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Shares / Dividends to pay for my expenses
« on: July 11, 2015, 07:10:56 pm »
Dividends to pay for everything
I would like to buy shares whose price go up over time. But it must also pay a dividend.
While I am working I would like to invest as much as I can and make sure the money grows.
When I retire or slow down, the dividends must cover the expenses.
Now let's start at one expense category like groceries. So, I want R5000 per month.
What would be the best way to approach this or do I just buy ETF and hope for the best. Surely there must be a way to calculate this?
Any help, comments or guidance will be welcomed
Cheers
I would like to buy shares whose price go up over time. But it must also pay a dividend.
While I am working I would like to invest as much as I can and make sure the money grows.
When I retire or slow down, the dividends must cover the expenses.
Now let's start at one expense category like groceries. So, I want R5000 per month.
What would be the best way to approach this or do I just buy ETF and hope for the best. Surely there must be a way to calculate this?
Any help, comments or guidance will be welcomed
Cheers