GPX
GP Strategies Corp.
stock NYSE

When retiring at an especially young age growth is not as important as income. You need to insure you have enough income so that you can always reinvest some of the dividend to to grow your income and you want to be as tax efficient as possible. And then if you account for healthcare you probably want to add even more. I would suggest you aim for a dividend income of 1.3X your living expenses. Also selling stock for income for any reason lower the value of your portfolio so you want to avoid that a much as possible. And with growth the only way to take advantage of it is to sell. Which is not good.
The low dividned of SCHD is not the only problem. Most of the growth you see in these funds is not in the dividned. It is in the share price. So the growth may not compensate for inflation. and it makes it very hard to get the incom you need. And ther are better funds that yield more without using covered calls. And 4 funds doesn't really add a lot of diversification of income.
You would be better of with GPX 8% yield, GPIQ 10%, ARDC 9%, PBDC 9%, EMO 9% CLOZ 8%, PFFR8%, UTF 7%, UTG 6.4% JAAAA 5.5%, FAGIX 5%
UTF and UTG are 20 years old fund that have never cut there dividned, FXGIX is 40 years old and has never cut it dividend. And these all payed thought 2008 the worst market year since \`1930. ARDC no dividned cuts JAAA and CLOZ are new funds but they invest in an asset that has 30 history of paying a stable dividned. The stability of these assets is highly desirable for the fund that must last 50 years. And they all pay a higher yield SCHD and VYMI.
Once you reach your income goals. Put any extra in grout index fund for maximum growth. Then every 4 years. harvest Juust the growth that has occurred in those 4 years. Don't sell your original investment. Then reinvest the harvested gowth and then reinvest that back into your dividend funds This will avoid depleting your growth like he 4% rule does and provides income growth . Fro this portfolio I would turn off automatic dividend reinvestment so all dividend show up as cash in a money market account. I keep 6 months in the money market account and and spend most of the excess and portion that is reinvested every mont.

When retiring at an especially young age growth is not as important as income. You need to insure you have enough income so that you can always reinvest some of the dividend to to grow your income and you want to be as tax efficient as possible. And then if you account for healthcare you probably want to add even more. I would suggest you aim for a dividend income of 1.3X your living expenses. Also selling stock for income for any reason lower the value of your portfolio so you want to avoid that a much as possible. And with growth the only way to take advantage of it is to sell. Which is not good.
The low dividned of SCHD is not the only problem. Most of the growth you see in these funds is not in the dividned. It is in the share price. So the growth may not compensate for inflation. and it makes it very hard to get the incom you need. And ther are better funds that yield more without using covered calls. And 4 funds doesn't really add a lot of diversification of income.
You would be better of with GPX 8% yield, GPIQ 10%, ARDC 9%, PBDC 9%, EMO 9% CLOZ 8%, PFFR8%, UTF 7%, UTG 6.4% JAAAA 5.5%, FAGIX 5%
UTF and UTG are 20 years old fund that have never cut there dividned, FXGIX is 40 years old and has never cut it dividend. And these all payed thought 2008 the worst market year since \`1930. ARDC no dividned cuts JAAA and CLOZ are new funds but they invest in an asset that has 30 history of paying a stable dividned. The stability of these assets is highly desirable for the fund that must last 50 years. And they all pay a higher yield SCHD and VYMI.
Once you reach your income goals. Put any extra in grout index fund for maximum growth. Then every 4 years. harvest Juust the growth that has occurred in those 4 years. Don't sell your original investment. Then reinvest the harvested gowth and then reinvest that back into your dividend funds This will avoid depleting your growth like he 4% rule does and provides income growth . Fro this portfolio I would turn off automatic dividend reinvestment so all dividend show up as cash in a money market account. I keep 6 months in the money market account and and spend most of the excess and portion that is reinvested every mont.