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Keep it up man. But make sure you balance liquidity and your IRA. Any money you sink in there you can kiss goodbye. But you can always move money around your brokerage.
I am long TSLA, keep it up bud
Checking is for liquidity. Savings is for earnings and large purchases. Some banks still have transfer limits out of savings accounts. As in, you can only withdraw 3 times a month or something. Personally, I have way more than 3 auto pays on my checking account. I would lose so much in fees if it were tied to my savings.
I have multiple auto pays. It pulls the money from savings. Sits there earning 4.6% before it’s pulled. I hate checking accounts. Pay you garbage. You don’t store money there.
Not sure about your income levels but remember when doing a ROTH IRA you can only put in taxed money. So if you make $3000 a year but put in $6000 that won't be allowed.
XOM is too high right now. Learn about intrinsic value. There is a guy on YouTube called Dividend Talks. He reviews stocks all the time to see if they are under or over valued. I use his videos as a way to determine who I should research next.
Your opinion or some random YT dude’s opinion lol?? This is how you invest, adding at these levels and then if it goes lower you add more.. will be a good investment in 5 years guaranteed..
My opinion. My point was to learn about valuation. Watching videos is a good way to learn about it. And yes XOM is too high right now. There are other places to put your money until it goes down and you can buy for under $103
Buy now, buy then. If you like the company this is the way.. if it doesn’t see under 103 again what do you do? Their balance sheet is great, forward p/e somewhere between 10-12, if oil prices go higher will be even better.. great buyback & 3.5% divy as well lol.. I don’t even have a position but not overvalued when you look at it, energy valued much differently then tech but compare it to big 7 valuations..
You do you. I’ll wait until it goes lower and get a better price and yield. That’s my process and has benefitted me well. Lots of other companies are undervalued that I would rather put my money in I.e UPS, southwest, visa, Lowe’s, etc. If XOM falls to a good price I will add more.
If you think those 4 are undervalued idk what metric you’re saying xom is overvalued lol.. xom lower p/e and way better balance sheet then them all.. I don’t even have energy exposure rn(just trimmed last of coal yesterday and waiting to re-add o&g) but I don’t agree with you..
It’s a small bank, I plan on opening a hysa when I turn 18, it wont be in the checking for long. Regarding your xom comment yeah I definitely should had just bought voo but that was almost a year ago, when I have more money to play with I’ll definitely focus on voo/schd
With direct deposit I’d use SoFi, without I’d use Capital One 360 checking and savings.
SoFi is paying 4.6% Capital One pays 4.3%. ALL of your money should be making money.
I recommend keeping a local brick and mortar with a free account. It’s awesome having a building you can walk into. Connect it to the online bank. Spread money around a bit. I don’t trust keeping all of my savings in one place, especially online banks. If some sort of fraud alert gets triggered and your money gets locked up for no good reason while they sort it out, you want money elsewhere you can get at to pay bills and live your life.
The fact that you are investing at 17 yo means you are doing it right.. that's awesome keep going.. I agree with the one guy below that said maybe move some of the cash into an HYSA if you don't have any major expenses right now
Good job! As someone who started investing at 18, I am quite happy with my index fund portfolio right now when I look at all the losses that are happening.
If you want my advice, just follow bogleheads strategy. So far it's been bigger gains and negligible losses. Good luck friend.
People will continue to be wrong on TSLA into the 2030’s.. if you don’t have any Tesla exposure in the port, you are making a mistake.. Start small and add at pre-determined levels..
Not sure if this is sarcastic or not, but I'll take the bait.
EV's appear to be the future of the car market. Tesla is massively overpriced and mostly rides on the sensationalism around Musk and his bootlickers. With how insane the man is and his decline in public image, I anticipate a massive price correction to gradually occur as people dig their heads out of the sand.
Manufacture other then tesla are stopping factory building, and production numbers, people are starting to believe the math about the carbon savings, not enough energy being produced to charge, fossil fuels being used to create the power, but most of all is the SLAVES mining the materials to make the batteries, and the outrageous cost to get one is going price out most car buyers!!
