A traveler running the YouTube channel Retire and Go spent a hot morning on Jomtien Beach in Thailand, sipping a 50 baht watermelon smoothie from a beachside shop run by a woman who lived in Vancouver for ten years and now offers Thai visa services too.
Between beach walks, he laid out a plan for building a $100,000 portfolio aimed at earning real estate style income without buying physical property. He pointed to Realty Income, ticker O, which he has held for years and which pays monthly through a mix of residential and commercial holdings managed by others.
He also discussed energy focused real estate through master limited partnerships, noting that owning MLPs directly adds extra tax filing. Instead he picked two ETFs, MLPX and MLPI, to cover that ground. MLPX keeps things simple without covered call strategies, while MLPI uses covered calls to boost monthly payouts.
He hinted at a fourth holding with just a 1 percent dividend, promising to explain why it still earns a spot in the mix, framing the whole setup around his goal of owning assets that fund a location independent lifestyle built around travel.
My Take…
Realty Income (O) for monthly checks, MLPX and MLPI to dodge MLP tax headaches, plus a mystery 1% dividend pick. Beach bum financial guru energy, honestly.
Click on the link below for the full article:
https://www.youtube.com/watch?v=LBxrudRdUOk
