Today I'm going show you how to create an income portfolio that generates over $1,000 a month in dividend income, and the best part is that this portfolio has so far been able to keep up with the S&P 500!
To begin, when it comes to maximizing dividend income my go-to are dividend ETFs over individual stocks. This is because you're getting a lot of diversification which mitigates your overall risk and exposure to company specific risks like earnings.
Secondly you want to find investments that not only provide a substantial amount of dividends, but are also able to maintain their price, or NAV, relatively stable over the long run.
And lastly in order to achieve our desired level of income without putting up a substantial capital, you have to look towards active dividend ETFs. These are your high income covered call ETFs. These ETFs use the options market as a way to boost their overall dividend yield.
In this video i break down my choices in detail and provide a very powerful combination ratio!
⚠️⚠️⚠️ Disclaimer: I am not a financial advisor. Viktoriya Moskalyuk does not provide investing, tax, legal or accounting advice. This video is for entertainment and educational purposes only and should not be considered as financial advice. I am solely sharing my personal experience and opinions. I highly encourage you to do your own research- there is a risk of losing money in the market. You should consult your own tax, legal and financial/investment advisors before engaging in any transactions.
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