10 years of steady investing turned into a $1 million portfolio paying $12,400 a month
4 min read · RealCase summary
A Reddit user who works for a state university spent about 10 years dollar-cost averaging into a portfolio built around high-yield income ETFs from NEOS, including BTCI (a Bitcoin-linked high-income fund paying around a 27% distribution rate), QQQI (a Nasdaq-100 covered-call fund), IAUI (a gold-linked fund yielding around 12%), SPYI (an S&P 500 covered-call fund yielding around 12%), and CSHI (a Treasury-focused income fund).
The portfolio grew to roughly $1 million and now throws off about $12,400 a month in dividend income, above his original $10,000-a-month target.
"I've been dollar cost averaging for 10 years. The strategy is be disciplined. Everything else is just numbers," he said, adding that despite hitting the goal, he considers himself "far from retirement." He shared the results on r/Dividends, a subreddit with 246,000 members.
Key takeaways
- ›Dollar-cost averaged consistently into the portfolio for about 10 years, regardless of market conditions
- ›Diversified across income ETFs tracking Bitcoin, the Nasdaq-100, gold, the S&P 500, and Treasury bills
- ›Reached a ~$1 million portfolio generating about $12,400/month in dividend income, beating a $10,000/month goal
Original source
Read the original (Yahoo Finance)
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