Been with CONY all 2024, it's linked to crypto so the NAV moves like crazy regardless of its high dividend. I moved to both, YMAX and YMAG because I noticed the NAV tends to recover. My portfolio has 500 shares of YMAX and 500 shares of YMAG, both average 30 - 32 cents a week so $300+, I do have it on my individual account so I do reduce 22% for taxes, so it's about $250 a week. My goal for those funds is to cover the monthly utilities, as long as I keep $800 - $900 every month, it will keep me happy as I can afford to work a less stressful 40hr a week job rather than a 55hr miserable factory job.
Thats crazy! I like that a lot. I've had fun trying to get enough dividends to cover bills like my car payment and such. YMAG and YMAX are going to be bigger roles in my portfolio. I had CONY as well but the NAV erosion was just too much.
I have YMAX, but only have 200 shares. Most of my money is in BITO, NVDY, MSTY, BITX, BETH, EETH, ULTY, CONY. HOLDING 20,000 between these. But would like to build it up over 1000 shares. Keep up the good work. 👍👌
@Yieldmax4Life I have thought about this so much but my proble is all of these funds have different NAV erosion at different points in time! I debated adding it on CONY but then the NAV tripled in about a month! It's constantly changing and so I like for people to look it up independently rather than give them faulty information
I bought CONY 15 months ago and put in $2200 now worth over $5000 not putting any more money in I can sell my original investment now and let the rest ride
I don't see how any of these keep up these returns. Everyone would just put 100,000 and retire. If i knew it wouldn't erode all my capital away I'd move all my money into it and retire tomorrow.
Thats the point of my series where I invest into each of these funds and track the results. YMAX has been looking good recently, but it doesn't seem possible to keep a yield that high for long!
@@SpencerInvests Thanks for replying, but I saw the price is at $13 from my platform Moomoo at 01/17/2024 which is different from yours at 01/17/2024, but idk why is that
Correct! I went back through the video to catch on. The videos drip calculator uses the unadjusted prices which I like better. The MooMoo adjusted prices don't make as much sense to me. The normal chart when you find it on Google matches the drip calculator, so that's likely where they are pulling their data from!
I've seen this one go up 20% and down 20% so including pirce appreciation wouldn't make much sense to me. At different points in the market it changes so I'm trying to keep it as consistent as I can!
@@ShirleyHuang-x7h I'm not sure what hedge funds own it or the institutional ownership. Some data is very difficult to find for these because they are newer funds!
your Dividend Tax Rate was set at 0% (which is the rate for an income of less than $44,625). If your Dividend income increases past this number, wouldnt your tax rate increase to 15%, and ultimately 20% (over $429,300)? How does that change your returns? Good info so far
Very good point. I invest primarily in a Roth IRA which is tax exempt since I'm investing with pre-taxed money. Taxes would take a huge chunk of the money from the account because dividends are taxed as income and overall gain would be much less unfortunately! Thanks for commenting!
These etf are not qualified dividend payment. You pay tax no matter what. Only qualified dividend can exempt from tax if you are under the number you said.
@@nightdonutstudio this is true except for a Roth IRA. I don't pay any taxes because all invested money is already taxed. Even these short term dividends are tax free in that account.
I've come up with this for a $10k investment without dividends reinvested and considering NAV erosion when projecting the current trend. Looks like a terrible investment to me. Over the 10-year projection: • Total Dividends Earned: $7,731.49 • Final Investment Value: $4,258.80
The main reason I don't think this will be the case, is the chanfe to weekly dividends. The NAV has been significantly better since switching to weekly payments. Initially I didn't like these funds because of the NAV dropping, but since I've purchased it (after going weekly) it's don't nothing but go up and pay out some insane dividends!
Been with CONY all 2024, it's linked to crypto so the NAV moves like crazy regardless of its high dividend. I moved to both, YMAX and YMAG because I noticed the NAV tends to recover. My portfolio has 500 shares of YMAX and 500 shares of YMAG, both average 30 - 32 cents a week so $300+, I do have it on my individual account so I do reduce 22% for taxes, so it's about $250 a week. My goal for those funds is to cover the monthly utilities, as long as I keep $800 - $900 every month, it will keep me happy as I can afford to work a less stressful 40hr a week job rather than a 55hr miserable factory job.
Thats crazy! I like that a lot. I've had fun trying to get enough dividends to cover bills like my car payment and such. YMAG and YMAX are going to be bigger roles in my portfolio. I had CONY as well but the NAV erosion was just too much.
have you checked if they will fall into qualifying status if holding over 60 days?
I have YMAX, but only have 200 shares. Most of my money is in BITO, NVDY, MSTY, BITX, BETH, EETH, ULTY, CONY. HOLDING 20,000 between these. But would like to build it up over 1000 shares. Keep up the good work. 👍👌
Thank you Chuck! I'll check these out. I've heard of most of them! You keep working too brother 👌
I’ve got my eye on MSTY.Anymore pullbacks in that one and I’m buying.
@@SpencerInvests thank you. 👍🌟
Bruh that is a clown ass portfolio....
Buying YMAX every week.
I bought some last week and I'm super happy with it!
I just bought 50 shares of YMAX
Congrats! I need to buy more. Let me know how it goes James!
You should always add a %of nav decline to get more accurate. Great video I may drip now haha 🤣
@Yieldmax4Life I have thought about this so much but my proble is all of these funds have different NAV erosion at different points in time! I debated adding it on CONY but then the NAV tripled in about a month! It's constantly changing and so I like for people to look it up independently rather than give them faulty information
I bought CONY 15 months ago and put in $2200 now worth over $5000 not putting any more money in I can sell my original investment now and let the rest ride
Thats amazing. I wish I had gotten into more of these before the hype! I'm so curious how they will perform in 2025
Ymax for the win!
