59-Year-Old Dividend Investor Earning $17,800 a Month Shares Portfolio — ‘So Nice Living Without Worrying About Money’
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Dividend stocks provide downside protection to investors during difficult times in the market. They have also historically performed well when interest rates begin to go down. Data from Ned Davis Research shows that dividend stocks outperformed non-dividend counterparts in the first nine months of easing cycles.
Last year, someone asked dividend investors on Reddit how much they were earning per month. Many income investors shared impressive numbers and portfolios in response to the question, but one particular comment caught our eye.
Don’t Miss:
An investor said he was generating about $17,800 per month in dividend income. He shared the names of seven dividend funds in his portfolio.
“I turned 59 1/2 October 29 and after 39 years of investing, I can finally tap my 401k/Roths without penalty, and it’s so nice living without worrying about money. I planned on retiring, but I love my job, and my boss made me an offer I could not resist,” he said in a separate comment on Reddit.
When asked how much he had invested in total to generate the income, the investor said it was about $260,000. He was getting this extremely high yield because most of his portfolio consisted of risky covered call ETFs that are volatility and cap growth potential of capital.
Nonetheless, it would be interesting to see what this investor had in his portfolio. Let’s begin
Trending: Deloitte’s fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!
YieldMax COIN Option Income Strategy ETF
YieldMax COIN Option Income Strategy ETF (NYSE:CONY) makes money by selling call options on Coinbase Global (NASDAQ:COIN). CONY is a risky investment since its upside potential is capped due to the covered call strategy and its performance is linked to a single company operating in the volatile crypto industry. The fund has a distribution rate of 103% and pays monthly. CONY is down 37% over the past 12 months.
YieldMax TSLA Option Income Strategy ETF
YieldMax TSLA Option Income Strategy ETF (NYSE:TSLY) is a popular dividend ETF for income investors seeking high yields. With a distribution rate of 53%, TSLY generates income by selling call options on Tesla (NASDAQ:TESLA) shares. TSLY is down 30% over the past year.
Source link
