These Assets Helped Me Achieve $3000 In Monthly Dividend Income

Summary

• I transitioned from traditional S&P 500 index funds to high-yield dividend assets to build a more secure income stream. I eventually crossed an average above $3K per month.
• Business Development Companies like Ares Capital and Blackstone Secured Lending offer high dividend yields, making them attractive for income-focused portfolios.
• Option ETFs, such as JPMorgan Equity Premium Income ETF, provide substantial income but may underperform traditional indexes in total return.
• Closed End Funds (CEFs) like Guggenheim Strategic Opportunities Fund offer high yields and reinvestment benefits, significantly boosting dividend income over time.
• These alternative assets may underperform traditional ETFs over the long run. But the peace of mind they provide is worth the trade-off to me personally.

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Overview

When I first started my investing journey I was more aligned with most retail investors that simply accumulate shares in a solid S&P 500 index fund. I consistently contributed to my 401K, IRA, and separate brokerage accounts. I eventually accumulated my

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ARCC, MAIN, OBDC, BXSL, VOO, GOF, JEPI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.