Folks, I need you help on this one. I need to invest some money for the old man. all is needed if for it to generate a 1000 monthly taxable income from a 150k lump sum. i'm aware how to easily generate such returns, The problem is how to minimize volatility. I was thinking 25 % quality dividend generating (T, VZ, Con ed, KMB....) 25 % junk bonds (JNK, HYG) 25 % BAB (build america bonds) 25 % corporate bonds. Any ideas ?