Beginner to investing: How do I use dividends to generate livable income ?
(Total beginner) I am non-US resident. I do have a USD account and USD salary. I am aware of the 30% US withholding tax and 15% EU withholding tax on my country. I wanna add in like 500$ monthly into investment such that dividends alone can make up around 2000$ of monthly income eventually. Generally prefer to do it with less oversight or monitoring.
How do I set this up ? which are the best dividends to look into ? Is there some terrible mistake in the logic I'm not seeing ? what realistic timeline should I expect to achieve a monthly 1000-2000$ dividend payout ?
u/ahtemsah — 10 days ago