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My current preferred method of investing in equities is to use Exchange Traded Funds (ETFs) and extract call premiums from them. This is a conservative way of investing in a basket of equities similar to mutual funds but with the added benefit of squeezing out extra cash through covered call selling.

My strategy has been two fold. I scan a set of ETFs from various industries/sectors and investigate which ones have the highest premium returns. Over the past three years, there has been some consistency in the top performers. As always, however, past performance is no indication of future returns so be cautious and do your own due diligence.

My favorite ETFs (in no particular order) are:

QQQQ - The Qs or Qubes (a piece of the top 100 Nasdaq companies)

XLE - Energy Spiders (a piece of the top energy companies)

GDX - Gold Miners (a piece of the top gold mining companies)

IBB - Nasdaq Biotech (a piece of the top biotech nasdaq companies)

FXI - China (a piece of Chinese companies)

PBW - Alternative “Clean” Energy (a piece of clean energy companies)

VNQ* - Vanguard Real Estate Investment Trust (Morgan Stanley REIT Index)

*VNQ has been recently added and is fairly new but I like it!

These ETFs all trade options and they are all diversified from precious metals, healthcare, technology, international, real estate and energy.  I currently run my ETF optimizer program against these and a few select stocks to find the best premiums.   I’ll post some sample reports with estimated return in the near future.