How much stock to make $1,000 a month in dividends?
How can an investor determine the amount of stock needed to generate a monthly income of $1,000 through dividends? What factors should be considered when making such a calculation, and how can the investor ensure that the portfolio is diversified enough to mitigate risk while still achieving the desired income target? Additionally, what are some potential risks associated with relying solely on dividend income, and how can they be mitigated?