Part 5/6:
FTH stands out with an impressive high yield of 8.5%. Utilizing a covered call strategy, it generates extra income through options trading. This approach, while extremely fruitful—potentially reaching $3,735 in monthly income by year 14—comes with higher risks associated with fluctuating markets.
The Power of Diversification
While each stock presents unique advantages, it’s essential not to focus solely on one option. Combining all five stocks creates a balanced portfolio that not only diversifies risk but also stabilizes income. This mix achieves a blend of reliable payouts and overall growth, successfully reaching the $3,000 monthly income target by year 21.