Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"): armchairincome.link/snow
@sdrs95a4 ай бұрын
@armchairincomechannel FYI, STK is close to its 52 week Premium low. It rarely goes below it's Premium. Now is a good time to start adding, buying more if it drops more.
@armchairincomechannel3 ай бұрын
STK is a hidden gem!
@four5acp4 ай бұрын
Thank you so much for your work! I’m retiring early in 2.75 and am building to a 6% yield. Adding some of these funds to my current dividend growth stock portfolio to hit my yield target has been a game changer! So far I’ve added: HESM, MAIN, CSWC, SVOL & SPYI. A little goes a long way to add to my more traditional SPY, SCHD, JNJ, type of etf and stock holdings. Each month I mix a little of each to keep growing yield but without sacrificing dividend growth! Again, thank you so much for your efforts!!!!!
@armchairincomechannel4 ай бұрын
Mixing growth and income can make a lot of sense. Keep up the great work!
@mikem98773 ай бұрын
Congratulations on having what I believe to be the best retirement-oriented KZfaq channel. I like your Top Ten list video episodes and I understand your reluctance to go past your top ten. But I would love to see you share your total list sometime not from the standpoint of copying it, but because of the way you give a reason behind your decision to add and or remove an entry that I feel is where the true educational aspect is found.
@armchairincomechannel3 ай бұрын
Thanks for your feedback and your words of encouragement. I'm working on a format to do exactly that :)
@edbrandt8972Ай бұрын
I like to hear your thought process in terms of what remains in your top 10 and why some names are dropped. Thanks for sharing.
@AmeriGlobal4 ай бұрын
ARCC has a great total return history for those that venture into individual stocks.
@Dividendflywheel4 ай бұрын
MAIN has a decent performance too
@armchairincomechannel4 ай бұрын
MAIN has a great short term and long term performance history.
@armchairincomechannel4 ай бұрын
ARCC has been solid for long time.
@pavXX4 ай бұрын
"I'm not addicted, I can quit at any time.". Lol thanks for the laugh (and list). Glad to hear you're enjoying Vietnam. Hope to start doing that soon myself.
@armchairincomechannel4 ай бұрын
😜 I highly recommend it! Feb to April is ideal for the Central Coast.
@paulsantori89204 ай бұрын
Thank you for another great video. SVOL has been one of my largest positions for a while now, currently 8% of my portfolio. I’m buying SPYI with my SVOL dividends. I only have 46 shares thus far. I’d like to have 100-200. Cheers! 🍻
@TonyCox13514 ай бұрын
I’m also enjoying a nice little SPYI + SVOL, seems like a good combo
@armchairincomechannel4 ай бұрын
Thanks for sharing! My SVOL position crept up to 5% which is my cap.
@tonyconsuegra21793 ай бұрын
I can´t thank you enough for your teaching a real-life experience. thanks again for show us a new way I wish I knew earlier. keep doing a good job.....
@armchairincomechannel3 ай бұрын
Glad it was helpful! I was enjoying retirement and wondering why more people don't do it sooner so I decided to make a channel about it.
@thomassanfrancisco58503 ай бұрын
I sold my Jepi for Spyi in January. No regrets.
@armchairincomechannel3 ай бұрын
Thanks for sharing.
@dominiquetheeasyminimalist4 ай бұрын
Those Vietnamese rolls 😋 Each time you post this type of video, I spend a few hours doing research because there's always something new 😂. My only move will be to finally switch out of JEPI to add to SPYI. I just can't let go of my beloved individual BDCs because my yield on cost is too juicy and I believe the special distributions will be maintained for another few months. Happy travels!
@armchairincomechannel4 ай бұрын
They are yummy. I didn’t completely sell my BDCs for the same reasons.
@citizenoftheyearCC4 ай бұрын
Great Top 10 List and overview my friend!
@armchairincomechannel4 ай бұрын
Thank you kindly. Always appreciate your support.
@bigjj9744 ай бұрын
Just a thought-It may be beneficial for us to better understand if you shared your weighting by percentage of the ETF's in relationship to your overall portfolio.
@armchairincomechannel4 ай бұрын
Good point, I should have addressed that. I'm at 5% for each of the top 10 except RQI...just started buying that one.
@bigjj9744 ай бұрын
@@armchairincomechannel Thank you Sir
@ventcurtisburkett5324 ай бұрын
Great update, thanks. I own most but not all of your list. I'll enjoy researching the ones I don't own.
@armchairincomechannel4 ай бұрын
I wish you well with your research :)
@RayProctorJr4 ай бұрын
Thanks for putting these out. You really got me interested in researching more and maybe retiring early. Keep up the great work.
@armchairincomechannel4 ай бұрын
Great to hear! I can highly recommend early retirement. Freedom is priceless. In hindsight I would have bought less stuff and retired sooner.
@ChannelSyxx4 ай бұрын
Just recently discovered your channel and I really enjoy it.
@armchairincomechannel4 ай бұрын
Glad to hear it! More to come :)
@TheInfinitymath4 ай бұрын
Excellent Video!!! You beat CNBC by a mile. Enjoy your retirement in Vietnam.
@armchairincomechannel4 ай бұрын
Thanks, that's very kind of you. CNBC has more sponsors than me...what's up with that! In Vietnam for a while longer but am enjoying Southeast Asia in general. It's a wonderful part of the world.
@j.c.29732 ай бұрын
@@armchairincomechannelwhat’s her name?
