Q: I am preparing for the sky to fall in coming weeks if not days and may pivot right out of equities, or at least anything remotely tech/risky. My question: can you recommend any monthly pay bond etfs or similarly vehicles where I can sell at any time and don't have to lock in, even for 30 days, so that I can realize some income from the portfolio? Looking to have my cake and eat it too! Thank you.
5i Research Answer:
FLCP may be of interest, with monthly pay and a current yield of 3.93%. A high interest ETF such as CASH would be a bit safer, with a yield of 3.26%. Both of these have one-day settlements. We would also suggest any large bank moneymarket fund for interest, safety, and flexibility.