brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
I guess this product really has some legs:
Schwab Monthly Income Funds
If you're looking for something in the middle, why not just buy the "middle" fund and deal with a single fund rather than 3?Reads very closely like the Vanguard Managed Payout Funds.
Vanguard and Schwab have three slightly different funds that payout different % based on equity exposure, ranging from 3% to 6% +/-.
I wonder if anyone else has considered a strategy of putting 33% of your portfolio into each fund.
Assuming a portfolio of 1.5 mm, then $500k into each style. That provides a decent income along with a somewhat enhanced equity exposure.
How dumb is this idea? and why?
At this point the share price is down but the payouts are buying more shares at this lower price. I won't need this money for at least 5 years and look forward to see how does.