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ive been with msty since the second month. finally got 10k shares, been telling everyone i know to get into it. this is just such a no brainer.... keep getting the word out.
@@canadianbacon852 Does it matter?? 68% div of 44. Isn't that the same as 68% div of 2 shares of 22?? As long as your Total investment amount is the same. Does number of shares matter?
Good Breakdown of MSTY Mike. I purchased about 2.5 months ago and am happy so far with the results. It's great for someone who wants a monthly income as well as options exposure without having to know how to trade or have the time to trade options.
What is your strategy? Do you reinvest your MSTY dividends to grow your allocation higher? Will you recuperate your initial investment once you reach 100%? If so where will you park that capital?
@@Novaknet Me personally I don't reinvest or DRIP if my CA is lower than the current trading price, I keep the dividends, and put into something else, or spend it
I have been selling covered calls on MSTY and CONY, going out a month collecting premium. Also selling covered calls on COIN. And selling OTM puts on MSTR collecting 100 on each put, going 30 points out of the money. This way if I lose the share price, I make it back on the options. So when there is NAV erosion, and buy more shares with the premium. Love your channel. Keep up the good work.👍⭐👏
That’s a fun game to play with MSTY. But, at least for now that’s possible to earn a lot with it. I saw a comment on another video of something having already made close to $800k with both Cony and MSTY over a few months of having them.
DCA into MSTY weekly like $100 is the way to go hence if bubble pops, you still buy weekly into the lows, you increase your shares every week. Meanwhile if you lump like $50k or more into one point and few months bubble comes down, now you are obliterated with your lump sum. My 2 cents. This type of fund only DCA is confidence without getting wiped out when big bear comes.
Agreed about DCAing. I've ridden it down to $20 and back up DCAing the whole way. I think the point of MSTY is that if you don't like BTC or MSTY you don't want anything to do with it, but if you really believe in the underlying MSTR and "Yes, it's going up forever, Laura," then there is reason to have great confidence that while the price may be volatile, the income should be perpetual. Of course it helps to have good timing too. Mine has been suspect at best but the dividend can make up for that, and selling puts has made me less impulsive on my buys
Nice work Mike! Yield max funds are the best! Got bored and bought some MRNY and ULTY; still have MSTY as my lead dog with TSLY and CONY are my wings. Also have CRYPTo so probably pick up some YBIT soon and maybe SMCY if they can clean up their books. Cheers Mike!
Thanks for the video. I stopped DRIP for my dividend stocks and I’m using 10-20% of dividends to buy the lower pay but more stable dividend ETFs from Neos (QQQI, SPYI) plus growth and dividend ETFs like SCHD, SCHG, VOOG. Likely MSTR and bitcoin will continue doing well in my opinion, but better safer than sorry later 😊
but be aware if a recession happens and severe reaction ins tocks and btc should go to 20thousend again. and heck even bwlow . the loan mstr does is becomming a high risk for us all if not... just ride it out till we get back to what ever the high is before any high fear in the market
Whether reinvest depends on how much position you r holding. If your position is not small, hold still is better. You can keep div as cash first or buy AMZY. Or FBY
Yieldmax holds the money in treasuries and cash. They create a synthetic position by buying a call and selling a put, same strike price, and these two are generally a wash in terms of money. Then they run options against the synthetics. If the stock price of the underlying dropped low in a crash, they get beat up on the put they sold, but they aren’t risking much and they are likely hedged. So they would just start a new position, a new synthetic and sell options against the synthetic. So dividends would drop or be zero that month. Nit the end if the world. They still have tons of money in treasuries and can still make income.
I just started with msty. Current have 5 shares. I'm going to dump money into it till I get enough for at least $500 in div. Setup auto reinvest. Then I'll focus on the other div stocks
HIya Mike, how goes the gym effort? I've got my msty pillar over 1K shares at 29.27. I liked your pillar system so building on 4 in YM funds. Can you do a video on coinbase - buying for Canadians. How much is a share etc., that would be great. Took 2 months of divs to pay for a week in Mexico. Leaving Sunday, making sure to spend some of the earnings as well as reinvest. That's 2 trips this year, love Yield Max
Hows it going Suzy I'm excited for your trip!!! The gym is starting to get packed at 630 am. The end of year rush is on! Good suggestions ill start thinking about some good cony vids!
hello , so , if we going to a black swan event like covid 19 , and MSTY drops to 10 $ , do I still get dividend ? is it going to be the less amount compare to month before the black swan event ? thx
Great question. Yieldmax hasn't faced too many of these types of events before. I feel we'd still get a distribution as it's based on options income. But that distribution would be far far lower than what's been out in a bull market. You also risk the etf reverse splitting and possible de listing of the fund if the underlying drops significantly.
