One possible way to accept the non-diversification of Yield Max is to limit the percentage it might be in your total portfolio. I'm going to buy YMAX but it will only be 5% max of the total value of my portfolio. I'm 77yo and not interested in anything but income. To each, their own.
My portfolio just cracked $50 million this week, At the end of the day, we all have to decide how much risk we can tolerate. With the exception of TSLY, I've been very pleased with all my YM and Def funds. The monthly payouts have all tripled and in some cases, more than quadrupled the paper losses for the year. NVDY, CONY and MFSO are currently green on top of DIV yields of 30-100%. I hope we all make big money this year. It's an exciting time as this Bull market charges forward.
I literally discovered all this stuff minus the better deep dive and well explained version. My passive income has changed dramatically changing to these Yields. Love the content!
When you were with Jay recently, did you discuss the numbers of funds they offer from the standpoint of focus? I just wonder if/how they are able to manage so many funds well, with such a relatively small staff. Great video as always - thanks!
@@et_phonehome_2822 Over 40% to investors. So "they" are not reaping all the money. You don't think the managers deserve any money for handling all the details with this fund?
@@hhefner9659 The stock is down...Ok A great opportunity to buy more shares and increase you montly dividends. QQQY is also down, and I buy more shrares to increase monthly dividends to re-invest. As long as they are paying a decent dividend, I'm in! That is what I do, and it works for me. Dividends keep me in the green.
Is YMAX subject to witholding taxes when held in a canadian account? My understanding is that options are treated as capital gains and not as dividends. Therefore, YMAX should not be subject to witholding taxes, no matter if it is held in a TFSA or a RRSP.
If you hold YMAX in a RRSP, you won't have to pay a withholding tax. However, if you hold YMAX in your TFSA, you will be paying withholding tax on your dividends. US stocks held in a cash account, or TFSA, is subject to withholding taxes.
@@crazywaffleking You should elaborate on your assertion because it's nonsense, or at best, maybe half true. As a Canadian resident, there is definitely no withholding tax on your original capital (ROC). Only U.S. dividends are subject to withholding taxes
It’s not rocket science…. These ETFs follow whatever their underlying assets do with a covered call cushion . Understand covered calls and you’ll be able to answer your question in a heartbeat
HPYT, by Harvest, is sorta something like this! I also just added it, only 1st payment received, on a Monthly! Added 15 first month, another 15 this month. Also have added 10 HMAX, by Hamilton, I believe it is! Just "Testing the waters" so far! Have added YMAX recently, and started YieldMax with TSLY. Then added NVDY. Later, added CONY, & MSTY. Also ULTY, & NOW AMDY! Definitely some emotions can be triggered from these ones! The payout varies a lot!
Ymax all time return including reinvested divs18.77%, YMAG 26.33%. YMAX Sortino 1.78, YMAG 6.55, YMAX max drawdown -5.20%, YMAG -2.19%, YMAX upside catture ratio 76.37%, Downside capture ratio 92.05%, YMAG upside capture ratio 109.92% downside capture ratio 33.25% YMAX gain/loss ratio 1.36, YMAG 1.99
There was an article calling YMAX a SWAN now. There is a correction and perhaps a longer bear market incoming. This fund and many of the YieldMax offerings likely have issues in that environment.
@@bartpeters9910 Exactly. You lower volatility both directions of the underlying asset(s). If you don’t want to short, then this is at least a middle ground in case the bear shows when interest rates get adjusted.
Preservation of NAV using combos like TSLY & CRSH? Can you offer your brilliant assessment, as I haven't found a vid on it, as to the merits of equal weighting say TSLY & CRSH. Obviously CRSH is very new but there are non YieldMax high yielding short ETFs out there with longer histories that suggest an equal weighting in a 'long' & a 'short' of the same vehicle may help to avoid distressing NAV slumps. Thanks.
