01-08-2022, 04:28 PM
(01-08-2022, 11:40 AM)fenders53 Wrote:(01-08-2022, 11:10 AM)cemanuel Wrote: I have a big payer each month of the cycle.I think my initial plan is going to be $5K cash slush and take a brokerage payment quarterly. If that doesn't work almost all the time I probably miscalculated the budget and I'll adjust. That said when I get bored I'll probably grab a higher yielder that pays on an off month. I probably get 75% of my divs in four months. Every quarter of course.
1/4//7/10 - MO
2/5/8/11 - ABBV (traditionally my largest paying cycle)
3/6/9/12 - LYB
Helps smooth some of the variability out but as you say, quarterly seems the better way to manage it.
Quarterly draw just seems easier though as almost all my stocks pay quarterly and the monthly don't matter as it's smooth.
RIO is my only semi-annual payer; it pays in March & September. Assuming I still have that when I'm retired I'll view it as my bonus. It is variable so you can't budget against it anyway.
Let's see; what are my biggest quarterly payers? Checking ...
1/4/7/10 - CIM
2/5/8/11 - HTGC
3/6/9/12 - ARCC (my largest pay cycle; esp 3 & 9 because of RIO, but also because AVGO is there as well)
Right now E*Trade thinks QYLD is my biggest monthly payer because it is taking its stellar December and estimating it for every month going forwards, but I'm sure OXLC is in actuality the biggest over the stretch of a year. Oh hey look I found a bug in their software; they aren't including OXLC's estimated dividend for February; maybe because February only has 28 days?