I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A balanced portfolio ideally includes a mix of both type. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
Dividends are great. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important.
I agree. Drawing from my own experience with a CFA, I have amassed ~$1 million in a well diversified portfolio that has seen exponential growth. I got ~$48800 divs last year in taxable divs. Q2 taxable divs was ~$17k this year. Investing in stocks requires not just capital but also knowledge, perseverance, and a steadfast approach.
Congrats! I’m trying to get an advlsor for guidance but it’s harder than you think. Anyone who is fee-based is hard to find and usually have a heavy workload. Would you be comfortable sharing a recommendation if it’s not too much trouble
Oh very well then, conducting due diligence on Lina Dineikeine should suffice. She has established a notable reputation over time, and her system is acclaimed for its outstanding quality. Good woman!
Ah gotcha. I looked up her name on Google. Found her website. I must say her credentials are truly impressive! Good enough to lay any doubts to rest. I popped her an email.
I love your channel, but everyone is missing the point with these products! These are designed for income. You can reinvest the distribution for compounding purposes or you don’t. Regardless, depending on the stock choice the distribution will pay itself off in 24 months or less. At that point everything received is house money and it doesn’t matter what the Nav does. It can go down, they can reverse split and it doesn’t matter because you’ve already received your initial back.
I agree. I have a spreadsheet to show how long I will get to zero risk based on the symbol. getting to zero risk is my goal and then will be ok with what ever happens after that.
make sure to include taxes in the rate of return. It may dramatically change payback date. 24 months on Wall Street can be a lifetime. Many people haven’t seen a 1987 or 2000 or 2008. The risk is very real I can assure you. I can’t tell you when it will happen or how only it has happened in the past.
@@brianfruman123 very valid concerns. In my last Job HR came through with a way of thinking I was not used to. They said as you get closer to retirement set aside 5 years of liquid options to live on (in case of a 2008 scenario) and the rest can be more risk investments as history proves that the years you talk about (which I witness each time), that with time the market recovers from any crash. And you have a good point in the so many people have only seen incredible growths in the market and do not know down or sideway action. Mr Market is planning for the next crash to cause as much pain to as many people as possible. We will not know when but it will come.
The S&P 500 finished down 20% in 2022. This means long term investors have a great starting point in 2023. Here are 4 very popular ETF’s: $VOO- S&P 500 fund $VTI- Total US stock market $QQQ- High growth, tech $SCHD- Growth + Dividends| I just tallied my dividends for the year;$167k Blessed and grateful, disciplined and focused.
My "boring" index funds just paid me over $6,000 in dividends last month. This is money that i can choose to spend without having to sell any of my shares. But for now i have it all set to reinvest to buy me even more index funds.
That's awesome! Diversifying your 350K portfolio with the help of an investment coach has really paid off. Making over $730k in net profit from high dividend yield stocks, ETFs, and bonds is quite impressive. Your investment strategy seems to be working wonders for you!
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Yeah, that's what I did. Bought a few shares of NVDY last year and after the next dividend half of my shares are paid for from the dividends. I'm not doing drip on them... didn't wanna gamble that much haha
@@kenpachizaraki8509 way to rub it in, lol i did the same thing with cony.. got $700 divs and turn around and sold for $500.. profit nicely... i can still get in..
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
I admit to mixed feelings about the YieldMax funds. I think the most important part is to understand what they are, how they work, and where they might (or might not) fit into your portfolio. Right now, I have small positions in YMAX and NVDY, but I'm treating them as shorter-term cash flow generation vehicles than buy and hold. Of course, if they continue to perform, I'll keep holding. But "set and forget" retirement assets? Nope.
@@BeDangerousGroup I'm not being a hater, it just mathematically a drag on his performance. It'd be better to just invest directly into those positions. YMAX ETFs have poor overall performance
@@KO-gj9ug Depends. 118% return on NVDY, if NVDA tanks you have made capital gains and do not take that drawdown. You've made your money, the initial investment is paid off. I'd rather have a steady income.
I don’t think you understand how this product works. The CEO even stated in his interview that these are not stay and park funds you need to manage them and DCA into them consistently in order for these to work properly in creating sustainable income.
YieldMax funds are good for super charging your income now to help build up your div position in other stocks. If you put in 2K then once it grows big enough to take out your initial investment then its no problem you are only spending profits at that point and reinvesting profits. It helps to speed up everything use it while it last not gonna be around for 30 to 50 years we all know that much.
Good point…just keep track of the total value of each fund…then use some of the income I’m personally using 25% of my dividends to purchase others etfs and reinvesting the rest …
Exactly what I'm using it for. Just got my first monthly dividend distribution, and it was 10% of my investment. I'm just reinvesting the dividends until it builds up some capital, then I'm gonna pull the plug and move it to something more reliable.
I have Jepq, Nvdy, Cony, Msty, Ymax, qqq, and fselx. Im up 30k for the year. I then use 50% to reinvest and 50% into the actual underlying. Thank you, nvidia 10 for 1 split
I've heard that index funds and ETFs provide diversified stock market exposure while spreading risk. I have over $800K in savings; What's the most effective strategy to allocate funds in my portfolio and generate profits?
Yes, there are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
I'm new here... here's a question. In the video, from about 4:50 to 5:10, he compares the price drop in TSLA to the price drop in TSLY. But he fails to account for the dividends paid out from January '23 to May '24. By my quick count, if you add the dividends back into the price of TSLY, then the drop is only a bit more than the drop in TSLA; not a difference from 50% compared to 10%. Am I seeing things correctly?
We bought 50 shares of Nvdy at 24.44 May 1.. collected that massive div and the shares are up to 28 now. Not sure if I’ll buy more until the Nvda split
Once again the small minded dont buy yieldmax funds because of TSLY , YMAX fund is the absolute best dividend/income investment on the market , so far it up 4.5% on nav and pays 44% annual yield !!!!
