Determine your monthly expenses. Multiply it by 12, so you get your yearly expenses. As an example, suppose you need 12,000 USD/month (so 120,000 USD/year).
Calculate the total portfolio value by dividing your yearly expenses by the dividend yield. Suppose you get a 10% dividend yield — you'd calculate 120,000 / 0.1.
You've found how much you must invest! You require a portfolio of 1,200,000 to produce a 10,000 USD dividend on a 10% dividend yield.
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