I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement
Sure and the Credits goes to Gabriel Alberto William one of the finest portfolio managers in the field. He's widely recognized; you should take a look at his work by researching his name
Thanks for sharing, curiously inputted his full name on the web, spotted his consulting page, ranked top and i will sent him an email shortly. I've seen commentaries about advisors but no one looks this phenomenal
The caution about KURV for me is the low amount of assets under management. If there is a dramatic downturn, I worry about the funds' viability after a large loss in value in the synthetic holdings and the options that are bought.
Excellent work Mr Above Average Joe. TBH this is the first time I have heard about the Kurv funds. For my situation they do seem superior to their Yieldmax corollaries.
Interesting video. My take away is that if you trying to build a nest egg it is far better to own the underlying stock because: 1. Far less risky because you own a share rather than a derivative contract that could be force majeure cancelled in a market event 2. More tax efficient. Cap gains are taxed at a lower rate than dividends 3. The underlying always outperforms the synthetic anyways. If you are trying to live on dividends you still have to reinvest some in order to keep NAV from eroding away with the YM funds
Will all covered call ETF continue to add more synthetic positions to average out the loss when market was falling more the 15%, or will you stick with just one synthetic position? The reason why I'm asking is that if the stock falls more than 15%, they won't be able to sell out-of-the-money (OTM) calls above 7% on the first lot, which has a 15% loss. To recover from the first lot, You would need to buy two additional lots-one without any call option (CE) selling position, and the other with an at-the-money (ATM) call option to collect higher premiums. Will you follow this approach, and if not, how you manage it?
Hi Joe, You mentioned KURV has bigger div yield for Apple etf, but numbers you showed are the opposite, for 1 year, APLY with yield of 30.99% earned $13,777 but AAPY with 75.88% yield only earned half of APLY?
Looks like this was due to the MOST RECENT distribution for AAPY being much higher ($1.75/share vs. $0.29/share) than normal. I missed that. THANK YOU for watching and for leaving your $0.02 in the comments.
KURV funds you can live off the income and your investment grows. YieldMax you have to manage your income and reinvest back into the fund to protect your investment from going down too far and paying you less due to depletion of the NAV. Also, you are likely paying more taxes because being overpaid with YMAX funds. I like the KURV strategy better. I wish KURV had more single stock funds and did their own version of YMAX fund of funds. Very bad marketing for KURV because they should have much more assets under management for a superior product.
That was interesting, nice see other options to maybe retain nav. May not need to reinvest as much of the Dividend back into the fund to maintain your value as do with yieldmax. May have same income in the end?
Interesting... if you sum the NAV's of all 12 you end up at (or above) your original investment. Theoretically you could have both Yieldmax and Kurv to balance out the net assets and keep the dividends for both, about 18-19% based on the time frame.
I do not own any of the Kurv funds but have had my eye on them since they came out. I am most concerned that their AUM is still low. Seems to me these are good middle of the road investments.
I agree and its interesting that the AUM is so low considering their results thus far. THANK YOU for watching Scott and for leaving your $0.02 in the comments! 😎👍🏻
Why YM dont learn and improve the performance…. They know very well that they are underperforming, have competition, and investors are aware of both…. YM need to take this seriously now….. Jay keep saying look for total returns and here is that comparison to…. If he still thinks the same
They have low AUM and YieldMax, last I checked their total assets were around 9.32B. I just feel that Kurv may not be around for too long if they don't pick up their AUM totals on each of their ETFs.
So, If you purchased the stock and wrote your own covered calls monthly you would be ahead in income and in capital appreciation. Perhaps, the difference in returns is the 1% management fee? Otherwise they are doing a lousy job in a bull market
I am not in any of these anymore, selling and managing your own cash secured puts is more cost effective and profitable. However whenever you see this discussion anywhere it’s never brought up that the NAV is decaying for YM funds and NAV is appreciating for Kurv. So in the long run the Kurv funds are eventually going to be better income producers than the YM funds because the distribution will continue to grow.
I’ve got £100k to invest. I want to build a nest egg for when I'm older. I want to know if it's a good idea to add all my savings into a long term ETF, set and forget Come back in 20-30 years, instead of 250-300 DCA every month. Which ETF would you recommend?
