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Dividend Stocks

263 85 July 8, 2024 at 11:00 AM in Finance
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Last Edited by slicbrat July 8, 2024 at 12:43 PM
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Anybody here creating passive income using dividend stocks? Is it worth the hype? I am currently investing in CD's at around 5.2% on Treasury Direct and wondering if I should instead invest in dividends?

Just beginning to look into those and looking for suggestions or maybe real estate dividends Smilie
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slicbrat
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jherbido
07-10-2024 at 12:03 PM.
07-10-2024 at 12:03 PM.
Great question and yes, I am doing that to a certain degree. Some of the energy stocks had very nice dividends, like Conoco (COP) but nowadays their payout isn't that great. About 3%. One of my favorites is Energy Transfer LP, which is stock symbol ET. Pays a 7.88% divi and that divi seems safe. Check it out - try to buy low by using limit orders. This one isn't going to takeoff like a technology stock, but its good for slow and steady. If rates are cut later this year, that can sometimes bring dividend seekers into the market, which could theoretically help drive ET up again.
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slicbrat
07-11-2024 at 05:55 PM.
07-11-2024 at 05:55 PM.
Quote from jherbido :
Great question and yes, I am doing that to a certain degree. Some of the energy stocks had very nice dividends, like Conoco (COP) but nowadays their payout isn't that great. About 3%. One of my favorites is Energy Transfer LP, which is stock symbol ET. Pays a 7.88% divi and that divi seems safe. Check it out - try to buy low by using limit orders. This one isn't going to takeoff like a technology stock, but its good for slow and steady. If rates are cut later this year, that can sometimes bring dividend seekers into the market, which could theoretically help drive ET up again.

I will look into it! Curious, why not tech stocks and what are the factors you considered while picking these?

Also, what made you get into dividends? Is it primarily better returns or is there more than that?
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blackmarlin8
07-16-2024 at 08:10 PM.
07-16-2024 at 08:10 PM.
TSLY 71.5%. I loaded some.
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zzyzzx
09-26-2024 at 10:25 AM.
09-26-2024 at 10:25 AM.
Anybody here creating passive income using dividend stocks? Yes!
Is it worth the hype? Yes!
I am currently investing in CD's at around 5.2% on Treasury Direct and wondering if I should instead invest in dividends? Yes!

Having written that, it depends on things like if you are trying to build up enough dividends to retire off of, so knowing what your financial goals are, and around how old you are would be helpful.
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WindySummer
09-26-2024 at 02:55 PM.
09-26-2024 at 02:55 PM.
Jenny Harrington 'Halftime Report' CNBC 9:00 AM PST once or twice a week.
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TenderWater298
09-27-2024 at 11:11 AM.
09-27-2024 at 11:11 AM.
HI sorry for the late reply
My 401k allows you to have a brokerage account and dividend stocks are great investments in a retirement account.
I look for stocks mostly reit that can give 9 to 10 percent yeld. HRZN is my go to because it pays its dividend monthly.
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