How can I generate a monthly income from my individual brokerage account?

I have an individual brokerage account through Vanguard with $10,000 in the account. Is there any way that I can take part of that amount and use it to generate a monthly income for living expenses?

Investing
Answers
Sort By:
Most Helpful
last month
100% of people found this answer helpful

Invest some or all of the money into dividend yielding ETF's and make sure the account is not configured for Dividend Reinvest. The higher the yield the higher the risk. Take a look at some REIT ETF's, Some MLP ETF's, preferred shares ETF's. Good yields there.

last month
last month
last month