What is “Passive Income Investing”? | My DIY Investing Strategy Explained - Make it your OWN!

[@joannapatterson4625]

I’m so happy I found your channel. Investing in the PII funds and currently the higher risk PII funds, 6-7 years have been shaved off my retirement date. I am working on a buffer right now (more income is better) but knowing that if I decided not to work, I could easily pay all of my expenses. Quality of life cannot be measured through returns. And BTW, if I can make more income somewhere else, I’ll take the opportunity. Thank you 🦋

[@jacquesfournier4616]

Hi Adrian, I am already retired (74) and PII investor. For now I do not touch the distributions, I reinvest all of it for when I will need a few thousand a month just for the pills 😏. Don't forget to tell those investors that when you are retired, your expense are also going down by at leat 30%...(cloths, restaurants, gaz and auto expense, for work only...etc...etc...). Being a PII is a no brainer, does not keep you up at night....and you don't really care about the capital fluctuting too much. I like the idea of PII and your work, and think it is suited for retired like me..Keep going in your work. 😁

[@prioritymaleman]

Good video thank you. Couple things. First, PII is an element of peace in my life. It contributes to a calmer demeanor, and allows me to detach from a lot of market stuff. Second, in the US, closed end funds are used by a lot of investors (I'm a huge fan of the Cornerstone twins...and they are almost twins in spite of what one guy on YT says...not PII Guy!). HOWEVER CEF's can plunge way faster than the market, and did in 2020 and past corrections/bad markets. THEN on top of that, many of them cut their dividends, so you get a double whammy. That's one reason I LOVE CLM and CRF. Just a caution from a seasoned older investor who has may scars from a lifetime of investing mistakes (and successes)... Jim in FL

[@terrycretney1094]

PII has significantly increased my income allowing me to 1) help one of my daughters with the rent on her apartment 2) increased our trip budget (which is really nice for those of us in our early 70’s 3) focus a lot less on what’s going on in the market on a daily basis 4) allowed me to significantly increase my charitable giving…just to name a few of the personal benefits I have enjoyed since going PII.

[@PassiveIncomeInvesting]

thanks for sharing buddy

[@mevanslondon]

@@PassiveIncomeInvesting Would be interested in hearing about your move to Panama. What were the tax implications, did you consider other off shore tax friendly locations, how difficult was the process, any tips or tricks, would you do anything differently given what you know now. Would make a cool video 😊

[@kristamead174]

What are some of the stocks that you invest in that PII has recommended

[@terrycretney1094]

@@kristamead174 HHLE, ENCC, HDIV, UMAX, HYLD, HMAX, BKCL, USCL, HTAE, BMAX, HBND

[@ShijiaJia-b9u]

I feel happier "focusing on now concept" even though in 10 years time the total return is lower than "Growth". So what, my life quailty and mentality become much better. Really appreciate your sharing and insights.

[@catherinedesilets8960]

It’s fantastic to have you explain this so well & to me it’s a breath of fresh air to set up to get the monthly income needed to be financially free ❤

[@169Tomh]

Thanks great explanation of the foundation of PII

[@andrewwalker9216]

What is wealth? Just a big bank account or the ability to live your life on your own terms-I’d rather be free from the confines of work than building a mountain of wealth I may never use.

[@theflightsimulationexperie6894]

Spot on

[@PassiveIncomeInvesting]

unfortunately most people its the big bank account :) , you know whats up buddy thanks for sharing! enjoy the freedom

[@davdride4850]

This is a great explanation of passive. I agree My self I prefer to buy and hold for ever. But sometimes I might have make a few changes. No thT big of deal. Passive income for me is keeping capital. And living on my interest /payouts / money working for me. I reinvest 10% of my payouts. It works for me if I can get 8% on a fund or more. Works for me thanks

[@aaronhall5715]

I'm currently really enjoying my passive investing journey, I do have a small concern of the long term sustainability of it but for now, enjoying seeing all the income coming in.

[@TheProjectOverload]

A great explanation of Passive Income Investing - I fall clearly into the hybrid (Growth & Income) category but I'm really liking the "realized" gains each month in the form of income.

[@PassiveIncomeInvesting]

Glad it was helpful! - thanks

[@codetwoAJ]

Excellent explanation of PII. Wish I would have focused on this strategy years ago vs capital appreciation.

