Reallocation
to apportion or distribute (something) in a new or different way
I’m not talking about investing with this title. I’m talking about resources. Yes, that includes money, but it also refers to time.
Right now I’m getting about a 5% yield on my Beer Money Dividends portfolio. I’ve been building it for 3 years with mostly online side hustles.
From the very beginning I said I already had a boring, lazy portfolio that invests mostly in the S&P 500 for retirement and also holds some bonds. I have an emergency fund. All of that is in place.
I also set a new goal of $200 a month by the end of this coming year for my Beer Money Dividends portfolio. I still want that. I still want monthly payouts. I learned a lot about asset and sector diversification. I learned a lot about how investing works.
I want to simplify. And I think I can.
I’m considering a big shift in my approach that will maintain my yield, maintain my monthly payouts, protect me in a downturn, save me more on taxes, and give me more time.
This is what I’m considering…
| Ticker | Weight | Asset Class | Reason |
| MUNY | 25% | NY Municipal Bonds | Safety: Tax-free NY floor. |
| DGRW | 18% | U.S. Quality Dividend Growth | Growth: Inflation protection engine. |
| DIVO | 20% | U.S. Enhanced Dividend | Quality: Low-volatility blue chips. |
| IDVO | 20% | International Enhanced Div. | Global: International diversification. |
| JEPQ | 17% | Nasdaq Equity Premium | Income: The booster to get over 5%. |
I live in the state of New York so MUNY will give me tax-free income and likely won’t fall in a downturn. DGRW is slow and steady, but will likely keep increasing its payouts and protect me against inflation. DIVO and IDVO are great for low-volatility, safety, and diversification, and JEPQ will provide higher (riskier) income, but can still take a hit without drastically affecting me. It may even provide more income during volatile markets.
This will lag the S&P 500, but my portfolio already does that. It’s an income portfolio and with both an emergency fund and retirement account, I’m not too worried here. I could lower volatility, but that would lower yield so this feels like a decent balance.
This will simplify everything, save me time, and get me closer to my end of year goal.