One possible way to accept the non-diversification of Yield Max is to limit the percentage it might be in your total portfolio. I'm going to buy YMAX but it will only be 5% max of the total value of my portfolio. I'm 77yo and not interested in anything but income. To each, their own.
Another solid video Alan. Your insights inspire many to consider what's possible when it comes to retiring early with dividends. At the end of the day, we all have to decide how much risk we can tolerate. With the exception of TSLY, I've been very pleased with all my YM and Def funds. The monthly payouts have all tripled and in some cases, more than quadrupled the paper losses for the year. NVDY, CONY and MFSO are currently green on top of DIV yields of 30-100%. I hope we all make big money this year. It's an exciting time as this Bull market charges forward.
Agreed that almost all (if not all) YieldMax funds appear to focus entirely on income and do not care about NAV erosion and have done (and will continue to do) reverse splits when the price gets too low. When it comes to their diversified ETFs, their two best are OARK (synthetic for ARKK's current 38 stock holding ETF) and ULTY (synthetic for high Implied Volatility stocks with currently 17 different stocks). When the Fed Funds rate eventually starts going down, both ARKK and OARK will go parabolic like ARKK did years ago. ULTY's holdings are a perfect match for YieldMax's strategy. Lastly, for the single stock ETFs, it is nice to get income from stocks that have no/low dividends (TSLY, NVDY, etc), but agreed that in the long run, holding the actual stock is typically way better for total returns.
if nvidia keeps this it for years like 10, nvdy will blow nvidia away because of the power of the dividend. in the last year with the nvdy with dividend return its 1.46% and nvidia is 1.8% not far off from each other.
@@bunkeyscow Agreed. Also, another benefit with the YieldMax funds is that they are on options chains. Personally, I sell put options with strike prices below the current market price so if the price falls, I happily get assigned 100 shares...and if it doesn't fall, I still keep the premium from selling the contract. It's how I fortunately acquired 100 shares of NVDY earlier this year.
@@mlwilliams4407 I have been playing with amc with selling calls and puts. If i lose my shares this week on amc, they can keep my shares. Ill be up 70%. Pot stocks are a great too for cover calls.
I have gained much through Yieldmax Etfs since last year. I admit they can be unstable but regarding TSLY I'd rather be in an unstable 51.31% dividend yield than in a stable 6% yield. Besides, we cannot judge much anything that has not been 10 years in existence yet, and somehow the management is not that idiotic-sounding. I am sure at least one person in those financial management companies is also being careful. Anyway, let's wait and see a little longer. As a stock market investor, I am not primarily for stability or security. Otherwise, I'd be in bonds or money market.
Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash
Doesn't really matter Tsly is actually the worst case scenario after year or two you make back your investment whether or not it went up or down with the release of multiple single stock etfs by YieldMax you sort of create your own "high yield basket" which you can use to reinvest or invest any other dividend funds.
let me ask you a question... if it took you 2 years to make back your money, that means for 2 years you were red.. after 2 years Youa are now break even. its like you did nothing for 2 years... if i have 100000 same as if i was invested in YM, i put that in money market, i get back $14K in 2 years while you broke even..?
@@josephsaeteurn9158 Well don't invest 100k ever into something you don't believe in. If you buy in one of these with 2-3k at it trends down the whole year maybe it wasn't a great idea. (Like $Klip) But if you invest in say $nvdy which is currently paying 100% that is on top of what you bought. You like hypotheticals 100% yield on cost means your 100k would be 200k. Minus tax of course. Yes a bit over 10k a month? Even if your risk tolerance is a lot lower or worried these funds will get slaughtered on a bear market. You could go $clm or $gof and get 16-18%
@@josephsaeteurn9158 at the end you have 14k, and that would be around 18-20% return (which is already insane), while the 10k invested 2 years ago into TSLY (worst case) would be worth 4k. However, you have made 10k in dividends, so also worth 14k overall, except you still have the ~250 shares of TSLY still paying you the high yield. If you DCA, the results are kind of insane even when the “price” is dropping.
@@Sue_D_Nymn all ppl look at is dirsto and diversification is a JOKE else everyone would just buy VT which is every stock in the world lol its like betting on all the number on the roulette wheel its a joke,...YMAG recovers after evry dividend pay out or at least it recovers much much better than Ymax does and you want etfs that recover 50% to 100%+ so you dont experience nav erosion plus you can hedge ymag much easier its almost impossible to hedge ymax and as they add to ymax it will continue to become more impossible to add to it ...the weighting in Ymag is better you get way more NVDY in Ymag than you do in ymax after a crash the first stocks to recover you already know are going to me msft aaple nvda etc the fact tha most ppl investing in yeildmax have no idea wtf they are doing should also tell you ymax is what 2 or 3 times more popular than ymag which says the crowd is dumb dont follow the crowd i can go on but like i said YMAG is better everyone in cony n msty etc yet the best fund they have is AMZY !?!? only recently has a couple ppl started to figure that out but no one was investing in amzy
I use the proceeds from the yield Max funds to fund my other dividend stocks in my portfolios.... Basically I'm just going to milk the golden calf until it's not the golden calf anymore and I'll go to something else but you can't ignore the profits that you can get focusing on yield Max and just distribute those gains throughout your portfolio❤
Agreed! Kurv investments have very very high yields and they seem to maintain their NAVs even going up some in value. If you could at some point review these KURV funds that would be great!
Your way to negative on this one ..let’s brake it down if you want to own yieldmax then buy shares in most of the single stocks and include Ymag and Ymax this for example could be 20 % of your portfolio then reinvest most of the dividends … the x day is a few days from the pay date …hope this helps
Dripped into Tsla over the last year - paying roughly 23k per month… 5 years to go - math says by then it will be over 100k per month… with no further new money…. I’m fine with that… and 3k shares of TSLA…. Doing the same with Cony, Nvdy, Amzy, Msty, and Ymax… Will do over 1mil in dividends per year within 36 months…
Bro you keep using TSLY as your logic on how the funds work, These are not buy and hold ETFs “, you need to be ready to trade out of it, and move to the next one, once the underlying fund meets market resistance, and starts under performing, take your gains and jump back in into another that predictive price movement to the upside, these funds are not diversified assets, hence the huge upside potential in dividend income.
