I'm 33 and been on 100% VA disability for a while now, so 'retired' in quotes i guess. Since this income is as stable as it gets, i would like to seek higher returns even at the cost of more risk.
Since i'm retired, buy and hold VTI/SCHD for 30 years is not really priority i think. I don't require a nest egg for when i turn 67, i want to spend money on my family's life now, and i will use the income for a better dscr to buy more rental properties which buy-and-hold growth stocks will not provide. Etc.
But I also do not want to overall lose money over time with the depreciation of the ticker or opportunity cost. JEPI has a big yield compared to SCHD but with no growth, holding SCHD would pay pay moreover time to have sold it slowly. However, the dividend payments are more reliable, and planning to sell X% of a share is not reliable in a bear market.
So i want to know what do i ask myself to balance this?
My search has started with dividend kings/aristocrats, high yield etfs, popular reits, and individual stocks that seem to have cause to keep growing.
Here is my preliminary list.
It has divi kings and reits because they should be reliable and dependable compared to cc etfs and thereby provide stability (also diversification).
High yield etfs etn funds: Jepi, Qyld/ryld/xyld, Gof, Usoi
Divi kings/aristis with high yield: Epd, Mo, Abr, Mmp
Reits (abr is also a reit but i listed above): O, Mpw, Pstl
And a list of growth stocks along the lines of unh, wm, ko, aapl, mcd, abbv, amzn, brk, what not. A couple pay dividends but by yield % alone are not noteworthy like the above.
Anyway, thanks for any input to help me plan. Excited to buy into this (maybe major) market dip!
Leave a Reply