Without question, the sector most favored by traders is technology, and for a number of reasons.

Most great technological advances are the brainchildren of Americans and thus are seeded, nurtured, fostered and taken public as some of the most dominant domestic companies ever created. Ingenuity is an American staple, with more than 90% of all new ideas generated in the United States.

Technological innovation is what provides America its leading edge against all other economies in the world. The technology sector provides constant change and a daily stream of exciting stories to latch on to and get truly excited about when life-changing applications and tools are introduced to the business and consumer marketplaces that advance society to operate more efficiently.

The benefits of technological advances can be seen almost immediately, which greatly satisfies investor desire for immediate gratification for revenue and earnings growth. Merger and acquisition activity is always at work in the tech sector. Good companies get gobbled up faster in the tech space than all the other industries combined.

We just don’t hear much about the hundreds of private tech companies that get swallowed up by Google, Cisco, Oracle, Microsoft, Apple, Salesforce and the rest of the big serial acquirers. The last behemoth takeover was when Dell bought EMC for $67 billion in late 2015. In June of last year, Microsoft shelled out a whopping $26 billion for LinkedIn, making it the priciest company the tech titan has ever bought.

In addition, while hundreds of companies use “financial engineering” techniques (issue cheap debt to buy back stock to reduce share float to shore up earnings for lack of revenue growth), the leading tech companies continue to post strong top-line growth that fuels bottom-line earnings, which also augments stock repurchase programs. Plus, tech stocks for the most part are apolitical and don’t get pushed and pulled by overarching changes in health care, tax, energy and financial regulation policies that materially can impact those sectors with high exposure.

Technology is about as agnostic a sector as the stock market has to offer and even meets the stiff criteria of most socially conscious funds. By and large, the tech sector has bullish catalysts for just about every type of investor with the exception of the most ardent government or municipal bond investor.

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Investing in technology can take the form of corporate bonds, convertible debt, preferred stock, common stock and the trading of options. The selling of call options for income is what gets the attention of many investors these days and for good reason. The volatility associated with technology can play to one’s favor if a well thought out covered-call strategy is utilized properly.

The advisory service Quick Income Trader does just that by investing in no more than seven high-growth stocks, most of which are technology related, and sells out-of-the-money call options against those positions on a monthly basis. I employ a two-step process to produce 7-15% monthly returns. Using technical analysis, the stock is purchased and then a limit order is entered at a price that only will be executed if and when the underlying stock rallies 3-5%. The combination of capital gains and call option premium is how we can generate 2-3 times the total return than just owning the stock outright.

Based on the trading parameters of working with stocks priced between $15 and $70, most investors are in a position to manage a portfolio consisting of seven holdings where 5-6 call options can be sold over the course of a year on each holding. Ideally, when we find a stock that consistently affords us steady upside appreciation and meaningful volatility that is reflected in superior call option premium, we run with that stock all year until the fundamentals weaken for some reason and then we move on.

We’ve found good fortune selling calls against stocks such as NVIDIA (NVDA), Salesforce.com (CRM), CyberArk (CYBR), Activision (ATVI), Fabrinet (FN), Barracuda Networks (CUDA) and SPDR Technology ETF (XLK). These stocks and others continue to feed the income stream of cash from the immediate credits to our accounts that foster steady performance month after month.

This effective income strategy not only makes good money, it makes good sense and is very easy to put to work to where it starts paying right away. More information on Quick Income Trader can be found by clicking here. It only takes about 10 minutes and a cup of coffee per week to follow my simple instructions.

In case you missed it, I encourage you to read my e-letter from last week about how the Fed’s interest rate hike will impact you.

Get a FREE copy of Bryan Perry's latest research report: My Top Monthly Dividend Payer

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You'll also receive Bryan Perry's weekly e-letter, Dividend Investing Weekly, at no cost, along with other associated financial content and special offers.