3 ms·
I agree that you're better off with stocks. I know the first thing about running a website, condo, and vending machine, and it's that it's work. I'm not looking
by dehrmann 6y ago
I agree that you're better off with stocks. I know the first thing about running a website, condo, and vending machine, and it's that it's work. I'm not looking for a part-time job.
I disagree about looking for stocks that pay a decent dividend. They're overpriced because boomers are all over that (which actually means the yields aren't great), and dividends are taxed as regular income (32% for our $200k doctors), not 20% like long-term capital gains. Dividends also more or less come out of the stock price (tends to be a bit less), so the draw do dividends is that the feel better than selling shares.
The main takeaway from the article was just "live within your means and invest what's left."
- bruxis 6y agoI generally agree on not choosing dividend stocks (a solid ETF can include a reasonable dividend payout, which feels more like a bonus), but just a note that the tax rate on qualified dividends is the same as long term capital gains (0%, 15%, 20%). Not all dividends can be qualified (payouts from REITs for example are a common exception), but most typical blue chip stocks that pay dividends will become qualified after holding the underlying asset for enough time.