Search found 3 matches

by Daniel
Wed Jun 02, 2021 10:27 am
Forum: Taxes
Topic: QYLD ETF Tax questions
Replies: 11
Views: 1587

Re: QYLD ETF Tax questions

-snip- While I'm glad you expressed your opinion, a covered call strategy has its advantages and shouldn't be ignored because it "underperforms." The strategy has its own advantages that make me interested in it. Everyone has a different investment strategy and what fits me may not fit ot...
by Daniel
Tue Jun 01, 2021 12:39 pm
Forum: Taxes
Topic: QYLD ETF Tax questions
Replies: 11
Views: 1587

Re: QYLD ETF Tax questions

@Captinspoke It's not for capital appreciation. It pays a stable "dividend" by selling call options on its holdings. Once you take into account its "dividends" and them being reinvested it'll look completely different. Hence, you have to look at it from a different perspective fr...
by Daniel
Tue Jun 01, 2021 5:18 am
Forum: Taxes
Topic: QYLD ETF Tax questions
Replies: 11
Views: 1587

QYLD ETF Tax questions

Hi all, first-time poster here. I'm contemplating buying the covered-call etf QYLD. In the states, I hear that its "dividends" are treated as a return on capital. Which gives it some beneficial characteristics that are different from normal dividends issued by companies. Does anybody know ...