Replies to post #4 on Global X NASDAQ 100 Covered Call ETF (QYLD)

[Kypee]

I’ve had RYLD on my watch list for some time, I wish I had the time to day trade a bit. Only 31 so I just want steady income where I can get to like 4000 a month eventually. Right now I’m mostly banking on NWBO in hopes the data is outstanding, but every so often I transfer my savings over to my broker account and buy either something I see as undervalued or currently trying to get QYLD up. Going to take me awhile to get where I want but I still have plenty of time. It sucks when I want to buy a jet ski though, but I can buy better ones in the future if my plans all work out slightly lol

[HomeRunSwing]

Evening Mr. Rayank - I am within a year or two at most of retiring, if i understand correctly! the monthly dividend is actually a (Return of capital) payment until your original investment is returned? And then you are taxed at a regular income rate? Is that correct?