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Generating Ridiculous Income with Covered Call ETFs
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I love dividends.
They're super passive and if you buy great companies, you get the trifecta of
1. Income
2. Capital appreciation
3. Inflation beating income growth
They're super passive and if you buy great companies, you get the trifecta of
1. Income
2. Capital appreciation
3. Inflation beating income growth
If you're seeking extra income though, you might want to consider Covered Calls.
If you're a little overwhelmed by the strategy, there are a number of funds that you can outsource to.
If you're a little overwhelmed by the strategy, there are a number of funds that you can outsource to.
GlobalX provides some very nice funds for those wanting to limit downside AND generate higher income than a normal DGI strategy might.
They manage 3 ETFs with this strategy:
$XYLD
$QYLD
$RYLD
They manage 3 ETFs with this strategy:
$XYLD
$QYLD
$RYLD
$QYLD
Tracks the Nasdaq 100 Index
Monthly Distributions
11.54% 12 month trailing yield
0.60% Expense Ratio
Tracks the Nasdaq 100 Index
Monthly Distributions
11.54% 12 month trailing yield
0.60% Expense Ratio
$RYLD
Tracks the Russell 2000 Index
Monthly Distributions
11.00% 12 month trailing yield
0.60% Expense Ratio
Tracks the Russell 2000 Index
Monthly Distributions
11.00% 12 month trailing yield
0.60% Expense Ratio
If you're interested in learning more about writing Covered Calls on your own, @BusinessFamous has written a nice guide on it.
Check it out with my referral link: https://gumroad.com/a/399963251/DHxdC
Check it out with my referral link: https://gumroad.com/a/399963251/DHxdC
