abram97 said:

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Eliminatus said:

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techno-ag said:

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And ULTY hits $1.3 billion. It is rocking. This guy has an entire Substack devoted to ULTY. Interesting reading. Lots of charts and graphs.

https://theboldux.substack.com/

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I'm cautiously very excited about ULTY. The prospectus and the actions taken to date show it simply works and works damn well so far. More so than most of the more legacy single underlying funds. Performance to be determined long term of course is yet to be seen.

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What do you think of MSTY? I do think the payouts are even better - becoming less but it beats all the other income models.

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I'm in both. MSTY has had a great run as MSTR and Bitcoin have had a great run. But, MSTY only plays options on MSTR. ULTY holds 15-30 different stocks at any given time and has the freedom to dump poor performers and pick up new ones. Likewise, if something tanks, their entire NAV presumably won't tank with it. Thus, from a diversity standpoint I think ULTY is the better buy right now. However, I do own MSTY also. And SMCY.

Eliminatus said:

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techno-ag said:

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And ULTY hits $1.3 billion. It is rocking. This guy has an entire Substack devoted to ULTY. Interesting reading. Lots of charts and graphs.

https://theboldux.substack.com/

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Performance to be determined long term of course is yet to be seen.

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This is true. Everyone is waiting to see what happens to it in a bear market. A lot of folks appear to have limits set to bail out in case of a sudden drop. In the meantime though, we're happy to collect that distribution. It was a hair over ten cents/share on Friday.

I've been buying ETHA with the speculation it'll produce dividends. If/when I think it'll be a top tier dividend etf hold.

abram97 said:

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Eliminatus said:

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techno-ag said:

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And ULTY hits $1.3 billion. It is rocking. This guy has an entire Substack devoted to ULTY. Interesting reading. Lots of charts and graphs.

https://theboldux.substack.com/

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I'm cautiously very excited about ULTY. The prospectus and the actions taken to date show it simply works and works damn well so far. More so than most of the more legacy single underlying funds. Performance to be determined long term of course is yet to be seen.

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What do you think of MSTY? I do think the payouts are even better - becoming less but it beats all the other income models.

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I started dabbling in YM funds last fall not thinking too hard into them. I fully recognized how they worked and risks involved. Still do. Fully cognizant most are riding the BTC high (I am MSTY heavy) and the recent bull run, dangers of NAV decay, and a sustained bear market. Not to mention these are not long term funds in the main.

That being said, it is hard for me to not dump more and more into it. I feel like I am playing it pretty conservatively still and per last payouts, this has essentially replaced my frantic job searching since I got laid off over a year ago. Still looking of course, but now I have room to breathe and damn is that such a luxury. Hell, by end of year if nothing drastic changes in the markets, my annual distributions will likely exceed my expected annual compensation if and when I do land a job. Especially if I let ULTY take charge from here on out which I fully plan to do. Two August payouts for MSTY will be very nice in that regard. Though that would offset my plan to go netfree on MSTY ASAP. But I am close regardless.

techno-ag said:

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Eliminatus said:

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techno-ag said:

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And ULTY hits $1.3 billion. It is rocking. This guy has an entire Substack devoted to ULTY. Interesting reading. Lots of charts and graphs.

https://theboldux.substack.com/

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Performance to be determined long term of course is yet to be seen.

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This is true. Everyone is waiting to see what happens to it in a bear market. A lot of folks appear to have limits set to bail out in case of a sudden drop. In the meantime though, we're happy to collect that distribution. It was a hair over ten cents/share on Friday.

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Agreed. I am not "chugging the koolaid" per se, but I kind of want to, to be honest. For this particular point in my life, YM has been amazing. Now, I just need to make sure I start building an offramp of sorts. I went in just tossing the dice on black and it worked out so far. By year end, I really need to figure out how to consolidate it so if and when the market poops itself, I won't follow in its footsteps. Napkin plan as of now.

Steps:

• Buy YM funds
• Reinvest distributions
• ???
• Profit now
• ???
• Profit longterm
• Shoot guns and git beeches, forever

Personally I think I'll diversify some distributions into UNG. Gas is cyclical and cheap rn during the summer. Other long term ideas are SGOV, SCHP, and maybe something like RSSX or GDX.

