I've gotten more interesting information and a few ticker symbols to investigate further from this channel than many others. I don't need to watch someone updating their Excel spreadsheets in real time. Honest and discerning perspectives and it's appreciated.
If I had someone to do some of the heavy lifting I could put out a video 3x per day. My helper said yes and I am pushing off 1 hour of research a day to let me do everything else.
I found your channel last week. I’ve been watching ever since. I love your content on QDTE and XDTE. Whenever you put up a video, I’ll be watching. I’m a new subscriber as well. Thank you sir☺️
Whenever something big happens in the market, a video follow up would be good. Any ideas you suddenly get related to what we should buy or not buy, that would be good too! It doesn’t have to be a regular schedule
great book behind you. just got done reading the income factory!!!!!!!!! ive been reinvesting my Divs back into QDTE until i need the money!!!!!!!!!!!!!!!!
This was a great video Hamburger! It really was! I did not know about the ROC which makes QDTE even more attractive as an investment. Glad to also see you show numbers based off of the averages as I do the same. Again, good job. Thank you.
Been watching for a few days. Great content and wanted to add my 2 cents about future videos. Personally, I am a late bloomer. Teacher heading towards retirement in 5 years, but a late bloomer when it comes to investing. I find that adding real world scenarios/examples is helpful. It could be the same base numbers each time, or hit different types of investor in different vids. I’m always looking for examples that fit my personal situation. For instance 55 years old with 25k in growth, looking to transition to dividend income stream for retirement. What would that looki like like with x amount invested in QDTE with an additional $500 per month invested over that 5 years. I know that is specific to me, but any and all real work examples you come up with are helpful.
Thank you that is very informative, I never though about calculating the average 3 ways. I think would be nice to see a deep dive in some of the topics you mentioned.
Sure there is a difference in price action after the market closes for the day and before it opens for trading the next day. My back test the I finished today shows that about 50% of the markets movements happens outside of trading hours. We capture all upside movement from close to open. Unfortunately we also capture all the downside. They sell the call at market open and depending on the call writing it limits our upward movement past the strike price. I capture the strike price for us everyday and the closing price. It will be in tomorrow’s update. Brad
So, if I am understanding correctly, when you receive your 1099 Div Form the return of capital will show up under the non-dividend distributions column. If it isn't all return of capital there should be some in each column.
There are some blocks with will not have anything in them such as foreign taxes and taxes paid. I can't stress it enough work with a good tax professional. This has saved my thousands over the years. Just don't randomly pay taxes on everything or think you have to pay taxes on everything and not all funds are the same.
I can't believe someone didn't call me out at the of the video when I totally used it wrong just like everyone else. NAV Erosion: I promise to pay you 20% but the fund only takes in 15% put you have to payout 20% as this was the promise and there are funds out there just like that. These funds do not premise to pay you anything only what they take in on options. Erosion of Capital happens with option trading. When the market passes the strike price there can be an erosion of capital. This is most simple way to put it. I should just bend the knee sometimes as I know what everyone is talking about, but its just one of those geek things. Brad
Hamburger! Stick with it! Great videos! Keep up the great work! I would say for the video's, keep it to at least 3 days a week, and if you have more to share then make it daily!
I like everything in a Roth. But if you maxed our Roth. Then you have to use a taxable account. But it really depends on your tax situation. Tax deferred is always going to preferable. If you have to taxable then funds that are tax efficient would be preferable.
Nice vid. Thank you. Subscribed. Id like to hear your updates on the Performance of these Roundhill ETFs when you feel you have something to say about them. The more the better. Thanks again.
You asked for questions, here goes: Can you explain synthetic cover calls? What is the difference between that and standard cover calls? You mentioned the taxes on QDTE, could you go into detail? Which form to complete? Any other details we need to pass along to our tax advisor?
Wanted to get behind my computer to answer this question. Synthetic is can be generated two ways do far that I know of. Roundhill buys a deep in the money call to create the position this will simulate the price action. They buy this call on the index. Then they sell the call at a shorter time period in this case same day to generate income. Yeildmax uses uses a short put and long call to create the position. Short is sells a put. Long is buys a put. This is done at the same strike price on the same date of expiration. This in theory will track the price of the stock or security. They then sell a call at a shorter duration the the long call buy to generate income. Tax: Easy enough they will need 1099-div and you may get a letter telling you XXX was ROC (You can always call the fund to get this tax information) and then some type of spreadsheet showing your cost base of the security (ETF) They should be able to help you calculate your new cost base. It is best to ask your tax professional what they will need to help you. If you want a test question to test you tax professional ask them can they handle MLP Distribution on a K-1 report for cost bases? If they don't go look it up or hesitate in their answer then you found a tax professional that can handle ROC with their eyes closed. Hope this helps. I have also asked a tax lawyer to come on to help explain this and the questions you should be asking your tax professional. Not legal advice but just thing you should be asking or tracking and why. Brad
Taxable account yes it does it will be ROC and your cost bases should change. Seek help of good tax professional. Only needing to pay taxes if you sell or the cost base gets to zero. IRA only with a withdraw. ROTH never taxable over 59 1/2 and other special occasions.
