I have a bit over 1 BTC and around $60,000 USD in general stocks. I make around $2000 per month (low CoL country). I do, however, have access to the American markets. Should I bother messing about with these income funds like Yieldmax, Roundhill, NEOS etc.? It would be nice to cut my hours to have more time at home so these fund's income plays look tempting. I wonder, though, if it would not just be better to shave off some of my BTC or sell some stocks as needed instead of bothering with buying into these "income funds." Seems too good to be true. Does anyone here use these Yieldmax funds or something similar? MSTY, NVDY, BTCI etc.? I'm okay with risk, I just don't want to be totally stupid.
Not trying to sound pretentious, just learn how to sell covered calls yourself.
>>60957387I'm not a pro with options so have kind of stayed away from them. If I have the underlying stock, say NVDA or whatever, can I sell the contracts without selling the stock? If I recall correctly, options give me the "option" but not the obligation to sell at a set price, right? But that said, I could just sell the option contract itself if it's dated out there a ways, right? I don't need to liquidate the real stock that I hold. Am I missing something?
>>60957370Idk how the taxes would work in your country, but anything primarily focused on paying out dividends is a trap for a US retail investor. There is little to no NAV appreciation with something like MSTY and you get taxed out the ass... When you could just hold a total market ETF and sell periodically for "income" while paying the long term capital gains tax rate and having an asset that beats inflation.
>>60957460Dividends and capital gains are both taxed at 20% here. There is no distinction for "long-term" capital gains. It's annoying but I guess it's better than paying the graduated income rates here like I would with real-estate or working income.
