my passive income totals. My end of year goal is $2000/month. May was $1198, June looks like $1305... I might make it.😊
Eyes glaze over! 😂 I just had that yesterday talking to a neighbor who is already retired. I'm not retired yet. Neighbor never heard of an ETF, doesn't know about SPYI, SVOL, JEPQ! He doesn't know about online brokerage! He would rather talk about fishing, hunting, golf or the high price of everything. Oh well, I tried to give a way to beat inflation by these new investments.
It was great seeing the two of you together! I love when my favorite youtubers meet. I think there is a segment of the population/audience out there that are interested in early retirement and how to fund it/how to live off of investment income. It is an interesting topic.
I choose tech, AI ETFs these days expecting them to be productive for the next 10 years more or less, but keep watching their trends, I like IONQ, XLK, QQQM, PLTR, AIMD, but I’m ready at any moment if needed to replace them with SCHD and SCHG, DGRO
Great interview. I too did my homework with MPW and also stayed away from it. I have a similar mix to Armchair but no BDCs as I was not sure tax implications with those.
2 of my favorites. I'm going for an income/dividend growth hybrid. Armchair Income is smart enough to reinvest a portion of his income to ensure income growth. This seems to be working during "normal" market condition. But I wonder how his strategy would work in an extended bear market (tech bubble, GFC, etc.)? I'm expecting income reduction even with my hybrid approach.
Good question... It would depend on the ETFs sustaining there distribution levels. I would suspect many would reduce and recovery would likely be slower versus growth. The pandemic is probably a poor comparison since it was short but Armchair did say his products held up well during that time.
Total return is always going to benefit you in the long run. If the value of one of your holdings goes up significantly, you can sell some of the stock. It's taxable, just like your dividends are (unless within a Roth). I would never give up total return for a smaller total return but with income. It just doesn't make sense.
I agree. Total return should be our primary driver. However, in retirement, giving up some gains for a more consistent return is quite attractive to many investors. Often just depends on your risk profile.
Could you tell us the name of the news letter that you used? The one that told you to stay away from MPW… apparently they were in the know and were correct….
I'm only starting my journey at 32 and hoping to retire by 60. Not sure if it's realistic just yet because I can only put in about $200 per month but with reinvesting and growth I'm hoping to have a relatively comfortable retirement. Not aiming to be rich.
yes, but I keep getting mixed answers on this. other people say because its based on options, as long as the NAV doesn’t tank too much, if volatility is high, they can still maintain the distribution
Thank you very much for your work. I love listening to your podcasts. I would like to ask you. Which ETF would you recommend for long therm investing in SP500. I am especially interested in ETF which do not distribute SP500 dividends but reinvest them. Thank you and good luck Dave
Not sure why one would have BDCS and REITs because they only produce ordinary dividends which are taxed higher. Also, why not just invest in the S&P 500 and shave off long term capital gains to pay bills?
Thank you both for sharing a great conversation! Other than funds expense ratio, does brokerage company, such as Vanguard, Fidelity, Schwab’s charge any kind of fee to purchase any of his suggested funds ? Thanks.
this works if u already have the capital. At 11% return u need a cool million to get 110k before taxes. If u have that is ok otherwise i prefer to be active and look for 20 % a year to grow.
@@wealthadventures it the other way around. If you don’t have a big account you have to risk more so you can grow it. If i reach my capital target (1.5 to 2 mil) then i can cruise and the strategy presented in the vlog will be fine.
Thank you very much, Dave; this is the perfect timing for me as I'm starting to research this topic deeply. I have a dividend portfolio, but I am starting to tone it. Please consider this concept and do more videos, as it is important for us (above the 40s) to focus on it and not delay more.
Not tax advice but... I would expect dividends from stocks would become long term capital gains and option premium would be short term or ordinary income.
Data source: *stockanalysis.* FEPI has a current dividend yield of 17% (monthly dividend payments in $ roughly all about the same) and the NAV is more or less consistent since etf inception in Oct 2023. FEPIs issue: didn't had to go through 'bad times'.
