Exactly how much would you have investing $100 a month in the Nasdaq Covered Call ETF, QYLD? Pros and Cons of this Dividend Income ETF! 🤑 FREE newsletter with market updates, trends and the most important news! https://mystockmarketbasics.com/dailybowtie
The QYLD covered call ETF is hugely popular for its 12% dividend yield, consistent monthly cash flow. But how much are you really making off the investment? How much would you have investing $100 a month over five years, reinvesting the dividends or taking that cash flow?
It’s an important question that most investors don’t think about because the problem here is, the QYLD hides some big problems that you won’t see until it’s already in your portfolio.
Want your monthly dividends? Watch this for All 61 Monthly Dividend ETFs Ranked from Best to Worst! https://youtu.be/tNK24TFjey4
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I’ll reveal EXACTLY how much you’d have investing $100 a month in the QYLD . I’m also going to compare it to that same $100 a month investing in another popular monthly dividend stocks and show you how to get that same monthly cash from a non-dividend stock like Tesla!
The QYLD ETF uses a covered call strategy on the Nasdaq 100 index, that’s the 100 largest companies in the tech-heavy Nasdaq. So what it’s doing here is it’s buying the 100 stocks in this index, mostly large technology companies, and then it’s selling call options against them.
Looking at the stocks in the fund, it’s a who’s who of big tech companies with more than half a billion dollars in shares of Apple alone along with Amazon and Microsoft but if you scroll down, you see not all these are tech stocks. You’ve got some shares of Comcast and Pepsi as well because they’re in that Nasdaq 100 index.
The QYLD isn’t a bad investment but there are hidden risks you need to know about when you invest. I’ll cover the pros and cons of the QYLD compared to other monthly dividend stocks as well as a strategy to create your own dividends.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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