3 ETFs to Turn $78k Into $500 in Monthly Income
Briefly

High dividend yield exchange-traded funds (ETFs) are recommended as the Federal Reserve is poised to cut interest rates soon. Lower Treasurys yields will increase the appeal of dividend stocks. Investors can generate a monthly income of $500 through specific ETFs with a blended 7.7% annual yield, requiring an investment of about $77,922. The Goldman Sachs Nasdaq-100 Premium Income ETF offers exposure to the Nasdaq-100 index and delivers income through a dynamic options strategy, contributing to the stable monthly payout for investors.
Locking in exchange-traded funds with high dividend yields is a very good idea in this environment, especially as the market is convinced that the Federal Reserve will start cutting interest rates more seriously in September.
Once this risk-free rate goes down with interest rate cuts, dividend ETFs should see a lot more demand.
These ETFs pay you monthly, and do so with a generous yield. They come with stable and sustainable arrangements to keep the income flowing.
Goldman Sachs Nasdaq-100 Premium Income ETF (NASDAQ:GPIQ) is an actively managed fund that gives you exposure to the Nasdaq-100 index with a dynamic options strategy that also gives you monthly income.
Read at 24/7 Wall St.
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