Post by
DeanEdmonton on Dec 22, 2022 11:30am
In A Market That Trades Sideways This Is A Good Option
Because of the covered call strategy to boost the monthly payout, you aren't going to make any SP appreciation in a rapidly rising market. However, if you need the dividend yield to live on, this is still better than a GIC at todays rates. Principal value of a GIC does not go up or down and it yields 5%. This yields 8%. Not hard to see the upside. That and dividends get treated a whole lot more favourably than interest income, so to the extent part of the payout is eligible dividends that is also a plus.
Comment by
ANALOG GUY on Jan 13, 2023 5:23pm
yes sir Been accumulating 10,000 shares in a cash account $9600/yr dividends 8.15% is my average tax efficient WAY better than a GIC pay me every month forever thanks I keep thinking all the times Larry Berman recommended this "sleep good at night " ETF at higher prices than here GLTA