Dividend Outline

Objective

Recently the company I work for offered, that we can buy Long Term Care Insurance.  Interesting idea. So I enquired more. The policy would pay up to 3x the contract value and per month one can pull 4% to cover long term care expenses. If I leave the company, the policy would come with me, and as long as I keep paying the premium, the policy stays active. If I for whatever reason, I can't pay the premium all is lost. This did not sit well with me. 

I remembered seeing articles from Steven Fiorillo posting on Seeking Alpha 100$ Week in Dividend Portfolio .

Now there is an idea. I could model a long term care dedicated account based on that idea. And if I can't contribute anymore, the money is still in my account paying dividends.

If I add 25$, 50$, 75$ or 100$ a week does not matter for the concept.

Details

• Generate dividend income from ETF's or stocks
• All dividends must be reinvested
• No MLP's 
• Yield goal for the portfolio is 4+%
• Source for inspiration is Steven Fiorillo, Article 100 $ week for dividends
• Other sources of inspiration FerdiS (dividend payers only) 

Additional Notes

• Create a cash account with Fidelity (They have fractional shares)

• Max 50 positions for now

• ETFs, Close End Funds fall under the category that they represent

• SPY/XYLD/RYLD go as Other

• Sectors go for the sector they stand for

• Funds will be equally  distributed between tickers initially 

• ETFs/Close end funds must have less than 1.50% management fee

• div growth stocks can be added and should get 0.5% yield to allow for a positions like MSFT/AAPL/AVGO

Catching Up

When I started this journey in August, Steven was in week 22 of his journey. I moved 3k into the account to have something to work with. Now it is week 26 and I have invested about 21weeks of capital. So I still have some catchup to do.

Exits

• Dividend cuts (dramatic)

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do your own independent research and consult a professional broker or financial advisor.