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed within a short period.
I've stuck with the popular ‘’Sonia Nunes Demelo” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Take a look at FIAX (8%) and GIAX (24%) by XFunds (Jay P also manages)... NAV down 2% and 3% respectively over 1YR, but has the dividend you ask of or better. Pretty stable. Rexshares AIPI/FEPI/CEPI are also pretty good too.. there are many actually, but these 5 are very solid for income funds... If you had lump sum (FIAX/GIAX) are legit.
The capital gain argument is severely flawed. For the simple fact that it’s not income unless you sell the gain and to do that means liquidation of shares which reduces the dividend. If KURV shares go up in price it makes it difficult to accumulate shares.
Dividend Breakdown TSLP 12% Net Investment Income and 88% Return of Capitol TSLY 63.89% Net Investment Income 36.11%²Return of Capitol NFLP 20% Net Investment Income 80% Return of Capitol NFLY 71.01% Net Investment Income 28.99%² Return of Capitol I wonder how this will effect Nav in the long term + ROC effects Taxable Capitol Gains
Touche, great point. as a reminder, ROC doesn't mean they are ACTUALLY sending your money back. It's a tax-term for when the underlying income source doesn't align with capital gains and instead results in a reduced basis. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Do you have updates on your other experimental portfolios. The SLV option strategy, the QQQ and IWM option income strategy, your yield max portfolio strategy…..
Can you please explain why it is mathematically impossible for Yieldmax funds to pay out millions of dollars in dividends after 10 years of reinvestment. People are operating under the delusion that it will happen when a RUclipsr gives them the fuzzy math of 2024 results, compounded 10 years from now.
Why can’t Yield Max pay millions in dividends? If you own enough shares of let’s say MSTY, I thinks it’s very possible to earn millions in dividends each year.
Since the underlying asset is a purchased call option as opposed to shares owned its feasible that the NAV could continue to erode IF the underlying stock continues to go down. They may ALSO need to moderate their distribution strategy to avoid NAV erosion. To your point if NAV is more stable then years of reinvested distributions COULD lead to significant income in the future. Doing so within YMAX or YMAG would make more sense or EVEN BETTER would be if YM offered an index ETF version of QQQ/SPY/IWM. Just my $0.02.
It was a mixed bag ETF to ETF but was definitely interesting to see the trend of stronger NAV stability with the Kurv funds. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
I have a $3,000 YM Test Portfolio which is spread out over 7 YM ETF's that pays my monthly solar bill. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
You show TSLY HAVING $50K in income for 6 months vs $24k for a full year. WTF?! 😅 Are you such a hater of YieldMax that you will intentionally skew the numbers that much to try to show Kurv with a CLOSER income over the last year?! 😂. You are seriously not expecting no one to notice this?... FFS
I noticed the same and did the math for each 6 month and 12 month dividend based on 100k initial purchase for TSLY and TSLP. His tables are not anywhere close to correct, so I'm left to not trust the remaining numbers. Sounds like he is getting something out of Kurv.
Why do you always say the underlying performs better , is apples and oranges, one is growth and one is income , i live and live pretty good of high yield etf’s and only build positions and never sell any , now you have to pick the right ones but as of right now i get 10,000 a month income and its only growing
You're not wrong. Neither am I, LOL, but you're right that the statement should have been caveated with the different objectives. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Bc hes right. You are sacrificing yield for income. You could just sell portions if the underlying ewch month and be making more than your 10k a month.
I have some TSLY but I'm still down since their reverse split last year. I was going to buy into MARO but I'm already running the wheel on that stock myself so I don't see the point.
Agreed. It appears that the Kurv ETF's (at least so far) have more NAV stability. We will see what the future holds. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
I think the summary when you do macro analysis is that there is nothing better than sticking everything into VOO and then running tht 4-5% withdraw model. But the analysis doesn't give a picture of sequence of returns risk... would be great if you put everything into a single video and help us select the 'best' balance of income and total return.
