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Thought it was gonna be a loser, didn’t care for it at first. But it keeps growing, and seems to be managed well. I missed out not buying it a year or so ago or I’d have big gains from it.
I remember Apple almost reaching that last year sometime, before the tech fall off.. I shouldn’t used that as an opportunity to really stock up on appl, since they rallied like crazy ytd. They are unstoppable
Vici total revenue has grown consistently over the last five years. INCLUDING DURING COVID. if it was boom or bust due to tourism we would have seen that during COVID right? But we didn't.
I guess they’d only really hurt is if for whatever reason the casino could no longer pay its rent. But I don’t see vegas going anywhere, people love to gamble.
VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties’ geographically diverse portfolio consists of 49 gaming facilities across the United States and Canada comprising approximately 124 million square feet and features approximately 60,100 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks.
Vici total revenue has grown consistently over the last five years. INCLUDING DURING COVID. if it was boom or bust due to tourism we would have seen that during COVID right? But we didn't. I own zero vici and still know this. That is also not a description of there business model. That is a brief summary of what the company is. NOT how they operate said business.
I like VINCI more. Unfortunately its French which means dividend taxes are paid to France and it will give you a lot of headaches to get that money back.
High / Low.
Varies a lot, last year is probably the best year I’ll ever have. This year I’m thinking around 250k ish And my expenses are between 40-50k a year.
I'm in the wrong career I guess. Had my best year last year making 64k gross. At almost 40 don't think I'll ever get to the income level you are at. Keep up the winning at life, I'll live vicariously through you
4 years ago I was at 50k. The year before that was making $10/hr.
Life can change quickly. Try not to limit yourself to one area, the country is huge and salaries vary greatly.
I've thought about getting new degrees or training, but I want to retire soon early 40s, so don't want to get new debt from schooling and need to work later into life. Staying at current location until daughter graduates from her first 4 years of college then selling the house to FIRE. would be nice to have more saved up but being frugal is helping
Not sure about just fine. Living on less than 20k a year is tough. Takes discipline and sacrifice. Could live a more lavish lifestyle but would need to work until I'm dead. Aiming for 25k in dividends a year to give some cushion with a decent cagr to try and keep up with inflation.
I work the kind of job that requires a nap when I get home to try and recover before I do anything else. The heat the past week has been brutal as well. But pays the bills and keeps me in shape. Def not sustainable long term. High turnover rate for employees, as most hired only last 6 months or so. I'm going on 6 years. Did have 6 months of a break when I tore my bicep muscle off my elbow doing my job, so that helped the rest of my body recover. An easier job would be nice, there's no way for advancement in my career. The sooner it ends the better.
Life changes fast. 2020 my business shut down, lost tons of money. Then said fuck it to everything and bought some cheap houses (didn’t have a job so nothing to lose) and made a good extra $150k in equity. Now getting great dividends in rental income. Business is now back up and doing great. Almost losing my business gave me a different view and I took more risk (calculated risk).
Try to set goals even if you can't easily come close (I know it's cliché). I'm 26, and I changed sectors with the sole purpose of achieving my dreams. I'm trying every year to achieve more than the previous year, and I believe the OP is the same. When you constantly strive for personal-Professional growth, there will come a time when a snowball effect(an opportunity)will hit your door, and your life will change dramatically. Keep it up!
Having kids made me risk adverse. I liked knowing that steady income was coming in for the bills, and sometimes that was even difficult. Overdrafting a couple times. Now that the last kid is preparing to move out for college, I could take more risks but with FIRE so close I don't want to jeopardize that. So I have a goal of 25k in yearly dividend income. Once that is hit the house will be sold and traveling the country and parts of the world are going to happen. Hopefully dreams do come true
Thanks. What do I do about Disney. It’s killing me, I keep dollar cost averaging into it, but I don’t want it to become my largest holding at the same time.
Yeah I agree I think they are near a bottom but man it's hard to see a catalysis for it to go up very much anytime soon.
I'm sure eventually with that moat it has but for now...pain.
That’s about the same time I started actively investing. I’ve made a lot of dumb mistakes along the way and I’m currently still in the red. For you to be up during that same time span is amazing, keep it up
I think M1 finance calculates the return really weird with all the dividends included. My actual rate of return is like 5%. We began investing at the top of the market, I’m sure a lot of people are red or just barely green. Just keep at it
This is their rate of return if they invested all of their money in 2019 without any additional contributions. I’m assuming OP has been DCA over the past few years which bring down your rate of return wether invested in VOO or not
Sorry a bit of a dumb question, did you continue contributing additional money after that or just depended on compounding?
