Been in QDTE for a few weeks now and I’m really happy with it so far. I do like the weekly distribution as my wife and I start moving toward retirement.
I can not express, enough, how grateful I am for your deep dives into ETF's that I otherwise wouldn't give a second look. I don't know if any of these ETF are/will be good long term but they are definitely fun to look at in terms of how will owning some of them assist in my long term investing plans. Thanks for the information. Have a great week.
XDTE and QDTE were not the first to offer weekly dividend ETFs. The first to offer weekly dividend payouts was SOFI with their 2 ETFs: TGIF and WKLY back in 2020. Unfortunately for them, both were closed and liquidated earlier this year (2024) due to lack of investor interest.
There have been weekly distributing dividend ETF's previously, Sofi had two of them TGIF and WKLY which both are closed down. Appreciate your insight, thanks for the video.
I see Potential Because the ETFs have A 5 month Inception date Fairly New To the Market Can Attract Investors for Weekly Pay I’m personally Holding A Position in both .
I been watching these for a few weeks and really was surprised to see how well they've kept up with their respective indexes. I ended up starting a position on both just 1% allocation for now. I probably wouldn't go more than 2% just because the expense ratio and I also not a big fan of synthetic positions. I'd rather own the underlying stocks in the indexes. But I do like these so far so making an exception until I have a reason to dump them I'll hang on to them
As of about a month ago, I have about 40% of my portfolio in a combination of QDTE, XDTE, and SVOL, and the rest is in more traditional SPY / QQQ / sector-specific ETFs with some option hedges on SPY. Too early to tell who's going to come out on top, but so far, the traditional portfolio is up 1.5% and the income-oriented portfolio is up 2%. In my ideal world, the income portfolio will pay the bills while the other one can just sit there getting fatter than a Thanksgiving turkey. It's a nice thought, anyway. Ask me in a year if I've gone broke. 🙀
👍#130 I always appreciate the period about the options strategy (in a lot of your videos), particularly sharing your trading experience as well as the example when Roundhill's strategy didn't work. Great stuff. Many thx! 🎉
I like these 2 for weekly payouts because I am buying / reinvesting dividends nearly every day, and their price far has been stable. I wouldn't invest too much of my portfolio into these yet, I am new to these along with some Yieldmax ETFs, but I will be slowly adding to these positions over time.
Looking at it again today. XDTE has been doing very well over the last 6 months, outperforming the S&P with less volatility. I am quite impressed. Though I live in Europe, so I will have to pay a 15% tax on the dividends in the US, plus 26% taxes in my country. 🙄
It is holding up. I still prefer to mix option strategies together so I buy various funds. Different markets will produce different returns simply based on the strategy.
If you live in the EU and your country has a double taxation agreement with the USA - then you do not have to pay tax on dividends twice (in some countries only the difference is payable), check all the regulations again.
@@janiskruklis6313 I live in a EU country with a double taxation treaty. I need to pay 15% (instead of 30% I would pay without taxation treaty) and then another 26% on what remains. So at the end I pay 37%. It's pretty steep unfortunately!
Have them both and weekly paid around 10 bucks a week and the stock itself is in the plus in my traditional account. Holding what I have for now and 40 dollars a month is not bad at all. We shall see if I invest more.
I like to vary indexes and strategies, so I have QDTE, but went with SPYT for the S&P and a call spread strategy. I focus mostly on the major indexes with smaller positions in other funds...well, YMAX is a pretty large position too, maybe getting a bit greedy, lol.
I don't really need the income yet. I'm more focused on growth. I do like products that offer some growth and income. These 2 are not a great fit for me but perhaps down the line they would make more sense in my portfolio. I would also need to see them hold up against other similar products during different market cycles since some alternatives (JEPI, JEPQ, GPIX, BALI, DIVO) that I own have lower expenses.
