How To Build A Monster Dividend Portfolio | Ep. 325

In this Episode I summarize my best advice from 6 years of dividend investing. We also discuss Meta building a Twitter clone, Zuck responding to the Vision Pro, and a house hacking tip from TikTok.

00:00 Building a Dividend Snowball
08:30 Where Dividend Investors Fail
26:37 Meta Competes with Twitter
29:90 Mark Zuckerberg Responds to Vision Pro Headset
39:50 TikTok House Hacking Reaction

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About Joseph Carlson:

I am not a professional investor and have never claimed to be. I'm an amateur investor sharing my experience of what I've learned, where I have had success, and where I've had failures. I share my thoughts on investing and performance with transparency. My approach and goal to investing is to buy high-quality long-term investments in world-class businesses that I call "compounders". I view my investments as businesses, not as stocks. Before creating content on YouTube full time I worked as a senior-level programmer for 8 years. Over the years as a programmer, I compounded my knowledge of development. I take the same iterative learning approach to my study of investing. I study investing as a craft in the continual pursuit of being better. I will make mistakes in investment decisions from time to time. Results are not guaranteed. Please do not blindly follow me into any investments, and make sure your portfolio and investments are built around your specific income, risk tolerance, personality, and timeline, and overall circumstances.

[JosephCarlsonShow]

I hope you all have an amazing start to your weekend! Watch this video to the end for some laughs.

If you want to hang out this weekend on Discord and shoot the breeze discussing some stocks on Qualtrim.com, check out the Patreon. It's $10/month, cancel any time, risk-free, with a free trial of now till the end of the month. I take the Costco strategy of making sure you love it enough that you want to stick around.

[FernandoBowen-]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[robertsquared]

If you see anyone commenting on their financial advisor or glad they got into crypto it’s a scam keep scrolling..

[Norrieey]

Save a particular amount for investing if you want to receive dividends, personally I have my interests set on key sectors based on performance and projected growth and that's where i put all my money. I actually made my first million from my portfolio ranging from the EV sector, renewable energy, Tech and Health alongside coins, and gold. I'm also working on an investment plan that includes going aggressive on NVDA and SCHD and a few more that i can't mention because my FA Dianne Sarah Olson values discretion. It's been a year and half of steady growth...i have no doubt investing more.

[utopiajj]

Finally some straight talk with no bs smoke n mirrors thank you

[richg]

Great tip. I invest in company's that raise their dividend each year, i'll definitely check that number against inflation.

[learningtogrowinChrist]

Thanks for explaining capital appreciation and dividend growth. I've paid attention to it, but something clicked a bit more than before!

[RealtoBR]

Congrats Joseph on your fist 1Million view video. VERY WELL deserved and i would say a long time coming!!! Keep up the amazing work and the transparency. Its crazy ive seen you grow from your first/second episode and when you were just getting a few thousand viewers to now.

[Zeb_Fields]

This is a Great video. I have a small dividend investing YouTube channel investing for financial freedom and this video really makes rethink 1 or 2 of my investments, even though I did my individual stock research and have mostly dividend aristocrats and dividend kings. I have 25 positions and 2 of them are T and VZ and you really put them into perspective for me here. I may consider replacing one or both of them with CAKE, TXRH, MA! thanks for the Straightforward Info Joseph!

[theWebWizrd]

I think a reason why you could get criticised for buying such low dividend companies is because in my opinion the strategy you are outlining isn't a 'dividend investor' strategy. You are not investing for the dividends at all - in fact, as I see it, you could as well buy into companies that do not pay any dividends whatsoever. Your gain and what you look for, as you point out in the video, comes from the growth of the underlying business, not from the businesses distribution of wealth to its shareholders.

In other words, this strategy should perhaps be better described as a 'fundamentals driven large cap growth' - strategy. You invest in established large cap companies that you deem to have low risk and good potential for growth in the future based on business fundamentals.

When I think what a meanful description of a 'dividend investor' would be, it would have to be someone who is investing with the main purpose being to grow their portfolio through the distribution of wealth from their ownership shares. For example, a company that has reached its natural marked limit and only grows with GDP whilst paying out its excess cash flows every year to its owners, or a company that for other reasons do not focus mainly on reinvesting its earnings. And I think you are very right in your criticism that this kind of investing quickly can turn into investing in companies that not only have a saturated marked but indeed is stagnating and might contract.

[ROBSwank-pmvd]

One of the best and most concise and results oriented strategies ....with Excellent advice based on hard fought experience !! Keep up the great work !! Thank you 😎

[wojjiit]

I've watched all of your videos Joseph, this is the best one! You have an excellent financial acumen, great work!

[av]

Thank you for explaining Dividend investing so well. Lots of useful information.

Qualtrim looks great, especially helping to simplify the data. Is it also a stock scanner? Or just a portfolio tracker?

[QUENA-vwyi]

This was so incredible to watch! I love the way you guys talk about money as a family and I aspire to be that kind of parent in the future! My sister recommended your account in 2020 and I’ve been following since… It literally changed my life because it gave me the financial literacy I needed to start investing. Thank you and way to go girls 🎉 what they’ve accomplished is amazing.

[archimedes]

Congratulations 5 yrs and almost 500k. Nice job 👍🏻

[trung_van]

I withdrew from my dividend portfolio to get a YouTube setup but I'm starting again! Thanks for all the tips!!

[alsbro]

Joseph can you show us your IRA investments? Im 23 and started a Roth IRA a few months ago and am in SCHD, VXUS, and VTI. Im curious to see your IRA investment strategy.

[donkeybizle]

Joseph, can you make an introductory video on the tool you are using for the charts in this video? This is so visually consistent to how you explain these concepts. I would like to use it for my dividend journey as well. Your knowledge is amazing 🙌

[fvkevvz]

Canadian banks have been a great tool - as they have been paying dividends collectively for about 200 years - with no dividend cuts - I also like Canadian insurance companies…. - CIBC has increased their dividend by 5% per year, over the last 5yrs
Joseph - I find your advice - priceless $$ - thank you 😊

[JMerc]

Important question I really hope I can get a quick answer to!! What about SCHD? Do you invest in ETFs that have bundles of stocks in order to diversify just a little bit more?? Do you feel the returns are simply better investing in these companies directly??