I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
The name of my investment advisor is “Natalie Lynn Fisk She is a true genius when it comes to diversified portfolios, which make portfolios less susceptible to market downturns, and has a strong reputation in her area. You may already be familiar with her name; a Newsweek article gave me the information I needed. She is someone you could Google.
The secret to being successful from an investing perspective is to have an indefatigable, undying and unquenchable thirst for information and knowledge. Invest with a professional Investment manager and watch things turn around for good. I've learnt so much while investing with a pro advisor and i must say it's the best thing to do.
I've actually been thinking of reaching an investment-adviser, but don’t know how to go about it. Please who’s your investment advisor you invest with?
My advisor is "COURTNEY HEATH WILLIAMS"! He's highly qualified and experienced in the financial market. He has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching his credentials further. He has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@michaelfranklin. That’s impressive! Please if you don’t mind, could you please share the contact information of your financial advisor, because I’m seeking for a more effective investment approach on my saving.
My plan for example is not live off dividends because for most people who have "normal" jobs is impossible. But my goal is to receive 1/3 part of my wages or cover my food expenses.
Thanks for sharing! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits is important to get a mentor/coach to lead you all the way. It's great to start young too!
@@jonesdamian6448 personally i think 1m is the goal to overcome inflation and having them in an investment portfolio is a perfect plan. I'm half way to my goal
@Grand Hillary yeah. When looking for financial advisors, fees and commissions are important considerations. There are financial experts out there who, regardless of how little you wish to start.
@James Ordmon I know of Rachel Blanc her services are cost effective and very efficient. I recommend her to anyone, anytime. She's competent you can do your own due diligence.
Thank you for your video. I understand the ultimate goal of dividend focussed investors now. The M&G example was so clear. But so many things need to go right before a dividend payment can become your income. Much easier to take compounded savings and purpose a house that then provides passive rent income. Anything under €14000 is tax free. But with an ISA paying dividends, all income is tax free. 🎉
My strategy is to buy low yield, high growth stocks that can appreciate in share price rapidly and grow their dividend above the rate of inflation. Then once I’ve built up a big enough portfolio value, I will buy the FTSE all world high dividend yield etf
Great video and really clear and informative. I am fortunate to be able to start investing around £1k per month and this seems like a much better strategy than picking individual stocks.
Hello Mitch, Altria is also a dividend King I believe, so not sure the dividend is at a massive risk……anyway I just sold my shares and invested in 3 of my other shares……😂
I've got a pie of US Aristocrat stocks across multiple sectors. I am UK based. Being hit hard by FX impact costs on foreign investments atm. Makes me wonder if UK dividend stocks would be a better choice tbh. Hard to know
That’s one of the big risks I mention in the video, it’s why it’s so important not to just look at a high dividend yield and assume it’s a good investment
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
The name of my investment advisor is “Natalie Lynn Fisk She is a true genius when it comes to diversified portfolios, which make portfolios less susceptible to market downturns, and has a strong reputation in her area. You may already be familiar with her name; a Newsweek article gave me the information I needed. She is someone you could Google.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
The secret to being successful from an investing perspective is to have an indefatigable, undying and unquenchable thirst for information and knowledge. Invest with a professional Investment manager and watch things turn around for good. I've learnt so much while investing with a pro advisor and i must say it's the best thing to do.
I've actually been thinking of reaching an investment-adviser, but don’t know how to go about it. Please who’s your investment advisor you invest with?
My advisor is "COURTNEY HEATH WILLIAMS"! He's highly qualified and experienced in the financial market. He has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching his credentials further. He has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@michaelfranklin. That’s impressive! Please if you don’t mind, could you please share the contact information of your financial advisor, because I’m seeking for a more effective investment approach on my saving.
You can communicate with him on telegam using the user name information below.
WHCOURTNEY.
My plan for example is not live off dividends because for most people who have "normal" jobs is impossible. But my goal is to receive 1/3 part of my wages or cover my food expenses.
Love that! Great goal to have💪🏼
@@MitchShoesmith Thanks. If I am persistent in investing I am able to achieve this within 5-6 years.
