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Strategies & Market Trends : High Yield Investing - CEF's
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To: jritz0 who wrote (197)4/11/2022 2:04:35 PM
From: chowder2 Recommendations

Recommended By
misscbd
red cardinal

   of 245
 
Yes, I should have been more clear. QQQX has higher up side potential because they limit their covered call exposure. I've been adding to QYLD because I expect the market to continue declining and QYLD should hold up better.

I don't know whether we'll be in a recession within the next two years or not, but I'm planning as though we will be. At my age I don't have the time to make up what could be lost with a heavy portfolio value drawdown. I have to limit that downside exposure and that means I am taking my Defensive sector exposure up to record highs for me.

I have been slowly doing away with most of my leveraged funds.
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