How you can get free money.
Who doesn’t love the idea of free money??
What I’m about to say is not financial, tax, or legal advice. This is simply something I did and my own observations and opinions on what has happened.
In 2021, I decided to try high yield dividend investing. This was an idea a buddy of mine had and we had talked it out, and then I researched it on YouTube and decided to try it.
Where I’m stashing cash.
You must do your own due diligence and never blindly listen to some random guy on the internet (me) - Because my situation is not necessarily your situation, and with investing you are never guaranteed to make money, you may even lose money!
I split up my money into the following Exchange Traded Funds (ETFs) and stocks and I have managed to generate about 12% returns in the form of MONTHLY cash flow. That’s right, at the end of every month, I’m getting 1% back from what I put in. So if you put $10,000 in, you’re getting back $100/mo for doing nothing. I’m using this as a glorified extra savings account right now. (note I have a 6 month emergency fund at my local bank)
ORC - 19.3%
CLM - 15.7%
CRF - 15.4%
RYLD - 11.7%
QYLD - 11.7%
XYLD - 8.9%
BIZD - 8.2%
JEPI - 7.4%
DIVO - 5.0%
O - 4.6%
SCHD - 2.9%
DGRO - 2.1%
SCHD, DGRO, AND BIZD pay out quarterly, but all the rest pay monthly - so every month, you’re collecting a decent amount of money!
Conclusion
So far I’ve been very happy with my experience. I did my taxes a couple weeks ago and there wasn’t any real impact from this income. If you’ve got some extra money laying around and want to start earning real interest, dividend investing may be worth looking into. Talk to your tax guy and see what the impact might be.
The income is definitely better than anything you’ll get at the bank!
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Some post content may be generated with the help of AI programs such as ChatGPT.
Kyle Root is a published and award winning photographer based out of Decatur Alabama. Working in the area since 1999 has helped him become one of the most recognized photographers and videographers in North Alabama. His work has been featured both locally and on the national stage. Honesty, Integrity, Quality Products, Amazing Customer Service, and just being a nice guy have helped propel him to the spotlight in the North Alabama area as a photographer. If you're looking for professional photography, you're in the right spot.