@@tomaszcz7928 amazing, really inspiring that is mate! Good on you 👌🏼
Always love a dividend video. Nice work Mitch
Thanks mate!
Thanks for sharing! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits is important to get a mentor/coach to lead you all the way. It's great to start young too!
Hi, I'm 43 working on my retirement fund too. What do you think is the best target for retirement?
@@jonesdamian6448
personally i think 1m is the goal to overcome inflation and having them in an investment portfolio is a perfect plan. I'm half way to my goal
@Grand Hillary yeah. When looking for financial advisors, fees and commissions are important considerations. There are financial experts out there who, regardless of how little you wish to start.
@James Ordmon I know of Rachel Blanc her services are cost effective and very efficient. I recommend her to anyone, anytime. She's competent you can do your own due diligence.
Growwealthywithrachel
Thank you for your video. I understand the ultimate goal of dividend focussed investors now. The M&G example was so clear. But so many things need to go right before a dividend payment can become your income. Much easier to take compounded savings and purpose a house that then provides passive rent income. Anything under €14000 is tax free. But with an ISA paying dividends, all income is tax free. 🎉
My strategy is to buy low yield, high growth stocks that can appreciate in share price rapidly and grow their dividend above the rate of inflation. Then once I’ve built up a big enough portfolio value, I will buy the FTSE all world high dividend yield etf
I literally have the exact same long term investment strategy 😆
Snap! I'm aiming to keep my portfolio diversified with 50-60% weighted toward VHYL.
@@MitchShoesmith Wishing you all the best with your investing journey 👊
Great video and really clear and informative. I am fortunate to be able to start investing around £1k per month and this seems like a much better strategy than picking individual stocks.
Thanks Simon. Amazing position to be in! Yeah there is certainly pros and cons to investing in stocks with versus without dividends
I try to put monthly between 700-900€. My "heaviest" month i invested 2500€. If you put 1000£ monthly that would be around 35-40£ passive income. Nice
At 5:39 you wanted to set the annual contribution to 2,400 but you set it to 240,000 and thats why you reached millions in your calculator.
Its in pence, not pounds, the 240,000 pence is the same as 2,400 pounds
Hello Mitch, Altria is also a dividend King I believe, so not sure the dividend is at a massive risk……anyway I just sold my shares and invested in 3 of my other shares……😂
Great Video as always Mitch also just seen the new memo would love to see a documenting of the property on here! Good luck :)
Thanks mate! Will definitely make a few videos on it ☺️
Good job. Your content is very informative and nice to listen to. You're far away from boring! :) What platform do you use for the stock performance?
I've got a pie of US Aristocrat stocks across multiple sectors. I am UK based.
Being hit hard by FX impact costs on foreign investments atm. Makes me wonder if UK dividend stocks would be a better choice tbh. Hard to know
Hypothetically if someone has £250k after tax does anyone have a dividend portfolio they can recommend?
If you search The Compounding Investor (he commented on this video too) think his dividend portfolio is worth like £300k
Great video Mitch 👍
Thanks James!
M an g looks really good for the last 6 month would you think its a buy now
But if your stocks and shares go down by 10% what good ys 5%
Dividends return ?
That’s one of the big risks I mention in the video, it’s why it’s so important not to just look at a high dividend yield and assume it’s a good investment
No company paying a 10% dividend is going to increase their dividend by 2% per year AND see their stock price rise by 2% per year.
Do any banks pay dividends on T212?
Yeah most bank stocks I know of pay dividends
Or QYLD as is more diverse…..
Global Nasdaq Covered Call ETF for those who haven't come across it, with a 12% dividend yield!
@@MitchShoesmith and pays monthly, also arrived in the UK last November before anyone says it’s not available here…🤣
@@michaelhutchinson2854 yeah I've just seen it's available on Trading 212
I looked at M&G when it was under £/share. Arggghhh...
Hi mitch...do you have coca cola shares...
Hey, no I don’t own any Coca Cola shares
Thanks for replying...would you buy into coca cola stocks at some point...
@@sham-em5jw it’s a great company but not a stock that overly excites me if I’m honest
Fair enough...I don't have any div stocks so wondering which I shud start with...
Thanks for the great content. Would love to interview you on my channel if you’re down :)