I will of course do my own reading on the subject, but how consistent is this? Does it have to be a million, or can it be a couple hundred? I am selling everything and seeking asylum overseas and may not have much ability to work for a while. Please tell me more.
Comment on Is there a real, actually working way to earn money online without having a job?
Bustedknuckles@lemmy.world 3 weeks agoIf you parked a million dollars in QYLD, you’d get about $120k per year (pretax) in exchange for your contribution to society of “having a spare million dollars”
howl2@lemmy.zip 2 weeks ago
Bustedknuckles@lemmy.world 2 weeks ago
It’s an ETF, you can buy as much or as little as you want. My understanding is that they take their money and sell options (covered calls) with at-the-money strike prices on NASDAQ. Each month, they pay out dividends, something like 1% per month (bit over 12% on a yearly basis). So if you park 100$, you get like a free dollar per month, or 12 per year.
It’s not hugely popular because you pay short term gains taxes on the dividends, a lot of tech does better than 12%, the shares can decrease in value if NASDAQ goes down, and if you wanted to (and had the startup cash), you could do the exact same thing without paying the ETF fees - buy 100 shares of QQQ for 62k, then sell a covered call for a month out, rinse repeat
andrewta@lemmy.world 2 weeks ago
And how did you get that million?
scarabic@lemmy.world 2 weeks ago
Inheritance. Your move.
Xtallll@piefed.blahaj.zone 2 weeks ago
Usually, rich parents.
mushroommunk@lemmy.today 2 weeks ago
Just a simple loan to start off. Just a million dollar loan
borth@sh.itjust.works 2 weeks ago
You think they got it by “working” ??😂😂😂