Apr. 25 at 12:07 PM
$MLPI when compared to the relatively new OMAH ETF, MLPI will be the clear winner because it is writing covered calls on a portfolio of stocks that already pay dividends of around 8%, then add covered call income. OMAH is based on non-dividend stocks under a Buffet style investing theme, leaving most of the dividend generation coming solely from covered calls.
Both funds hope to generate about 15% a year in income. Which would you choose?