Daily Advice Thread - All basic help or advice questions must be posted here.

  • How old are you?

33 y/o

  • Are you employed/making income? How much?

$350k per year

  • What are your objectives with this money? (buy a house? Retirement savings?)

Generate yearly income of $200k per year from dividends/returns

  • What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)

I'd like to balance high risk with more mid to low risk

  • What are you current holdings? (Do you already have exposure to specific funds and sectors?)

VOO, VTI, FSCSX, SPY, one REIT, APPL, various other single stocks in the tech/defense/aerospace industries

  • Any other assets? House paid off? Cars? Expensive significant other?

No debts, no assets. Car paid off and in great condition

  • What is your time horizon? Do you need this money next month? Next 20yrs?

In 2-3 years I would like to have acquired the necessary money to live off the dividends and returns.

  • Any big debts?

No debt

  • Any other relevant financial information will be useful to give you a proper answer.

I do not have children, I have retirement accounts that I max out (including a SEP-IRA). The highest expenditure I have is my rent which is about $2k per month on my part. I do live in a very expensive city.

/r/investing Thread