Great explanation ! Sounds too good to be true 😀 but I gave it shot and bought 100 shares. So far so good, that Friday paycheck is nice.What will happen if market corrects 20-80% ?! Will QDTE still pay out dividends or it will go to $0 dividends ?! Will this strategy perform better in correction bearish market or bullish?
This will perform best in a sideways market or a slightly upward market. Small declines would be ok. A huge correction would be bad for this just like it would be for other ETFs that own stocks.
@@wealthadventures Thanks. Nasdq is slighly upward market all the time, not many big corrections.QDTE is dropping now.I'm (-$153) on 100 shares today but there is a kick back around $120 a mo in div. So let's see how it will play out.
I bought 1 share of QDTE just to tap into that weekly dividend coolness. Collected my first dividend last week. Not quite at the point where I need the dividends to fund my retirement, but this was just interesting enough to start a test on. If it works out over the next 16 months, QDTE may just have a spot in my retirement income portfolio.
I am building a small position in QDTE. The weekly distribution is not really important, but I'll take it. At some point adjustments in the option world might have to occur as the 0 DTE volumes get really crazy.
It's certain that this year will bring more challenging challenges. Looking back, I realized that I spent the entire previous year making expensive financial blunders because I was so consumed with worrying about my portfolio. I was forced to decide between raising my investments and purchasing a home. I discovered that the property I had bought needed more work than I had anticipated after deciding to sell my investments. It's becoming more difficult to determine how much longer I can take this.
Thanks for discussing these new products. Short feedback…no thanks. I’d rather DIY on 0 DTE trades. I can get daily income, not weekly. No expense ratio involved. No NAV erosion. I’m a chartist so I use technical analysis to better determine trend of SPX, thus choosing naked calls OR puts for any given day as well as to define my trade size. So I’ll keep doing what I’m doing.
Great video, could you please clarify the QDTE distribution. If I currently have for example 1000 shares do I get paid the .56 cents that was declared for this week ? 1000x.56=560 dollars ?
Yes as long as you own it prior to the ex-dividend date. Latest one is today 8/8 so you would want to own shares yesterday to be eligible for that one.
i have my entire portfolio in high divi paying closed end funds. it pays me monthly and increase my account balance every month. if you are getting paid high divi but your balance contnue to shrink then you are in wrong investment
I don't understand the attraction to these ETFs where you seem to carry all the downside risk, but limit upside potential. You could just sell 0.1% of your holdings weekly for the same cash result, and retain 99.9% upside potential. Under what scenarios will these sorts of ETFs outperform the general market to compensate for giving up upside potential and paying a big fee?
They can perform well in flat markets. They will underperform in bull markets but can still return some nice income. Choppy markets, especially with these 0DTE style funds, can also be problematic. They offer a little protection in declining markets.
@@wealthadventures I guess it's the 0DTE that is my issue while holding the exposure to the underlying. I'd rather they sold the 0DTE and just held short term treasuries for interest rather than underlying exposure
@@wallysta I get it. I prefer to handle options myself because I'm not rules based. If an index declines quickly, I'm not going to sell a slightly OTM call and lock in a loss for example. These can certainly punish you for being long an index and capping the upside.
If market tanks this will quickly go to zero because of that deep in the money call, I am sure they will roll it before it is too late but still this seems like a good product for melt-up scenario
@@wealthadventures I just double checked. The deep ITM call is SP 420 expiring Mar2025. It is only 24% below today's close. IN a sharp pull back it can go there, the pull back in 2022 was 4800 to 3500, which is 27%, so it just happened last year. This product is only good for a melt-up scenario
Hey Karl. I own 3 of the top 5 holdings directly (ET, KMI, EPD). You could use this ETF but with an expense ratio of 0.8%, I prefer to buy my favorites and give up some diversification. The MLP's will also send you a K-1 at year end. Some people don't want to mess with that but I don't mind.
