07-24-2021, 10:13 PM
An update on my parent's situation. They closed on the sale of their house in early June and moved to a townhome here a few weeks ago to be close to us and the grandkids.
My dad decided that they will take some of the proceeds from the sale and invest around $75,000 in stocks over the next several months.
We ended up going to all stocks to get the dividend income a bit higher. I made a list of 15 for them, figuring roughly $5k per position when the portfolio is built out.
Here were the fifteen I picked for a watch list, which has an average yield of slightly over 4%.
MO/PM, CVX/XOM, ABBV/BMY/MRK, LMT/WSO, AVGO, VZ, O, AEP/SRE/WEC.
For the first five stocks, my Dad picked ABBV, AVGO, MO, O, and XOM and then a few shares of BX with the cash that was left.
I think this is a good base to start building his income portfolio. I'll update again when he picks the next five for purchase.
My dad decided that they will take some of the proceeds from the sale and invest around $75,000 in stocks over the next several months.
We ended up going to all stocks to get the dividend income a bit higher. I made a list of 15 for them, figuring roughly $5k per position when the portfolio is built out.
Here were the fifteen I picked for a watch list, which has an average yield of slightly over 4%.
MO/PM, CVX/XOM, ABBV/BMY/MRK, LMT/WSO, AVGO, VZ, O, AEP/SRE/WEC.
For the first five stocks, my Dad picked ABBV, AVGO, MO, O, and XOM and then a few shares of BX with the cash that was left.
I think this is a good base to start building his income portfolio. I'll update again when he picks the next five for purchase.