JEPQ - Building A 10% Income Portfolio Today
2024-05-30 06:57:36 ET
Summary
- Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio.
- I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio.
- Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.
- Using this criterion, the “miniature” portfolio I have drawn in this article, with the same number of shares for each security, offers a return of around 9% at current market prices.
- An attractive yield, which could also rise by making purchases after a market correction, accompanied by good prospects for capital growth in the long run.
A Dome of Florence in Miniature
The chapel of St. Michael the Archangel at Semifonte is a small temple with an octagonal base that stands near the medieval village of Barberino Val d’Elsa, about 30 kilometers from Florence in the direction of Siena. Erected to a design by Florentine architect Santi di Tito in the second half of the 16th century, the building is surmounted by a faithful 1:8 scale reproduction of the dome of the Florence Cathedral built by Brunelleschi.
Semifonte was a castle founded by the Counts Alberti, imperial feudal lords of Prato, in the second half of the 12th century as an outpost on the Via Francigena to control its rich trade. The settlement was the fulcrum of an elaborate strategy to project imperial power into the Florentine countryside, but in 1202 the militia of Florence conquered it, razed it to the ground and decreed a perpetual ban on building in the entire territory of Semifonte....
Building A 10% Income Portfolio Today