A better strategy is to have two separate and distinct portfolios. One portfolio is geared for income and the other is geared for growth. Although I like some of the investments in your portfolio, a total restructuring is required. After the first of the year, you should liquidate what you have and start over, which will allow you to be more diversified and balanced. Once that fund has been exhausted, begin removing principal and income from the Strong Government Securities Fund and then the Janus Flexible Income Fund.
Stocks are better for an investor if the dividends and capital gain distributions are reinvested.
By using stocks for income, LT might have to sell during a weak market. All of the funds I have recommended are totally no-load. He cannot send individual replies.