Update #19 - Living off an Covered Call Income Portfolio
Hello!
Hope everyone is doing well! This past month definitely flew by with all the crazy news and events that we went through!
For those of who tune in for the first time, this is a series of post where I update my journey of living off my Income portfolio (heavy leaned in Covered Call ETFs) and compares the drawdown to other popular ETFs portfolio such as VFV, XEQT, HYLD, and QQC to see how my portfolio would have performed if I stick to a more traditional holdings.
Anyhow, here's the data:
Portfolio Change:
The past month I fully transitioned out of all the fixed income that I have in my Margin Account and shifted all the resources into equity that I think had some upside. At the time these were AMZN, ORCL, and RDDT. I entered the AMZN a bit earlier from the last update, but added into it more this time. I didn't catch the bottom but was more so looking for market sentiment to shift. So far these had worked well except RDDT. This account had shown the most gain this past month and definitely help portfolio as a whole stay competitive with the recent tech gains. However, since we no longer have fixed income, the volatility will definitely be quite higher, so I opt to be extra careful with using margin.
Living Expense portfolio of the portfolio performed as we expected and didn't move too much value-wise. This portfolio of the portfolio allow us to Our expense was quite erratic the past couple months which ended up depleting our emergency funds by quite a bit. The goal for the rest of the year will definitely be trying to fill it back up.
Core Holdings wise, not much here. As plan we just going to let it grow. Everything from here is being reinvested.
Here is the side by side number:
QQC portfolio also killed it the past month, increasing 14.55% during the past 30 days period.
VFV surprisingly lacking behind more and more. The gap between this and HYLD starting to widen. HYLD did quite well and as of today caught up to XEQT.
XEQT due to the diversification didn't gain as much ground as the rest, but kept to its core of having low volatility.
Life:
Time definitely flew by and its been over 2 years since I started living off the portfolio already
Life wise nothing really exciting. Still in and out of hospital almost every other day.
Been really cooking a lot more and find it quite enjoyable. I used to hate cleaning up and preping, but now that I don't feel like being chased by work all the time I actually found joy in preping and cooking. I dare say I'm getting pretty good haha
At times Im still finding myself a lilttle lost. Originally we had a lot of plans of things we want to do, but due to current situation the plan changed drastically. I'm still figuring it out. Ideally I want to find a hobby that can generate a little bit of cash. Not so much for living but to feel like I'm being productive lol. I have a very obsessive personality and if I can find something to be obsessed about aside from stock market news, that would be great!