Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"): armchairincome.link/snow
@scottjohnston10333 ай бұрын
Dear Sir, I know you receive comments/thanks from viewers/subscribers that are typically non-finacial professionals. As a 30-year financial professional myself, I wanted to tell you about the impressive and high-quality nature of your content. Your research and comprehension are very good, but the resulting synthesis is excellent and very relateable. I say Bravo!
@armchairincomechannel3 ай бұрын
That means a lot, given your experience. Thanks for taking the time to share your thoughts. A stamp of approval from a financial professional makes me smile!
@dreadnought46133 ай бұрын
This is the best investing channel for income investors on KZfaq. There are some other great ones out there, but this one is definitely king.
@armchairincomechannel3 ай бұрын
Heavy lies the crown ;) Thanks for such kind words of praise! You made my day.
@dougdollison62283 ай бұрын
Excellent review. Appreciate the generosity sharing your list without Patreon or Discord hoops to jump thru!
@armchairincomechannel3 ай бұрын
You're most welcome!
@ChannelSyxx3 ай бұрын
As someone who plans on retiring in two months, I love your videos. It’s so hard to find information like this online. Everyone creating content seems to be 20 years away from retirement. Thanks for making your holdings list available as well.
@armchairincomechannel3 ай бұрын
I had a similar experience. I was trying to figure out how to create a monthly cash flow and everybody online was talking about growing the biggest pile. Thanks for your feedback and most importantly....congratulations on your approaching retirement...an exciting time!
@Betty99713 ай бұрын
OMG!! Thank you AC for sharing your portfolio…for free!! That is extremely generous and very thoughtful of you to help others out, like that. Thank you again!
@armchairincomechannel3 ай бұрын
You're most welcome. Viewers have shared many great ideas with me and I've invested in a few of those ideas. So I'm grateful too.
@DanielModel33 ай бұрын
You are a gentleman and a scholar good sir, thank you so much for your time and consideration
@armchairincomechannel3 ай бұрын
You are very welcome
@muffnxman3 ай бұрын
I always have faith learning at least something new and using something new from watching each video from this channel
@armchairincomechannel3 ай бұрын
If you learn anything new then I'm satisfied with the video :)
@JohnsFishTales3 ай бұрын
Make that hour long video, I’ll watch it from beginning to end.
@armchairincomechannel3 ай бұрын
Haha. It takes a week to make a 13 minutes video so on my end it's a bit tricky! I'll take your comment as a compliment...so thank you :)
@InfoRanker3 ай бұрын
That's a lot of holdings, I have 21 and I'm trying to trim that number down as much as possible.
@armchairincomechannel3 ай бұрын
You're right. If I was a professor teaching theory or a financial advisor advising a client on the optimal portfolio, I would recommend diversified funds and fewer or no stocks. In reality, I like/enjoy buying some of the investments on my list so this works for me, but not for everybody.
@fialee8ca1323 ай бұрын
Thanks for being transparent on your holdings. I find it a good idea list, such as the BDC etfs and preferred etfs. I avoid most individual stocks and REITs these days due to concentrated risk or interest rate risk.
@armchairincomechannel3 ай бұрын
My pleasure. Avoiding concentration risk is a logical policy. It also means you can hold fewer investments in your portfolio...easier to manage!
@AnyangU3 ай бұрын
Great video! Loved the whole patreon joke. Well-played! Thank you for keeping it real and funny!
@armchairincomechannel3 ай бұрын
Thanks! I know that feeling of....oh boy...here comes the sell....
@momdittomomditto77053 ай бұрын
I’m going to be busy researching some of tickers on your list. Thanks for the list! Love getting new ideas from your videos. Thanks for not charging for the list. And thanks for the succinct description of each holding.
@armchairincomechannel3 ай бұрын
You're welcome. If I ever get long winded or start talking about random self indulgent stuff, feel free to let me know! Will try to keep it succinct.
@momdittomomditto77053 ай бұрын
@@armchairincomechannel😂
@Shootsmith3 ай бұрын
Thank you for doing this, and for free!!
@armchairincomechannel3 ай бұрын
Thanks for watching! Hope you find it helpful for constructing your own portfolio.
@fs26513 ай бұрын
Thank you. You are a true inspiration and your altruism is appreciated. May you continue to have peace and success with your time on this planet
@armchairincomechannel3 ай бұрын
Thanks for watching.
@sreekreddy733 ай бұрын
Thank you very much for sharing your portfolio and your thoughts!
@armchairincomechannel3 ай бұрын
Glad it was helpful!
@Gman-693 ай бұрын
I really enjoy watching your videos and I learned so much from the different interviews you have done with different funds! Can’t wait for the next video!
@armchairincomechannel3 ай бұрын
Thanks for letting me know. More interviews to come in 2024!
@DP520013 ай бұрын
OMG, it's so great to see you! Made my day, as always! Really appreciate you and all you do...thank you!
@armchairincomechannel3 ай бұрын
Thanks for offering such encouraging feedback. Seems like Sundays are the best day to post videos.