Thanks for weighing in. I am a HUUUUUUGE believer in using index ETF's / index funds as the foundation of long-term growth. That being said, WHEN you need the income there is absolutely alternatives to the traditional withdrawal method. Just my $0.02 though. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Yeah, just what the world needs, another ETF company, charging huge fees, and promoting funds to generate income, to a population, that in most cases, should be focused on growth. These while legal, fall into the almost scam category. You should stop giving them visibility. Rather if you really want to help your viewers spend more time on why they make little sense to just holding the underlying stocks. (Instead of two thirds of your video), You do semm to spend a lot of time on generating spreadsheets. Do it to help people. Not stupid ETF owners, trying to generate huge income from the unknoweldgale
Excellent analysis again. Wrapping all these into one spreadsheet is very helpful.
Thank you for that feedback! I appreciate it!
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers were $OHI, $KMI, and $EDP, not bad for 350k
This is quite encouraging for newbies like myself, i'm in dire need of portfolio management, think your advisor can help?
Sure and the Credits goes to Gabriel Alberto William one of the finest portfolio managers in the field. He's widely recognized; you should take a look at his work by researching his name
Thanks for sharing, curiously inputted his full name on the web, spotted his consulting page, ranked top and i will sent him an email shortly. I've seen commentaries about advisors but no one looks this phenomenal
The caution about KURV for me is the low amount of assets under management. If there is a dramatic downturn, I worry about the funds' viability after a large loss in value in the synthetic holdings and the options that are bought.
Excellent work Mr Above Average Joe.
TBH this is the first time I have heard about the Kurv funds. For my situation they do seem superior to their Yieldmax corollaries.
Another great presentation! I would be interested in your review of the newest Yieldmax funds, FEAT, FIVY, and LFGY.
Thank you for that feedback and Recommendation. I appreciate it!
Good video that clearly indicates that every one of these funds should be completely avoided.
The two biggest drivers of yieldmax are Msty (2b) & Nvdy (1.5b). This exposure trickles down to the other funds and KURV is missing both those funds.
Great video , Super informative
Interesting video. My take away is that if you trying to build a nest egg it is far better to own the underlying stock because:
1. Far less risky because you own a share rather than a derivative contract that could be force majeure cancelled in a market event
2. More tax efficient. Cap gains are taxed at a lower rate than dividends
3. The underlying always outperforms the synthetic anyways.
If you are trying to live on dividends you still have to reinvest some in order to keep NAV from eroding away with the YM funds
Can you please do an “i made a KURV portfolio to pay my bills” like the YMAX video you made. Awesome videos keep it up.
Thanks for doing this analysis!
My pleasure! I appreciate you weighing in with your feedback!
Will all covered call ETF continue to add more synthetic positions to average out the loss when market was falling more the 15%, or will you stick with just one synthetic position? The reason why I'm asking is that if the stock falls more than 15%, they won't be able to sell out-of-the-money (OTM) calls above 7% on the first lot, which has a 15% loss. To recover from the first lot, You would need to buy two additional lots-one without any call option (CE) selling position, and the other with an at-the-money (ATM) call option to collect higher premiums. Will you follow this approach, and if not, how you manage it?
Hi Joe,
You mentioned KURV has bigger div yield for Apple etf, but numbers you showed are the opposite, for 1 year, APLY with yield of 30.99% earned $13,777 but AAPY with 75.88% yield only earned half of APLY?
Looks like this was due to the MOST RECENT distribution for AAPY being much higher ($1.75/share vs. $0.29/share) than normal. I missed that. THANK YOU for watching and for leaving your $0.02 in the comments.
KURV funds you can live off the income and your investment grows. YieldMax you have to manage your income and reinvest back into the fund to protect your investment from going down too far and paying you less due to depletion of the NAV. Also, you are likely paying more taxes because being overpaid with YMAX funds. I like the KURV strategy better. I wish KURV had more single stock funds and did their own version of YMAX fund of funds. Very bad marketing for KURV because they should have much more assets under management for a superior product.
Yeah, the AUM is really low on most of these. Otherwise, I would want to get into them.
Yieldmax does a short qqq I believe called YQQQ
I would love it if they did the same thing on IWM / SPY / QQQ. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Very informative. Thanks for putting this together.
