Dividend ETF Investing.

[Anonymous]

Would like recommendations for:

1. Dividend growth ETFs

2. Dividend income ETFs (preferably monthly payouts)

I’m retired and would like to move 750k within my IRA to dividend ETF investing.

Other IRA portfolio is a mix of low cost index funds ~$1.8M.

[Anonymous]

Your best sources would be:

Reddit (https://www.reddit.com/r/dividends/)- if you can tolerate a lot of childish commentary.

Bogleheads

Paul Merriman. Google his name and find his website.

[Anonymous]

I know it’s crazy, but I’m buying ULTY, MSTY and these insanely high yield Yieldmax dividends. Some are weekly payers. Look at the yields.

Also then taking my dividends and putting them in safer stuff like VYMI and QQQI.

Yeah yeah nav erosion and so forth. Whatever these things fking pay.

[Anonymous]

Anonymous wrote:I know it’s crazy, but I’m buying ULTY, MSTY and these insanely high yield Yieldmax dividends. Some are weekly payers. Look at the yields.

Also then taking my dividends and putting them in safer stuff like VYMI and QQQI.

Yeah yeah nav erosion and so forth. Whatever these things fking pay.

How long have you been doing it? I'm thinking of the same strategy..

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know it’s crazy, but I’m buying ULTY, MSTY and these insanely high yield Yieldmax dividends. Some are weekly payers. Look at the yields.

Also then taking my dividends and putting them in safer stuff like VYMI and QQQI.

Yeah yeah nav erosion and so forth. Whatever these things fking pay.

How long have you been doing it? I'm thinking of the same strategy..

Not long. About 2 months. I just learned about them recently. There are so serious considerations like whether the etf you buy will survive a downturn. But MSTY’a dividend yield is 144%. ulty is also on the up and up. I am also just bought some REX MSII. This is not financial advice. But people on the Yieldmax thread are literally buying Lamborghinis with their dividends.

[Anonymous]

This strategy has some flaws. You are exchanging stock price increase for dividends. It's no different than selling a share of a stock.

[Anonymous]

Anonymous wrote:This strategy has some flaws. You are exchanging stock price increase for dividends. It's no different than selling a share of a stock.

But OP mentioned retirement. They need a source of passive income, no?

[Anonymous]

Check out dividendology on YouTube. Wealth of information.

[Anonymous]

Look at JEPQ and SPYI. They are 8 and 11% respectively and pay monthly dividends.

[Anonymous]

So many purists hate divide t investing and yield chasing and so forth. And the answer also goes back to “buy VT or VOO” instead. I do that but also, fk it, I want to have some fun and I’m buying MSTY and trying to collect that 144% dividend.

[Anonymous]

How old are you?
How much do you need out every year?
Is any of this money inside of Roth?
Be careful with taxes, SS, And RMD. You may lose a lot of it to taxes for no reason.

[Anonymous]

Anonymous wrote:I know it’s crazy, but I’m buying ULTY, MSTY and these insanely high yield Yieldmax dividends. Some are weekly payers. Look at the yields.

Also then taking my dividends and putting them in safer stuff like VYMI and QQQI.

Yeah yeah nav erosion and so forth. Whatever these things fking pay.

I kind of get MSTY but why buy ULTY?

The stock just declines in synch with its crazy dividend. You are paying a 15% tax rate just to realize a capital loss when you sell that basically puts you at even/small loss. Or are most of the dividends considered return of capital?

Its chart for the last 5 years is just straight down.

MSTY writes options on one stock and just cares that it is volatile. At least that’s an interesting strategy.

[Anonymous]

Why can't I cash out my monthly dividends on Robinhood? Why are They making me reinvest??

[Anonymous]

Anonymous wrote:Why can't I cash out my monthly dividends on Robinhood? Why are They making me reinvest??

Usually the default is they are paid in cash, but if not you should change your dividend reinvestment settings to cash.

[Anonymous]

SCHD