So far I love the detail in your content. You cover the questions that the other channels seem to gloss over or miss and you back it up with hard data (return of capital and overnight session gains/losses, for instance). Love the charts. Regarding video frequency, weekly is probably fine, but definitely pop in with videos about important developments that shouldn't wait until the regularly scheduled video. I also welcome special topical videos beyond the weekly routine.
Your information is very useful. Are you suggesting that since QDTE is showing 100 percent return of capital and we are reinvesting the dividends then it will not trigger a tax event in a brokerage account? Up until now I have been using the dividends that QDTE throws off to help subsidize my RMDs in my retirement account.
Please talk to your tax profession. ROC in a non-tax deferred account aka Regular taxable account reduces the cost base. You will pay taxes when you sell the share at the reduce tax base of the shares but not on the distributions until the cost bases is zero. Your tax person should be able to explain this to you if not find a new one. SPYI and QQQI are the same way. Today their 19a-1 say it is all ROC. This really matters for RMDs and ACA. Something that your tax personal should be working with you on. If this is in a IRA then the RMD is the RMD and will be taxable. Brad
I had the same question. If no more buyers, then no more premium earned. But on the no more pre market comment... doesn't Roundhill have like an index? So, would it be doomed or just match the index? I'd hope they would get some kind of pre notice that these market trading options were going to be 'stopped'. Love your info in your videos.
I don't see the pre-market and post market trading going away. If anything, there's a lot more talk about going 24-hour trading. I think 24-hour trading would be a bit much, but that's just my opinion. As always, excellent analysis and insight. Thank you.
The biggest problem I’m having is locating the declaration, ex dividend dates and payout date. Seems like companies our information is difficult to find.
Loving the videos! I’d been wondering if my logic made sense on QDTE that it looks like it has outperformed QQQ if you factor in reinvestments. Glad you helped me become sold on these. Do you think that even QDTE could have a place in a portfolio for long term growth because of this? Especially considering the dividends are ROC?
How about a fund that does not give out distributions but automatically does it for you? Roundhill talked about that one. Then it would attract different people.
@@Income_Architect I did hear about that in the interview with Reaching Riches. I think I would still like the option of weekly distributions to take advantage of buying opportunities in market pullbacks.
Another great video. Thanks for the value and entertainment! Curious if your data person could gather something on the demand for 0 DTE as you stated. These ETFs are on the way to $1B soon at the current pace and then some. What would happen if the 0 DTE supply exceeds the demand? Would the funds then stop paying or go to $0? Or would they stop issuing new shares? Educated guesses here of course.
I don’t think they will go to 0 but as the market matures it might cause some lower yields but still higher than others. That is great question for the CEO of Roundhill as he knows that market better then any of us.
More better, more better! I'd definitely be watching if you'd release a video maybe weekly on XDTE & QDTE when they announce their distributions. I appreciate the Q&A aspect for these funds, gotta clear up all these NAV "appreciations" 😆
You going to buy RDTE when it’s out? I don’t know if I want to go RDTE + XDTE to track total market or RDTE + QDTE to get mega cap and small cap. What you think?
Interesting fund. Moneymadness on the Vix. What I like is it might be safer than others but lower yield. What I don’t like is they hide things on the calls. But a soild play for safe returns.
Hey Brad, I'm still conflicted on how these xdte and qdte will work long term vs. spy and qqq. These products seem so good for retirees, but for us, that have a 10+ or even 20 year+ horizon, does it even make sense to go for this?
Great question. I still own QQQM and IVV (Cheaper Versions of QQQ and SPY) Having a small allocation would be ok IMO into QDTE and XDTE to get a feeling of the funds and their ups and downs. Depending on Rick levels I think AMZY that I just did a video may play out in 5 years better then all of them combined with the compounding effect. I try to never let anything get bigger then a 5% allocation if it gets much past 7.5% I will have to sell some of it. As I have to much risk IMO.
@@Income_Architectif your statement of amzy will outperform amzn is true, then does that mean the more volatile the underlying is, the more profitable these covered call ETF /single stocks will be?
It was last week, but I noticed it did not play out like that every week. One of the best day's to DCA is on Monday's for some reason later in the day. But that is just my opinion.
