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Play the swings and collect the divvy?
- "Dividends" in option writing funds will often be return of capital. This is not returning your money to you but passing along earnings from writing options
- If held in taxable account, return of capital is "free" money in that it is not taxed and simply lowers your cost basis in fund. This likely permits you to claim 15-20% tax (instead of current income) when you actually sell
BOTH are to holder's favor. Some of you need to sell this security and go buy something you can actually understand.
With commodity and gold trending the way they are, I like being in this fund atm.