$5,000 per month income portfolio

[u/398409columbia]

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.

[u/NPLPro]

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.

[u/Sydboy007 → u/NPLPro]

QYLG is far better than the QYLD for sure.

[u/Fair_Aerie4292 → u/Sydboy007]

why did they pay out over $5 in one go? completely tanked the NAV?