My Dividend/High Yield Investing Journey End Of March Update

Many investors choose a path, be it total return, total income, dividend growth, etc. At sixty, I find none of those alone fit what I want from my portfolio. Since I don't plan to need to take funds from my IRA until the required minimum distribution date, I see my IRA as eventually going to my two daughters. That said, none of us knows the future, so how to devise the "best way" forward?I chose to put together a two-part plan. Steady dividends, and dividend growth on one side of the ledger, and high yield stocks, preferreds, and special situations on the other.My number one goal is to build the dividend side faster than I could if I used a strict dividend growth model. This is the part I figure will pass to my daughters.The high yield/speculation side current income, funds additional purchases for the dividend side, while allowing for selling these stocks or preferreds, for funds anytime I believe a stock for my dividend side offers a buying opportunity. Having always readily available cash for that purpose gives an edge over building up cash alone for purchases."Do not go where the path may lead, go instead where there is no path and leave a trail." - Ralph Waldo EmersonI've dubbed the two sides of my portfolio expendables and dividends.In the expendables side, I buy for one of two reasons: high yield where I believe it is sustainable, or a special situation where I can increase the amount of cash available to fund future purchases in the... Read more