Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"): armchairincome.link/snow
@avertactivity9644 ай бұрын
Another note on VIASP: I just learned that the Preferred shares can be "called back" by issuer upon term end (5 to 10 years) and in VIASP's case, inception was 2017, so its liable to have a call back in 2027 which would result in a taxable event (capital gains, long or short based on how long you've held obviously). So, it's not a buy and go back to sleep holding, just something to consider if you're looking to have a low involvement retirement holding or are trying to avoid "ordinary income" in your portfolio. Another great video! 👍
@danstevens644 ай бұрын
My dad retired at 65 and passed away one month later unexpectedly from a health issue that was completely avoidable. Not only do many of us not make it until the end, some reach the finish line but don't get to enjoy it for long. Sorry to hear about your parents.
@armchairincomechannel4 ай бұрын
Sorry to hear about your dad. That scenario is heartbreaking. My mother passed away in her 50's shortly after retirement and it was bitter sweet. On the one hand, she was able to reach her goal, but on the other hand, only enjoy it for a brief time. We have to make the most out of each day.
@JG-DivMan4 ай бұрын
Tomorrow isn't guaranteed. Not advocating rampant irresponsibility, of course, but do those things you've dreamed of. Do them now. Don't wait.
@armchairincomechannel4 ай бұрын
Couldn't agree more.
@mac417764 ай бұрын
Thanks for sharing your Journey.
@armchairincomechannel4 ай бұрын
My pleasure. If I watch more than a couple of videos on a channel, I want to know what their deal is :)
@finwest4 ай бұрын
What an honor to have my inquiry covered right out of the box in your QnA! 🙏 I appreciate you sharing your personal life journey here. (I kept eyeing that food… I’ll be there in 2 more weeks! 🇻🇳)
@armchairincomechannel4 ай бұрын
Thanks for asking a good question! I tried not to eat all the food in Vietnam but I can't make any promises....there may be some left for you :)
@uansam34394 ай бұрын
What a life you have!!! Thank you for sharing your passive income knowledge.
@armchairincomechannel4 ай бұрын
I'm grateful for every day. Thanks for watching.
@enricomonesi58564 ай бұрын
Informative as usual..........excellent food for thought 😊
@armchairincomechannel4 ай бұрын
Thanks, as always, for watching and commenting :)
@Dividendflywheel4 ай бұрын
Seamless presentation. You have become a pro. Agree @6:35 a referral from an accountant is CORRECT! I am long OKE (had a full position before pandemic) and my yield on cost is sweet. Question for you. If your starting yield was 14% why sell? Your starting yield & yield on cost is what matters (unless there’s a dividend cut). Did I miss something on the strategy? I wish I bought KMI when it was yielding above 10%. Spring Rolls enjoy
@armchairincomechannel4 ай бұрын
Thanks for your encouraging feedback. Trying to improve with one step at a time. The short answer to your question is opportunity cost. I'm focused more on current yield than yield on cost. I sold OKE because I found better income opportunities elsewhere. OKE is a great company.
@DG-rp9tb4 ай бұрын
No wonder your accent doesn't sound American ! Hello from Fellow Australian !!!! 😄 Unluckily we don't have good covered call or income investing options in Australia thanks to Franking Credit non-sense, I am now thinking to go into US market primarily DIVO, FEPI and third one is difficult to work out which one is better SPYI or SPYT 🤔
@armchairincomechannel4 ай бұрын
G'day. Investing in Oz is extremely limited. SPYT is too new for me to consider....need more data! Interactive Brokers is good for investing in the US as a foreigner.
@SummitMan1654 ай бұрын
Thanks for sharing your journey ! Another good arm chairing video !😎😎😊😊
@armchairincomechannel4 ай бұрын
Glad you like it, thanks for letting me know. I appreciate your feedback!
@DP520014 ай бұрын
Yay! So great to see you!!!
@armchairincomechannel4 ай бұрын
Thanks for watching and taking the time to let me know :)
@DP520014 ай бұрын
All good sir! My only issue is that you don’t post more…remember, life should be about quantity, not quality…I’m joking of course…keep doing what you’re doing - truly the best channel on investing and finance on KZbin! Enjoy your spring rolls and thank you again for all you do! 😊😊😊
@AnthonySpackman4 ай бұрын
Terrific video, the food looks good to.