@DP520013 ай бұрын
@@armchairincomechannel also sent you a brief email…
@TonyCox13513 ай бұрын
Welp, time to update my holdings, Armchair’s portfolio reveal just dropped
@bernardclements3 ай бұрын
Agreed 💯
@armchairincomechannel3 ай бұрын
Hope you find some useful nuggets in there for your portfolio :)
@goose-F163 ай бұрын
guys just remember the the term guidelines vs shadow trading/investing.. his mix is done for his situation.. yours will be different, and the timing of his buys will be different than yours.. and his Yields will be different, as he was buying for a long time and has survived a down cycle where he was able to buy more and more because AI is very disciplined in his approach.. simply copying it will not yield the same results.. you have to work up to it.. and your percent mixes will be different.. just so you fully understand.. AI and I overlap alot b/c we are pretty close in the same situation, however he is ahead of me in this journey so my mix is quite different as is the loading.. but yet much the same in many ways.. find your way, dont simply copy at at a market high like this..or when we turn down, you will be feeling squeezed out.. thank you to AI for sharing his port ideas.. it takes alot of courage to come on YT and share what you are doing..
@radcliffe10652 ай бұрын
Can't figure out how to get your newsletter
@vistahawk16883 ай бұрын
Thank You for your research. New to dividend investing but have seen the value of getting income and not having to sell shares.
@armchairincomechannel3 ай бұрын
Welcome to the cult! Just kidding. Growth and income both have their place. Generally I think the older you get, the more that income replaces growth as a priority.
@jamieperry68323 ай бұрын
Another great video, thank you for making this and allowing us to see your portfolio.
@armchairincomechannel3 ай бұрын
Glad you enjoyed it!
@Ciborium3 ай бұрын
Ah! You had me there for a second. I thought you were going to sell a course or put your portfolio journey behind a paywall. I do have small positions in some of the stocks/ETFs you have profiled. I enjoy your videos, and your interviews, for my education and insight into possible "satellite" holdings to my portfolio.
@armchairincomechannel3 ай бұрын
Thanks for your feedback and glad you enjoyed it!
@kevinbuckley42313 ай бұрын
Love your videos, you always do a great job explaining what you are thinking and why you invest the way you do. Love how you balance your reviews with information, stats, confidence, and doubts. Thanks!
@armchairincomechannel3 ай бұрын
You are so welcome! Thanks for your feedback and encouragement :)
@riverdogsavioroftheunivers9783 ай бұрын
CEFS and BDCS have higher expense ratios FEPI, JEPQ, JEPI , SVOL for the win SPYI and QQQI not bad either
@armchairincomechannel3 ай бұрын
I like all of those too!
@Steverino703 ай бұрын
Another great video. I too sold 1/3 of my position in HTGC and CSCW. I have been watching for over 5 years another channel(Ciovacco capital) to understand the mega long term technical trends(lasting years) which made me comfortable taking large positions in ETF's like QQQI and SPYI. Recently they have made a strong case that we are in a multi year breakout in the S and P and NASDAQ. Based on that and other inputs I am ramping up my position in FEPI(3% to 6%). We will see how that works out. Thanks for sharing your ownership lists.
@armchairincomechannel3 ай бұрын
Thanks for sharing your approach. I've given up on trying to guess what the market will do. Bears successfully predicted 10 of the last 2 recessions ;)
@mlwilliams44073 ай бұрын
Thank you so much for sharing your portfolio. You ever look into NEP? Currently 10%+ dividend and the dividend is increased each quarter.
@armchairincomechannel3 ай бұрын
Thanks for the suggestion. It has been through a rough patch recently. Thanks for mentioning it...I'll take another look at NEP. I agree, the dividend history is fantastic.
@peterjwilson3 ай бұрын
Amazing content and channel. I already have many of these tickers but you are helping teach me how to think better about investing. Carry on please
@armchairincomechannel3 ай бұрын
Great to know that its useful for you. Thanks for the feedback!
@scottkeasler93173 ай бұрын
Great video and thank you! I'm signing up for Armchair Insider now.
@armchairincomechannel3 ай бұрын
Welcome to the gang and thanks for taking the time to say nice things :)
@Bullseye1203 ай бұрын
Great video. I would love to see you start another channel with Vietnam travels. I want to go there someday. Thank you also for all you do and I have been a follower for sometime and also own many of the same securities. Similar to what you are doing by increasing your knowledge of preferred stocks, I am likewise doing the same with closed end funds. I totally agree with the complication of PDI.
@armchairincomechannel3 ай бұрын
Thanks for your feedback. A travel channel would require fancy equipment, a drone, etc and I don't think it's my thing. However, as I learn more about shooting on location (it's more complicated) I'll add a bit more travel content where applicable...mostly just in the background. I'm already planning a return trip to Vietnam for early next year. It's great!
