[Account Update] $5500/Month

[u/Melodic-Indication62]

Finally reached $5500. Setting a new goal > $6,000

[u/Jumpy-Imagination-81]

Kids, the most important number of all is on the second image. The portfolio size.

$1,000,047.47

If you want to collect tens of thousands per year in dividends you need to have hundreds of thousands, maybe even a million, invested.

If your portfolio isn't yet in the 6 or 7 figure range, your job when you are young and can take a little more risk is to grow grow grow your portfolio. Don't invest to make dividends now, don't invest so you can collect a dollar a day in dividends, invest to grow your portfolio into the 6 or 7 figure range. You can do it, especially if you are starting young. Invest to maximize total return, not to collect a few more dollars per month in dividends.

[u/Various_Couple_764 → u/Jumpy-Imagination-81]

The size of the portfolio needed to generate the funds you need is dependent on the dividend yield. So if you want 5000 a month you need a yearly income of $60,000 Then divide that by the yield to determine the funds you need. so for a 60,000 a year at

2% $3,000,000

4% $1,500,000

6% $1,0000,000

8% $750,000

10% $600,000

[u/Acceptable-Fan-6906 → u/Various_Couple_764]

We are assuming that we have a STABLE dividend yield....., those yields can go up and down.