2340: MONDAY MASTERY - Making Your Own Stock Dividends by Chris Reining on Understanding Investment Dividends

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

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🗓️ 12 June 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris Reining shares how to make your own stock dividends Episode 2340: MONDAY MASTERY - Making Your Own Stock Dividends by Chris Reining on Understanding Investment Dividends Chris Reining is an investor, writer, and avid student of life. He shares how to build wealth and reach financial freedom on his website ChrisReining.com. The original post is located here: https://chrisreining.com/dividends/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	At TFL, we're making journeys safer for everyone, and that includes improving safety on London's
0:06.5	roads. That's why we and London boroughs are lowering more speed limits to 20 miles per hour,
0:12.4	because 20 miles per hour roads have already reduced collisions resulting in deaths or
0:16.8	serious injuries by 24%. That is how we're making journeys in London safer and brighter for everyone.
0:24.8	This is Optimal Finance Daily, Episode 2340, making your own stock dividends by Chris
0:37.2	Rining of ChrisRining.com, and I'm your host and personal finance enthusiast, Diana Mariam.
0:43.6	This show is actually one of multiple shows in our network, covering different topics like
0:48.1	personal development, health, and relationships. So if you like a narration style podcast,
0:53.9	be sure to search for Optimal Living Daily wherever you're hearing this, and check out our other
0:58.6	shows. But for now, let's get right to today's Monday Mastery post as we optimize your life.
1:09.4	Making your own stock dividends by Chris Rining of ChrisRining.com.
1:15.5	I started questioning my entire investment strategy. I had built a stock portfolio for growth
1:21.8	and was sure it was a horrible mistake. I had already quit my day job to live off stocks,
1:27.1	but was only getting $3,798 in dividends. That's the reason retirees love income portfolios.
1:36.0	They invest their nest egg in things that generate enough income to fund their retirement,
1:41.1	typically stocks like AT&T or Coca-Cola or whatever pays a fat dividend. So I considered
1:47.8	switching my portfolio from growth to income. It certainly would make life simpler,
1:53.0	getting those quarterly paychecks. But it also be an expensive undertaking. I'd need to pay the
1:58.9	capital gains tax. And then a funny thing happened. The more I thought about it, the more I realized
2:05.4	something important. I don't want dividends. The reason I invest in a business is pretty simple.
2:12.2	I think the business can grow, and if the business grows, the stock price should move in unison.
2:18.4	How exactly do businesses grow? Well, they can acquire another company like Amazon Buying Whole Foods,
	...

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