@Mr.Magic_O3 ай бұрын
@@armchairincomechannel my wife and I schedule an overseas vacation (roughly 6 weeks) each year. South East Asia is in our bucket list. It would be great having some idea of places to visit and associated costs to plan ahead. Look forward to getting nuggets of info on your travel experience 👍
@armchairincomechannel3 ай бұрын
Get over to SE Asia pronto. It's wonderful. My only general advice is to time the weather though. I don't like rain or smoke so March/April are great for Central and Southern Vietnam. Nov/Dec are great for Northern Thailand. In the past I just went to places without checking weather and paid the price!
@Icecold05053 ай бұрын
I have a good mix of income and growth. I like your videos. Used some funds to buy PBDC last month. 🙏
@armchairincomechannel3 ай бұрын
A mix gets the best of both worlds! Thanks for sharing :)
@sunilrodrigo97783 ай бұрын
I subbed. U deserve more viewers. I suggest include one third of each videos with your travel adventures.
@armchairincomechannel3 ай бұрын
Thanks for your encouragement! I'm back home for now but I plan to sprinkle in some more travel in the future. It won't be as much as one third, but I do want to mix up the backgrounds where possible to make it more interesting.
@pavXX3 ай бұрын
Awesome! Signed up.. And yeah know what you're saying with CSWC (and a few others). Quality problem. Thanks for the vid!
@armchairincomechannel3 ай бұрын
Glad to hear it! Thanks for watching.
@rOHRshackartpottery3 ай бұрын
Super video! I typically combine several of your holdings with those of Steven Bavaria’s list for my portfolio.
@armchairincomechannel3 ай бұрын
Thanks! Bavaria is a little more risk tolerant than me but I like his general approach a lot! He was an early inspiration.
@stanleeikki3 ай бұрын
Thank you for the videos and list. Excellent information. I have learned a lot watching your channel.
@armchairincomechannel3 ай бұрын
I appreciate you letting me know that. If anybody learns anything then it was worth the effort to make the video.
@dominiquetheeasyminimalist3 ай бұрын
Thank you so much for sharing the list, there might be interesting options that I will look into. I'm struggling with trimming some positions like CSWC or HTGC because they keep going up with strong earnings and I can't find anything else at a decent valuation. PFFA is at a reasonable price with good upside potential, but my position is already high enough.
@armchairincomechannel3 ай бұрын
These are what we call "quality problems" :)
@jwinters99743 ай бұрын
Love your channel. I've been slowly setting up a high-divi portfolio, similar to yours, but the perpetually overvalued market is making it a long process. Until there's a meaningful pullback, the bulk of my portfolio is likely to remain in +5% short-term CD's.
@armchairincomechannel3 ай бұрын
You could do worse than collecting 5% risk free :) Thanks for sharing your feedback!
@matthijsbais57743 ай бұрын
This is great! Thanks a lot. I had already 90% of the stocks in my own portfolio. For new investors an example portfolio will help to start.
@armchairincomechannel3 ай бұрын
Glad you enjoyed it. I sometimes get stuck too deep into the details and most people just want some basic ideas to tweak their portfolio.
@mikem98773 ай бұрын
Thanks for the great info in this update.
@armchairincomechannel3 ай бұрын
You're most welcome!
@soulreaper69802 ай бұрын
I know you get asked to review a lot of income funds if you would be so kind to add SPYT to that list. I would be interested in your analysis of that product. Thanks for all your videos I really enjoy your deep dive look into these income products.
@armchairincomechannel2 ай бұрын
With only 2 distributions so far, that one is a bit new for me to analyze, but I'll keep an eye on it. Thanks for the suggestion! Also, thanks for your encouraging feedback. I'm glad you enjoy the videos :)
@KCInferno3 ай бұрын
Always nice to watch your videos. Thanks for sharing.
@armchairincomechannel3 ай бұрын
Glad you like them, I appreciate you taking the time to let me know!
@David-lp1mj3 ай бұрын
Can’t wait to see your PDI video. Other KZfaqrs have struggled with it. I used to own some but sold because I thought the dividend would be cut. Hasn’t happened yet.
@armchairincomechannel3 ай бұрын
The 13% comes with some risk so there's always a possibility of a cut despite its impressive distribution history. Can't promise I'll do a PDI video. It's challenging to cover it in a comprehensive way so I don't blame other KZfaqrs for struggling with it. Also, I want the information to be interesting....a story, something unexpected, something unique...not just dry numbers and facts. I'll keep trying!
@goose-F163 ай бұрын
@@armchairincomechannel yep, could not agree more.. I hold PDO and recently drew down PDI when it ran up just lowered weighting in piMCO since it was doing so well.. Im waiting for a reasonable volatility event to occur when PDI will be a add to candidate..
@stevegarcia5134Ай бұрын
Love your channel!! I'm wondering if you can provide us your updated (current) Portfolio?
@armchairincomechannelАй бұрын
That's great to hear (read)! Yes, here's a link to my portfolio: armchairinsider.beehiiv.com/subscribe
@andymassey-pl1bg3 ай бұрын
Great content yet again. Thanks for all the info you provide.
@armchairincomechannel3 ай бұрын
I appreciate that!
