The $1 Million Portfolio With Two Very Different Futures
Picture two retirees, each with a fresh $1 million to invest, staring at the same market on the same morning. One builds a portfolio of high-yield covered-call funds, mortgage REITs, and business development companies, aiming for roughly $100,000 in annual distributions. The other buys dividend growers yielding closer to 2%, collecting about $20,000 in year one.... The $1 Million Portfolio With Two Very Different Futures