Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Dividend stocks are in focus as investors looking for stability amid volatility in AI stocks and turn to recession-proof companies that reward their investors with regular income. However, choosing dividend stocks to meet long-term financial goals is not easy for beginner investors with a limited budget.
A few days ago, someone asked income investors on r/Dividends — a Reddit discussion board —how much they were earning per month from dividends. The question received more than 400 comments, with many success stories and impressive income reports.
Don’t Miss:
An investor said he was making more than $10,000 a month on average with a portfolio worth about $1.4 million. He said most of this income is reinvested in dividend stocks as he does not spend it. The investor also explained why he’s playing it safe:
“In case you want to know why: I work in high stress, high income, high risk tech. It’s very possible my job just disappear without much notice, and it could be a long time till I find another. This actually happened to me many years ago, before I had put the dividends put together (or the money to do it).”
The investor said he was once laid off and had to live off his savings for a few months. That phase of life taught him that he should develop a secondary income stream for tough times.
“I said I never wanted that nightmare again, and purposely worked towards this. having some money coming in without working for it is liberating.”
Trending: ‘Scrolling To UBI’ — Deloitte’s #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum.
Let’s take a look at some of the key dividend stocks in his portfolio based on the details he publicly shared on Reddit.
NEOS Nasdaq-100 High Income ETF
NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI) was one of the top holdings of the investor making more than $10,000 a month in dividends. However, the investor said he considers the fund risky.
“I hold QQQI, probably a couple hundred thousand dollars worth (not a large pecent of my NW). I consider it the highest risk single holding that I have…. and you are 100% QQQI and SPYI. I guess ignorance is bliss, if you knew more about this, you probably wouldn’t hold it,” he said in a separate discussion on Reddit.
#Dividend #Investor #Earning #Month #Shares #Top #Stock #Picks
