How to Buy even MORE Tesla Stock in retirement! #QYLD #TeslaStock #TSLA

#ElonMusk #Tesla #Stocks #Investing #CashFlow

Many people are all in on tesla stock. I think that’s awesome. It’s great hearing stories of people retiring on TSLA. I have such strong conviction in the stock that I would do it myself except there’s one problem with that. In order to buy TSLA you need to have an outside source of income. Most people work and will use that income to invest. Well what happens when you want to retire? You’ll need to sell some stock to pay the bills. But what if 2030 hits and we realize the teslabot is going to revolutionize labor? That could put the stock right back at the bottom of the S curve again. Do you really want to be selling tesla stock right at the bottom of the S curve? What if you don’t have a lot of money now to invest enough into TSLA to be able to retire on and you’d rather not be working in order to buy more in 10-15 years? This is where I use my Roth IRA which I load up with high dividend yielding funds and etfs. One of which is QYLD

Nasdaq 100 covered call etf
Been around since 2013 so it hasn’t seen a recession but being a covered call etf this fund thrives on volatility and will outperform most stocks and indices in a bear market

It is not an etf for growth. It will hold around $23 and won’t move much. Even at the bottom during the Covid crash it only fell to $17.

12% annual returns in dividends or .22 per share per month

If you had $1000 invested you would make an average of $120 per year

Expense ratio is .6% which is on the low end
Expense ratio is the percentage of expenses of the funds assets under management
QYLD has $5.4B in assets under management

Compare this to VYM a high yield vanguard etf which has a tiny .05% management fee, but only has an annual return of 2.8%.

Top 10 holdings are
Apple, Microsoft, Amazon, meta, tesla, Nvidia, alphabet c, alphabet a, Broadcom, and Netflix

The strategy is they utilize covered call options on the Nasdaq 100. So each month they set their calls and at the end of each month they expire. They cannot call them early so however the index falls at the end of the month is how they are assessed

If the market is down below the strike price at the end of the month the potential benefit from the premium would offset the decline in equity holdings

If the market is flat they keep the premium and the equities

If the market is over the strike price they keep the premium from selling the option but they won’t benefit from the index going up so you miss out on any big gains the market may have. This is one of the cons because in a bull market like we have been in you could have more than likely had better gains with your money in the market. However, you’d also have to sell those stocks or funds in order to realize those gains unlike with the dividends in QYLD. But that is a decision you’d have to make for yourself

This is why the fund price remains largely steady between $21-24 as they are aiming to get their returns through the premiums of options trading rather than growth in the market.

Highly recommend having it in a tax advantaged account such as an IRA as I do as you won’t need to pay taxes on your dividends

Tesla Stock 18X Bull Case Price Targets Through 2032 #ElonMusk #TSLA #TeslaStock
https://youtu.be/sFoO5vTLBqM

Can Tesla Stock 12X in 10 Years? My Base Case Price Targets Through 2032 #ElonMusk #TSLA #TeslaStock
https://youtu.be/B2XsBUmbGKA

🙋🏻‍♂️Twitter: https://www.twitter.com/oracletim1

For fractional trading I use:
💵SOFI: https://sofi.app.link/OaDIHr7gWlb
💵Public.com: https://share.public.com/the0racle

🪙Blockfi:
https://blockfi.com/?ref=97276d6b

*** I am not a financial advisor. This content is only analysis and opinion. This is an entertainment channel. My crystal ball is black and made of plastic with a number 8 on it. I am wrong sometimes so if you follow what I do you also choose to take on those risks with your own free will. ***