Yieldsmax are now doing inverse funds. So far they have CRSH for Tesla. You could hedge your position while increasing your dividend rather than shorting and having to pay a dividend on top of interest.
If you get a $1,000 dividend and over the next week or two the share price drops by $4,000 how .much did the dividend help you. It cost you $3,000 out of your pocket.
I’ve got to own this-I'm beyond frustrated. I invested $100k at $25 per share in TSLY, thinking it was a solid play. Now, I’m down to $40k, and the dividends haven’t even come close to covering the losses. It’s been the textbook dividend trap for me. To make it worse, I’m so far underwater that selling doesn’t even feel like an option. My original 6,000 shares have been cut in half to 3,000 because of the reverse split, and the stock is trading at $14 now. The truth is, the only ones really making money here are YieldMax with their sky-high fees. If no new money flowed into these funds, the whole thing would collapse like a pyramid. It’s a hard lesson, but I’m stuck holding the bag for now.
You need to build a portfolio within a portfolio with these funds. I currently invest only 12% of my portfolio in them and they represent only 7 out of 54 total positions. So the diversity and risk management are there. And I reinvest the dividends and limit the overall exposure by not adding a larger percentage. They are not designed to invest your entire portfolio into.
Only a few YieldMax ETFs are worthy of investment like NVDY, AMZY and MSTY. You're missing out on big gains like MSTY. I recovered the entire investment amount in MSTY and just received 36K dividend this October alone. To date, since MSTY started, I received close to 100k in dividend above my initial investment plus capital gain. This all in my IRA and ROTH.
But do the YieldMax single-stock funds really depend on the performance of its underlying stock performance? Since it’s based on covered calls, it depends on the volatility of the underlying stock - volatility you won’t get nearly as much from an aggregation of stocks. I don’t picture a covered call strategy based on an index or sector having nearly the same yield as an individual stock. Diversity created by baskets creates stability - not ideal for a covered call strategy. JMHO
its a speculation investment... as a very small side project i take 50% of my tsly div and reinvest into tsly and 50% into jepq. if it sh1ts itself its ok..
Im makimg 2400 from yieldmax with cony n msty. Been with both since the inception. Its the ocean and we ride the wave. I panic sold in feb really bad. I recovered since then ❤
I have some XOMO because I think it's the most likely to trade sideways over time. I also have a little bit of CONY but I am constantly eyeballing the exit.
Buying YM just needs a specific strategy. First there are only 7 needed or worth buying. Second buy only on ex date. Third always look for dips, set an alert or set a limit order. Slowly build up your position. It’s not that hard, just takes time. You can collect 50 - 60 percent. NP. Never buy and hold.
Should you invest ymax into your brokerage account or Roth IRA account. Because you will be taxed if you invest it into an individual brokerage account right ?
You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.
I am torn. Its certainly tempting to "roll the dice" over the short term in the hopes you can earn enough and then jump out....I think you would need to have a very clear exit strategy. The problem I have been having lately is the so called "long" term safe dividend aristocrats have also been sharply cutting dividends. Things like ATT, Disney, WBA, MMM, Intel, just to name a few are supposed to be "safer" long term plays...Not sure I believe that there is any really safe dividend out there.
Perhaps then consider YMax. As time goes on, they will add more funds, which will get captured under YMax. It’s hard to argue with a 43%?(approx..) yield, and that’s what YMax offers). Best of luck!
YMAX is good to own, just don't make it your ONLY holding. Make it one of your core holdings and surround it with other ETF's that have more stable/consistent yield for your income. JEPI, SVOL, etc
If you look at some of their NAVs, like CONY, you would be in the green due to their consistent dividends. CONY itself has never failed to fall under $1 each.
One other strategy I’ve seen around the yieldmax funds is to reinvest a certain portion of the distributions back into them to combat the nav and distribution decline over time.
Thank you for adding perspective to the _gold rush_ attitude UA-camrs have for YieldMax ETFs. I've been suspicious of them despite all the hype because there has to be a catch. The catch is NAV erosion. If the ETF drops more than the stock it's based on, then it's not a good performer. Maybe the distributions are ROC (thus tax-deferred) or maybe they're regular income (full tax rate), but there are concerns.
ecat and bcat recently doubled their divi and yielding %20 annually now. both are well diversified. i have them as backbone of my portfolio. i also protect my tsly position with CRSH. both high divi. i also have XDTE paying me weekly
@@kevinrcaim more invested in crsh than tsly since economic enviorment is poor for a car company. im %55 in crsh and %45 in tsly. i also like gold but i rather have the new yieldmax GDXY goldminers fund and BITO bitcoin fund
Can you please explain how you hedge tsly with crsh? Would this be considered risk free type of thing? Given the fact that has bullish outlook and the other is bearish?
For me, it's all about time horizon. I'm 100% on board with you about the lack of diversification, but I'd willing to give YMAX a go, provided it's a minority position in a larger dividend income or dividend growth portfolio AND the time horizon to retirement is still measured in decades. YMAX, theoretically anyway, avoids the issue of Nvidia not returning 180% every year and interest rates not being at 40 year highs in any given year, because something under the theoretically growing YMAX umbrella would be doing well enough outside of market downturns. But if you held YMAX in retirement, the yield would have to be good time, vacation, splurge a little money in retirement, not monthly obligation money.
I will say that these options do look good for the strategy I use for my Roth IRA and so I may add these to my spreadsheet to utilize. It's not a buy and hold strat, it looks for recovery opportunities while using dividends to re-invest and take advantage of the Roth's tax free status for that purpose. Given that dividends are a part of the strat along with recovery, looking at TSLA would not have been in my book. But a synthetic covered call that is distributed does open that door through TSLY. They fact that these track single stocks work because I take on multiple 2% positions to diversify and saftey on the strat, so it tracking a single stock is a bonus and not a determent for me. We'll see how it goes. Thanks for introducing these.
