09-09-2016, 11:01 AM
Adding my 2 cents late, but I'd not worry about covering every sector or building a large number of holdings. You got some great stocks and I'd center on those.
1. Make your focus on Income Generation
2. Develop and refine your list of stocks, 30 is a good number
3. I don't like cyclical stocks and avoid them
4. Add to your list of stocks when they are value priced
5. Don't be afraid to hold cash if you feel the prices are high
6. Don't sell or rebalance, hold for the growing income
7. Keep taxes in mind and that certain types of stocks should not be held in a non-registered acct
Sounds like you have a sound plan and you've gotten some good advice here.
1. Make your focus on Income Generation
2. Develop and refine your list of stocks, 30 is a good number
3. I don't like cyclical stocks and avoid them
4. Add to your list of stocks when they are value priced
5. Don't be afraid to hold cash if you feel the prices are high
6. Don't sell or rebalance, hold for the growing income
7. Keep taxes in mind and that certain types of stocks should not be held in a non-registered acct
Sounds like you have a sound plan and you've gotten some good advice here.