Introduction
This article is a refresh and an update of an article I originally posted in 2015. However, the principles I am presenting are timeless and worthy of being revisited. Moreover, I have updated the supporting examples to more precisely reflect our current market environment.
In part 1 of this series I discussed two important principles. Number 1: be realistic with your yield objective. Number 2: determine how much income your portfolio needs to produce. The central ideas were that in order to be prudent, you should be cognizant and realistic about what the current