@sreekreddy734 ай бұрын
Thank you very much for the list and sharing your thoughts !
@armchairincomechannel4 ай бұрын
My pleasure!
@JG-DivMan4 ай бұрын
Excellent video, well researched, and some intriguing ideas for me to think about -- thank you!
@armchairincomechannel4 ай бұрын
If I can make you think then I've accomplished my goal :)
@MartinD999929 күн бұрын
Thank you so much 👌🏽
@armchairincomechannel29 күн бұрын
You’re welcome 😊
@davenone48804 ай бұрын
Great as usual; thanks again for all you do; look forward to more.
@armchairincomechannel4 ай бұрын
Thanks for your worlds of support 😃
@BrettBayer-gj3uo4 ай бұрын
Thanks for sharing about your top 10! love that you are in Vietnam and eating the spring rolls, I laughed so hard! Nice to have a joke in between discussing high yielding funds! Thanks for your videos and research!
@armchairincomechannel4 ай бұрын
Glad you enjoyed my humor as much as I enjoyed the springs rolls. 😃
@uansam34394 ай бұрын
Thank you for this great info. As a retired investor I need income when market down and don’t want to sell shares. I think your new selections will participate in some price recovery when market turn around and I’m okay with this strategy.
@armchairincomechannel4 ай бұрын
Thanks for your feedback. I don’t like selling either. Especially during a correction.
@wernerschonenberger76684 ай бұрын
I'm a big fan of SVOL ... 'tough it's like a dance on the razor's edge ... 'cause only "volmageddon" will tell how well it's protected on the downside
@armchairincomechannel4 ай бұрын
I agree 😀
@MrGameMeister2 ай бұрын
Apologies if this has been asked and answered before. I'd watched maybe a dozen of your videos, especially these portfolio reveals which i find quite interesting. Have you done a video where you go through your methodology for deciding what to include in your portfolio? You have quite a few items in there, and there is a variety of yields and areas for diversification. But I am curious why so many? Why not concentrate on the higher yielding on the list? What factors are you looking at when making these decisions. And maybe most importantly - what criteria are you using when deciding when to drop or add something to the portfolio? I understand this ultimately is the secret sauce, but it's also the biggest question many of us struggle with. I would be quite interested to learn more about your approach, as it may inform me as to my own decision criteria. Much thanks and keep it up!
@armchairincomechannelАй бұрын
Hi, that's a great question. I don't generally overweight the highest yielding investments because they usually come with higher risk. I'm trying to balance risk vs reward. Choosing investments is an important topic and I plan to make a dedicated video about it.
@MrGameMeisterАй бұрын
@@armchairincomechannel thanks for the quick reply! yeah, this is precisely what i am talking about - the methods by which you measure "risk". I know you value long term consistency from your other videos, but i'd like to understand as much criteria as you can share. possible having a particular mix of equities, REITS, and treasuries too to balance the market volatility. look forward to the video!
@nicetubtilerefinishing7694 ай бұрын
New subscriber here. Grateful for this channel and, thank you for sharing your retirement investment strategies. For fun might I add... I knew you were from Australia by the way you pronounced the word "assume"
@armchairincomechannel4 ай бұрын
I live in the US for 20 years so I lost some of it. My family thinks I sound like a "yank". Welcome to the channel!
@atulp33604 ай бұрын
Thanks so much for your work! This is very useful, and I'm using a similar approach to meet my retirement numbers. I'm learning a lot from these ... thank you, and please keep them coming! May I please ask a favor? Could you please share the full list of 20 in your portfolio that you hold in a future video, or just in a comment? I'm trying to understand your holdings and how these change over time (i.e. the monitoring, maintenance, frequency, effort). Dividend growth stocks (without the full 8-10 years and more capital) simply can't meet this type of an income rate! Thanks again for all the phenomenal work. Best.
@armchairincomechannel4 ай бұрын
Hi, and thanks for your feedback. I'm working on a format to share my portfolio in a format that's easier to update than a video (videos take a long time to make and age quickly). So the answer to your question is "yes".
@HotBrassandBullets4 ай бұрын
FSK 15% with special divs at current 19/share. Have it for 7 years now, 30000 shares.
@armchairincomechannel4 ай бұрын
Thanks for the suggestion. I haven't taken a close look at FSK but I noticed that its one of PBDC's top holdings.
@DP520014 ай бұрын
You just made my Sunday! 😊 Thanks for all you do!
@Dividendflywheel4 ай бұрын
Cup of Coffee and taking notes in my investing journal 😊😊
@armchairincomechannel4 ай бұрын
I like to hear (read) that :)
@armchairincomechannel4 ай бұрын
Great to know, I appreciate your kind words. Hope you had a good weekend :)
@DP520014 ай бұрын
@@Dividendflywheel Exactly! Love these videos and content so much...
@Dividendflywheel4 ай бұрын
@@armchairincomechannel6 more years and I will retire. Your channel offers a blueprint of what to do
@brianfruman123Ай бұрын
Volatility is mean reverting. In term structure over 20 years for how long has contango lasted vs backwards? It pays 16 percent which means 16/72 is 4.5 years to payback. Be great for IRA or tax free because you get tagged on income tax. Rather than think of appreciation you need to think of reducing your cost of ownership over time. Also keep powder dry to buy more as I stated its mean reverting high to low backwards to contango.
