You will probably go broke because you are expecting the market to give you a living.Read Reminiscences of a stock operator E Lefevre & Sensible share investing A Donnelly. Basically you need $400k invested at 5 per cent for a reliable income stream.Your mind must be absolutly worry free when you invest and take completely contary positions in stocks to the rest of the herd.I have seen the professionals operate and they are so far ahead of the game it is scary & even they get it wrong now and then.Realistically a good outcome is market rate + 5 per cent.I advise you to buy $500 worth of wam cho psi mlt ,they will keep you posted on their portfolios and its changes.Then figure out why they bought what they did.You will be left scratching your head but you will be amazed at how early the pros see the trends. Its probably better on reflection to save yourself all the headache and simply buy that bundle of stocks and that way you will at least have a (sort of) balanced portfolio.
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