Monthly Dividend
This script allows you to quickly estimate your monthly income based on the dividend payout and the number of share.
版本注释:
cleaning up junk.
版本注释:
Updated to add weekly income from stocks that pay each quarter
版本注释:
Optimized script to illustrate the concept of "cross-asset DRIP" on monthly dividend stocks.
Rather than reinvesting a dividend back into the stock that paid the dividend, you use the income to invest either on spot (this example) or into protective options such as long dated puts or long dated calls (leaps).
The goal here is to protect your wealth against slow growth and depreciation by diversifying your income as recursively as possible.
In this example:
You'd start in an IRA account with level 2 options and buy enough shares in a single monthly dividend stock.
This monthly dividend should provide you will enough income to buy 100 share in a different stock, every month, and starts a "recursive investment strategy".
For example, buying 25,000 shares in USO for 146k or 35,000 in QYLD for ~$633k and earn a monthly income ~5k per month.
The first month, you'd buy 100 shares in a stock that pays out every month on the first week (Or alternatively you could buy 100 shares in week 2,3 and 4 and pocket the whatever is left for either personal spending or options plays on growth stocks).
The second month, you'd buy 100 shares in a stock that pays out on second week.
The third month, you'd buy 100 shares in a stock that pays out on third week.
The fourth month, you'd buy 100 shares in a stock that pays out on fourth week.
By the end of Q1, you should ideally now have enough passive income every week to buy a share atleast one stock or ideally each stock.
The purpose of buying 100 share or more is to allow you to sell covered calls during a bear market and allow you to protect you're investment rather than buying and holding like some amateur....
Although I use monthly dividend stocks as an example it would be best to use 4 stocks for each week that pay out quarterly, however trading view doesn't allow that many requests so this is the best I can make...
Rather than reinvesting a dividend back into the stock that paid the dividend, you use the income to invest either on spot (this example) or into protective options such as long dated puts or long dated calls (leaps).
The goal here is to protect your wealth against slow growth and depreciation by diversifying your income as recursively as possible.
In this example:
You'd start in an IRA account with level 2 options and buy enough shares in a single monthly dividend stock.
This monthly dividend should provide you will enough income to buy 100 share in a different stock, every month, and starts a "recursive investment strategy".
For example, buying 25,000 shares in USO for 146k or 35,000 in QYLD for ~$633k and earn a monthly income ~5k per month.
The first month, you'd buy 100 shares in a stock that pays out every month on the first week (Or alternatively you could buy 100 shares in week 2,3 and 4 and pocket the whatever is left for either personal spending or options plays on growth stocks).
The second month, you'd buy 100 shares in a stock that pays out on second week.
The third month, you'd buy 100 shares in a stock that pays out on third week.
The fourth month, you'd buy 100 shares in a stock that pays out on fourth week.
By the end of Q1, you should ideally now have enough passive income every week to buy a share atleast one stock or ideally each stock.
The purpose of buying 100 share or more is to allow you to sell covered calls during a bear market and allow you to protect you're investment rather than buying and holding like some amateur....
Although I use monthly dividend stocks as an example it would be best to use 4 stocks for each week that pay out quarterly, however trading view doesn't allow that many requests so this is the best I can make...