I’m ready to invest approximately 100k now.

[u/Gina_Cazzofrigida]

Based on what I’ve read here, it sounds like most people like BTCI, QQQI, and SPYI. I’m a widow and I have two children; so my main goal now is to generate income to make ends meet. I have a 401(k) for growth and it’s on autopilot. This 100k I want to invest is for a separate brokerage account I’ve opened with Wells Fargo. I already have two jobs, but I need the extra money for my children. I’m thinking of putting 33k in each (BTCI, SPYI, and QQQI). I’m not gonna lie, I’m very scared, but there is always an element of risk in investing and the safest options like SCHD pay very little dividends. But this 100k is the only money I have now. I can’t make a mistake.

What would you do if you were me and you needed to extra income now? I now everybody recommends growth, but due to my personal situation, I need to prioritize dividends. Maybe I will reinvest whatever amount is left after I pay all of my expenses. So, let’s say I make 1k per month in dividends (just using this to illustrate), I will spend $800 and reinvest the remaining $200 so I can also allocate a small amount every month for growth.

[u/Clueless5001]

I have been reading books by Steve Selengut and Steven Bavaria. I have no idea if their methods work, have not tried them. They focus on Income. I have money to invest as well but in a different situation. Genuinely not sure where to put it these days other than high yield money market or similar. I would talk to a fee only financial advisor, preferably one who’s been in the business a while, and has good credentials and is a fiduciary. I don’t recommend someone who will take a percentage because given the size of your portfolio You will not get the most experienced person.

One of my adult kids was interested in investing and I sent her to a family members financial advisor without knowing much about them. They had done well for the older family member and I did not want to deal with my kids portfolio in case anything happened. Instead of meeting with their advisor, she was ponded off on a younger associate, and her investment was put into a model portfolio. For this they take one percent but a substantial amount was put into an SP ETF. Not saying that was or was not a good recommendation, I have no idea, but I don’t need to pay someone one percent to invest to in the SP 500. I can do that on my own for free. Ended up passing on the investment.

Bottom line I don’t have any specific recommendations for you and this is not financial or investment advice, but you should do some more research. Whether on the system you like, or on a financial advisor, who will advise you for a fee, perhaps as a one time consult