Hi
I was wondering if following is a smart investment strategy:
I got $300K from sale of property.
Instead of making lump sum towards my current mortgage, I was wondering I can invest it ina covered call ETF, for example, HHIS which pays $0.27 dividend per share.
At the selling price of HHIS, I will have 24095 shares which gives me $6500/ month.
My mortgage is $3800/ month.
I anticipate to keep the money for at least the next 20 years.