rsingh6675
Recycles dryer sheets
- Joined
- Nov 16, 2008
- Messages
- 126
I want to setup an income portfolio that will generate 8-10% annual income solely from dividends (About $400-$500 per month). This I want to do by putting high dividend stocks, closed-end funds and Mutual Funds. I don't want to trade very often. So these equities should be well established.
The things in my mind are---
1. How many equities should I put---5-10 or 10-15?
2. How many mutual funds vs Stocks vs closed-end funds? and finally
3. Which Equities?
I have an Annuity which is adding 6% every year. I have not started withdrawing money from it. My goal (or desire) is to create a Parallel Home grown Portfolio from which I can withdraw 8-10% per year without depleting the principal. Sounds challenging. But I want to try.
Please help me put together such a portfolio.
Raj Singh.
The things in my mind are---
1. How many equities should I put---5-10 or 10-15?
2. How many mutual funds vs Stocks vs closed-end funds? and finally
3. Which Equities?
I have an Annuity which is adding 6% every year. I have not started withdrawing money from it. My goal (or desire) is to create a Parallel Home grown Portfolio from which I can withdraw 8-10% per year without depleting the principal. Sounds challenging. But I want to try.
Please help me put together such a portfolio.
Raj Singh.