On my radar. I am very conservative when a new fund comes out as I want to actually see what they are doing before I can discussing it as I rather be right about it compared to speculate and be wrong. I seen a lot of videos all speculation at best. But I will cover them.
Hey Brad, another stellar video My question is what happens we the market reverses for a few months? We have been blessed with a bull market .These two funds dropped hard a few weeks ago when market reversed yes, they recovered but what happens when we markets do not bounce and continue with retracement with weekly dividends we will continue to get knocked down and never get above water .Comment would be much appreciated
As an income investor, I will be personally happy with it. I get all that income. It might effect ROC as they might be hitting the strike price. (Another Topic) I will DCA back in my 20% to reduce my cost base as I buy at a cheaper price. This totally reduces the sequence of returns risk that happens in retirement with just owning the market. One Item that I will run for everyone is 5 year back test to include the pandemic drop what would happen. I also can't stress enough diversification. I only own 45% in equities. 55% of my holdings is in non-equities such MLP, BDC, CLO funds, TLTW fund high yield treasures that I did a video on. Please do not go all in on these funds. Lastly the market will go up and to the right over time. There are so many things different in todays market from the 80 and 90 to even the 00s. It all changed in 2008 with the entry of the fed with their second way to control things. I am also under the theory of the 4 year market trend from 2008 on. We are only in year 1. but that is a totally different topic. Lets see what that data says in a 5 year back test. Brad
Wait for the video tomorrow and find out what the academic people say and what their 27 years of data research says. I think you will be surprised as most people have no clue to what is really happening in the market. It will come back with no problem it’s almost laughable now that I have three research papers saying everything that I have been saying all along. I just needed more faith in my own data. What is the % of the total market gains after hours? Would you be surprised that 1000times gains are made in the gap up time period? Not what I say but three separate papers say the exact same thing. It’s in the data. Not a feeling or speculation.
@@Income_Architect OK but to keep it simple , at the end of the day ROI is what matters. when you close the position... and specially if one uses margin then NAV erosion could come at wrong time!
No ROI is not all that matters. Systemic risk matters. I can clearly tell you are worried of NAV erosion and after the video that I am going to post in a few minutes you still have these fears. Please go invest in something else. As these are not for you.
About "Return of Capital", I would like to find out if taking the discount out of the cost basis is optional (that is to say, you may opt to pay investment taxes on it immediately instead of discounting cost basis), as there is one situation where you would want to do this : you are a small investor that is making less than 63k a year and have room in your 0% investment bracket declaration to assign those profits. No effective tax, and you get to keep the cost basis, essentially allowing you to carry over that 0% tax rate to a later date/year.
Great question for a tax professional. There are a lot of options out there. I use a tax attorney that happens to be CPA best $250 I pay a year. A real good tax lawyer can setup other shelters that many people never heard of.
Am I understanding this correctly? If we go to a 24 hour stock market we will not have pre hours and post hours and then these would be bad investments?
Remember when QYLD was supposed to be ROC and people were pissed when they had to report it? I get amended 1099’s because some etfs can’t make up their mind.
Great question for your tax professional but the answer should on the lines of your cost base will decline to Zero and from that point on you will need to report it as regular income. If your tax professional (not me by the way) says something not on those lines you may want to talk to another tax professional. I think if you ask them can you handle MLP distributions on a K-1 and they answer clearly yes and not google it ROC will be child play for them.
True statement. I will make sure to emphasize that. I still highly recommend working with a tax professional. I can only report what the 19a says. I have a feeling that some are not even looking at it and assume everything is taxable. Hopefully I am expressing work with a professional and one of those questions when interviewing a tax professional is ROC and MLP and their distributions. If they can explain it clearly then maybe you have a keeper. When someone tells me it’s triple taxation on these ETFs it’s plan wrong.
XDTE could be a problem with market correcting upcomming (but that's timing the market ofc) but still.. once RDTE comes that gonne be great to have with upcomming rate cuts!
Can you please share your data on market correction? The data will need to take into account the M2 money supply. As the M2 money supply is what has been driving the markets. After 2008 we are in a four cycle. We do not speculate on market moves. Now the Russel 2000 has historically done better at low interest rates. Great insights. And please go with your own feelings of market directions. Brad.
@@Income_Architect mhh.. im no expert or such. but i seen 2001 2008.. Sp500 dropped like a brick. russel 200 whent up. (not always on the same day ofc) bond deff did go up. so. atm im having a very small D.C.A with XDTE i dont like having a big "starting" position in it just yet QDTE look better . its getting a bit more of a D.C.A focus for me. bit like 40/60% form my montly apointed budget (very tiny lol 1k or so)
One of the best ways to do anything IMO is to do little buys over time. I will be doing that with RDTE. Small buy to start and really using XDTE and QDTE 80% of distributions back into RDTE.