Hey Mike i asked you before about stop losses, but i need lil advice. I have no stop losses on my nvdy or amdy. My question is im not sure where to put it? You said you wont lose more then $15? Even on a couple grand of shares? Im just not sure what to do
Thats a you question. Where are you going to lose sleep if it goes below that. For me I don't have any set on these because they should still pay distributions. My internal stop loss is $10 and I either don't invest more or pull the plug.
Well, i bought MSTY a few weeks ago at 34.5$ and it ia now 27$, so i received 8% div, 6% net after tax, but the price dropped by 21% so far. And following this month drops in the market, i am not sure that January div will be high...
I agree. It depends on how their weekly calls went. I'm guessing though they made great premium and actually won the weekly calls. We'll find out in a few weeks!
Yep. Keep your powder dry. With my distributions I put 50% in our emergency fund and reinvest 25% into other ETFs and the other 25% kept aside to take advantage of lower prices when it happens.
I’m skeptical but put about 1k in it. I feel like this cannot be sustainable for very long term. I mean if it works then it works but I kinda want to get what I can and then get into something more reliable.
I was thinking about letting it reinvest the dividend but I thought about buying enough shares so I can let the dividend pile up and buy in more Incase we get a large liquidity sweep.
You don’t buy these funds for share price appreciation. You buy them for the cash flow they create. If you want diversification within the YieldMax funds, buy YMAX.
@@HealthandWealth-2024 i bought qyld a few years ago. Im 20% down, so i just keep.it and buy other stuff every month with the dividend. I cant complain this way
If you plan to buy to hold msty- do it. Selling calls against makes it a trade. Why hold rocket labs and random companies. Just Hold growth index funds and bitcoin plays. The market is up 35% making new all time highs and Bitcoin is up 130%. What more do you need?
I bought that RKLB at 13 bucks with the MSTY covered call premium. It's up near 100% for me...so it might be tme to sell that and rebuy some msty with it. I'll think about that overnight.
@@HealthandWealth-2024 or you can begin to build out CEFs that yield between 11-18%. Like ECC, IGR, RIV, OXLC, XFLT, ACP, AOD, GOF, PDI, DMO, or you can toss in some ETFs like FEPI, YYY, AIPI, XYLD, SPYI.
it pays out every 4 weeks. So it's on a roaming 4 week schedule. If I said yes monthly you'd expect it to come out the same exact week every month, but it's paid out every 4 weeks.
wanted to get MSTY from day 1. but broker was preventing it *hard* only got acces to it since 1,5 month ! Cony i did get it from day 1 do happy with it too
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ive been with msty since the second month. finally got 10k shares, been telling everyone i know to get into it. this is just such a no brainer.... keep getting the word out.
MSTY is amazing $30k in dividends since July. No loss in NAV for me. Bought in at $24.38....
Love that
I just bought my first shares at $44 lol. Oops. Plan to average down asap!
@canadianbacon852 you might be able to get some sweet dividends over the next 6 months. That could bring down your average cost.
@@canadianbacon852 Does it matter?? 68% div of 44. Isn't that the same as 68% div of 2 shares of 22?? As long as your Total investment amount is the same. Does number of shares matter?
Just purchased $50,000 more of MSTY yesterday morning on Monday. MSTY is literally going to make a lot of people extremely wealthy.
Fingers crossed!!!! Let's go!!!
10% for your local youtuber? Only on winners, not on losers :)
That’s a recipe for disaster at all time highs
@@RippingProfits look at the output, it still pays a dividend
@@RippingProfits agreed. If anything I would have dumped 1/2 into CONY which is at all time lows
Good Breakdown of MSTY Mike. I purchased about 2.5 months ago and am happy so far with the results. It's great for someone who wants a monthly income as well as options exposure without having to know how to trade or have the time to trade options.
Thanks and let's go!!
MSTY has paid me over 80% of my investment. 20% more, and it turns into a "Money Tree" for life!
I love the term money tree. I might use that in future videos!!
Yep same here
@@HealthandWealth-2024I just hit house money with CONY (money tree now) and now am buying $20k of MSTY
What is your strategy? Do you reinvest your MSTY dividends to grow your allocation higher? Will you recuperate your initial investment once you reach 100%? If so where will you park that capital?
@@Novaknet Me personally I don't reinvest or DRIP if my CA is lower than the current trading price, I keep the dividends, and put into something else, or spend it
Msty is my largest position, giving me divs for the last 5 months, very happy with total return.
