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- Aug 2, 2015
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Seriously. It’s an ETF that tracks the Nasdaq 100
You could also buy QYLD.
It tracks above mentioned ETF QQQ and is actively managed by selling Covered Calls on the top 100 NASDAQ companies and provides investors a Monthly 11.80% yield. Basically returns lots of premium $ gotten from selling calls from the top 100 NASDAQ companies.
Won’t grow, but is a great Monthly income vehicle.
Currently in Low 20s. Went to 18 during March 2020 and like 23.50 during record high NASDAQ.
Anyone near retirement that has to park $ somewhere, but it won’t grow any, but may need about a 8-11% yield, QYLD ain’t bad.
Popular on Reddit with young stupid kids like me, (I sold @ 23 and focused on growth ETFs), but I’d pick some up if I had to take an RMD and had to put it somewhere, but also wanted livable monthly income from it.