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Strategies & Market Trends : High Yield Investing - CEF's
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From: mykesc20201/20/2022 9:01:44 PM
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QYLD - $20.91 and looks to be headed lower tomorrow. It is at a 52 week low.

Tech appears to be under pressure---any why not, valuations have been sky high forever and prices will revert to the average at some point. Is this the point? I dont know, I dont believe anyone knows.

I don't currently own QYLD and never have. But I am interested. I have been watching its action for the past year.

I own AAPL and CSCO in their Top 10. I plan to sell completely out of CSCO very soon, maybe tomorrow (replaced with TROW). I would never invest in most of the names because they don't pay a dividend ---and MSFT, no thanks at this valuation.

However, I have always been intrigued by "the penny jar" concept. Or what @maybenot calls a short term "savings account". An equity to throw small left over dollars at and hopefully get a decent return. Tho I would track my performance to see if it is really a "savings account" or a losing investment, unlike Maybenot.

However, entry price, add prices I think would be critical if one is going to do well--or at least make the yield, or part of the yield. Trading is also a must--I would think. I have never "traded" before. All my investments I buy are for the long term. I typically never intend to sell unless the story changes. This would be different.

QYLD sunk to $18.20 at the hight of COVID. That is 13% below where it is now. The 52 week high looks to be around the $23.50, so at $20.91 this is an 11% drop.

RSI is 33

I typically do not buy on consecutive down days---I just wait for the downer days to stop.

I am watching QYLD. It will be a small investment and a first trading vehicle I have ever bought.

Any thoughts on QYLD, its holdings, or metrics would be appreciated.
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