Its been dominating recently! Love to see it!
Does anyone know which broker in Europe offers this Ymax ETFs?
charles schwab
I don't see how any of these keep up these returns. Everyone would just put 100,000 and retire. If i knew it wouldn't erode all my capital away I'd move all my money into it and retire tomorrow.
Thats the point of my series where I invest into each of these funds and track the results. YMAX has been looking good recently, but it doesn't seem possible to keep a yield that high for long!
@SpencerInvests it would be nice.
The "what ifs" are huge.
Exactly. SO many factors with this one due to the little trading history!
why the start price is at $19.90?? should it be something like $13 at 01/17/2024?
For YMAX the price was from the day the video was made! I believe for this it was around $17 at the time of filming.
@@SpencerInvests Thanks for replying, but I saw the price is at $13 from my platform Moomoo at 01/17/2024 which is different from yours at 01/17/2024, but idk why is that
@@SpencerInvests i know why now, the YMAX data you have are the unadjusted price after split or merge, the price chart I saw from moomoo was adjusted
@@SpencerInvests which means the calculation from that website is wrong, it uses the unadjusted stock price for the calculation?
Correct! I went back through the video to catch on. The videos drip calculator uses the unadjusted prices which I like better. The MooMoo adjusted prices don't make as much sense to me. The normal chart when you find it on Google matches the drip calculator, so that's likely where they are pulling their data from!
Share price appreciation should be -8% to -20% just to get a more accurate number
I've seen this one go up 20% and down 20% so including pirce appreciation wouldn't make much sense to me. At different points in the market it changes so I'm trying to keep it as consistent as I can!
I have made 116,000 this year in Dividends with NVDY this year and my unrealized loss is 20,000
Thats crazy! Very very impressive and definitely worth it in my opinion!
Put about 22k letting it drip. Let’s see what happens in 5 years
@bringitonloser12 if I had that capital I'd be pumped! Let's hope it keeps this crazy run up!
Bro. Keep investing simple. Don’t over think it. MSTY is literally all you need. Forget about everything else!!! 👍👍
I can't buy just one thing! I'm a diversity guy through and through. Just MSTY would make my stomach hurt haha
Better to do YMAX more diversified instead of the single stock ones like MSTY in my opinion.
I sticked to the yieldmax that covers the top tech stocks like microsoft and google. I’ll add some tsly but i dont like the volatility.
@JakeSlaughterr yeah YMAG is a good idea in my opinion! I need to own a little more. So far they have been performing really well too!
First and video starts at 0:00
thanks for sharing！what is the hedge of this one，25%or 50%？ Didnt hear you mention it.
@@ShirleyHuang-x7h I'm not sure what hedge funds own it or the institutional ownership. Some data is very difficult to find for these because they are newer funds!
your Dividend Tax Rate was set at 0% (which is the rate for an income of less than $44,625). If your Dividend income increases past this number, wouldnt your tax rate increase to 15%, and ultimately 20% (over $429,300)? How does that change your returns?
Good info so far
Very good point. I invest primarily in a Roth IRA which is tax exempt since I'm investing with pre-taxed money. Taxes would take a huge chunk of the money from the account because dividends are taxed as income and overall gain would be much less unfortunately! Thanks for commenting!
These etf are not qualified dividend payment. You pay tax no matter what. Only qualified dividend can exempt from tax if you are under the number you said.
@@nightdonutstudio this is true except for a Roth IRA. I don't pay any taxes because all invested money is already taxed. Even these short term dividends are tax free in that account.
I've come up with this for a $10k investment without dividends reinvested and considering NAV erosion when projecting the current trend. Looks like a terrible investment to me.
Over the 10-year projection:
• Total Dividends Earned: $7,731.49
• Final Investment Value: $4,258.80
The main reason I don't think this will be the case, is the chanfe to weekly dividends. The NAV has been significantly better since switching to weekly payments. Initially I didn't like these funds because of the NAV dropping, but since I've purchased it (after going weekly) it's don't nothing but go up and pay out some insane dividends!
with the limited upside, what causes the covered call etf to rise? will the value drop be below zero? means that we lost more then we put in?
The premiums can, more money going into the fund, the underlying fund doing well, and a few other things can help it rise!
Why you are using 22,16% as Initial Annual Dividend Yield? Was not supposed to be 66% or so?
22% was the total annual return so far, the calculated yield i did is since it's gone to weekly dividends!
Do you get the 62 pourcents dividend weekly?
This one does pay weekly, yes! It's dividend has been ranging around .15 to .20 the last few weeks.
How do you get into these type of investments? I would like more info please 👍
If you trade on most brokers you can buy them! I would check out their website for more details.
Steady as she (blows) go's 😂😂😂❤💰💰💰👍👍
😂😂
U "What About The NAV" boys should stay where you are. Yieldmax doesn't want U.
Anyone not talking about the NAV erosion risk with any ETF shouldn't be investing.
NAV matters.
SUB UNLOCKED
Great info, young man.
@@madtiger111 glad to have you here!! Thanks for commenting!
YMAX = Y not!!
Thats how I'm feeling!!
Ymax could nav erosion you to $0
Technically anything could erode, but so far the NAV has been fine and it's been positive with its returns!
So exactly where is your proof ymax will go to zero?
@@shaneomack5018 historical data is downturn, where is the end point of thus trend?
Another example of talking out of
Your ass.
Don't even bother to answer this dumb 🙄