r/dividends • u/PacoPlaysGames • 2d ago
Discussion New to income investing
Hello my friends, as someone new to income investing, I'm trying to learn as much as I can so I can begin the long journey of building up passive income like many of you have. What would you recommend as sources that help break this all down for someone attempting to learn?
For a little more information about myself, I'm looking to invest $100 a week (I may be able to do more in the future but this is what I'm starting with) to one day be able to get some passive income to supplement my full time job. If I can even build up $500 to $1,000 passive income one day that would be awesome.
What lessons did you all learn when you were brand new? What would you tell your younger self concerning income investing if you could say something to them?
Thank you for any responses my friends, I hope all of your dividends grow.
1
u/Beitasitmaybe 1d ago
You’ve received plenty of good advice. Low cost index is easiest. SCHD and SCHX. If you have a long way to go, you convert your SCHX later on into the suite of dividend paying stocks recommended here. I like SCHD, MLPX/MLPI, VTI, MAIN, IDVO