My Dividend Strategy: Retire From Dividends ASAP [Video]

Are you interested in living off dividend checks? As a dividend investor in his 40s, I’m excited to share 3 key pillars of my strategy that I have developed over the years. I wish I had a mentor when I was younger that told me many of these things. (I had to learn a lot of these lessons the hard way.)
#dividend #stock #investing

Timestamps:
0:00 INTRODUCTION
0:18 Are you looking to have dividend checks roll in passively so you don’t have to work a job anymore?
0:36 SEGMENT 1: THE TIME TO RETIRE FROM DIVIDENDS IS AS SOON AS POSSIBLE
1:28 REALIZATION: It does not get easier. It gets worse. Younger generations: Time is of the essence. Don’t delay dividend stock investing.
2:40 When you’re young, you can put up with it all.
3:00 When you are older, the clock seems to move faster. You don’t really have as many hours.
3:22 I wish someone had told me all of this! I spent way too much money when I was younger.
4:05 When you’re older, you can’t put up with it anymore.
4:19 SOLUTIONS FOR YOUNGER DIVIDEND INVESTORS
4:30 Don’t waste any time or money when you are young.
4:47 Time is a really valuable resource.
5:00 Keep fighting, it’s a journey.
5:08 SOLUTIONS FOR OLDER DIVIDEND INVESTORS
5:15 Partial FIRE (Financial Independence Retire Early)
5:56 Geo Arbitrage is a game-changer
6:11 My new Idaho Discovery Series from Starbucks Idaho.
6:19 Moving to Idaho is one of the best decisions my family has ever made.
7:09 Consider downsizing
7:24 THINK LIKE A PORTFOLIO MANAGER (Sell lower-yielding stocks for higher yielding stocks)
8:03 Campbell’s Soup (CPB) 3.3% yield with no dividend growth (reallocate to Chevron with 4.0% yield and 6.5% dividend growth)
9:17 I have too much exposure to CPG Food with our changing government
10:00 Leverage Retirement Accounts: Stop gap measure
12:14 SEGMENT 2: REALIZE YOU CANNOT PREDICT THE FUTURE (DIVERSIFY)
12:33 The stock market will surprise you.
13:16 Example: Hawaiian Electric (HE)
13:50 FIRST AND FOREMOST: My heart goes out to anyone affect in Maui by the wildfires
15:37 Diversification is so key.
16:07 My Two Options With Hawaiian Electric (HE) Stock
17:00 My gut is telling me to probably sell and reallocate into SCHD.
17:17 Get the capital to work!
18:46 SEGMENT 3: BUY QUALITY WHEN OTHERS ARE RUNNING AWAY (CONTRARIAN INVESTING)
19:35 I like to do what others are not doing.
19:54 I’m a contrarian investor.
21:00 Example: Pfizer (PFE) One of the most hated stocks right now
21:40 RFK Jr. is sharing memes against Big Pharma on X.
22:20 It’s trading at a PE of 8.88
22:36 Dividend is 6.46% (meaningful to me)
22:49 I’m buying but not over-allocating
24:06 I always survey my portfolio for stocks that are on-sale.
25:25 DISCLOSURE AND DISCLAIMER

DISCLOSURE: I am long Starbucks (SBUX), Pfizer (PFE), Campbells Soup Company (CPB), Hawaiian Electric (HE), AbbVie (ABBV), and SCHD. I own these stocks (and ETF) in my personal dividend stock portfolio.

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Because the information herein is based on my personal opinion and experience, it should not be considered professional financial investment advice or tax advice. The ideas and strategies that I provide should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. My thoughts and opinions may also change from time to time as I acquire more knowledge. These are, as discussed above, solely my thoughts and opinions. I reserve the right to delete any comments for any reason (abusive in nature, contain profanity, etc.). Your continued reading/use of my YouTube Channel, blog, email newsletters, whitepapers, Excel files, and other materials constitutes your agreement with and acceptance of this disclaimer.

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