@@user-cg4pi5fi9u i kept the same dollar amount in each but ended up loosing big and sold them all. tsla recently ran up %30 in matter of days but tsly rose only %10 while crsh dropped %28. got rid of both and got ymax jnstead
I guess you could do go with YMAX. Or you could buy QQQM for a much lower expense ratio, selling shares at 40% annually, and lose less of your capital, while also experiencing less volatility along the way. Although I'm not sure why you'd want to build up all that capital just to spend it all down at 10x the rate that is sustainable.
as a Canadian do i just eat the non resident tax on these usd$ etfs or is there something i can do aside from relocating to avoid/minimize the conversion fee/ non resident tax it makes these usd$ etfs seem less worth it for any canadian investor unless there is more i dont know
I have mine in my TFSA, because I can use the monthly distributions to increase position or set aside for other assets. I dislike RRSP, except employer based. I'm maxing out my FHSA and TFSA.
Hello, enjoy your content. But also have a question, several months ago you posted a video of why you were totally getting out of Yield Max funds. Why the change? I’m not sure it is only bc of YMAX as I also saw you recently on a panel discussion with Jay and a couple of other people promoting Yield Max. What has changed?
Maybe I misunderstood but was referring to the video you made titled, “3 Reasons Why I SOLD Yieldmax ETFs and went “ALL IN” on Defiance QQQY & JEPY”. Looks like thus was posted 6 months ago.
Hi Adrian, Please, want to pull the trigger on this fund but not finding much st all on the tax implications etc for us Canadian investors. Ive only ever invested in Canadian funds and must know for example if the 15% US tax policy is taken off the top each week OR is there tax forms to tackle yearly etc. wishing to only deal with the currency exchange rates when taking a position hopefully Please advise and thanks so much Been following and using the PII strategy for 4 years now Trusting the process ! and trusting you sir 🤑 🙏
I'm still in my first year with YieldMax, and RRSP holdings of them aren't charged the 15% US Withholding. However, the 15% IS Charged on these in TFSA & FHSA Accounts, as they have no "Agreements" for Tax Treatment, on these two types of accounts with the US Government. Same for "Cash/Margin/Investment Accounts"!
I'm still in my first year with YieldMax, and RRSP holdings of them aren't charged the 15% US Withholding. However, the 15% IS Charged on these in TFSA & FHSA Accounts, as they have no "Agreements" for Tax Treatment, on these two types of accounts with the US Government. Same for "Cash/Margin/Investment Accounts"!
Some of these funds have or are very close to 100% return on investment, if you purchased at inception. That is incredible. Basically if you put in a 1000 at inception, your total account balance is 2000. Most people commenting here don’t have a clue. Not surprised.
problem with these ETFs, the yield is OUTSTANDING, but total returns on 1 year are often not. Globe and mail site shows the unit price (no div reinvested) having lost 10% on last 3 months for ymax... As for TSLY (tesla) units on 52 weeks lost -17.38 (-51.82%) ( no div reinvested )....
@@crazywaffleking YMAG units without the reinvestment of div. is holding up : 1 month : +2% and the 3 months +1,5%... but.... it has the teck high flyers... Good pick. But it's the exception.
@@PassiveIncomeInvesting im pretty sur "stock prices" losing 10% in 3 months or 50% in 1 year affect total returns. What is childish is pushing a yield that more often than not doesnt reflect at all the total return.
@@joloui2035agree because it a so called income fund not reinvested the dividends and get total return point of these is to keep the dividends not reinvest total returns is obsolete nav erosion divs are to pay bills u can not count it in the total return simple
Why does Adrian keep evaluating 'reinvesting divy' when the objective is 'passive income'. I don't reinvest divy because I need income to pay expenses. Leverage & covered option ETFs lose principal. Share price of YMAX starting to decline just like TSLY; this is not a stable stock price.
Total returns or the performance of any fund are based on you reinvesting the dividends . If you don’t , that’s fine , but you need to realize not all funds are suitable to “live off” covered this in several recent videos
With these and all Yieldmax funds, the nav is instantly lowered by the amount of the dividend each month. That plus the expense fees and the taxes due on those dividends will lower the total return greatly. All of these etf's would have to gain in share price to have a positive total return depending hold long they are kept and of course there is no promise of the market to continue to go higher.
@@PassiveIncomeInvesting of course. I know but inexperienced investors may not. They get a dividend and think, oh look how much money just came into my account but it's being off set by a lower nav.
