waking up on the first of every month and reaching for your checkbook to write out another rent payment can be financially draining but what if you have a magic wand to pay off those rents what if you don't have to work for it it may sound too good to be true but it's not you just have to know what you're investing in in this video we'll show you six of the best covered call ETFs including etn that follow these ETFs we will show you and John how much you can earn in dividends with an investment of $10,000 for 10 20 and 30 years we'll show you a fund that you can turn your $10,000 investment into millions and in the end we will show you a portfolio of these funds to generate consistent and risk-free earnings for the rest of your life but first before showing you the six buy and hold forever covered call ETFs what are covered call ETFs and how do they work a covered call is like a special deal in the stock market imagine you have some shares and you make a deal with someone you say if you want to buy my shares at a certain price before this date I'll sell them to you if they don't want to buy you get some extra money for making the deal this extra money is called premiums people do this to earn more but knowing the right price and time is tricky that's where the funds called ETFs come in ETFs manage the hard part of using this strategy to Perfection you just buy these funds and the people who manage them make the deals it's an easier way to make money from the stock market without worrying too much now that you know what covered call ETFs are let's see John's list of the top six buy and hold forever covered call ETFs arranged from Modest to some of the highest dividend yields starting at number six we have Global X S&P 500 covered call ETF known by the ticker symbol x yld d it is one of the popular investment choices mainly because this ETF pays dividends every month currently it has a dividend yield of 9.37% and it has been consistently paying a dividend yield around this Mark based on this if Jon invests $10,000 in this ETF holds it and reinvests his dividends his investment in 10 years will be worth $25,300 paying him an annual dividend of $2,266 in 20 years the same investment will be worth $ 64,66 paying an annual dividend of $5,760 and it gets better from here in 30 years John's initial investment of $10,000 will be worth $164,450 paying him an annual dividend of $1 4,655 or roughly $1,00 , 221 per month xyld similar to its brother ETF qyld focuses on the S&P 500 for income interestingly xyld has held up better than similar funds last year when major indexes like the S&P 500 and NASDAQ declined significantly xyld managed to preserve Capital while generating double-digit yields its strategy involves buying S&P 500 stocks and selling call options ensuring monthly income Beyond dividends remarkably X yld has paid monthly since its 2013 Inception appealing to those building future income streams next at number five we have Global X NASDAQ 100 covered call ETF known by the ticker symbol qld this fund promises investors to potentially earn dividends every month while reducing some of the risks that come with investing in a big American stock index right off the the bat it offers a hefty monthly dividend yield of 9.84% which is way higher than inflation and beats other common Investments like the S&P 500 based on that yield if John invests $110,000 in this ETF and holds on to it in 10 years his investment will grow to $ 26,6 44 paying out an annual dividend of $2,487 fast forward 20 years and that same investment will grow to an impressive 7 9,991 delivering an annual dividend of $662 and in 30 years John's initial $110,000 could balloon to $189,100 paying him an annual dividend of $7,650 or around $1,471 per month here's how it works Q invests in NASDAQ 100 Tech Giants using a coverage call strategy it sells short-term options to generate extra income for its shareholders as for the Holdings this fund mainly invests in big tech companies such as Microsoft and Apple these Tech Giants make up a big chunk of its Holdings one thing that makes this fund Stand Out is its smart score of 8 out of 10 indicating it's a good pick among investors as for the price Target Wall Street experts think it could go up about 133% from where it is now next on the list is JP Morgan Equity premium income ETF known by the ticker symbol ji this fund has become a significant player in the dividend ETF World growing to a hefty $25 billion in Assets in just under 3 years in fact it's the third largest ETF in terms of net inflows this year which ultimately translates to its yearly dividend yield of 10.3% based on this if John and invests $10,000 in this ETF and holds it after 10 years his investment will grow to $27,500 that same investment will grow to $3,788 paying an annual dividend of $77 and in 30 years John's initial $110,000 will be a remarkable $2,152 offering him an annual dividend of $1,261 1585 every month jei takes a unique approach by blending undervalued low-risk S&P 500 stocks with Equity link notes a form of covered call strategy on the S&P 500 this combo creates an ETF focused on large cap equities with an emphasis on value and stability aiming for impressive yields what stands out is jei's consistently high yield often topping 10% it has a track record of matching S&P 500 returns but with lower risk making it appealing for both