No. of Recommendations: 3
get feedback on my plan ... create our own little "mutual fund" of dividend paying stocks. ...
I plan to keep a cash reserve equal to 2 -3 years of the minimum needed to meet the bills.

Does this sound like it is too risky?

Yes and no.

Risky? Not really, except that you'll be leaving a lot of money on the table.

Good ideas? No. Neither of them. They are *attractive* ideas, but the hard-to-see shortcomings of these ideas are ugly.

The benefit of the cash reserve thing -- is essentislly a mirage.

The dividend thing --- you'll probably get a lot of replies that talk about "dividend champions", etc.

Larry Swedroe has written a few articles that convinced me that focussing on dividends is a bad idea. Some links:
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