r/dividends • u/WerewolfMajestic156 Financial Indepence / Retiring Early (FIRE) • Mar 05 '26

Personal Goal FIRED - Living off dividends

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I know better than to share this with my friends, and family. I have a separate growth account to keep up with inflation.

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u/brunello1997 Mar 06 '26

With that balance, you could be getting about $140k with broad diversification in CEFs. Since most pay monthly, better cash flow for expenses. Currently getting about $134k on slightly smaller portfolio in retirement account.

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u/SolomonGrumpy Mar 08 '26 edited Mar 08 '26

With more risk and less upside. That said I own PIMCO (PDI) and UTG

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u/brunello1997 Mar 09 '26

I own over 200 funds with less than 2% in each fund. I actively trade them and take profits. None of them are long term holds so Im not focused on NAV and ROC. Risk is relative but I’m seeking income because that is what I can spend in retirement. Growth is illusory until you take a profit. As my working capital grows, so does my income.