@@Intheknow-z7j that’s so incorrect. If an annual return of 40% in dividends for example on 100k you would make $40,000. If the nav declined by 30% across the year or from the initial investment price. You would now still be left with a 10% gain leaving you up $10,000…?
Do you have reasons why you don't like YMAX? This fund is risky and very expensive. Returns may vary, but fees are always subtracted. And, they are one of the highest among peers.
YMAG has TSLY in it's magnificent 7. WHY?! That's probably the main reason it's currently underperforming YMAX. How often does the fund re-evaluate their 7?
@@mmmyeahhcause there is no way they can earn 40% annually when the stock market does like 7%-10% on average. that would make them never heard of investing gods. NAV will collapse and distributions will get cut. happens every single time.
@@Got2Learnreally? I bought Cony shortly after it came out. Already almost have all my money back and it the current nav is still higher than my cost basis
One possible way to accept the non-diversification of Yield Max is to limit the percentage it might be in your total portfolio. I'm going to buy YMAX but it will only be 5% max of the total value of my portfolio. I'm 77yo and not interested in anything but income. To each, their own.
My portfolio just cracked $50 million this week, At the end of the day, we all have to decide how much risk we can tolerate. With the exception of TSLY, I've been very pleased with all my YM and Def funds. The monthly payouts have all tripled and in some cases, more than quadrupled the paper losses for the year. NVDY, CONY and MFSO are currently green on top of DIV yields of 30-100%. I hope we all make big money this year. It's an exciting time as this Bull market charges forward.
Congrats! are you a pro, whats your cash flow like?
No I'm not, Diana Leayani lara is behind my growth, look her name up or make proper research for one who is suitable with your goals.
This is a leveraged long tech stock play masquerading as an income fund.
@@daloriscutone6380
*My portfolio just cracked $50 million this week* Sure you did!🤪🤪
I literally discovered all this stuff minus the better deep dive and well explained version. My passive income has changed dramatically changing to these Yields. Love the content!
@AngelMartinez-bd7rn how was your journey with ymax coming from a beginner etf investor?
YMAX 👍
When you were with Jay recently, did you discuss the numbers of funds they offer from the standpoint of focus? I just wonder if/how they are able to manage so many funds well, with such a relatively small staff. Great video as always - thanks!
They reap in money from investors while the NAV is eroding.
Well he’s got a team at Zega , but not sure how many . I’m sure it’s not an issue .
had the same thought , I wonder if they are using A.I
@@et_phonehome_2822 Over 40% to investors. So "they" are not reaping all the money. You don't think the managers deserve any money for handling all the details with this fund?
I picked up YMAX a few months ago. No regrets👍
@@valveman12 this is good to know! Thanks!
the stock is down
@@hhefner9659
The stock is down...Ok
A great opportunity to buy more shares and increase you montly dividends.
QQQY is also down, and I buy more shrares to increase monthly dividends to re-invest. As long as they are paying a decent dividend, I'm in! That is what I do, and it works for me. Dividends keep me in the green.
@@hhefner9659 it's barely down from 20$
Looks like it's doing its job to me
@@hhefner9659 not including the monthly income, it isn't
NVDY has been my best investment, I wish I had more cony since its first month
How does it work taxwise for Canadian buyers? Any taxes on the monthly distributions?
Is YMAX subject to witholding taxes when held in a canadian account? My understanding is that options are treated as capital gains and not as dividends. Therefore, YMAX should not be subject to witholding taxes, no matter if it is held in a TFSA or a RRSP.
I agree but if any of the underlying stocks (if any) issue dividends, there will be withholding taxes on those
If you hold YMAX in a RRSP, you won't have to pay a withholding tax. However, if you hold YMAX in your TFSA, you will be paying withholding tax on your dividends. US stocks held in a cash account, or TFSA, is subject to withholding taxes.
In a TFSA you get withholding tax, it doesn't matter if it is roc, qualified dividend, or option income. It is 15%
@@crazywaffleking You should elaborate on your assertion because it's nonsense, or at best, maybe half true. As a Canadian resident, there is definitely no withholding tax on your original capital (ROC). Only U.S. dividends are subject to withholding taxes
@@dkyrtata6688 Thanks bud!
