Ticker: RYLD โข Yield: 11.8% โข Growth (5yr): 0.5%
๐ฐ Net: approx. $2,538 /mo after tax.
Currently, you need $305,084.75. But if RYLD grows its dividend by 0.5% annually, you can invest less today and hit your goal later.
*Assumes constant dividend reinvestment is NOT included, only dividend growth.
Reinvesting all dividends with constant yield:
| Year | Total Value | Monthly Income |
|---|---|---|
| Year 1 | $341,085 | +$3,354/mo |
| Year 3 | $426,330 | +$4,192/mo |
| Year 5 | $532,880 | +$5,240/mo |
| Year 10 | $930,762 | +$9,152/mo |
โณ You just bought 'Time'. The 9-to-5 grind is now optional.
Planning for a reliable $3000.00 monthly income stream? With Global X Russell 2000 Covered Call (RYLD), a capital allocation of roughly $305,084.75 could get you there. This calculation utilizes the current trailing yield of 11.80%.
Investors in the Covered Call ETF sector often watch Global X Russell 2000 Covered Call (RYLD). However, its high yield suggests higher volatility.
From an investment angle, committing $305,084.75 requires conviction in RYLD's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.