I posted this on Morningstar but thought I would post here also to get feedback. Any help is welcome!
I am trying to create a portfolio that creates over $200,000 of annual after-tax income and also grows the income stream over time. I have about $5 million to invest. Most ($4M+) is in a taxable account with $700,000 in an IRA. I have put together a paper portfolio in M* that creates about a 5.8% yield, has past dividend growth of about 15% and solid capital appr. potential. I will put the ordinary income producers in my IRA and reserve my taxable account for qualified dividends and a few other mostly tax favorable income producers like MMA.
I am still working on this paper portfolio and am investing about $100,000 in each investment. I am willing to take some additional risk for some additional income (ADVDX, VWEIX, PWI) but also want a core of 'safer' investments like GE, C. It is a bit heavy outside of US with some Canadian Trusts and some larger European dividend producers.
What do you think? I have used M*'s tools to look at holdings, risk, etc. I am still creating this (on paper first). Will keep cash in Vanguard tax exempt MM (because of my tax situation). I am 48 and want to able to retire very soon (I live in high cost area right now) on this portfolio.
Ticker
ABN
ADVDX
AIB
ALD
APU
BAC
BCS
BP
C
CHC
CMP
CVX
DEO
DT
ED
EN
EON
FDG
FGP
GE
HBC
HPF
ING
KMI
KMP
KO
LLY
MMA
PBT
PCU
PFE
PGH
PWI
RDS.A
RYN
SO
TCLP
UN
UU
VGSLX
VOD
VWEAX
WB
WFC
WM
I am trying to create a portfolio that creates over $200,000 of annual after-tax income and also grows the income stream over time. I have about $5 million to invest. Most ($4M+) is in a taxable account with $700,000 in an IRA. I have put together a paper portfolio in M* that creates about a 5.8% yield, has past dividend growth of about 15% and solid capital appr. potential. I will put the ordinary income producers in my IRA and reserve my taxable account for qualified dividends and a few other mostly tax favorable income producers like MMA.
I am still working on this paper portfolio and am investing about $100,000 in each investment. I am willing to take some additional risk for some additional income (ADVDX, VWEIX, PWI) but also want a core of 'safer' investments like GE, C. It is a bit heavy outside of US with some Canadian Trusts and some larger European dividend producers.
What do you think? I have used M*'s tools to look at holdings, risk, etc. I am still creating this (on paper first). Will keep cash in Vanguard tax exempt MM (because of my tax situation). I am 48 and want to able to retire very soon (I live in high cost area right now) on this portfolio.
Ticker
ABN
ADVDX
AIB
ALD
APU
BAC
BCS
BP
C
CHC
CMP
CVX
DEO
DT
ED
EN
EON
FDG
FGP
GE
HBC
HPF
ING
KMI
KMP
KO
LLY
MMA
PBT
PCU
PFE
PGH
PWI
RDS.A
RYN
SO
TCLP
UN
UU
VGSLX
VOD
VWEAX
WB
WFC
WM