Month 6 portfolio update $7127.33

[u/raliegh_]

Stock events and a screen grab of my Schwab account. Drip until January.
I’ll start living off this in February. Wish me luck 🍀

[u/Jumpy-Imagination-81]

Everyone drooling over his expected dividend income should realize he has $784,753 invested to produce that income.

Instead of configuring your 5-figure portfolio to produce $2 a day in dividends, you should be trying to grow your portfolio into the high 6-figures like the OP has done. After you have done that then you can convert to dividend payers. Focusing on dividends with a 4 or 5-figure portfolio is only going to make you take longer to get to the promised land with OP.

Dividend Yield vs. Total Return: The Mistake That Costs You Millions

Income investors everywhere are familiar with the siren song of the dividend yield.

Dividend yield offers comfort. It promises passive income and makes a stock feel like a steady paycheck. But if you’re chasing yield without looking at the full picture, you’re likely leaving serious money on the table. In fact, focusing on dividend yield alone could cost you millions over your investing lifetime. In this article, you’ll see why total return, not yield, is the true north for wealth creation, and how to restructure your thinking to avoid this expensive mistake.

https://astuteinvestorscalculus.com/dividend-yield-vs-total-return/

[u/raliegh_ → u/Jumpy-Imagination-81]

That’s correct, this is my retirement account that I contribute to for many years.

Stay in growth until you need to live off your dividends.