Yeah, that's reasonable advice. Not a big fan of growth ETFs but a small % can be added.
After investing and reading books about Dividend investing I've changed my perception of risk...
Why own (ASX)300 Companies if 10 Blue-chips have nearly 50% of the entire AU share market?They are well-established, highly profitable, abundantly cash-generating companies, have thousands of employers country-wide, and global operations, pay regular dividends for decades and give 100% franking credits.
Worst-case scenario: Literally, all these companies' SP would have to go to zero, and go bankrupt at the same time and only the capital invested would be lost.
But dividend investing is a deb-free strategy, so there is zero chance of you going bankrupt and equity will be built slowly.
For me, the risk-reward ratio is worth it.
Ann: Dividend/Distribution - WDS, page-84
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