long-term investors and income Seekers notably jei provides monthly distributions not quarterly and charges a reasonable 35% expense ratio considering its unique strategy next we have the sibling of jei JP Morgan NASDAQ Equity premium income ETF known by the ticker symbol jeq this sibling also has an attractive dividend yield of 11.5% with jeq if John invests $10,000 and holds on to it the numbers look even better than its sibling in 10 years his $10,000 investment will grow to $31,995 39 $7 fast forward 20 years and that investment will be valued at $98,500 paying an annual dividend of $10,600 years John's initial $10,000 will grow to $ 39,821 delivering an annual dividend of $33,500 every month so how does Jep Q work it's kind of like jei but with a tech twist it focuses on large cap us growth stocks in the tech sector it's a relatively new kit on the Block launching in 2022 and it currently manages $1.75 billion in assets still it pays dividends monthly the fund focuses on large cap us growth stocks in the tech realm and here's the kicker it doesn't play by the rules of typical ETFs to score that high yield it allocates up to 20% of its assets to something called Equity link notes in short elns and dabbles and option selling on stocks this helps generate monthly income and reduce wild price swings next on the list is credit s xlinks gold shares covered call etn known by the ticker symbol gldd this is a covered call etn that tracks GLD ETF it's a bit fancy and works like this it tracks the GLD ETF which holds actual gold but here's the twist it sells covered calls on that gold to give investors regular dividends so what does this mean GLD keeps real gold in line with the money it manages and GDI tags along but it does something extra each month it sells an option on the gold to secure the profits potential gains think of it like a ceiling on how much money it can make in a month and that's before counting the dividends this strategy is why GDI hasn't done as well as GLD during a strong year for gold when gold prices shoot up GLD doesn't ride that wave as high because it's like putting a cap on how much it can earn based on this if John invests $10,000 in this ETF holds it and reinvests his dividends his investment in 10 years will be worth $39,988 paying him an annual dividend end of $4,988 in 20 years the same investment will be worth $152,700 paying an annual dividend of $199,450 and it gets better from here in 30 years John's initial investment of $10,000 will be worth $597,000 paying him an annual dividend of $7 76,1 or roughly $6,300 $42 per month next John's final long-term investment pick before creating a portfolio is credit s xlinks crude oil shares covered call etns known by the ticker symbol usoi this investment has caught some attention lately with a 23.02.18 dividend yield before showing what Jon would earn from this yield first let's see what this fund is all about also after this fund we'll make these Investments safer by using a portfolio of all these ETFs to still earn a decent monthly income back to usoi this etn offers a unique way to tap into the crude oil Market it mirrors the performance of The Uso ETF but with a Twist usoi sells call options on Uso about 6% above its current price each month trading some potential gains for a nice dividend yield while Uso's monthly Futures Contract rolling can eat into the profits when oil prices rise here's the good news usoi isn't too bothered by this right now that's because the way it's set up it's not facing the same issue as Uso at the moment now let's see how much Jon can earn from this fund based on that yield if Jon invests $10,000 in this ETF and holds on to it in 10 years his investment will grow to $2,464 paying out an annual dividend of $4,175 fast forward 20 years and that same investment will grow to an astounding 1 million $264,800 n paying an annual dividend of $271,600 it seems unrealistic but that's what buy and hold forever ETFs can do in 30 years John's initial $10,000 investment with a 27.2% yield could balloon to 4,224 511 paying him an annual dividend of3 mil 57,5 21 or around $254,700 every month though that number may seem very tempting there are some issues with some of these yield funds they're not usually consistent so to make the most of it one of the go-to strategies of seasoned investors is to make a portfolio of all these ETFs we know X yld pays a dividend yield of 9.37% ql has 9.84% jei with 10.3% jeq with 11.5% GDI with a solid 30 13.71% and lastly usoi with a very high but uncertain dividend yield of 27. 38% if we total up all six yields then divide it by six which is the number of ETFs we hold we get an average portfolio dividend yield of 13.63% based on this if John invests $10,000 in this portfolio and holds it after 10 years his investment will grow to 31,8 $16 paying him an annual dividend of $3,477 in 20 years that same investment will grow to $1,229 paying an annual dividend of $1,663 and in 30 years John's initial $10,000 will be a remarkable $322,700 or roughly $2,900 $33 every month though not in millions this number is more realistic and consistent with the portfolio in this video we discussed the top six covered call ETFs to buy and hold forever but maybe you prefer investing in stocks for this watch our video on 10 buy and hold forever dividend stocks where you'll learn strategies to earn over $20,000 monthly