I buy the actual stock mstr and Use that position to buy msty on margin. I use the income to buy more shares of mstr. I keep this going as mstr goes higher.
A lot of the BDC's and REIT's that pay like 8 percent aren't exactly great investments either. Jay was on a video yesterday saying that the way things are going, CONY will have been out a year this August and will have completely payed itself off if you bought at inception. I know that may not always be the case, but you can't beat that. If I'm going to go for dividend payments I want to go for the best I can to a certain extent. Some of these funds like CONY, ULTY, and MSTY are paying like 5-8 percent per month roughly.
You can use the income weekly of Ymax to buy safer investments like SCHD and O thats my plan is to to my dividends from Ymax and buy O,SCHD and other safer EFTs . I just to to generate the income to do this which YMAX provides.
The "really high" paying BDC's and REIT's pay like 5 to 13 percent or something similar whereas the "low performing" Yieldmax and Defiance funds pay 15 to 20 percent or so roughly so it's worth the risk to me. I want to supercharge my retirement.
Yield Max uses the same covered call strategy as the other funds. Using synthetics allows them to get the same prices movement for lower the cost. I don't think these ETFs are meant for long term holding unless you are long term bullish on the underlying. They are risky being concentrated on one stock but that would be no different than holding the stock it's self.
Well said and I agree!! Amazon, Microsoft, Nvidia (for example), are not going to fade away, and these are the types of YieldMax funds you want to hold, and not just for the short or medium term.
I use these in a side portfolio sperate from my core dependable dividend portfolio and treat the income from them as "fun money" - I would say one even better than YMAX is FEPI
I like to take the nvdy dividend and invest it in the double Nvidia ETF to hedge the dividends with growth. I also do that with other yield Max funds. I wouldn't touch tsly but I will buy the ones that are performing amzy, msfo, ndvy Etc
YieldMax ETF's are great for anyone that wants to lose capital quickly. Bought a few MSTY shares out of curiousity last month and shares are down almost 30%, whatever yield it pays will never make it worthwhile.
How you can live off these Yieldmax funds is when they generate 25x of your monthly bills. By reinvesting the remaining dividends the 25x income will grow. In addition having a rainy day growth portfolio can help to ease the jitters if you're not truly an investor.
If you were in NVDY for 10 months you got all your money back in dividends after that it's free money you are playing with so risk can be higher.
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A balanced portfolio ideally includes a mix of both type. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
Dividends are great. Personally, I sometimes use my dividends to buy other dividend and growth stocks for diversification instead of reinvesting in the same stock. To each their own methods though. The good thing is that you’re investing in the first place and that’s what’s important.
I agree. Drawing from my own experience with a CFA, I have amassed ~$1 million in a well diversified portfolio that has seen exponential growth. I got ~$48800 divs last year in taxable divs. Q2 taxable divs was ~$17k this year. Investing in stocks requires not just capital but also knowledge, perseverance, and a steadfast approach.
Congrats! I’m trying to get an advlsor for guidance but it’s harder than you think. Anyone who is fee-based is hard to find and usually have a heavy workload. Would you be comfortable sharing a recommendation if it’s not too much trouble
Oh very well then, conducting due diligence on Lina Dineikeine should suffice. She has established a notable reputation over time, and her system is acclaimed for its outstanding quality. Good woman!
Ah gotcha. I looked up her name on Google. Found her website. I must say her credentials are truly impressive! Good enough to lay any doubts to rest. I popped her an email.
I love your channel, but everyone is missing the point with these products! These are designed for income. You can reinvest the distribution for compounding purposes or you don’t. Regardless, depending on the stock choice the distribution will pay itself off in 24 months or less. At that point everything received is house money and it doesn’t matter what the Nav does. It can go down, they can reverse split and it doesn’t matter because you’ve already received your initial back.
I agree. I have a spreadsheet to show how long I will get to zero risk based on the symbol. getting to zero risk is my goal and then will be ok with what ever happens after that.
make sure to include taxes in the rate of return. It may dramatically change payback date. 24 months on Wall Street can be a lifetime. Many people haven’t seen a 1987 or 2000 or 2008. The risk is very real I can assure you. I can’t tell you when it will happen or how only it has happened in the past.
@@brianfruman123 very valid concerns. In my last Job HR came through with a way of thinking I was not used to. They said as you get closer to retirement set aside 5 years of liquid options to live on (in case of a 2008 scenario) and the rest can be more risk investments as history proves that the years you talk about (which I witness each time), that with time the market recovers from any crash. And you have a good point in the so many people have only seen incredible growths in the market and do not know down or sideway action. Mr Market is planning for the next crash to cause as much pain to as many people as possible. We will not know when but it will come.
The S&P 500 finished down 20% in 2022. This means long term investors have a great starting point in 2023. Here are 4 very popular ETF’s: $VOO- S&P 500 fund $VTI- Total US stock market $QQQ- High growth, tech $SCHD- Growth + Dividends| I just tallied my dividends for the year;$167k Blessed and grateful, disciplined and focused.
My "boring" index funds just paid me over $6,000 in dividends last month. This is money that i can choose to spend without having to sell any of my shares. But for now i have it all set to reinvest to buy me even more index funds.
That's awesome! Diversifying your 350K portfolio with the help of an investment coach has really paid off. Making over $730k in net profit from high dividend yield stocks, ETFs, and bonds is quite impressive. Your investment strategy seems to be working wonders for you!
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Yieldmax funds: Keep an active eye on the funds, ride the wave as long as possible and then switch when things start to change.
Yeah, that's what I did. Bought a few shares of NVDY last year and after the next dividend half of my shares are paid for from the dividends. I'm not doing drip on them... didn't wanna gamble that much haha
And it’s still going ? Smart move on your end huh lol
@@kenpachizaraki8509 way to rub it in, lol i did the same thing with cony.. got $700 divs and turn around and sold for $500.. profit nicely... i can still get in..
