#Dividends #Passiveincome #Investing
Living off of Dividend Stocks
Many passive income investors dream of the day they can finally kick back and completely live off of their dividend income 100%. While this truly is an attainable reality for those who choose to make it so, there are certain things to be aware of.
When I invest for sustainable long-term dividend income, I focus on diversification, inflation, and realistic returns.
I never invest more than 5% of my portfolio in any one stock. Many of us (including myself) have favorite stocks that we have completely gulped down the “Kool-Aid” on (Realty Income (O), Waste Management (WM), or Aqua America (WTR) for example), but it’s vitally important to never expose your dividend stock portfolio to concentration risk. Again I stick to a max portfolio representation of 5%.
To further reduce risk inside of a dividend portfolio, I find it’s helpful to diversify geographically. It seems that a lot of my favorite domestic dividend ETFs also have foreign counterparts that can be found on the ETF company’s website.
Additionally, I always try and invest in companies that continually (and safely) raise their dividend. These dividend stocks are known as “Dividend Aristocrats” and boy are they special. At the time of this video there are 53 companies that are on this prestigious list and I purchased all of them with one buy order: ticker (NOBL).
Finally, I always factor in 3% inflation when I’m calculating ROI. It’s a total drag I know, but it must be considered if one wants to be successful in passive income endeavors.
If you found this information helpful, please like this video and join our community by subscribing. Have a friend that might like this video? Please share my channel with them. Thank you.
Inflation video: https://www.youtube.com/watch?v=xr7m0kr991g&t=93s
Portfolio construction: https://www.youtube.com/watch?v=PqpzPv7gzXU&t=653s
Besides the videos linked above, here’s my M1 Finance dividend portfolio: https://m1.finance/yxC-u__-8
Want free cash to get started? Find it here: https://mbsy.co/qgvmm
Connect with me on Instagram: @kennyrrobinson
Mailing Address: P.O. Box 4336 Pocatello, Idaho 83205
Easiest Way To Fix OR Build Credit: https://selflender.com/refer/16355093
Best High-Interest Savings Account: https://mailchi.mp/7fd25a4138b5/savings
Join the discussion by clicking on the „Community“ tab!
Disclaimer: I’m not your financial advisor, attorney, or tax professional, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. This video is intended for entertainment purposes only. Do your own due diligence, and take 100% responsibility for your financial decisions. Seek professional advice and guidance to aid your financial decisions.
Video Rating: / 5
Live Guide: How to Buy Stocks Online (Step-by-Step)
One of the most basic lessons to be learned in online trading is learning how to buy stocks. If you are a new trader or maybe just looking to buy stocks for long term investing, the process is the same. I take you through a step-by-step walk through using money in my retirement account to buy a stock. When you have finished watching this video you’ll have a complete guide that you can refer back to for when you make your first stock purchase online.
Come join me for a live session where I talk more about trading, the markets and all the money that can be made. Claim a seat here: https://claytrader.com/1-hour-trader-transformation/
Part 1: How to Buy Stocks Online – https://claytrader.com/videos/trading-101-buy-stocks/
How To Find an Online Broker – https://claytrader.com/blog/best-online-stock-broker/
Video Rating: / 5