SCHD
Schwab US Dividend Equity ETF
stock NYSE ETF

SCHD, VOO, JEPQ and [more polular options](https://plainzer.com/best-dividend-stocks-and-etfs)

If you want to keep holding onto your current stock, you can reasonably generate 5-10% a year, depending on the stock, selling 10-15 delta weeklies. But some assignments can and will happen, without active management.
Since you are living in a tax free country (where is that? tell me, so I can move there!!), I would just let the assignment happen, and do one of the following:
* Wait until pull back to buy back in (or sell CSPs)
* Buy income focused ETFs (like O, SCHD, or one those covered call ETFs)
* Buy something else that you think is undervalued, and is going to go up.

Have you considered that your uncle might be better off with a simpler approach than what most of us dividend-obsessed folks would suggest?With $800k and only needing $30k/year (which is just 3.75% withdrawal rate), he could literally put it all in a 60/40 VTI/BND portfolio and be statistically likely to never run out of money.If he wants even more simplicity, a single all-in-one ETF like VBIAX would do the trick. Or if he's dead-set on income, SCHD + JEPI + some Treasuries would cover his needs.The bigger question is how he'll manage his investments from overseas. Will he maintain a US brokerage? Deal with currency conversion? Handle international tax issues? Those logistics might be more important than squeezing an extra 0.5% yield from his portfolio.

T Bill will get him that
Though inflation will eat it over time
SCHD used to be popular here but lately under pressure
U can combine those 2 SCHD also yield about 4% dividend u probably hit 2.5k target combine
But the SCHD will still grow each year so u can still survive inflation

FDVV, FDRR, VYM, VYMI, SCHD, DGRO...any can be used. Pick what you want.
The "general consensus" is to keep it simple. Why have multiple funds when 1 is fine.

Hey man ROC payments mean they’re giving your money back to you. I suggest divesting from all of this crap and put it into SCHD. You are risking massive capital erosion. Gotta learn about NAV.

SCHD

The first question you need to ask is how much to you spend in a year to over living expense (bills, rent mortgage and gas insurance including healthcare. Multiply that number by 1.3 (this is to insure you have some extra income after each month that can be reinvested. Total that ups and then divid the number by 2 million and then multiply by 100. That will be the yield you need to generate that income. Hopefully it will be less than 10%. without that you cannot even consider talking funds and location.
Generally for a dividend fund you want more than 10 funds. Over 60 years there is achance that one fund may have problems. So if one fund has problems you would only loose 10% of your income. With you proposed funds if one goes bad you might loose 20% of your income . Forretirment you will turn off dividend reinvestment and have a money market account were the dividends go. You brokerage may have a couple of options on dividend funds. I also have a debit card from my brokerage that allows me to spend the money. At the end of the month you want some extra money you can leave some in the money market and build up at least 4 months of cash to serve as a reserve you can tap for the unexpected bills. Anything beyond that that is in excess should be reinvested. reinvesting the excess will slowly grow your income. Hopefully enough to keep up with inflation.
As to your portfolio JEPI and SPYI are basically the same they both hold the S&P500 index and used covered calls to generate income. So pick one. I would go with SPYI which I have in my portfolio. I also have QQQI. It is similar to SPYI but invests in the same index as QQQ. SPYI has a yield of 11% and QQQI has a yield of 13% and since you like gold I would add IAUI it is like SPYI but it invest in gold and has a 12% yield. I would recomend on limiting yourself to 3 covered call funds. Other funds I have EIC 11%yield, PFLT 12%, ARDC 9%, EMO 9%, PBDC. 9%, SCHD 3.8%, SCHY 3.69% PFFA 8%, CLOZ 8%, UTF 7%, UTG 6.3%, JAAA 6%. That is 16 funds and many invest in different assets for income. I keep about the same amount of money in each. C LOZ, UTF, UTG, and JAAA are in my option the safest funds on the list. if you want you could put more money in these. Ther are no bonds in this list so add BND
I would also read the book the income factory and look at armchair income on youtube. Both are about dividend investing. Armchair income is more about reviewing funds for possible use in an income factory.

If there is a burst there will be a 15-30% loss in QQQ and QQQI. I am just trying to play middle of the road. If AI takes off and there is no bubble I did fine and if there is I rotate out of QQQI after capturing through dividends the value on SCHD which should go up significantly.
Now that I am running the covered calls and the puts I am doing even better. They can bet VOO or Tesla to the moon if they want. They may be uber rich and laughing at me but I bet that I will be doing better than the average investor and that is winning for my family...

Why not buy both FDVV and SCHD?

Need to balance the portfolio better for your age. Also, SCHD has underperforming for several months now.
At your age, need to add growth via SCHG, and not worry about dividends at all.

Stalwart’s trio- SCHD, DGRO, VYMI. Derivative setup- QQQI, SPYI, BTCI.

SCHD, SPYD and SGOV

This is similar to my approach. Im moving into QQQI, SPYI, SCHD, DGRO, and GPIQ to develop a dividend fund to pay bills if things get tight. Until I need the money, its all set to DRIP. Yes, I know im trading some gains in a bull market for extra security and stability, but im perfectly fine with that. The total return for these funds are going to yield plenty.

Im looking into something like this as well. But I'm on the fence with using SCHD as the main/core dividend fund. Should I go with DGRO, VYM, or DIVO instead? Or just stick to SCHD?

Less upside potential. SCHD has the potential for its price to rise more than the neos funds. QQQI is up about 10% since inception without dividends April 2024.
SPYI is up about 4% since inception without counting dividends since August 2022.
SCHD is is up about 10% w/out dividends since Aug 2022 and is flat since Aug 2024. Schd does not draw down much, QQQI drew down 20-25% during liberation day.

>5% CAGR over the last 15 years isn't something I'd make the backbone of my portfolio.
Bonds aren't put in a portfolio to maximize CAGR. They're put there to maximize risk-adjusted return. The risk-adjusted return for things like HYG and FALN are really good. The risk-adjusted return for SCHD is awful.

VTI + VXUS for total market & SCHD for dividend growth concentration.

What’s your game plan for this money and your portfolio? Are you retired? Is this money you want in 20 years? Looking for income portfolio or dividend growth portfolio? I sold out of my SCHD position a year ago and moved it into JEPQ, QQQI, and SPYI in my income portion.

Especially given how popular SCHD is, despite it also getting shit on a lot