@armchairincomechannelАй бұрын
I covered quite a few stocks and funds in that video so I'm not sure which one you're referring to but thanks for your insight on term structure. I like income and appreciation, in that order.
@mountainman96854 ай бұрын
Great video! I have several of these in my portfolio also.
@armchairincomechannel4 ай бұрын
Great minds think alike 😀.
@peoriaos66274 ай бұрын
Thank you. Nice Video. Several of these concern me. PFFA and RQI both have a total return of 6% annually for the last five years. Also, I'm reducing my exposure to HESM as there is concern that the CVX acquisition of Hess may destroy HESM. People have cited this has occurred before.
@armchairincomechannel4 ай бұрын
Thanks for your feedback. Those concerns are worth thinking about for sure! RQI and PFFA have both suffered under high interest rates. If high interest rates continue that won't change. I'm assuming interest rates will fall one day...but I can't predict the future. I've seen arguments for and against the acquisition of HESM. So far the market seems to love it...based on the price action. I'm in it for the income, not the price action.
@goose-F164 ай бұрын
excellent update.. right now diversification is important with any impending volatility..those funds probably account for 50% of my portfolio.. so excellent, and yes its fun to have to trim back.. same thing I have been doing when I can lock in a years of dividends, and redeploy that capital.. PBDC of late has been my beneficiary of that, and ARDC for impending vol.. thanks! Loving snowball too.. got it off your link
@armchairincomechannel4 ай бұрын
Thanks for your feedback. We have a similar approach. 😀👍🏼
@TonyCox13514 ай бұрын
Mr Armchair - love your content! I’m many decades from retirement and have most of my investments locked away in a three fund portfolio for that time. But I am experimenting with a portion of my “medium term savings” to income producing, and your channel has been an excellent resource. Cheers from the US and keep up the great work
@armchairincomechannel4 ай бұрын
Thanks for your kind words. Keep at it. It’s a payoff that’s worth the effort. Starting early makes it so much easier so stick with it!
@Seoulsearch6164 ай бұрын
Thanks always for these videos. Hope you enjoyed your snack! 😅 It would be interesting to see more about your experiences living in Vietnam if you would ever want to share. 👍🏼
@armchairincomechannel4 ай бұрын
Those spring rolls are light and crunchy and the shrimp is so fresh. Not a travel channel but I'll try to show more of Vietnam in the background to add some variety.
@Michael-nq4ek4 ай бұрын
Always look forward for your videos. Great job, Thanks
@armchairincomechannel4 ай бұрын
I appreciate your feedback and words of support!
@Alex-he1ve4 ай бұрын
Another great video. Thanks. Could you comment a bit about what accounts they are - taxable or tax deferred? Like I have SPYI in taxable, but PBDC/ARCC in IRA.
@armchairincomechannel4 ай бұрын
I don't get into tax strategy because it differs by country. SPYI is quite tax efficient. Most high income is less so.
@SummitMan1654 ай бұрын
Good armchair report/analysis !! Have a nice stay and rolls in Vietnam !
@armchairincomechannel4 ай бұрын
Thanks, will do!
@momdittomomditto77054 ай бұрын
Another excellent video showing your research and thought processes. I look forward to your videos and hope you keep doing them.
@armchairincomechannel4 ай бұрын
I appreciate your words of encouragement; it's great motivation to make more videos :)
@clustr68064 ай бұрын
Great video, thanks for the solid picks!
@armchairincomechannel4 ай бұрын
Thanks for watching!
@enricomonesi58564 ай бұрын
GREAT JOB......and thanks for your research and Financial Service.......
@armchairincomechannel4 ай бұрын
Great job watching and commenting :)
@hulenbryant56374 ай бұрын
Thanks for the making this great list. I'm in the process of transitioning to a more income-generating oriented portfolio. Alot of good stuff here to chew on.
@armchairincomechannel4 ай бұрын
Giving you stuff (income ideas) to chew on is exactly what I’m trying to do 👍🏼😀.
@mac417764 ай бұрын
Great video! Your content is concise and informative. I own three of the ten stocks you mentioned, and they've been paying good dividends. Love the setting for your video😊
@armchairincomechannel4 ай бұрын
Then we have a few things in common :) Glad you enjoyed it. Doesn't suck being here either!
@fialee8ca1324 ай бұрын
Thanks for the update! The preferred equity fund is interesting... should be safer since i think almost all the holdings is in preferred utility shares. I was eyeing that one since the dividends look good, should be very safe, and is completely different than anything else i own... but the lack of appreciation and tied to potential interest rates risk has me unsure.
@armchairincomechannel4 ай бұрын
It has its pros and cons. Nothing is truly “safe”, hence the diversification. The performance is affected by interest rates.
@fialee8ca1324 ай бұрын
@@armchairincomechannel If there was a time to get in, it could be now since there's talk of future interest rate cuts in the future. Once they cut rates, it should send the shares higher... but predicting the future is hard.
@markhoffman13104 ай бұрын
Always love these videos. I've been buying up EOI lately. Pays about 8.8% with their newly increased div. Solid long term performance.
@MessedUpParodies4 ай бұрын
EOI has treated me great, and EOS has as well. Currently dollar cost averaging into ETY as well.
@armchairincomechannel4 ай бұрын
Thanks for the suggestion. Looks interesting. I'd need to understand what happened around those 2008 GFC distribution cuts.
@armchairincomechannel4 ай бұрын
Thanks for the suggestions, will look into them :)
@TheMally854 ай бұрын
Great video, thank you for sharing.
