Thinking about retiring early or living off your investments? In this video, I share how I’m retiring with a $400,000 covered call ETF portfolio. I’ll break down my strategy, the income streams I use, and how they generate monthly dividend income that supports my retirement lifestyle.
Whether you’re new to covered call ETFs or already invested, this video offers practical insights you can apply to your own portfolio.
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Disclaimer: I am not a financial advisor, this is not financial advise. I am sharing my journey to financial freedom for entertainment purposes only. Do your own research and due diligence before you invest in any stock/ETF, there is always a risk of losing your money. Consult a financial planner if necessary.
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#passiveincome #coveredcalletf #retirementincome #fire
Did you retire or get laid off or fired? How would someone get EI based on retirement?
Why would you get a severance for retiring? If you were fired or laid off maybe
Maybe viewers need more information on your situation, is the YouTube channel intended to be the new job as a financial guru?
I have a % of my portfolio in CC ETFs as well and like @Better Call Paul, I'm in my mid 50s and don't want to work any more, so I don't. But I look at my total returns, use the cash to live and to reinvest and I also write options on these CC ETFs for additional income. I'm curious, when you say you made $xx this month, are you only talking about income or are you referring to total returns? Also, if you're not investing a portion in growth, how do you envision your portfolio lasting the rest of your life which hopefully is a good long time?
I do the Bitcoin Income based ETFs instead. BITO is the only ETF that is funding my retirement. I have about $635,000 into BITO. I get paid so much in dividends that I don’t even spend all of it. I take out what covers my monthly expenses and the rest gets automatically reinvested back into the fund. The broker does it automatically with a feature they have in their settings called DRIP. I’ve been contemplating on putting $300,000 of the $630,000 I have in BITO into SCHD and have both SCHD and BITO but my income is going to drop substantially if I do that. I don’t like that SCHD only pays once a quarter. That’s what I’m still trying to decide if I should invest into SCHD. BITO pays me every single month. I’m 58!!!
Good job, congrats. Do you do a video with a portfolio reveal ?
June is OVER 9000!!!
Congratulations are in order Paul! I plan on handing in my notice next week from a job of 26 years. I’ll be picking up a very part time job. Can you please do a video about how you will be tacking the tax part of withdrawal? That is the concern that I’m grappling with, whether to convert rrsps into liffs, liras into liffs and the whole rrsp meltdown, how to do it with this type of investing. Maybe one day you can reach out to Adam from parallel wealth and have this discussion. Thank you for sharing and happy days ahead!!
Excellent épisode Paul !
Thank you Paul! You are so inspirational, I love your videos, so informative and relatable.
I had no idea you were 100% invested in CC ETFs! From now on, you're my mentor!!! Your videos are excellent and you're really giving me somethings think about and consider! Keep going strong bro!
When your job lets you go and your response is, "You promise?"……that's serious POWER!!! This is the goal! Not material obsessions, but freedom! Thank you for continuing to encourage us!