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5 Dividend Index Funds That Pay Me $521 Per Month

8 Views· 05/30/22
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Investing is awesome, and it works best when you invest for the long term (because you know compound interest). But, at some point if your investment doesn’t pay you any dividends (aka share of the profits), you’ll have to sell some shares, which kinda suck.

So, When I was looking to invest into my boring portfolio, having dividends was very important. It started with a few pennies, dollars and now it’s a few hundred dollars. In this video I’ll tell you what I invest into, the scams to look out for with dividends and I’ll answer this question (should you be reinvesting dividends or not)

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CHAPTERS:

0:00 INTRO
0:55 WHY DIVIDENDS ARE IMPORTANT
2:43 MY INVESTMENT PORTFOLIO
5:03 HOW MUCH MONEY DOES IT MAKE?
10:06 MY DIVIDEND PAYMENTS (STARTED FROM THE BOTTOM)
11:29 FINAL QUESTIONS
15:11 OUTRO

This video is to help the average person get to know dividends and how they work and how to potentially live off dividends



1.What I invest into, How much Money it Pays me and Why I picked these

It’s the reason you came to watch this video, so les answer these questions

Firstly I’m a big visual learning so I can show you better than I can tell you

I also believe in transparency, because growing up know the little details would have really helped me ( plus I’m lowkey nosey )

Answers:

I invest into Index Funds and Etfs that mirror the Exact same Index funds ( it’s a total of 5 investments and that’s it )

They Pay combined average of 1.967% and it cost me .05% as an expenses ratio ( fee )

I have a total invested amount of $268k in one account and another 50k in another for a total of 318k ( before you start going crazy over these numbers, I started investing with literally $7 that’s it and you can do it with $10)

The math:

I make $521.25 per month in dividends

It cost me $159 as a fee annually

And this a lot better than a fancy portfolio manager which cost 2% which would literally take my dividends



More Stuff:

Show them How the dividends started

What do you do with the dividends

And How Often I get paid

Total Gains


2. Why Dividends are So Important and How not to get Scammed


There are two key Factors in Dividends

Consistent Dividend Payments: Some companies pay a high dividends but are inconsistent, so you might get paid, or you might not

Solid Investments: No matter how great the dividend is, if the company is trash eventually you’ll lose more money



Obviously Reinvesting Dividends and The importance of Dividends:

No not everyone should be reinvesting their dividends

Yes Dividend is the equivalent of Rent Payments on real estate but instead in stocks ( its cash flow, to keep you from messing things up while the value goes up )


3. What My dividend Goal is

My goal is to get to $2000 a Month and to do that I need to invest 1.2M ( because I only 2% )

But I rather make 2% than 5% with a company that I don’t know if its going to be here in the next 50 years

And yes I do reinvest my dividends, because I'm not investing into induvial stocks

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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