➡ Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"): armchairincome.link/snow
@ArthurAvner4 ай бұрын
not working
@hansschotterradler37728 ай бұрын
Snowball looks good, but I'm too cheap to pay for any of it. I have trimmed my number of holdings to 35 from over 60 this year, and I plan to eliminate more of my individual holding for ETFs in 2024. I will just keep a few REIT's and BDC's.
@armchairincomechannel8 ай бұрын
60 is a lot to keep track of! Sounds like you have a good plan. Thanks for watching :)
@unclemiketrader2 ай бұрын
Another plus for Simplysafe is that they track CD's and Tbills that are imported from your broker where as Snowball does not, in snowball you have to enter them by a setting up a custom entry
@armchairincomechannel2 ай бұрын
I didn't know that, thanks for the update!
@jwilder22518 ай бұрын
This looks really useful! Love your concise videos, most KZfaqrs talk too much
@armchairincomechannel8 ай бұрын
Thanks! I try to get straight to the point. Life is busy!
@pavXX8 ай бұрын
In the exact same boat as you. I have SSD but yeah that $499/yr is a tough pill to swallow. Signed up for Snowball so have both atm, but am also leaning towards clipping SSD after the yearly sub ends.
@armchairincomechannel8 ай бұрын
I like SSD but I think they should lower their price and do more marketing to increase sales.
@pavXX8 ай бұрын
@@armchairincomechannelYep I like their service but to me >$249 starts getting a bit much for what they are offering.
@normansimonsen12038 ай бұрын
Good to see you. Happy Holidays.
@armchairincomechannel8 ай бұрын
Thanks, Happy Holidays Norman :)
@Asstronauts938 ай бұрын
I have two funds. VTI & SCHD. Right now vti is 99.9٪ of my portfolio but what im doing is taking the dividend payment from VTI and buying SCHD shares with it. I just started that process this month so i only have 1 share of SCHD. If there was a way to track how this portfolio grows that would be cool
@armchairincomechannel8 ай бұрын
With 2 funds I don't think a dividend tracker is necessary. As you diversify (probably not a bad idea at some point), and you find it difficult to keep track of all your sources of income, then one of these could be helpful.
@mikamika43698 ай бұрын
Excellent reviews! This is exactly what I was looking for, and I directly bought snowball analytics with your link 😊 great channel - keep going!
@armchairincomechannel8 ай бұрын
Well that worked out nicely :) Thanks for watching, clicking, investing, commenting...everything!
@goose-F167 ай бұрын
made the jump to Snowball.. So far I like it.. just learning the nuances of it.. but for income tracking its very good... I wish it had a "update all" portfolios button.. instead of each one but I have to investigate if it downloads all transactions automatically.. I still need to correct the initial stuff to make it line up.. but so far so good for the cost.. thanks for the comparison, I had it narrowed down to these two as well..
@armchairincomechannel7 ай бұрын
Thanks for the feedback, I'm enjoying it too.
@VllKlNG8 ай бұрын
I got in to snowball on their Black Friday sale. I've been loving it. Support was excellent when I had billing questions. I also use the portfolio refresh which connects automatically to my broker and updates my trades. Love the div calendar, and protected income, customizable categories. Looks good in mobile app as well! I have noticed that snowball doesn't always have a risk ranking on newer ETFs. Maybe they need a year's history or something first. I also like the weekly portfolio summary emails I get. 😊
@armchairincomechannel8 ай бұрын
I forgot to mention those weekly summary emails, they're great! Thanks for sharing your experience :)
@logicae40967 ай бұрын
I would suggest to folks that snowball analytics still has a few bugs to work out yet. Sometimes their screens don’t give the same dividend calendar information across tabs….just fyi. But yeah I went from SSD to Snowball for the cost.
@armchairincomechannel7 ай бұрын
Thanks for the feedback. 👍🏼
@bozomonster16 күн бұрын
Can I set an alert to be notified when a dividend reaches a certain amount on either of these trackers?
@armchairincomechannel16 күн бұрын
I'm not aware of any dividend tracker with an alert that's adjustable to a specific level. Although that would be a nice feature!
@mikeconnell6988 ай бұрын
Do either of these have much info on CEFs as far as how well the dividend is covered? BST, MCN, GAB, SRV are some examples
@armchairincomechannel8 ай бұрын
There's no simple measure of dividend coverage because CEFs cover a variety of asset types that are measured in different ways. The closest thing to a measure would be Net Investment Income (NII) Coverage on Simply Safe Dividends. Here is their explanation of the limitation of that measure: "NII Coverage is the percentage of a fund's distribution covered by net investment income (NII), which is the interest and dividends earned by the fund less expenses. Most fixed income CEFs set their distribution based on NII, so ratios near or above 100% are safer. Equity CEFs rely more on capital gains to fund distributions, making NII Coverage less indicative of the safety of an equity CEF's distribution."
@mikeconnell6988 ай бұрын
@@armchairincomechannel Try asking a different way then. Do these Apps have dividend safety scores for CEFs and/or do they give you some idea of how well a particular CEF has its dividend covered?
@potatoesandgravy70217 ай бұрын
With all the issues dividend trackers have had with Fidelity after Fidelity changed their security requirements, does Snowball work with Fidelity?
