I have 4,000 shares as well of ULTY and 3,000 of YMAX. I used to be in defiance QQQY and in Cornerstone CLM/CRF. Until I got burned a few days ago by those wild few days. My strategy is income driven and some margin and I’m with IBKR (25% maintenance) trying to drip since the October prospectus change has me feeling good about both positions
I think ULTY is an important point to my high-yield dividend portfolio. I am able to buy two shares for the price of one on most the other funds and with all of these ETFs, just make sure your red distribution happens as close to the bottom as possible after a payout.
I mean you're half correct on the drip "math is math" thing, the important part is reinvesting. I'd prefer to reinvest based on value at the time of payment and that's not always the asset that paid. If it is the asset that paid, cool, but turning off drip gives you the flexibility to review your positions and your watch list and choose where to reinvest the payment. Another viable strategy is the "pay it forward" reinvesting strategy. Like say you get paid from group b, use those dividends to boost group c, then just cycle through the groups packing that snowball a little faster. In the long run as long as you're reinvesting you're winning
Yes, I didn't mean drip only into that specific stock. Drip in my head means reinvest, but I didn't clarify that well! Sometimes higher yields are risky and the dividends can be used to build safer positions, similar to how you said. I more so meant for people not to pull the dividends out of their accounts and spend them. Drip is king in my book!
@@SpencerInvests see "drip" is an acronym for "dividend reinvestment program" and it refers to the brokerage automatically reinvesting the dividends back into the asset that paid them. So when people say "drip all your dividends" it has a very specific meaning and instruction 🤷♀️
I just bought 10k of ULTY yesterday, in my IRA, but I'm not going to add to it. My plan is to just use the distributions every month to buy SPYT. I just feel more comfortable with SPYT in the long-run.
I may be mistaken, but I believe that Yieldmax funds now all pay every 4weeks, not monthly, so they will each make 13 payments annually, which alters the yield a bit
I own ULTY 1550 shares and just bought 100 more today 12/12/2024 my cost is now 10.41 and if it continues to pay the ,7092 X13 it will pay out 9.2196 so still about 88.56 %. And drip only works if it gets the lowest price otherwise it will be off slightly.
thanks for the video, in my opinion with these yieldmax etf they are only worth buying when they are beaten down as it is now at $10, and it is paying over $.70 dividend and you DRIP , that way you will get ROI in 0NE YEAR, from then one it is house money
I have 4,000 of ULTY. Will buy more. The stocks in it all have good levels of volitility which is really important when doing covered calls. The change they made has stabilized the nav at around $10. It drops by the distribution amount on ex-dividend date and recuperates by the next one for the last 4-5 distributions. Not investment advice. Not a financial advisor. Just some schmuck making $12-$15k per month in distributions with high yield funds. Most of my holdings are also up in nav due to the time when I bought in. Currently the only one that is below my buy in price in NVDY (which most people think of as so very stable) and FIAT (which is absolutely killing my overall return rate - I will never buy an inverse again).
The inverse are scary to me! I don't like to invest in them just because I suck at predicting the market. I also don't know if we will see invidia fall enough quickly enough for that to be a good choice. The YM funds scary me quote a bit with the volatility and NAV erosion! My full video on them was very eye opened though.
One of the best features also with the latest prospectus changes is that they now have a hedge put on each holding so you can see today on a down day it’s only down in line with the indexes.
Thanks for the breakdown! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
I’m so on the fence about this etf.. so much volatility and it’s still struggling to regain nav after the distribution drop.. for now it’s a pass and I’ll just DCA heavily into YMAX
If it splits I'd be bummed, but TSLY split and has done pretty well recently. If this price action remains around the $10 I don't think they'd have much of a reason to split.
To understand how these funds work, Learn how to trade options. Do some covered calls on a popular stock like Tesla. You'll see how you can make very good money, however trading options you have to be skilled at options. That's why they charge 1 to 1.2 percent fees. For the comfort of letting a professional make the calls. Options, that's how they can make so much money.
