Sure. 1) open a portfolio margin account 2) go long your top 20 best high dividend payers/dividend growers and short spx— you need to be beta neutral 3) this will allow you to lever up 4-8x (so your $1MM is now $8MM of assets) 4) spend each morning using excess cash to hedge out both market and security risk (buy puts based upon your daily value at risk); takes 1-2 hours 5) spend 2-4 hours weekly checking your companies & reviewing potential additions If you do this right, you can target an annualized yield of 6-8% on $8MM of capital paying 1% in margin. That translates into 40-50k/mo, which is close to 5% on $1MM.
What if having customers (aka bosses) and being governed by governmental regulations are not something he's interested in? Honestly, you folks that compare a nimble, personal, none-to-little-red-tape trading operation to a multi-million/billion/trillion fully regulated, global, customer-oriented operation are just stuck in your own short-comings.
I did better than that (85%) on same amount in 2020. If 2021 ends like it started, I will be lucky to avg 50% over both years.
If you can get 5% per month or 60% per year, you are even a better trader than those hedge fund managers featured on Market Wizards like Ed Seykota, Paul Tudor Jones, Steven Cohen among others. Steven Cohen has had years where he earned $1 billion from trading. The best hedge funds will get 28% at times, not every single year and there are losing years too. Hell, you would be as good a Bernie Madoff who claims to have placed 77 straight trades without a single loser? You are looking at returns that are out of planet earth. Realistic returns can be attained, pipe dreams will remain just that, pipe dreams.
Advice on how to make 5%/month on $1 million... Do the difficult first, ... disassociate reward from effort. Then ... Buy and Hodl Bitcoin. Peel off your 5% a month if you must.
Ignore all the negativity here. Why a mere 5% per month? Get into a You Tuber trading room and make 100% a month.