I hope you feel that is truly from the heart. Hope this answers some of the concerns and questions.
I've gotten more interesting information and a few ticker symbols to investigate further from this channel than many others. I don't need to watch someone updating their Excel spreadsheets in real time. Honest and discerning perspectives and it's appreciated.
Thank you. I try to keep it to the point.
I like hearing about how these ETFs still have potential to capture the upside by not being 100 percent covered. Good stuff. Keep them coming.
Thanks for watching! Just calling it as I see it. Brad
I’m watching every video you put out, even if it’s 3x a day!!?
If I had someone to do some of the heavy lifting I could put out a video 3x per day. My helper said yes and I am pushing off 1 hour of research a day to let me do everything else.
@@myronspikes104 Same!!!!!!
I started watching your channel based on Oracles recommendation and so far I’ve been greatly enjoying your content. Keep up the great work!
Welcome aboard! Please let me know if you think I strayed off the path. 🍔
Me too, the Oracle was right. You are doing a really good job and I eagerly look forward to your new videos. Keep up the good work 👍🏼
I found your channel last week. I’ve been watching ever since. I love your content on QDTE and XDTE. Whenever you put up a video, I’ll be watching. I’m a new subscriber as well. Thank you sir☺️
Glad to have you on board. Please call me out if I don't deliver some value.
It's so great such an intelligent and logical person in this space. Solid video!
Thank you!
“Hamburger “. I’m sure the Oracle meant it in a loving way😂. Nice work on your videos, greatly appreciated!
One day a Hamburger is going to be sitting behind me on the book case. Totally ok with the name, I have been called worst in my life.
@@Income_Architect that’s hilarious!
@@Income_Architectas long as you’re ok with it, I think it could turn into a pretty notable nickname!
It's definitely a term of endearment coming from a guy like the oracle
The O brought me here, really like the insights your offering, explanation from NAV erosion and erosion of capital was spot on.
Just posted a video with it also. Hope this helps everyone.
Good to know. Just heard about QDTE and XDTE today. Just yesterday, I was learning how crazy the gold medallion strategy was from 1988-1995
Glad I could help! I would watch this video. ruclips.net/video/x6fL0Skh7D8/видео.html See what the professionals say about overnight.
Hamburgers are awesome! Great job Brad! Very appreciative of your informative and clear explanations - I am learning a lot from your videos!
Glad you like them!
Whenever something big happens in the market, a video follow up would be good. Any ideas you suddenly get related to what we should buy or not buy, that would be good too! It doesn’t have to be a regular schedule
Thanks for the idea!
Good statistical review and valid conclusions based on the data. Far more objective analysis compared to the many cheerleaders that are doing videos.
Thank you. Sounds like I brought value to the viewers. Brad
wealth of information...thanks!!! Oracle sent me here, keep up the good work!!👍
Welcome aboard!
This information is so valuable. Thanks so much.
Glad it was helpful!
great book behind you. just got done reading the income factory!!!!!!!!! ive been reinvesting my Divs back into QDTE until i need the money!!!!!!!!!!!!!!!!
That is awesome! He is still around and I read his stuff when he post things. Brad.
Thank you for covering these funds
No problem as I own them.
lol ffs hamburger, instant sub for having a sense of humor, thanks for no music or background distractions
Thank you
Dude.. awesome video!!! High quality content..
Glad you think so!
This was a great video Hamburger! It really was! I did not know about the ROC which makes QDTE even more attractive as an investment. Glad to also see you show numbers based off of the averages as I do the same. Again, good job. Thank you.
Glad you enjoyed it! I like averages now and in my corporate life.
Hamburger! Great info brother. Valuable for the unaverage investors
Thanks. Brad Burger
Keep the videos coming. You are AWESOME!!!! Great work!
Thank you.
Love the great tax advice on return of capital! Keep up the great work!
Thanks! Will do!
I you post videos every day I'll watch them every day.
I have other ones that might bring value to everyone. So keep watching. Thanks for the support.
I am looking forward to the ROC video on taxation!
Hope everyone starts using a tax professional if they are doing this in a taxable account. Yes it’s coming. Thanks for watching.
Been watching for a few days. Great content and wanted to add my 2 cents about future videos. Personally, I am a late bloomer. Teacher heading towards retirement in 5 years, but a late bloomer when it comes to investing. I find that adding real world scenarios/examples is helpful. It could be the same base numbers each time, or hit different types of investor in different vids. I’m always looking for examples that fit my personal situation. For instance 55 years old with 25k in growth, looking to transition to dividend income stream for retirement. What would that looki like like with x amount invested in QDTE with an additional $500 per month invested over that 5 years. I know that is specific to me, but any and all real work examples you come up with are helpful.