@armchairincomechannel4 ай бұрын
Thanks for watching!
@Steverino704 ай бұрын
Solid list, enjoyed the video.
@armchairincomechannel4 ай бұрын
Much appreciated!
@josephsalazar47124 ай бұрын
Thank you. Excellent video.
@armchairincomechannel4 ай бұрын
Glad it was helpful!
@janoz064 ай бұрын
Thanks for the update
@armchairincomechannel4 ай бұрын
My pleasure :)
@marcosagosti61754 ай бұрын
I share your preference for High dividend investments that don't erode the principal. I'd looked at the Income Factory approach that you mentioned in one the videos but got concerned with so much capital dilution over time. One comment on your list with the best of intentions: Too much rotation. Between the two revisions you have changed 70% of the portfolio in 5 months. You should avoid coming across as the investment channel with the "flavor of the month" approach. Either conditions have changed DRAMATICALLY over the last few month (they haven't) forcing the changes or the initial analysis were not as robust.
@armchairincomechannel4 ай бұрын
Thanks for your feedback. Your rotation comment is well taken. I didn't sell out of the 5 but I trimmed them back for the reasons given (price appreciation and seeking additional diversification). Going forward I expect less churn over a similar 6 month period.
@eefusgoofusАй бұрын
Do you have any opinions on the transition from a growth oriented portfolio to an income oriented one? Aside from tax concerns Is there a reason not to "big bang" sell off assets to do this transition? We've been looking at annuities to minimize downside and also provide income and this sort of income investing seems like a better way to do that....
@armchairincomechannelАй бұрын
I'm not a fan of a sudden transformation of investment strategy for 2 reasons: 1/ The learning curve and 2/ Trying to time the market. A sudden transfer puts a lot of pressure on you to pick the "right" investments in a short time period. The reality is, if you focus on a style of investing you'll gradually get better at it over time. Psychologically, a large sum transfer, creates a win/lose outcome. A gradual, regular transfer over time smoothes out the results. I think annuities are suited to people who don't want to / can't manage their own investments, ie less downside and less upside.
@eefusgoofusАй бұрын
@@armchairincomechannel Thanks for the insight. Right now we primarily have exposure to the market via target date funds, a few mutual funds and a large amount of index funds. We are not day traders, more of a "set and forget it" style of investor. I think there is still a window for using income investment rather than annuities even if the strategy is a diverse but not tightly managed portfolio of income generating investments, just not sure how we plan to start our journey. I'll consider your opinion strongly.
@ucallthatatweet12 күн бұрын
I haven't found much commentary so far about the merger going through (with AFT evidently now part of MFIC). Does it look good to you?
@armchairincomechannel11 күн бұрын
I chose to sell my AFT because I didn't want to end up holding MFIC.
@MrTaurus1133 ай бұрын
i saw in PBDC prospectus : acquired fund fees is 6.04% !
@armchairincomechannel3 ай бұрын
Most of that is irrelevant. It's an SEC regulation that requires BDC funds to include regular OpEx from the BDCs as part of the "fee". It has nothing to do with management fees. Actual Management fee is a fraction of that.
@josephbscott83504 ай бұрын
Great Video! It's well Focus on what interests me the most. Income and growth. I own most of the same stocks as you. I'm also retired... With my eyes set on southeast asia too
@armchairincomechannel4 ай бұрын
What are you waiting for? It's amazing. I should have moved to SEA sooner.
@Dividendcoaster4 ай бұрын
Appreciate the perspective on your top 10. What % would you allocate to each position?
@armchairincomechannel4 ай бұрын
My max allocation is 5% and I've allocated that to all of them except RQI, which I'm easing into at the moment. Each person will need to figure out their own allocation based on their appetite for risk, tax situation, etc.
@alexanderfriberg73094 ай бұрын
Pleease do one for us European Income investors:)
@armchairincomechannel4 ай бұрын
I haven't invested in Europe or as a European investor so unfortunately I don't have much information to contribute on that subject. Sorry to hear about all the restrictions that Europeans have to deal with when trying to buy US stocks and funds.
@DividendGrower4 ай бұрын
Looks like a solid list, maybe a bit conservative even
@armchairincomechannel4 ай бұрын
Or wildly risky…depending on your perspective. 😃
@theangfamily7776Ай бұрын
Given that you are now living in Vietnam, what are your thoughts on purchasing income ETFs from a local brokerage platform, i.e. moomoo? Does these brokerages require tax reporting back to USA? The locals here in Asia does not pay any tax on dividends received from USA funds. Thoughts?
@armchairincomechannelАй бұрын
I was in Vietnam for 2 months but I don't reside there. My go to recommendation for Non-US investors is Interactive Brokers. I use and like them. Anybody investing in US stocks will pay tax on the income they receive. Brokers withhold tax to ensure that it's paid. The withholding rate generally ranges from 15 to 30% depending on the country.
@cliffdariff744 ай бұрын
YMAX continues to yield and grow NAV.. MAIN pays monthly also.
@armchairincomechannel4 ай бұрын
Yes, YMAX is off to a really good start. 👍🏼Let’s see how it does during a tech correction.
