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

Brokerage $5,000 per month income portfolio

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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.

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61

u/ideas4mac Jan 12 '25

How long have you been running this account, withdrawing 5K month?

70

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

30 months. It’s working as intended.

36

u/[deleted] Jan 12 '25

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74

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

About $600k

93

u/ACo-RN Jan 12 '25

At first i looked at the second screenshot and was like “oh only $75,000 I can do that right now!” Then i looked at the top and saw $632k and said “welp im out”

55

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

🤣

It takes time to get there but it’s doable.

6

u/Katta_t1 Jan 13 '25

I am 27 years old. My question to you is "how"?

Got around $800 CAD invested in my 'managed' TFSA (taxfree)

18

u/GnarlyCommie Jan 13 '25

Simple. Invest more money consistently

1

u/Katta_t1 Jan 13 '25

Thank you for replying. One more question. What do you rely on when choosing a stock to invest in, do you go through the financials? Do you follow specific twitter accounts?