Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
Share
🤯 MAJOR Milestone!
Published about 4 hours ago • 3 min read
Here's your weekly helping of interesting investing information and insights.
Opinion
This week we hit a major milestone as our net worth crept past the $1,000,000 mark. That includes all assets like investments, savings, home equity and kids 529 college funds. We shared nine things that helped us achieve seven figures in a very quick VIDEO.
What wasn't shared was that literally nothing changed in our lives from a month ago other than numbers on a screen. When I told my wife we were millionaires, she said "That's hot" and went back to getting dinner ready for the family.
Anyways, it's just a milestone, and the next one is much more important. That would be a $1,000,000 investment portfolio that belongs only to my wife or myself... and we're about 56% of the way there as of this writing.
Amplify CWP International Enhanced Dividend Income ETF (IDVO)
IDVO has crushed SCHY with 22% annualized returns since 2022 versus just 7%, but is the higher-yield covered call strategy sustainable over decades, or will SCHY's rock-bottom 0.08% expense ratio and dividend quality ultimately win? This deep-dive research compares two popular international dividend ETFs to help you decide which deserves your long-term dollars—exploring hidden return-of-capital issues, tax efficiency tradeoffs, and why your account type (taxable vs. Roth) should drive your decision.
My take is that IDVO is an excellent complement to SCHY in the Roth because the tax inefficiencies that hurt IDVO in taxable accounts completely disappear, letting me benefit from its 6% yield and superior returns alongside SCHY's dividend quality. I'm considering a 70/30 or 60/40 split between the two in my ROTH.
Quote I'm Thinking About
"The idea that I could see what no one else can is an illusion. All of us would be better investors if we just made fewer decisions." -Daniel Kahneman
Fund manager and author Gautam Baid was on talking billions and as always is very thought provoking... including his wonderful explanation of convex and concave compounding, which is why the winners can easily makeup for the losers.
Jonathan Clements was a personal finance columnist for 30+ years and died of cancer in September 2025. But before he departed, he stopped by WEALTHTRACK and talked about the process of dying and his final financial actions.
Disclaimer: This is not investment advice. Do your own research before making any investment decisions.
😁THANK YOU to all who responded to the last newsletter!!
I use Seeking Alpha to research stocks and find new investment ideas and right now they're offering $30 off Premium!
Premium: $269/year (save $30) + 7-day free trial
Get access to stock ratings, data-driven insights, and institutional-grade research tools.
*This is an affiliate offer, and I will receive a small commission at no additional cost when you buy a premium annual subscription after clicking the image above.
Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
Here's your weekly helping of interesting investing information and insights. Opinion Everyone's losing their minds over the Venezuela situation, but here's where I'm at after doing a little digging: Venezuela supplies about 1% of the world's oil. The global market is oversupplied right now. Gas prices here in Illinois are at a 5-year low. So no, I'm not panicking about what this means for my wallet or my daily life. Will the capture of Maduro have consequences? Sure. Are those consequences...
Here's your weekly helping of interesting investing information and insights. What I'm Reading SCHD's Dividend Growth Formula Is Broken (For Now) SCHD used to crush other dividend funds, but it's been struggling lately—if you own it or are thinking about buying it, this article explains what went wrong and whether you should sell or buy more. Normally requires a paid SeekingAlpha subscription - I'm gifting you FREE access! Quote I'm Thinking About "Everything's amazing and nobody's happy." -...
Here's your weekly helping of interesting investing information and insights. What I'm Reading Uber: Headline Volatility Creates Chaos, But I'm Loading Up With Conviction Uber Technologies (UBER) stock dropped 12% on fears about self-driving cars from Waymo, owned by Alphapet (GOOGL) and Tesla (TSLA), but this analyst (and myself) think the market is overreacting and sees Uber rising 40% to $110 per share by 2026. Uber is partnering with multiple robotaxi companies instead of competing...