@miguelr27394 ай бұрын
Great video
@armchairincomechannel4 ай бұрын
Thanks for the visit
@lin-joglobal7693 ай бұрын
Blindly copy got it! 😂😂😂
@armchairincomechannel3 ай бұрын
Yes! and make your check out to "Armchair Income" :)
@Krautlander4 ай бұрын
Would be nice to see all your positions. I have actually 100 Posiotions. Last buy was BST and bought some more RNP. AS I live in Germany I can't buy all the nice stuff. Maybee I have to open an other Depot... Thanks for the Video. And you gave me a smile with the comment on the summer roles...
@armchairincomechannel4 ай бұрын
Glad I made you smile :) I love diversification but I can't keep track of 100! I'll cover my other positions in the near future.
@Krautlander4 ай бұрын
@@armchairincomechannel OK, so I have to wait for my retirement... :)
@ampicilineАй бұрын
Greetings, hope all is well bro! , I just noted during the black swan event (2007-2008) , ARCC share value drop from ( $ 20---> 3$ ) , But STILL it was able to produce its dividend ( 0.45---> 0.35) surprisingly ....it took almost 3 years that it gets back to its NORMAL dividend AND it took 13 years to get back to its share value before 2008 ..... I guess my question is : How safe we can be during serious real black swan events ( like 2008 ) as far as consistent monthly incomes from these ETF during retirement ? ( I don't call 2020 a REAL black swan event because we had a V shape recovery in less than 5 months )
@armchairincomechannelАй бұрын
Nobody knows what will happen during a black swan event because each one is different. I'm more focused on income than price so even though it would be ugly to see a drop like that, as long as the dividend continues, then the investment is doing its job.
@169Tomh4 ай бұрын
Very interesting thanks for sharing
@armchairincomechannel4 ай бұрын
Thanks for watching
@RobertBrown-yn9tx4 ай бұрын
I am tracking your favorites @ about 85-90% and doing great! Trying to bump up my total number of positions to somewhere around 30-32 but don't want to go much higher since my retired brain might melt down trying to keep track of things. So you like the Vietnamese Spring rolls (they are good)? I spent about 2 yrs in Thailand and fell in love with their food. Their rolls kick-a$$! I love Bahn-Mai sandwiches also so I'll give ya couple of points there. Great site! I actually do recommend it to folks. P.S. My current favorite foreign country -> Panama !!!
@armchairincomechannel4 ай бұрын
We have similar taste in asian food and income investments. I've been through the Panama Canal but haven't hung out in Panama City. I hear good things though! Loving Vietnam at the moment and have spent a lot of time in Thailand.
@salvatorerannazzisi812729 күн бұрын
Why no MREIT’s like ARR, ABR or AGNS ?
@armchairincomechannel29 күн бұрын
mREIT risk is too high for me. However, I do like ABR and hope to go back into it when the FBI probe concludes (assuming they find no wrongdoing).
@salvatorerannazzisi812729 күн бұрын
@@armchairincomechannel thanks for the reply i appreciate it and great channel.
@sbreslin414 ай бұрын
Good selections. What about AMZA for midstreams? Worried about AFT merger. Also, not a fan of BDC ‘fund of funds’ vs your own BDC selections.
@armchairincomechannel4 ай бұрын
I wasn’t a fan of AMZA total return or the distribution history compared to HESM. I don’t like CEF funds of funds but I like PBDC…and holding a few BDCs too.
@mikeconnell6984 ай бұрын
Thanks for the video. I'm in with SVOL, FEPI and QQQI already. I think i'm more aligned to tech and have never really "gotten" BDCs. Any articles you recommend on them? Diversity is good, but I guess I stay away because they seem volatile.
@armchairincomechannel4 ай бұрын
I like tech too, but I don't want to be 100% invested in it. You're wise to avoid anything you don't understand. Here's a BDC guide to get you started. systematicincomeinvesting.com/wp-content/uploads/2021/04/Guide-To-BDCs.pdf
@jaydugger32914 ай бұрын
Thank you.
@armchairincomechannel4 ай бұрын
You're welcome!
@TravelingNomad1002 ай бұрын
Any thoughts on REM?
@armchairincomechannel2 ай бұрын
I haven't looked into REM because the distributions are too volatile for me in retirement.
@wagneralopes4 ай бұрын
Thansk a lot for this video! Don't you think that it is risky buy something now given the fact that prices are very high?
@armchairincomechannel4 ай бұрын
It costs me 11% in yield (less 5% paid on cash equals 6%) to sit on cash. I think the risk is higher for buyers focused on stock prices than for income investors focused on the income stream. If you want to time the market then now there is more risk of a correction. I don’t try to time the market.
@CalmerThanYouAre14 ай бұрын
Out of curiosity, what realized yield your current portfolio value could you get by with? How much of a dividend cut could you take and still be ok? Usually with high yield funds I tell people to act as if 30% or more of the distribution from time of purchase is a good margin of safety to plan on reinvesting each month and only dipping into when necessary. But it could feasibly get worse than that during a market crash or prolonged downturn.
@armchairincomechannel4 ай бұрын
My yield on cost is just over 11% and I'm withdrawing 8% of that and reinvesting the rest. If interest rates fall dramatically then I may need to reduce that to 7%. As for a market crash, I'm focused on stocks and funds that I expect to maintain their dividends (or make minor cuts). I'm not worried about price volatility; mostly focused on the income. During correction periods, my reinvestment dollars will buy at more attractive yields. During the pandemic crash I didn't trust this philosophy enough and I held too much cash. Lesson learned. Reinvesting 30% is good advice! I have no debt and low overhead so that reduces my stress too. To answer your question, I could reduce my travel expenses and live off approx 5% if needed.