It's been great eh
I have been selling covered calls on MSTY and CONY, going out a month collecting premium. Also selling covered calls on COIN. And selling OTM puts on MSTR collecting 100 on each put, going 30 points out of the money. This way if I lose the share price, I make it back on the options. So when there is NAV erosion, and buy more shares with the premium. Love your channel. Keep up the good work.👍⭐👏
Thanks for tuning in.
Excellent idea selling CCs on MSTY. I do the same.
@@HealthandWealth-2024 👍👌👏🙂
@@henrim9348 🙂👍 fantastic
@@henrim9348 at what delta you selling your cover calls ? Delta 15 % ?
I plan on investing about $20k in MSTY. Hoping it does well. Some analyses I ran in Excel with DRIP are scary optimistic, lol, but we will see.
That’s a fun game to play with MSTY. But, at least for now that’s possible to earn a lot with it. I saw a comment on another video of something having already made close to $800k with both Cony and MSTY over a few months of having them.
@ wow, that's crazy.
Love this channel! Positive vibes and great perspective my dude!
Thanks a lot @blueRivers
DCA into MSTY weekly like $100 is the way to go hence if bubble pops, you still buy weekly into the lows, you increase your shares every week. Meanwhile if you lump like $50k or more into one point and few months bubble comes down, now you are obliterated with your lump sum.
My 2 cents. This type of fund only DCA is confidence without getting wiped out when big bear comes.
Agreed about DCAing. I've ridden it down to $20 and back up DCAing the whole way. I think the point of MSTY is that if you don't like BTC or MSTY you don't want anything to do with it, but if you really believe in the underlying MSTR and "Yes, it's going up forever, Laura," then there is reason to have great confidence that while the price may be volatile, the income should be perpetual. Of course it helps to have good timing too. Mine has been suspect at best but the dividend can make up for that, and selling puts has made me less impulsive on my buys
Buying more
Nice work Mike! Yield max funds are the best! Got bored and bought some MRNY and ULTY; still have MSTY as my lead dog with TSLY and CONY are my wings. Also have CRYPTo so probably pick up some YBIT soon and maybe SMCY if they can clean up their books. Cheers Mike!
Nice work! Love that for you. Thanks for watching!!!
Thanks for the video. I stopped DRIP for my dividend stocks and I’m using 10-20% of dividends to buy the lower pay but more stable dividend ETFs from Neos (QQQI, SPYI) plus growth and dividend ETFs like SCHD, SCHG, VOOG. Likely MSTR and bitcoin will continue doing well in my opinion, but better safer than sorry later 😊
Love that. Good ideas.
Yup, MSTY has amazing divs!
YMAX. Some level of diversity and solid payments.
Heavily invest in MSTY as long as they keep paying a descent dividend they will get my money.
but be aware if a recession happens and severe reaction ins tocks and btc should go to 20thousend again. and heck even bwlow . the loan mstr does is becomming a high risk for us all if not... just ride it out till we get back to what ever the high is before any high fear in the market
Agreed! MSTY is on fire!
"You can not see it, it is behind my head here"
Me, looking at all that blank open space in the bottom left. :D
I should move my head eh lol
Whether reinvest depends on how much position you r holding. If your position is not small, hold still is better. You can keep div as cash first or buy AMZY. Or FBY
Yieldmax holds the money in treasuries and cash. They create a synthetic position by buying a call and selling a put, same strike price, and these two are generally a wash in terms of money. Then they run options against the synthetics. If the stock price of the underlying dropped low in a crash, they get beat up on the put they sold, but they aren’t risking much and they are likely hedged. So they would just start a new position, a new synthetic and sell options against the synthetic. So dividends would drop or be zero that month. Nit the end if the world. They still have tons of money in treasuries and can still make income.
I just started with msty. Current have 5 shares. I'm going to dump money into it till I get enough for at least $500 in div. Setup auto reinvest. Then I'll focus on the other div stocks
100% paid back already for me … iv had gone way down though so expect smaller payments in future
Get back PLTY! That was the story of the day!