This can always be modeled and it a great suggestion. Modeling is easy as I don’t use excel to do it. Thanks for watching.
sINCE i found your channel, I've been watching. I like this strategy of capturing some of the aftermarket gains and not writing all the calls.
Welcome aboard!
Great video... subscribed
Thanks for the sub!
Got my sub! Im interested in XDTE, JEPQ, QQQI and Return on Capital
I should add a monthly review of the SPYI, QQQI and IWMI as they are core holding of mine.
I'm really starting to like XDTE thanks, good video!
Yes it has done well and the distributions this week are better then QDTE.
1000명 돌파 축하합니다.🎉🎉🎉 Congratulations on reaching 1000 followers.🎉🎉🎉 매우 빠른 성장입니다 대단해요!!That's very fast growth! That's amazing!!
I appreciate it
Thank you that is very informative, I never though about calculating the average 3 ways. I think would be nice to see a deep dive in some of the topics you mentioned.
Lots of stuff for me to cover that others want to ignore or gloss over. More to come. Thanks for watching.
Everyday! You’re an awesome well of knowledge. Thank you!
I appreciate that!
Really appreciate the information and education. Subbed!! :)
LMAO.. your introduction made me laugh so hard dude. You got a good spirit about ya. Subsbscribed.
Thanks for the sub! Real person with a real sense of humor.
Also.. can you do a new introduction like "Hey I'm hamburger and I'm about to feed your finances something yummy today!"
Lol
Keep up the great work, your a natural. Im heavy in QDTE.
Thanks! Will do! Diversification is key. Keep that in mind. Brad
Please expand on what you mean by what's happening between market and after market. Thanks
Sure there is a difference in price action after the market closes for the day and before it opens for trading the next day. My back test the I finished today shows that about 50% of the markets movements happens outside of trading hours. We capture all upside movement from close to open. Unfortunately we also capture all the downside. They sell the call at market open and depending on the call writing it limits our upward movement past the strike price. I capture the strike price for us everyday and the closing price. It will be in tomorrow’s update. Brad
So, if I am understanding correctly, when you receive your 1099 Div Form the return of capital will show up under the non-dividend distributions column. If it isn't all return of capital there should be some in each column.
There are some blocks with will not have anything in them such as foreign taxes and taxes paid. I can't stress it enough work with a good tax professional. This has saved my thousands over the years. Just don't randomly pay taxes on everything or think you have to pay taxes on everything and not all funds are the same.
@@Income_Architectdo you personally recommend anyone?
No not at this time
Keep up the good work
Videos welcome 3 times a week.
Thanks for the input! fully noted.
Good content again my friend. Keep it coming!!!
Thanks! Will do!
We love Hamburger! Thanks for the info.
Any time!
Hi Brad, I am still trying to figure out the diffrence between NAV errotion and Capitol depreciation. Can you please explain again. Thanks
I can't believe someone didn't call me out at the of the video when I totally used it wrong just like everyone else. NAV Erosion: I promise to pay you 20% but the fund only takes in 15% put you have to payout 20% as this was the promise and there are funds out there just like that. These funds do not premise to pay you anything only what they take in on options. Erosion of Capital happens with option trading. When the market passes the strike price there can be an erosion of capital. This is most simple way to put it. I should just bend the knee sometimes as I know what everyone is talking about, but its just one of those geek things. Brad
Hamburger! Stick with it! Great videos! Keep up the great work! I would say for the video's, keep it to at least 3 days a week, and if you have more to share then make it daily!
Thanks! Will do!
Thank you Hamburger! Good stuff.
You bet
Great video!
Glad you enjoyed it
Excellent information, thank you! 👍🏻
Glad it was helpful!
Thank you for your content. Great information presented in a clear to understand way. Definitely a subscriber here.
Welcome aboard! Glad to have you.
Hi aka Hamburger ! Great content as usual . Love the lamp
Thank you 🤗
Great Video
Thanks!
Great video. Keep them coming.
Thanks, will do!
Great vid! Your the man keep it up !
Thanks, will do!
Thankyou ❤
You're welcome 😊. Watching them all are we
thanks for answering the tax question.
Any time!
Thanks for the valuable content. What type of accounts are preferable for these etfs? Taxable or tax-dederred?
I like everything in a Roth. But if you maxed our Roth. Then you have to use a taxable account. But it really depends on your tax situation. Tax deferred is always going to preferable. If you have to taxable then funds that are tax efficient would be preferable.
Nice vid. Thank you. Subscribed. Id like to hear your updates on the Performance of these Roundhill ETFs when you feel you have something to say about them. The more the better. Thanks again.
Thanks for the sub!
