Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363 
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Post by Rukh O'Rorke on May 9, 2022 15:03:41 GMT -5
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Post by minnesotapaintlady on May 9, 2022 15:46:19 GMT -5
You probably should quit looking.  |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on May 9, 2022 17:55:56 GMT -5
You probably should quit looking. I'm looking a lot less! But waiting on some buying ops. |
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,603
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Post by Ombud on May 27, 2022 15:35:52 GMT -5
| Previous Schwab accts: | 875,093
| | Brokerage | 384,262
| | IRA | 394,493
| | Roth | 90.475
| | Schwab cash | $12,956
| | New Total | 886,975
| | Difference | +11,882
| | YTD | -12.37%
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Schwab holds 88% SCHB, 4% PWZ, 4% cash, 4% individual stocks .... not adventurous at all. Cash flowing all major expenses from USAA (currently 21k cash) since graduating from WIRR |
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,603
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Post by Ombud on May 27, 2022 16:11:47 GMT -5
I'm looking a lot less! But waiting on some buying ops. Any particular sector or ETF? I used to trade alot but didn't beat the index. Respect those who can |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on May 27, 2022 16:46:05 GMT -5
I'm looking a lot less! But waiting on some buying ops. Any particular sector or ETF? I used to trade alot but didn't beat the index. Respect those who can I'm not particularly trying to beat the market, although I have. I try to buy by conscience - animal rights foremost, then people and environmental concerns secondarily, and I've been ok with that being below the indices if it must be, although of course I need something that will get me to retirement. Luckily, that pushed me into a lot of tech stocks so that has gone up quite a bit, and down quite a bit lately. So very volatile, and that volatility is something I will need to come to terms with when I do eventually retire. I had wanted to up my tesla holdings during the downturn, but musk has put me rethinking things. But I have so many constraints already to companies I will buy and all CEOs are likley assholes, just perhaps more quietly than musk, so as I was thinking I should get those extra tesla shares, they're up about 15% the past 2 days. You snooze you loze! I have a dividend portfolio I've been tracking here: ymam.proboards.com/thread/64697/dividend-portfolioSo far that portfolio is doing ok and my goal there is to get to 2k/month dividends. Most of that is in an IRA rollover, with about 20% in taxable, but I'm not sure which is the best place for dividends and lots of chatter about dividend investing being not the best around the internet, but I'm trying to make up for not having any pension money and retiring (Hopefully!  ) before SS kicks in, which SS wouldn't be much more than 2k a month in any event...unless I wait til 70, but will depend on market. But if I can get to 2k month divvies and 2k a month ss, then have some targeted growth stocks, I will feel fairly secure. Beyond meat is heavily shorted and I want to pick up some of that as it is very low. Bought some a few years ago and am super down on that one but I love their products and have faith so want to buy more and hope for a short squeeze. Also want to pick up some oatly. So I don't have any real investment philosophy except to buy what I want to buy (products) do cursory research on the tdameritrade site, read a few analyst reports, and go with my gut. So likely a case study of how not to do it, lol! But here I am. I am looking at adding to my tesla and beyond meat, adding oatly in as a new position, and then adding to my dividend stocks as my targets for new money. But I know nothing Jon Snow! |
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CCL
Junior Associate
Joined: Jan 4, 2011 19:34:47 GMT -5
Posts: 7,711
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Post by CCL on May 27, 2022 19:39:44 GMT -5
But the thing about dividends is, if you withdraw your dividends, the value of your account is going to go down by that amount. It's not like interest which is "extra."
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on May 28, 2022 11:00:10 GMT -5
Where do you put money for income?
To my mind it has to do with company growth and profit, whether they put profits into continued growth or distribute to share holders. The more they put towards dividends the less they are investing for growth. So slower growth but less volatility and don’t need to sell for income. Of course dividends can be cut or eliminated at any time.
I think bonds are shite at this point, low yields and lossing value. would only consider treasuries. But that income is still pretty low on the yields.
