I have something else in my mind for monthly income which is even higher risk then what you mentioned but i am looking at only 10% of total portfolio over a year or so. still not started my own investment in that but I placed my thought on hotcopper but sadly no one seems interested to discuss, so it is on hold until i get some more reading into it.
it is here if you want to read but no investment advise just my opinion on what i am currently reading into.
https://hotcopper.com.au/threads/covered-call-etf-investment-us-au-market.7997545/
there are other etf/funds in that category but as no one interested i didn't put more thought in here on hotcopper.
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