Which broker can I buy these Yieldmax EFTs from ? Not professional trader .
I'm from Europe .
The new one will be included after they pay the first distribution. Great content as always Thank You 🙏🏾
Wish there was a Canadian version of this ETF!
Hey pal. Quick question.
Will there be withholding tax on YMAX distributions in TFSA. RRSP would be better right? Thank you so much!
Yes, RRSP, otherwise they will hit you with a 15% withholding tax.
What happens in a 20 - 30% market correction ?
Well … take a guess , it’s gonna drop .
It’s not rocket science…. These ETFs follow whatever their underlying assets do with a covered call cushion . Understand covered calls and you’ll be able to answer your question in a heartbeat
You change your underwear!
I guess my question is what is the downside and upside Beta? If it follows the underlying securities down, how much will it recover on the way up?
@@shawncharles3478 well all you have to do is check the strikes
is there a TSX version ? or something similar? thanks
HPYT, by Harvest, is sorta something like this! I also just added it, only 1st payment received, on a Monthly! Added 15 first month, another 15 this month.
Also have added 10 HMAX, by Hamilton, I believe it is! Just "Testing the waters" so far!
Have added YMAX recently, and started YieldMax with TSLY. Then added NVDY. Later, added CONY, & MSTY. Also ULTY, & NOW AMDY!
Definitely some emotions can be triggered from these ones! The payout varies a lot!
So how does the YMAX fund officers combat declining share price or as some call it NAV erosion?
Ymax all time return including reinvested divs18.77%, YMAG 26.33%. YMAX Sortino 1.78, YMAG 6.55, YMAX max drawdown -5.20%, YMAG -2.19%, YMAX upside catture ratio 76.37%, Downside capture ratio 92.05%, YMAG upside capture ratio 109.92% downside capture ratio 33.25% YMAX gain/loss ratio 1.36, YMAG 1.99
There was an article calling YMAX a SWAN now. There is a correction and perhaps a longer bear market incoming. This fund and many of the YieldMax offerings likely have issues in that environment.
In a long bear market… which funds other than short or inverse funds won’t have issues?
In a bearmarket, covered call funds should do much better than the underlying. Basic stuff
@@bartpeters9910 very basic. Don't be in covered call funds or have very little allocation in a bear market. Basic stuff, right?
@@bartpeters9910 Exactly. You lower volatility both directions of the underlying asset(s). If you don’t want to short, then this is at least a middle ground in case the bear shows when interest rates get adjusted.
Preservation of NAV using combos like TSLY & CRSH? Can you offer your brilliant assessment, as I haven't found a vid on it, as to the merits of equal weighting say TSLY & CRSH. Obviously CRSH is very new but there are non YieldMax high yielding short ETFs out there with longer histories that suggest an equal weighting in a 'long' & a 'short' of the same vehicle may help to avoid distressing NAV slumps. Thanks.
@@user-cg4pi5fi9u i kept the same dollar amount in each but ended up loosing big and sold them all. tsla recently ran up %30 in matter of days but tsly rose only %10 while crsh dropped %28. got rid of both and got ymax jnstead
Interesting that the ticker of the inverse fund of the Tesla fund (TSLY) is CRSH (as in "crash")
Or - is it "CRUSH?"
I guess you could do go with YMAX. Or you could buy QQQM for a much lower expense ratio, selling shares at 40% annually, and lose less of your capital, while also experiencing less volatility along the way. Although I'm not sure why you'd want to build up all that capital just to spend it all down at 10x the rate that is sustainable.
as a Canadian do i just eat the non resident tax on these usd$ etfs or is there something i can do aside from relocating to avoid/minimize the conversion fee/ non resident tax it makes these usd$ etfs seem less worth it for any canadian investor unless there is more i dont know
you could put it in your rrsp and avoid us taxes
If it is in a taxable account you pay more than 15% in tax
I have mine in my TFSA, because I can use the monthly distributions to increase position or set aside for other assets. I dislike RRSP, except employer based. I'm maxing out my FHSA and TFSA.
