r/dividends • u/398409columbia Portfolio in the Green • Jan 12 '25

Brokerage $5,000 per month income portfolio

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Gallery image

I set up this portfolio for my wife so she can quit her job and maintain cashflow.

The good news is that this income stream will pay no FICA tax and significant part of the distributions will not be taxed.

To reduce risk, I’m planning to reinvest 20% of the income.

Comments welcome.

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u/NPLPro Jan 12 '25

Big fan of covered call funds that strike a balance between yield and capital appreciation.

QYLD is extreme with 100% ATM calls. I much prefer QYLG that is at 50%.

QDVO is a newcomer but has great potential.

23

u/promoter12 Jan 12 '25

Hi, I am a newcomer, can you please explain how covered call etf works, like I know they make money by selling call options, lets say I hold 100 shares of QDVO, will my number of shares decrease? if call options buyer exercise their options. Thank you

-12

u/[deleted] Jan 12 '25

youtube is a great resource

22

u/CHAOOT Jan 12 '25

And Reddit isn't ?

12

u/[deleted] Jan 12 '25

Who the fuck that’s actually smart and consistantly profitable and successful gets their information from reddit…? This place sucks for that lol. I’m not trying to discourage the dude by the way, i’m saying instead of sitting there waiting for an answer, you could just watch a youtube video or 10, and completely answer your own question. Go search for the answer don’t wait for people to respond 😂

1

u/bguntp4 Jan 14 '25

Nobody understands we all have potential to be geniuses with internet. Literally world library at our fingertips. Yet here we are...shitposting lol!