In general not crazy about dividend names because you’re punished on taxes for holding since they don’t get capital gains perks

However a ticker I’m watching is Pfizer, mainly cuz there is growth to be had here as well

Want this in sub 25s tho

PFE looks legit I just looked into ssrm and they suspended dividends in light of there recent event I guess lol spoke a little too soon on that one, also are you still punished on taxes if you reinvest your return back into the stock? I'll do some research this week and try and get a better understanding of how all this works and if it's worth doing what I really need to do is consult with a finincial advisor at least once I been pushing that off for years ><

GAIN.

Yeah even if you autoreinvest your dividends you’re still taxed on them.

I think
Diversity is important tbh though. I personally try to cover most of the sectors in my brokerage and have favorites in each area. I don’t place as much importance on dividends but still have a few with them like some banks , apple, Disney coming to mind. I do think straight VOO is superior than a dividend portfolio but if you’re someone that has a huge nest egg and just want yearly income (dividend) without having to worry about major selling then I definitely see the value here. I do have a couple reits (actually just 1 left, MFA) that I picked up from covid too , but mainly got them for the growth not the dividend.

I’d be cautious buying anything in the immediate timeframe though. I’m not trying to time this pull back with puts or shorts (I am doing some covered call selling) but would keep cash handy for inevitable pull back and have your buying list ready with levels already mapped out for the names you want . So u don’t trade emotionally rather just analyzing risk reward for each ticker , and not in the moment of a draw down where you might let emotion interfere with your plan


This post was edited by Bazi on Mar 2 2024 12:49pm

Yeah overall it's not bad. Ended up having all my accounts there and was a bit of convenience just to use what they offer. It def lacks some features and customization options that you probably would find with Lightspeed trader or some of the other platforms that cater to day trading.



I know how this is going to sound and I'll probably catch some heat for it... but here goes lol.

I've been building a portfolio of dividend stocks for about 3 years now. I hardly do any financial research and buy purely off technical analysis. I've only been burned once with HBI when they slashed their dividend yield to 0, the stock tanked and never recovered so I ate the loss. To be clear the account is in the green, I don't want to give the idea I'm bag holding everything! I didn't know where to start so I started watching the dogs of the dow. When one of them would sell off I would throw money in it. Then I started branching out looking for other companies in different sectors. Someone gave me the tip of buying stock in stuff I use regularly or purchase their products. Made sense to me. Something about investing money into a company I use all the time makes it stress free for me. So long as the dividend payment keeps coming I don't care what direction the stock goes. It's actually a great opportunity when it sells so you can buy more and grow your dividend payment.

If you're concerned about taxes and you're in it for the long run you can open Roth IRA and grow your account tax free. But you're limited on how much money you can deposit every year.

Right now I think the market is due for a pull back. Your timing is probably pretty good to be sitting on the sideline mostly in cash and waiting. Use this time to build your watch list and plot your ideal buy zones based off previous support. Of course it can't hurt to dive in and research some companies.

Yeah just going off most of the chart trends I would think we're headed towards a recession / bear market, but as of right now it also isn't a good time to be a bear lol so imo you're better off taking advantage of the markets being bullish(I think), not sure if it has something to do with it being election year or what. I'm enjoying observing the movements I think my best bet for now is to hold mostly cash and invest in long term stocks and when the market does start to become bearish I can try and ride that wave as long as it last, as of right now I have no idea what's going on as far as where we're at vs where we're headed and no idea on what to do aside from maybe long calls on semiconductor/tech companies lol, I have a meeting with a financial this week and I got enough cash to invest to at least get a decent looking portfolio started for myself, currently I'm sitting on 90% cash (80ish% in savings acct / 10% in checkings / 10% in shoe box lol) 5% gold eagles 5% silver dollars which is better than nothing but I know I could probably diversify more and end up making more if done correctly, also good to see you old friend I remember trading with you a few times like 6+yrs ago I can't view my friends list anymore but iirc I think you're on it xD

Good looking calls for when market opens

NVDA 3/8 850 call

BBAI 3/8 call

INT could be a yolo play but I wouldn't put my money there.

I'm gonna throw these trades in the simulator and see where I land, I'm fairly confident in this one nvda to 850 considering they have 2 conferences this week

nvda in the PM def has some buyers stepping in

This post was edited by ChocolateCoveredGummyBears on Mar 4 2024 06:24am

SMCI lool

Tesla sell off today seems a bit overblown