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Dapper Dividends

Russ Knopf

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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Featured Post

Moving Beyond A Dividend King.

Presented By: The Intellectual Investor Official affiliate partner The Intellectual Investor Well, we finally did it. We quit Altria Group (MO) this week when we sold our remaining 100 shares at $44.47 thanks to a covered call that exercised. That dropped our P.A.D.I. (Projected Annual Dividend Income) by $392. Ouch. Altria is a dividend king and has increased its annual dividend for 54 years. But there's a method to this madness that starts with declining U.S. cigarette sales. Source:...

about 17 hours ago • 3 min read

Presented By: The Intellectual Investor Official affiliate partner The Intellectual Investor Isn't it crazy how some of life's most important lessons are the ones you learn on your own? This newsletter is a little bit different, but there's something important I want to share with you. So stick with me here, and I think you'll enjoy it... We have no control over the family or society that we're born into. And my family was a lower-middle-class one. My maternal grandparents helped raise me...

8 days ago • 4 min read

Presented By: The Early Bird Official affiliate partner The Early Bird I remember hearing that it's unwise to deify (make godly) people because everyone is flawed and imperfect, and doing so would cloud your judgment of that person and set you up for a letdown. The 2024 Berkshire Hathaway annual meeting was on May 4th, and it was the first without Charlie Munger. A touching tribute to Charlie at the start of the meeting is a must-see for any fan of the dynamic duo. But one thing jumped out at...

15 days ago • 4 min read

Presented By: The Early Bird Official affiliate partner The Early Bird First, a deep and sincere THANK YOU to the twenty-five people who replied to last week's newsletter! The response was heartwarming, insightful, and freaking cool to hear from so many of you. Thank you.🤘 Now, onto the topic at hand, which has been on my mind as I've watched the share price of Main Street Capital (MAIN) keep climbing higher. Last week, Main Street Capital set another all-time high at $49. Source: Google.com...

22 days ago • 3 min read

Presented By: The Early Bird Official affiliate partner The Early Bird I really could use your help with something. You may have noticed daily newsletters from me recently. This started after hearing author and marketing guru Seth Godin on a recent Tim Ferriss Podcast episode. Incredibly, Seth has written a daily blog post for 24 years. 24 years!! I decided to try this with the newsletter for 30 days. Almost two weeks in, the data shows this idea was a disaster. This should also remind us...

29 days ago • 3 min read

Yesterday, I worked at a Prologis building, and after sending this letter, I'll be headed to a different Prologis facility here in the Chicagoland area. Yesterday, Prologis reported Q124 earnings, with FFO of $1.31 beats by $0.02 and revenue of $1.96B beats by $130M. But their stock fell almost 2% because they cut guidance by about 1.3%. Their CEO also said customers are focused more on controlling costs in this higher for longer interest rate environment, which could negatively impact...

about 1 month ago • 1 min read

Some sh*t went down on our side of the volleyball court on Sunday. It turns out that sixteen-year-old girls can get emotional when they're losing. This spilled over, and a few moms had words after the game. Fast forward to today (Thursday), and apology texts were going around between the moms. This reminded me that we're not thinking rationally when we are emotional. And the likelihood of doing or saying something regrettable increases if we're not thinking rationally. If you're about to make...

about 1 month ago • 1 min read

Howard Marks just dropped his newest newsletter. It was all about why avoiding risk is risky and it’s critical to investment success. Hopefully you click the link above and read it or check out the audio version if you’re feeling a bit lazy. Anyways, Howard knows I have a fetish for Warren & Charlie and broke down their success in three parts: (a) a lot of investments in which they did decently. (b) a relatively small number of big winners that they invested in heavily and held for decades....

about 1 month ago • 1 min read

This community is simply the best! After yesterday’s Starbucks “0% bond” letter, reader Ron who worked for a large grocery chain had a great response. So I’m going to paraphrase and try make it easier to understand…. Sometimes, people forget to use or lose their gift cards, and the company has to keep track of all of them.The government steps in after several years and says, “Hey, if no one’s going to use the cash balance, we’ll take it!” So the store has to show lots of old records to prove...

about 1 month ago • 1 min read

Hey it’s tax filing day in the United States! Can you feel the electricity in the air? Here’s a fun thought if you’re a W2 “Wage Slave” and you got a tax refund. You just gave the U.S. government an interest free loan. We should all be getting a big “thank you”, right? This reminded me of Starbucks, which we stopped at yesterday because my daughters had gift cards. Actually, the gift cards for sale shown below reminded me. Starbucks has about $1.64B sitting around from unused gift cards. The...

about 1 month ago • 1 min read
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