Quoted from ypurchn:So I know this may get a few laughs but, anyone have any options for a “steady” 3% return? MIL has a small amount of money put aside and wants to do something other than MM savings but doesn’t want to be in stocks. She has a history of getting 10-20k into credit card debt and then having to cash out investments to clear the debt. We’ve cut up her credit cards about 2 years ago but she’s stopped letting us pull credit reports so we fear she’s taken out another CC. Super long story, I’m leaving out lots of details just please don’t lecture me on debt finances, bla bla. I know. She knows. History of mental health going back 20 years. She’ll go manic and give $5k to a TV preacher or tarot card reader.
I just need a semi-low risk, stable place to park some assets.
Considering just throwing it all at her mortgage cause she’s about 3.5% interest. No we’re not refinancing, last time she did she had a break and went out and a bought a new car.
QYLD or NUSI. Dividend producing ETF's that pay monthly. QYLD has averaged above 10% for many years. Both ETF's generate income on writing covered calls in the money. NUSI hedges their own calls, so returns are less but downside is greatly limited. They will always underperform the market in TOTAL returns, so if you google them, you'll read articles from active money managers telling you it's a bad growth investment. But it sounds like you're not after Growth but income.