Asked by Anonymous
Asked on 08 Feb 2019
I am looking especially for those with monthly/quarterly dividend payouts and the option to reinvest the payouts direct. My end goal is to reach around 40-50k per annum through dividend payouts alone. Is it possible?
Top Contributor (Jun)
If you have some investment horizon, look for growth first instead of dividends. You'll need to accumulate a million dollar portfolio to give you 50k per annum dividends.
Also, you can set one up with an FA using funds, or look at individual bonds and stocks and REITs.
08 Feb 2019
09 Feb 2019
It's possible since I'm aiming for about 70 - 72k dividend payouts myself for my own retirement.
You'd need between 700k - 900k to be comfortable and maybe less if you're want it urgently.
I also offer such instruments that do exactly what you want - you can have monthly income sent directly to your bank, automatically rebalanced and if you're not using the payout you can reinvest it.