I Sold Out of QYLD
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- čas přidán 1. 06. 2024
- / dividendbull
Yesterday I made the decision to sell all of my shares of QYLD, after first coming across this investment about four years ago. Given how well this ETF has been doing over the last year, I figured now would be a good time to sell my shares of this fund, and put all of my capital gains into a different, brand new ETF I’ve been eyeing for a couple months. QYLD was the first covered call fund I had ever invested in, but I feel like it’s undeniable at this point that newer CC funds with improved strategies have been introduced since I first bought into QYLD, which is why I made this decision. So in this video I’m gonna explain my history with this ETF, why I decided to sell out, and also where I’m investing my capital gains and why.
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I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Melissa.
Watching the market's ups and downs shows how quickly things can change. In the market, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 127k to a decent 532k... I'm especially grateful to Flora Elkin, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It is really refreshing to see a comment about Flora Elkin.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary
Nice to see this here, Flora Elkin's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
As a retiree, enjoying the monthly income of QYLD, I'll probably stay put. I also own XYLD and JEPI as "diversification", my QYLD provides about 110% of my RMD annually. It's nice comeback in share price lately is ok, but I'm not reliant on the share price only the dividends. I always hold at least 3 year of RMD's in liquid assets, so the share price is free to follow the market. I enjoy your insights. Keep it up!
Their total returns look fine. It's a great retirement monthly payer. Plus they are older and established never missing a monthly payout. I want to see a track record with these new knockoffs before I'd consider investing.
I agree 100 percent as I am near retirement and seeing consistent payments of dividends I am not selling as of now.
Good job Dividend Bull ! Good content !
Smart play. Big fan of QQQI! FEPI as well.
Excellent content regarding selling out of one holding, in your case for a profit, and finding/buying into another. I've done this in my time and went through pretty much the same process. These are decisions we all have to make at some point so having a representation to see and absorb is great. Thanks and cheers
I sold all my QYLD last year. we had a good run, but i saw that SPY & QQQ would be a better long term hold for what im more comfortable with.
If you've been in QYLD for 5 years, you would have eaten a 20% capital loss. If you were on a DRIP, sure, you might have seen a total net return of 14% after reinvestments, but frankly, that's pretty bad for a 5 year investment. I really don't see the point in closing my small position in QYLD. Maybe that's sunk-cost thinking, but I use the regular dividends to invest in other income shares/ETFs.
SVOL and SPYI are the two best monthly dividend ETFs right now.
FEPI outperformed both as did JEPQ
@@STOCKDOGINTHEPHILIPINES FEPI is gambling on the FANG, it does well as long as the FANG does well, since the Nasdaq is at all-time highs and FEPI has only been in existence for five months this is not indicative of what it's long term value will be.
JEPQ has a good long term overall return, but a lower monthly dividend than SVOL and SPYI.
JEPQ is better I believe
They're decent for sure
I sold my QYLG and replaced it for SPYI about 6 months ago. Very happy about it.
Me too.
I sold mine for JGGI. Chuffed with it tbh
I will look into this fund as well. I have a position in SPYI and am very pleased with it. 👍💰💰💰
I think it's a good choice, NEOS proved with SPYI that they know what they're doing. I hold JEPQ which I bought over a year ago, but I'm considering switching to QQQI in the coming months for a more stable distribution.
I sold out of QYLD a while ago and went into SVOL and SPYI. Better.
Great video, i already owned SPYI, but i did not know about QQQI. I sold CONY and QQQY and bought QQQI. Thank you for your great videos.
Great choice. 😀👍🏼 Armchair Income has a good interview with the QQQI portfolio manager, Garrett.
Qyld is great for return of principal which is not taxable.
QYLD also has it's NAV erosion consistently since I bought it. Selling covered calls ATM always risks of shares getting called.
I purchased 200 shares today. I would have purchased more but I don't have much cash in my account at the moment. I purchased some VICI earlier in the month after your video.
I'm not with you on this one, QYLD even at its current share price is on track to yield nearly 12% this year, that's really good for a CC ETF, I'll be keeping my shares, big problem with the new CC ETF's is the tendency for the share price to fall significantly following their IOP, and the one you mentioned along with a number of others I will be watching are brand new and need time for the share price to settle down into a norm, at least to drop down to wherever it is going to go before beginning to climb. My preference per the encouragement of a banker friend is to seek out stocks with at least a five year history of not only strong share price performance but also of course a solid dividend payout history.