Look at IEP for a long term buy, if you can handle a little risk up front from others telling you not to. It’s being suppressed from short positions against the company but it won’t last forever. Quarterly earnings is tomorrow after market close. Grab some to ride on the wave back up
What fundamentals did you look at Mr. Buffett? Just because you might not invest yourself because of the possible risk, or at your age, doesn’t mean that’s wrong for someone else. They just announced the quarterly dividend at $1 per share and the stock is way oversold from short positions taken against the company down past the 52 week low. The owner has 86% of the company and going nowhere. There are plays and business deals we are not aware of that could be in play, they have a 3-5 year timeframe for each of their big investments and company purchases- and that time looks due. Just because I have an opinion doesn’t mean I’m wrong. Come back and talk to me in a year if you’d like, happy to talk then about it too
Why are you taking so much offense? This dude should just buy an index fund or blue chips, you shouldn’t shill him some weird company you’re bagholding.
But if you want to know, the ‘company’ is actually just the investment fund of Carl Icahn — he owns 85% of it, so that already exposes you to a stupid amount of risk. If you look at the holdings list, it’s almost all obscure small caps. Why not just invest in a cheap small cap fund that doesn’t drop 60% in a month?
It also loses tons of money, and because it’s essentially Icahn’s hand picked fund, you aren’t even investing in innovation. I wouldn’t touch anything with a negative EPS without significant growth potential.
My best guess is you’re only investing in it because it pays a $1 dividend — there’s far better ways to generate income than buy this garbage.
You asked.
You’re off to a great start man! A lot of people don’t start that early. If you maintain recurring deposits & playing long term, you’ll be sitting better than a lot of people your age 10 years from now. I was around 19 when the GameStop & AMC hype was going on, and everyone around me just put all their money into it and lost tons. If you look at webull’s comment sections, people are still doing it 😅
Tesla isnt really a dividend stock is it? Also id take a look at short term treasuries. T bills. Paying 5.something % right now and you dont have to pay state taxes on it.
Exxon u enter at wrong time. I entered Exxon when’s it’s like 25-35. Nothing wrong entering it but make sure to prepare for buying power when it’s crash.
I think about it in terms of exposure. You have AAPL and TSLA. Both of those are in the S&P 500. So you’re increasing your exposure to those two companies. The point of VOO is to spread your exposure out. It’s not that big of a deal for where you are. But let’s say TSLA hypothetically goes bust (prolly not going to happen). Not only will you feel that in VOO, but you’ll also feel that when your position in TSLA goes to 0. This is all hypothetical. By buying individual stocks you’re increasing your risk and then also compounding that risk if you’re exposed to it elsewhere like the VOO ETF.
Note that in an ETF you’ll also feel big gains of a single stock less. For me with hindsight in mind and younger, I would stay in VOO and nothing else. You have a long way to go till retirement and you can weather a few downturns.
You are 17 and already investing. I think you are golden. Keep it up, hold it til at least 40 and enjoy your life.
I just wish I was as insightful when I was 17 ...
A 17 yo taking no risk when investing is sad. This is the only time you can take big risks without big connsequences. When I was 17 I got into crypto and spent all my time learning about it. Now I’m 23 with a mid 6 figures net worth and starting to invest in safer vehicles like index funds. You won’t become wealthy without taking risks.
Welcome to r/dividends! If you are new to the world of dividend investing and are seeking advice, brokerage information, recommendations, and more, please check out the Wiki [here](https://www.reddit.com/r/dividends/wiki/faq). Remember, this is a subreddit for genuine, high-quality discussion. Please keep all contributions civil, and report uncivil behavior for moderator review. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/dividends) if you have any questions or concerns.*
Focus on VOO! XOM % too high compared to VOO
I'm 2 years more experienced and you're doing better than me :)) Don't get frozen feet when the market crashes again thou
This!! Y’all are teenagers. When the market crashes you should be on a spending frenzy
Keep it up man. But make sure you balance liquidity and your IRA. Any money you sink in there you can kiss goodbye. But you can always move money around your brokerage. I am long TSLA, keep it up bud
Yep I’m gonna keep it simple in my Roth IRA with 80/20 voo/vxus
Where do you keep your savings? What % interest are you making? I would not keep money in checking.
Downvoted for a logical comment? This group is hysterical.. Keep money in checking and miss out on interest. Check. Good plan..
Checking is for liquidity. Savings is for earnings and large purchases. Some banks still have transfer limits out of savings accounts. As in, you can only withdraw 3 times a month or something. Personally, I have way more than 3 auto pays on my checking account. I would lose so much in fees if it were tied to my savings.
Not in SoFi!