@CalmerThanYouAre14 ай бұрын
@@armchairincomechannel that’s an outstanding approach and exactly what I would do as well. Keeping fixed expenses low relative to overall expenses adds a lot of flexibility and resiliency to your financial picture. 💯 Confidently buying shares of your holdings at depressed prices with reinvested income is a cheat code to improve the mental and emotional aspects of retirement. I don’t think this fact is ever emphasized enough in the YT finance world.
@MrGameMeister2 ай бұрын
Question - when you say "is yielding XX%", what time period are you using? YTD? last 12 months? Projected EOY? And i guess this question comes up a lot - why would someone settle for 10% when the last 12 months SPY has yielded 24% (as of mid June 2024). I understand that you go in and out of positions all the time, so an apples-to-apples comparison might be tough for a 5 year or 10 year time horizons, and i understand the even SPY didn't do great in the 2022 time period. Just trying to understand the outcome of your time spent curating a portfolios like this vs. a well-diversified SPY. Thanks :)
@armchairincomechannel2 ай бұрын
When I quote a yield its the trailing 12 month yield (total of the past 12 months distributions divided by the price). If the fund is less than 1 year old then I annualize the yield. SPY is great for accumulating wealth while you're working. In retirement, my goal isn't to continue accumulating the largest nest egg possible. My goal is to maintain and grow a consistent income stream that pays for my life. Those are 2 very different goals. If you could sell SPY at or near its peaks so that you don't need to sell when its in a bear market (eg 2022) then SPY will work in retirement. I don't believe in market timing so that doesn't work for me. Alternatively, you could sell some SPY every month to pay the bills. It would easier when the market is up, and not so much fun when the market is down. Some of it is luck. If you happened to retire at the start of a bear run, then selling your nest egg to pay the bills would suck! I'm guessing you're not yet retired. While paying the bills with a salary, a bear market is annoying but it doesn't affect your life. If you're relying on selling SPY to pay your bills then a bear market can affect your stress level. In hindsight it looks easy, but at the time, there's no way to know if the bear market will last months or years. Thanks for the question!
@MrGameMeister2 ай бұрын
@@armchairincomechannel first - thank you very much for your considerate reply. all of your points are well taken. for sure, as we age the requirements of the portfolio change as well. and while i understand that it might be difficult to compare, i would be really interested to see how your example portfolio did in 2022 vs. SPY. I'd venture a bet that it probably wasn't the 10-ish % that it is now, and may have fluctuated on a level commensurate with SPY. possibly some of the covered call ETFs might do well in a down market, but you'd have to invest heavily to make a difference i guess. I guess what i am saying here is that i probably need to do a bit of deep-diving into how a bear or at least a ranging market yield for your type of portfolio might compare to a SPY. Certain in a bull market SPY makes sense, but it will suffer in a short term if there is a down turn. Again, thanks!
@allankyffin29544 ай бұрын
I currently hold many of the same tickers as you, and getting close to early retirement or a few yrs off work. Could you consider a video on how you think some of these companies would perform in a market crash, or do you hold anything that would help protect your portfolio nav? Ive considered gold mining stocks or the GDX for this reason.
@armchairincomechannel4 ай бұрын
I’m not a fan of gold but you ask an important question…how to approach a correction. Thanks for the suggestion.
@davenone48804 ай бұрын
Another question please; when you take a new position or add to a position, do you dollar cost average in, or do you go all in at once? Thank you again for all you do.
@armchairincomechannel4 ай бұрын
Unless I've discovered an amazing deal (rare), I ease in slowly.
@mikepinzine77914 ай бұрын
Hi is 3rd installment of QQQI coming? Love that 14 percent thx !
@armchairincomechannel4 ай бұрын
Yes...before the end of this month (April).
@chev69014 ай бұрын
Thank you for sharing. So tax-wise, HESM is just like any other stock and no K 1 form, especially in a Roth IRA?
@armchairincomechannel4 ай бұрын
HESM does not distribute a K-1.
@ardeemaq21144 ай бұрын
VIX is now spiking at SVOL going down
@armchairincomechannel4 ай бұрын
Yes, SVOL doesn’t like a VIX spike.
@raghuvunnava27534 ай бұрын
Isn't Tech more risky in this environment. JEPI still has a place. IMO.
@armchairincomechannel4 ай бұрын
Tech is richly priced but I would never be 100% out of tech. I don't try to time the market or sectors.
@happycampers65924 ай бұрын
Thanks Mr. Armchair! Since ARCC has such a presence in PBDC, at what percentage would you consider there to be an overlap, or loss of diversification? Also, I belong to your FB group and there appears to be a fair amount of those that are more "traditional" investors, who aren't fully onboard with hi-yield income investing. As a relatively new investor and someone who is nearing retirement and in need of a nice income stream, I really want my portfolio to contain hi-yield assets. However, there is no shortage of counter arguments that warn against “yield chasing”, especially using alternate, unproven assets. Seems like you made a comment in one of your videos about Steven Bavaria and how you aren’t as aggressive as he is - or something along those lines. So, I guess it is all relative, and it comes down to individual risk tolerance and performing due diligence. Would you be interested in making a video that addresses the differing opinions? I guess it could be just as simple, for those of us that are a little squeamish, as building a portfolio that is a little less aggressive, holding a mix of solid common stocks and alternate assets.