I'm told spyi uses some return of capital.ill assume qqqi does the same so I'm out, unless I find otherwise otherwise otherwise
I'm with you on this, QYLD has been a great etf for me and has been providing steady growth. The fact that its shareprice isn't jumping up so quickly shows that this is a good long-term stock. It may not be growing as quick people would like for it to be but i'd generally consider that a good thing
The rejection of of a stock that pays return of capital as part of a dividend payment may reflect a misunderstanding. ROC does NOT mean you are getting some of your stock back, as you retain the same number of shares. Instead, it means your cost basis is reduced. So you pay no taxes on any ROC payments now, and whenever you sell your shares, you pay taxes on that amount later on. But the good news is you get some of the capital now that you can reinvest and increase you dividend payments by owning more shares. When comparing a lower dividend paying stock that does not pay ROC to a higher yielding stock that pays the increased difference of its dividend in ROC payments, the latter is preferred. I watched a video some time ago from a guy who railed against ROC as a total scam, until I did something really amazing: I stopped and actually THOUGHT about it.
As Alan points out, the idea of these high dividend yielding stocks is to enjoy the dividend payments and not worry about the share price. I am investing in the market exclusively for dividend payments and am not concerned at all with capital appreciation as a strategy, which to me is far too unreliable in the market. If I want capital appreciation, I'll look at other hard assets with far more stable performance.
If the concern is that share price falls significantly, isn't that what's been happening with qyld? Spyi share price seems to be more stable in my opinion
Thanks for sharing. It would be of interest to see a comparison between QQQI and QQQY.
Yep do the same thing; split QQQ covered call funds between JEPQ/QQQI. Love SPYI, big reason I also jumped into QQQI "early".
I’ve got about $5k sitting as a cash balance that I don’t intend to touch at the moment. Is letting it sit in a Fidelity money market with 4.97% better or putting it all into SPYI?
5k in Spyi would generate(lately)~$600.00 per year income.
@@vtl65 right! But that $550-$600 per year doesn’t factor in the 0.68% expense ratio vs not near as much for SPAXX. Additionally, SPAXX is safer and liquid whereas if I had to use the money in SPYI, I’d have to sell and incur capital gains.
I bought Jepq and Jepi last summer. Dividends were to be 12 and 11%. Jepi now has a 7% yield, Jepq is 8.95.
Thanks for the great video!Good choice and good timing. I feel much more comfortable with QQQI than QYLD. Armchair Income YT channel did several interviews with NEOS. I dumped QYLD a long time ago. I have a good bit of spyi but am slowly picking up qqqi as theses cc plays usually drop a bit in the beginning of their existence.
QYLD is about timing. I would only buy when super drops. I outpaced my losses with divvies. Still sold. Had about 3.3K in cash Jan 4 ran my own CSPs and CCs bringing my cash up to 9K today. That beats the fuck outta 16 to 22 bucks a month.
Sold my QYLD about one month ago along with other yield producing ETF's. One advantage for QYLD is its' price is stable. One disadvantage is if you hold 1000's of shares a drop cloud mean a drop in the thousands. ( a 10,000 share loss of one point is a paper loss of $10,000) Another reason is that some ETF's like PHD yield as much with out the risk. Now with the issue of MaxYield ETF's a different picture emerges. True there is market risk in everything! I rode 1000 CONY from 20 to 27 and collected about 80% along the way.
Thanks!
I sincerely don't even pay attention to Capital gains, I don't think it matters for a Dividend Investor. I think we are the kind which focuses on CASHFLOW, Yields, Diversification and risk management, hence I'd never sell any of my holdings and I haven't, why would I kill my chickens? they're giving me perfectly fine eggs and my farm keeps growing and growing. Capital Gains? seriously? our stock is supposed to stay mostly flat lol, they're definitely not Tesla or anything like that, just focus on keeping your yield healthy and strong, your portfolio well diversified and keep getting more and more dollars, that's it, there's no science to it.
i bought near the top a few years ago so i'm down 4k stock price, but i never sold and actually got back 6.5k in dividends so technically i'm still up after the crash. but i am disappointed that stock seems to be stuck in 16-18 range and never got back up to the 20s. i'm in jepq, and spyi as well. i'll check out this qqqi, i might wait a bit cause its so new. i fell for the tsly trap, lost a bit on that yieldmax
FEPI is staying consistent.👀
But you should have known that from looking at the prospectus. QYLD writes at-the-money calls so there is little to no upside potential.
