For monthly income there are many strategies such as CSP, CC, Credit Put Spreads, dividend stocks and ETFs.
In this community, I learned about Roundhill ETFs that pay weekly dividends. I tried one of their product and sharing my results with all of you. I bought QDTE in April 2025, when market was dropping, good timing by chance and sold it in August. After holding it for almost 4 months here are my returns.
Total Dividend: $116.09
Tax Paid: $-17.35
Net dividend: $- 98.74
Capital: $1047
4 months : 9.4%
Stock app : 16.7%
As I am a non US resident, I paid 15% in taxes. My after tax dividend return is 9.4% in 4 months and stock price increased by 16.7%. In total my return was 25% i.e. 6.25% monthly.
This ETF has performed well since it's inception in March 2024 (bull market). How will it perform in bear market needs to be seen.