this post was submitted on 28 Sep 2024
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No Stupid Questions

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[–] Captainvaqina@sh.itjust.works 0 points 1 month ago (1 children)

How much do you personally have invested in stocks like these?

[–] MrEff@lemmy.world 2 points 1 month ago* (last edited 1 month ago) (2 children)

Little under 30k in higher risk dividend. Bring in about 800 a month.

I have a mix of large cap, small cap growth stocks, then dividend high risk and low risk. Stock like this (I do not own PETS, I was just using it as an example) would be a high risk due to its price instability. But you mitigate that with stop loss orders.

I have a vanguard/roth for my longs (large cap growths and stable dividends with DRIP) and then use etrade for the small cap or high risk ones. I like their tax documents and easy interface.

People make arguments against dividend stocks, I simply call it a different strategy. Some years it beats out my growths, some years it is about on par. Depends on where I have it at the time and slightly more market dependant.

I have recently gotten into ex-date chasing. While it has increased the returns, it is more work.

[–] Grayox@lemmy.ml 1 points 1 month ago* (last edited 1 month ago) (1 children)

Ive thought about doing that with my IRA, has the market negatively impacted your yields at all?

[–] MrEff@lemmy.world 1 points 1 month ago (1 children)

When it is easy bull markets, I go heavy on growth stocks. When the market is bear, I go heavy on dividends. Right now though there is a high beta turmoil, so I have a mix of both. My IRA is also set up as more od a "leave this alone" investment. My etrade account has my "fuck around and find out" money. I mention this because it is hard to directly compare the two. So far my dividends have strongly out performed the growth stocks, but only in the last 3 months or so has the gap widened. I credit it to 2 specific ones that are getting me 30%-ish yields with stable prices. They are also new etf's, so the hedge money is still strong before the stripping gets to its prices. I mentioned in a post lower that that my little under 30k is netting me 800/month. Honestly it is paying a higher yield than renting out my condo is getting me.

[–] Captainvaqina@sh.itjust.works 0 points 1 month ago

Thanks for this, 30% is crazy to me. Which ETFs are these two if you don't mind me asking?

[–] TrickDacy@lemmy.world 1 points 1 month ago (1 children)

ex-date chasing

Don't they call that "stalking"?

[–] MrEff@lemmy.world 1 points 1 month ago* (last edited 1 month ago) (1 children)

Also yes. The more professional name is 'dividend capture strategy'. More work, worth the pay off, do all you can to avoid commissions and fees.

[–] TrickDacy@lemmy.world 1 points 1 month ago (1 children)

Haha I was making a joke about the terminology but I probably should actually do some reading about the topic

[–] MrEff@lemmy.world 1 points 1 month ago

It is also called 'dividend stripping'.