Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Just finished phase 1
Old 09-26-2017, 08:11 AM   #1
Recycles dryer sheets
97guns's Avatar
 
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 248
Just finished phase 1

I just finished phase 1 of operation "create income", sold off 40k of silver yesterday and will be throwing it to 2 high yield etfs, phase 2 calls for another 40k sell off and 2 more issues and phase 3 will be another 20-40k to create around 17k a year through dividends.

I always hear "don't care base yield" but that's what I am, a yield chase
__________________

__________________
Fired at 39 in 2009 with less than $300k in total net worth, current net worth 1.7mil
97guns is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-26-2017, 09:34 AM   #2
gone traveling
 
Join Date: Mar 2017
Location: New York City
Posts: 2,838
Quote:
Originally Posted by 97guns View Post
I just finished phase 1 of operation "create income", sold off 40k of silver yesterday and will be throwing it to 2 high yield etfs, phase 2 calls for another 40k sell off and 2 more issues and phase 3 will be another 20-40k to create around 17k a year through dividends.

I always hear "don't care base yield" but that's what I am, a yield chase
Was it coins or bullion? Did you make money on the per ounce sale?
__________________

__________________
Blue Collar Guy is offline   Reply With Quote
Old 09-26-2017, 09:48 AM   #3
Recycles dryer sheets
97guns's Avatar
 
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 248
Bullion, I started buying at $16 and under but bought into the $30's too, I had 16000 oz at one time, down to about half that now. I'll still be hanging on to my gold but felt I need to get some of it working for me.
__________________
Fired at 39 in 2009 with less than $300k in total net worth, current net worth 1.7mil
97guns is online now   Reply With Quote
Old 09-26-2017, 03:38 PM   #4
Full time employment: Posting here.
 
Join Date: Aug 2009
Posts: 510
Quote:
Originally Posted by 97guns View Post
Bullion, I started buying at $16 and under but bought into the $30's too, I had 16000 oz at one time, down to about half that now. I'll still be hanging on to my gold but felt I need to get some of it working for me.
You have $10M in gold bullion?
__________________
bmcgonig is offline   Reply With Quote
Old 09-26-2017, 03:47 PM   #5
Recycles dryer sheets
erkevin's Avatar
 
Join Date: Oct 2014
Location: Arizona
Posts: 138
Quote:
Originally Posted by bmcgonig View Post
You have $10M in gold bullion?
Silver
__________________
erkevin is offline   Reply With Quote
Old 09-26-2017, 03:51 PM   #6
Recycles dryer sheets
97guns's Avatar
 
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 248
Quote:
Originally Posted by bmcgonig View Post
You have $10M in gold bullion?


I wish, if I had 10mil in gold bullion I wouldn't be looking for yield
__________________
Fired at 39 in 2009 with less than $300k in total net worth, current net worth 1.7mil
97guns is online now   Reply With Quote
Old 09-26-2017, 03:52 PM   #7
Moderator Emeritus
 
Join Date: May 2007
Posts: 10,972
What kind of ETFs are you targeting to get a 17% yield?
__________________
FIREd is online now   Reply With Quote
Old 09-26-2017, 04:17 PM   #8
Recycles dryer sheets
97guns's Avatar
 
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 248
Quote:
Originally Posted by FIREd View Post
What kind of ETFs are you targeting to get a 17% yield?

bdcl, reml, amjl, and morl, all paying over 17%

Can anyone shed some light on these issues, charts look pretty solid and dividends have never been cut
__________________
Fired at 39 in 2009 with less than $300k in total net worth, current net worth 1.7mil
97guns is online now   Reply With Quote
Old 09-26-2017, 04:26 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,278
Quote:
Originally Posted by 97guns View Post
bdcl, reml, amjl, and morl, all paying over 17%

Can anyone shed some light on these issues, charts look pretty solid and dividends have never been cut
No personal experience, but with most of the high yield ETFs, total return stinks.
__________________
Pas de lieu Rhône que nous.
braumeister is offline   Reply With Quote
Old 09-26-2017, 04:30 PM   #10
Recycles dryer sheets
97guns's Avatar
 
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 248
Quote:
Originally Posted by FIREd View Post
What kind of ETFs are you targeting to get a 17% yield?
Quote:
Originally Posted by braumeister View Post
No personal experience, but with most of the high yield ETFs, total return stinks.


