DUMP THIS Dividend ETF from your PASSIVE INCOME Portfolio NOW!
I’ve been covering some of the best ETFs for maximizing dividend income, and majority of these ETFs use a similar strategy which is selling call options on their underlying holdings to generate premium income which is then distributed to investors as a dividend yield.
Now majority of these ETFs are either selling call options on the S&P 500 or the NASDAQ 100.
But there are some ETFs that have taken an entirely new approach to the covered call strategy and instead of selling call options on a broad index, like JEPQ, they’re selling call options on individual stocks.
And there’s one company in particular that has been gaining a lot of attention and has been pumping out a new ETF almost every month that sells call options on a specific stock.
And this is the Yield Max ETFs. Now I have never been a fan of the yield Max ETFs and I’ve regularly warned investors about the implications of such ETFs in the long term.
But there’s one ETF they recently released that has been able to accumulate almost 800 million dollars of assets under management in one year, providing a monster dividend yield of 46%, but most importantly, is diversified to 30 different individual holdings.
This is the one ETF from yield Max that is not concentrated to one stock. And I was actually pretty happy to see this.
But unfortunately there are some major issues with the ETF that every investor needs to be aware of, plus I just found out a dirty trick that the fund managers are playing on investors.
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Disclaimer:
I am not a financial advisor. Viktoriya Moskalyuk does not provide investing, tax, legal or accounting advice. This video is for entertainment and educational purposes only and should not be considered as financial advice. I am solely sharing my personal experience and opinions. I highly encourage you to do your own research- there is a risk of losing money in the market. You should consult your own tax, legal and financial/investment advisors before engaging in any transactions.
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📚BOOKS TO READ📚
THE OPTION WHEEL STRATEGY:
https://amzn.to/4046nFf
COVERED CALLS for BEGINNERS:
https://amzn.to/42IsXoX
Investing for Dummies:
Original – https://amzn.to/3Ju9bVc
9-in-1 Books- https://amzn.to/3FGu3r3
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