Covered call strategies are really not for younger investors, because you cap your upside and always take everything downside, even if you are rewarded with monthly or quarterly distributions. From the age of 45-50 you can get involved.
As a Bj76 myself, I am in the phase where I have switched to income investing: the portfolio should produce income without having to sell shares in the future.
Share prices are secondary as long as business models and dividends are stable and, in the best case, rising.
I am currently reinvesting everything, and yes: taxes are incurred with this strategy. But with GQ and snowball, I can see exactly how much is changing, dividend reinvestment programs are running very favorably, and when the time will come in the future when the portfolio income will cover our family living expenses. 2019 started in this direction, from 2021 exclusively, and the plan is to continue until around 2035. Snowball is now clearly visible...
$SPYI $QQQI $IWMI $PBDC $PFFA $RFI $NETL $BME $STW $XEI
Something more special with $FSFL $BBGI $BRWM $BRLA $SHIP $MLPD $ABCA
For Div-Growth I hold $SCHD and $DGRO
For children, <security:n/a:AT0000A2B4T3> GlobalPortfolioOne and $JEGP are used.
And I read up on Seeking-Alpha(subscription), takes about 2h a week, my YT sources are #DividendBull and #Armchairincome
GLTA
As a Bj76 myself, I am in the phase where I have switched to income investing: the portfolio should produce income without having to sell shares in the future.
Share prices are secondary as long as business models and dividends are stable and, in the best case, rising.
I am currently reinvesting everything, and yes: taxes are incurred with this strategy. But with GQ and snowball, I can see exactly how much is changing, dividend reinvestment programs are running very favorably, and when the time will come in the future when the portfolio income will cover our family living expenses. 2019 started in this direction, from 2021 exclusively, and the plan is to continue until around 2035. Snowball is now clearly visible...
$SPYI $QQQI $IWMI $PBDC $PFFA $RFI $NETL $BME $STW $XEI
Something more special with $FSFL $BBGI $BRWM $BRLA $SHIP $MLPD $ABCA
For Div-Growth I hold $SCHD and $DGRO
For children, <security:n/a:AT0000A2B4T3> GlobalPortfolioOne and $JEGP are used.
And I read up on Seeking-Alpha(subscription), takes about 2h a week, my YT sources are #DividendBull and #Armchairincome
GLTA
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@Beeferking76 You've done your homework and found your way, strong! What is hardly known in this country is that there is a very large and knowledgeable income investing community in the USA and Canada and that there can be good individual reasons to focus on high-income investments. I am also looking for a balance between growth and income and am on a good and, above all, satisfactory path for me
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