Yep, but these charts look half decent, returns aren't great but they seem to be pretty steady, my intent is monthly income with preservation of the capital
__________________
Fired at 39 in 2009 with less than $300k in total net worth, current net worth 1.7mil
97guns is online now   Reply With Quote
Old 09-26-2017, 05:28 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Midwest
Posts: 1,498
BigCharts shows BDCL shows data going back only as far as 2012. It is currently down 30% from that time but at one time was down 60%

MORL looks like it goes back to 2013 and is currently down 25% from then and was down 66% at one time. Doesn't look like capital preservation I don't care what the div payout is.
__________________
razztazz is offline   Reply With Quote
Old 09-26-2017, 05:32 PM   #12
Recycles dryer sheets
97guns's Avatar
 
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 248
Quote:
Originally Posted by razztazz View Post
BigCharts shows BDCL shows data going back only as far as 2012. It is currently down 30% from that time but at one time was down 60%

MORL looks like it goes back to 2013 and is currently down 25% from then and was down 66% at one time. Doesn't look like capital preservation I don't care what the div payout is.


That's why I'm looking for insight on these issues, I only saw the charts to 2012 and 2013, I figured that's when they started, didn't realize they go back further
__________________
Fired at 39 in 2009 with less than $300k in total net worth, current net worth 1.7mil
97guns is online now   Reply With Quote
Old 09-26-2017, 05:37 PM   #13
Recycles dryer sheets
97guns's Avatar
 
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 248
How about REML?
__________________
Fired at 39 in 2009 with less than $300k in total net worth, current net worth 1.7mil
97guns is online now   Reply With Quote
Old 09-26-2017, 05:39 PM   #14
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 2,862
Quote:
Originally Posted by 97guns View Post
That's why I'm looking for insight on these issues, I only saw the charts to 2012 and 2013, I figured that's when they started, didn't realize they go back further
Too risky for me. I am going for the safety of the Roulette wheel.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline   Reply With Quote
Old 09-26-2017, 05:47 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Midwest
Posts: 1,498
Quote:
Originally Posted by 97guns View Post
How about REML?
BigCharts shows it's only been around since mid 2016. Currently up 28%. Woopee. Personally I wouldn't touch any of these with a 10 foot pole. Boom-crash-boom-crash-boom-crash. Maybe in a few years they will find their sea legs and steady out.

I once took a seminar in stock market investing (a jillion yrs ago) I remember they guy saying when a company pays an outsized dividend it's because nobody wants to buy their stock. Basically ya gotta bribe people to by it.

Now these are ETFs. Maybe there's something else going on behind the green door that makes it all make sense. Nevertheless, with these kinds of dividends ..... The things that make you go "hmmm...?"
__________________
razztazz is offline   Reply With Quote
Old 09-26-2017, 06:36 PM   #16
Recycles dryer sheets
97guns's Avatar
 
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 248
Quote:
Originally Posted by razztazz View Post
BigCharts shows it's only been around since mid 2016. Currently up 28%. Woopee. Personally I wouldn't touch any of these with a 10 foot pole. Boom-crash-boom-crash-boom-crash. Maybe in a few years they will find their sea legs and steady out.

I once took a seminar in stock market investing (a jillion yrs ago) I remember they guy saying when a company pays an outsized dividend it's because nobody wants to buy their stock. Basically ya gotta bribe people to by it.

Now these are ETFs. Maybe there's something else going on behind the green door that makes it all make sense. Nevertheless, with these kinds of dividends ..... The things that make you go "hmmm...?"




Im not persuaded but will give more thought and research more, still seeking double digit yields. I was thinking of going with 5 issues at 20k a piece but now with your scare tactics I'm now thinking more like 6 or 7 at 10-15k a piece. I am a little more risk tolerant with this money, I view it as playing with house money, its money accumulated from rental income
__________________
Fired at 39 in 2009 with less than $300k in total net worth, current net worth 1.7mil
97guns is online now   Reply With Quote
Old 09-26-2017, 09:59 PM   #17
Recycles dryer sheets
 
Join Date: Jul 2013
Posts: 292
A friend of mine retired in 1999 as part of an early retirement package. The company gave them a few months pay and dropped some of the early retirement age penalties on the pension calculation. It was not a bad deal, if you were close to retiring anyway.

He shared with me the secret: "Anybody can make 15% in the market!"
__________________
Clone is offline   Reply With Quote
Old 09-28-2017, 10:44 AM   #18
Recycles dryer sheets
97guns's Avatar
 
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 248


Picked up my first 4 issues this morning, 18% average dividend yield
__________________

__________________
Fired at 39 in 2009 with less than $300k in total net worth, current net worth 1.7mil
97guns is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Just finished my taxes - ACA shotgunner FIRE and Money 6 02-20-2015 12:53 PM
Just About Finished beowulf Hi, I am... 5 01-11-2012 11:33 AM
Ignorance in accumulation phase "compounded" in decumulation phase nun FIRE and Money 87 05-30-2011 11:00 AM

 

 
All times are GMT -6. The time now is 09:17 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.