Could go one layer further and use the 1MM assets as a base/collateral to write options against and generate cash flow from the principal. Say 20% on 4 etfs yo

Could go one layer further and use the 1MM assets as a base/collateral to write options against and generate cash flow from the principal. Say 20% on 4 etfs you like, & 20% cash, then wheel it out (write ~20delta calls+puts ~45 days out). rinse lather repeat. Naive take, written crudely, but feedback nonetheless.