"Even if you're on the fringes of the financial world, you're likely aware that dividends and passive income are currently a topic that is getting a lot of attention. Given the rise in popularity of YieldMax ETFs like ULTY and MSTY, it's no surprise that many people are trying to maximize earnings while the going is good. The hope for this Redditor is to build on their $50,000 in annual dividend earnings and at least double this number."
"For this individual posting on Reddit, they are currently invested with around $500,000 split between JEPQ in their IRAs as well as SCHD and DGRO in a broker account. Currently, they are also "DRIP-ing", which means they are re-investing all of their earnings or using the "Dividend Reinvestment Plan" strategy to try and grow their passive income as much as possible."
Dividends and passive income are getting extensive attention, driven by popular YieldMax ETFs like ULTY and MSTY. One investor earns $50,000 annually in dividends and intends to at least double that to $100,000. The investor holds roughly $500,000 allocated to JEPQ in IRAs and SCHD and DGRO in a brokerage account. The investor uses DRIP, reinvesting all dividend earnings via Dividend Reinvestment Plans to compound income. The investor completed prior research and advises careful investment, especially when including YieldMax options. A sponsored tool can match investors with vetted financial advisors for retirement planning and advice.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]