You asked for questions, here goes: Can you explain synthetic cover calls? What is the difference between that and standard cover calls?
You mentioned the taxes on QDTE, could you go into detail? Which form to complete? Any other details we need to pass along to our tax advisor?
Wanted to get behind my computer to answer this question. Synthetic is can be generated two ways do far that I know of. Roundhill buys a deep in the money call to create the position this will simulate the price action. They buy this call on the index. Then they sell the call at a shorter time period in this case same day to generate income. Yeildmax uses uses a short put and long call to create the position. Short is sells a put. Long is buys a put. This is done at the same strike price on the same date of expiration. This in theory will track the price of the stock or security. They then sell a call at a shorter duration the the long call buy to generate income.
Tax: Easy enough they will need 1099-div and you may get a letter telling you XXX was ROC (You can always call the fund to get this tax information) and then some type of spreadsheet showing your cost base of the security (ETF) They should be able to help you calculate your new cost base. It is best to ask your tax professional what they will need to help you. If you want a test question to test you tax professional ask them can they handle MLP Distribution on a K-1 report for cost bases? If they don't go look it up or hesitate in their answer then you found a tax professional that can handle ROC with their eyes closed. Hope this helps. I have also asked a tax lawyer to come on to help explain this and the questions you should be asking your tax professional. Not legal advice but just thing you should be asking or tracking and why. Brad
Hey Brad! aka the Hamburger 😂 That's great. Keep it up!
Thanks! Will do!
Fantastic stuff!! Thank you!
Glad you enjoyed it! Anytime!
So what’s your favorite high yield ETFs in a taxable account ?
SPYI or QQQI from NEOS.
Bacon Double Cheeseburger Large size Meal. My standard when I traveled every week at Burger King.
Hey Brad, thanks for the explainer! How is "Return on Capital" calculated for taxation if you Drip?
Taxable account yes it does it will be ROC and your cost bases should change. Seek help of good tax professional. Only needing to pay taxes if you sell or the cost base gets to zero. IRA only with a withdraw. ROTH never taxable over 59 1/2 and other special occasions.
I would do Monday Wednesday and Friday unless some breaking news came up
Thank you for your input
Start with Mon, Wed, Fri ..
Thank you
Is it a difference without a distinction?
Not sure of the question here.
Great vid, love the tax points! 🔥 hamburger ftw baby!
Thanks for watching. 🍔
@@Income_Architect 🤣 the sense of humor adds 10x returns on enjoyment of the channel lol
Great video!
1
Thank you.
thanks for your insights
My pleasure!
So far I love the detail in your content. You cover the questions that the other channels seem to gloss over or miss and you back it up with hard data (return of capital and overnight session gains/losses, for instance). Love the charts. Regarding video frequency, weekly is probably fine, but definitely pop in with videos about important developments that shouldn't wait until the regularly scheduled video. I also welcome special topical videos beyond the weekly routine.
Thanks for the input. I see value on Wednesday we will know distributions and Friday/Saturday as a week in review. Brad
Your information is very useful. Are you suggesting that since QDTE is showing 100 percent return of capital and we are reinvesting the dividends then it will not trigger a tax event in a brokerage account? Up until now I have been using the dividends that QDTE throws off to help subsidize my RMDs in my retirement account.
Please talk to your tax profession. ROC in a non-tax deferred account aka Regular taxable account reduces the cost base. You will pay taxes when you sell the share at the reduce tax base of the shares but not on the distributions until the cost bases is zero. Your tax person should be able to explain this to you if not find a new one. SPYI and QQQI are the same way. Today their 19a-1 say it is all ROC. This really matters for RMDs and ACA. Something that your tax personal should be working with you on. If this is in a IRA then the RMD is the RMD and will be taxable. Brad
I had the same question. If no more buyers, then no more premium earned. But on the no more pre market comment... doesn't Roundhill have like an index? So, would it be doomed or just match the index? I'd hope they would get some kind of pre notice that these market trading options were going to be 'stopped'. Love your info in your videos.
I don't think its going to stop and I don't think premarket is at risk. But I want to wanted to point out this is not 100% risk free. Brad
@@Income_Architect thanks 👍
I don't see the pre-market and post market trading going away. If anything, there's a lot more talk about going 24-hour trading. I think 24-hour trading would be a bit much, but that's just my opinion. As always, excellent analysis and insight. Thank you.
Hmmm The master plan of Blackrock with their 24 hour trading in Dallas. Your welcome thanks for watching.
@@Income_Architect Would really love a later series on instruments to take advantage of that development.
Aloha from Hawaii Hamburger! Love your videos!
Marking a map with everyone's location. Aloha.
What is your opinion of ymax?
Bradburger. Love it.