@Lanark833 ай бұрын
Very interesting strategy and portfolio. I love the thought that has gone into this but still cannot wrap my head around why you would have optimized for dividend income and as a result sacrificed growth in NAV. From what I can tell looks like this returned circa a few percent last year vs 26% SPY. Even one single value ETF (SCHD etc) plus say 20% in HYG or similar would have delivered significantly better returns. Interested in the rational and LOE required for these returns? But I am intrigued and makes for good content.
@armchairincomechannel3 ай бұрын
Thanks for your feedback. My goal isn't to maximize total return. I did that most of my adult life to create the largest nest egg possible for retirement. While earning a paycheck that works quite well. It also involves 1/ Volatility. Some years you watch your portfolio drop (eg 2022). When you're working that doesn't matter. 2/ The requirement that you constantly sell some of your assets to pay the bills, ideally at the "right" time. I don't like doing that. I don't know when the market will drop and how to avoid selling when its about to drop (nobody does). Therefore, in retirement, I optimize for income...not for Total Return. Income is less volatile, more consistent, and pays the bills. Maximizing total return (eg SPY) and selling when its "high" to pay bills works well in hindsight, but in reality it doesn't fit most personalities.
@christopherdean93323 ай бұрын
Thanks for the quality content, very helpful, thank you!
@armchairincomechannel3 ай бұрын
Great to hear that. Comments like this are very motivational when I'm sitting there editing and listening to my own voice go on and on and on ;)
@aymen_dh24993 ай бұрын
Your portfolio is appealing to me. My goal is to maintain a comparable retirement portfolio. I'll keep dollar-cost average for the next 10 to 20 years. Thank you for your generosity.
@armchairincomechannel3 ай бұрын
I'm glad you find it useful. Thanks for watching!
@enricomonesi58563 ай бұрын
THANKS FOR SHARING 😊
@armchairincomechannel3 ай бұрын
Thanks for watching!...as always :)
@Lawyerup9043 ай бұрын
Love your videos and I find I hold many of the same income positions. The growth that so many people seem to ask about, in my opinion, occurs when you re invest the dividends that come in above the 8% you live on. More shares mean a growing dividend pie. I also follow a Steven Bavaria and Rida Mowra on Sa, Dividend Bull on KZfaq and a few others. Love y’all’s approach to income investing!
@armchairincomechannel3 ай бұрын
We follow some of the same people. I'm more in a preservation mode than a growth mode now, but you're right, I re-invest some to cover 1/ Inflation and 2/ The occasional dividend cut.
@rkaragozler663 ай бұрын
Excellent video, keep up the great work, and enjoy retirement.
@armchairincomechannel3 ай бұрын
Thanks! So far I'm loving every minute of it :)
@mac417763 ай бұрын
Thank you for sharing
@SummitMan1653 ай бұрын
Excellent vidéo and report again ! Question: since you retired in 2017, let’s say you pulled out your 8% in theses high yields funds, does your portfolio still had growth to inflation so it could be sustain long term with increasing your distributions also adjusted for inflation? Not much long term feedback on these type of funds from investors living from them
@armchairincomechannel3 ай бұрын
That's a good question. I haven't tracked my numbers that far back but generally my portfolio has grown since retirement, not withstanding a disasterous 2020 of course. Interestingly, there were few dividend cuts during that massive correction. The relatively small amount that I reinvest easily covers inflation (although inflation is lower in Asia). I've also experienced some growth from BDCs.
@SummitMan1653 ай бұрын
@@armchairincomechannel thanks for sharing ! Looking a good way to improve retirement income long term vs the 4% rules! 👌👌 keep up the good works !
@sergiomildner79033 ай бұрын
Carry on Sir,I am a big fan of yours.Muito obrigado.
@armchairincomechannel3 ай бұрын
Thanks for watching and shout out to beautiful Brazil!
@sergiomildner79033 ай бұрын
Thank you.Beautiful,cheap and dangerius.
@armchairincomechannel2 ай бұрын
You summed it up perfectly!
@cliffdariff743 ай бұрын
Thanks, what about GPIX?... and maybe a short future video on ur Vietnam trip? Seems you were gone quite a while...
@armchairincomechannel3 ай бұрын
GPIX looks interesting so far but still a bit young for me. I plan to do more travel in the future and include any interesting backdrops on the channel, but no plans for a "travel" video. Plenty of others are better at that than me.
@unclelong2133 ай бұрын
@@armchairincomechannel GPIX is new, so does fepi, and qqqi... i believe they are pretty much close to each other on their inception date.
@adchalet3 ай бұрын
Love your content! Now subscribed. Cheers!
@adchalet3 ай бұрын
BTW: Would love to see you interview Stephen Bavaria (Seeking Alpha) on his Income Factory approach to investing. You both have similar strategies.
@armchairincomechannel3 ай бұрын
I'm a fan of Bavaria too. He's on my list to reach out to with an interview request.
@miguelr27393 ай бұрын
Great video
@armchairincomechannel3 ай бұрын
Glad you enjoyed it!