Do any div calculators allow for weekly drip? I have to think that investing a chunk and allowing it to drip weekly is going to accelerate money quicker than if in a fund with same yield but only monthly, or is my math brain completely broken with this 🤔 thx all
The way I understand it, they hold 100% in the nasdaq and sell calls on 100% of that during the day... so during the day your at the whims of the sold call contract but overnight your riding the nasdaq
@@Chewie576 It still boils down to total return. Split or reverse split doesn't change anything. If they are stripping off too much income, the fund will go down... but you have the income.
At ua-cam.com/video/STCi0T59w9I/v-deo.html you somehow found a position taken by Roundhill for QDTE. How or where can I find their daily performance or the actual positions they take? I have done many searches like "roundhill qdte daily positions" but have not yet found their daily open/close positions. Essentially I am trying to verify when they pay $0.20 dividend, I want to review their daily gain/loss including the movements of the underlying long positions which I am able to find.
Been in QDTE for a few weeks now and I’m really happy with it so far. I do like the weekly distribution as my wife and I start moving toward retirement.
Nice! Good luck.
The main thing with these particular etfs that I pay attention to is the fund amount wether its increasing or not. So far its looking good
These are are awesome working on getting as many shares as possible . Weekly payments. That stuff compound fast
Same here, loading up weekly
If you want it to compound you shouldn't have distributions, right?
Do DCA in case NAV goes down in the future.
Very good review/analysis. I must closer at theses two because high yield and relatively stable NAV to date
I can not express, enough, how grateful I am for your deep dives into ETF's that I otherwise wouldn't give a second look. I don't know if any of these ETF are/will be good long term but they are definitely fun to look at in terms of how will owning some of them assist in my long term investing plans. Thanks for the information. Have a great week.
Thanks! Appreciate it!
Have both … very pleased … buying more on Monday
These fit into my Roth IRA
XDTE and QDTE were not the first to offer weekly dividend ETFs.
The first to offer weekly dividend payouts was SOFI with their 2 ETFs: TGIF and WKLY back in 2020. Unfortunately for them, both were closed and liquidated earlier this year (2024) due to lack of investor interest.
That sofi fund sucks it was like 5 cents spending $80 a share
@@hulkman4004lol exactly roundhill has a lot more upside and it seems to be attracting more investors by the day...
these are also completely different animals compared to those 2 funds.
There have been weekly distributing dividend ETF's previously, Sofi had two of them TGIF and WKLY which both are closed down. Appreciate your insight, thanks for the video.
I see Potential Because the ETFs have A 5 month Inception date Fairly New To the Market Can Attract Investors for Weekly Pay I’m personally Holding A Position in both .
Excellent summary. I hope you do an update in the future when we have more info..
Thanks, will do!
I want daily income. Waiting for $DALY to come out.
😂
$HRLY when you need it hourly.
I been watching these for a few weeks and really was surprised to see how well they've kept up with their respective indexes. I ended up starting a position on both just 1% allocation for now. I probably wouldn't go more than 2% just because the expense ratio and I also not a big fan of synthetic positions. I'd rather own the underlying stocks in the indexes. But I do like these so far so making an exception until I have a reason to dump them I'll hang on to them
As of about a month ago, I have about 40% of my portfolio in a combination of QDTE, XDTE, and SVOL, and the rest is in more traditional SPY / QQQ / sector-specific ETFs with some option hedges on SPY. Too early to tell who's going to come out on top, but so far, the traditional portfolio is up 1.5% and the income-oriented portfolio is up 2%. In my ideal world, the income portfolio will pay the bills while the other one can just sit there getting fatter than a Thanksgiving turkey. It's a nice thought, anyway. Ask me in a year if I've gone broke. 🙀
I think it's a good strategy, I have a slightly similar one. Have you looked at DIVO and IDVO as well?
This good for people who don't know technical analysis
@AngelaPowerhouseWilliams what do you mean?