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Post by minnesotapaintlady on May 29, 2022 21:51:13 GMT -5
But the thing about dividends is, if you withdraw your dividends, the value of your account is going to go down by that amount. It's not like interest which is "extra." Why aren't dividends "extra"? If you don't reinvest them, you still have all your shares at the same price. It's not like a capital gains distribution where the share value drops with the distribution. |
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Ombud
Junior Associate
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Post by Ombud on May 29, 2022 23:32:05 GMT -5
But the thing about dividends is, if you withdraw your dividends, the value of your account is going to go down by that amount. It's not like interest which is "extra." Why aren't dividends "extra"? If you don't reinvest them, you still have all your shares at the same price. It's not like a capital gains distribution where the share value drops with the distribution. Actually stock price drops by the amount of the dividend at x-dividend date. |
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CCL
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Post by CCL on May 30, 2022 5:39:26 GMT -5
You all are so much better at keeping track of this than I am. I'm just too lazy to create a spreadsheet.
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CCL
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Post by CCL on May 30, 2022 5:42:53 GMT -5
But the thing about dividends is, if you withdraw your dividends, the value of your account is going to go down by that amount. It's not like interest which is "extra." Why aren't dividends "extra"? If you don't reinvest them, you still have all your shares at the same price. It's not like a capital gains distribution where the share value drops with the distribution. No, dividends work pretty much the same way as capital gains distributions. If you don't reinvest and withdraw the amount instead, you have all your shares, but at a lower price, so your account is now worth less money. In non-retirement accounts you may also have to pay taxes on the distribution amount during that year, although that can likely be added to your basis. |
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Post by minnesotapaintlady on May 30, 2022 7:07:31 GMT -5
Why aren't dividends "extra"? If you don't reinvest them, you still have all your shares at the same price. It's not like a capital gains distribution where the share value drops with the distribution. No, dividends work pretty much the same way as capital gains distributions. If you don't reinvest and withdraw the amount instead, you have all your shares, but at a lower price, so your account is now worth less money. In non-retirement accounts you may also have to pay taxes on the distribution amount during that year, although that can likely be added to your basis. Ah, you can tell I own no dividend stocks. My taxable account throws out $100/year in dividends. I just hear people say all the time they're going to just live on the dividends and leave the principle alone, they must be talking about individual stocks, not mutual funds. |
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CCL
Junior Associate
Joined: Jan 4, 2011 19:34:47 GMT -5
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Post by CCL on May 30, 2022 8:54:55 GMT -5
Individual stocks work the same way.
I never really understood how folks expect to "live off the dividends" without drawing down their accounts.
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on May 30, 2022 13:50:38 GMT -5
Why aren't dividends "extra"? If you don't reinvest them, you still have all your shares at the same price. It's not like a capital gains distribution where the share value drops with the distribution. No, dividends work pretty much the same way as capital gains distributions. If you don't reinvest and withdraw the amount instead, you have all your shares, but at a lower price, so your account is now worth less money. In non-retirement accounts you may also have to pay taxes on the distribution amount during that year, although that can likely be added to your basis. yes and no. I have a number of stocks that make monthly dividends, but before the downturn, the price increased regularly as with the market. Yes, it usually took a dip on the xdividend date but would pop up again quickly. but it wasn't a sure thing it was going to dip either, depending on what else was going on with that company and the market in general. Its just a small piece of profit that the company spins off. The company is continuing on in its business and *hopefully* *supposedly* making money on the regular. I'm pretty sure individual stocks don't have capital gains ever, I think that is only from funds that have sold stocks over the term. Maybe individual stocks could sell some subsidiary and have capital gains? I have not experienced that. |
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on May 30, 2022 13:58:02 GMT -5
No, dividends work pretty much the same way as capital gains distributions. If you don't reinvest and withdraw the amount instead, you have all your shares, but at a lower price, so your account is now worth less money. In non-retirement accounts you may also have to pay taxes on the distribution amount during that year, although that can likely be added to your basis. Ah, you can tell I own no dividend stocks. My taxable account throws out $100/year in dividends. I just hear people say all the time they're going to just live on the dividends and leave the principle alone, they must be talking about individual stocks, not mutual funds. I think it works the same way. Dividend stocks - if the company is well run and profitable - generally increase in price over time, and increase their dividends so that they maintain the yeild in a particular range. Closed end funds will not incrrease in value over time, they are designed to be pretty static and spin off income. Maybe to increase with inflation? Idk much about them. |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on May 30, 2022 14:27:25 GMT -5
maybe the book value is what goes down exactly proportional to the dividend on x date?
