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Can you really make consistent passive income from dividends like the internet gurus tell you? Maybe, you can. But there’s more to the story!
In this video, we’ll delve into the nuances of dividend investing: how to select stocks with a proven track record of dividend growth, why companies pay them, and the truth behind passive income from dividends.
00:00 Let’s start
01:03 What are dividends?
01:55 How to find high-growth stocks
04:34 Screener creation
05:10 Major problem when creating a dividend portfolio
06:30 Bottom line
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Date: November 7, 2023
Lol did u mention in thumb nail how to get 50k passive income. But Ur video just fucked everything, absolutely time wasting video
After a long time, I watched a nice video. Thanks for clearing my confusion..😊
Good dude
I didn’t watch this video, so
Im not greedy😮💨🧑🦯
He himself proved the title of the video wrong.
So much fluff.. stop it guys
The other thing is the Tax ..as the dividend is added to income so the tax burden is also high.
FIRE started as a blogging program to help people achieve a level of financial freedom through passive income so they can work on what they want to or just retire early. This is done by making a portfolio that is reliable and concrete to support you while also living with almost no means to achieve it earlier in life. Now it's just a bunch of online scams.
Excellent video.
Everything he said is true.
No doubt about it.
But you can do another way too.
Personally, I don't have 1.5 crore every month or even my entire wealth either.
I came late to the party of financial investment and trading, so I am pretty aggressive with my trading and investments.
Every month I scan all the stocks that are giving dividends.
Then I pick and choose which stocks will give me more dividend for the money I am about to invest or trade, or both.
Then I check their record dates.
For example, take PTC India. It was giving 6.7/- dividend for 175 rupee share. So I had no hesitation in investing in that company because 175/6.7 = 26, but if I do this type of calculation for other shares then it will be 70 or 90 or even 200 or 300. What this means is if I put my money in something that is giving me a value of 26 for share per dividend then I will get more money as dividend but if this value is 200 or even 100 then I am getting less dividend for my money. Since I cannot invest in all the shares in a month, I have to pick and choose which one I am going to invest in. Every month I calculate like this, and then I put my money in that. First I will try to do intraday and if things don't go my way then no problem I can carry forward and try to do BTST and even that is not successful I will just leave it till the record date. I will at least get good dividend. And whenever the share is bullish, I will patiently wait and sell it on that day. Meanwhile, I will look to sell other shares in my portfolio too. I am always trying to sell any share for good profit. So that I can use that money to buy another dividend shares to get more dividends.
Rinse. Repeat.
What I mean to say is you don't need to have 1.5 crore portfolio to get 50,000/- yeah I know he said not to believe anything other than that he said not to believe in that video, but I am living proof that you can earn good money with both dividends and trading in a month. I have a maximum of 1 lakh to 1.5 lakh to invest and trade. So that amount I will put it in a share that will not only give me best dividend among the available shares, but it is also good for doing intraday trading and BTST. I start with intraday and then go to BTST and of course in the end swing trading with each dividend stocks. But the key is to put money in a good share, or I will lose my opportunity to make good money in that particular month. To achieve that goal, I have to do some research and be ready before the record date.
I will give you an example. Yesterday I bought Cybertech solutions which was giving a dividend 20/- for 231 rupee share. So I bought it when it was oversold and sold it when it was overbought. I did that way a couple of times and I got a total profit of 3000 from 3 different accounts. Using stochastic RSI, I was able to decide when to sell. My account, my father's account, and my mother's account. Total of 3000. I had 44k each in my mother and father's account. And in my account I had 35k. So in my father and my mother's account I was able to buy 164 and 163 shares and in my account I bought 128 shares for dividend after getting the 3000/- as intraday profit. The record date for this share is October 6th. Since I bought 164, 163 and 128 shares in all of my 3 accounts. I have a total of 455 shares. That means I will get a dividend of 9100 and this excluding my intraday profit of 3000/-
Do you see ? Think about it. If I can make this much profit, imagine how much you will make. Mind you, I made plenty of mistakes. I am only human. And even then I still managed a profit of 3000/- So I am happy with what I managed. There is definitely scope for improvement in my trading. I made plenty of mistakes. If I was a trading expert, I would have made 15k as intraday profit without any risk. Yes, it wasn't risky or hard. I wasn't sharp. I didn't execute at the right time. Furthermore, I was slow and I know my mistakes. I should have looked at higher time frames. I know my mistakes and there are a lot of areas I have to improve. But at the end of the day I had 3017 as profit and another 9100 in dividend amount. It wasn't perfect, but for my family the amount I bring in will definitely help because I give dividend money to my father and mother for household expenses. I will try to do better next time.
I am not an expert. So far my way of trading and investment is bringing me 5-figure profits every month, and I am happy because I am getting good dividends and those dividends my father and mother are using for monthly expenses and bills and my trading profits remain in the trading account, so I am able to continue trading while the dividends are covering the expenses. I wish I was as intelligent as the guy in the video, Mr. Prateek, but I know I am not, and I know my limitations. So within my capacity I am running things in my family, and it has been a successful 2.5 years so far. I have a few sticky shares that I am trying to get rid of, but I haven't been able to. Every month I am faced with a choice. Either I can put money into dividend stocks or I can do averaging for already existing stocks, but I cannot both at the same time, and that has been a challenge for me. Hopefully I will get an opportunity to get rid of those sticky shares in the coming days and weeks so that I will have more money at my disposal to do trading more than 2 days a month. Keeping my fingers crossed.
The moral of the story is if I can get consistent profits and build wealth with absolutely no intelligence or brilliance, you can definitely do it. You don't need 1.5 crore. Initially, you have to do it actively to build your portfolio. Once you have enough money, then you can buy all the good dividend stocks and then money will come to you automatically or passively without you doing anything but until you reach that point you have to do actively. And if you are extremely smart, then you will figure out how to do this far more easily, but the bottom line is, anyone can do it if they put a little bit of effort into this. It is definitely worth the effort, unlike option trading, where you will lose money.
So good luck guys.
Happy trading.
Cheers!
Make a video on SWP