FYI: (Make sure you understand ROC)
A new exchange traded fund, Strategy Shares Nasdaq 7HANDL Index ETF (HNDL), presents itself as a solution to this problem. This ETF says it's the first designed to pay its investors a consistent monthly distribution. That distribution should equal 7% of the fund's net asset value by the end of the year.
In an environment where interest rates are so low that people can't afford to live off the 1% or less they receive on savings accounts or CDs or the 2% to 3% that U.S. Treasuries pay, a 7% annual payout looks very attractive.
Regafrds,
Ted
https://www.investors.com/etfs-and-funds/etfs/new-etf-provides-steady-targeted-distribution/M* Snapshot HNDL:
http://www.morningstar.com/etfs/xnas/hndl/quote.html
