For someone who has 5+ millions portfolio and wants to live from it, the situation might be very different. I will totally understand if this person creates a hand picked portfolio of superboring utilities, cantonal banks, insurances and consumer staples. Take stocks that produce regular and steady income, which are long time in their businesses and don’t hurry to grow at any price. There is a huge chance that this portfolio will underperform the index, but who cares?
