Goal: Have $1000/mo in passive income through dividends.
After seeing how homeboy got roasted for flexing his dividend payout here https://old.reddit.com/r/stocks/comments/175spzx/ill_get_1000_in_dividends_this_year/ I started to wonder if I was making poor decisions as well, and was hoping to flamed into higher education. I'm starting to wonder if my goal is foolish and I am perhaps losing out on growth by chasing dividends that I don't currently have any need for.
Bio: Age 33, $125k salary as a software engineer, own a home in the PNW (Oregon), $160k remaining to be paid off over 20 years at around 4%. Working at a small company that does not currently offer a 401k, so all investing attempts are done by my own ignorant hand.
My main investment account is a haphazard collection of stocks and funds which I allocate $1750/mo towards. I have a small ROTH IRA that I max out each year – which unfortunately is only around a $2000 annual contribution due to my income level. Details can be seen below.
Personal account individual stocks:
Personal account funds:
Roth ira account:
Given the low yields on my dividend funds, should I reallocate those to a more growth focused etf? Is there any reason not to park the majority of my assets in VOO/SPY or something similar given that I don't actually need a cash payout any time soon + I am in a position to accept a fair amount of risk?
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