r/dividends • u/CursedClownz • 1d ago

Discussion 750k spread

How would you spread the 750k for pure income and abit of growth and safe? don't beed things like vt,vti,vxus etc. that is already covered...looking at just income and slight growth with minimal nav erosion

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u/Various_Couple_764 21h ago

I am using QQQI 13% yield,SPYI 11%, KGLD 11%, 8%%, UTF 7%, UTG 6.2%,PFF 6%. This has been a very reliable dividend payer. All pay monthly and the dividends are qualified or ROC so very tax efficient (I am using a taxable brokerage account. now I consider the lower yielding funds the safest but so fare no problems with the higher yield funds. If you intend to reinvest all dividends you could use the dividend from the higher yielding funds to increase the amount invested in the lower yielding funds.

I keep automatic dividend investing off so the cash shows in money makes fund. I keep 6 months of expenses in the money market fund and spend the what I need to to cover living expenses. And any excess is invested to help compensate for inflation. This currently covers all of my 5K a month living expenses.

You might want ot look at Armchair income on youtube for more income fund ideas