10-25-2021, 08:08 AM
Can I live off of technology stocks?
<!-- SC_OFF --><div class="md"><p>I have about 1.5 mil that I want to invest into mostly technology stocks, (fidelity select technology portfolio, fidelity select Software and IT services portfolio, etc.) that have really great average yields of up to 17-21%. My plan would be to pick 3-4 really great stocks that have been around for a good 25-30 years, and take out maybe 8-10% every year to get long term instead of short term taxes. Everyone I’ve spoken to thinks this is a good idea, and I’ve had 2 relatives live for 5-10 years (to the present) on this strategy. I want to know what Reddit thinks. Don’t hold back!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Alone-Pudding-9040"> /u/Alone-Pudding-9040 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/qf17r5/can_i_live_off_of_technology_stocks/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/qf17r5/can_i_live_off_of_technology_stocks/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I have about 1.5 mil that I want to invest into mostly technology stocks, (fidelity select technology portfolio, fidelity select Software and IT services portfolio, etc.) that have really great average yields of up to 17-21%. My plan would be to pick 3-4 really great stocks that have been around for a good 25-30 years, and take out maybe 8-10% every year to get long term instead of short term taxes. Everyone I’ve spoken to thinks this is a good idea, and I’ve had 2 relatives live for 5-10 years (to the present) on this strategy. I want to know what Reddit thinks. Don’t hold back!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Alone-Pudding-9040"> /u/Alone-Pudding-9040 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/qf17r5/can_i_live_off_of_technology_stocks/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/qf17r5/can_i_live_off_of_technology_stocks/">[comments]</a></span>Kind Regards R