Dividends

When I last wrote about RYLD (Global X Russell 2000 Covered Call ETF), my focus was on how it had become a cornerstone of my passive income strategy through its consistent dividends. In that December 2020 piece, I outlined why RYLD’s approach to generating income resonated with my investment philosophy, especially in an unpredictable market. Fast forward to January 2024, and you might wonder: With the market’s roller coaster ride these past years, do I still hold RYLD in my portfolio? The answer is a resounding yes. Despite some short-term underperformance, which is not uncommon in any investment, my belief in RYLD’s role in a long-term passive income strategy remains unshaken. ...

Since late 2020, I have been an investor in the covered call ETF, QYLD, and I remain long. This fund has been a cornerstone in my portfolio, primarily due to its impressive 12% dividend yield, aligning seamlessly with my goal of building a stable source of passive income. The best part of owning QYLD for all these years are the monthly payouts and the generous $2.05 per share as I move toward a $100,000 passive income stream. ...