What are you thoughts about the Middlefield Global Real Asset Fund merger into Real Estate Split Corp. How do think this will affect RS going forward?
Are you still optimistic on this fund? Currently not doing so well.
June for ymax was bad now it’s not recovering a bit
Hello, enjoy your content. But also have a question, several months ago you posted a video of why you were totally getting out of Yield Max funds. Why the change? I’m not sure it is only bc of YMAX as I also saw you recently on a panel discussion with Jay and a couple of other people promoting Yield Max. What has changed?
I still own ymax , so not sure what you are referring to
Maybe I misunderstood but was referring to the video you made titled, “3 Reasons Why I SOLD Yieldmax ETFs and went “ALL IN” on Defiance QQQY & JEPY”. Looks like thus was posted 6 months ago.
Defiance should also do the same
IWMY is now paying each week!
Is there a ymax all in one on the canadian stock market
Do you drip your YMAX div?
yes, all my retirement accounts are on DRIP
Hi Adrian,
Please, want to pull the trigger on this fund but not finding much st all on the tax implications etc for us Canadian investors. Ive only ever invested in Canadian funds and must know for example if the 15% US tax policy is taken off the top each week OR is there tax forms to tackle yearly etc.
wishing to only deal with the currency exchange rates when taking a position hopefully
Please advise and thanks so much
Been following and using the PII strategy for 4 years now
Trusting the process ! and trusting you sir 🤑
🙏
I'm still in my first year with YieldMax, and RRSP holdings of them aren't charged the 15% US Withholding. However, the 15% IS Charged on these in TFSA & FHSA Accounts, as they have no "Agreements" for Tax Treatment, on these two types of accounts with the US Government. Same for "Cash/Margin/Investment Accounts"!
I'm still in my first year with YieldMax, and RRSP holdings of them aren't charged the 15% US Withholding. However, the 15% IS Charged on these in TFSA & FHSA Accounts, as they have no "Agreements" for Tax Treatment, on these two types of accounts with the US Government. Same for "Cash/Margin/Investment Accounts"!
will it make sense to buy in Wealthsimple TFSA considering dollar xchange in wealthsimple is high and 15% foreign tax deduction?
i had it but maybe it’s not the right choice tbh. The 15% tax eats a lot of your total return
@@BowenChen-sh3sz I'll wait for Purpose all in one yield shares then
Any tip for europoors ? 😢
Yeah , go to America 🇺🇸
sell a put and wait the assignment, it's works on IBKR .
Good video again Adrian!
Some of these funds have or are very close to 100% return on investment, if you purchased at inception.
That is incredible. Basically if you put in a 1000 at inception, your total account balance is 2000.
Most people commenting here don’t have a clue. Not surprised.
some.
if you just bought nvidia or xxx by itself....what would you have?
@@earthcomedy your comment is based on ignorance. Most people are not ignorant. So what if you just bought NVDIA. Do you know how compounding works?
@@earthcomedy what would I have? Volatility, sleepless nights and a bigger gambling addiction.
A great presentation again, thanks Adrian
Thank you for the video. I am adding more Ymax in this pullback.
Interesting stuff. Thanks for the research dude!
Is YMAX “feasible to live off” ?
i wish
Thanks for the update 👍
100 percent agree. Always liked it but looks like it can be very stable for what it pays.
i just went all in on YMAX in my IRA
Best content as always ❤
I am invested in ymax and am glad they converted to a weekly payer.
you will be also glad with the strategy update on all YM ETFs!
I assume if this ETF is held in a ROTH account it wouldn't involve paying taxes. Any comments
That’s true.
Great video thanks Adrian
problem with these ETFs, the yield is OUTSTANDING, but total returns on 1 year are often not. Globe and mail site shows the unit price (no div reinvested) having lost 10% on last 3 months for ymax...
As for TSLY (tesla) units on 52 weeks lost -17.38 (-51.82%) ( no div reinvested )....
I like YMAG more.
@@crazywaffleking YMAG units without the reinvestment of div. is holding up : 1 month : +2% and the 3 months +1,5%... but.... it has the teck high flyers... Good pick. But it's the exception.
