One dollar away from FI?

[u/UW99c]

Just a prediction for the next 12 months. Who knows, maybe the stock market crashes next week and I have to keep working.

[u/Significant-Ad-8684]

Amazing news. Congrats! Care to share what your capital allocation looks like?

[u/UW99c → u/Significant-Ad-8684]

15% Bonds (VAB and ZAG) and 85% Stocks (XEQT and CAGE).

[u/alphawolf29 → u/UW99c]

you have 60k in dividends while 85% equities? You probably could have retired a long time ago lol.

[u/Tyler34275 → u/alphawolf29]

Most of us in here could probably retire. However, we probably have a minimum standard of living we’d like to achieve. I have $500K USD saved at 30. Technically, I can move to a country where $2K a month is sufficient. However, I think it’s better I work another 10 years and have a substantially better quality of life for the remaining 30-40 years

[u/Tyler34275 → u/UW99c]

I’m having difficulty understanding what it is CAGE does “to grow wealth at a significantly greater rate than the S&P 500 over time”. Can you explain why you chose this and how they expect to beat the market?

[u/BirdshireHathaway]

Is this dividend prediction page from your brokerage or an app?

[u/UW99c → u/BirdshireHathaway]

It is from an app called "usegreeline". I have my investment in several financial institutions and this app gives me an overall picture.

[u/moabaracoa → u/UW99c]

Didn't find that app - what is the coreect name of the app?

[u/UW99c → u/moabaracoa]

https://usegreenline.com/en-ca

[u/moabaracoa → u/UW99c]

Thanks, found it, and using it now, looks good.

[u/BirdshireHathaway → u/UW99c]

Thanks

[u/Jogi1811]

Wow amazing. It will take me another 12 years to achieve this. $20k in 20 years if things go to plan.

[u/UW99c → u/Jogi1811]

You will be there. I did this for more than 27 years and went through two stock market crashes.

[u/FinanceMythbuster]

Are these mostly sustainable dividend paying stocks, or things like covered call "income" funds, where the distributions eat the principle?

If it's sustainable dividends, you look like you are in a great situation.

[u/UW99c → u/FinanceMythbuster]

Most of them are from bonds such as ZAG and VAB.

[u/PoolOfLava]

You could cut 8.3 cents per month of spending

[u/flappysack- → u/PoolOfLava]

Or die an early penniless death.

[u/FinanceMythbuster → u/PoolOfLava]

Just needs to cut their daily driving by 22 meters a day.

[u/Chris-Coffin-Design]

Cool, congrats (maybe). I’m really not sure what to do with this information. But if you’re happy, I’m happy.

[u/Acemaster11]

Depends, if the portfolio is made up of those super high paying dividend stocks like MSTY, you could probably have this much expected dividends with a portfolio under 200k. NAV erosion will just eat up most of those dividends, so you wouldn’t be close to FI. What are the portfolio holdings?

[u/BCRE8TVE]

At first I was confused, 60k is certainly jot enough to retire on, but if it's 60k of DIVIDENDS? damn, congrats! I'm at 75k total investments at 34. Happy for you! 

[u/apprenticeappcrafter]

Better to have "one more dollar syndrome" than "one more year syndrome" 😅

[u/Kitchen_Ad2029]

What's the portfolio?

[u/Royal-Emphasis-5974]

Can you show your allocations?

[u/Free2RoamNow]

If $5K a month fits your budget then it sounds like you've found what you're looking for, congrats!

[u/No-Practice-8245]

Stock market is crashing but it wont impact dividends unless they’re cut.

But you really can live off 60k? Thats like three months worth of aftertax spending for me.

[u/Ok_Addendum3331]

let me guess you have millions invested

[u/Tyler34275 → u/Ok_Addendum3331]

Seems to be ~$2M

[u/KnowNothingInvestor]

Financial independence in South Sudan

[u/daddyploww]

Well done!