Hello investors, I just started investing in some ETFs. The goal is to live off ETF dividends while adding growth ETFs. Any beginner strategy to start with? This is my portfolio, and I am very excited to start my journey to retire early. Please give me advice and experiences; I am willing to absorb them.
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22 Comments
Kar Yung Tom@karyungtom · 15d
The goal is to live off ETF dividends while adding growth ETFs. Is the goal to live off dividends at some point or while you're saving? Because retiring early would probably be best done via just re-investing all dividends as you grow.
Benson Tan@benson.tan578 · 15d
This is basically all into Tech and Ai. Way too concentrated on that sector and can be harmful in a crash. It can work if you hold. Sure these are good ETFs but I’d be concerned because a crash like Dot Com can lose your holds value significantly. If it drops like Dot Com you’d be looking at over a decade of recovery let along inflation. The bigger the growth the bigger the fall as they say. Most stocks will suffer in a crash but Tech is the most volatile sector. Volatility means higher highs and lower lows.
Grimace @dsr132 · 14dEdited
Just hold a broad base index fund like $VT for a world market index or $VOO if you just want the sp500 since I think you are American judging by what you hold. Then when you are near retirement, you either start selling your etf to fund your lifestyle....if you absolutely not want to sell your shares and stay invested at all times, then at retirement you can transition slowly going from your index fund (selling $VT all or partially to buy CC broad index funds that does not much NAV erosion like $TSPY as an example )to the cc etfs and use the distributions from the covered call etfs to fund your lifestyle.
Crazy Canuck Investor @crazycanuckinvestor · 15d
I see you have some valuable responses including one from Kar. Keep in mind that the vast majority of people on here are not financial advisor including myself. We love investing and finance. In your case as Kar pointed out more information about your situation is required. How old are you Aka time horizon. What is your risk tolerance. Why do you need income. What I do know from my 3 years of investing is that there are many ways to reach your goal. But broad base ETFs over the long term is a good path. Not the only one but a good one. Love that you’re in here asking questions.
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