QQQ - How To Earn 7% Passive Income With 10 Funds Portfolio

2024-02-10 09:00:00 ET

Summary

• We publish regularly on individual DGI stocks and a multi-bucket system to generate passive income. This article deviates from our regular strategy and aims to keep it simple with just ten funds.
• We discuss how a simple portfolio of ten funds can provide more diversification than we need and a generous passive income in a relatively safe manner.
• Just like with any investment, we cannot take things for granted, and we still need to be aware of the risks and periodically monitor the funds for any red flags.

Introduction:

We generally write about individual stocks that pay growing dividends. We also frequently advocate having a diversified multi-bucket system. These buckets usually have different goals and objectives, providing an overall well-rounded portfolio. But in the process, we end up with at least 30 stocks and securities, sometimes even more. There are certainly many advantages of having such a portfolio, which range from almost no fees to growing dividends and aiming for market-beating returns.

But let's face it. Not everyone is interested in researching, holding, and then monitoring 30-40 individual stocks and securities. Some people do not have the time, others do not have much interest, and then there are others who just want to keep it simple for themselves and their heirs. Even then, they still need and want their investments to provide high income in a sustainable and relatively safe way during their retirement years....

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