CornerStone Income

Reformed growth investor - On the journey to Financial Independence through high income investing!

[CornerStone Income @DividendFIREE]

Closing the book on 2025 and wanted to share my gratitude the entire FinX community!

1/1/25 NAV: $1,105,150.35
1/1/25 PADI: $85,000.00

12/31/25 NAV: $1,315,000.00
12/31/25 PADI: $200,900.42

2026 Goal: $275,000.00 🥂💪🏻

@NEOSInvestments @kurvinvest @TappAlphaFunds @XFunds_

[CornerStone Income @DividendFIREE]

@Retiredat40HQ Don’t forget to sprinkle some $MLPI in for diversification and stability! 🙌

[CornerStone Income @DividendFIREE]

@DividendMil Couldn’t agree more! Literally the only downside of the platform that I’ve been able to identify. @RobinhoodApp

[Tim Ferriss @tferriss]

Take a decision you’ve been putting off, and challenge the fuzzy “what ifs” holding you hostage. If not now, when? If left at the status quo, what will your life and stress look like in six months? In one year? In three years? Who around you will also suffer?

[CornerStone Income @DividendFIREE]

@stocksandcry Different options strategies, cost structures, and monthly payout dates. All track the S&P, but some will do better in a Bull market, others will shine in a bear market.

[CornerStone Income @DividendFIREE]

Cornerstone Income: July 1 PADI Update!

New Additions:

- $OVL
- $OBDC
- $CLOI

Liquidated positions:

- $CTA

Strategically accumulating:

- $OWL
- $MLPI

[CornerStone Income @DividendFIREE]

This is categorically untrue. However, there are some nuances:

1. You must hold MLP’s in a taxable brokerage. If you hold them in a retirement account, you may be subject to UBTI (unrelated business taxable income).

2. The vast majority of distributions are classified as ROC. ROC has no immediate tax burden, but reduces your cost basis. IF you ever sell, this is important consideration to understand. For anyone who’s a high income w-2 earner, this is a dream scenario.

Take this example of a taxable brokerage:

$10,000 in annual dividends from $O
Federal tax liability: approx $3,180 (These dividends are taxed as ordinary income)

$10,000 in annual distributions from $MPLX
100% ROC
Tax burden: $0.00

[CornerStone Income @DividendFIREE]

MLP’s deserve a place in your portfolio!

People think that midstream companies are “boring” - and rightfully so. There’s nothing sexy about the transportation, storage, and processing of oil & gas.

You know what is sexy? Outperforming the market by 3x. $ET $MPLX

[Sahil Bloom @SahilBloom]

I'm convinced that real success is often quiet. It's spending less than you make. Driving the simple car. Wearing what you like. Loving the same person forever. Showing up for friends. Avoiding drama. Doing hard things. Real success doesn't shout. Quiet is seriously underrated.

[CornerStone Income @DividendFIREE]

@stocksandcry You will be! I’m about to turn 35 and will be welcoming my first child into the world. My
delusions of grandeur, and climbing the corporate ladder are over. I want to enjoy my life - the tradeoff is that I will not compound as fast, but that’s 100% okay with me.

[CornerStone Income @DividendFIREE]

@stocksandcry Absolutely! I think finance and investing conversations should be more commonplace. When you climb the ladder, you should always lend a hand and help someone up.

Ask me anything.

[CornerStone Income @DividendFIREE]

@stocksandcry They sure do! Both issue K-1 tax and distributions. MLPI is a great choice as well (i’m building a position in that as well for diversification).

[Caleb Hammer @sircalebhammer]

Spain needed this. Their unemployment rate is nearly 11%.

[CornerStone Income @DividendFIREE]

@SStricklandMMA You forgot Pickleball…

[CornerStone Income @DividendFIREE]

@DudeWhoInvests $MPLX

-Mission critical infrastructure
-AI Demand tailwinds
-Great balance sheet (low relative leverage)
-Forecasting 12.5% distribution increases
-Never cut their distribution (even during Covid)
-Executive team knows how to execute

[CornerStone Income @DividendFIREE]

@DudeWhoInvests $MPLX

-Mission critical infrastructure
-AI Demand tailwinds
-Great balance sheet (low relative leverage)
-Forecasting 12.5% distribution increases
-Never cut their distribution (even during Covid)
-Executive team knows how to execute

[CornerStone Income @DividendFIREE]

@JustJenRX @grok @grok … we’re waiting…

[CornerStone Income @DividendFIREE]

@JustJenRX @grok was the carjacker eventually arrested? If so, what’s the current status of his case?

[CornerStone Income @DividendFIREE]

@Alice_MiaX $YMAG has been a notable exception. 👌

[CornerStone Income @DividendFIREE]

@roundhill Incredibly disappointed in this fund. I may liquidate my 3,000 shares and redeploy into $YMAG. The relative underperformance is staggering.

@YieldMaxETFs

[CornerStone Income @DividendFIREE]

@roundhill Incredibly disappointed in this fund. I may liquidate my 3,000 shares and redeploy into $YMAG. The relative underperformance is staggering.

@YieldMaxETFs

[CornerStone Income @DividendFIREE]

@FreedomChasing_ @mbluesguitar I hear you! I’m 34 and expecting my first child this January. The beauty of dying with the assets is that your kids will get a step-up in cost basis. The ultimate tax loophole. 👌