July 16 2024
I have long been a fan of passive income, mostly through real estate, however starting in 2023 I decided to start a portfolio of relatively high-yielding stocks, ETFs and CEFs.
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The mix and weighting changes based on various criteria but for the most part the portfolio has been anchored by a few Pimco funds that I have become comfortable holding and some derivative-based funds that run a "covered call" style strategy.
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The portfolio holds primarily monthly dividend payers. I will add and sell various instruments based on trends and technical setups in an attempt to capture oversized returns.
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For example: NVDY currently pays a mind-blowing 59% yield. This of course is not sustainable over the long run, however I am confident that Nvidia, the underlying security will continue its uptrend for the forseeable future. This run resulted in monthly dividends payments of over $400 since April 2024 (from a $1500 position).
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GLDI is the gold covered call ETF. I recently rebought into this to take advantage of the rally that I expect to see in gold. I did the same with USOI, the Crude Oil covered call ETF.
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Overall, as of July 16th 2024 this portfolio is currently yielding 19.06%