Luka 🦉's avatar

$104.6M follower assets

Dividend Investor | Bonds | ETFs | Call Option Seller | p2p Lending | Fractional Real Estate

+25k TikTok followers
Growing on YouTube 🐌
Luka 🦉's avatar
$104.6m follower assets
That’s the map of minimum wage around the world

🔻Lowest 🇳🇬Nigeria $68/month
🔺Highest 🇱🇺Luxembourg $2,140/month

If you want to be financially independent, I believe you need AT LEAST to match the minimum wage of the country you plan to live in.

How is it going for you? Are you already there?

I didn't know that Australia had the second-highest minimum wage in the world. Learnt an interesting fact today!
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Luka 🦉's avatar
$104.6m follower assets
Hello 👋 from the highest peak in the Atlantic Ocean 🏔️
Meanwhile, I keep collecting my dividends: last week alone $818 while I’m here on vacation

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Luka 🦉's avatar
$104.6m follower assets
I made a explanatory video about selling covered calls on Interactive Brokers.
If any of you is long term dividend investor, selling covered calls on your stocks can be a great cash generating strategy 👍

@stock.owl It was really helpful to have the example of $SBUX. What are some of the common mistakes that investors make when first trying their hand at covered calls?
Luka 🦉's avatar
$104.6m follower assets
Here are my top 5 holdings sorted by Average 5y Dividend Growth
$QSR is a real surprise to me.

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I’ve been watching Best Buy and am quite tempted to start a position. It seems pretty good value.
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Luka 🦉's avatar
$104.6m follower assets
Williams-Sonoma 🍴 $0.90/share (+15% increase)
Double-digit news from $WSM
While the market keeps swinging up and down, my portfolio dividends continue to grow.
Also, the board approved a $1B buyback 🧃
Yield 3.04%
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Luka 🦉's avatar
$104.6m follower assets
Rule #1: Never lose money
Do you know this country? Probably not, and neither did I, but this didn't stop me from investing in it and losing 100% of my investment.

The happy country there is Venezuela; the year is 2017.
This is the story of how I lost $6,000 chasing the Yield.

Even if this is not the most popular type of investment among retail investors, bonds are a pretty reliable way to make money.
Corporate bonds are my first choice if I want to have some good returns, but I buy some sovereign ones from time to time.

Sovereign bonds are guaranteed by a country; in the US, we can call it T-bill or Treasury; in Italy are BOT of BTP, and so on. Every country needs to sell bonds to raise money, and Venezuela was, of course, one of them. When you invest in such a product, you need to ask yourself: can this country default?
That's the one and only worry you need to have.

Full of hope and excited about the high Yield, I jumped on board and bought $6,000 worth of

🔸Venezuela, 12.750% 23aug2022, USD - USP17625AC16

At the time, it was trading at a discount, so the actual YTM was something around 18% 🤑

What can go wrong, right?
In the end, all countries have high debt, but they keep paying it... also Venezuela is the #1 country by oil reserves; how can they fail with all that oil.

Well, I was wrong.
In November 2017, Venezuela defaulted (I will not enter into the details now, as it's unimportant), and as a result, my investment went to zero.
Yes, that happens when a country default... all bondholders remain empty-handed.

I consider this my worst investment, not because of the loss (6k is not that big) but because it is one of the few where I lost all the capital.
When you can lose all your capital, it means you are not investing; you are gambling.

At least I was able to get something out of this experience:

The return of an investment ALWAYS matters. There is a reason why you get paid more, and it's because you risk your money.
Sometimes you don't even realize that risk is there, but if you get 12%-15%-18%-20% return, believe me, the risk is there.

PS: Just as a reminder, people are still "stacking stable coins" for up to 18% return, believing it is risk-free...

PS2: I know that the conditions of people living in Venezuela right back in 2017 but also now are far from ideal, and they have much bigger problems than my $6k loss. I don't want to disrespect them with my post; bankruptcy, Hyperinflation, Devaluation, and Dictatorship are not jokes.
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Great story here. Sadly, I think (in reference to your last point, ps2) that a lot of these projects know this and pray on those most vulnerable or susceptible.
Luka 🦉's avatar
$104.6m follower assets
Qualcomm 💻 $0.80/share (+6.7% increase)
Another day, another raise!
Thank you $QCOM for keeping up with the dividend policy
Yield 2.68%
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Always reassuring to see a company deliver on their dividend policy!
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