[@p.c.h.6721]

Stopped watching the news a few years ago, best decision I’ve ever made, free from politics, crime, nasty stories and a bunch of misinformation. I’m FREE, great video Adrian 👍

[@PassiveIncomeInvesting]

yeah me 2. it was all a waste of time.

[@carloscouto3832]

I watch financial news everyday. Its like a comedy sitcom

[@TJ-Stackin]

PPI is cash flow is king 👍

[@fernandodoria8717]

Active Investing seemed very stressfull and a gamble in life. If I didn't find out about Passive Investing from you Adriano, I would have less income today and alot more stress in my quality of life! Grazie Tante!

[@PassiveIncomeInvesting]

prego

[@MarcGilbert-jd4tm]

Adrian has great information on PII. I am closing in on retirement, and my plan is to invest enough in high monthly dividend ETFs to pay my monthly bills, and invest the rest in growth ETFs.

[@pelletierma87]

can you name some of those Growth ETF

[@MarcGilbert-jd4tm]

At the moment, I like XLK, SOXX, QQQ, MOAT, and OMFL.

[@andresp.1774]

Here for the refresher course! Started PII in 2021... I can confirm, it's a game changer!

[@PassiveIncomeInvesting]

make it your own my friend :)

[@randalxu4889]

Great explanation on how PII works Adrian! To me PII means freedom. Ever since I became a PI, I am more relaxed at work and at home and market fluctuation no longer affects me. My newest hobby is updating my dividend tracking file every Friday. All thanks to PII and you, Adrian!

[@PassiveIncomeInvesting]

lol , i hope you have other hobbies as well ? hehe

[@randalxu4889]

@@PassiveIncomeInvesting, hehe, I do. 😁Especially now I do not have to watch the market 24/7, I got plenty of time to enjoy life.

[@169Tomh]

What are you using to track this is something I want to learn too I’m getting ready to retire and start this journey in PII thanks

[@Cards450]

Hi Adriano, Thank you for reminding me not to focus on the day to day news. It's true, who cares since we are long term investors 😂 Thanks for bringing to us your constantly positive attitude when we need it so much!

[@dwaynecunningham2164]

Great summary, King.

[@roncraft2042]

Like the new QQQY and JEPY … they are based on the two biggest stock based indexes. Diversified and high yield.

[@eliotness107]

Income investing is the only investing one can trust. You can never trust something to go up over the long term so i rather they just give me the profits right now instead of re-investing it into whatever they think will do well in the future. If you want growth, just re-invest that income into what YOU believe will do better in the future and take your own command, and once you need money you can just withdraw the income instead of re-investing it. Easy

[@Angela-mc3nq]

Very clear. Thank you!!

[@powerhouse884]

I am getting 2K passive dividend income and i started this in Feb 2023. I will definitely triple this by the end of 2024. 😊

[@PassiveIncomeInvesting]

nice keep going! the first 1k is always the hardest

[@ulomibao2623]

Thanks for sharing your thoughts and insights...been trying to copy your portfolio and been reaping income...happily and hoping FIRE soon.

[@PassiveIncomeInvesting]

You can do it!

[@tonycaputo2966]

Hi I have been watching you for just a short time, but have learned a lot, my question is I had approx 2000 shares of DGS , I made the mistake of selling it off, then made the mistake of purchasing DFN, live and learn I guess, I just feel like I am missing out on other options that are actually paying dividends… I am in a tight spot and I don’t want to sell yet because of the loss I Will realize, would you sell as soon as the the stock price is in the green and purchase something else. Or just keep it because it will eventually pay off. Thanks

[@PassiveIncomeInvesting]

its hard to ti answer without knowing several things , but im holding on to my DGS shares if that helps

[@tonycaputo2966]

Yes it does, I almost want to re-purchase the DGS back, but stupid me I have my money tied up in DFN… Now I wait

[@tonycaputo2966]

Just a quick question, is there any negative in purchasing DGS if I already have DFN

[@carloscouto3832]

Just the possibility of more missed distributions. 20% becomes 15% quickly with a few missed distributions. CC ETFs are better long term IMO. No special stocks in Split funds that aren’t in CC ETFs

[@likeicare300]

Hi Adrian, with the recent rise in Covered call etfs in US & Canada, my question is wouldn't the increase in supply reduce the Premiums for these options and therefore reduce the potential Yeilds generated by CCetfs ? It increases the competition among the funds for yeild. Seems like the more popular these type of funds become the worse it is for investors looking for higher yeilds. Thank you

[@dkyrtata6688]

Maybe what you suggest about potential yields is true, but the market is very diverse with many investors who think that high yield funds are smoke and mirrors resulting in "NAV erosion;" that total return is the only thing that matters. Moreover, other investors who buy covered call and put contracts do so for various strategic reasons and insurance protection. Bottom Line: not everyone will have the same mindset, strategies, and objectives about investing. That's inherent in the market.

