re: NASDAQ minus 15% Year To Date

Precious metals holding steady .... down 1.2% YTD

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I’m just burying my head and not looking at stocks for about 6 months

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May need to do the same. Come back in 6-12 months and DCA my demolished buys from last year. I own all good Companies minus a few growth stocks but at least i didnt buy those at their highs.

I thought Apple was going to save the market but damn I was wrong

Yesterday while driving home for lunch I was listening to CNBC. They had an analyst on talking about HOOD before earnings. I told myself I was going to short it when I got back to the office. Well, I forgot and........yeah. I may still short it, but I think they will get acquired.

Pretty nice day today

Hear ya - but it’s approaching all time lows - although it’s history is not terribly long

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What in the world did you invest in?

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I’m wondering the same.

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You don’t get the rising income of dividend growth stocks, you don’t get the predictable income of traditional value stocks, and you don’t get the upside and tax favorability of growth stocks in the Nasdaq 100 outright. You get a combination of the worst of all 3 - Nasdaq like volatility with unpredictable, unfavorably taxes distributions.

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Anyone buying QYLD in taxable accounts should re-think what they are doing. QYLD has exhibited lower volatility than QQQ, but I question whether investors recognize that a significant portion of the distributions are return of capital due to its stated objective to pay a specific amount each month and if the distribution earned is significantly lower than the required amount one receives additional ROC. I suppose some months it may out earn the distribution, but still believe ROC supports many months. I do own some QYLD in a Roth and maintain specific buy prices, but it's a drop in the bucket compared to other holdings.

Added Feb 1 distribution link, entire distro is ROC:
QYLD Feb 1 2022 info

Eh, the above was December info, YTD 2022 is still 99.6% ROC.

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Anyone buying QYLD in taxable accounts should re-think what they are doing. QYLD has exhibited lower volatility than QQQ, but I question whether investors recognize that a significant portion of the distributions are return of capital due to its stated objective to pay a specific amount each month and if the distribution earned is significantly lower than the required amount one receives additional ROC.

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I’d imagine 90%+ of retail owners have no clue how the distributions work.

50% or 2018 distributions were ROC and the other half were short term gains/ordinary income. 85% of 2019 was ordinary income and short term gains. 100% of 2020 was return of capital.

If you want less volatility than the Nasdaq, but similar performance gains to QYLD, look at DGRO. At least you know what you’re getting, you know it’s going up over time, and you know the tax treatment and whatnot. If you want long term growth buy the QQQs outright - QQQM is slightly cheaper than QQQ. QYLD is a crappy compromise that basically relies on investors not knowing what they own and simply focusing on the high yield nature of it. Any strategy paying 10%+ should be met with a hefty amount of scrutiny.