I'm thinking of putting $100,000 cash into AMZY, TSLY, NVDY. AND CONY
@@Mrknownothing999 why? on what logic?
My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.
As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
I have noticed share price in these Yield Max funds are constantly eroding. Many are decreasing their dividends. Not good.
I admit to mixed feelings about the YieldMax funds. I think the most important part is to understand what they are, how they work, and where they might (or might not) fit into your portfolio.
Right now, I have small positions in YMAX and NVDY, but I'm treating them as shorter-term cash flow generation vehicles than buy and hold. Of course, if they continue to perform, I'll keep holding. But "set and forget" retirement assets? Nope.
For retirement assets we all want those blue chip and etfs.
My ymax goal is to build it up then buy more stable income funds with those high dividends.
Great way to slow progress.
@@KO-gj9ug Hi, how so? If you could explain would be appreciated
Don't listen to haters.
That's actually a good strategy for you. Let YIELDMAX pay for your more long-term/stable funds.
Good luck!
@@BeDangerousGroup I'm not being a hater, it just mathematically a drag on his performance. It'd be better to just invest directly into those positions. YMAX ETFs have poor overall performance
@@KO-gj9ug Depends. 118% return on NVDY, if NVDA tanks you have made capital gains and do not take that drawdown. You've made your money, the initial investment is paid off. I'd rather have a steady income.
I don’t think you understand how this product works. The CEO even stated in his interview that these are not stay and park funds you need to manage them and DCA into them consistently in order for these to work properly in creating sustainable income.
Lol
CEO WILL told u to jump from EMPIRE...u will do it?
YieldMax funds are good for super charging your income now to help build up your div position in other stocks. If you put in 2K then once it grows big enough to take out your initial investment then its no problem you are only spending profits at that point and reinvesting profits. It helps to speed up everything use it while it last not gonna be around for 30 to 50 years we all know that much.
A Lot Of People On Here Right Now Won't Be Around 40 Years From Now.
Good point…just keep track of the total value of each fund…then use some of the income I’m personally using 25% of my dividends to purchase others etfs and reinvesting the rest …
who knows what will be around nobody thought QYLD would be around
Exactly what I'm using it for. Just got my first monthly dividend distribution, and it was 10% of my investment. I'm just reinvesting the dividends until it builds up some capital, then I'm gonna pull the plug and move it to something more reliable.
Yieldmax is house money after 20 months. Bank, sell, reinvest afterwards.
I have Jepq, Nvdy, Cony, Msty, Ymax, qqq, and fselx. Im up 30k for the year. I then use 50% to reinvest and 50% into the actual underlying. Thank you, nvidia 10 for 1 split
By underlying you mean nvdy or nvda?
@@Netizen56 NVDY underlying is NVDA, so yeah.
I have several extremely high risk/high yield funds, but I never put more than a small amount in these. It's about balancing your portfolio.
Look at the stock chart on any of these. You would have lost far more in share price than gained in the dividend.
I've had AMZY since the beginning, not bad.
Nvdy Ive done ok for now.
Amzy and cony have been really good for me, huge dividends and capital appreciation.
@@christmas10023 you can say for now about every stock created
@@mrjsanchez1and now?
I've heard that index funds and ETFs provide diversified stock market exposure while spreading risk. I have over $800K in savings; What's the most effective strategy to allocate funds in my portfolio and generate profits?
Yes, there are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
May I know the name of the advsor who has been assisting you, please?
She's known as ‘LAUREN MARIE EHLERS’. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
I'm new here... here's a question. In the video, from about 4:50 to 5:10, he compares the price drop in TSLA to the price drop in TSLY. But he fails to account for the dividends paid out from January '23 to May '24. By my quick count, if you add the dividends back into the price of TSLY, then the drop is only a bit more than the drop in TSLA; not a difference from 50% compared to 10%. Am I seeing things correctly?
We bought 50 shares of Nvdy at 24.44 May 1.. collected that massive div and the shares are up to 28 now. Not sure if I’ll buy more until the Nvda split
Need to buy more $nvdy on ExDate June 6 .... June 7th $ Nvda stock splits ...fyi
@@sicarguy4478 I’m still 50/50 since I will just roll all divs into svol from Nvdy
Once again the small minded dont buy yieldmax funds because of TSLY , YMAX fund is the absolute best dividend/income investment on the market , so far it up 4.5% on nav and pays 44% annual yield !!!!
This. And although it’s only 20 companies but it’s the companies that move the S and P.
MSFO is DOWN 10% in last 60 days - bad investment and no information from YieldMax
One possible way to accept the non-diversification of Yield Max is to limit the percentage it might be in your total portfolio. I'm going to buy YMAX but it will only be 5% max of the total value of my portfolio. I'm 77yo and not interested in anything but income. To each, their own.
What other stocks and etfs do you own for income? I am in early 60s and ready to retire soon. Cheers
Another solid video Alan. Your insights inspire many to consider what's possible when it comes to retiring early with dividends. At the end of the day, we all have to decide how much risk we can tolerate. With the exception of TSLY, I've been very pleased with all my YM and Def funds. The monthly payouts have all tripled and in some cases, more than quadrupled the paper losses for the year. NVDY, CONY and MFSO are currently green on top of DIV yields of 30-100%. I hope we all make big money this year. It's an exciting time as this Bull market charges forward.
You ain't lying .Last year made 7-8k per month .now 23-25 k per month
@@Nicogambino2 You're growing like a beast! My goal is 10k monthly by December - skies the limit!
What do you think of MSTY?
