04-13-2021, 08:33 AM
Wanted to get input from the board on something I've been working on for my parents.
They recently accepted an offer for their house and will be downsizing and moving closer to my family. My dad wants to invest some of the proceeds from the sale and asked me to come up with some ideas for investments. This is what I put together, assuming $100k available to invest.
My thinking is spending half on 20 stocks that pay reasonable dividends with some growth, and then putting the other half into 5 ETFs, with three being dividend growth type funds and the others covering the tech and health care sectors.
This would give him roughly $220 a month to start, with my expectations for about 7% annual income growth going forward.
I could have went higher with the income, but I wanted to give him some growth as well. With all 5 of the funds producing double-digit annual returns over the last decade, I think the portfolio has a nice mix of the two.
Thoughts?
They recently accepted an offer for their house and will be downsizing and moving closer to my family. My dad wants to invest some of the proceeds from the sale and asked me to come up with some ideas for investments. This is what I put together, assuming $100k available to invest.
My thinking is spending half on 20 stocks that pay reasonable dividends with some growth, and then putting the other half into 5 ETFs, with three being dividend growth type funds and the others covering the tech and health care sectors.
This would give him roughly $220 a month to start, with my expectations for about 7% annual income growth going forward.
I could have went higher with the income, but I wanted to give him some growth as well. With all 5 of the funds producing double-digit annual returns over the last decade, I think the portfolio has a nice mix of the two.
Thoughts?