59-Year-Old Dividend Investor Earning $17,800 a Month Shares Portfolio — 'So Nice Living Without Worrying About Money'

Dividend stocks provide downside protection to investors during difficult times in the market. They have also historically performed well when interest rates begin to go down. Data from Ned Davis Research shows that dividend stocks outperformed non-dividend counterparts in the first nine months of easing cycles. 

Last year, someone asked dividend investors on Reddit how much they were earning per month. Many income investors shared impressive numbers and portfolios in response to the question, but one particular comment caught our eye.

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An investor said he was generating about $17,800 per month in dividend income. He shared the names of seven dividend funds in his portfolio.

"I turned 59 1/2 October 29 and after 39 years of investing, I can finally tap my 401k/Roths without penalty, and it’s so nice living without worrying about money. I planned on retiring, but I love my job, and my boss made me an offer I could not resist," he said in a separate comment on Reddit.

When asked how much he had invested in total to generate the income, the investor said it was about $260,000. He was getting this extremely high yield because most of his portfolio consisted of risky covered call ETFs that are volatility and cap growth potential of capital.

Nonetheless, it would be interesting to see what this investor had in his portfolio. Let's begin

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YieldMax COIN Option Income Strategy ETF

YieldMax COIN Option Income Strategy ETF CONY makes money by selling call options on Coinbase Global COIN. CONY is a risky investment since its upside potential is capped due to the covered call strategy and its performance is linked to a single company operating in the volatile crypto industry. The fund has a distribution rate of 103% and pays monthly. CONY is down 37% over the past 12 months.

YieldMax TSLA Option Income Strategy ETF

YieldMax TSLA Option Income Strategy ETF TSLY is a popular dividend ETF for income investors seeking high yields. With a distribution rate of 53%, TSLY generates income by selling call options on Tesla TESLA shares. TSLY is down 30% over the past year.

YieldMax AI Option Income Strategy ETF

YieldMax AI Option Income Strategy ETF AIYY is a covered call ETF that provides investors with indirect exposure to C3.ai AI.

Defiance R2000 Enhanced Options & 0DTE Income ETF

The Defiance R2000 Enhanced Options & 0DTE Income ETF IWMY tracks the performance of the Russell 2000 Index, which includes small-cap companies. The fund generates income using options strategies involving zero days to expiration options. It has a distribution rate of 51%. 

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YieldMax MRNA Option Income Strategy ETF 

The YieldMax MRNA Option Income Strategy ETF MRNY generates monthly income by selling call options on Moderna MRNA. The fund has a distribution rate of 94%.

YieldMax SQ Option Income Strategy ETF 

The YieldMax SQ Option Income Strategy ETF SQY has a distribution rate of 47%. It generates income by writing call options on Block SQ.

YieldMax META Option Income Strategy ETF

The YieldMax META Option Income Strategy ETF FBY generates monthly income by selling call options on the shares of social media giant Meta Platforms META. FBY's distribution rate is 40%. 

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