This week, I've been loading up on$Global X Nasdaq 100 Covered Call ETF(QYLD)$ , a strategic addition to my portfolio. I prefer QYLD over other Nasdaq-tracking ETFs due to its historically stable price action, courtesy of its covered call strategy.
While QYLD may not offer the same growth potential as its unhedged counterparts, it more than makes up for it with consistent monthly dividend distributions. This steady income stream is ideal for reinvesting into my satellite portfolio, providing a regular influx of capital to optimize my overall portfolio performance.
QYLD's unique blend of stability and income generation makes it an attractive holding for investors seeking to balance risk and reward. As a trader, I'm always on the lookout for opportunities to optimize my portfolio, and QYLD's covered call strategy has proven to be a valuable addition to my arsenal.
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