I'm really appreciating the articles here, TJ! ❤️ In the past I was focused on the dividend and its sustainability more so than its growth rate itself. Perhaps this is because I was building out my "income" portfolio in 2022 with beaten down REITs and BDCs. The dividend yields on those businesses was extremely high and very sustainable. My yield on cost across that portfolio is >9%. This high yield makes it kind of hard to sell out and rotate into a dividend grower. I totally feel the emotional tug.
My budget is all tapped out and planned out for the rest of the year and I am unable to join your community at the moment. I'm looking forward to see how 2025 opens up, especially after my Thanksgiving and Christmas expenditures. 👍
A dividend portfolio doesn't have to be all dividend growers or higher yielding stocks. It can be a mix of both! I'd imagine you'll continue to see some growth from the REITs and BDCs. It would take a long time or a very high dividend growth rate for a stock yielding 2% today to catch up to those kinds of yields! We take advantage of whatever Mr. Market decides is on sale at the time we're investing.
Love the spending discipline and budgeting. Having good control over your finances is the first step to building wealth that you can invest and compound 🙂
I'm really appreciating the articles here, TJ! ❤️ In the past I was focused on the dividend and its sustainability more so than its growth rate itself. Perhaps this is because I was building out my "income" portfolio in 2022 with beaten down REITs and BDCs. The dividend yields on those businesses was extremely high and very sustainable. My yield on cost across that portfolio is >9%. This high yield makes it kind of hard to sell out and rotate into a dividend grower. I totally feel the emotional tug.
My budget is all tapped out and planned out for the rest of the year and I am unable to join your community at the moment. I'm looking forward to see how 2025 opens up, especially after my Thanksgiving and Christmas expenditures. 👍
We appreciate the thoughtful comments Boris!
A dividend portfolio doesn't have to be all dividend growers or higher yielding stocks. It can be a mix of both! I'd imagine you'll continue to see some growth from the REITs and BDCs. It would take a long time or a very high dividend growth rate for a stock yielding 2% today to catch up to those kinds of yields! We take advantage of whatever Mr. Market decides is on sale at the time we're investing.
Love the spending discipline and budgeting. Having good control over your finances is the first step to building wealth that you can invest and compound 🙂
Hey! I stared substack 24 days ago and I’m at 385 subs, if you want to recommend each other to help both grow, let me know!