Have about 20 stocks of almost equal weightage in the dividend stock portfolio. The goal is to achieve a passive income equals to the annual expenses (excluding income tax). The criteria is safety rather than appreciation of the stock price & stability of dividends. The idea was conceived before Apple starts distributing dividends. Now that Apple distributes dividends, its purpose is redundant but didn’t bother to dismantle it, just don’t add. Mostly defensive stocks in the portfolio such as RSG, WM, VZ, PG, JNJ, PCG, AEP, and AWK.
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