How to Build A $1,000,000 Dividend Portfolio ASAP!
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- Опубликовано: 24 сен 2024
- How Long Do You Think it will Take You to hit a $1,000,000 Portfolio?
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I appreciate this video more than most on the topic because it highlights one of the most often overlooked aspects of investing. Your contributions matter SO MUCH MORE than your investment for the vast majority of people for the vast majority of their contribution timelines. Too many youngsters with hundreds or thousands invested squabbling over outpermances on 1-2 year timeframes...for an extra $100 difference(before any correction comes to create a little more balance).
I took this to heart a while back and put an intentional effort to focus on *life* instead of squeezing a few extra % out of my portfolio. I'll just say this; life is good, and so is the portfolio.
@@xaldath4265 Thanks a lot and I agree big time! A lot of younger investors chase huge returns and normally fall flat when all they have to do is consistently invest in good ETF’s or stocks with solid financials and they’ll do well. Thanks for the input!
I'm not even close.... LOL
@@DividendDude haha we’re all on the struggle bus so I feel ya, but its definitely motivating to see how increasing deposits can help long term. Thanks for the comment!
Anything is more than zero and even though contributions are the biggest factor for about 10 years, the habit of regularly contributing even before you reach your own goal is important. Far too many think they will magically change their mindset from spending to investing once they reach an income threshold. Unlikely. More likely is lifestyle will grow with that income and the target will continually shift upward *just* out of reach.
Interesting. I break down my channel by looking at four different age tiers for dividend investing. Similar to your four scenarios, with scenario 1 being the young investors and scenario 4 being the older investors.
@@TheDGICrab Nice! So you look at it over time which makes sense. Thanks for sharing💰
A lot of it comes down to how much you can contribute. We're all going to have to pay debt, use towards other investments, and life's necessities. Invest as much as you can, pick good stocks and ETFs, stay positive, and reinvest. A fun video JP.
@@whipless9668 Agreed 100%! Well said and thanks for the support!
While I do like watching videos of arbitrary goals like this, I have to be honest and say that as a dividend investor I couldn’t care less about the million dollar milestone. It’s sweet sounding for sure.
Yet what I care about first and foremost is compounding on my yield on cost and my yearly dividend income, where I want that to eventually surpass my annual deposits. That’s more in line with what I’m doing.
Good job on the channel btw ❤
I 100% get that! Yield on cost is a great thing to focus on because a lot of those companies tend to do pretty good and partially cause of their dividend growth over time. Sounds like you know your goals and stick to them which is good!👍
I like seeing these stats, it gives me an idea of what I want to go for. Of course, the quicker the better but nothing is impossible for me. Will work hard towards the goal of getting millions.
Thanks! And I agree its nice to see where you could be if you can get to a certain level of deposits!
I wouldn't mind a fund where I got my dividends once a year. That way eventually at the end of the year you could buy a car or do a lot of other things.
Makes sense, you could always save quarterly dividends up 4 times then you have a year!
I got to get my numbers up haha.
Don’t we all haha, I do feel like $15K-$30K is a nice range to get there for a lot of people especially married couples who can budget well. Just my take though, everyone is different!
@@JP_Dividends for sure
I'm lucky to not have any debt so my savings rate is pretty high. My goal is to hit 1 million within 15 years using the FIRE movement.
@@itsPHann Nice thats awesome, I’m in a similar position and hoping to get there within 15-20 years. Thanks for sharing!
is it ok to invest 250k in VOO in one sum or buy when its low Iam looking to rentier in 20 years Iam 43 now
I’m not a financial advisor by any means but usually Lump Sum investing is better than Dollar Cost Averaging, I would not wait for it to drop cause you could be waiting a while. Long term VOO has done very well though so hopefully that continues!
@@JP_Dividends thank you
Pepsi all the way baby😂😂
@@francosantoro1986 haha nice😎
Old man here(42) life is peaks & valleys young men. Your salary will increase & decrease. Stay the course. Lots of people out of college in tech made $150k/yr...then 2008 hit...then 2020 hit...Life is uncertain
@@o.c.g.m9426 thanks for the insight! I agree it definitely ain’t going to be a smooth ride long term just hoping to keep it as smooth as possible. Appreciate the wisdom😎💰
It will take 10 years
Nice💰