What's your opinion now after recent down and up? Does QDTE and XDTE work well during this period of time?
👍#130 I always appreciate the period about the options strategy (in a lot of your videos), particularly sharing your trading experience as well as the example when Roundhill's strategy didn't work. Great stuff. Many thx! 🎉
Thanks!
You explained it very well! Thank you!
B===D
Weekly distribution is definitely a buy 👍…
I like these 2 for weekly payouts because I am buying / reinvesting dividends nearly every day, and their price far has been stable. I wouldn't invest too much of my portfolio into these yet, I am new to these along with some Yieldmax ETFs, but I will be slowly adding to these positions over time.
I don't own these or any Yieldmax funds. I would keep them small and in my "alternative" bucket if I was a buyer. Good luck with the investement!
@@wealthadventures Definitely alternate bucket haha, I have a mostly blue chip dividend stock and ETF portfolio.
What good Emergency income products so far😄😊
Being 0 dte... they get most of the upside vs others that do monthly.. compounding weekly beats everything else.
@@KentuckyHillbilly yup and use those dividends to buy dividend growth stocks
TGIF was paying weekly dividends but they went under in Feb of this year. I've never heard of Roundhill so I'm automatically skeptical of this one.
true!!
Yes. There were 2 that closed up shop.
What happens when that March 2025 option expires? Will the NAV crash? Do we know anything about NAV erosion on these?
Looking at it again today. XDTE has been doing very well over the last 6 months, outperforming the S&P with less volatility. I am quite impressed. Though I live in Europe, so I will have to pay a 15% tax on the dividends in the US, plus 26% taxes in my country. 🙄
It is holding up. I still prefer to mix option strategies together so I buy various funds. Different markets will produce different returns simply based on the strategy.
If you live in the EU and your country has a double taxation agreement with the USA - then you do not have to pay tax on dividends twice (in some countries only the difference is payable), check all the regulations again.
@@janiskruklis6313 I live in a EU country with a double taxation treaty. I need to pay 15% (instead of 30% I would pay without taxation treaty) and then another 26% on what remains. So at the end I pay 37%. It's pretty steep unfortunately!
Looks like a descent channel. Just subscribed.
I’ll Take Weekly Payments Looks great I’ll be Investing in both
Have them both and weekly paid around 10 bucks a week and the stock itself is in the plus in my traditional account. Holding what I have for now and 40 dollars a month is not bad at all. We shall see if I invest more.
I like to vary indexes and strategies, so I have QDTE, but went with SPYT for the S&P and a call spread strategy. I focus mostly on the major indexes with smaller positions in other funds...well, YMAX is a pretty large position too, maybe getting a bit greedy, lol.
I'm all in on NVDY at the moment and this is would be a nice 2nd holding to my portfolio
First buy will be tomorrow morning.
👍good luck!
Been holding 2 shares as an experiment since week 2 for 1 yr until dumping into it
These are on my watch list too. What would be your criteria to buy?
For me, NAV stability and distribution history will be two key things to consider.
I don't really need the income yet. I'm more focused on growth. I do like products that offer some growth and income. These 2 are not a great fit for me but perhaps down the line they would make more sense in my portfolio. I would also need to see them hold up against other similar products during different market cycles since some alternatives (JEPI, JEPQ, GPIX, BALI, DIVO) that I own have lower expenses.
Own them both
Great explanation ! Sounds too good to be true 😀 but I gave it shot and bought 100 shares. So far so good, that Friday paycheck is nice.What will happen if market corrects 20-80% ?! Will QDTE still pay out dividends or it will go to $0 dividends ?! Will this strategy perform better in correction bearish market or bullish?
This will perform best in a sideways market or a slightly upward market. Small declines would be ok. A huge correction would be bad for this just like it would be for other ETFs that own stocks.
@@wealthadventures Thanks. Nasdq is slighly upward market all the time, not many big corrections.QDTE is dropping now.I'm (-$153) on 100 shares today but there is a kick back around $120 a mo in div. So let's see how it will play out.
