A monthly portfolio memo
Cash Flow
Reliable, substantial, and consistent income.
A model portfolio built for dependable, growing income from dividend-paying securities — specific holdings, precise weightings, current yield data, and the research and reasoning behind every change, every month.
The goal
Income you can live on,
month after month.
Reliable, substantial, consistent, and growing current income — to live on, reinvest, or use however you see fit, built to be dependable quarter after quarter and to grow over many years.
This is not a collection of high-yield tickers. It’s a fully built income strategy — real cash flow you can count on, from sources you can understand and trust.
It’s built for investors who prioritize cash flow — whether you’re supplementing your income, building toward financial independence, or already living off your portfolio. Quality, sustainability, and steady growth of the income stream.
Why the memo
No financial engineering.
No gimmicks.
Every dollar of income is real
Plenty of income funds inflate their yields with financial engineering — covered-call strategies that cap your upside, or distributions funded by destructive return of capital that quietly erode your principal. The headline yield looks impressive, but the income isn’t real. The Cash Flow portfolio doesn’t rely on any of that. Every dollar comes from actual dividends and distributions generated by real businesses. What you see is what you actually earn.
Cheaper where it counts
For income investors, costs aren’t just a drag on returns — they’re a direct cut to your cash flow. A fund advertising a 5% gross yield with a 1% expense ratio is really delivering 4% to your pocket. The memo gives you the full model portfolio — exact holdings, weightings, yield data, monthly updates — for a fraction of what fund fees would cost, so you keep more of the income your portfolio generates.
Income you can actually depend on
A sky-high yield means nothing if the dividend gets cut six months later. The portfolio is built around four principles: reliable — the underlying businesses can sustain their payouts through different market environments; substantial — the yield is meaningful enough to matter; consistent — the income arrives on a predictable schedule you can plan around; and growing — positioned so your income stream increases over time, not just holds steady.
Taxable when it matters, efficient where it counts
Counterintuitive, but deliberate: most of the portfolio’s income is taxable — and for many income investors that’s an advantage. For U.S. residents buying health insurance through the ACA Marketplace, premium-subsidy eligibility is based on taxable income — income that doesn’t show up on your return can work against you. At the same time, a meaningful portion of the income qualifies for long-term capital-gains rates, which are significantly lower than ordinary rates for most investors.
Performance
Total return, and the
yield behind it.
Cumulative percentage total return of the model portfolio versus its benchmarks since inception — price appreciation plus reinvested dividends — and the trailing-twelve-month yield the portfolio is generating.
Past performance is not indicative of future results. The model portfolio is hypothetical and does not represent an actual investment account. Please review our Investment Disclaimer for important information.
TTM yield is the total income distributed over the prior twelve months as a percentage of portfolio value — a real-time picture of the income the portfolio is generating. Updated monthly.
Put your money to work.
Billed monthly. No long-term commitment — cancel anytime from your account.
The complete model portfolio, current yield data, the monthly issue, daily weight updates, and every intramonth trade notification.
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