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,603
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Post by Ombud on May 30, 2022 21:52:13 GMT -5
maybe the book value is what goes down exactly proportional to the dividend on x date? yes, that's it. And if well run increases back to original value PDQ |
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ners
Junior Associate
Joined: Dec 23, 2010 16:21:18 GMT -5
Posts: 6,666
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Post by ners on May 31, 2022 20:12:12 GMT -5
May update.
Not as bad as I thought it would be.
Up by about 700.00 over last month. Still down near 19000.00 since 12/31/2021.
Assest
Cash 21,477.24
Retirement 170,641.91
House 80,000.00
Car 2,500.00
Stock 6,511.34
HSA $7,181.10
Total Assets 288,311.59
Liabilities
Mortgage 52,450.35
Helco 9,311.84
Car 3,517.61
Total Liabilities 65,279.80
Net Worth $223,031.79
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plugginaway22
Well-Known Member
Joined: Jan 2, 2011 10:18:42 GMT -5
Posts: 1,661
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Post by plugginaway22 on Jun 2, 2022 10:57:33 GMT -5
End of May update is not as awful as I feared. Our total net worth is down $110,000 from 2021 year end. We are living off savings so expected to be down but maybe not this much. All is good. Our retired spending equates to 5K per month so far, which is about what we planned...$60k/year.
We have taken 3 trips so far for a total of $5600, included in the above numbers. We are LOVING retirement and I would highly recommend it!!
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,363
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Post by Rukh O'Rorke on Jun 3, 2022 21:54:30 GMT -5
| April 2 2021 | Dec 31/Jan 1st | Feb 3 2021 | Mar 5 2022 | April 1 2022 | May 1 2022 | June 3 2022 | | 401k and rollovers | $1,304,844
| 1,754,854
| 1,530,246
| 1,326,083 | $1,629,256
| 1,304,346 | 1,197,393 | | Roth | $197,893
| 224,473
| 196,767
| 180,945 | 213,577
| 168,663 | 140,062 | | I-bonds/TIPS |
| 10,020
| 15,057
| 16,099 | 17,142
| 17,418 | 20,603 | | Other: EF, ESOP, HSA | $49,159
| 40,828
| 42,045
| 38,121 | 40,640
| 30,167 | 30,604 | | Total |
$1,551,896
| 2,030,175
| $1,784,115 | $1,561,248 | $1,900,615
| 1,520,594 | 1,388,664 |
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Post by minnesotapaintlady on Jun 4, 2022 23:04:53 GMT -5
I figured this out on the 1st, but was on vacation and didn't have time to post the update. Mortgage - $78,558 CC debt - $4,051 Total Debt $82,609Cash and Savings - $57,371 529s - $63,627 Retirement - $759,541 House - $300,000 Total Assets $1,180,539Net Worth $1,097,930 Up 1.68% for the month, but still down over 6% for the year despite putting a lot in  |
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,960
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Post by tcu2003 on Jun 4, 2022 23:19:12 GMT -5
Here is my May 2022 update:
ASSETS:
Checking/Savings: $220,452
House: $512,700
Retirement: $1,671,270
Brokerage: $12,252
529s: $76,507
DEBTS:
$0
Total NW: $2,493,181
As usual, the list above excludes our cars, which are worth around $30k combined, but I leave them out because we're unlikely to sell, and need them to get to/from work, kids schools, etc. in the land of suburbia.
