Stock Market is the bottom in?

[hunts_with_stick]

IDK, doesnt seem too attractive to me. But I am not a financial advisor nor do I play one on TV.

 

[Double Creek]

NVII is looking very interesting to me for my Roth IRA. Anyone have opinions on this? I tried to research online, but there are so many ignorant douchebags on Reddit and other sites that I'm not sure about dropping a chunk of cash into something I don't fully understand. It's boasting a 4% monthly return and pays dividends weekly. That's over 40% per year on an ETF paying out cash on an options strategy.

Covered call strategies usually only outperform in a bear market. I'm not opposed to the strategy as I do think there is value in compounding income over time. Do your research though, a lot of the returns are coming out of the original capital investment, so it's not just pure income. Meaning, even with a 4% monthly payout, you could be down in the original position over time.

I have a couple covered call strategies in my IRA that have done ok, but have not outperformed the S&P over time. I have DIVO and JEPI. Divo has done much better as it's more of a hybrid strategy vs just a pure covered call. As always, if it sounds too good to be true, it probably is. If you are bullish NVDA, you would probably do better just buying the underlying or maybe even buying leaps. NVDA has been my top performer by far, but I've owned it since 2021. Not investment advice.

 

[Telemark]

Covered call strategies usually only outperform in a bear market. I'm not opposed to the strategy as I do think there is value in compounding income over time. Do your research though, a lot of the returns are coming out of the original capital investment, so it's not just pure income. Meaning, even with a 4% monthly payout, you could be down in the original position over time.

That's the problem. I can't figure out the graph. It doesn't seem to follow the market or the underlying asset. Is the ETF meant to be temporary?