That was interesting, nice see other options to maybe retain nav. May not need to reinvest as much of the Dividend back into the fund to maintain your value as do with yieldmax. May have same income in the end?
Well stated. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Interesting... if you sum the NAV's of all 12 you end up at (or above) your original investment. Theoretically you could have both Yieldmax and Kurv to balance out the net assets and keep the dividends for both, about 18-19% based on the time frame.
I'd like to see results for living on half distributions.
Thank you for that feedback. I appreciate it. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
KURV absolutely needs to open a YMAX diversified type fund. It doesn't even need to be weekly.
I do not own any of the Kurv funds but have had my eye on them since they came out. I am most concerned that their AUM is still low. Seems to me these are good middle of the road investments.
I agree and its interesting that the AUM is so low considering their results thus far. THANK YOU for watching Scott and for leaving your $0.02 in the comments! 😎👍🏻
Why YM dont learn and improve the performance…. They know very well that they are underperforming, have competition, and investors are aware of both…. YM need to take this seriously now….. Jay keep saying look for total returns and here is that comparison to…. If he still thinks the same
They have low AUM and YieldMax, last I checked their total assets were around 9.32B. I just feel that Kurv may not be around for too long if they don't pick up their AUM totals on each of their ETFs.
So, If you purchased the stock and wrote your own covered calls monthly you would be ahead in income and in capital appreciation. Perhaps, the difference in returns is the 1% management fee? Otherwise they are doing a lousy job in a bull market
KURV is doing a good job
I am not in any of these anymore, selling and managing your own cash secured puts is more cost effective and profitable. However whenever you see this discussion anywhere it’s never brought up that the NAV is decaying for YM funds and NAV is appreciating for Kurv. So in the long run the Kurv funds are eventually going to be better income producers than the YM funds because the distribution will continue to grow.
AIPI they own the underlying stocks more diversified 😊
I’ve got £100k to invest. I want to build a nest egg for when I'm older. I want to know if it's a good idea to add all my savings into a long term ETF, set and forget Come back in 20-30 years, instead of 250-300 DCA every month. Which ETF would you recommend?
As they say, time IN the market is better than trying to time the market. I think you should seek advice from a licensed financial advisor..
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed within a short period.
How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
I've stuck with the popular ‘’Sonia Nunes Demelo” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the recommendation. I'll send her an email, and I hope I'm able to connect with her.
What are some ETFs that yield 9% that don’t suffer from NAV erosion.
Take a look at FIAX (8%) and GIAX (24%) by XFunds (Jay P also manages)... NAV down 2% and 3% respectively over 1YR, but has the dividend you ask of or better. Pretty stable. Rexshares AIPI/FEPI/CEPI are also pretty good too.. there are many actually, but these 5 are very solid for income funds... If you had lump sum (FIAX/GIAX) are legit.
Jepi, jepq
The capital gain argument is severely flawed. For the simple fact that it’s not income unless you sell the gain and to do that means liquidation of shares which reduces the dividend. If KURV shares go up in price it makes it difficult to accumulate shares.
Dividend Breakdown
TSLP 12% Net Investment Income and 88% Return of Capitol TSLY 63.89% Net Investment Income 36.11%²Return of Capitol
NFLP 20% Net Investment Income 80% Return of Capitol NFLY 71.01% Net Investment Income 28.99%² Return of Capitol
I wonder how this will effect Nav in the long term + ROC effects Taxable Capitol Gains
Touche, great point. as a reminder, ROC doesn't mean they are ACTUALLY sending your money back. It's a tax-term for when the underlying income source doesn't align with capital gains and instead results in a reduced basis. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
AAPY 👍 💯
THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Do you have updates on your other experimental portfolios. The SLV option strategy, the QQQ and IWM option income strategy, your yield max portfolio strategy…..
Working on updates and will be coming out soon. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Can you please explain why it is mathematically impossible for Yieldmax funds to pay out millions of dollars in dividends after 10 years of reinvestment. People are operating under the delusion that it will happen when a RUclipsr gives them the fuzzy math of 2024 results, compounded 10 years from now.
