QYLD Update: Dividend Gains and Dollar-Cost Averaging Strategy 📊
Dividend Collection 💰
I recently received a $0.338 dividend per share from QYLD, adding consistent income to my portfolio. QYLD continues to be a reliable source of cash flow, even during market fluctuations.
Price Movement: Red Day Opportunity 📉
On a red day, QYLD fell from $18.81 to $18.35. Recognizing the dip as an opportunity, I applied a dollar-cost averaging (DCA) strategy to buy more shares. By purchasing at this lower price, I aim to reduce my overall average cost and position myself for future recovery and growth.
Why Dollar-Cost Averaging? 🛠️
This approach helps to smooth out market volatility by accumulating shares at different price points. By buying on red days, I capitalize on temporary dips while continuing to earn regular dividends, which effectively lowers my cost basis over time.
Long-Term Goal 🚀
I’ll keep reinvesting dividends and buying more shares during price dips to maximize income and potential appreciation. QYLD’s consistent dividend payouts align with my strategy of generating a steady passive income stream.
Disclaimer: Dollar-cost averaging and dividend investing involve risks. Past performance does not guarantee future results. Always evaluate your financial goals and risk tolerance.@MillionaireTiger @TigerTradingNotes @MillionaireTiger @TigerStars @MillionaireTiger @Daily_Discussion @TigerEvents$Global X Nasdaq 100 Covered Call ETF(QYLD)$
| Side | Price | Realized P&L |
|---|---|---|
| Buy Open | 18.28 | +1.36% Holding |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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