Are you spending the 8%? If so 8% is a very risky withdrawal rate1. I want dividend stocks to generate monthly income. Some stocks I have already proven that they pay out consistently. I can spread out a varying number of dividend stocks from 3%-10%+ to average out about 8%.
Another point on #1, if I rent my house out, I have to pay taxes, insurance and repairs. It takes a good chunk of the monthly income.
2. There are many many stocks and ETFs that pay high dividends. I think 8% is reasonable because many are 5% or below and many are 7-8% or higher. When I put all the stocks into a portfolio tracker it tells me the yearly dividend yield is about 8%.
Also to note, I plan to live in Asia.
Statistics: Posted by magicrat — Mon Sep 02, 2024 8:30 am