- Retirees have been struggling for quite some time to generate any significant amount of income off of their assets.
- The reason for this is the policies that have been pursued by the Federal Reserve, which do not appear likely to change anytime soon.
- ETY invests in a portfolio of common stocks and uses an options-writing strategy to generate a high level of current income for its investors.
- The fund yields 7.66% at present, which is far beyond what its ETF cousins can offer.
- The fund is a bit more expensive than its historical level so it might make sense to wait for a more attractive valuation.
For further details see:
ETY: An Interesting Income Fund To Combat The Fed