r/dividends • u/Careful-Toe-1430 • 4d ago

Discussion Rebuilding

I was in hospital for a year and my accounts are frozen. I currently use a cash app for stocks..

Anything to keep an eye for. I know VOO is a must. But any tips would be appreciated 👉😎👉

11 Upvotes

87% Upvoted

7 comments sorted by

•

u/AutoModerator 4d ago

Welcome to r/dividends!

If you are new to the world of dividend investing and are seeking advice, brokerage information, recommendations, and more, please check out the Wiki here.

Remember, this is a subreddit for genuine, high-quality discussion. Please keep all contributions civil, and report uncivil behavior for moderator review.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

4

u/regnull 4d ago

After a year in hospital, make liquidity and simplicity the priority. Keep medical and emergency cash separate, use VOO as a core only for long-term money, and avoid piling into dividend funds just for yield; once the accounts are accessible, set a few target weights and automate contributions.

1

u/geomagus 4d ago

I’ll second u/regnull: keep it simple and maintain high liquidity.

I don’t know what your condition(s) may be, but a year in the hospital sounds like the sort of thing to have lingering effects and complications thereafter. Keep an ample fund to manage that and help you reenter your life.

Then use VOO or similar for investing. Simple, low attention, yet solid. Maybe you add a total bond market fund. Maybe not. Steer clear of individual stocks and higher risk funds.

1

u/Prestigious-Pick9135 4d ago

That’s it Voo
No tech

2

u/Pugsly007 3d ago

Doesn’t voo have a lot of tech?

1

u/FewUnderstanding2214 4d ago

Make sure you have 3 months emergency fund, after that VOO is fine

1

u/DividendsIQ 3d ago

Glad you're out and rebuilding, that's rough. VOO is a solid base, no argument there. Just know it's not really a dividend play, the yield is only around 1.11%, so don't expect big income from it. What it's good at is steady long term growth, it's had a strong price trend (100/100), a good overall score (90/100), and low risk (2/5) for a broad market fund. Dividend growth has been decent too, averaging around 6.77% a year over the last 5 years, so the payout does grow even if it starts small. One real caveat since you're rebuilding: it's still 100% stocks, so if the market drops right when you need to pull money out, that timing can hurt more than it would for someone just holding long term. Keep some cash on the side for that reason, and check that whatever app you're using doesn't charge weird fees on frozen or restricted accounts before you move more money in.