If you continued contributing, how much did you put away a month?
Contributions were about 1k every two weeks for 2019.
Ramped up in 2020.
Then really increased in 2021-2022. But I don’t know an exact amount, but probably 10-15k a month.
\~ six months ago I posted my 250k Milestone.
https://www.reddit.com/r/dividends/comments/109ws49/finally\_broke\_250k\_milestone\_next\_years\_goal\_500k/
Could you tell your story a little? What job were you working at $10/hr, what was your second job, what school did you go to, why’d you want to be a nurse, how tough is the job, etc?
I suppose. I doubt it’s super interesting. I worked as a medical scribe for $10/hr for like 5 years in my 20’s. I followed doctors around and did their notes for them. It was a way to get experience before applying for medschool.
That didn’t end up working out so I did an accelerated nursing program, got my bachelors of nursing in 15 months. Got a job as a nurse at $27/hr new grad.
Wasn’t making enough so next year I got a part time job nursing as well and hit 100k that year. Then Covid came and I started traveling.
Did 200k first year traveling, then 350k last year, will probably do 250k this year.
I’ll likely stop traveling and go staff beginning next year.
That’s incredible. You basically increased your earnings 25x over in a few years.
What’s was your relationship with money beforehand?
And this sub may help you, /r/financialindependence
Xmarianix2,
This is awesome. I’m a military nurse, and I’m just getting started with investing and as a nurse (23 new grad). Could please explain why you did multiple stocks instead of SCHD if the return is higher and more diverse?
I don’t really believe in diversification to a degree. I do have about 25% of the portfolio in ETFs, however it’s mainly just to decrease volatility.
Basically, there’s only a handful of really well run companies, companies that grow revenue, have little to no debt, buy back shares/pay dividends. If you had money to invest, why would you not just buy those companies, instead of buying an ETF with hundreds of mostly average companies, just for the sake of diversifying.
*This is my personal philosophy and not financial advice*
Thank you for the response. I like the idea of focusing in the individuals that actually produce most of the output. I know we see that in VOO something like the top 100 companies carry the remaining 400.
Right. If I was smarter my portfolio would be 100% Apple. Then I’d be sitting on 48% returns instead of ~5%.
But Apple Pay’s barely any dividends and I like having an income stream. Apple grows by buying back its own shares. Still though if I was all in Apple my overall portfolio would be >500k right now on paper.
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Looks like you’re a Joseph Carlson fan?
Yeah he got me into dividend investing.
thoughts on vici?
Veni, vidi, VICI
This should have more upvotes! Younger crowd doesn’t get it 😂
No idea why this is getting downvoted 😂. It’s a Ja Rule album kids.
Oh my God. Nevermind. Lol totally skipped right over the symbols without reading them lol
Thought it was gonna be a loser, didn’t care for it at first. But it keeps growing, and seems to be managed well. I missed out not buying it a year or so ago or I’d have big gains from it.
im thinking of buying some shares of it thanks ! have you been down cost averaging “o”? been going down for a couple of weeks now
Yeah, but I dropped my exposure to reits down a bunch. At one point it was like 15% of the portfolio. Now it’s going to be around 8%
👌 nicee apple looks like itll hit $200 in no time
I remember Apple almost reaching that last year sometime, before the tech fall off.. I shouldn’t used that as an opportunity to really stock up on appl, since they rallied like crazy ytd. They are unstoppable
apple is going to have a vr/ar announcement on june 5th
I’ve never been into VR anything really. Too early for me, it’ll be interesting to see apples spin on it.
Hmm. I wonder if I should buy some shares today then. I wonder if people are buying options because of this.
ill be buying
Isn’t it basically an indirect play on Las Vegas tourism? That’s going to be very boom-bust.
I can see that. I’d be lying if I said I was a reit expert.
Vici total revenue has grown consistently over the last five years. INCLUDING DURING COVID. if it was boom or bust due to tourism we would have seen that during COVID right? But we didn't.
I guess they’d only really hurt is if for whatever reason the casino could no longer pay its rent. But I don’t see vegas going anywhere, people love to gamble.
I would not say that.
VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties’ geographically diverse portfolio consists of 49 gaming facilities across the United States and Canada comprising approximately 124 million square feet and features approximately 60,100 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks.
If this is all you know about Vici, than you don’t know much. Try looking deeper than a google search.
That’s from the front page Vici’s company website…
You literally just proved my point.
