61-Year-Old Earning $130,000 in Dividends Shares Top 6 Stocks, Says ‘Biggest Mistake’ Was Holding Cash, Selling Stocks

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

61-Year-Old Earning $130,000 in Dividends Shares Top 6 Stocks, Says ‘Biggest Mistake’ Was Holding Cash, Selling Stocks

61-Year-Old Earning $130,000 in Dividends Shares Top 6 Stocks, Says ‘Biggest Mistake’ Was Holding Cash, Selling Stocks

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Dividend investing took a ********* when investors started focusing on tech growth stocks amid the AI ***** following the launch of ChatGPT. However, the inflation crisis and volatility in AI stocks have put

This is the hidden content, please

• Sign In
• or
• Sign Up

back on investors’ radar. JPMorgan said in a recent report that

This is the hidden content, please

• Sign In
• or
• Sign Up

are recovering as big tech companies mature. Global dividend growth has outpaced earnings growth in seven of the last eight quarters, according to the bank’s analysis.

A few days ago, someone asked r/Dividends — a

This is the hidden content, please

• Sign In
• or
• Sign Up

community with over 650,000 members — how much investors in the community were making per month from their dividend stocks. The question received hundreds of comments with many interesting income reports and stories. One particular comment caught our eye.

Don’t Miss:

An investor, 61, said he was making $130,000 in dividend income and interest. He retired at the age of 54 and built wealth by focusing on growth stocks in his early years.

“Dividends are a result of growth typically in mature companies. They are not wealth builders. Let me repeat this. Growth is the driver. Dividends are merely a transfer of company earnings to your pocket book. Your cash goes up and company stock goes down. That is a net ZERO transaction. You don’t see the drop as dividend isn’t big and masked by all the other transactions. Furthermore the stock recovers and goes higher if there is growth,” he said.

The investor said his biggest goal is “preservation of capital” while earning passive income from dividends and interest was his secondary objective. He also warned young investors not to give in to the fear of recessions and stay invested in stocks.

Trending: ‘Scrolling To UBI’ — Deloitte’s #1 fastest-growing software company allows users to earn money on their phones.

This is the hidden content, please

• Sign In
• or
• Sign Up

“My biggest mistakes in hindsight is selling some stocks and holding cash a couple times expecting downturn. Note I always remained about 70% in equities at low point, which is now. Market moves up most of the time, but there are events that crush values. Thing is to stay in. If you get out then it becomes harder to get conviction to get back in and investors miss the run up,” he said in a comment on a separate discussion on

This is the hidden content, please

• Sign In
• or
• Sign Up

about a year ago.

Story Continues

Let’s take a look at some of the key dividend stocks in the investor’s portfolio.

Schwab Value Advantage Money Fund

The Schwab Value Advantage Money Fund (NASDAQ:

This is the hidden content, please

• Sign In
• or
• Sign Up

) was among the biggest holdings of the investor collecting $130,000 in dividends and interest annually.

“Young is when you go aggressive with strong growth companies. SWVXX is retirement or just holding cash to put into use when you think is all clear. You can’t get emotional. They go up and down. If you can’t stay level headed on the down don’t invest,” he said in a comment about a year ago while advising a young investor on

This is the hidden content, please

• Sign In
• or
• Sign Up

.

The fund is suitable for those looking for a stable, secure place to park their cash. It has total assets of about $220 billion and yields over 4%.

Trending: Commercial real estate has historically outperformed the stock market, and

This is the hidden content, please

• Sign In
• or
• Sign Up

Ares Capital Corporation

With a dividend yield of over 8%, business development company Ares Capital Corporation (NASDAQ:

This is the hidden content, please

• Sign In
• or
• Sign Up

) was among the top high-yield stocks in the portfolio.

Over the past year, the stock is up 13%.

Prudential Financial

Prudential Financial Inc. (NYSE:

This is the hidden content, please

• Sign In
• or
• Sign Up

) is a financial services company offering insurance and investment management products. The stock has a dividend yield of 4.2%. In November, Evercore’s Thomas Gallagher said that while most life insurance companies would benefit under the Trump administration, those with significant non-US businesses like Prudential Financial, among others, could be negatively impacted amid a stronger dollar.

Blue Owl Capital 

Blue Owl Capital Corp. (NYSE:

This is the hidden content, please

• Sign In
• or
• Sign Up

) is a business development company. Recently, the company’s shareholders approved all proposals related to its merger with Blue Owl Capital Corp. III (NYSE:

This is the hidden content, please

• Sign In
• or
• Sign Up

).

See Also: Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die.”

This is the hidden content, please

• Sign In
• or
• Sign Up

AbbVie

AbbVie (NYSE:

This is the hidden content, please

• Sign In
• or
• Sign Up

) has increased its dividends without a break for over 50 years. According to Benzinga Pro, the stock yields about 3.7%. In December, BofA started covering AbbVie with a Neutral rating and a $191 price target.

Meta Platforms

Meta Platforms (NASDAQ:

This is the hidden content, please

• Sign In
• or
• Sign Up

) was a low-yield dividend stock in the portfolio. The investor said he had several growth stocks in his portfolio, including Meta, even during his retirement because “preservation of capital” was his goal.

Lower interest rates mean some investments won’t yield what they did in months past, but you don’t have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities.

This is the hidden content, please

• Sign In
• or
• Sign Up

, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds,

This is the hidden content, please

• Sign In
• or
• Sign Up

Looking for fractional real estate investment opportunities? The

This is the hidden content, please

• Sign In
• or
• Sign Up

features the latest offerings.

This article

This is the hidden content, please

• Sign In
• or
• Sign Up

originally appeared on

This is the hidden content, please

• Sign In
• or
• Sign Up

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This is the hidden content, please

• Sign In
• or
• Sign Up

#61YearOld #Earning #Dividends #Shares #Top #Stocks #Biggest #Mistake #Holding #Cash #Selling #Stocks

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up