My plan
42M, I have a 401k that is separate.
I figured out the lowest monthly needs I have, which comes out to $3,275 a month.
Now my goal, is to start getting certain tickers to 1% of my monthly needs. Only $32.75 a month. So much more achievable and easier to swallow (starting out at least).
I have four tickers that have achieved my $32.75 a month goal.
PTY, PDI, ARDC, and PFLT.
I do realize PFLT took a cut, but I am not selling as I think with the cut it’s manageable but will keep a close eye on it.
I also want to keep the portfolio about 30-40 percent dividend growth (either ETFs or individual stocks).
I am maxing out my Roth IRA, especially with the non qualified divvies. I can always take out what I put in. Not worried about tax drag because I will have more than enough for retirement, I just want to enjoy fruits of my labor before getting too old.
Currently at $251/ month.
I also stay away from synthetic cc funds (save for btci, I gave neos a pass lol)
Any advice or has anyone done something similar? Any advice or suggestions?
I want to cap BDCs and CC funds to 20% of income generated.