overview for POTOOOOOOOO

Diversification and REITs, What's next after $SCHD in c/fire@lemmy.ml

[–] POTOOOOOOOO@reddthat.com 1 points 2 days ago

Sure!

My goals for dividends is to make enough to just barely get by in the event of a layoff. I put my desperation expense at around 8k-11k. I'd like that in passive income.

I have an emergency fund outside of the taxable brokerage. It's enough for a year.

My bills are all at the beginning of the year (mainly February - July) then my bills are non-existent almost. So Auto deposit isn't the best of ideas. But whenever I get over a threshold in my account then it goes to investments. I am very consistent with that when I am able.

My goals are to have enough money that I can do a soft retirement or I think people also call it Barista fire. If I stay at my place of work long enough, then full retirement. I just value my financial safety in times of uncertainty.

My guess of a plan would be ~3000 shares of SCHD on DRIP, and at least 2 other maininvestments leaving about 5-10% in risky investments such as QQQM. I want to focus on having enough dividends for the ability of having passive income.

Time frame is ~8k in dividends in 5 years if I can. All in a brokerage account. Then once I feel I have my safety net then go after more growth oriented. Plus that is what the 401k is focused on.

Going through 5 jobs in 5 years to me was stressful. I want a safety net of passive income first. I just don't want to throw all my eggs in one basket with an ETF that I like a lot. I want diversity.

5

Diversification and REITs, What's next after $SCHD (reddthat.com)

submitted 3 days ago by POTOOOOOOOO@reddthat.com to c/fire@lemmy.ml

3 comments fedilink

Greetings,

Hi, I'm a US based, mid 30s, Linux user.

I mainly hold a lot of $SCHD in my brokerage but I feel like I should possibly diversify. I don't know a lot about REITs and I have none in my portfolio. I also have little tech exposure as $SCHD doesn't buy much. So, I complement it with a bit of $QQQM.

$QQQM has almost no dividend. I don't generally want to sell any stocks. I looked into $JEPI but it seems to not keep up with the market. My goal is to never sell because of Tax reasons. I'm definitely more of a dividend investor.

I don't want to get much exposure to healthcare. Ever since late last year I think the industry has been heavily under heavy scrutiny. I don't expect it to do as well. Plus, I don't like the idea of making money off people who are sick.

I like the idea of having a second source of income. I live very frugally and had 5 jobs in 5 years. I think I settled on a great place to work; but the fear and concerns from layoffs are always there. It's nice having a soft cushion of dividends.

I have a 401k largely investing in fortune 500.

I was would like input from others.

Okay why is your distro the best? in c/linux@lemmy.ml

[–] POTOOOOOOOO@reddthat.com 1 points 3 days ago

Thank you. All very good points.

Okay why is your distro the best? in c/linux@lemmy.ml

[–] POTOOOOOOOO@reddthat.com 1 points 4 days ago (2 children)

Hopefully none, why do you like Gnome? I thought it was okay, but I really love KDE more. I don't hate Gnome. It seems really good for anyone who uses a touchpad or touchscreen.

Okay why is your distro the best? in c/linux@lemmy.ml

[–] POTOOOOOOOO@reddthat.com 1 points 4 days ago

It's what I use!

Okay why is your distro the best? in c/linux@lemmy.ml

[–] POTOOOOOOOO@reddthat.com 1 points 4 days ago

Glad you said that. I had that issue on my fedora computer.

128

Okay why is your distro the best? (reddthat.com)

submitted 4 days ago* (last edited 4 days ago) by POTOOOOOOOO@reddthat.com to c/linux@lemmy.ml

171 comments fedilink

I made the unfortunate post about asking why people liked Arch so much (RIP my inbox I'm learning a lot from the comments) But, what is the best distro for each reason?

RIP my inbox again. I appreciate this knowledge a lot. Thank you everyone for responding. You all make this such a great community.

You may use that knowledge wisely in c/memes@lemmy.world

Breaking the generational barriers in c/lemmyshitpost@lemmy.world

[–] POTOOOOOOOO@reddthat.com 29 points 5 days ago (10 children)

Let it be the landlord's problem.

I Was Walking Around The Farm Without My Glasses When I Fell Into A Deep Hole Filled With Water in c/dadjokes@lemmy.world

[–] POTOOOOOOOO@reddthat.com 14 points 5 days ago (1 children)

Well well well...

Why does Arch seem to have a cult like following? in c/linux@lemmy.ml

[–] POTOOOOOOOO@reddthat.com 2 points 5 days ago

I'm using Fedora, but I'm not going to say it's my favorite. I liked MX and OpenSUSE a lot. Just had a hard time with running them on a computer. Fedora just worked out the box.