I bought 1 share of QDTE just to tap into that weekly dividend coolness. Collected my first dividend last week. Not quite at the point where I need the dividends to fund my retirement, but this was just interesting enough to start a test on. If it works out over the next 16 months, QDTE may just have a spot in my retirement income portfolio.
Sounds like a plan!
I am building a small position in QDTE. The weekly distribution is not really important, but I'll take it. At some point adjustments in the option world might have to occur as the 0 DTE volumes get really crazy.
Yes they do! Quick search says 43% of SPX options are 0DTE in 2023 and growing...
It's certain that this year will bring more challenging challenges. Looking back, I realized that I spent the entire previous year making expensive financial blunders because I was so consumed with worrying about my portfolio. I was forced to decide between raising my investments and purchasing a home. I discovered that the property I had bought needed more work than I had anticipated after deciding to sell my investments. It's becoming more difficult to determine how much longer I can take this.
Please do a review of QDPL. I am strongly considering adding this one to my portfolio really value your opinion.
Great program
I like ISPY
I will be reviewing it!
Thanks for discussing these new products. Short feedback…no thanks. I’d rather DIY on 0 DTE trades. I can get daily income, not weekly. No expense ratio involved. No NAV erosion. I’m a chartist so I use technical analysis to better determine trend of SPX, thus choosing naked calls OR puts for any given day as well as to define my trade size. So I’ll keep doing what I’m doing.
Sounds good to me!
Great video, could you please clarify the QDTE distribution. If I currently have for example 1000 shares do I get paid the .56 cents that was declared for this week ? 1000x.56=560 dollars ?
Yes
Yes as long as you own it prior to the ex-dividend date. Latest one is today 8/8 so you would want to own shares yesterday to be eligible for that one.
I am new in your channel. Can you make a video about Strike price and break even price? Thanks
This should cover it well:
ua-cam.com/video/-ZrZoeIs8yU/v-deo.html
1:50 $420.69 LMAOOOOO BRILLIANT!
Lol. How did I miss that low hanging fruit? Managers are having some fun over at Roundhill.
i have my entire portfolio in high divi paying closed end funds. it pays me monthly and increase my account balance every month. if you are getting paid high divi but your balance contnue to shrink then you are in wrong investment
I bought a couple lots of each, going to build it to 1k a week and see what happens.
love your channel is there a etf that tracks what politicians invest in?
Check out NANC and KRUZ from "Subversive ETFs".
I don't understand the attraction to these ETFs where you seem to carry all the downside risk, but limit upside potential. You could just sell 0.1% of your holdings weekly for the same cash result, and retain 99.9% upside potential.
Under what scenarios will these sorts of ETFs outperform the general market to compensate for giving up upside potential and paying a big fee?
They can perform well in flat markets. They will underperform in bull markets but can still return some nice income. Choppy markets, especially with these 0DTE style funds, can also be problematic. They offer a little protection in declining markets.
@@wealthadventures I guess it's the 0DTE that is my issue while holding the exposure to the underlying. I'd rather they sold the 0DTE and just held short term treasuries for interest rather than underlying exposure
@@wallysta I get it. I prefer to handle options myself because I'm not rules based. If an index declines quickly, I'm not going to sell a slightly OTM call and lock in a loss for example. These can certainly punish you for being long an index and capping the upside.
If market tanks this will quickly go to zero because of that deep in the money call, I am sure they will roll it before it is too late but still this seems like a good product for melt-up scenario
That deep in the money call is REALLY deep. Not saying it couldn't happen but it would be an immense decline.
@@wealthadventures I just double checked. The deep ITM call is SP 420 expiring Mar2025. It is only 24% below today's close. IN a sharp pull back it can go there, the pull back in 2022 was 4800 to 3500, which is 27%, so it just happened last year. This product is only good for a melt-up scenario
@@sumitomoO0O S&P is at 5500 and calls are at 420. That is like owning the stock... or we need a 92% decline. Right?
