Excellent perspective buddy. stay focused and straight forward...please don't add drama and childish things like many of the dumb a$$e$ pretending to know something about investing (SoCal) ...lol but true. All we care about is how to make more money, what ETFs are hot, what new ETFs are coming out soon..etc..Great channel brother subscribed.
lol..She is a drama queen (SoCal). I have never learned anything from that freak. He should never record in the sunlight...mofo is scary looking and a ghost...lol
biggest problem I have with BITO is the non friendly tax of the distributions. They do not count as actual dividends. But distributions and are taxed at regular capital gains based on your bracket. The BITO distributions are NOT i repeat NOT ira account tax immune.
Uhm... YieldMax distributions are taxes the same way. So there's no difference in that regard. I would rather take 80% yield at ordinary income tax rate than 10% yield at 15% tax rate 😁 I need to check the IRA thing
@@dripcalc Yeah if your yield is massive there is room for taxes. But What is BITO's average distribution before its taxed? 15% or less? Its comparing apples to oranges at that point but both are fruits. Its still a "drag" on total returns and there's no math way around that fact. And most content creators are absent minded when comparing realistic taxing of distributions of certain etf's verse others that might be taxed differently. Simply saying "Yield max pays huge and enough that taxes dont matter" is kinda a silly novice thing to say and think which many and I mean many youtubers just skim over as a non factor.
Yes, im actually thinking about live stream... Its very small channel, so i don't expect many viewers... On the other hand i can interact more... Answer questions, etc. Also .. covered calls mechanics are the same across all stocks, ETFs... Important thing is strike prices and expiration.
Msty captured the most upside during the last bull run so it's the only exposure to BTC I need. The cony inverse is a good choice right now. I wish I sold out of my msty and nvdy when I had the chance.
MSTR is trading at 1.82x NAV premium to their BTC holdings... That's why MSTY can capture close to BTC upside... But its down like 60% from the top, and those people who bought in the $40's are really hurting right now 😔
Let's see the upside first, then celebrate 🥂 The call credit spread can be beneficial ONLY IF underlying stocks go up, and above the breakeven of the call buy. If stocks stay flat, not only we won't benefit, but we also end up with less dividend, because we spent money to buy those calls 😔 I do hope it all works out for all of us... I bought BITO (DRIP + YM dividends) for $16.45 and sold $20 Jan '25 call for $1.15 ... So my cost is $15.30 + dividends until January... If i get assigned - oh well - cap gains. If not, my cost basis is lower. Bito today is $18.50
I would probably not recommend 50% of your investment in risky stocks like BITO... What im doing - is funneling all my yieldmax dividends into BITO... I am not aggressively investing into this (yet). I did preemptively buy at $16.25 on Friday, for the amount of incoming September dividend from BITO.
I have both Bito and YieldMax funds. I appreciate your analysis.
Same I think this is a great oppurtunity to go into bito cheap before the inevitable bitcoin new ATH
That new ATH may not happen for a very long time... If we slide into recession now... We might be 3 years from next ATH on Bitcoin
I agree...Bitcoin will soon explode again. I'm loading up.
BTC just hit 100k and BITO is at $25! great call!
BITO overnight on Robinhood like $26.5
Excellent perspective buddy. stay focused and straight forward...please don't add drama and childish things like many of the dumb a$$e$ pretending to know something about investing (SoCal) ...lol but true. All we care about is how to make more money, what ETFs are hot, what new ETFs are coming out soon..etc..Great channel brother subscribed.
lol..She is a drama queen (SoCal). I have never learned anything from that freak. He should never record in the sunlight...mofo is scary looking and a ghost...lol
biggest problem I have with BITO is the non friendly tax of the distributions. They do not count as actual dividends. But distributions and are taxed at regular capital gains based on your bracket. The BITO distributions are NOT i repeat NOT ira account tax immune.
Uhm... YieldMax distributions are taxes the same way. So there's no difference in that regard.
I would rather take 80% yield at ordinary income tax rate than 10% yield at 15% tax rate 😁
I need to check the IRA thing
@@dripcalc Yeah if your yield is massive there is room for taxes. But What is BITO's average distribution before its taxed? 15% or less? Its comparing apples to oranges at that point but both are fruits. Its still a "drag" on total returns and there's no math way around that fact. And most content creators are absent minded when comparing realistic taxing of distributions of certain etf's verse others that might be taxed differently. Simply saying "Yield max pays huge and enough that taxes dont matter" is kinda a silly novice thing to say and think which many and I mean many youtubers just skim over as a non factor.
Interesting video. Can you stream how to earn w/ BITO covered calls one of these days?
Yes, im actually thinking about live stream... Its very small channel, so i don't expect many viewers... On the other hand i can interact more... Answer questions, etc.
Also .. covered calls mechanics are the same across all stocks, ETFs... Important thing is strike prices and expiration.
Msty captured the most upside during the last bull run so it's the only exposure to BTC I need. The cony inverse is a good choice right now. I wish I sold out of my msty and nvdy when I had the chance.
MSTR is trading at 1.82x NAV premium to their BTC holdings... That's why MSTY can capture close to BTC upside... But its down like 60% from the top, and those people who bought in the $40's are really hurting right now 😔
I'm thinking this next dividend on Oct 1st will be higher than 1.2.
Yea i think it will be about $1.3-1.40... but i could be wrong and we get like $0.8 😢
Ym just adjusted their strategy to enjoy more upside.
Let's see the upside first, then celebrate 🥂
The call credit spread can be beneficial ONLY IF underlying stocks go up, and above the breakeven of the call buy. If stocks stay flat, not only we won't benefit, but we also end up with less dividend, because we spent money to buy those calls 😔
I do hope it all works out for all of us...
I bought BITO (DRIP + YM dividends) for $16.45 and sold $20 Jan '25 call for $1.15 ... So my cost is $15.30 + dividends until January... If i get assigned - oh well - cap gains. If not, my cost basis is lower.
Bito today is $18.50
😂 no they listened to a minority and will now be wasting more money. The spreads will be over used and under deliver unfortunately for us
i would of put half my account in bito if bc wasnt tanking can make almost 10 easy evry month including div and cc
10% i mean
I would probably not recommend 50% of your investment in risky stocks like BITO...
What im doing - is funneling all my yieldmax dividends into BITO... I am not aggressively investing into this (yet).
I did preemptively buy at $16.25 on Friday, for the amount of incoming September dividend from BITO.