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Strategies & Market Trends : Young and Older Folk Portfolio
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To: Waitress who wrote (2468)5/9/2024 1:20:48 PM
From: jritz01 Recommendation

Recommended By
Waitress

   of 22032
 
RE: " The OFP has a lot of CEF's that I don't really understand in terms of buying and selling. I prefer long term since I'm flying by the seat of my pants, haha. In the meantime I have cash in SPAXX and was thinking I should move some of it into other investments. Any advice, recommendations welcome, thank you."

My largest position is QDPL, I think it is perfect for situations such as this. QDPL is an ETF that invests roughly 87% in SPY the other 13% is collateral in treasuries used to purchase S&P dividend futures. This is a pretty simple, easy to understand concept. Buying the dividend futures plus the treasury yield produces 4x the yield of SPY (roughly 6% currently). The cool thing about this ETF compared to option ETF/CEFs is capital gains aren't capped from the options. It is also somewhat tax advantaged so it can be considered in a taxable account unlike many option/equity ETF/CEFs.

People may be uncomfortable investing in a newer ETF, but this fund has been thru both a bear market and bull and has performed as advertised. I used it to jettison most my low/no growth stocks, REITs and UTEs bought for the dividends that don't come close to matching the market.

I'm not trying to pump this fund, just trying to make people aware much like Ron used to do with SCHD (which I also hold)
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