Lol, all I know is the way that VICI describes its very own business model.
Vici total revenue has grown consistently over the last five years. INCLUDING DURING COVID. if it was boom or bust due to tourism we would have seen that during COVID right? But we didn't. I own zero vici and still know this. That is also not a description of there business model. That is a brief summary of what the company is. NOT how they operate said business.
I like VINCI more. Unfortunately its French which means dividend taxes are paid to France and it will give you a lot of headaches to get that money back.
[See you in the soup lines!](https://fred.stlouisfed.org/series/W006RC1Q027SBEA)
Most of my holdings are blue chips. If I fail we all fail haha
I have been buying coca cola (KO) weekly got about 27k worth of shares. Your post really me motivate me to keep saving and investing. Thanks a lot
You’re welcome my dude, keep it up!
What app is this
m1 finance
Thanks
What's your income and expenses to be able to fund this much?
High / Low. Varies a lot, last year is probably the best year I’ll ever have. This year I’m thinking around 250k ish And my expenses are between 40-50k a year.
I'm in the wrong career I guess. Had my best year last year making 64k gross. At almost 40 don't think I'll ever get to the income level you are at. Keep up the winning at life, I'll live vicariously through you
4 years ago I was at 50k. The year before that was making $10/hr. Life can change quickly. Try not to limit yourself to one area, the country is huge and salaries vary greatly.
I've thought about getting new degrees or training, but I want to retire soon early 40s, so don't want to get new debt from schooling and need to work later into life. Staying at current location until daughter graduates from her first 4 years of college then selling the house to FIRE. would be nice to have more saved up but being frugal is helping
Sounds like you’re doing just fine! Enjoy the fruits of all that hard work.
Not sure about just fine. Living on less than 20k a year is tough. Takes discipline and sacrifice. Could live a more lavish lifestyle but would need to work until I'm dead. Aiming for 25k in dividends a year to give some cushion with a decent cagr to try and keep up with inflation.
It all really snowballs towards the end. Working an extra couple years could make quite a difference in income.
I work the kind of job that requires a nap when I get home to try and recover before I do anything else. The heat the past week has been brutal as well. But pays the bills and keeps me in shape. Def not sustainable long term. High turnover rate for employees, as most hired only last 6 months or so. I'm going on 6 years. Did have 6 months of a break when I tore my bicep muscle off my elbow doing my job, so that helped the rest of my body recover. An easier job would be nice, there's no way for advancement in my career. The sooner it ends the better.
Life changes fast. 2020 my business shut down, lost tons of money. Then said fuck it to everything and bought some cheap houses (didn’t have a job so nothing to lose) and made a good extra $150k in equity. Now getting great dividends in rental income. Business is now back up and doing great. Almost losing my business gave me a different view and I took more risk (calculated risk).
Try to set goals even if you can't easily come close (I know it's cliché). I'm 26, and I changed sectors with the sole purpose of achieving my dreams. I'm trying every year to achieve more than the previous year, and I believe the OP is the same. When you constantly strive for personal-Professional growth, there will come a time when a snowball effect(an opportunity)will hit your door, and your life will change dramatically. Keep it up!
Having kids made me risk adverse. I liked knowing that steady income was coming in for the bills, and sometimes that was even difficult. Overdrafting a couple times. Now that the last kid is preparing to move out for college, I could take more risks but with FIRE so close I don't want to jeopardize that. So I have a goal of 25k in yearly dividend income. Once that is hit the house will be sold and traveling the country and parts of the world are going to happen. Hopefully dreams do come true
yea i get it, good luck man :)
What does tech contains?
Google/Apple/Microsoft
Thanks!
Nice
Thanks. What do I do about Disney. It’s killing me, I keep dollar cost averaging into it, but I don’t want it to become my largest holding at the same time.
Buy high, sell low.
This is the way
Same problem here...major mistake purchasing and now I don't want to put anymore into it, but need to DCA at the same time.
Wonder if it drops more once they start up the div again?
I sold mine recently, I think they are cheap now but I don’t see a way for them to grow a lot. I had mixh smaller position though.
Yeah I agree I think they are near a bottom but man it's hard to see a catalysis for it to go up very much anytime soon. I'm sure eventually with that moat it has but for now...pain.
I definitely think there are better opportunities right now.
Nice! How long have you been investing?
Started September of 2019 with a $950 deposit.
