Weekly income portfolio update
Happy Friday. Market is down a bit today, but its ok. I think I got my income portfolio where I want it, and with holdings that I plan to keep forever. All of my holdings pay a distribution, but most are now indexed. I will always have a few single stock income funds, but only ones that have a positive total return, and a minimum 1-year history. My overall income is down a bit, and it may even go lower as I go more and more indexed, but I'm trying to keep it above $60,000 a year, because that is my minimum amount to live on, if I had to. My goal is to build this up to $130,000 annually, and I'm now giving myself 2 years to get there, but hopefully I'll get there much sooner. I will post a weekly update for anybody curious about this experimental investment portfolio. It's important to keep in mind, that I do not need this money now, which is why I'm willing to experiment like this. I'm running this portfolio more of a 2nd business, rather than a retirement growth account, which I already have an IRA for that. Most of my funds use a lot of ROC, which helps on taxes, so I'm hoping this all works out, and I can just keep the account snowballing until the time comes that I need the income.