CC funds are generally pretty bad outside of JEPI, JEPQ, DIVO and IDVO
With any stock you want to do better than average and the SP500 (SPY ETF) can be used as average. Also, total return should be used and not just dividends. Have you ever compared any stocks to the SPY for total returns? I look at QYLD compared to the SPY and invested the same amount in both at the beginning of each year for the last 10 years and sold it at the end of 2023. In those 10 cases the SPY out preformed QYLD every year whether the dividends were withdrawn or reinvested. I know that past performance does not predict the future but other methods may not as well. Just look at a stock chart (AZO - long term chart 20 years) and it should be going for lower left to upper right.
Living in Denmark this pretty much the online covered call ETF I have available. so I’m tempted at a relatively safe 10% yield monthly.
How much % of the income from QQQI is qualified as Return of Capital?
Thanks
I'm sticking with SPYI
I just pulled the trigger on selling XYLD and buying SPYI. I like out of the money calls more than at the money calls.
I am very new to all of this and appreciate the information. QQQI confuses me a bit, as I see people talking about the 14% yield, but when I examine the stock through my brokerage it only shows as having a dividend of 2.34% currently which is a far cry from the mentioned 14%, I am sure this is a case of me misunderstanding how these things pay out or aggregate their value. But as some one very new to the investing space it is very confusing and makes evaluating difficult.
I also had qyld but it didn't appreciate much when the index went up and it got hurt when the index was down a couple of years ago. Sold mine last year and went into jepq which does appreciate with the index but am wary of a market drop. I'll have to check qqqi out for its better stability.
Is RYLD still good?
Good to know, but we are more interested if you’re still holding ACRE and SACH
I don’t understand the rationale. I’m seeing « QQQI has a dividend yield of 2.35% and paid $1.20 per share in the past year » so where are you seeing 14%?
It pays around 0.60 cent per month but has only been around a couple months. This works out to 7.20 a year hence the high dividend. You read it wrong
That's the TTM (trailing twelve month) yield. The ETF hasn't existed for twelve months. Annualizing the yield the ETF has had for it's first couple months of existence would get you around a 14% yield. But, there's no guarantee the next 10 months payout the same as the first two have, of course. The 14% is just an educated guess.
The only one of these ETFs that have held up well for me is JEPI. Then again, I bought XYLD at the top a couple years back. Probably days before XYLD's dip. I broke even, but it just goes to show that a youtube video about past performance doesn't equal future performance. I broke even on XYLD, so it could have been worse. QYLD I made money on, and I kept JEPI since it's the only one of these ETFs that is doing well in terms of stock price in my portfolio. I am a lot more strict with my stocks now, taking my portfolio from 100+ positions to around 30.
SPYI and QQQI are good stocks to own
Since we're approaching April, one of the best months to buy stocks. I am currently holding north of $300k in a savings account waiting to invest in another huge opportunity.. Where would you invest this as of now?
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
Aileen Gertrude Tippy'' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
What does he mean when he says qqqi has a better covered call strategy that qyld
New microphone?
I’m thinking so too. To me, his voice sounds deeper and louder. Not of much import, but still notable - and appreciated
What is the down side to covered calls ETF's?
Growth is capped by the cc.
Some ETFs (e.g., QYLD) have experienced “NAV erosion” over time.
Hard to beat a monthly div tho. Isn't QQQI annual?
Monthly, its only had 2 distributions so to say it has a 14% dividend return is wrong.
Dont really have access to those etfs, Do have Qyld but its not that great for me, got in too high , its still in the red so Im not selling it for awhile but will as soon as it breaks even at least.
Good decision. If you compare the total return of QYLD to any other Nasdaq option ETF, QYLD under performs them all.
How?
You have to look at total returns not just pps.
That’s one hell of a expense ratio
Just keep it and buy additional ETFs... that's what i do. Stay diverse with a trusted fund, even if yield isnt highest.
Thats what I am doing, getting SPLG to diversify its just a cheaper VOO
SPYI distributions are consistent because they are Returns of capitals.
Well yes because they are optimizing for tax. It doesn't mean that their trades are losing money.
The last return of capital was 5/2023. Since then, all of the dividends have been standard income/dividends
Itll lower your cost basis so you can pay taxes on your money lost while also getting taxed on your own money they give back to you
@@KO-gj9ug The ROC portion of the payout is non-taxable.
CONY is “Lucky for Life’s” baby sister!👶🏻
I did the same strategy
I sold this on its ath and bought 4 different etf with more ridiculous higher divs
good trade
His Cherokee name is "Invests with a Computer"...
I have 00P with big drop in value. SELL?
Why not keep both doesn't seem a smart move I own multiple etfs you talked about I don't sell anything
any K-1?
