Dividend Investor Earns $30K a Month After 37 Years, Says He Started Investing in 1988 With Student Loans

Many investors underestimate the power of staying invested. Riding out market volatility and uncertainty while holding quality stocks can lead to dramatic long-term results.

In May, a dividend investor posted in a Reddit community that he reached $1,000 per day in dividend income after 37 years of investing. The portfolio screenshots shared by the investor on the social platform showed his monthly dividend income stood at $30,417.

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‘I Have Worked So Hard'

The investor said he began investing following the Black Monday crash of 1987, and urged retail investors to stay focused and remain invested through market downturns. He said he stayed invested in the market through the dot-com crash, the 2008 financial crisis, the COVID-19 pandemic, and tariff-related volatility.

"I started investing in 1988 using my student loans to open an IRA," he wrote. "I’ve been steadily buying dividend stocks ever since. I have worked so hard to hit this goal which will fund our retirement."

Let's take a look at some of the top stocks in his portfolio.

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Energy Transfer

Energy Transfer LP Unit (NYSE:ET) is an energy dividend stock with a yield of about 8%. Earlier this month, the company said it plans to invest $5 billion to $5.5 billion in growth capital this year, mainly on projects to expand its natural gas network.

MPLX

Midstream energy infrastructure company MPLX LP (NYSE:MPLX) was among the top holdings of the investor earning $30,000 a month. MPLX, majority-owned by Marathon Petroleum Corp (NYSE:MPC), has a dividend yield of about 8%.

Western Midstream Partners LP

Natural gas pipeline company Western Midstream Partners LP (NYSE:WES) was a high-yield energy dividend stock in the portfolio. It has a dividend yield of about 9%.

Enterprise Products Partners

Midstream energy company Enterprise Products Partners LP (NYSE:EPD) has a dividend yield of about 7%. Last week, the company raised its dividend by 0.9%.

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Blackstone

Alternative investment management company Blackstone Inc. (NYSE:BX) has a dividend yield of over 3%. It's down 5% over the past 12 months.

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Corebridge Financial

Corebridge Financial (NYSE:CRBG) is a financial services company with a dividend yield of about 3.2%. The stock is up about 3% over the past year.

The Invesco QQQ Trust

The Invesco QQQ Trust (NASDAQ:QQQ) gives investors exposure to some of the top tech stocks in the NASDAQ-100 index. Nvidia Corp. (NASDAQ:NVDA), Amazon.com Inc. (NASDAQ:AMZN), Microsoft Corp. (NASDAQ:MSFT), Tesla Inc. (NASDAQ:TSLA) and Apple Inc. (NASDAQ:AAPL) are among the fund's biggest holdings.