rick,

I have lots of time to kill this afternoon and this question has intrigued me. Here is the portfolio I would construct for this young woman:
10 MMM
50 FTS
40 TRP
20 RY
Cost (including commissions) would be approx. $9950.
Annual dividends (at current rates) would be approx. $310.
Yield would be approx 3.25%.

Dividend increases will be coming from MMM, RY, and TRP in the next couple of months. FTS just announced its most recent dividend increase.

Once a year the young lady will rebalance her portfolio by buying a few shares of whatever company is most underweighted in the portfolio.

One phone call to set up the account and thereafter one phone call per year to rebalance the portfolio. That is pretty close to what a robo-advisor would do.

Any idea what this little portfolio would be worth in 50 years?