How Far Off Are You From Living Off Your Dividend Income?

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How far off are you from living off your dividends? I get that question a lot. You know, luckily and very thankfully my wife and I both have really good incomes. So we do end up saving about 40 to 45% of our combined income to invest with. My first goal is to be at a point where my wife can retire from her day job in about nine years.

This week we are joined by Jeremy Shirey from www.Dividendstockpile.com

In the News of the Week, we discuss how the shareholders of Philips (NYSE: PHG) sent a clear message that they are unhappy with the board. EDGI discusses the recent price drop around castellum (CAST.STO) and Jeremy discusses inflation and the debt ceiling in the US

We also discuss with Jeremy how he started in Dividend growth investing over 10 years ago. How close he and his wife are from retirement and living off dividend income. How he has evolved as an investor over the last 10 years and what forms the foundation of his strategy.

Jeremy also talks us through what a CEF is, how it differs from ETFs, and why he invests in both as well as individual stocks. We take a look at Jeremy's top 10 positions and how he designs his portfolio which is similar to EDGI tier style.

Lastly, we look at some of the lessons Jeremy learned over the years which includes our famous “You can’t borrow conviction” saying.

We answer some questions thanks to the community before Jeremy leaves us with his stock pick of the week. You don't want to miss this as it has a 5% starting yield and a 15% growth rate.

Links mentioned in the show

https://dividendstockpile.com/intro-to-investing-in-closed-end-funds-cefs

Yahoo Finance - Stock Market Live, Quotes, Business & Finance News

https://seekingalpha.me/DividendTalkPodcast

FINVIZ.com - Stock Screener

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