Yesterday some with 80k wanted advice on how to get $400 monthly...

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by investing it and making it last for 20 years. Does anyone remember what the advise was, and anything to add as well?

[jmbar2]

1. Seeking Alpha is a good resource

It's a stock and investing news site with a number of very good dividend investing writers. I have done well following Rida Morwa. (This is now a paid subscription - it was free in the past, but still well worth it.

https://seekingalpha.com/dividends/dividend-ideas

See also the Dividend Sensei
https://seekingalpha.com/author/dividend-sensei#regular_articles



We are likely coming into a time of market weakness in June, so I'd wait before starting a big portfolio. Gives you good time to do the research.


I am making about $200/month on a much smaller portfolio, so $400 should be no problem.

[brush]

2. Thank you so much.

[JT45242]

3. Average rate if return for good mutual funds is 7 percent long term

So, if you invested in a mutual fund like putnam, $400 a month would be 6 percent withdrawal rate. A little higher than the 5 percent that is usually safe.

We did this with my mom's money for many years.

Just have to watch for a 2008 type crash.

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4. What if you're looking for month checks to supplement SS and othe income?

[PoindexterOglethorpe]

5. Just don't try to time the market.

Yes, it goes up and it goes down but the long term trend is up. If you really do think there will be a downturn in the near future, just don't invest everything all at once. And if there is a downturn, don't start selling. That big hit we had last March simply didn't last that long. I know that any number of people here decided that when Trump was elected the market would surely crash and they sold everything. And missed out on good returns.

Another thing to look at would be investing in stocks that pay dividends.

[bucolic_frolic]

6. I googled "monthly dividend etf strategies"

https://www.investopedia.com/investing/monthly-dividend-etfs/

https://www.kiplinger.com/slideshow/investing/t022-s001-10-dividend-etfs-to-buy-for-diversified-portfolio/index.html

Of course there are pitfalls - rising interest rates, defaults, funds that carry REITS as well as stocks, stock market risk. Research, research, details, details.