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Can You Live Off Dividends? Investor Pulls $500/Month From $178K Portfolio – 'I Feel More Comfortable This Way' With These 6 Stock Picks

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Investing in dividend-paying stocks has long been a cornerstone strategy for investors seeking both stability and passive income.

Unlike high-growth stocks, which rely heavily on capital appreciation, dividend stocks provide regular cash payouts, making them particularly attractive for those who prioritize consistent returns over speculative gains.

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Many investors, especially those approaching retirement or looking for lower-risk strategies, favor dividend stocks for several key reasons, such as predictable cash flow, lower volatility, compounding growth, and because they provide an inflation hedge.

A recent Reddit post highlights how even younger investors are incorporating dividends into their strategies. The poster, a 23-year-old with a $178,627 portfolio, shared that he is generating $6,286 annually in dividends, or about $500 per month. His holdings include a mix of ETFs and individual stocks, which balances his portfolio by providing both income and long-term growth potential.

He explains his preference for stability, stating, “I feel more comfortable this way.”

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Let's take a closer look at each of his current investments and why they might appeal to income-focused investors.

This Investor’s Assets Generate $500/Month From a $178K Portfolio

Schwab U.S. Dividend Equity ETF

Schwab U.S. Dividend Equity ETF (NYSE:SCHD) tracks high-quality U.S. dividend-paying stocks and has a history of consistent payouts and strong financial health. SCHD is a favorite among dividend investors because of its low fees and focus on companies with growing dividends. The company pays investors around 4.22% in dividends per year.

Realty Income Corporation

Realty Income Corporation (NYSE:O) is known as "The Monthly Dividend Company," because it pays dividends on a monthly basis. O is a real estate investment trust that leases commercial properties, and due to its payment system, it is ideal for investors seeking frequent income. O generates a dividend yield of approximately 5,98% per year.