@armchairincomechannel4 ай бұрын
I didn't want them to deliver it while filming so it had to sit there...smelling so delicious....a bit distracting but it made me enjoy it all the more as soon as I was done!
@hansschotterradler37724 ай бұрын
I actually started buying ARE over the past few months. Officially an office REIT, but they are specializing on laboratories/life sciences. That's not really an industry where remote work is an option.
@armchairincomechannel4 ай бұрын
That's an interesting one. Fantastic dividend history since 2009. As you say, very different from traditional office.
@fedcba8104 ай бұрын
When to sell😊great advice I can learn from you. ENJOY YOUR SPRING ROLL😋
@armchairincomechannel4 ай бұрын
Glad it was helpful. Spring rolls were so yummy!
@KCInferno4 ай бұрын
Thanks for sharing. Hope that food was good. It looked good.
@armchairincomechannel4 ай бұрын
It disappeared in a few minutes :)
@ClintonSiegel4 ай бұрын
Thank you ! Love and appreciate the Q&A's. What is your criteria for buying? I have been waiting to buy QQQI since Jan. but find myself waiting for the market to correct. However I have missed out on 3 months of income. Would love to hear your logic on timing purchases (if any). Thank you again and safe travels.
@spooler244 ай бұрын
Some person with more knowledge than me told me that "time in the market is better than timing the market."
@armchairincomechannel4 ай бұрын
Thanks for your feedback! I'll give your suggestion some thought. In general I don't think about timing the market (buy or not buy). I buy every month regardless of the market cycle, and I'm looking for whatever is the best deal on my shopping list.
@ClintonSiegel4 ай бұрын
@@armchairincomechannel Ok, got it! Thank you! If you have not made this video yet, the criteria and logic you use to determine 'Best deals' each month would be great to watch.
@citizenoftheyearCC4 ай бұрын
Tough to hear about your parent's passing so early! I have never been on a cruise before....but been thinking about a Single's Cruise 👀
@armchairincomechannel4 ай бұрын
Thanks COTY. It changes your perspective. Cruises aren't for everybody but a singles cruise should deliver on the premise :) If you want some cruising tips, let's catch up soon.
@SummitMan1654 ай бұрын
After sharing your past, maybe share how do you occupy your day to day ? As a entrepreneur enjoying my job (chicken growing and retail marketing on farm ) laying on the workaholic side, I have hard time imagining myself to retire early. I should retire early because at 48, my wife having 63 this week, I may be “pulled in “ retirement sooner than I originally thought. Your POV would be helpful
@armchairincomechannel4 ай бұрын
It's different for everybody. I'm passionate about travel, so retirement allowed access to more places. While working I could only visit places near airports because I had to rush back to work. I've always wanted to visit Italy and it wasn't until retirement that I was able to do that...and I absolutely love it! The more I travel, the more I want to explore. There are a lot of amazing places you don't know about until you travel. I've spent more time on improving my tennis game (which also keeps me healthy), researching investments, exploring the mountains of Northern Thailand by motorbike (I didn't ride a motorbike until I retired). I'm also met others with similar lifestyles, and when we meet socially we aren't in a rush. I've also enjoyed learning the skills associated with my channel...how to shoot, how to edit, graphic design, etc. I have a lot of ideas for the future of the channel and I'm excited to work on them. In general, I'm busier than ever :)
@SummitMan1654 ай бұрын
@@armchairincomechannel very interesting POV! Thanks for sharing ! I think I will adapt one day when I’ll feel more ready. I think it will be a gradual journey toward my kind of retirement !
@HopeToProsper4 ай бұрын
I have always been a growth investor, but I'm really interested in diversifying into Income investing. Thanks for all the great advice in your videos.
@armchairincomechannel4 ай бұрын
Growth investing is the best way to accumulate wealth! When it comes time to pay the bills, I think income investing has a place...in at least part of a portfolio. Glad you find it helpful!
@mikejohnson90214 ай бұрын
I have a similar story but kind of in a different order. Did the higher paying job then dad died, had a cancer scare, and took a job teaching part time overseas so I could travel. Kept my house in the US and value exploded during covid. Sold it and bought nasdaq indexes when they were down. Now sitting on enough money where I will probably just retire (we're looking at Malaysia). I have a wife and child now so need a decent chunk, but curious if you had a ballpark figure of how much money you'd want in investments to retire. Don't know if you're single, married, or have kids, but I could extrapolate. We were just in Da Nang last winter so I have a decent idea of the living expenses. Great area now but international schools there are expensive.