I think there is a gap. Brad Burger.
The biggest problem I’m having is locating the declaration, ex dividend dates and payout date. Seems like companies our information is difficult to find.
It is on their website. Declaration on Wednesday, EX-div on Thursday and Payout on Friday.
Loving the videos! I’d been wondering if my logic made sense on QDTE that it looks like it has outperformed QQQ if you factor in reinvestments. Glad you helped me become sold on these.
Do you think that even QDTE could have a place in a portfolio for long term growth because of this? Especially considering the dividends are ROC?
How about a fund that does not give out distributions but automatically does it for you? Roundhill talked about that one. Then it would attract different people.
@@Income_Architect I did hear about that in the interview with Reaching Riches.
I think I would still like the option of weekly distributions to take advantage of buying opportunities in market pullbacks.
My man, Hamburger!!! Keep up the good work!
Appreciate it!
Another great video. Thanks for the value and entertainment! Curious if your data person could gather something on the demand for 0 DTE as you stated. These ETFs are on the way to $1B soon at the current pace and then some. What would happen if the 0 DTE supply exceeds the demand? Would the funds then stop paying or go to $0? Or would they stop issuing new shares? Educated guesses here of course.
I don’t think they will go to 0 but as the market matures it might cause some lower yields but still higher than others. That is great question for the CEO of Roundhill as he knows that market better then any of us.
Good stuff.
Thanks!
More better, more better! I'd definitely be watching if you'd release a video maybe weekly on XDTE & QDTE when they announce their distributions.
I appreciate the Q&A aspect for these funds, gotta clear up all these NAV "appreciations" 😆
Thanks for watching.
You going to buy RDTE when it’s out? I don’t know if I want to go RDTE + XDTE to track total market or RDTE + QDTE to get mega cap and small cap. What you think?
I like diversification. I am going to fund RDTE with my 80%. I am going to make part of my series. I only reinvest 20% back into the funds.
with ROC, diff in holding in roth vs taxable?
Please talk to you tax advisor. Roth does not matter.
Taxable it is important for you and your tax advisor do the correct calculations.
What are your thoughts on ISPY ETF?
Interesting fund. Moneymadness on the Vix. What I like is it might be safer than others but lower yield. What I don’t like is they hide things on the calls. But a soild play for safe returns.
Hamberger is pure, hamberger is good. Bless brad, bless hamberger🎉🎉🎉🎉🎉
Thank you.
Just keep doing them when you want to that way you have something to say
Thanks.
Hamburger for the win! Great vid bro 😎
Camera is acting up. Time for an upgrade. Thanks. Less charts more me talking to you. :)
Hey Brad, I'm still conflicted on how these xdte and qdte will work long term vs. spy and qqq. These products seem so good for retirees, but for us, that have a 10+ or even 20 year+ horizon, does it even make sense to go for this?
Great question. I still own QQQM and IVV (Cheaper Versions of QQQ and SPY) Having a small allocation would be ok IMO into QDTE and XDTE to get a feeling of the funds and their ups and downs. Depending on Rick levels I think AMZY that I just did a video may play out in 5 years better then all of them combined with the compounding effect. I try to never let anything get bigger then a 5% allocation if it gets much past 7.5% I will have to sell some of it. As I have to much risk IMO.
@@Income_Architectif your statement of amzy will outperform amzn is true, then does that mean the more volatile the underlying is, the more profitable these covered call ETF /single stocks will be?
I would need to test the strategy but yes you can possibly extract value from volatility. But not all strategies work.
So since QDTE pays dividends every week, then the best time to buy into these funds is probably on the ex-dividend date each week??
It was last week, but I noticed it did not play out like that every week. One of the best day's to DCA is on Monday's for some reason later in the day. But that is just my opinion.
thanks Brad!
You're welcome!
Please cover the Yieldboost funds when they release Aug 30th. Thanks for all the videos!
On my radar. I am very conservative when a new fund comes out as I want to actually see what they are doing before I can discussing it as I rather be right about it compared to speculate and be wrong. I seen a lot of videos all speculation at best. But I will cover them.
