Hi, I'm 27 and have made about $2 million dollars (after tax). I would like to quit my current job and take a break to travel the world and figure out what I want to be when I grow up. I want to do this living only on the dividend income and not touch the principle.
I was wondering if you guys could critique this portfolio. When I buy this portfolio I intend on mentally starting my life from scratch as I have no family or responsibilities. By this I'm saying that my risk tolerance is huge, I will basically pretend as if I'm starting my financial life from scratch, I will forget about all the money I made and the dividend income is just a bonus to fund my lifestyle.
Annual income will be about 50k a year plus principle increase. If the market crashes, and dividends are slashed to 25k a year, I'll figure out a way to ride it out. (get a job, bum it out, freelance, etc). The current set up is about a million in individual stocks diversified via sector, and another million in ETFs, covering various sectors and geographic locations.
What do you guys think?