"Generating a notable amount of monthly income can look like a daunting task. If you look at the most popular monthly dividend stocks today, you'll quickly realize that it's extremely hard for the average person to live off of monthly dividend payments. Unless you're a multi-millionaire, you will have to dip into your principal. Let's assume you have $1 million today. The standard 4-5% yield will get you ~$4,000 in monthly income."
"The following three ETFs have a blended trailing 12-month dividend yield of 23.59%. This means $100,000 would've generated $23,590, or $1,965. That's if you put an equal amount of money into all three. Investing more in the higher-yielding ones can skew your monthly income well above $3,000. I'd only recommend allocating your income portfolio to these ETFs. NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI ) uses options to provide exposure to the Nasdaq-100 pay dividends at the same time."
Generating meaningful monthly income from dividends is difficult for most investors; a $1 million portfolio at a 4–5% yield produces roughly $4,000 per month. Allocating $100,000 to higher-yielding ETFs can raise monthly payouts by about 50%, and allocating 20% could double income given additional risk. A blend of three ETFs yields a trailing 12-month dividend yield of 23.59%, meaning $100,000 would have produced $23,590 annually (about $1,965 monthly) with equal weighting. Investing more in the highest-yielding ETFs can push monthly income above $3,000. NEOS Nasdaq-100 High Income ETF (QQQI) uses covered-call option strategies to generate premium income while capping some upside, offering income-plus-growth exposure that may benefit from AI-driven tech gains.
Read at 24/7 Wall St.
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