@armchairincomechannel4 ай бұрын
Sorry to hear about your dad. A cancer scare gives you a lot of perspective on what's important in life. I don't have kids but have heard that international schools are expensive (but many of them are fantastic). That's probably going to be your biggest expense. Everything else is cheaper! Danang is a good example of living expenses. Hard for me to give you numbers because it depends on your background and taste. Also depends on whether you need a car, because that's a major expense that many people can avoid. In round numbers, rent of $500-$1,000/month gives you plenty of nice options. I recommend doing some long stay trips in Malaysia and any other countries you're considering. A major factor is the people. There are plenty of friendly cultures in SE asia and its matter of picking your favorite. Also, weather is a big factor. I like Danang Feb-May, but not the rainy months. I like Northern Thailand May - Feb. I suggest spending time in your intended destination during the least popular months to make sure the heat/rain/etc doesn't bother you. The investment amount is a complicated question. If you're an income investor, you could take your estimated expenses, then divide into a 6 or 7% yield, then add a cushion for emergencies. Chiang Mai is wonderful in Nov/Dec, make sure you check it out :)
@mikejohnson90214 ай бұрын
We liked Chiang Mai a lot 10 years ago or so, but went there maybe 5 years ago and it had changed a lot. Maybe it's changed a lot again. Our favorite place as a home base would probably be Melaka in Malaysia. Cheap, lots of different food, very convenient place to live. Your figures sound similar to what we've been thinking. Just have to make that next step. Hard to quit when you have a decent setup, lots of vacation, and your investments are growing. You could always use more money, and what's another year or two, right? I'm sure we'll be fine once we take the plunge, but that first step is always a little difficult, even having done something similar before a few times.
@Michael-nq4ek4 ай бұрын
Great video. Long and healthy life for you
@armchairincomechannel4 ай бұрын
Thanks, and I wish the same for you :)
@momdittomomditto77054 ай бұрын
Thanks for answering those questions! Another entertaining video that also helps to educate. Sorry to hear about your parents.
@armchairincomechannel4 ай бұрын
Thanks for your kind thoughts, and glad you enjoyed the video!
@glennrhodes1585Ай бұрын
How affordable is Vietnam? Can you share some of your monthy expenditures, rent, food, etc. (excluding recreational activities)? Thanks and enjoying your videos!
@armchairincomechannelАй бұрын
I was there for 2 months and found it quite affordable. If you eat local food then the cost is about $300/month. If you eat Western food, about $700/month. You can rent a small basic condo near the beach for about $500/month or a more luxurious one for about $1,000/month. Rideshare is ridiculously cheap...about $3-5 per ride to go anywhere in Danang.
@glennrhodes1585Ай бұрын
@armchairincomechannel Wow! Amazingly inexpensive. No property taxes, utilities, insurance, car payments, or maintenance! I assume personal safety is no more issue than here in the States? Thanks for your reply.
@Steverino704 ай бұрын
Enjoyed the video.
@armchairincomechannel4 ай бұрын
Thanks for taking the time to comment! Glad you enjoyed it.
@Jeguia854 ай бұрын
I love Cruises, funny how I’ve always thought of working on a Cruise as a retirement job 😅
@armchairincomechannel4 ай бұрын
I've never worked so hard as I did on a cruise ship. Morning until night and no days off!
@porsche6054 ай бұрын
Thank you very much for creating the video. It is very helpful. I am thinking of retiring overseas as well, but one thing that I struggle with is how to maintain a mailing address in the USA for: Credit cards Bank accounts Brokerage accounts IRS Any help or suggestions on how you solved this would be appreciated. Thank you.
@armchairincomechannel4 ай бұрын
Easy. Use travelingmailbox.com for mail. They can forward credit cards and ATM cards to any country. You can open bank accounts in some but not all foreign countries. You ca maintain your US brokerage accounts and withdraw cash via ATMs. Use a Schwab account to avoid all ATM fees. Filing taxes with the IRS is no problem, but you will need to disclose foreign bank accounts on a separate form.
@finwest4 ай бұрын
Exactly. I put in a change of address at the post office and then slowly migrate my mail to a virtual mailbox I’ve subscribed to. It’s rather cool…get email notification of new mail, login to your account to see what’s there, mark important items to be forwarded to you, or junk mail to be trashed, or miscellaneous pieces to be held for pickup when you make periodic returns to the homeland.