@patrickdonnelly71923 ай бұрын
Thank you this is valuable. Question, what is the expected impact of a recession with 50% reduction in fed rates. Understand its name by name, but even by category, preferred-, BDCs, covered call products, loans, what is the expected impact?
@armchairincomechannel3 ай бұрын
Thanks for your question, but unfortunately I don't think an army of 1,000 economists working with 1,000 analysts could give you an accurate answer. A recession and reduction in interest rates are 2 separate events with very different effects. Nobody can numerically predict how those effects will translate into stock prices. In broad terms, a recession would lead to defaults for fixed income and BDCs and the Fed cutting rates would increase valuations for equities, while reducing expenses for REITs.
@Michael-nq4ek3 ай бұрын
Thanks for sharing
@armchairincomechannel3 ай бұрын
Thanks for watching!
@munterko13 ай бұрын
Great stuff
@armchairincomechannel3 ай бұрын
Thanks for your feedback :)
@ninedux3 ай бұрын
love your videos very helpful thanks!
@armchairincomechannel3 ай бұрын
You are so welcome!
@unclelong2133 ай бұрын
wouldn't 37 etf be too much to spread out? i mean, i dont know how much your portfolio worth, but my 500k portfolio only get into 7 dividend ETFs. still yields about 11-12% return. the way i did it is i have a mind set amount for what i want each ETF. example i have 100k worth jepq because that's how much money i want to spend on jepq.
@armchairincomechannel3 ай бұрын
If I was a financial advisor, I'd tell my client to have a few diversified funds....ie fewer than 37! I have that many because 1/ I just like some stocks so buying them is fun and 2/ Diversification does mitigate some of the risk. If any one investment tanks, the impact is quite minimal.
@unclelong2133 ай бұрын
@@armchairincomechannel finding the right ETF isnt easy, as far as i see, there's less than 10 ETF i like after researching over 100s of ETF.
@Dividendflywheel3 ай бұрын
If you run an equal weight portfolio then you have 2.7% in each. 100% ÷ 37 stocks = 2.7% per stock I like to crunch those numbers to get an idea. But I know some positions garner higher conviction. Thanks for your honesty and transparency.
@armchairincomechannel3 ай бұрын
True! However, I have far less conviction in my smallest positions as you correctly assumed.
@bashirkhan55553 ай бұрын
Hello Sir, First and foremost, I would like to stress that you produce the best investment content on KZfaq. I have a small request; would you consider doing a video on NEOS CSHI ETF. I would like to understand how safe and stable is the investment in this ETF.
@armchairincomechannel3 ай бұрын
Thanks for your kind words of encouragement. I haven't taken a deep look at CSHI because the yield is less than what I'm typically looking for. Thanks for the suggestion, I'll check it out.
@edthenomadtrucker83213 ай бұрын
Great video! One thing I don't understand though is why do feel a need to diversify so much? What I mean is when you buy an ETF say SCHD for example aren't you already diversified into a hundred stocks?
@armchairincomechannel3 ай бұрын
Thanks for your feedback! SCHD is an example of a fund that would require less diversification for me because the holdings are both high quality and diversified. I don't currently hold it because I want more yield but its a low risk investment. My holdings are higher risk and diversification mitigates some of that risk. For example, even though covered call funds hold all the stocks in an index, the covered call strategy has its own risk if there's a sharp decline followed by a sharp recovery.
@edthenomadtrucker83213 ай бұрын
@@armchairincomechannel Thanks so much for the feedback! That was very helpful. You basically described my investing strategy. I'm 62 and retired but my Soc Sec and Mil Ret. don't quite cut it for my expenses. I have a $385K nest egg and need $3K/mo. of steady income to pay the mortgage. SCHD divs don't even come close. I don't really care about growth just protecting the nest egg so I don't have to cannibalize it to pay the mortgage. With $220K or 53% in Roth taxes aren't an issue. For the other 47% in my brokerage account I figure the mortgage interest deduction on my taxes should be a wash with the divs paid out: 20K mortgage interest vs $19.6K SPYI divs paid out. I'm currently all in on SCHD and ready to go all in on SPYI. Is that too risky? Have I missed anything else in my analysis? If you were advising your son what advice would you give him?
@jasoncattАй бұрын
Have you calculated what your total return has been since you retired? Keen to see how you've been performing.
@armchairincomechannelАй бұрын
I haven't, and its complicated. I switched to Snowball last year to keep track of everything and it does a great job but I haven't had one tracking system since retiring. Also, the amount I reinvest/withdraw varies each month and I don't think any tracker can allow for that in their calculation. If I just bought X stocks and sat on them for 10 years it would be easy to calculate! In general my portfolio doesn't deliver returns as high as the market (at least not during bullish phases) but it delivers consistent income through all market phases, or at least it has so far. Some of the investments grow their income but most of the income growth comes from reinvesting a portion of the income.
