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Can you name anything these days paying 8% that is not risky; likely even more so?

Here are some ideas for you:

A preferred like ISH-B. It has an 8.5% qualified dividend giving it an after tax equivalent yield of 10 percent or more depending on your tax bracket. And it has a very narrow trading range unlike IBKR which has much more price risk.

I would also suggest you use IBKR as a broker and not as an investment. You can borrow there at 1% there and use margin to create a very safe 8% yield.

The preferred UBP-D is very safe and almost has a 7.5% yield. You can use 30% margin and create an 8.5% yield or use 100% margin and create a 14% yield. I am currently 100% leveraged on UBP-D.

Covered Call writing is generally considered a conservative method of income investing

If covered call writing is a conservative method of income investing, than what forms of income investing do you consider to be riskier than covered call writing?
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