@Baron19754 ай бұрын
Only hold PFF, parts clerk Mack Truck USA.
@armchairincomechannel4 ай бұрын
Thanks for sharing. I like preferred stocks too.
@J_International4 ай бұрын
The quesiton I need answered is, Where can I get Vietnamese food like that in Thailand?
@armchairincomechannel4 ай бұрын
Haha. I haven't found it there, but surely somewhere in BKK there's some decent Vietnamese!
@Asstronauts934 ай бұрын
What do you do if you need more money than your income can give you quickly
@armchairincomechannel4 ай бұрын
If there was an emergency need that exceeded the cash in my bank I'd use a credit card, or sell a fund with low volatility. That hasn't happened yet, but it's best to be prepared for it.
@muzzy12534 ай бұрын
Great video. I am retired now as well and rely on my dividends to support my retirement as well. SPYI, JEPQ, FEPI so far. What are your thoughts about FEPI and the most recent drop in the dividend payout? I know it is a new ETF, but the monthly dividend and their market approach is appealing to me so I do have a small percentage of my portfolio here. What are your thoughts?
@armchairincomechannel4 ай бұрын
Thanks for your feedback; glad you liked it. Still early days for FEPI. I have a small allocation to it but am waiting to see how it performs before allocating more. The recent distribution shift was small and its currently yielding approx 25%. If it stays in that ball park without NAV erosion it would be an appealing hold.
@josephbscott83504 ай бұрын
I am also retired, and focused on income investing. Are portfolios closely match each other. I am seriously researching relocating to southeast asia. I would love to hear more About your experience relocating there.
@armchairincomechannel4 ай бұрын
Welcome to the club. My only regret is not moving to SE Asia sooner. Join our community and we can chat in more detail. We'll also do a meetup in Bangkok later this year.
@CJandoli3 ай бұрын
Why sell OKE when the yield went lower? YOUR yield on cost remained unchanged, no?
@armchairincomechannel3 ай бұрын
My yield on cost was good but I don't use that number when deciding whether to sell. I'm more interested in what's happening today, than what I paid in the past. I sold because the current yield dropped below what I'm looking for, and there were other opportunities with similar risk, paying higher yields. In other words, I took my gains and put them to work earning a higher rate of income. The result was a higher monthly income. All other things being equal, if I can increase my income without increasing my risk, I'll make that move.
@ROCO-n5r4 ай бұрын
Thanks a lot
@armchairincomechannel4 ай бұрын
Most welcome. Thanks for watching :)
@streetpilot7754 ай бұрын
Another great video A.I. Do you have specific parameters for your asset allocation or do you just try to keep them all equally weighted?
@armchairincomechannel4 ай бұрын
Thanks, glad you enjoyed :) I don't have a strict asset allocation model (although that's a good idea). High yield income investments aren't evenly spread across all sectors of the economy. There's a weighting toward financial, real estate, etc. Generally, I just try to diversify as much as possible between asset types.
@stan77574 ай бұрын
IMO, very few financial advisers are worthwhile. My wife used a couple and they never made money for her. Most do it for the fees and really don't care about the people they serve.
@armchairincomechannel4 ай бұрын
You can't just assume they will deliver great results. A referral is usually best.
@FI-Beauce4 ай бұрын
Such a nice A7 Audi!!!
@armchairincomechannel4 ай бұрын
It was an S7, and I love Audi too :) I test drove the RS7 and...it would have landed me in jail!
@coolcatcatcat3 ай бұрын
hi sir it's remarkable video and are you have facebook or other platform to update on diet operate ?
@armchairincomechannel3 ай бұрын
Thank you! You're welcome to join the newsletter. Here's the link: armchairinsider.beehiiv.com/subscribe
@GregK2354 ай бұрын
Thank-you for sharing your story and for answering questions. I'm planing to move overseas in the next two years. Most of my brokerages won't service expats; so, looking for a US brokerage that will. Any suggestions?
@AmeriGlobal4 ай бұрын
I second that. Brokerage for expats question.