@goose-F163 ай бұрын
sure looks alot like my top ones too.. many of them.. without knowing what you have.. I bet we overlap 3/4 of them
@armchairincomechannel3 ай бұрын
Great minds/income investors think alike.
@joehogan82343 ай бұрын
Would you consider adding the spyt etf? I am excited to see how spyt and fepi perform in the future.
@armchairincomechannel3 ай бұрын
Once SPYT has been around long enough to get a sense of its performance I'm open to it.
@PS-ps6ow3 ай бұрын
Can you please make a video on Crsh + TSLY combo?
@armchairincomechannel3 ай бұрын
That's like booze and cocaine mixed together! Yieldmax funds and short funds are outside my wheel house but I'll take a look. Thanks for send a suggestion my way :)
@BTinSF3 ай бұрын
You didn't mention the issue of whether preferred stocks are or are not cumulative. I pretty much only buy preferred stocks that are cumulative. For those unaware, "cumulative" means that the issue must pay all dividends it may have skipped or suspended on the preferred issue before it can pay any dividends on its common stock. If an issue is not cumulative, it may suspend the preferred dividend as well as the common dividend and if it resumes the preferred it won't need to pay the dividends it missed when it resumes both the preferred and common dividend. I learned my lesson on this with Ford Motor when a number of years ago it suspended all dividends. I owned the cumulative preferred, though, and because I didn't think Ford was going bankrupt, I held on and after a couple of years they paid all the back dividends as well as resuming the dividend on both preferred and common shares.
@armchairincomechannel3 ай бұрын
The preferred portion of the video was bar far the longest so I didn't have time to cover that topic. I agree, cumulative preferred shares add notable value and that should be weighed into the buying decision. Thanks for sharing your experience with Ford.
@persieprince93453 ай бұрын
What do you think about UTF infrastructure closed end fund especially with the infrastructure Bill
@armchairincomechannel3 ай бұрын
I like UTF even though I don't currently hold it. I probably should have picked some up during the 2023 Q4 dip. I usually compare it to UTG. At various points they've switched the lead in total return. I haven't followed it recently but there are plenty of articles on Seeking Alpha that examine the holdings and the future outlook for UTF.
@Krautlander3 ай бұрын
Looks like we have an early XMASS today. So I already have 7 positions from your list and I'm always thinking about getting a broker that let me buy more of the ETF's that are noch available in Germany. Thank you so much.
@armchairincomechannel3 ай бұрын
I recommend having at least 2 brokers as sometimes they have issues and I don't want to be dependent on just 1.
@fialee8ca1323 ай бұрын
Are you 100% invested for income generation or do you invest for growth with a different portfolio? I know yow say you spend about 8% of the income and reinvest the remaining income to keep up with inflation. But given you do so much research, do you run across and stocks or etfs which are interesting, but don't meet your 8% threshold?
@armchairincomechannel3 ай бұрын
Other than a few small growth buys for fun, I'm almost completely in income. I was in growth when I was working, for the purpose of accumulation. Now that I'm retired, I'm in preservation mode. There are plenty of great growth investments available but if I pursued them seriously, my goal would be capital gain, then sell to buy something that produces income because I don't want to live off my principal. My opinion is that growth works best with a long time horizon. Many people do a hybrid of growth and income during retirement and that makes sense too. A gradual shift in weight from growth to income would probably be the most logical strategy.
@logicae40963 ай бұрын
Hmm where is the link to the entire portfolio? Looking through it - seems pretty heavy on BDC and Mortgage REITs. I'm weighing switching from BIZD to PBDC but my exposure to the BDC world is limited to MAIN and BIZD.
@armchairincomechannel3 ай бұрын
It's the first link in the description. You're right, it is heavy in those areas. Lower risk would be to spread across more sectors, but that would probably lower the yield. A fund like PBDC or BIZD does a decent job of covering BDCs. Owning them individually is more for the sport/enjoyment than out of necessity.
@peoriaos66273 ай бұрын
Thanks. It's always nice to compare my holdings with other people's holdings.
@armchairincomechannel3 ай бұрын
Glad to hear that it was useful. Thanks for letting me know.
@mikelord46283 ай бұрын
Thanks for the video. Why JEPI is a small percentage, I thought you loved JEPI ?
@armchairincomechannel3 ай бұрын
JEPI is great! I just love SPYI more for now :) I may add some more JEPI again in the future. It will do well during a correction (relative to other funds).
@joemccarthy92662 ай бұрын
How can I access the current list
@armchairincomechannel2 ай бұрын
Signup here to receive the current portfolio, and future updates: armchairinsider.beehiiv.com/subscribe
@citizenoftheyearCC3 ай бұрын
Have you been following the AMZY drama? Apparently $200k and a loan against my house is all it takes to get $20k in passive income forever according to some.
@armchairincomechannel3 ай бұрын
Haha. I try to stay away from all that 50% yield craziness. Saw your sins video today, hilarious stuff! Might wanna stay indoors for a week or two until the coast clears...just sayin.
