
"There exist ETFs that pay you every week. Better yet, they come with higher yields, though you would have to sacrifice on yield stability and safety. Still unbothered? Getting paid weekly can complicate your tax filing procedure, and if these ETFs involve options, the fees can be on the higher end."
"I'd hold YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY ) with caution. You're going to get paid very generously while holding it, but only as long as the broader market keeps performing well. If the market corrects, the chart will look hideous very quickly. Thus, it is important that you have your finger on the market's pulse if you have ULTY in your portfolio."
"YieldMax Ultra Option Income Strategy ETF derives income by selling covered call options. This caps the upside significantly, but you get full exposure to the downside risk. The counterweight to that is the yield."
Some ETFs distribute dividends weekly and can offer substantially higher yields than monthly payers. Weekly-paying ETFs often rely on option strategies, such as selling covered calls, which increase income but cap upside and leave investors fully exposed to downside risk. Weekly payments can complicate tax filings and may carry higher fees. High-yield weekly ETFs can be highly volatile and require active monitoring. Certain funds deliver generous yields when markets trend upward but can suffer steep losses during corrections. Safer weekly-income options also exist, providing lower but more stable distributions for conservative investors.
Read at 24/7 Wall St.
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