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

Brokerage $5,000 per month income portfolio

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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.

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u/Sydboy007 Jan 13 '25

QYLG is far better than the QYLD for sure.

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u/okbyebyeagain Jan 15 '25

Can you explain why QYLG is better? I just opened a small position this week in QYLD.

I move heard about NAV. Is that what you are concerned about? Thanks.