We're down less than 1% from last month, generally thanks to the stock market. On a positive note, I finally opened up a taxable account with Vanguard, and moved a small amount of cash over and invested in an index fund, so it's a start!
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on Jun 5, 2022 10:15:04 GMT -5
I figured this out on the 1st, but was on vacation and didn't have time to post the update. Mortgage - $78,558 CC debt - $4,051 Total Debt $82,609Cash and Savings - $57,371 529s - $63,627 Retirement - $759,541 House - $300,000 Total Assets $1,180,539Net Worth $1,097,930 Up 1.68% for the month, but still down over 6% for the year despite putting a lot in woohoo!  you are up? incredible! And still in the 2 comma club, impressive! |
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Post by minnesotapaintlady on Jun 5, 2022 10:45:44 GMT -5
I figured this out on the 1st, but was on vacation and didn't have time to post the update. Mortgage - $78,558 CC debt - $4,051 Total Debt $82,609Cash and Savings - $57,371 529s - $63,627 Retirement - $759,541 House - $300,000 Total Assets $1,180,539Net Worth $1,097,930 Up 1.68% for the month, but still down over 6% for the year despite putting a lot in woohoo! you are up? incredible! And still in the 2 comma club, impressive! Retirement is up 1.54% from last month with contributions, but I also messed up a little last month it appears. I had moved 10K from cash to I bonds and recorded the drop in cash but had kept the bonds at 25K when they were really 35K, so that helped prop this month up some. Haven't left the 2 comma club since joining March of 21, but it's creeping pretty close. It wouldn't take much of a market drop to get me there now. I could always bump my house up to what Zillow says (something like 460K without the additional 10 acres) but I'd rather just keep it at a price that I could sell it at in one day cash with no contingencies since I'd just have to buy something else anyhow. |
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Post by minnesotapaintlady on Jun 30, 2022 18:17:25 GMT -5
Another "ouch" month. Down nearly 13% for the year now. Still clinging to my second comma though! Mortgage - $78,237 CC debt - $4,328 Total Debt $82,565Cash and Savings - $53,991 529s - $60,840 Retirement - $699,601 House - $300,000 Total Assets $1,114,432Net Worth $1,031,867
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CCL
Junior Associate
Joined: Jan 4, 2011 19:34:47 GMT -5
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Post by CCL on Jun 30, 2022 20:30:33 GMT -5
You're still doing great MPL!
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Post by minnesotapaintlady on Jun 30, 2022 21:37:12 GMT -5
I'm down like 135K this year despite putting nearly 30K in. Painful, but not much to do about it. I think Dory knows best.  |
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,960
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Post by tcu2003 on Jun 30, 2022 22:21:03 GMT -5
Here is my June 2022 update:
ASSETS:
Checking/Savings: $219,687
House: $512,700
Retirement: $1,533,789
Brokerage: $14,400
529s: $69,844
DEBTS:
$0
Total NW: $2,350,420
As usual, the list above excludes our cars, which are worth around $30k combined, but I leave them out because we're unlikely to sell, and need them to get to/from work, kids schools, etc. in the land of suburbia.
We're down about 5.7% from last month, thanks to another down month in the stock market. On a positive note, I moved a few thousand from cash to the taxable account with Vanguard. Of course, that also drives DH nuts - not so much that we're investing, but it's harder for him to "track" how much we're spending - looking at our cash balances, it looks like we're spending everything we bring home, which isn't the case since I've done things like fund both of our Roth IRAs this year, fund both kids 529s up to our max state tax deduction, and start a taxable account (plus pay a crap ton in taxes in April). But I get it - he keeps track of the cash accounts, and I keep track of the investment accounts as far as day-to-day or investing stuff.
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
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Post by tcu2003 on Jun 30, 2022 22:21:37 GMT -5
I'm down like 135K this year despite putting nearly 30K in. Painful, but not much to do about it. I think Dory knows best. Love this! And just what I needed! I logically "know" this but it's still darn depressing to look each month. |
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