@armchairincomechannel7 ай бұрын
Yes, Snowball can link to Fidelity via Yodlee. The feature that reads statements is not available for Fidelity. I don't have an account with Fidelity so I don't have personal experience with uploading data from them.
@potatoesandgravy70217 ай бұрын
@@armchairincomechannel thanks! Happy New Year!
@armchairincomechannel7 ай бұрын
Thanks :) You too!
@citizenoftheyearCC8 ай бұрын
I prefer to just use my own spreadsheets and track dividend safety myself.
@armchairincomechannel8 ай бұрын
Being handy with a spreadsheet is a valuable skill!
@gg801085 ай бұрын
tracking as dividends occur is a manual process. I just ball park it cuz all I care about is annualized.
@5dbcooper8 ай бұрын
Good vid! I own Arcc was checking out PBDC expense ratio must be .55 or .67 but yahoo finance says 6.79% 😆 must be wrong. 🤔
@armchairincomechannel8 ай бұрын
Thanks! 6.79% would be crazy! It’s much less. There’s an explanation on the PBDC website and in this video: Should You Buy a BDC Fund? (10.9% Yield) kzfaq.info/get/bejne/nNKnmKRm1tHSiZs.html
@rejeanorscott1555Ай бұрын
Here is a rookie question: Does Snowball allow one to create multiple portfolios?
@armchairincomechannelАй бұрын
Yes. I have multiple.
@brucef12998 ай бұрын
Thank you. Do either allow portfolio upload as a .csv upload similar to Seeking Alpha?
@armchairincomechannel8 ай бұрын
I haven't done a CSV file import but it's available on Snowball. Here are the instructions: help.snowball-analytics.com/import-custom/
@gg801085 ай бұрын
I tried a Schwab CVS file and it failed. No support except try again.
@ismith351Ай бұрын
Thank you for the video. Which broker do you use?
@armchairincomechannelАй бұрын
Interactive Brokers, Schwab, and Etrade. I've also experimented with Webull.
@ismith351Ай бұрын
@@armchairincomechannel Thanks. I use IBKR too
@Peguero-HerediaАй бұрын
@@armchairincomechannelThoughts on M1?
@rOHRshackartpottery6 ай бұрын
Are there any security issues with allowing snowball access to your brokerage account?
@armchairincomechannel6 ай бұрын
None that I’m aware of. Snowball has been excellent to deal with. I’m paranoid about my brokerage and bank accounts so I don’t link to anybody. Plenty of people do though!
@endor8witch7 ай бұрын
what's your take on bdcs for 2024? still a buy? not advice, of course.
@armchairincomechannel7 ай бұрын
I've trimmed back on the high flyers because their valuations are so rich (CSWC, HTGC). The end of rate hikes will reduce or end the special dividends that were unusually high in 2023. Lower interest rates will increase loan volume, and reduce investor fears of defaults (recession notwithstanding), which is usually a tailwind for valuations. The quality BDCs have a history of performing well during low and high interest rate environments, so it's an asset class I continue to hold.
@holyhandgrenadeofantioch20198 ай бұрын
Good info, thx!
@armchairincomechannel8 ай бұрын
Glad it was helpful, and thanks for watching :)
@ivan11h8 ай бұрын
thank you for the added value! I saw your reply re MO, and a bit surprised that you don't want to allocate even a tiny portion of your portfolio to it.
@armchairincomechannel8 ай бұрын
I like MO's dividend history, but I don't see the upside for their future as it depends on an unknown transition from cigarettes to vapor products. I don't see the future looking the same as the past for them. But it may take a while...
@ivan11h8 ай бұрын
@@armchairincomechannel ill keep an eye on them and see what happens. I am a smoker and I dont plan to quit smoking,
@zacworld20618 ай бұрын
Great video! Does Snowball allow you to add cryptocurrency to your portfolio tracking?
@armchairincomechannel8 ай бұрын
Thanks! I wouldn't say its designed as a crypto tracking program, but you can add crypto assets as "Custom Assets". Here are the instructions:help.snowball-analytics.com/custom-assets/
@shill11038 ай бұрын
Market is going to crash soon! how do we prepare?
@armchairincomechannel8 ай бұрын
Diversify.
@gg801085 ай бұрын
Cash is the only thing that saves you in a crash. Also the market rotates sectors after a crash. Dump those that are not coming back and buy those that are. Commercial RE is toast and never made new highs after COVID.
@gg801085 ай бұрын
I tried to import a Schwab CVS file but failed. Support only advice is to try again something went wrong, probably a bot replay. Anyone import a Schwab CVS file?
@armchairincomechannel5 ай бұрын
I imported my Schwab account manually so I haven't tried the CVS version. Thanks for posting this, hopefully another Schwab account holder can share their feedback.
@johnjones7615 ай бұрын
I also tried to import a csv file from Schwab and failed
@gg801085 ай бұрын
@@johnjones761 you don't get a second chance to make a first impression. I sent support my raw CVS file which imports in Excel ok, but never heard back from support.
@armchairincomechannel5 ай бұрын
I did some asking around and the only feedback I can give you is that there has been some confusing between report types...meaning that some people were trying to download csv files of holdings rather than csv files of transactions. Hope this helps.
@armchairincomechannel5 ай бұрын
I did some asking around and the only feedback I can give you is that there has been some confusing between report types...meaning that some people were trying to download csv files of holdings rather than csv files of transactions. Hope this helps.