How many stocks in a portfolio?

[fenders53]

(04-30-2021, 07:18 PM)cannew Wrote:

(04-29-2021, 03:58 PM)ken-do-nim Wrote:

(04-29-2021, 03:53 PM)cannew Wrote: I've been retired well over 12 years and we own 11 stocks in all of our accounts which we've owned most of them, most of our retired years. We own several in different accounts, but just 11 companies in all. Our investment income is just about double our annual expenses, and we don't expect to sell unless something really bad happens to a company, and we never sell to take profits.

Hi cannew!  I've been looking forward to hearing from someone who is in the drawdown phase and is living the life.  Can you share the magic 11?  I'm really curious what portfolio someone can actually live off of.

I'm from Canada and own just stocks I consider quality dividend growth stocks. There is no great secret to achieving sufficient investment income:
1. Stick with quality DG stocks
2. Reinvest the dividends
3. Buy when they provide a reasonable yield
4. Add to the ones you own or add others
5. Avoid fixed assets, high yielding stocks and ETFs
6. Never sell as long as your income continues to grow.
7. Increase the funds you add, as your income grows
8. Max out your  Roth IRA and IRA.

Check out my blog: https://risingyieldoninvestments.blogspot.com/

Enough material on this list to keep investors busy debating for life.