@armchairincomechannel4 ай бұрын
ARCC is 11% of PBDC so technically to achieve my 5% cap I should limit my ARCC to approx 4% and PBDC makes up the rest. I haven't been that precise. I like the debate within the FB Community about different levels of yield...some that focus on a lower yield than me, and some that chase Yieldmax, Defiance etc. I will share what works for me but I don't think there's one level that's perfect or ideal for everybody.
@hechtic2 ай бұрын
Thanks for the informative video. I'm curious about PDBC. Seeking Alpha has the yield at 4.02%. I feel like I'm missing something. Thanks
@armchairincomechannel2 ай бұрын
You're welcome. I just checked the yield for PBDC on Seeking Alpha and its 9.10%. I've never seen it as low as the number you quoted. Perhaps you made a typo when entering the ticker.
@hechtic2 ай бұрын
@@armchairincomechannel Darn dyslexia strikes again. :) Thanks for setting me straight. On a completely unrelated note, I know your channel is dedicated to dividend investing for retiring, but I've heard you mention several times that you retired to SE Asia, and I'm curious if you have ever considred producing a video that covers retirement in Thailand, Vietnam, Indonesia or wherever with all the considerations, risks, benefits and everything else. I suspect it would be really interesting. Personally, I've travelled quite a bit in that part of the world. I speak Indonesian reasonably well, but I had never even thought about the possibility of retiring there before I heard you mention it. Thanks.
@normansimonsen12034 ай бұрын
Ok. I'm conducting serious research into Spring Rolls. Are you going to buy that resort ? I'm hearing more reports that certain "Emerging Market" investments are favored.
@armchairincomechannel4 ай бұрын
I would have bought the resort but I spent so much on spring rolls I can't afford it anymore.
@normansimonsen12034 ай бұрын
@armchairincomechannel Well, that sort of thing can happen when your not addicted and can quit any time you want.
@oneeyedjack88064 ай бұрын
Do you buy into others that say, "You only need 3 dividend ETF's instead of 20 or 30 dividend individual stocks".???
@armchairincomechannel4 ай бұрын
I don't think one is right, or better than the other. It depends on your personality. I like the process and the outcome of income investing so I'm happy to spend time researching and managing 30+ stocks and funds. I understand that another person might dislike the process. Perhaps 30+ investments would deliver better performance, but they'd be happier just holding 3 ETFs and not spending time keeping track of a large portfolio. So in short, 30+ investments works for my goals better than 3. I like the diversification as it reduces risk.
@chocolatesaltyballs854 ай бұрын
Great video! I'm tempted by PFFA, but I think RNP looks good instead as it holds preferred shares, and REIT's, then being able to drop RQI too.
@armchairincomechannel4 ай бұрын
Yes, RNP is a preferred/REIT combo 👍🏼
@davenone48804 ай бұрын
A question please; do you equal weight your top 10 holdings or do you use a different strategy to determine how much in each? Thanks very much
@armchairincomechannel4 ай бұрын
I should have covered that question 😃. Each are 5% except RQI which is the newest addition but I plan to increase it to 5%.
@davenone48804 ай бұрын
@@armchairincomechannel Okay; thank you.
@matthijsbais57744 ай бұрын
Hello, I really appreciated your videos. Did you also shared your complete portfolio or do you keep for yourself?
@armchairincomechannel4 ай бұрын
Haven't shared my complete portfolio but I'm receiving a lot of requests for it so I'm working on a format that allows me to share it and updates to it.
@matthijsbais57744 ай бұрын
That is good news🎉 I am very curious. Thanks a lot
@krakhour24 ай бұрын
like spyi....like jepi......dont like spring rolls ..like jepq...hybrids are nice...dont like starwood....love main...love nmfc
@krakhour24 ай бұрын
Like arcc.....have svol but a little concerned about huge drops on the stock pullbacks
@armchairincomechannel4 ай бұрын
We can't agree on everything. Perhaps you'd like Banh Mi :) Thanks for sharing your favorites. Will take a look at NMFC.
@edmitiu73834 ай бұрын
interesting, thanks
@armchairincomechannel4 ай бұрын
You're welcome
@peterholmes20894 ай бұрын
HESM is ok, but if I compare that to my favorite midstreams (ET and EPD), it does not look great. Both ET and EPD have a higher EPS yield and lower valuation. So that will translate into better returns going forwards. Also, although they generate a K1, which is definitely a PITA, in return you pay almost no tax on the dividends so long as you don't sell them. Since you like SPYI for the tax benefits, I'm surprised you don't like ET or EPD over HESM.
@armchairincomechannel4 ай бұрын
The 2020 dividend cut for ET freaked me out a bit. I'd need to understand what happened there. EPD is on my radar and my accountant gave me the green light to deal with K-1s. Will be looking into it further; thanks for the recommendation. I love the EPD distribution history!!
@pregan664 ай бұрын
Isn't ARDC a large component (~11%) within PBDC. Is there a benefit to owning ARDC outside of PBDC? I am just curious as I have been building up my PBDC position. Great video, BTW!
@armchairincomechannel4 ай бұрын
I think you're referring to ARCC. It makes up 11% of PBDC and you're right, no need to own both as there's overlap....just keep an eye on PBDC because the holdings do change!
@pregan664 ай бұрын
@@armchairincomechannel Oops, yeah, I meant ARCC (always get those 2 mixed up).
@Shootsmith4 ай бұрын
Is PBDC only quarterly dividend? Do you lose out on any special dividends?
