Greetings,

Hi, I’m a US based, mid 30s, Linux user.

I mainly hold a lot of $SCHD in my brokerage but I feel like I should possibly diversify. I don’t know a lot about REITs and I have none in my portfolio. I also have little tech exposure as $SCHD doesn’t buy much. So, I complement it with a bit of $QQQM.

$QQQM has almost no dividend. I don’t generally want to sell any stocks. I looked into $JEPI but it seems to not keep up with the market. My goal is to never sell because of Tax reasons. I’m definitely more of a dividend investor.

I don’t want to get much exposure to healthcare. Ever since late last year I think the industry has been heavily under heavy scrutiny. I don’t expect it to do as well. Plus, I don’t like the idea of making money off people who are sick.

I like the idea of having a second source of income. I live very frugally and had 5 jobs in 5 years. I think I settled on a great place to work; but the fear and concerns from layoffs are always there. It’s nice having a soft cushion of dividends.

I have a 401k largely investing in fortune 500.

I was would like input from others.

  • POTOOOOOOOO@reddthat.comOPEnglish
    1·
    7 days ago

    Sure!

    My goals for dividends is to make enough to just barely get by in the event of a layoff. I put my desperation expense at around 8k-11k. I’d like that in passive income.

    I have an emergency fund outside of the taxable brokerage. It’s enough for a year.

    My bills are all at the beginning of the year (mainly February - July) then my bills are non-existent almost. So Auto deposit isn’t the best of ideas. But whenever I get over a threshold in my account then it goes to investments. I am very consistent with that when I am able.

    My goals are to have enough money that I can do a soft retirement or I think people also call it Barista fire. If I stay at my place of work long enough, then full retirement. I just value my financial safety in times of uncertainty.

    My guess of a plan would be ~3000 shares of SCHD on DRIP, and at least 2 other maininvestments leaving about 5-10% in risky investments such as QQQM. I want to focus on having enough dividends for the ability of having passive income.

    Time frame is ~8k in dividends in 5 years if I can. All in a brokerage account. Then once I feel I have my safety net then go after more growth oriented. Plus that is what the 401k is focused on.

    Going through 5 jobs in 5 years to me was stressful. I want a safety net of passive income first. I just don’t want to throw all my eggs in one basket with an ETF that I like a lot. I want diversity.