I have $3,600 in cash in my "trust fund" account. This account is where I stash extra cash that we make from consulting (using vacation time to take on consulting gigs in lieu of going on vacation), and has about $87,000 in the account including the $3,600 cash. The idea is that I invest in high dividend stocks or funds and then use the dividends as spending money on whatever I want.
So today I have $3,600 in this account and would like to invest it. I have the following current investments:
BP - $6000
Conagra - $8300
Lamb Weston - $3585 (spinoff from Conagra a few years back)
Pfizer - $12,000
Proctor and Gamble - $19,900
Southern Company - $12,000
Vanguard Utilities Fund - $15,000
Exxon Mobil - $4,700
Any suggestions on how to invest the extra $3,600? I am leaning toward Vanguard Utilities Fund but open to other options too.
Keep in mind goal is to earn dividends that I use as spending money.
How should I invest $3,600?
- retired@50
- Posts: 12834
- Joined: Tue Oct 01, 2019 2:36 pm
- Location: Living in the U.S.A.
Re: How should I invest $3,600?
If liberty means anything at all it means the right to tell people what they do not want to hear. -George Orwell
-
- Posts: 980
- Joined: Wed Nov 20, 2019 11:03 pm
Re: How should I invest $3,600?
VTI & chill.
- anon_investor
- Posts: 15122
- Joined: Mon Jun 03, 2019 1:43 pm
Re: How should I invest $3,600?
Why is the entire account not just SCHD?
-
- Posts: 974
- Joined: Thu Apr 11, 2019 4:28 pm
Re: How should I invest $3,600?
+1
Also look at VYM or SPHD
My posts are for entertainment purposes only.
Re: How should I invest $3,600?
VTI & VXUS or VT
- bertilak
- Posts: 10726
- Joined: Tue Aug 02, 2011 5:23 pm
- Location: East of the Pecos, West of the Mississippi
Re: How should I invest $3,600?
I say use whatever criteria you used to come up with your current list of investments. Why give up on your process now?miamivice wrote: ↑Sat Sep 18, 2021 4:24 pm I have $3,600 in cash in my "trust fund" account. This account is where I stash extra cash that we make from consulting (using vacation time to take on consulting gigs in lieu of going on vacation), and has about $87,000 in the account including the $3,600 cash. The idea is that I invest in high dividend stocks or funds and then use the dividends as spending money on whatever I want.
So today I have $3,600 in this account and would like to invest it. I have the following current investments:
BP - $6000
Conagra - $8300
Lamb Weston - $3585 (spinoff from Conagra a few years back)
Pfizer - $12,000
Proctor and Gamble - $19,900
Southern Company - $12,000
Vanguard Utilities Fund - $15,000
Exxon Mobil - $4,700
Any suggestions on how to invest the extra $3,600? I am leaning toward Vanguard Utilities Fund but open to other options too.
Keep in mind goal is to earn dividends that I use as spending money.
May neither drought nor rain nor blizzard disturb the joy juice in your gizzard. -- Squire Omar Barker (aka S.O.B.), the Cowboy Poet