5 Monthly Dividend Stocks that Beat the QYLD [Video]

The Nasdaq 100 Covered Call ETF, #QYLD is LOSING your money! I’ll show you why the QYLD ETF may not be the best #dividendstock for you and reveal five monthly dividend stocks to buy now. 💰 Want to make sure you’re buying the best monthly dividend stock? Watch this video next, all 20 monthly payers ranked https://youtu.be/1r1lIaALk0I

Understand, it’s not that the QYLD dividend fund is a bad investment but it is losing your money compared to the monthly #dividendstocks I’ll show you in this video. The QYLD returned just 6.8% a year over the last five, that’s TOTAL return including the dividend. That means along with the 12% dividend yield, the price dropped so much as to wipe out a lot of that return.

If you liked this video, these are perfect for you!
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There are a few things that are important when looking at the QYLD ETF to help you understand the strategy and where the risks are, and why the fund might underperform others.

First, the fund is selling calls against about 3% of its stocks each month, just enough to produce the cash needed to pay out that 12% annualized dividend yield. The cost of selling those calls every month is going to be a drag on the performance, though it’s fairly small. Also though, just using that covered call strategy, means if the stocks in the Nasdaq jump higher in one month…the fund is going to miss out on some of that because it’s sold another investor the right to buy those shares for cheaper. That’s why you saw the QYLD underperform the Nasdaq tech stocks by so much over the last five years.

Another weakness though is that because the QYLD is a fund of over 100 stocks, it loses the opportunity to run higher if any of those stocks does really well. The non-tech stocks like Constellation Energy and Ross Discount Stores tends to slow the growth and the returns versus the stocks we’ll look at.

And it’s not as simple as never selling the QYLD. As that price has fallen, the dividend has been cut as well so investors that bought five years ago aren’t getting the same dividend yield they expected.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

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