These are young kids of the robinhood/m1 app investing types plus tons of bitcoin and yes as far as I know all taxable. I just shrug sometimes.Are the high dividend portfolios in taxable or tax deferred/Roth? Because it seems to me people (of working age and yes retirement, but many are young people thinking they've "gamed the system") want "passive income" which means they'd be holding these things in taxable accounts, not 401k/Roth (where they can't get at them just yet). In that case they're getting passive income forced upon them (in an amount they might not need) and being forced to pay taxes on that. But I bet most people haven't learned to compare a dividend fund against a total market (total return) approach. I also bet most people who love dividends don't know their share price drops when the dividend is paid out. Most think dividends are a free lunch. TANSTAAFL.
Baffles me as well but cannot keep count of how many coworkers etc keep talking about their great dividend portfolios etc (not to mention all the individual stock picking).
Statistics: Posted by cosmos — Sun Dec 22, 2024 12:42 pm