[@terrycretney1094]

The Options Market is massive. The volume done by the professionals will always overwhelm what retail investors, through these ETFs, do. Volatility in the options market will go up and down but these ETFs, geared to retail investors, won’t drive the Options Market.

[@PassiveIncomeInvesting]

i don't think that will ever be an issue i think i asked a fund manager some time back but i cannot remember which one.

[@joefalcone4762]

Good explanation.

[@Rentcollector]

I’m first this time 😂😂😂😂

[@PassiveIncomeInvesting]

nice! hows the rent collection going ??

[@Rentcollector]

@@PassiveIncomeInvesting G-d has blessed me. I like having 2 major sources of passive income. More security in protecting one’s assets the government desperately tries to rob from you 😉

[@abha801]

Love it bro :)

[@PassiveIncomeInvesting]

love you 2

[@caper087]

So if you just invested in say VFV That’d be fine?

[@PassiveIncomeInvesting]

lol of course! - VFV is a great growth investment, probably one of the best

[@Paul-yk7ds]

I got around $100k of capital from selling a small business. I first tried selling my own options for income, but I was doing the wheel strategy on individual stocks, and I ended up losing a bunch of money due to poor stock picking. Now I'm just putting the money into a 50/50 mix of JEPI and JEPQ, and I will eventually expand into more funds you promote. So, thank you for sharing all your thoughts and knowledge to help me do this intelligently.

[@davdride4850]

Assume info. Great opinion. Greta up dates with The channels always

[@normancarbajal5154]

Very informative 👍…

[@pavelzaro1471]

Is it wise to put these covered calls ETF'S in a taxable account, but for a long time, let's say 10 years?

[@richardbittley6028]

well said

[@RobertAshmead-bg2lw]

You say to be financially free your dividend passive income needs to be enough to pay all your bills each month I don't think this is actually correct I think you also have to factor in continued investing inflation and a "extra" cushion of safety say when you figure out your quit working monthly dollar amount considering all those factors and a 20% or 25% buffer to the quit number so for example of you decide you need 10k a month 7k to live off of and 3k for inflation and continued investing it would be best to add another 2500 for a total of $12,500 dollars a month as a safer goal before you leave working entirely

[@PassiveIncomeInvesting]

your habits also dictate a lot. you gotta have more confidence in yourself my friend and the decisions and life you live. like getting the f out of places with high inflation and high cost of living?

[@RobertAshmead-bg2lw]

You mean like moving out of the United States to the Philippines I did that in May of this year I think anyone in a situation like me who is on socisl security disability and or a VA pension should leave america being on a fixed income that has a cola adjustment every year it just makes sense to live somewhere cheaper

[@RobertAshmead-bg2lw]

I get around 5500 USD a month my condo cost 228 dollars a month my car payment is around 450 dollars a month and my utilities are about 250 dollars a month and everything else like food and gas and stuff I budget another 500 a month so I budget 1500 a month for bills and am paying off all debt and will start dividend investing the rest once I am debt free and have a emergency fund set aside that should be February or March of 2024

[@JimGCoachingClub-r8t]

Amazing content, great explanations. I love your simple and clear definition. Lets Collaborate on a video together!

[@venkataannambhotla9034]

Anyone tried the Margin to do Passive income investing? Would love to find out any experience in the group.

[@MrXR77]

If you would have placed your money in the S&P500 in 1999 it would have taken 10 years for your money to recuperate in 2009. The so-called lost decade. I don't consider 10 years or perhaps next time it could be 15 years, short-term. This long of a down market can greatly affect your finances.

[@langleyj8199]

Too bad you had to explain pii. It’s a great option for me. Maybe not for everyone. Ignore the critics.