@armchairincomechannel4 ай бұрын
It depends on your citizenship. If you're a non-US citizen, then Interactive Brokers is a good option. If you're a US citizen, then Etrade and Schwab are OK for now but there's no guarantee they'll remain that way. I suggest changing as little information as possible with them (or whoever you use). In other words, retain a US address via a relative or virtual mail service. I suggest travelingmailbox.com. Also retain a US phone number. If you can add a foreign phone number, that's OK, but don't make it your primary number.In other words, try to stay as "American" as possible. The mail service I suggested can forward ATM cards, credit cards, etc to any country when needed. Set all mail options to "digital" at your brokerage. I also suggest having at least 2, perhaps 3 brokerages. That way, if you have an account shut down, you will stay be able to trade, bank, etc for more than half your assets, while you spend a couple of weeks moving your stocks. If you have any further questions, join the community for more detailed answers.
@AmeriGlobal4 ай бұрын
@@armchairincomechannel Thank you. I'm an American from Virginia and my wife is Brazilian. I am going to save your detailed message. We would like to retire to Brazil in a few years. 🙏
@finwest4 ай бұрын
I want to highlight the comment about keeping an American presence; things are far easier! Also, I’ve learned no one company does everything perfectly so pick and choose various vendors for their strengths… Interactive Brokers, Schwab, and TastyTrade are the best.
@bozvin4 ай бұрын
i love youre work ! 😊❤ is QQQi a good ETF ???
@armchairincomechannel4 ай бұрын
"Good" depends on your goals, risk tolerance, etc. I hold QQQI because it provides the income I'm looking for. A growth investor would probably prefer QQQ.
@garythomas31504 ай бұрын
Are you not worried about the liquidity risk of PBDC? I really like it, but the liquidity risk makes me nervous. Good video! Thanks.
@armchairincomechannel4 ай бұрын
Not at all. In less than 2 years, it's assets under management has increased steadily to $77M. It's on track to surpass $100M soon and with only one portfolio manager, the overhead is probably small (ie easy path to profitability). Every fund starts at zero and has to grow or it will die. I would be concerned if it was an old fund and its size was shrinking. Regarding liquidity for trades, I suggest using limit orders. Having said that, my orders have been executed with minimal slippage.
@garythomas31504 ай бұрын
@@armchairincomechannel thanks!
@RaadYacu4 ай бұрын
Aussie!!! Nothing against yall
@armchairincomechannel4 ай бұрын
Yup! But I've traveled a lot, so I'm culturally a mixed bag.
@markthompson16944 ай бұрын
What do you think of FEPI
@armchairincomechannel4 ай бұрын
I made a video about FEPI....link below. It's very young but so far it has delivered on its strategy. kzbin.info/www/bejne/jX7LZWd3jtRqfK8
@blackrain34664 ай бұрын
Can you give your take on this new etf YMAX , personally I think its to risky even at the very high dividend!
@armchairincomechannel4 ай бұрын
NAV erosion for most of the YMAX funds (except the ones that have had massive gains in their underlying stocks) makes them a no go for me.
@blackrain34664 ай бұрын
@@armchairincomechannel My thoughts to , was just wanting your take, thxs
@Good-day-Diego4 ай бұрын
I am curious about your sale of OKE. While the current yield went down because of share price appreciation, your yield on cost didn’t really change. Was your idea to grab the appreciation profits and redeploy that capital?
@armchairincomechannel4 ай бұрын
Yes, you're correct. It's a matter of opportunity cost. If I was a growth investor, I would have considered OKE's potential upside. But as an income investor, I found other investments paying more than 7%, which increased my total portfolio income. I think of it more in terms of income than profits.
@aidamenzel24754 ай бұрын
Is the Audi A7 yours?
@armchairincomechannel4 ай бұрын
Close...it was an S7. I sold everything when I left the US. Love Audi!
@aidamenzel24754 ай бұрын
@@armchairincomechannel Wow nice.👍🏻
@CGAZ664 ай бұрын
Not sure if I would invest in PFFA its exp. ratio is allot @ 2.52 for an ETF. Why such A high exp. ratio? I am looking at individual ones in it instead Or a different ETF.
@armchairincomechannel4 ай бұрын
PFFA's management fee is 0.80%. Quite reasonable to manage almost 200 preferred stocks. The rest is interest. That's a given for a leveraged fund. When interest rates fall, so too will interest expenses for funds like this.
@Baron19754 ай бұрын
What's your monthly cost of living in Asia?
@armchairincomechannel4 ай бұрын
It depends mostly on how much I travel. Hotels and flights are my biggest expenses. I'm not going to get into my personal expenses, but you can rent a really nice place in most SE asian countries for $1,000 a month. There are plenty of channels that specialize in answering your questions though...(eg. Retired Working for You)