$62,681 Portfolio Weekly Recap
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- เผยแพร่เมื่อ 9 ก.พ. 2025
- Instagrm- / thedividendnomad
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I’m a 42 year old American expat that’s been living in China for 14 years. I recently decided that I'd like to retire early abroad and I created this channel to share my journey of investing in high yield income stocks, ETFs, Closed end funds and other methods of creating passive income in order to be able to retire early abroad. I hope that in sharing my journey it may help you in some way achieve your passive income investing goals. Nothing on this channel is meant to be financial advice. This just my own personal retirement journey.
"Disclaimer: The content provided on this financial channel is for informational purposes only. It should not be construed as financial advice, investment recommendations, or endorsement of any specific financial products or services. Viewers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information presented, and we shall not be held liable for any actions taken based on the content herein. Investing involves risk, and past performance is not indicative of future results. Always consider your individual financial situation and risk tolerance before making any investment decisions."
PLTY is on Fire. I was hesitant but got 600 shares at $65 and its up to $85.60 atm. Less than a month and gained $12k in capital appreciation and that doesn't include one distribution of $1800. This could turn out to be a good anchor fund. Palantir seems to be a strong underlying stock.
Man, I missed that!!
@@easydoes-k9f Yeah, i was hesitant because it started out at $50 bucks, that would have been insane growth for an Income Fund lol.
Are you going to sell and take profit?
Are you going to sell and take profit?
@jonathan16183 No, its an income fund and its paying $3 -$4 a share each month. Will just collect the disbursement and wait for it to drop below my cost average to puck up more. Want to get to 1k shares.
I hear you on MSTY, and i used the limit feature to buy another 10k of MSTY at $25.99 when it was dropping
That's a good price
I'm getting around the capital depletion by buying 5 shares of SCHG each week. It plays a tiny dividend but dominates the S&P and is diversified. Also if NVDY crashes, when it hits close to the bottom I start buying NVDX (NVDA 2x etf) to ride it back up. I play it safe and every time it's up 10% I take profit.
Once I start getting more income I may also start buying something more stable but I need more income first.
Welcome back brother!! Glad you enjoyed your vacation.
Thanks 🙏
Welcome home, John. It might be worth another look at ULTY. I know you bought at inception and recently sold because of overall performance. BUT...they changed their strategy last October, and it seems to be working. I bought $525 worth on Dec. 13 (baby portfolio still), and the dividends returned in January and February equal 12.5% of what I invested. Currently on DRIP, and if it falls below $5/share they'll have to do a reverse split...but so far doing well based on when I bought.
I'll keep you posted as time goes on; may yet lose my shirt.
I don’t have any major issues with ULTY but I do have CONY that pays the same week so I decided to ULTY and wait for better price on something that performs better. It may find a spot in my portfolio again in the future just not right now.
Thanks for your time.
You can live off yield max but you will need to reinvest a portion of it. Maybe use 50% to put back into the funds and live off the other 50%.
If I could only invest in one covered call ETF, it woild be XDTE. It is also 100% return of capital for 2024. Yield Max's funds are not even close to being that tax efficient. I still have YM funds, but Roundhill and Kurv are killing it on taxes.
I’m starting to worry about YMAG now too.
mag 7 had a rough spell with nvdy getting beat up. TBH not a fan of aply either. Apple has been struggling to come up with something new and innovative.
Nomad, get some amzp, the price dropped last week. Time to buy.
CONY and NVDY I have it paying me cash and holding off on investing more for now. Still planning to buy MSTY and some more weeklies. Also going to pull some cash out to pay a few bills off. Yieldmax started a 0DTE 500 fund now SDTY, I have 6 XDTE and 6 SDTY to start both are weeklies as well. I have 500 QDTE and 443 RDTE building the RDTE to 500 shares before adding more to XDTE with the distributions from QDTE and RDTE.
Yeah. I’ve been holding off on investing in most things right now. The market has been pretty bumpy so I’ve just kinda been trying to watch and wait patiently.
I hear of people living off YieldMax dividends reinvesting half than spending the rest
My guess (not a fact ) is that you’d need to reinvest something like 70- 80% for trying to live off yieldmax funds. Just my thoughts but for example if you need $5,000 a month to live probably better make $20,000 a month (5k live, 2.5 tax , 12.5 reinvest )
I have this question.If you include taxes for the dividends are you still up?Because if your total returns are 4% for example includind dividends you could actually be down if you didnt take taxes into comsideration
I don’t know about taxes yet. As an expat I don’t file taxes until October 2025 for the 2024 tax year.
@@TheDividendNomad Oh ok!
I may be wrong, but the portion of the ROC distribution will likely reduce the cost basis. Selling out of the YM funds, at least in the short term (Cony has ROC 45.58% Oct. 2024) might
impact your tax negatively.
Good info John. Don't tap that magin yet. Just like lifting weights,,,,,,,,,,sometimes you gotta get stronger before you add more weight,
Yeah exactly. I’m holding off on that and honestly I may never use it. I’ll just wait and see if there is a right time for me to use it or not.
I sold YMAG. That 3 week dividend sucks.
Yeah that low week is usually like .05- .06 but it has less erosion and pretty stable and for the month it’s usually around 0.60 or so.
How can u live in China and have a brokerage account with schwab?
Don't they ask for your residential address when u open an account?
Or how does that work?
Well, as a USA citizen I’m allowed to have USA investments. I have income in USA from other sources and pay tax there. I have book sales , TH-cam revenue and some other income from some business I do there in America.
Schwab supports Chinese people using a Chinese address to open an account, and foreigners living in China should also be able to use a Chinese residential address.
If you want to live off dividends and have that stability, you will need much more capital.
Yes for sure. Have to build up some more but I haven’t made the move yet or deployed my cash into this account as I’m not 100% sure how I want to approach it. So I’m being very cautious and conservative for now.
Take a look of qdte,svol and fepi
Buy more msty using margin
Are you using margin ? I prefer to stay debt free for now.
@TheDividendNomad MSTY is the champ but yeah I prefer using no debt as well. Maybe sell other stocks you aren't sure of and use the $ for MSTY if you want.
John staying dept free is the way to go
Cony nav erosion too bad
In order to live off of your max dividends, you need to double up. That way you can still reinvest half some of the funds like amzy , fby , nfly are livable
I’d say 3x what you need to live. 1/3 live 1/3 tax 1/3 reinvest