How To Never Run Out Of Money With a $2M Portfolio

This is exactly how I would live off $2M in retirement and never run out of money 🌟💸

1. I would invest $2M in S&P 500 companies or low cost index funds
2. Because the dividend yield is around 1.4%, I would get around $28k worth of dividends every year
3. I would sell 3% - 4% of my portfolio every year, giving me $60k - $80k a year
4. I would sell covered calls to collect thousands of dollars every month
-Steve

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[tracik]

Would love to learn step by step how to do covered calls

[CraigE-ozkv]

Yup slow and steady wins the race. Nice Steve.

[Handlethis.]

What’s about the new Bricks money, how will it affect the U.S. economy? The intention is to replace dollar to oil?

[cryptoenthusiast]

Hi Steve. How do you decide which strike price to use for your SPY covered calls, and would you use the wheel strategy if the shares are called away?

[jdone]

How did you get the one million. And how long did it take

[flyingspur]

This guy is too young, he doesn't remember or wasn't around in 08' and 09'. What would he had done then, that's the question.

Would he be so confident after personally watching the s&p drop and lose most of its value?

The emotions somebody feels watching something like that happen right in front of you changes you forever.

When the s&p was around 700, would your percentages sustain you? Would you really want to take off some of your position during that fall?... When that is actually a time to increase and buy more in the face of absolute fear and pain???

[InternetStuff]

Well this is stuff worth hearing... Nice! 👍

[Chris-slwh]

Why are Bogleheads so against dividends???

[kevinle]

where you get 2M to invest with in the first place 😅

[successfulusername]

Right up until you realize taxes exist on each of those strategies and that 30k turns quickly into 15k
And that 10% return is inconsistent. What happens when it dips to -10% and you’re selling the next 5 years worth of returns?

Let me ask you this- do you make more money investing or making YouTube?

[daleferguson]

😅😅😅 I would buy BITCOIN 😮 or Microstrategy and Tesla 😮😮 (you suck at investing )