@@wealthadventures Sorry, you are right. I thought the call option was for SPY.
This is coming at a time of the tik tok age, instant gratification. I wouldn't be surprised if we get daily paying dividends in the near future
Nasdaq/QQQ move too much, but S&P could work
They are not the first etfs to pay weekly they are the first covered call etfs to pay weekly
I had both but sold them as they didnt pay enough
Wow! What would be enough?
@@wealthadventures -i'm getting more with Ymag and Ymax
In the last 30 days, QDTE has been aiming at 2.00 dollars in distributions during the month of August 2024.
Darn, weekly distribution. I guess they wrote weekly options then? Thanks DAVE.
Daily! 0DTE.
Can you check out MDST?
Hey Karl. I own 3 of the top 5 holdings directly (ET, KMI, EPD). You could use this ETF but with an expense ratio of 0.8%, I prefer to buy my favorites and give up some diversification. The MLP's will also send you a K-1 at year end. Some people don't want to mess with that but I don't mind.
Hey how are you ?
Does these etfs goes down on ex date like the yieldmax etf ?
Yes. Any dividend or distribution will reduce the fund value by the distributed amount.
Thank u sir
Tax is a huge issue unless it is a tax-free account
Not really. Your getting taxed on money you wouldn't have made otherwise. Not everyone wants to wait till they're 60 to retire.
Do any div calculators allow for weekly drip? I have to think that investing a chunk and allowing it to drip weekly is going to accelerate money quicker than if in a fund with same yield but only monthly, or is my math brain completely broken with this 🤔 thx all
I would just look at total return for the fund and be sure to account for any tax liabilities.
Why didn't I get my dividend payment for QDTE?
Did you own it prior to the Ex-Date of 8/1?
Buy for me
They're not the first weekly distributing ETFs. You've been misinformed.
I'm aware of WKLY and TGIF but those were both closed. Are there others now besides these 2?
@@wealthadventures No. Just saying they weren't first. But they're certainly all we got as far as weeklies. (FYI - More are coming.)
If market crash, as they are holding call option there won’t be much affect correct?
The way I understand it, they hold 100% in the nasdaq and sell calls on 100% of that during the day... so during the day your at the whims of the sold call contract but overnight your riding the nasdaq
The fisrt ETF that offers weekly distributions has been dead half years ago.
Sofi was first, but sadly both are gone
SPYT better
These things aren't going to 0. We got consensus on that.
You have my vote!
@@wealthadventures Would they do a reverse stock split and you are totally screwed?
@@Chewie576 It still boils down to total return. Split or reverse split doesn't change anything. If they are stripping off too much income, the fund will go down... but you have the income.
It would be better if the div was $2.00 ph and the stock price stay tha same or a bit lower😂😂😂😂
Is it safe to get in this early ?
Safe? I think so. Just my personal view!
Need daily distribution
Buy on XDTE
A must! Lol.
Thomas Dorothy Robinson Anthony Perez Robert
At ua-cam.com/video/STCi0T59w9I/v-deo.html you somehow found a position taken by Roundhill for QDTE. How or where can I find their daily performance or the actual positions they take? I have done many searches like "roundhill qdte daily positions" but have not yet found their daily open/close positions. Essentially I am trying to verify when they pay $0.20 dividend, I want to review their daily gain/loss including the movements of the underlying long positions which I am able to find.
From here:
www.roundhillinvestments.com/etf/xdte/
Look for holdings and the download link to the intraday trade. Good luck!
@@wealthadventures Sheesh, I was literally on that page and was looking up and down and it was right in front of me.
@@snackymcgoo1539 Ha! Happens to me all the time...
What happens when synthetic long call expires?
@@925Prophet They likely roll prior to expiration.