Dividend Starter Portfolios, Investing Late in Life, Questions and Answers | Joseph Carlson Ep. 25

In this episode, I give a quick portfolio update. I talk about different portfolios for people with different personalities and different amounts of money. I made one starter portfolio for people that want to pick individual stocks and one for people who would rather not pick individual stocks. I answer viewers questions and talk about starting investing later in life. And I give my opinion on the ending of game of thrones and how I personally would have wrote the ending.

Thanks for all the support. Be sure to follow me on twitter and subscribe if you haven't done so already. Its free and allows me to keep creating content!

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DISCLAIMER:
Always do your own research when investing. The expressed opinions in this video are my own opinions and expressed purely for entertainment. I'm not a professional and this video should not be considered legal or financial advice

[JosephCarlsonShow]

I had some free time to ramble into the mic again. This episode does have some stuff that is specific to M1 users. You are more than welcome to watch the full episode, but for your convenience I time stamped some of the different parts if you want to skip to a specific point.

3:40 How to have a pie within your main pie
4:20 My starter Dividend ETF portfolio, why you should consider an ETF portfolio over individual stocks
12:18 An example of me putting a pie inside a pie
17:50 Answering viewers questions
29:05 I give my opinion on the Game of Thrones ending, and how I would have wrote it

[parabolamadness]

Joseph the wise, father of stocks, destroyer of debt, master of dividends. House Carlson $

[eban]

Hey i'm 16 just started dividend investing cause of you.

Just wanted to thank you for helping me start out.

[ResourceTalks]

*Dang it, dividend investing and GOT? I subscribed faster than Jaime leaving Brienne.*

[randominternetuser]

Just found your channel, it's a hidden gem in the vast ocean of content that is youtube. You're subscriber count is relatively small but your content is consistent and you seem genuine. I wish there were more channels like yourself, keep it up!

Also I loved your ending to GOT. It was much better than the actual episode, although thats not saying much with the ending we got.

[RemoteTactical]

One of, if not, the best videos on understanding HOW to start and where!

[daphneliu]

For the "too late to start" concern, the main emotional bias is that we should either executing it perfectly or it is not worth it at all. The truth is, for most people, dividend investing is almost always better than the alternatives no matter at what stage of life we are at, and just for that, it is always worth it.

[josephsayers]

Hi Joseph, as these dividends get to a bigger amount, I'm wondering about taxes. At what point does dividends start affecting your ability to pay taxes? And how would you handle that? Sell appreciated stocks to pay taxes? Stop re-investing dividends for a month or two and funnel that into your bank account to pay the taxes? Keep a cash reserve throughout the year to cover them? Also, any ideas on how to avoid dividends pushing you over to a higher tax bracket in that situation? Keep up the great content! Thanks!

[kblmnop]

Joseph love your channel and love that your growing, you deserve it. Please please please don’t ever do what some of the other financial channels are doing for clicks. Don’t do best side hustles, how to earn $100 a day. Stay true!

[michaelfisher]

I am 63 and i just got started and I'm not afraid. I stop working at 62 I am using my ssn check to fun my stocks, I started AUG 7, 2019. I am now up to $13000 in M1, $10, 000 in Robinhood, $1, 000 in STASH. Its never too late to do anything.

[camilistico]

Hi Joseph, I love your content and is kind of cool that I found it, I was maybe 12 when my mom was offer the option to buy shares in the company she worked for, we did not pay much attention since we did not know much about it 3 months later she got a check for a very good sum of money that's to it... that really marked my life and ever since I've been trying to do the same but being from middle class where everyone has to have a career me It seem like gambling, I'm 28 now and a civil engineer but that has never come out of my mind and thanks to you I feel confident that I can do it. Thanks mate

[jakobworden]

3:46 Note that to create new pie you have to be under Research > My Pies. Took me a while to figure it out on my own hopefully this helps someone. =)

[lifein]

I've told my friend about your channel. You are real and you actually show what you have not like the others that just talk. I'll make sure to tell everyone I know about your channel and subscribe, Thank you very much for being real. More power and subscriber to you in the future. thank you again.

[jennerazevedo]

Great video! I am Brazilian and started last year to invest in shares for retirement purposes and now the next step is to diversify buying shares in a stronger currency. I found your channel while researching about REITs and soon I was delighted with the quality of your information, the clarity as you speak, that you may not even notice, but it helps many English speakers as a second language to understand better. Thank you for your videos and long live to the channel!

[edvinsvecverdins]

Hey Joseph, you might not have heard much of such a place as Latvia, but your great content has reached people even here. Have gone through many of your videos starting with the oldest one obviously. If you ever find time, I would be very interested to hear about the fees/cost of selling the shares you have in the portfolio/ withdrawing any amounts from the account - to be more specific, the taxation during all of the process (just in the US side of it, because my guess would be that there would be additional tax related fees if your from EU).

[HansMcGruber]

Joseph, my question is about number of holdings in individual stocks. I've been doing some research on this as I was feeling like I have too many holdings (33) and was looking to pare it back to get more concentration. Some studies I found have shown that once you get beyond 25 holdings, your diversification and performance will statistically tilt more towards the performance of an index fund (say SP500) and that diversification can be achieved with as little as three stocks in different sectors. The sweet spot seems to be between 10-20 if you don't want to go the index route. I see you have roughly 55 or so with some overlap (as an example STOR and O). What's your thoughts on this?

[chambo]

@Joesph Carlson - Love the content you provide on your channel. It's in a league of its own. Question - In one of your videos can you go over the sector weightings to individually tailor your profile to your needs. (ex, Aggressive, moderately aggresive, safe etc...) I noticed you have Bonds and Utilities in your top positions, if one wanted to be slightly more aggresive how would he allocate his sector weighting. Thanks!


EDIT: Clearly I typed this question before watching the video. (I got excited being one of the first to watch it). You based your decision on the FWD being around 4%ish. For us greedy types, what sectors would be beneficial to weigh heavier than others.

[BoltzLife]

Hey @Joseph Carlson! Loving your videos, and still binge/crash coursing through them! About the comment you read on this video about Disney+ vs. Netflix... my own input about the comparison is that I see Disney+ being a much better "clean-cut" option for people like me who can't stand sifting through 500 new Netflix Originals you'll never have time to watch, the quality of camera work seems like they recorded the whole movie with their phone, and regularly a lot of movies etc. are entirely done in one room or one place the entire movie! This is something that is totally killing the justification on keeping my Netflix subscription in comparison to the Disney+ (for ME) especially if other companies are positioning themselves to eventually remove their content off of Netflix. That leaves.... just the spam of shows I already don't like/watch.


If Netflix continues on this path of total spam-like garbage destruction, I love the fact that there are better, more clean options like Disney+ and Apple TV+ (which is also doing their own original content, and Apple always seems less spammed/trashy than competitors). Unless their content becomes better quality (less quantity), they may be losing a TON of of subscribers.


Sorry about the rant! Loving the content, and keep up the great work!

[ScottCBusiness]

Your ending was way better. You could be the master of coin

[rogeliodelascasas]

Joseph, just a comparison with the comments from the person in its forties, I am 57, I had a 401 until 2012 when I was employed, but I went with a friend as a partner on business and I had to burn my 401 to live during 2013. Making my story short, I had to move from that business and open my own in the middle of 2016, due to problems with the previous business, I had to go through bankruptcy chapter 7 in 2018. Now I am back on track on my finances and started investing through Charles Schwab about three months ago and, like you, I am investing in companies that provide dividends. I know that I am late, but never it is too late to start. Rogelio