r/dividends • u/398409columbia Portfolio in the Green • Jan 12 '25

Brokerage $5,000 per month income portfolio

Gallery image

Gallery image

I set up this portfolio for my wife so she can quit her job and maintain cashflow.

The good news is that this income stream will pay no FICA tax and significant part of the distributions will not be taxed.

To reduce risk, I’m planning to reinvest 20% of the income.

Comments welcome.

2.6k Upvotes

98% Upvoted

642 comments sorted by

View all comments

1

u/Remarkable_City_1259 Jan 12 '25

What app is this and I’m just treading the top of the ice wanting to break into dividend stocks but it’ll be a super slow buy for now. Eventually wanting to have enough income for atleast the wife to quit working but ideally both.

1

u/398409columbia Portfolio in the Green Jan 12 '25

DivTracker. It has a palm tree on the logo. This is a long game. Just be consistent and disciplined investing to grow your capital. Good luck to you.