Agreed that almost all (if not all) YieldMax funds appear to focus entirely on income and do not care about NAV erosion and have done (and will continue to do) reverse splits when the price gets too low. When it comes to their diversified ETFs, their two best are OARK (synthetic for ARKK's current 38 stock holding ETF) and ULTY (synthetic for high Implied Volatility stocks with currently 17 different stocks). When the Fed Funds rate eventually starts going down, both ARKK and OARK will go parabolic like ARKK did years ago. ULTY's holdings are a perfect match for YieldMax's strategy. Lastly, for the single stock ETFs, it is nice to get income from stocks that have no/low dividends (TSLY, NVDY, etc), but agreed that in the long run, holding the actual stock is typically way better for total returns.
if nvidia keeps this it for years like 10, nvdy will blow nvidia away because of the power of the dividend. in the last year with the nvdy with dividend return its 1.46% and nvidia is 1.8% not far off from each other.
@@bunkeyscow Agreed. Also, another benefit with the YieldMax funds is that they are on options chains. Personally, I sell put options with strike prices below the current market price so if the price falls, I happily get assigned 100 shares...and if it doesn't fall, I still keep the premium from selling the contract. It's how I fortunately acquired 100 shares of NVDY earlier this year.
@@mlwilliams4407 I have been playing with amc with selling calls and puts. If i lose my shares this week on amc, they can keep my shares. Ill be up 70%. Pot stocks are a great too for cover calls.
I have gained much through Yieldmax Etfs since last year. I admit they can be unstable but regarding TSLY I'd rather be in an unstable 51.31% dividend yield than in a stable 6% yield. Besides, we cannot judge much anything that has not been 10 years in existence yet, and somehow the management is not that idiotic-sounding. I am sure at least one person in those financial management companies is also being careful. Anyway, let's wait and see a little longer. As a stock market investor, I am not primarily for stability or security. Otherwise, I'd be in bonds or money market.
YMAG, NVDY, AMZY and FBY are good bets.
Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash
Great video. Even the ETF manager says these ETFs are not for living off of. Meant as hedge for the main stock and high short term income.
Thanks for your comment. Would you be able to direct me to where you saw the ETF manager statements? Thanks in advance?
Looking forward to your thoughts on the diversified ultra high yielding option ETFs like Defiance and Roundhill.
I would love to hear your opinion on the fund fepi
Doesn't really matter Tsly is actually the worst case scenario after year or two you make back your investment whether or not it went up or down with the release of multiple single stock etfs by YieldMax you sort of create your own "high yield basket" which you can use to reinvest or invest any other dividend funds.
let me ask you a question... if it took you 2 years to make back your money, that means for 2 years you were red.. after 2 years Youa are now break even. its like you did nothing for 2 years... if i have 100000 same as if i was invested in YM, i put that in money market, i get back $14K in 2 years while you broke even..?
@@josephsaeteurn9158 Well don't invest 100k ever into something you don't believe in. If you buy in one of these with 2-3k at it trends down the whole year maybe it wasn't a great idea. (Like $Klip)
But if you invest in say $nvdy which is currently paying 100% that is on top of what you bought.
You like hypotheticals 100% yield on cost means your 100k would be 200k. Minus tax of course. Yes a bit over 10k a month?
Even if your risk tolerance is a lot lower or worried these funds will get slaughtered on a bear market. You could go $clm or $gof and get 16-18%
@@josephsaeteurn9158 at the end you have 14k, and that would be around 18-20% return (which is already insane), while the 10k invested 2 years ago into TSLY (worst case) would be worth 4k. However, you have made 10k in dividends, so also worth 14k overall, except you still have the ~250 shares of TSLY still paying you the high yield. If you DCA, the results are kind of insane even when the “price” is dropping.
@@josephsaeteurn9158two years and he has free shares basicslly he made his money back
Fund can die in 1 year or 10 and it’s all profit
I'm only doing ymax. All of them in one fund
I hope you're hedging your position. You could use CRSH which is Yieldsmax but short on Tesla.
ymag is better stop just looking a distro rates
I personally like ymax better because of the number of funds in it vs just 7. Despite how good those companies are @@DerivCapital
@@DerivCapital What makes it better? Asking for a friend.
@@Sue_D_Nymn all ppl look at is dirsto and diversification is a JOKE else everyone would just buy VT which is every stock in the world lol its like betting on all the number on the roulette wheel its a joke,...YMAG recovers after evry dividend pay out or at least it recovers much much better than Ymax does and you want etfs that recover 50% to 100%+ so you dont experience nav erosion plus you can hedge ymag much easier its almost impossible to hedge ymax and as they add to ymax it will continue to become more impossible to add to it
...the weighting in Ymag is better you get way more NVDY in Ymag than you do in ymax after a crash the first stocks to recover you already know are going to me msft aaple nvda etc the fact tha most ppl investing in yeildmax have no idea wtf they are doing should also tell you ymax is what 2 or 3
times more popular than ymag which says the crowd is dumb dont follow the crowd i can go on but like i said YMAG is better everyone in cony n msty etc yet the best fund they have is AMZY !?!? only recently has a couple ppl started to figure that out but no one was investing in amzy
There's Ymax and its been doung good. I have a large position on it and its been my best decision
I use the proceeds from the yield Max funds to fund my other dividend stocks in my portfolios.... Basically I'm just going to milk the golden calf until it's not the golden calf anymore and I'll go to something else but you can't ignore the profits that you can get focusing on yield Max and just distribute those gains throughout your portfolio❤
Agreed. These funds are really just a catalyst to growing more credible stocks and stable ETFs.
I’d be curious for you to review KURV funds, which try to balance covered call yield while also capturing some upside.
Agreed! Kurv investments have very very high yields and they seem to maintain their NAVs even going up some in value. If you could at some point review these KURV funds that would be great!
Sounds like you just want to be safe and thats ok , but there's nothing there at safe. Yieldmax has changed my life , i no longer need to work 🎉🎉
Do you invest into Roundhill and Defiance ETFs as well?