@unclelong2133 ай бұрын
that's too aggressive, it takes years to make your money and only takes minutes to lose it all... lol
@joelschiffenbauer66713 ай бұрын
Do you think if there is a significant pullback these investments will cut dividends? Will you sit tight? Love the information.
@armchairincomechannel3 ай бұрын
I've chosen them because I think they are less likely to cut than most investments. No guarantees of course. If the market pulls back because its overvalued then I don't think these funds will cut, with possible exception of covered call funds if the correction is lengthy. If there's a major recession (ie the economy rather than just the market is in trouble) then the risk is higher. Debt funds would have to deal with defaults and generally earnings will drop. Under that scenario then I would expect a few cuts but nothing catastrophic. I diversify based on the assumption that some stocks and funds will face difficulties but they won't all stop producing income simultaneously. Historically that has been the case. For example, if a stock or fund made a major cut during the covid crash I generally am not interested in it. I'm also assuming that if we have a recession (there's always a recession around the corner!), it won't be as bad as 2008. That's a long winded way of saying, yes...I will sit tight.
@joelschiffenbauer66713 ай бұрын
@@armchairincomechannel You may be right I was also thinking that even if covered calls reduce dividends it is likely the return on the 10 year treasury will also decline and hopefully the difference between the two will be maintained In which case I would consider myself still “ahead “ of the crowd Thanks for the thoughtful response My hope for your continued success And wish you the best Joel
@rogergeyer98512 ай бұрын
But isn't investing like this (all high yield) the OPPOSITE of tax efficient investing. Other KZfaqrs are constantly harping on how tax efficiency all the way - is the only way to go. I prefer balanced and simple, with some decent opportunity for growth over time. Each to their own comfort zone, I suppose. And if your income is small enough to have you in a low tax bracket, then high dividends clearly get a lot more preferable -- I get that.
@armchairincomechannel2 ай бұрын
Yes, we're on the same page. I wanted to focus on income when I was working but my job put me in a high tax bracket so it wasn't practical to pay so much tax (although real estate investing helped). Growth is a better way of accumulating a nest egg. During retirement the focus generally shifts from making the biggest nest egg to "how to pay the bills" regardless of whether the market is soaring or crashing.
@jwskogАй бұрын
If i may ask, what size of nest egg are you living off of with your current investment portfolio?
@cb249553 ай бұрын
What are the odds you can get the new FEPI Portfolio Manager on your channel?
@armchairincomechannel3 ай бұрын
12 to 1....But's just my guess. I've requested an interview twice but I haven't targeted the new manager yet. Will pursue that this week!
@cb249553 ай бұрын
@@armchairincomechannel much appreciated!
@kennethgrinspun5213 ай бұрын
I’m wondering why you don’t have any EPD
@armchairincomechannel3 ай бұрын
Good question. I like EPD. The answer is the K-1. Currently discussing this with my accountant to see if its an issue.
@kennethgrinspun5213 ай бұрын
@@armchairincomechannelI especially like that if I reinvest the distributions, the taxes are deferred.
@g.ajemian49683 ай бұрын
Thank you for the update , if you were retiring now how would you enter this overpriced market if you were convinced this is the best option for income in retirement .not specific advice but a general overview of a entry. Thanks
@armchairincomechannel3 ай бұрын
You're welcome. I don't believe in market timing so I would dollar cost average in regardless of whether the market is "up" or "down".
@g.ajemian49683 ай бұрын
Thank you, could you do a total return video sometime in the future so we could see how that type of portfolio does during a bowl and beer market which both just happened very recently as a dividend investor would be interesting to see the upward and downward movement during those scenarios thank Kfz
@efimshvartsburg3335Ай бұрын
Is your portfolio in taxable account or IRA? Most of your holdings distribute regular income
@armchairincomechannelАй бұрын
I'm not a US tax resident so...neither. You're right, ordinary income is the most common tax treatment (SPYI, QQQI etc are exceptions). For that reason, growth investing is more tax efficient while you have a job. A tax deferred account would make sense where possible for ordinary income.
@ThereseArmstrong-lg6pp3 ай бұрын
I can't get the link to your holdings - can anyone help? I have subscribed
@armchairincomechannel3 ай бұрын
Try this: armchairinsider.beehiiv.com/
@Alex-he1ve3 ай бұрын
What is your allocation of these investements in taxable vs tax-deferred accounts ?
@armchairincomechannel3 ай бұрын
My tax residency is outside the US so my tax situation is not useful for US tax residents. As a foreigner, there's no such thing as a tax deferred account. However, foreigners are taxed differently...some might argue, favorably.
@ULTIMATEhouseTV3 ай бұрын
do any of these use K-1's? i want to avoid those
@armchairincomechannel3 ай бұрын
No K-1's!!! If I every buy something with a K-1 it will come with an obvious disclosure.
@swenpintat73313 ай бұрын
Why not ymax ?🎉
@armchairincomechannel3 ай бұрын
If you're talking about Yieldmax funds in general...NAV erosion. Some of their funds have NAV growth, which is great. eg CONY. However, that's because the underlying stock has been a massive superstar performer recently. I'm not good at picking which stocks will be superstar performers. If you're asking specifically about the YMAX fund, it's off to a decent start. That's probably the only one I'd consider because it offers more diversification than the single stock funds. It's too early for me though. Will keep an eye on it.