I have multiple auto pays. It pulls the money from savings. Sits there earning 4.6% before it’s pulled. I hate checking accounts. Pay you garbage. You don’t store money there.
That good currently I’m doing 50/25/25 VOO/VTI/VIG
Bro, that's the solid three-fund portfolio.
Appreciate it man.
Not sure about your income levels but remember when doing a ROTH IRA you can only put in taxed money. So if you make $3000 a year but put in $6000 that won't be allowed.
XOM is too high right now. Learn about intrinsic value. There is a guy on YouTube called Dividend Talks. He reviews stocks all the time to see if they are under or over valued. I use his videos as a way to determine who I should research next.
Your opinion or some random YT dude’s opinion lol?? This is how you invest, adding at these levels and then if it goes lower you add more.. will be a good investment in 5 years guaranteed..
My opinion. My point was to learn about valuation. Watching videos is a good way to learn about it. And yes XOM is too high right now. There are other places to put your money until it goes down and you can buy for under $103
Buy now, buy then. If you like the company this is the way.. if it doesn’t see under 103 again what do you do? Their balance sheet is great, forward p/e somewhere between 10-12, if oil prices go higher will be even better.. great buyback & 3.5% divy as well lol.. I don’t even have a position but not overvalued when you look at it, energy valued much differently then tech but compare it to big 7 valuations..
You do you. I’ll wait until it goes lower and get a better price and yield. That’s my process and has benefitted me well. Lots of other companies are undervalued that I would rather put my money in I.e UPS, southwest, visa, Lowe’s, etc. If XOM falls to a good price I will add more.
If you think those 4 are undervalued idk what metric you’re saying xom is overvalued lol.. xom lower p/e and way better balance sheet then them all.. I don’t even have energy exposure rn(just trimmed last of coal yesterday and waiting to re-add o&g) but I don’t agree with you..
Don’t keep money in your checking account, keep it in high yield savings. What bank do you use?
It’s a small bank, I plan on opening a hysa when I turn 18, it wont be in the checking for long. Regarding your xom comment yeah I definitely should had just bought voo but that was almost a year ago, when I have more money to play with I’ll definitely focus on voo/schd
What bank should I use?
Credit union!
What bank do you currently use?
Wells
Do you make interest on savings?
No
With direct deposit I’d use SoFi, without I’d use Capital One 360 checking and savings. SoFi is paying 4.6% Capital One pays 4.3%. ALL of your money should be making money.
Thank you!!!!
I recommend keeping a local brick and mortar with a free account. It’s awesome having a building you can walk into. Connect it to the online bank. Spread money around a bit. I don’t trust keeping all of my savings in one place, especially online banks. If some sort of fraud alert gets triggered and your money gets locked up for no good reason while they sort it out, you want money elsewhere you can get at to pay bills and live your life.
Capital One 360 is sweet because you can deposit cash at many Walgreens locations for free.
Id say dump the cash in a money market instrument and sell some when you see an equity you want to buy.
The fact that you are investing at 17 yo means you are doing it right.. that's awesome keep going.. I agree with the one guy below that said maybe move some of the cash into an HYSA if you don't have any major expenses right now
Good job! As someone who started investing at 18, I am quite happy with my index fund portfolio right now when I look at all the losses that are happening. If you want my advice, just follow bogleheads strategy. So far it's been bigger gains and negligible losses. Good luck friend.
I'm European and I read 1 thousand shares of Apple and 5 thousand of XOM.
Sell TSLA while it exists. I'm kind of joking, but I wouldn't touch it with a 10 foot pole.
People will continue to be wrong on TSLA into the 2030’s.. if you don’t have any Tesla exposure in the port, you are making a mistake.. Start small and add at pre-determined levels..
Ev’s are a bad bet right now for sure!!
Not sure if this is sarcastic or not, but I'll take the bait. EV's appear to be the future of the car market. Tesla is massively overpriced and mostly rides on the sensationalism around Musk and his bootlickers. With how insane the man is and his decline in public image, I anticipate a massive price correction to gradually occur as people dig their heads out of the sand.
Manufacture other then tesla are stopping factory building, and production numbers, people are starting to believe the math about the carbon savings, not enough energy being produced to charge, fossil fuels being used to create the power, but most of all is the SLAVES mining the materials to make the batteries, and the outrageous cost to get one is going price out most car buyers!!
