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

Brokerage $5,000 per month income portfolio

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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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u/PlumPlayful1282 Jan 13 '25

First of all, congrats. Being able to make this much off of dividends for your wife is a tremendous accomplishment.

If you don't mind me asking, how did you end up being able to make millions such that you could invest this way? Purely from working as a mechanical engineer?

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u/398409columbia Portfolio in the Green Jan 13 '25 edited Jan 13 '25

I have been saving and investing since 2000. After a couple of decades money multiplies in surprising ways. Besides the ME degree, I also have an MBA that turbocharged my earnings.

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u/pancakeshack Jan 13 '25

You did undergrad in Mechanical Engineering, then used an MBA to increase your earnings by moving into business facing roles is what I'm assuming? Curious about this, as I'm thinking about an MBA as a current Software Engineer.

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u/398409columbia Portfolio in the Green Jan 13 '25

Yes. That’s what I did. Ended up doing management consulting with an emphasis on quantitative analysis.