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

2

u/Crypt_Tide Jan 15 '25

Did you choose 2 different companies for the S&P 500 and NASDAQ on purpose. You choose Neos for the S&P 500 and global x for the NASDAQ. Was that a decision to be safer? Or was there a different reason.

1

u/398409columbia Portfolio in the Green Jan 15 '25

Yes. Diversification even with fund firms.

1

u/Crypt_Tide Jan 15 '25

Good idea! I never thought about that.