"Do you need to be a millionaire to earn $4,000 per year with stocks and exchange traded funds (ETFs)? Not at all, and in fact, you may be able to achieve this goal with $2,500 investments in a select group of assets. Plus, you'll receive cash payouts at least once a month and, to a certain extent, once a week."
"Here's how the math could work. If you invest $2,500 in five assets, that's $12,500 in total. To get $4,000 per year in dividends/distributions, you'll need an average yield of at least $4,000 / $12,500 or 32%. That's ambitious and you'll have to accept a fairly high risk level, but if that's not a deal breaker for you, then we'll reveal the five high-yield picks right now."
"For this year's third quarter, Eagle Point Credit Company generated GAAP net income (inclusive of unrealized mark-to-market gains) totaling $15.5 million. This includes $52 million in total investment income, and at the moment, it doesn't appear that Eagle Point Credit Company will have any problems paying its monthly dividends. Believe it or not, Eagle Point Credit Company's forward annual dividend yield is 29.79%. This is rare among individual stocks, and the monthly distributions sweeten the deal even more."
Achieving $4,000 per year in dividend income is possible with $12,500 invested across five high-yield assets, but requires an average yield near 32%, implying substantial risk. The tactical approach pairs two monthly-dividend stocks with three mega-yield ETFs that pay weekly to maintain frequent cash distributions. Eagle Point Credit Company (ECC) pays monthly dividends, reported Q3 GAAP net income of $15.5 million and $52 million in investment income, and shows a forward annual dividend yield of 29.79%. The strategy emphasizes frequent payouts but is ambitious and demands acceptance of elevated risk and possible capital volatility.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]