I tried SCHD for the last month and sold this morning. It was outperformed by others on my watchlist

It's struggled but I'm keeping mind. It's a bit of a hedge vs a mag 7 collapse in my mind

Yukon Cornelius said:

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It's struggled but I'm keeping mind. It's a bit of a hedge vs a mag 7 collapse in my mind

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Emirates?

I only had a $1G in it. I figured that money was better placed in my Roth.

I have done as much reading as I can find available on the YieldMax ETFs. I am looking at ULTY due to the diversification. The only thing giving me pause is that this truly sounds too good to be true. I've tried to figure out what I'm missing besides the obvious risk of NAV decay especially in a bear market. If this thing can hold, I'll be holding $0 cost basis shares in 62 weeks (at $6.20 get-in). NAV decay will win in the end, right?

Any thoughts on bito? Ex div date tomorow

98PercenterAg said:

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I have done as much reading as I can find available on the YieldMax ETFs. I am looking at ULTY due to the diversification. The only thing giving me pause is that this truly sounds too good to be true. I've tried to figure out what I'm missing besides the obvious risk of NAV decay especially in a bear market. If this thing can hold, I'll be holding $0 cost basis shares in 62 weeks (at $6.20 get-in). NAV decay will win in the end, right?

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I've DCA'd in the $6 range for a few months now. No regrets so far. If I lose everything I'll survive. I'm throwing in additional funds that would have gone elsewhere but this seems a more productive use of the money. The Lord has blessed and things seems to be working out so far with ULTY.

What you see on Reddit is people taking out HELOCs or big unsecured loans and dropping it in there. That's a bad idea with any one stock IMO.

PDI, pays monthly, currently around 13.8.... especially attractive to accumulate on any dips, yw!

Any opinions on QQQI and ISPY

98PercenterAg said:

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I have done as much reading as I can find available on the YieldMax ETFs. I am looking at ULTY due to the diversification. The only thing giving me pause is that this truly sounds too good to be true. I've tried to figure out what I'm missing besides the obvious risk of NAV decay especially in a bear market. If this thing can hold, I'll be holding $0 cost basis shares in 62 weeks (at $6.20 get-in). NAV decay will win in the end, right?

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After putting about 75k in 4 of them 4Q of last year and dripping each month since, I'm beginning to realize that. msty, cony, nvdy, tsly.

I am pretty happy with $CLM & $CRF. Sure they don't pay as much as $ULTY, which a I also have, but have been really regular.

Way better than any HYSA out there right now.

Also have a very few shares in YMAG & YMAX, but will try and add a bit as I can DCA into them. I have some GTC orders in Fidelity hoping for a little bit lower cost, since I have nowhere close to 100 shares in any of them.

$FEPI has been good to me so far as well, ~25% yield

Of course I have some dogs like $RC, $PSEC, $IVR that are down 30-50+%. Oh well, I can always sell them at a loss to counter some of my short term CG's.

Just remember, these YieldMax and equivalent funds are not regular investments. In an IRA, they should be compared to other holdings in terms of total return (cash-on-cash), not capital gain/loss or income. They're not better or worse, just different. For after-tax funds, I'd avoid them, unless you are looking for something that returns income to you quickly, despite longer-term decay.

When I buy one of these, I've been pairing it with medium-term puts as a hedge. This is somewhat helpful psychologically, but I use it due to none of them having much of a track record.

I wonder what the a back dated test would like if you took the dividends from these yieldmax and bought corresponding puts with the money.

Looking at these Ymaxes the principal on them have been brutalized.

Yukon Cornelius said:

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I wonder what the a back dated test would like if you took the dividends from these yieldmax and bought corresponding puts with the money.

Looking at these Ymaxes the principal on them have been brutalized.

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Efficient markets theory would say that's priced in to the puts you buy, but I believe it's also too early for the market to price the risk/volatility/decay accurately. To make matters worse, it differs quite a bit by underlying security, I'd imagine. You can't easily and mathematically generalize Yieldmax funds on XOM or NVDY or AAPL, for example. I did have early success (good risk/return tradeoff) on puts on TSLY and NVDY, but less so on AMZY and ULTY.

Makes sense

Are you still happy with these two?

PDI
FSCO