@DividendGrower3 ай бұрын
Interesting, does PFFA handle all of the potential extra work around preferred stocks?
@Dividendflywheel3 ай бұрын
Yes. It’s an ETF PFFA holds multiple preferred stocks. Just like AMPL holds multiple MLPs. Best wishes
@armchairincomechannel3 ай бұрын
Yes, they buy and sell them based on the various factors affecting value...interest rates, call dates, market price, etc.
@unclelong2133 ай бұрын
@@armchairincomechannel what's the chance of PFFA not getting dividend cut again? as far as i see, PFFA has drop 15% on their price since inception. im having a little doubt about that lol
@ivantsanov36503 ай бұрын
ZIVB is much better than anything else
@armchairincomechannel3 ай бұрын
I'm not familiar with ZIVB but I don't see any VIX protective calls so if the VIX spikes it will take a large loss. You could create your own hedge of course...
@ivantsanov36503 ай бұрын
ZIVB doesn't need 'protection' because it's NOT short the first 2 months vix futures like SVOL (that are the most 'vulnerable' in a vix spike). ZIVB is short 4th, 5th, 6th and 7th months vix futures - those are much less effected in a vix spikes. Yes, simulation shows that in a COVID style crush, ZIVB would lose 62% of value. BUT it would recover very fast - look what SVXY did before/during/after COVID (ZIVB would perform similar)
@ivantsanov36503 ай бұрын
Everything you need to know about ZIVB is in this article: " How Does Volatility Shares’ -1X Medium Term ZIVB Work? August 27, 2023 by Vance Harwood " You can find it online
@ivantsanov36503 ай бұрын
Everything you need to know about ZIVB is in this article " How Does Volatility Shares’ -1X Medium Term ZIVB Work? August 27, 2023 by Vance Harwood " You can find it online
@ivantsanov36503 ай бұрын
@@armchairincomechannel Everything you need to know about ZIVB is in this article "How Does Volatility Shares’ -1X Medium Term ZIVB Work? August 27, 2023 by Vance Harwood " ZIVB doesn't need to buy calls
@ray6504203 ай бұрын
👍
@armchairincomechannel3 ай бұрын
Appreciated!
@gg801083 ай бұрын
My other position is cash. CRash coming. Sounds like you got the 40 number of stocks from RIDA. You are not doing newbies a favor unless you mention the possible drawdown in a down market. Usually a 2 beta is a conservative starting point. You have not experienced a bear market, your education will costs will go up and attitude will change, once you get hit. These high yields that were around before Covid never made a new high.
@armchairincomechannel3 ай бұрын
I've been through the 1989 crash, the 2001 crash, and the 2008 crash. I'm familiar with the concept. Covid crushes stock prices from growth and income. The income kept flowing for the quality stocks and funds, but the lower quality ones suffered cuts. You're correct that drawdowns are a risk for every investor that buys any form of equity. The single worst investment decision I ever made was going to cash during Covid. Won't make that mistake again.
@gg801083 ай бұрын
@@armchairincomechannellol the big difference you had a paycheck than and could make the losses back as we did. As you should know at every crash the sectors rotate in the market and those first will be last. The problem is the market had forever humans not so much. Why is there so many High Yield today, Covid sectors rotated, principal crashed. Low Beta let's one sleep at night when not if the swan comes. I got about . 5 beta by design.
@armchairincomechannel3 ай бұрын
That's a good point. The paycheck provided a margin of error. Feel free to share your favorite investments.
@gg801083 ай бұрын
@@armchairincomechannel USAC is our biggest cash cow. We took 1/2 of our IRA money and bought a lifetime income annuity that is just cooking now. The annuity money payouts go to satisfies RMDs, will payout about 10% when regular income is turned on. Heirs get what ever left that is not payed out. What's best it's not in the market and I do not have to manage it.
@sureshdesai18173 ай бұрын
I am always learning after watching your KZfaq videos. I am a subscriber of your channel. I can not download the file Armchair Insider Portfolio.pdf 652.61 KB • PDF File . Please help.
@armchairincomechannel3 ай бұрын
Thanks for subscribing. You should be able to access it here: armchairinsider.beehiiv.com/ If that doesn't work, email me at armchairincomechannel@gmail.com and I'll send you a pdf directly.
@WinningCoachdotcom3 ай бұрын
Great video ty
@armchairincomechannel3 ай бұрын
Glad you enjoyed it
@bozvin3 ай бұрын
AGEN GRATE VIDEO ❤ DU YOU RACOMEND INVESTING IN QQQi , im 28yers old .im a begginer ....
@armchairincomechannel3 ай бұрын
Thanks for the encouraging words :) I don't give financial advice. I own some QQQI but I'm old! Generally, younger investors are better off with pure growth to maximize total returns.