Look at total return , not stock prices . Looking at stock prices only is for children and amateurs
@@PassiveIncomeInvesting im pretty sur "stock prices" losing 10% in 3 months or 50% in 1 year affect total returns. What is childish is pushing a yield that more often than not doesnt reflect at all the total return.
@@joloui2035agree because it a so called income fund not reinvested the dividends and get total return point of these is to keep the dividends not reinvest total returns is obsolete nav erosion divs are to pay bills u can not count it in the total return simple
I’ve got YMAX and YMAG since inception. I actually prefer YMAG. It’s holding everything else up.
I'm starting to throw my TSLY payments into YMAG.
Seems like a too good to he true situation
if Boeing doesn't get their issues straightened out, a covered call etf for their stock will be the only way to make money with it.
lol good one - a testament to covered calls
Why does Adrian keep evaluating 'reinvesting divy' when the objective is 'passive income'. I don't reinvest divy because I need income to pay expenses. Leverage & covered option ETFs lose principal. Share price of YMAX starting to decline just like TSLY; this is not a stable stock price.
Total returns or the performance of any fund are based on you reinvesting the dividends . If you don’t , that’s fine , but you need to realize not all funds are suitable to “live off” covered this in several recent videos
Giving up growth for income, good in a volatile environment
NVDY Marine Corps for the WIN!!!
With these and all Yieldmax funds, the nav is instantly lowered by the amount of the dividend each month. That plus the expense fees and the taxes due on those dividends will lower the total return greatly. All of these etf's would have to gain in share price to have a positive total return depending hold long they are kept and of course there is no promise of the market to continue to go higher.
"nav is instantly lowered by the amount of the dividend each month" - this happens with every ETF in the whole wide world - you know that right?
@@PassiveIncomeInvesting of course. I know but inexperienced investors may not. They get a dividend and think, oh look how much money just came into my account but it's being off set by a lower nav.
@@Intheknow-z7j that’s so incorrect. If an annual return of 40% in dividends for example on 100k you would make $40,000. If the nav declined by 30% across the year or from the initial investment price. You would now still be left with a 10% gain leaving you up $10,000…?
@@PassiveIncomeInvestingproblem is yieldmax funds are capped on good days. for ex tsla rose %30 recently while tsly jumped only %10
Do you have reasons why you don't like YMAX? This fund is risky and very expensive. Returns may vary, but fees are always subtracted. And, they are one of the highest among peers.
Will YMAX AMDY FBY CONY and other eft go bankruptcy one day?
Along with the rest of the market. Not likely
Still waiting for the Costco yieldmax ETF 😝
i dont think its volatile enough lol
thk sir perfect
YMAX is becoming the trash 🗑️ bin for all the poor performing ETFs as well.
Prefer YMAG 💯💯💯
Agree
@@kevinrca yes, I'm seeing that too. But also hard to say what will get added to it in the future.
YMAG has TSLY in it's magnificent 7. WHY?! That's probably the main reason it's currently underperforming YMAX. How often does the fund re-evaluate their 7?
@@Marcus-uc4qx Give it time
@@Marcus-uc4qx It should be in the prospectus, but I have not read it yet either.
Explain why most of the holdings in these ETF’s are government T-Bills and bonds
understand the ETF and answer your own questions. see the past and very first Q&A videos
It'll be 43% for a few months, then go down to 10% lol...no thanks.
Oh yeah ? Why do you say that ?
@@mmmyeahh cuz they all do the same thing
I'd be pretty happy with a long term 10% yield and a modicum of capital appreciation. What other ETF do you prefer? Thanks!
@@mmmyeahhcause there is no way they can earn 40% annually when the stock market does like 7%-10% on average. that would make them never heard of investing gods. NAV will collapse and distributions will get cut. happens every single time.
@@Got2Learnreally? I bought Cony shortly after it came out. Already almost have all my money back and it the current nav is still higher than my cost basis
Without a doubt YMAX is the best YM fund.
DRIP TO dollar cost average
Bad advice.
Do you have a discord ??? Let me join please.bro