Hey Brad, another stellar video My question is what happens we the market reverses for a few months? We have been blessed with a bull market .These two funds dropped hard a few weeks ago when market reversed yes, they recovered but what happens when we markets do not bounce and continue with retracement with weekly dividends we will continue to get knocked down and never get above water .Comment would be much appreciated
As an income investor, I will be personally happy with it. I get all that income. It might effect ROC as they might be hitting the strike price. (Another Topic) I will DCA back in my 20% to reduce my cost base as I buy at a cheaper price. This totally reduces the sequence of returns risk that happens in retirement with just owning the market. One Item that I will run for everyone is 5 year back test to include the pandemic drop what would happen. I also can't stress enough diversification. I only own 45% in equities. 55% of my holdings is in non-equities such MLP, BDC, CLO funds, TLTW fund high yield treasures that I did a video on. Please do not go all in on these funds. Lastly the market will go up and to the right over time. There are so many things different in todays market from the 80 and 90 to even the 00s. It all changed in 2008 with the entry of the fed with their second way to control things. I am also under the theory of the 4 year market trend from 2008 on. We are only in year 1. but that is a totally different topic. Lets see what that data says in a 5 year back test. Brad
What about huge NAV erosion? down the track? what makes you think it will come back what is the logic
Wait for the video tomorrow and find out what the academic people say and what their 27 years of data research says. I think you will be surprised as most people have no clue to what is really happening in the market. It will come back with no problem it’s almost laughable now that I have three research papers saying everything that I have been saying all along. I just needed more faith in my own data. What is the % of the total market gains after hours? Would you be surprised that 1000times gains are made in the gap up time period? Not what I say but three separate papers say the exact same thing. It’s in the data. Not a feeling or speculation.
@@Income_Architect OK but to keep it simple , at the end of the day ROI is what matters. when you close the position... and specially if one uses margin then NAV erosion could come at wrong time!
No ROI is not all that matters. Systemic risk matters. I can clearly tell you are worried of NAV erosion and after the video that I am going to post in a few minutes you still have these fears. Please go invest in something else. As these are not for you.
About "Return of Capital", I would like to find out if taking the discount out of the cost basis is optional (that is to say, you may opt to pay investment taxes on it immediately instead of discounting cost basis), as there is one situation where you would want to do this : you are a small investor that is making less than 63k a year and have room in your 0% investment bracket declaration to assign those profits. No effective tax, and you get to keep the cost basis, essentially allowing you to carry over that 0% tax rate to a later date/year.
Great question for a tax professional. There are a lot of options out there. I use a tax attorney that happens to be CPA best $250 I pay a year. A real good tax lawyer can setup other shelters that many people never heard of.
embrace the name "Hamburger", love it. Subscribed
🍔thanks you.
Am I understanding this correctly? If we go to a 24 hour stock market we will not have pre hours and post hours and then these would be bad investments?
It’s a guess at this point of how those could effect us but maybe. We are expecting a gap up if it’s not there structure of funds have no upside.
Every Monday !
Thank you noted.
Adding Qtde in my roth ira to avoid taxes
Does not need to be in Roth to avoid taxes, but that is one way to handle the issue.
Remember when QYLD was supposed to be ROC and people were pissed when they had to report it? I get amended 1099’s because some etfs can’t make up their mind.
True. I got an e-mail from Roundhill about this as I asked them some questions about how can it be ROC. Video coming.
What if you don’t sell it and you just keep collecting the dividends asking for taxes
Great question for your tax professional but the answer should on the lines of your cost base will decline to Zero and from that point on you will need to report it as regular income. If your tax professional (not me by the way) says something not on those lines you may want to talk to another tax professional. I think if you ask them can you handle MLP distributions on a K-1 and they answer clearly yes and not google it ROC will be child play for them.
ROC on the 19-a are at this time "best estimate". Do NOT take that to bank!!
True statement. I will make sure to emphasize that. I still highly recommend working with a tax professional. I can only report what the 19a says. I have a feeling that some are not even looking at it and assume everything is taxable. Hopefully I am expressing work with a professional and one of those questions when interviewing a tax professional is ROC and MLP and their distributions. If they can explain it clearly then maybe you have a keeper. When someone tells me it’s triple taxation on these ETFs it’s plan wrong.
XDTE could be a problem with market correcting upcomming (but that's timing the market ofc) but still.. once RDTE comes that gonne be great to have with upcomming rate cuts!
Can you please share your data on market correction? The data will need to take into account the M2 money supply. As the M2 money supply is what has been driving the markets. After 2008 we are in a four cycle. We do not speculate on market moves. Now the Russel 2000 has historically done better at low interest rates. Great insights. And please go with your own feelings of market directions. Brad.
@@Income_Architect mhh.. im no expert or such. but i seen 2001 2008.. Sp500 dropped like a brick. russel 200 whent up. (not always on the same day ofc) bond deff did go up. so. atm im having a very small D.C.A with XDTE i dont like having a big "starting" position in it just yet QDTE look better . its getting a bit more of a D.C.A focus for me. bit like 40/60% form my montly apointed budget (very tiny lol 1k or so)
One of the best ways to do anything IMO is to do little buys over time. I will be doing that with RDTE. Small buy to start and really using XDTE and QDTE 80% of distributions back into RDTE.
EVERYDAY!!!!!
I wish