HIya Mike, how goes the gym effort? I've got my msty pillar over 1K shares at 29.27. I liked your pillar system so building on 4 in YM funds. Can you do a video on coinbase - buying for Canadians. How much is a share etc., that would be great. Took 2 months of divs to pay for a week in Mexico. Leaving Sunday, making sure to spend some of the earnings as well as reinvest. That's 2 trips this year, love Yield Max
Hows it going Suzy I'm excited for your trip!!! The gym is starting to get packed at 630 am. The end of year rush is on! Good suggestions ill start thinking about some good cony vids!
hello , so , if we going to a black swan event like covid 19 , and MSTY drops to 10 $ , do I still get dividend ? is it going to be the less amount compare to month before the black swan event ? thx
Great question. Yieldmax hasn't faced too many of these types of events before. I feel we'd still get a distribution as it's based on options income. But that distribution would be far far lower than what's been out in a bull market. You also risk the etf reverse splitting and possible de listing of the fund if the underlying drops significantly.
Hey Mike i asked you before about stop losses, but i need lil advice. I have no stop losses on my nvdy or amdy. My question is im not sure where to put it? You said you wont lose more then $15? Even on a couple grand of shares? Im just not sure what to do
Thats a you question. Where are you going to lose sleep if it goes below that. For me I don't have any set on these because they should still pay distributions. My internal stop loss is $10 and I either don't invest more or pull the plug.
I only put stop losses on stocks not yield max etfs because I still get the dividend with them.
Well, i bought MSTY a few weeks ago at 34.5$ and it ia now 27$, so i received 8% div, 6% net after tax, but the price dropped by 21% so far. And following this month drops in the market, i am not sure that January div will be high...
I agree. It depends on how their weekly calls went. I'm guessing though they made great premium and actually won the weekly calls. We'll find out in a few weeks!
Yep. Keep your powder dry. With my distributions I put 50% in our emergency fund and reinvest 25% into other ETFs and the other 25% kept aside to take advantage of lower prices when it happens.
It won't be a ton of powder, but there will be some powder for the just in case.
I’m skeptical but put about 1k in it. I feel like this cannot be sustainable for very long term. I mean if it works then it works but I kinda want to get what I can and then get into something more reliable.
I was thinking about letting it reinvest the dividend but I thought about buying enough shares so I can let the dividend pile up and buy in more Incase we get a large liquidity sweep.
Not a bad idea. They can compound until you're ready to use them.
You don’t buy these funds for share price appreciation. You buy them for the cash flow they create.
If you want diversification within the YieldMax funds, buy YMAX.
I really like MSTY. The dividends are insane but MSTR still has better returns.
Thank you, i might try to scale into a little over a few weeks . I will keep 10 to 20% like you mentioned for other stocks
Love that idea. I think it's important to diversify (even though i'm clearly not officially doing it yet).
@@HealthandWealth-2024 i bought qyld a few years ago. Im 20% down, so i just keep.it and buy other stuff every month with the dividend. I cant complain this way
If you plan to buy to hold msty- do it. Selling calls against makes it a trade.
Why hold rocket labs and random companies. Just Hold growth index funds and bitcoin plays. The market is up 35% making new all time highs and Bitcoin is up 130%. What more do you need?
I bought that RKLB at 13 bucks with the MSTY covered call premium. It's up near 100% for me...so it might be tme to sell that and rebuy some msty with it. I'll think about that overnight.
@@HealthandWealth-2024 or you can begin to build out CEFs that yield between 11-18%. Like ECC, IGR, RIV, OXLC, XFLT, ACP, AOD, GOF, PDI, DMO, or you can toss in some ETFs like FEPI, YYY, AIPI, XYLD, SPYI.
Buy 100 shares of MSTY and write calls on it- another easy 50% yield or so.
is it a monthly payout?
it pays out every 4 weeks. So it's on a roaming 4 week schedule. If I said yes monthly you'd expect it to come out the same exact week every month, but it's paid out every 4 weeks.
I just wanted to say that MSTY pays out every 4 weeks and not monthly. So there will be 13 distributions every year.
That'll be huge eh
I need you opinion about ymax,ymag,iwmy that you think
Ymax appears to be stable so far. Ymag i'm not too sure about and iwmy I haven't looked at one time.
Hello
NVDY seems to be the better bet.
It may be slowing down in option volume, it's safer but may slow down in distributions as nvdia slows down in growth.
$15 bucks?? Buy more😂😂
If msty gets to 15? Most likely! Re-assess at that time :) :)
Buying every day
@Lonewolfcrypto I need to find a way to buy every day , whats your secret?
MSTY has got too expensive
So true; I’ve got 250 shares at 23.99 so I turned DRIp off to stay low
1006 cony. 260 msty here.. got some other building up nvdy and plty
Build that castle!
wanted to get MSTY from day 1. but broker was preventing it *hard* only got acces to it since 1,5 month ! Cony i did get it from day 1 do happy with it too
Cony underrated. It's a must have now.