"Inflation is still eating away at people's budgets, as only the pace has slowed, that too at a snail's pace. Monthly income ETFs like the Pacer Metaurus US Large Cap Div Multiplier 400 ETF (NYSEARCA:QDPL), Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO), and AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) are becoming must-buys, as even Treasuries are about to lose their luster with interest rate cuts."
"Broad-market indexes pay very slim dividends of 1% or even less. This means having a dedicated set of ETFs with high yields and monthly payout frequencies is essential, especially if dividend income is involved in covering your expenses. They can boost your monthly income massively, even if you allocate a small portion of your portfolio to them. The following three are some of the best vehicles for doing so as they come with great yields and fewer trade-offs than their peers."
"This ETF gives you more upside exposure over the long run by using a futures-based strategy. It does not systematically sell call options that cap gains. Instead, it trades some S&P 500 exposure for leveraged dividend exposure. The benefits are that you don't lag behind as much during bull markets. And just like JEPI, you will take a hit when the rally ends, but QDPL will be able to recover much quicker and keep giving you juicy returns."
Inflation continues to erode household budgets despite a slowing pace. Monthly income ETFs such as QDPL, DIVO, and SPDV are positioned as attractive income sources as Treasuries may lose appeal with potential interest rate cuts. Broad-market indexes often yield around 1% or less, making dedicated high-yield, monthly-payout ETFs important for investors relying on dividends to cover expenses. A small allocation to these ETFs can meaningfully increase monthly income. QDPL uses a futures-based approach rather than systematic covered-call writing, aims for greater upside in bull markets, and offers a 5.67% yield with monthly payments and a 0.60% expense ratio.
Read at 24/7 Wall St.
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