@@Penelope416 No
Missing out then
Learn to trade them
They're very lucrative
One only needs to chart the underlying to understand when to trade them
I sold NVDY for hugh profit last month you are right
Your way to negative on this one ..let’s brake it down if you want to own yieldmax then buy shares in most of the single stocks and include Ymag and Ymax this for example could be 20 % of your portfolio then reinvest most of the dividends … the x day is a few days from the pay date …hope this helps
too not to, break not brake
Dripped into Tsla over the last year - paying roughly 23k per month… 5 years to go - math says by then it will be over 100k per month… with no further new money…. I’m fine with that… and 3k shares of TSLA…. Doing the same with Cony, Nvdy, Amzy, Msty, and Ymax… Will do over 1mil in dividends per year within 36 months…
Bro you keep using TSLY as your logic on how the funds work, These are not buy and hold ETFs “, you need to be ready to trade out of it, and move to the next one, once the underlying fund meets market resistance, and starts under performing, take your gains and jump back in into another that predictive price movement to the upside, these funds are not diversified assets, hence the huge upside potential in dividend income.
Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator
Yieldsmax are now doing inverse funds. So far they have CRSH for Tesla. You could hedge your position while increasing your dividend rather than shorting and having to pay a dividend on top of interest.
If you get a $1,000 dividend and over the next week or two the share price drops by $4,000 how .much did the dividend help you. It cost you $3,000 out of your pocket.
YMAX pays out well. Always have to change and adapt to the economic changes. It is just as easy to sell and buy as it is to hold and sit on it
I don't think any of these are buy and hold funds though
What about the yieldmax big 7 ETF? Certainly, the big7 aren't going anywhere.
YieldMax ETFs look like YieldTraps
What do you think about ULTY now with a lower price (especially next week) and with new companies in its portfolio (10 different companies I believe).
Wouldn’t adding a small percentage of YMAX be diversification of your portfolio? 🤔
I’ve got to own this-I'm beyond frustrated. I invested $100k at $25 per share in TSLY, thinking it was a solid play. Now, I’m down to $40k, and the dividends haven’t even come close to covering the losses. It’s been the textbook dividend trap for me.
To make it worse, I’m so far underwater that selling doesn’t even feel like an option. My original 6,000 shares have been cut in half to 3,000 because of the reverse split, and the stock is trading at $14 now.
The truth is, the only ones really making money here are YieldMax with their sky-high fees. If no new money flowed into these funds, the whole thing would collapse like a pyramid. It’s a hard lesson, but I’m stuck holding the bag for now.
You need to build a portfolio within a portfolio with these funds. I currently invest only 12% of my portfolio in them and they represent only 7 out of 54 total positions. So the diversity and risk management are there. And I reinvest the dividends and limit the overall exposure by not adding a larger percentage. They are not designed to invest your entire portfolio into.
Only a few YieldMax ETFs are worthy of investment like NVDY, AMZY and MSTY. You're missing out on big gains like MSTY. I recovered the entire investment amount in MSTY and just received 36K dividend this October alone. To date, since MSTY started, I received close to 100k in dividend above my initial investment plus capital gain. This all in my IRA and ROTH.
But do the YieldMax single-stock funds really depend on the performance of its underlying stock performance? Since it’s based on covered calls, it depends on the volatility of the underlying stock - volatility you won’t get nearly as much from an aggregation of stocks. I don’t picture a covered call strategy based on an index or sector having nearly the same yield as an individual stock. Diversity created by baskets creates stability - not ideal for a covered call strategy. JMHO
its a speculation investment... as a very small side project i take 50% of my tsly div and reinvest into tsly and 50% into jepq. if it sh1ts itself its ok..
Im makimg 2400 from yieldmax with cony n msty. Been with both since the inception. Its the ocean and we ride the wave. I panic sold in feb really bad. I recovered since then ❤
these are nothing more than gambling money
I have had a yieldmax and roundhill only portfolio for the last 3 months. It's currently at 22% above cost with an average 91% yield.
I have some XOMO because I think it's the most likely to trade sideways over time. I also have a little bit of CONY but I am constantly eyeballing the exit.
Buying YM just needs a specific strategy. First there are only 7 needed or worth buying. Second buy only on ex date. Third always look for dips, set an alert or set a limit order. Slowly build up your position. It’s not that hard, just takes time. You can collect 50 - 60 percent. NP. Never buy and hold.
I agree! The only Yieldmax fund I like is YMAX because of the reason you mentioned. It's more diverse than the rest of them.
They don't diversify because that would tank the volatility and option premiums they collect. Come on, unstupidify yourself.
How about giax?
Should you invest ymax into your brokerage account or Roth IRA account. Because you will be taxed if you invest it into an individual brokerage account right ?
correct
Do u own FEPI ETF?
Just ymax ! And reinvest the dividend 🎉
You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.
If someone understands YMAX strategy really well, why don’t they run same strategy on their own with hands-on risk management?
I plan on putting $2k into YMAX and then putting the dividends into SCHD and VUG
I am torn. Its certainly tempting to "roll the dice" over the short term in the hopes you can earn enough and then jump out....I think you would need to have a very clear exit strategy. The problem I have been having lately is the so called "long" term safe dividend aristocrats have also been sharply cutting dividends. Things like ATT, Disney, WBA, MMM, Intel, just to name a few are supposed to be "safer" long term plays...Not sure I believe that there is any really safe dividend out there.
There isn't, another problem with those "Safe" dividend companies is that their yields are lower than the real inflation.
Perhaps then consider YMax. As time goes on, they will add more funds, which will get captured under YMax. It’s hard to argue with a 43%?(approx..) yield, and that’s what YMax offers). Best of luck!
YMAX is good to own, just don't make it your ONLY holding. Make it one of your core holdings and surround it with other ETF's that have more stable/consistent yield for your income. JEPI, SVOL, etc
If you look at some of their NAVs, like CONY, you would be in the green due to their consistent dividends. CONY itself has never failed to fall under $1 each.
My Yieldmax positions are up in share price and paying out huge.
it's ok to be part of portfolio but dont go all in!
Ulty owns the under lining stock so whats ur point it will be the best yieldmax
If tsla is $1k what will tsly be ? Dirt cheap right now imo. Use half the divs to buy the underlying or another appreciating asset
One other strategy I’ve seen around the yieldmax funds is to reinvest a certain portion of the distributions back into them to combat the nav and distribution decline over time.
