How to Make a Fast $510,000 on $1 Million

“Is $1 million enough to retire on?” Paul Katzeff of Investor’s Business Daily asked me earlier this month. He was especially keen on high-paying ETFs that would throw off enough dividends to fund a nice retirement. For example, we chatted about the Global X Nasdaq 100 Covered Call ETF (QYLD) , which sells covered calls on the Nasdaq index itself to create cash flow. QYLD’s trailing yield is a sweet 11.8%, which means million-dollar positions would have generated $118,000 in dividend income alone. Plus, the principal grew, too, thanks to price gains. The Nasdaq has been on a tear since last year, helping QYLD to 21.2% total returns (including dividends) over the past twelve months.… Read more