Mar. 19 at 3:52 AM
$XPAY here’s the stink on xpay as I see it.
XPAY comes with the high dividend yield at 21.2%. If income is all you're looking for, this should be your go-to. The capital gains are not as aggressive, and you will participate less in the broader market's upside, but a monthly yield that high is hard to ignore.
It may be especially appealing to investors who understand return of capital (or ROC) mechanics. ROC is generally not taxable in the year received (unless it exceeds basis), but it reduces cost basis and can increase future taxable gains when shares are sold. It can also fit investors who are intentionally running a managed payout plan (by spending distributions) and are comfortable with derivatives and active management. Not for everyone as you won’t get much upside. I own QQQI which gives u a 13.65% yield plus upside appreciation
