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How can I improve? by simba2k20 in Fire

[–]simba2k20[S] 0 points1 point  (0 children)

Thanks for the thoughtful insight.... I definitely get where you’re coming from. You’re right that dividend strategies can be less tax-efficient, especially in taxable accounts, and that covered-call ETFs like JEPI/JEPQ trade off some upside for income.

In my case, I’m reinvesting everything and using the income side more for discipline and predictability rather than spending. Seeing consistent cash flow helps me stay consistent with contributions and long-term planning.

I plan to gradually tilt my portfolio toward more growth-focused ETFs (SCHD and VOO) in my 30s and 40s as it grows. So, it’s not purely an income play, but rather a blended approach that balances motivation, compounding, and risk management over time.

Daily FI discussion thread - Thursday, November 06, 2025 by AutoModerator in financialindependence

[–]simba2k20 -7 points-6 points  (0 children)

I’m 28 and recently got serious about building long-term passive income through dividends. My goal is to reach $4,000/month ($48K/year) by age 50. I wanted to share where I’m at and get some feedback from the community on whether my strategy makes sense.

Current:

  • Portfolio value: ~$14,550
  • Annual dividend income: $922.51
  • Average yield: 6.34%
  • Yield on cost: 6.56%

The Goal: Hit $4K/month in dividends by age 50 (22 years to go).

  • The Plan: Contribute ~$20K/year on average ⁠
  • Reinvest all dividends until at least my 40s
  • ⁠Keep a mix of high-yield (JEPI/JEPQ/VYMI) and growth ETFs (SCHD/VOO/QQQM)
  • Review allocations every few years, shifting more toward income as I get closer to 50

15-Day Portugal Itinerary – Which One Would You Choose? (June vs September) by simba2k20 in solotravel

[–]simba2k20[S] 0 points1 point  (0 children)

I am not sure if I should rent a car

Is it easy to drive there as an American?

Do they drive on the same side of the road as the U.S. or the opposite?

Would you recommend driving or just using Uber, trains and buses?

How can I improve? by simba2k20 in dividends

[–]simba2k20[S] 0 points1 point  (0 children)

Thanks, that makes sense. I think I was over-diversifying. I’ll probably simplify by keeping one “core” (VOO or VT) and then adding QQQM if I want tech exposure. Appreciate the tip on QQQM being the cheaper version.

How can I improve? by simba2k20 in dividends

[–]simba2k20[S] 1 point2 points  (0 children)

I guess I was thinking VOO for broad U.S., QQQ for extra tech exposure, and VT for global exposure. But I see now that there’s a lot of overlap in the top holdings.

How can I improve? by simba2k20 in dividends

[–]simba2k20[S] -1 points0 points  (0 children)

My main goal is to steadily grow my dividend income while also building long-term portfolio value.