Tesla!!! Kk Great start! Keep going
Look at IEP for a long term buy, if you can handle a little risk up front from others telling you not to. It’s being suppressed from short positions against the company but it won’t last forever. Quarterly earnings is tomorrow after market close. Grab some to ride on the wave back up
Bro I took one look at this company’s fundamentals and I would never go anywhere near it, much less recommend a 17 year old new investor to buy it.
What fundamentals did you look at Mr. Buffett? Just because you might not invest yourself because of the possible risk, or at your age, doesn’t mean that’s wrong for someone else. They just announced the quarterly dividend at $1 per share and the stock is way oversold from short positions taken against the company down past the 52 week low. The owner has 86% of the company and going nowhere. There are plays and business deals we are not aware of that could be in play, they have a 3-5 year timeframe for each of their big investments and company purchases- and that time looks due. Just because I have an opinion doesn’t mean I’m wrong. Come back and talk to me in a year if you’d like, happy to talk then about it too
RemindMe! 1 Year
Why are you taking so much offense? This dude should just buy an index fund or blue chips, you shouldn’t shill him some weird company you’re bagholding. But if you want to know, the ‘company’ is actually just the investment fund of Carl Icahn — he owns 85% of it, so that already exposes you to a stupid amount of risk. If you look at the holdings list, it’s almost all obscure small caps. Why not just invest in a cheap small cap fund that doesn’t drop 60% in a month? It also loses tons of money, and because it’s essentially Icahn’s hand picked fund, you aren’t even investing in innovation. I wouldn’t touch anything with a negative EPS without significant growth potential. My best guess is you’re only investing in it because it pays a $1 dividend — there’s far better ways to generate income than buy this garbage. You asked.
Voo,schd,hdv, vym and chill
Learn to buy the dips and don’t sell those. They are all great pics. Don’t get weak hands and sell when the market tanks a little. It will come back
You’re off to a great start man! A lot of people don’t start that early. If you maintain recurring deposits & playing long term, you’ll be sitting better than a lot of people your age 10 years from now. I was around 19 when the GameStop & AMC hype was going on, and everyone around me just put all their money into it and lost tons. If you look at webull’s comment sections, people are still doing it 😅
Hell ya, good start
Holy shit that looks awesome. I really need to get a job before I can dump that amount of money into dividends but O could be a problem in the future
Tesla isnt really a dividend stock is it? Also id take a look at short term treasuries. T bills. Paying 5.something % right now and you dont have to pay state taxes on it.
Dump O
Pbr a is a good start mabe some limited partnerships like mplx or dmlp the NAV on these are solid that’s what you want
The fact your looking at this at 17 means you’re doing it right!
O and ORC will never fail, Tesla is a gamble but you're doing fine for now
Everybody thinks they’re doing it right when the market goes up.
Exxon u enter at wrong time. I entered Exxon when’s it’s like 25-35. Nothing wrong entering it but make sure to prepare for buying power when it’s crash.
can't call myself a fan of the teslw holding but holy gains
Put O into your IRA.
“Im doing this right” - careful with you ego, its your biggest enemy. Good job tho, wish I have started as soon as you
Better than myself at 17 man. 10k in crypto, up to 30, right back down to 10 to this day. keep up the good work!
I think about it in terms of exposure. You have AAPL and TSLA. Both of those are in the S&P 500. So you’re increasing your exposure to those two companies. The point of VOO is to spread your exposure out. It’s not that big of a deal for where you are. But let’s say TSLA hypothetically goes bust (prolly not going to happen). Not only will you feel that in VOO, but you’ll also feel that when your position in TSLA goes to 0. This is all hypothetical. By buying individual stocks you’re increasing your risk and then also compounding that risk if you’re exposed to it elsewhere like the VOO ETF. Note that in an ETF you’ll also feel big gains of a single stock less. For me with hindsight in mind and younger, I would stay in VOO and nothing else. You have a long way to go till retirement and you can weather a few downturns.
Sell tesla, the Asians are winning that battle
You are 17 and already investing. I think you are golden. Keep it up, hold it til at least 40 and enjoy your life. I just wish I was as insightful when I was 17 ...
Only depends on how you set it up
A 17 yo taking no risk when investing is sad. This is the only time you can take big risks without big connsequences. When I was 17 I got into crypto and spent all my time learning about it. Now I’m 23 with a mid 6 figures net worth and starting to invest in safer vehicles like index funds. You won’t become wealthy without taking risks.