ZUP
BMO US PFD SHARE INDEX ETF
stock TSE

Pretend you have $1 million in cash today to invest and you need to generate $50,000 (or more) in annual cash flow indefinitely, increasing annually to account for inflation. What are you going to invest in? The cash flow must be sustainable: no significant erosion of capital through things like return of capital from income-generating funds. Assume 50% is in non-registered accounts and 50% is in registered accounts. No other income.
For me, it would be some combination of stale dividend-generating ETFs (e.g., XEI.TO, CYH.TO, VRIF.TO), fixed income (e.g., BND.TO, XHY.TO, HAF.TO), preferred shares (e.g., CPD.TO, ZPR.TO, ZUP.TO), with a 1-2 year cash buffer (e.g., CBIL.TO, ZMMK.TO).
What would you do?

Pretend you have $1 million in cash today to invest and you need to generate $50,000 (or more) in annual cash flow indefinitely, increasing annually to account for inflation. What are you going to invest in? The cash flow must be sustainable: no significant erosion of capital through things like return of capital from income-generating funds. Assume 50% is in non-registered accounts and 50% is in registered accounts. No other income.
For me, it would be some combination of stale dividend-generating ETFs (e.g., XEI.TO, CYH.TO, VRIF.TO), fixed income (e.g., BND.TO, XHY.TO, HAF.TO), preferred shares (e.g., CPD.TO, ZPR.TO, ZUP.TO), with a 1-2 year cash buffer (e.g., CBIL.TO, ZMMK.TO).
What would you do?