As the handful of people who follow this blog know, I’m looking to retire early, like within a couple years early. With that in mind, I’ve been experimenting with a couple of different investment options as I decide on which ‘bucket’ approach I will use to fund my retirement:
· 75% index fund/25% bond fund mix with a Fidelity brokerage account. To date this year, I’m up about 16.7%, with nowhere near as wide a spread as you would think between the two funds, thanks to the excellent year bonds have had. Additionally, the index fund will pay out a dividend of close to 2% in December to add to the pot.
· Dividend Investing: To date, using Robinhood, a commission-free online tool, I’ve bought into 8 different stocks that average dividend payouts of 6.2% per year. As you can see in the screenshot above, they’ve also observed solid growth year to date. In selecting these stocks, I chose companies that were at least 20% off of 52-week highs, paid a dividend of at least 4% and had solid financials (other than Coke, which I bought just because it’s Coke 😊).
Looking forward to how the rest of the year shakes out and will update more frequently in the future.