Cameron Gleeson

And generally speaking, a covered call strategy

will do better than just holding the market in a sideways, moderately rising or a falling market.

The time when a covered call strategy does tend to underperform is in a strong bull market when you don't necessarily get all of the upside.

You get some of the upside, but not all of it.

And so if I'm thinking about my income generation and where I want to generate capital growth, where I want to generate income, I'm doing that in my own name, get that income.

And then I dedicate my super to generating the capital growth.

So that's my strategy for the 54-year-old.

And hopefully that gives me a bit of flexibility there.

I can scale back work and...

Yeah, put that to work.

And, I mean, by my calculations, that blend means that if I had, say, a $500,000 portfolio in those three, I could generate around about sort of 7% or 7.5%, which might be $37,000, $40,000 per annum, which is a pretty good supplement to my salary.

Yep.

And one option obviously would be selling down but realising capital gains.

Better to do that in pension and retirement where there isn't that problem.

You essentially don't face capital gains.

So I think that's probably why we're seeing that shift and a lot of people seeking in that pre-retirement period to ways that they can enhance their income.

Yeah, I should point out all those ETFs provide monthly income, which is also, you know, a really good sort of starting point if you're after cash flow.

Rather than say, for example, holding, you know, a bank stock, a single bank stock and getting two dividends a year, having that income managed so you get monthly payments is, you know, it's an important part of, yeah.

Plus, if I got paid twice a year, I think on payday, I'd probably have a big blowout.

So that'd be a good day.