Most have erosion , the ones that dont will at some point. The dividends will get cut . With ROC , half is taxed you will do well for 1-2 years for early investors as long as they drip. The bear will wreck people. Covered calls never beat the underlying assets. I have been in the best performer MSTY since inception. Its up like 170% microstrategies is up 400% With taxes ill make about 68% But its house money for me so ill milk it
![ILLSLICK X YOUNGOHM - We're The same [Official Video]](http://i.ytimg.com/vi/yUJNkobYR0E/mqdefault.jpg)
I have 4,000 shares as well of ULTY and 3,000 of YMAX.
I used to be in defiance QQQY and in Cornerstone CLM/CRF. Until I got burned a few days ago by those wild few days.
My strategy is income driven and some margin and I’m with IBKR (25% maintenance) trying to drip since the October prospectus change has me feeling good about both positions
IBKR is one I'll look into! I'm not familiar with it at all. I like your strategy though!
Ymax has been so damn solid.
Woo hoo..... I do have 1000 sh of ULTY...my cost basis is $10.00. thank you Spencer
I think ULTY is an important point to my high-yield dividend portfolio. I am able to buy two shares for the price of one on most the other funds and with all of these ETFs, just make sure your red distribution happens as close to the bottom as possible after a payout.
Good point!! I love seeing the same pattern in these charts, because it makes choosing when to buy much simpler!
I mean you're half correct on the drip "math is math" thing, the important part is reinvesting. I'd prefer to reinvest based on value at the time of payment and that's not always the asset that paid. If it is the asset that paid, cool, but turning off drip gives you the flexibility to review your positions and your watch list and choose where to reinvest the payment.
Another viable strategy is the "pay it forward" reinvesting strategy. Like say you get paid from group b, use those dividends to boost group c, then just cycle through the groups packing that snowball a little faster.
In the long run as long as you're reinvesting you're winning
Yes, I didn't mean drip only into that specific stock. Drip in my head means reinvest, but I didn't clarify that well! Sometimes higher yields are risky and the dividends can be used to build safer positions, similar to how you said. I more so meant for people not to pull the dividends out of their accounts and spend them. Drip is king in my book!
@@SpencerInvests see "drip" is an acronym for "dividend reinvestment program" and it refers to the brokerage automatically reinvesting the dividends back into the asset that paid them. So when people say "drip all your dividends" it has a very specific meaning and instruction 🤷♀️
So much contents!!!
Thats the goal!
I just bought 10k of ULTY yesterday, in my IRA, but I'm not going to add to it. My plan is to just use the distributions every month to buy SPYT. I just feel more comfortable with SPYT in the long-run.
@@JohnDAlmonte i think i should do a video on SPYT! people really seem to like it. Let me know how ULTY does for you!
I did the same last month. Bought $85,000 of ULTY.
I have right at 11,000 shares all together. Crazy 🤪
Better choice is use this dividend buy more KURV fund!~
@coreycrum76 why is the yield 107%? I'm new
Love the Ulty Dude ! So Cool ! Keep Buyin It !! Super !!
Its on my watchlist for sure!!
As a investor my model is to buy yieldmax use the dividend capital to buy schd simple
Such a solid way to do things. Less stress too I'd say!
@ 😎
I may be mistaken, but I believe that Yieldmax funds now all pay every 4weeks, not monthly, so they will each make 13 payments annually, which alters the yield a bit
I did not know this! I'll check into it, but yes that would change it. Thanks so much Gordon!
I own ULTY 1550 shares and just bought 100 more today 12/12/2024 my cost is now 10.41 and if it continues to pay the ,7092 X13 it will pay out 9.2196 so still about 88.56 %. And drip only works if it gets the lowest price otherwise it will be off slightly.
