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.
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🤯 MAJOR Milestone!
Published about 2 months 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!!
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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.
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