Good Stocks, Strategic Options, and a 4.5% Yield: There's a Lot to Like About This Unique ETF
The Amplify CWP Enhanced Dividend Income ETF (NYSEMKT: DIVO) is not your normal exchange-traded fund (ETF). And that's exactly why you might want to buy it, particularly if you are at a point in your life where you want to generate some extra income from your portfolio. Here's a quick look at the somewhat unique covered-call-writing ETF with a generous 4.6% yield.
There are different ways to generate income from your savings. The most basic is to simply collect interest on cash you have saved in a bank account, CD, or money market fund. Stepping deeper into investing, you can collect interest payments on bonds or dividends from stocks you own. But there are some more complicated choices, too, like selling covered call options on stocks you own.
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Source Fool.com