@armchairincomechannel4 ай бұрын
Yes, quarterly. Special dividends are part of the investment revenue pool. So you don’t miss out on special dividends.
@delprior85423 ай бұрын
The expense ratio for PBDC is 6.79%. Seems excessively high. Is that correct?
@armchairincomechannel3 ай бұрын
Most of that is irrelevant. It's an SEC regulation that requires BDC funds to include regular OpEx from the BDCs as part of the "fee". It has nothing to do with management fees. Actual Management fee is a fraction of that.
@bozvin4 ай бұрын
is spyi neos s&p 500 a good ETF ??? ❤😊thank you !
@armchairincomechannel4 ай бұрын
I like and own SPYI and I made a video about it. "Good" is in the eye of the beholder. I like it for income.
@stk6mkt4 ай бұрын
I'm a loyal viewer. May I ask if you're living in Vietnam, and where you are from originally? Long JEPI JEPQ SVOL VYM SCHD DIVO PBDC PFFA and GM.
@armchairincomechannel4 ай бұрын
Hi, we have a few investments in common. I'm in Vietnam for about a month. Originally I was born in Australia.
@MikeAffholder4 ай бұрын
What did you do prior to retiring.
@armchairincomechannel4 ай бұрын
Commercial real estate was my career; along with some residential investing on the side.
@Chris-dw6cu3 ай бұрын
Where are you living in Vietnam and what would you say are the biggest pros of living there? I'm thinking maybe I should consider a move and Vietnam is the one SE Asian country I haven't yet visited. Currently in KL, which is just too chaotic, noisy, an fast paced for my comfort. Not to mention, nothing operates smoothly here, but no one cares, or takes steps to improve it - a generally dysfunctional society. I am seriously burned out an need a change.
@armchairincomechannel3 ай бұрын
I was in Vietnam for almost 2 months, mostly Danang. Pros...nice people, delicious food, Grab is cheap and fast for transport, cost of everything is low. Cons...noise, but if you're on the city side rather than the beach side its less noisy. I highly recommend visiting Danang and Ho Chi Minh City but check the weather first. I left Danang because its getting too hot and after the heat wave comes the rain. March/April in Danang were excellent. Also check out Chiang Mai and Chiang Rai in Thailand, they're both user friendly. Best weather months are Nov/Dec.
@Chris-dw6cu3 ай бұрын
@@armchairincomechannel very helpful info - thanks! So it sounds like you left Vietnam already? Where are you staying currently and how do you like it there?
@louis201224 ай бұрын
These high income ETFs are like annuities. Eventually your principals will diminish. Hopefully not fast enough so you still have enough unearned income to pay for living expenses before you die.
@armchairincomechannel4 ай бұрын
In most cases, yes. But based on historical data, not always. Some are flat and some enjoy modest appreciation.
@ykc88884 ай бұрын
Howdy! I started a position with PBDC. Where in Vietnam are you staying, if you don't mind telling me. Thank you.
@armchairincomechannel4 ай бұрын
I’ll send you a live link to my exact GPS co-ordinates if you promise you’re not a stalker. Just kidding. The last video was shot in Danang. There are a lot of areas to explore in Vietnam!
@duane70332 ай бұрын
That is so cool, years ago my dad said he loved Danang out of all the places he had been. He was in maritime on ships.@armchairincomechannel
@paulfiedler91284 ай бұрын
Vietnam! Witness Protection Program?
@armchairincomechannel4 ай бұрын
It's an awesome program, but don't tell anybody ;)
@paulfiedler91284 ай бұрын
@@armchairincomechannel It'll be our secret. But, if the orange guy gets into office here in the land of milk and honey---I may be heading that way too.
@RobertBrown-yn9tx4 ай бұрын
Have you ever considered creating a Patreon Account/Link ? I would be interested if it ever happened. Bob - Wondering Aimlessly in Tulsa.... (retired Income investor and BBQ fanatic))
@armchairincomechannel4 ай бұрын
I've thought about it. A lot of people asking for portfolio info and updates. I'm not comfortable charging money for that, so I'm working on a free solution. Should be ready in a month or 2. Congrats on your retirement, now you have time to fine tune those BBQ recipes. If you haven't already, consider joining the Armchair Income Community (also free).
@g.ajemian49684 ай бұрын
What percentage of your total portfolio do these 10 holdings hold? Thanks
@Dividendflywheel4 ай бұрын
Yes!! He didn’t mention them did he? I think his starter positions are 1% the he works to 5%. Might want to check out the last set of videos in his playlist
@armchairincomechannel4 ай бұрын
I should have discussed that. My max allocation is 5% and I've allocated that to all of them except RQI, which I'm easing into at the moment. So to answer your question....just under 50%.
@armchairincomechannel4 ай бұрын
Spot on!
@g.ajemian49684 ай бұрын
The other 50% less risky assets or do you just do smaller allocations and similar funds just curious as a strategy within the 8% rule that you talk about. It would be interesting to know how that other 50% is invested. Thanks for sharing.
@armchairincomechannel3 ай бұрын
The other 50% is far more diversified into stocks and funds with a less compelling risk/reward ratio. More explanation to come.
@TravelingNomad1003 ай бұрын
Great video, you should check out Thailand way better food.
@armchairincomechannel3 ай бұрын
I agree! I shot this video in Bangkok kzfaq.info/get/bejne/qZOInNWJzZi2ZZc.html