You could explain. Are you just referring to nav erosion or?
No, I am not referring to NAV decline. Myquestion was clear.
Why can’t Yield Max pay millions in dividends? If you own enough shares of let’s say MSTY, I thinks it’s very possible to earn millions in dividends each year.
You do know that they do options trading right ?
Since the underlying asset is a purchased call option as opposed to shares owned its feasible that the NAV could continue to erode IF the underlying stock continues to go down. They may ALSO need to moderate their distribution strategy to avoid NAV erosion. To your point if NAV is more stable then years of reinvested distributions COULD lead to significant income in the future. Doing so within YMAX or YMAG would make more sense or EVEN BETTER would be if YM offered an index ETF version of QQQ/SPY/IWM. Just my $0.02.
Yieldmax FEAT etf does the same thing !!!
Still very new. We will see what the performance looks like. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
So which won ?? 😢
It was a mixed bag ETF to ETF but was definitely interesting to see the trend of stronger NAV stability with the Kurv funds. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
What percent of your portfolio do you have in YieldMax?
3% ROTH and 2% Taxable....... CONY and AMZY set on DRIP for a dividend snowball
I have a $3,000 YM Test Portfolio which is spread out over 7 YM ETF's that pays my monthly solar bill. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
You show TSLY HAVING $50K in income for 6 months vs $24k for a full year. WTF?! 😅 Are you such a hater of YieldMax that you will intentionally skew the numbers that much to try to show Kurv with a CLOSER income over the last year?! 😂. You are seriously not expecting no one to notice this?... FFS
I noticed the same and did the math for each 6 month and 12 month dividend based on 100k initial purchase for TSLY and TSLP. His tables are not anywhere close to correct, so I'm left to not trust the remaining numbers. Sounds like he is getting something out of Kurv.
Why do you always say the underlying performs better , is apples and oranges, one is growth and one is income , i live and live pretty good of high yield etf’s and only build positions and never sell any , now you have to pick the right ones but as of right now i get 10,000 a month income and its only growing
You're not wrong. Neither am I, LOL, but you're right that the statement should have been caveated with the different objectives. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Bc hes right. You are sacrificing yield for income. You could just sell portions if the underlying ewch month and be making more than your 10k a month.
I have some TSLY but I'm still down since their reverse split last year.
I was going to buy into MARO but I'm already running the wheel on that stock myself so I don't see the point.
Did you ever average down your TSLY? Just curious..
@jacobc.6949 I'm dripping the dividends, but I haven't added any more other than that.
THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Never met a YeildMax stock I didn't lose a boat load of NAV on... Dividends ain't worth the ski slope NAV erosion.
Agreed. It appears that the Kurv ETF's (at least so far) have more NAV stability. We will see what the future holds. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Then you have weak hands and sold early or didn't buy MSTY, NVDY or AMZY.
Aren't you tired of the same content?
seams much much too complicated to invest in… not my cup of tea.
Youre missing out
@ OK , I like to know where my up side will go,not knowing how far you can slide down scares the poop out of me. Call me chicken if you want.
I can appreciate your perspective. THANK YOU for watching Robert and for leaving your $0.02 in the comments! 😎👍🏻
I think the summary when you do macro analysis is that there is nothing better than sticking everything into VOO and then running tht 4-5% withdraw model. But the analysis doesn't give a picture of sequence of returns risk... would be great if you put everything into a single video and help us select the 'best' balance of income and total return.
Thanks for weighing in. I am a HUUUUUUGE believer in using index ETF's / index funds as the foundation of long-term growth. That being said, WHEN you need the income there is absolutely alternatives to the traditional withdrawal method. Just my $0.02 though. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
Yeah, just what the world needs, another ETF company, charging huge fees, and promoting funds to generate income, to a population, that in most cases, should be focused on growth. These while legal, fall into the almost scam category. You should stop giving them visibility. Rather if you really want to help your viewers spend more time on why they make little sense to just holding the underlying stocks. (Instead of two thirds of your video), You do semm to spend a lot of time on generating spreadsheets. Do it to help people. Not stupid ETF owners, trying to generate huge income from the unknoweldgale