Thats wild. I need to think about getting a good amount into these funds! It would be cool to see how they perform against other assets.
i got them this morning about 9.35
thanks for the video, in my opinion with these yieldmax etf they are only worth buying when they are beaten down as it is now at $10, and it is paying over $.70 dividend and you DRIP , that way you will get ROI in 0NE YEAR, from then one it is house money
I love playing with the houses money. The returns are pretty insane, and it only gets better when you buy in with a discount!
I have 4,000 of ULTY. Will buy more. The stocks in it all have good levels of volitility which is really important when doing covered calls. The change they made has stabilized the nav at around $10. It drops by the distribution amount on ex-dividend date and recuperates by the next one for the last 4-5 distributions. Not investment advice. Not a financial advisor. Just some schmuck making $12-$15k per month in distributions with high yield funds. Most of my holdings are also up in nav due to the time when I bought in. Currently the only one that is below my buy in price in NVDY (which most people think of as so very stable) and FIAT (which is absolutely killing my overall return rate - I will never buy an inverse again).
The inverse are scary to me! I don't like to invest in them just because I suck at predicting the market. I also don't know if we will see invidia fall enough quickly enough for that to be a good choice. The YM funds scary me quote a bit with the volatility and NAV erosion! My full video on them was very eye opened though.
Buy the dip could still go down on tax off end of the year
Very true. I always forget how tax season affects the stock market!
It also seems ulty holds support at $9.30
I'll be watching it at this level for a bit, hopefully it holds strong!
One of the best features also with the latest prospectus changes is that they now have a hedge put on each holding so you can see today on a down day it’s only down in line with the indexes.
Can we get a video on 10K IN Rex ETF's CEPI Crypto ETF?
Yes this one is on my list! Thank you!
Thanks for the breakdown! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Did something change? I thought ULTY paid monthly?
It does! So sorry, error with the title. It should be fixed now!
YieldMax redid their ULTY strategy in mid Oct 2024. It hasn't improved since.
impossible to predict your numbers because the dividend changes every month
It is impossible, but this is based on the past average of all past payments. I'd say it has a better chance of being accurate than simply guessing!
i bought 3 thousand shares today in ulty
Thats a ton! Let me know how big those dividend payments are!
I’m so on the fence about this etf.. so much volatility and it’s still struggling to regain nav after the distribution drop.. for now it’s a pass and I’ll just DCA heavily into YMAX
YMAX/YMAG are two of my favorites. Maybe they return a little less but I like the risk a lot more for my investment style
How much money do you lose when ULTY reverse splits probably 3 for 1 very soon
Not happening anytime soon.
If it splits I'd be bummed, but TSLY split and has done pretty well recently. If this price action remains around the $10 I don't think they'd have much of a reason to split.
To understand how these funds work, Learn how to trade options. Do some covered calls on a popular stock like Tesla. You'll see how you can make very good money, however trading options you have to be skilled at options. That's why they charge 1 to 1.2 percent fees. For the comfort of letting a professional make the calls. Options, that's how they can make so much money.
Most have erosion , the ones that dont will at some point.
The dividends will get cut .
With ROC , half is taxed you will do well for 1-2 years for early investors as long as they drip.
The bear will wreck people.
Covered calls never beat the underlying assets.
I have been in the best performer MSTY since inception.
Its up like 170% microstrategies is up 400%
With taxes ill make about 68%
But its house money for me so ill milk it
I put 15k into CONY.
CONY has been amazing lately!
By 5 years you’ll make your money back plus profit. Just keep on investing and do your taxes.
True true! Taxes are super important. I like to trade in a Roth so it's tax free!
@ smart idea
I just sold all my ulty lol the nav erosion in it gotta get slightly better…. It’s improved since hitting the $10 area tho
Reinvest the div’s. Continuously
@ I like income lol rather swing them … but why you not in cornerstone no more ? I just got into some on fidelity
$10,000 in MSTY will make you a lot more money.
Buy both! Diversify.
I have a 10k in MSTY video! I'm not sure how long this run will keep up though!