Or better still have them all together in one account.
It all up to your personalize strategy.
Consistency is key to investing.
Have a plan and execute diligently!!!.
Let say you have #100,000 to invest. 1. #40,000 for dividend Portfolio 2. #30,000 for Growth Portfolio 3. #30,000 for ETF growth Portfolio #dividendincome #passiveincome
Then you can put in smaller amounts every months.
To ensure your cost basis is cheaper you can Dollar Cost Average on a monthly basis.
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset to reduce volatility.
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The average #dividend yield of a typical dividend #Portfolio is 4% (non US citizens are taxed 30% on Dividends) this means as Nigerians we need to have a 6% yielding portfolio for a 4% yield (6%*70%=4%).
This is achievable by investing in a Portfolio of #diversified stocks
Passive income is income that requires little to no effort to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income.
Sources if passive income you includes...
Bank deposit
It is one of the most popular and simplest ways to gain passive income. A person gives a certain amount of money to a bank and takes interest every month
Securities
The profit, created by security, is in general inversely proportional to the risk it holds
Examples includes: stocks, bonds, preferred stocks, money market, hedge fund.
Suppose that you want to get paid #100,000/month in passive income in 10years.
Assume an annual rate of return of 8%, annual dividend increase of 6%. Annual dividend yield of 6% (4% after tax)
When men prefer their wives to cook home made meals, you go dey hear Babe why can't you cook, cooking is not designated to one gender. When it comes to paying bills Women don want to share responsibilities.
Sharing responsibilities, paying bills in the home is not designated to only one gender, make we make everything 50-50 so that all will be well at home. Women should stop playing victim when it comes to responsibilities at home.
This is the reason men have low life expectancy compared to women, because we carry too many responsibilities and the society expects we men to always provide no matter the situation. In the same vein, men are always shamed when they come short of providing.
How to be financially free in 10 to 15years in Nigeria
FOR SALARY EARNERS
1.Develop a monthly budget of expenses,savings and investments
2.Keep loose change in bank accounts;
3.Develop an emergency fund with 3 to 6 months worth of expenses and put it in @PiggyBankNG wallet to get that monthly interest then compound it every month.
4. Invest at least 25times annual income by investing in stocks for at least 10 to 15years.
Open 3 different portfolios with different strategies & develop a monthly investment plan. @trove@chaka@investbamboo to reach your FI goal. 5. Always stick to your plan.
Investing in 20 to 40 dividend paying stocks; inclusive of #dividendaristocrats & #dividendChampions building the Portfolio to yield atleast 3.5% annual income.
#50million x 3.5%( annual yield)=#1.75million, adjusting for ((30% US tax)= #1.22million dividends paid annually.
Monthly average payments (#1.22million/12months) = #102k per month. QED!!!