Na share price will drop till stock split. Stock split till dividend cut and overall its a trap
Thank you for adding perspective to the _gold rush_ attitude UA-camrs have for YieldMax ETFs. I've been suspicious of them despite all the hype because there has to be a catch. The catch is NAV erosion. If the ETF drops more than the stock it's based on, then it's not a good performer. Maybe the distributions are ROC (thus tax-deferred) or maybe they're regular income (full tax rate), but there are concerns.
If you think YieldMax ETF’s are bad, wait until you see the performance of SACH
YMAX about the only one worth looking at IMO
And YMAG maybe perhaps CRSH
ecat and bcat recently doubled their divi and yielding %20 annually now. both are well diversified. i have them as backbone of my portfolio. i also protect my tsly position with CRSH. both high divi. i also have XDTE paying me weekly
Hey thank you for sharing Ecat and Bcat, I’m interested. I’m also in XDTE and QDTE and hedge TSLY with CRSH….equal dollar amount, only way to play
I’ll be taking positions in E and B cat Monday!
@@kevinrcaim more invested in crsh than tsly since economic enviorment is poor for a car company. im %55 in crsh and %45 in tsly. i also like gold but i rather have the new yieldmax GDXY goldminers fund and BITO bitcoin fund
Can you please explain how you hedge tsly with crsh? Would this be considered risk free type of thing? Given the fact that has bullish outlook and the other is bearish?
Nothing is “risk free”. I have equal dollar amounts of TSLY, TSLP, and CRSH…..that’s how I play it.
For me, it's all about time horizon. I'm 100% on board with you about the lack of diversification, but I'd willing to give YMAX a go, provided it's a minority position in a larger dividend income or dividend growth portfolio AND the time horizon to retirement is still measured in decades. YMAX, theoretically anyway, avoids the issue of Nvidia not returning 180% every year and interest rates not being at 40 year highs in any given year, because something under the theoretically growing YMAX umbrella would be doing well enough outside of market downturns. But if you held YMAX in retirement, the yield would have to be good time, vacation, splurge a little money in retirement, not monthly obligation money.
What about oark by yieldmax or fepi?
I will say that these options do look good for the strategy I use for my Roth IRA and so I may add these to my spreadsheet to utilize. It's not a buy and hold strat, it looks for recovery opportunities while using dividends to re-invest and take advantage of the Roth's tax free status for that purpose. Given that dividends are a part of the strat along with recovery, looking at TSLA would not have been in my book. But a synthetic covered call that is distributed does open that door through TSLY.
They fact that these track single stocks work because I take on multiple 2% positions to diversify and saftey on the strat, so it tracking a single stock is a bonus and not a determent for me. We'll see how it goes. Thanks for introducing these.
I buy the actual stock mstr and Use that position to buy msty on margin. I use the income to buy more shares of mstr. I keep this going as mstr goes higher.
Agree. Single fund ETFs very risky. YMAG/YMAX more diversified.
Good content. I just heard about Yield Max ETFs today. Insane yield and no security around principal erosion.
A lot of the BDC's and REIT's that pay like 8 percent aren't exactly great investments either. Jay was on a video yesterday saying that the way things are going, CONY will have been out a year this August and will have completely payed itself off if you bought at inception. I know that may not always be the case, but you can't beat that. If I'm going to go for dividend payments I want to go for the best I can to a certain extent. Some of these funds like CONY, ULTY, and MSTY are paying like 5-8 percent per month roughly.
How much % money do they use on cover call? I believe qyld use %100
You can use the income weekly of Ymax to buy safer investments like SCHD and O thats my plan is to to my dividends from Ymax and buy O,SCHD and other safer EFTs . I just to to generate the income to do this which YMAX provides.
Check TSLY now. Also check its latest distribution. They’re both very good.
Defiance does the indexes as well. The share price on them has dipped quite a bit if I remember correctly but IWMY has had crazy payouts.
The "really high" paying BDC's and REIT's pay like 5 to 13 percent or something similar whereas the "low performing" Yieldmax and Defiance funds pay 15 to 20 percent or so roughly so it's worth the risk to me. I want to supercharge my retirement.
Yield Max uses the same covered call strategy as the other funds. Using synthetics allows them to get the same prices movement for lower the cost. I don't think these ETFs are meant for long term holding unless you are long term bullish on the underlying. They are risky being concentrated on one stock but that would be no different than holding the stock it's self.
Well said and I agree!! Amazon, Microsoft, Nvidia (for example), are not going to fade away, and these are the types of YieldMax funds you want to hold, and not just for the short or medium term.
"SWEET! I made $10,000 in income this year!" "Thats excellent!....Heres your tax bill."
I use these in a side portfolio sperate from my core dependable dividend portfolio and treat the income from them as "fun money" - I would say one even better than YMAX is FEPI
I like to take the nvdy dividend and invest it in the double Nvidia ETF to hedge the dividends with growth. I also do that with other yield Max funds. I wouldn't touch tsly but I will buy the ones that are performing amzy, msfo, ndvy Etc
YieldMax ETF's are great for anyone that wants to lose capital quickly. Bought a few MSTY shares out of curiousity last month and shares are down almost 30%, whatever yield it pays will never make it worthwhile.
Are you still alive? You're post is 6 months old. You would have totally recovered by now and more lol
I heard about these from your channel first last year.
How you can live off these Yieldmax funds is when they generate 25x of your monthly bills. By reinvesting the remaining dividends the 25x income will grow. In addition having a rainy day growth portfolio can help to ease the jitters if you're not truly an investor.
Use these to fund the “safer” equities.
Just invest in the safer equities and not take capital losses and be taxed to get there.
@@KO-gj9ug I have no capital loss YMAX MSFO AMZY i SOLD NVDY last month for a hugh profit learn how to play these funds.
@@KO-gj9ug my current HY portfolio is down 13% but my YOC is 60%. Do the math. Beats 12% in the “riskier” Div funds.