I understand FIAT is not a perfect hedge. As a matter of fact it is even explicitly said in the prospective that it is not. Since if it drops beyond the put strikes both fiat and cony can go down. I have done a 50:50 cony:fiat and sell off cony if above my allocation and buy fiat effectively lowering my cost basis for fiat and vice versa. I have kept my overall NAV stable and then some granted I have only been in these positions for about a week and I applied the dividends to make my positions whole. Not financial advice just what i have seen. I am aware of drastic changes. Also what are your thoughts of other yieldmax assets how the fund managers are running the options or is it only cony?
I think COIN will go up in the next few months (but that depends on BTC) ... I don't think CONY will recover much because of how tight their weekly strikes are, even if COIN goes to $250 or $280 ... CONY will be limited by the weeklies. I really hope the start to sell further out the money ... This week looks pretty safe so far, as COIN right now is like $193... but at any moment it can spike to $220, and then oops... CONY loses on most positions :( Time will tell, but I hope they get more lucky ... hopefully COIN closes this week at $202 and then all our trikes are out-the-money, and they can sell next batch of weeklies at $215-225 PS - I am not touching FIAT, DIPS, CRSH ...
Yeah, I'm not buying anymore yieldmax until they solve their nav erosion problem. I sold all a few weeks ago before the big crash (great decision!) except for CONY, FIAT, NVDY, DIPS. I like the combo thing. It's not a perfect hedge, but it's working out somewhat well. Bought in more to QDTE, XDTE, SPYT.
@@dripcalc Yeah I just mean unless they adjust their strategy to stop the funds from losing so much value. Honestly, if you have a retirement account and are just reinvesting 100% then who cares, but if you're living on the dividends it matters.
My guy, the yield on most of the funds is an excess of 40%... There's no fixing unless the underlying stock is going bonkers. These are designed to provide income, hence the aggressive approach. If you cannot stomach that then most likely income funds are not for you. Income...
@@spooler24 nobody is complaining here. I was fully aware what would happen in a market correction which is why I sold all 3 weeks ago. But it’s becoming apparent this is going to be a bigger issue than most of us were expecting.
I mean stock market it self just a had a rough hit but I think the yieldmax management could do a better job with these covered calls or they need to be replaced by those you are better at trading these. Sometimes just doesn't make sense what they do. If they keep doing crappy calls even when stocks itself are doing fine I will probably be out as well on these.
remember.. its humans doing the trading. and the stockmarket is anything but logical.. saying this in high fear market telling yieldmax sucks is a bit off.. rought seas are difficult to navigate
No... If you watched 2nd part of the video - i said i will invest is high conviction growth stocks (like PLTR & HOOD, etc) and sell covered calls, yielding on par with Yieldmax, but with less tisk and preserving NAV
I understand FIAT is not a perfect hedge. As a matter of fact it is even explicitly said in the prospective that it is not. Since if it drops beyond the put strikes both fiat and cony can go down. I have done a 50:50 cony:fiat and sell off cony if above my allocation and buy fiat effectively lowering my cost basis for fiat and vice versa. I have kept my overall NAV stable and then some granted I have only been in these positions for about a week and I applied the dividends to make my positions whole. Not financial advice just what i have seen. I am aware of drastic changes. Also what are your thoughts of other yieldmax assets how the fund managers are running the options or is it only cony?
I think COIN will go up in the next few months (but that depends on BTC) ... I don't think CONY will recover much because of how tight their weekly strikes are, even if COIN goes to $250 or $280 ... CONY will be limited by the weeklies. I really hope the start to sell further out the money ...
This week looks pretty safe so far, as COIN right now is like $193... but at any moment it can spike to $220, and then oops... CONY loses on most positions :(
Time will tell, but I hope they get more lucky ... hopefully COIN closes this week at $202 and then all our trikes are out-the-money, and they can sell next batch of weeklies at $215-225
PS - I am not touching FIAT, DIPS, CRSH ...
You have a good point. As an option trader I would not do many of those trades.
Yeah, I'm not buying anymore yieldmax until they solve their nav erosion problem. I sold all a few weeks ago before the big crash (great decision!) except for CONY, FIAT, NVDY, DIPS. I like the combo thing. It's not a perfect hedge, but it's working out somewhat well. Bought in more to QDTE, XDTE, SPYT.
Im not sure they can "solve" NAV erosion... They sell calls on very volatile stocks... And often get pretty "unlucky" with synthetic positions
@@dripcalc Yeah I just mean unless they adjust their strategy to stop the funds from losing so much value. Honestly, if you have a retirement account and are just reinvesting 100% then who cares, but if you're living on the dividends it matters.
My guy, the yield on most of the funds is an excess of 40%... There's no fixing unless the underlying stock is going bonkers. These are designed to provide income, hence the aggressive approach. If you cannot stomach that then most likely income funds are not for you. Income...
@@spooler24 nobody is complaining here. I was fully aware what would happen in a market correction which is why I sold all 3 weeks ago. But it’s becoming apparent this is going to be a bigger issue than most of us were expecting.
lol these funds are designed for suckers, you're just slowly bleeding to zero especially if you use the "dividend" as income for your expenses
I mean stock market it self just a had a rough hit but I think the yieldmax management could do a better job with these covered calls or they need to be replaced by those you are better at trading these. Sometimes just doesn't make sense what they do. If they keep doing crappy calls even when stocks itself are doing fine I will probably be out as well on these.
remember.. its humans doing the trading. and the stockmarket is anything but logical.. saying this in high fear market telling yieldmax sucks is a bit off.. rought seas are difficult to navigate
I didn't say yieldmax sucks... I just don't think the management takes too much risk unnecessarily
Sold them all this morning.
Well im not selling mine as i said in the video... Just not buying more and not reinvesting dividends
Never sell your money tree , as long as theres a dividend your still good
Mind as well just buy an etf like TDVI with a good distribution 7-8% but have a great price appreciation
No... If you watched 2nd part of the video - i said i will invest is high conviction growth stocks (like PLTR & HOOD, etc) and sell covered calls, yielding on par with Yieldmax, but with less tisk and preserving NAV
This is the same reason I am selling all of my yield max funds tomorrow 8/12/24 also
Im not giving investment advice... But for myself - im not selling now .. only if i get a great price, will i slowly sell out of it
@@dripcalc I hope that you at least get your capital back
Hahaha lemme guess…the reverse stock splits 😂
Coming to theaters near you 😀
load up on popcorn 🍿