Ticker: RYLD โข Yield: 11.8% โข Growth (5yr): 0.5%
๐ฐ Net: approx. $423 /mo after tax.
Currently, you need $50,847.46. 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 | $56,847 | +$559/mo |
| Year 3 | $71,055 | +$699/mo |
| Year 5 | $88,813 | +$873/mo |
| Year 10 | $155,127 | +$1,525/mo |
๐ Car payment? Gone. You're effectively driving for free.
Planning for a reliable $500.00 monthly income stream? With Global X Russell 2000 Covered Call (RYLD), a capital allocation of roughly $50,847.46 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 $50,847.46 requires conviction in RYLD's future.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.