Replies to post #3 on Global X NASDAQ 100 Covered Call ETF (QYLD)

[rayank]

It goes up or down LESS than the markets usually, but it has the dividends. Again I have been in it for over 2 years. It makes money from the volatility of the market through covered call options. Interesting concept I thought.
IF you'd like 2 others that are similar that I also own:
DIVO and HSPX.
HSPX is also options based on the S&P 500 and DIVO uses the option covered call occasionally as a strategy, but is diversified more.
Another that I do NOT yet own is only a year old is RYLD: the Russell index options based ETF.
Do your own DD on DIVO and HSPX even though I own them don't take my word. RYLD I am keeping an eye on.
I own only 6 ETFs and my goal is INCOME, INCOME, INCOME as my wife and I are 73 years old. I only day trade some stocks now, but I used to only be in stocks.
GOOD LUCK.