How should I invest $3,600?

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miamivice
Posts: 2973
Joined: Tue Jun 11, 2013 11:46 am

How should I invest $3,600?

Post by miamivice »

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.
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retired@50
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Joined: Tue Oct 01, 2019 2:36 pm
Location: Living in the U.S.A.

Re: How should I invest $3,600?

Post by retired@50 »

miamivice wrote: Sat Sep 18, 2021 4:24 pm Any suggestions on how to invest the extra $3,600?

Keep in mind goal is to earn dividends that I use as spending money.
Altria is missing from your list. Ticker = MO
https://finance.yahoo.com/quote/MO?p=MO

Regards,
If liberty means anything at all it means the right to tell people what they do not want to hear. -George Orwell
Monsterflockster
Posts: 980
Joined: Wed Nov 20, 2019 11:03 pm

Re: How should I invest $3,600?

Post by Monsterflockster »

VTI & chill.
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anon_investor
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Joined: Mon Jun 03, 2019 1:43 pm

Re: How should I invest $3,600?

Post by anon_investor »

Why is the entire account not just SCHD?
Yarlonkol12
Posts: 974
Joined: Thu Apr 11, 2019 4:28 pm

Re: How should I invest $3,600?

Post by Yarlonkol12 »

anon_investor wrote: Sat Sep 18, 2021 4:32 pm Why is the entire account not just SCHD?
+1

Also look at VYM or SPHD
My posts are for entertainment purposes only.
dan7800
Posts: 390
Joined: Wed Apr 07, 2021 5:49 am

Re: How should I invest $3,600?

Post by dan7800 »

Monsterflockster wrote: Sat Sep 18, 2021 4:29 pm VTI & chill.
VTI & VXUS or VT
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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?

Post by bertilak »

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.
I say use whatever criteria you used to come up with your current list of investments. Why give up on your process now?
May neither drought nor rain nor blizzard disturb the joy juice in your gizzard. -- Squire Omar Barker (aka S.O.B.), the Cowboy Poet
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