No
I sold all my shares of QYLD two years ago
Jepi and jepq better choices imo
Global X are the only ones that have released covered call funds in Europe so far, which is sad because we want more over here
If you bought QYLD in the Fall of 2022 or some other previous down year, then QYLD is a long term keeper. I sold because I bought too much before the 2022 Fall decline. The big plus if QQQI holds true long term is the tax efficiency and more upside gain. We will see about the limited downside vs QYLD.
I sold all my YLDs and invested in yieldmax, never been happier with my dividends and my stocks are all up right now.
Same I went from 300 per month up to 700 a month. April should be up to 1000 a month.
...sold my YieldMax at a loss in December. Focused instead on writing my own options contracts...running "the wheel" on a few stocks (BABA, TSLA, COIN, MARA) & strategically timed, ~weekly iron condors on SPY & QQQ. Working out much better for me, I can realize similar yields without the downside sensitivity that is inherent in the YM funds.
I left all YLDs for JEPG, way better fund strategy and diversification
JEPG is a European fund, are you in Europe or why are you invested in this fund?
any clue on the annualized yield they're targeting with JEPG? can't find it yet
@@michielhardeman8138 like 5% but hard to say, there have only been 3 distributions
@@TBasianeyes Yes
I dumped QYLD a few months ago, I just wasn’t happy with the performance and dividends. Lots of better options now.
Been saying this since 2020, I dunno why Global X didn't see the competition coming. They should've swallowed their pride and cut their fees. When your strategy is as simple as ATM theres no excuse to have 0.60% expense ratio that greed is probably starting to feel pretty painful for them on their CC funds given how much more you get out of sone of these for the same or lower expense ratio.
2 QYLG for every QYLD I own as well as the other ones they have as such
You need FEPI
I did the same a couple of weeks ago 😂
I sold my QYLD last year and picked up JEPQ. This year I sold RYLD and picked up OBDC. I am pretty happy with both of these decisions.
Good move. I also dropped QYLD and jumped on JEPI and JEPQ. I am building up positions in SPYI and QQQI though, as their tax treatment is a huge incentive.
Why invest in dividends if you are in your 20s and 40s instead of growing. ?
RIP o7
Thank God, he sold
Why
@@rf421QYLD had a bad year in 2022. To the point it will take dividends into 2026 to make up the loss per share.
FEPI
We're in an inverted yield curve and a tech bubble and you bought the stock that is most susceptible to a tech crash? Ok then.
What companies do you think QYLD holds?
Not a fan of ATM covered call funds. There are better options.
QYLD was a joke...Declining pps that the dividend couldnt make up...Avoid all YLDs imho...
Capital Gains from QYLD??? Lol
DJT DJT DJT will be with the most gains this year.
Wall st applods for fees
Why trade or hold when you can start using Eledator? Copy trading make it easier
Reading thru the comments is very entertaining! You can tell that about half the people “get it” and understand why QQQI is a better investment than QYLD. Then, there’s the other half, that don’t understand how these ETFs work!
TUGN.....
When are you going to cover the 2 new WEEKLY PAYING funds $XDTE and $QDTE?
Yields:
XDTE - 19.5%
QDTE - 40%
First payment is 12 days (obviously more than a 7 day week) but it should remain higher than $TGIF and $WKLY's did (both now liquidated)
Honestly wouldn't have expected DB to have QYLD in his port...
Everyone dumping QYLD - they failed to evolve with so many better choices today
i sold all my qyld at a L , ill chalk it up for a tax loss harvest lmao
Qyld strategy is too outdated.
You'll be back... trust me.. you'll come back to QYLD....
Sounds good until QYLD becomes an actively managed fund. Just a matter of time.
Ahhh he dumped it on us. Typical YT guru 😂
Didn’t dump it on us if he told us he sold it😂
after he dumped! xD @@Tktosrs
@@taWay21do you only jump on coattails or do you ever find your own investments?
@@turbotoad8782 stop. He's been pumping this ticker for months and months, pumping his own bags, And now he dumps it on us. Every guru does the same crap
@@taWay21and if you just follow in everyone’s wake, it will continue to happen to you.
Let him pump his lil friend’s etf lol. qyld is up 5% in the last year. He’s giving us profit even if you do follow a youtubers financial advice lmaooo
It's down 21% the last 5 years...
@@akaspencerdunbar with reinvested dividends you’re actually up by like 20%. Doesn’t seem like you understand dividend investing
no reason to sell
QQQI and JEPQ also payout on different dates.
LOL, what took you so long.
Jepi and jepq better choices imo
I agree!