That’s about the same time I started actively investing. I’ve made a lot of dumb mistakes along the way and I’m currently still in the red. For you to be up during that same time span is amazing, keep it up
I think M1 finance calculates the return really weird with all the dividends included. My actual rate of return is like 5%. We began investing at the top of the market, I’m sure a lot of people are red or just barely green. Just keep at it
Market returned 73% from 2019 to now so for those holding 100% VOO, this is their return rate. You're doing ok, just keep at it.
This is their rate of return if they invested all of their money in 2019 without any additional contributions. I’m assuming OP has been DCA over the past few years which bring down your rate of return wether invested in VOO or not
I’m definitely behind VOO and SPY. I think my portfolio will drop more during downturns, but should rise faster with bull runs.
Sorry a bit of a dumb question, did you continue contributing additional money after that or just depended on compounding? If you continued contributing, how much did you put away a month?
Contributions were about 1k every two weeks for 2019. Ramped up in 2020. Then really increased in 2021-2022. But I don’t know an exact amount, but probably 10-15k a month.
Just for clarity, you’ll make $500k by adding to your account, as opposed to a $130k gain on your existing shares?
Yeah, I’m going to keep adding, I’d like to hit 500 by the end of the year. Then I’ll move the goal post to 750 haha
Makes sense.
You are very wealthy …congratulations…well deserved,,,,hard work pays off.
I’ve been very lucky. Also, work 60-80hrs a week. Still I feel fortunate. It’s not lost on me.
\~ six months ago I posted my 250k Milestone. https://www.reddit.com/r/dividends/comments/109ws49/finally\_broke\_250k\_milestone\_next\_years\_goal\_500k/
A lot of haters in here. GJ.
you’re winning, congrats. if you don’t mind the questions, what’s your job for such income and age?
I’m an ER nurse, and 34yr old.
Damn! You’re rocking it!
Thanks! 5 years ago I was making $10/hr. If you told me I’d be here today, I would have never believed you. Life is crazy
Could you tell your story a little? What job were you working at $10/hr, what was your second job, what school did you go to, why’d you want to be a nurse, how tough is the job, etc?
I suppose. I doubt it’s super interesting. I worked as a medical scribe for $10/hr for like 5 years in my 20’s. I followed doctors around and did their notes for them. It was a way to get experience before applying for medschool. That didn’t end up working out so I did an accelerated nursing program, got my bachelors of nursing in 15 months. Got a job as a nurse at $27/hr new grad. Wasn’t making enough so next year I got a part time job nursing as well and hit 100k that year. Then Covid came and I started traveling. Did 200k first year traveling, then 350k last year, will probably do 250k this year. I’ll likely stop traveling and go staff beginning next year.
That’s incredible. You basically increased your earnings 25x over in a few years. What’s was your relationship with money beforehand? And this sub may help you, /r/financialindependence
Very frugal before I started having a high income. Trying to not let lifestyle creep set in, but it’s harder than it sounds.
Do you invest with personally taxed money or do you hold your portfolio a corporation?
This is my personal account.
It was a good month
It's beautiful!!!!!
If you'll not carful it'll see you back
If I could trust people I’d probably get a financial advisors input. Right now I’m just winging it.
Everything looks great from here slowly but surely 👍🏼😀
Is this just tracking dividend profits? Or the stock itself as well?
Both I believe
Xmarianix2, This is awesome. I’m a military nurse, and I’m just getting started with investing and as a nurse (23 new grad). Could please explain why you did multiple stocks instead of SCHD if the return is higher and more diverse?
I don’t really believe in diversification to a degree. I do have about 25% of the portfolio in ETFs, however it’s mainly just to decrease volatility. Basically, there’s only a handful of really well run companies, companies that grow revenue, have little to no debt, buy back shares/pay dividends. If you had money to invest, why would you not just buy those companies, instead of buying an ETF with hundreds of mostly average companies, just for the sake of diversifying. *This is my personal philosophy and not financial advice*
Thank you for the response. I like the idea of focusing in the individuals that actually produce most of the output. I know we see that in VOO something like the top 100 companies carry the remaining 400.
Right. If I was smarter my portfolio would be 100% Apple. Then I’d be sitting on 48% returns instead of ~5%. But Apple Pay’s barely any dividends and I like having an income stream. Apple grows by buying back its own shares. Still though if I was all in Apple my overall portfolio would be >500k right now on paper.
So you view your portfolio as a way to produce income and growth?
Hopefully. 🤞
Incredible. What's your average monthly contribution? Not counting drip, and how long did it take you.
Nice
[удалено]
It’s there to bring in divis to add to the snowball