I have invested $40 a week in M1 Finance for 6 months and so far the returns have been small and the yield is low, especially when compared to the rest of my investments.
Last month:
0.13% of my passive income was from dividends.
My M1 portfolio total return is 0.91%.
So why would I would I ramp up?
I'm not smart enough to know when to buy and sell stocks and get rich quickly. Instead I invest in dividend stocks slowly, this first round I invested around $1,200 of my hard earned money. The main goal was to investigate potential companies for investment as well as several ETF hedges and start investing at a small volume. I have a bunch of companies that I'm comfortable with in varying time frames with mostly being 30 year time horizons, mostly. Here's a link to my portfolio please let me know if there is something you think I should sell, especially before it goes down! In the chart I have my return vs purchase of "SPY" on the same days, you can really see the volatility in the market as a whole vs a mostly dividend portfolio with bonds. Right now a deposit of $40 is only an increase of ~3% where as a deposit of $50 is an increase of ~4%. My plan is to try to maintain a strong growth rate from deposits for as long as I can afford, then leveling off at a rate that can also be maintained over a long sustained period of time. I expect next increase to be sometime between 2-6 months from now. Also if we enter correction territory I will double my deposits for the term of the correction. If we enter recession territory I will double my deposits again for the term of the recession. This will allow me to cost average my bacis down during bad market conditions.
Here is a quick video where I make the change.
Last month:
0.13% of my passive income was from dividends.
My M1 portfolio total return is 0.91%.
So why would I would I ramp up?
I'm not smart enough to know when to buy and sell stocks and get rich quickly. Instead I invest in dividend stocks slowly, this first round I invested around $1,200 of my hard earned money. The main goal was to investigate potential companies for investment as well as several ETF hedges and start investing at a small volume. I have a bunch of companies that I'm comfortable with in varying time frames with mostly being 30 year time horizons, mostly. Here's a link to my portfolio please let me know if there is something you think I should sell, especially before it goes down! In the chart I have my return vs purchase of "SPY" on the same days, you can really see the volatility in the market as a whole vs a mostly dividend portfolio with bonds. Right now a deposit of $40 is only an increase of ~3% where as a deposit of $50 is an increase of ~4%. My plan is to try to maintain a strong growth rate from deposits for as long as I can afford, then leveling off at a rate that can also be maintained over a long sustained period of time. I expect next increase to be sometime between 2-6 months from now. Also if we enter correction territory I will double my deposits for the term of the correction. If we enter recession territory I will double my deposits again for the term of the recession. This will allow me to cost average my bacis down during bad market conditions.
Here is a quick video where I make the change.
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