u/saucyButt64

Trying to create a long term income sleeve

Looking to create a income portfolio to hopefully start paying some of my bills one day. Something to complement my other investments. Would love to start working part time and spend more time with family. I have about 200k to allocate towards income but I need something I can be confident in long term 30+ years. I already have some schd, dgro, and vymi. I was thinking maybe some adx, utg or divo/idvo or O. I was also looking at pff, and jaaa. I’m trying to get to somewhere around 6% yield. That would pay a lot of my smaller bills after taxes. I’m just wondering if anyone had any advice for a sleep easy at night income portfolio.

TLDR: looking for 6% yield on 200k that I could feel good about for a 30+ year timeframe

THANK YOU!

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u/saucyButt64 — 5 days ago

32 years old. How am I doing?

Thinking about dropping spmo, or is it ok to keep dca into it for 30+ years. Also I think my international allocation needs work

u/saucyButt64 — 1 month ago

4 fund buy and hold forever

80% schd/dgro
20% schy/igro

Would this be diversified enough to hold and contribute to forever if I was looking to transition to a dividend focused portfolio? 45 years old and looking to start slowly making the switch from growth. 3-4% yield would cover about 75% of my monthly expenses with what I have in the s&p right now. Looking to stay away from CC ETFs. Thank you

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u/saucyButt64 — 2 months ago