I'm kinda doing the same thing, just using YMAX, QDTE, and XDTE as my core positions and dripping back into them instead of extending out into a bunch of the riskier positions.
That strategy may have less dividend yield however I think that since it is more diversified you are less prone to downside risk compared to mine so it is well worth it and also no need to analyse satellite positions since you just drip so it’s pretty good!
It is in my watchlist for potential satellite positions, I really like it and if i got my dividends early i'd be scooping up some shares right now! definitely in steep discount for me currently!
i typically just use the median price of the etf over multiple periods of time (month, year, inception etc) and if it co-aligns with other indicators that i use for technical analysis then that will indicate typically that its on sale.
I have about $5100 right now in Robinhood with no margin. Mostly holding your standard stuff SPY, SCHD, Apple, Amazon. But I’ve been thinking about using margin to propel my growth. I actually started it but then switched back to cash and I’m glad I did because not long after that was when everything corrected lol. But I’ve never messed with any of these etfs that have like 50% dividend yields. It seemed sketchy to me, but if it works I’m willing to try it. Basically I’m asking do you think I should try using margin and putting all of my margin into this type of stuff? Also what is a satellite position?
Gotta so a satellite position is referring to smaller positions in a portfolio set up to supplement your core funds which are making up of a majority of my portfolio made up of YMAX, RDTE, OARK being greater than 50% of my entire portfolio so it’s the core. Then satellite is the other stuff I bought that is less than 10% of my total portfolio.
Now in terms of whether you should use all your margin I would say no since I don’t even use all my margin, I use 70% which for someone not as experienced, I would consider to be a death wish to even use anywhere more than half your total margin, but for supplementing a standard portfolio for income and just to empower you to keep investing by seeing a nice check every month with the high yield stuff I would personally dip my toes with 10-30% margin use in your personal situation IMO, of course take it with a grain of salt but thank you for checking out my journey and hope you stick around to see if it works out!
@ yeah I was going to probably use around 40%-50% which would be like $1k in YMAX and 1k in YMAG. Think that could at least get my feet wet and see if it’s worth it or not
You’ve got to focus on the long term goals, short term gains are great but not realistic most of the time. I love your dividend strat though I’m trying the same thing now with one of my accounts. Made a similar video on it on my channel.
Are you even looking at the same chart as everyone else? The YMAX NAV is increasing. Overall since it's inception, as of now, it's had more growth compared to other Yieldmax ETFs.
lol a trip to Asia would be an amazing experience at some point, can also be a target for the dividend income “when I reach x amount of income I can take a trip to Asia” very applicable perspective!
@@Payoutpuffnot afraid of margin with yield max Afraid of margin in the current market condition everyone left and right saying sht about to hit the fan Ten year treasury too high, etc
I get it risk tolerance is always specific to the individual and using only your own capital does not undermine the overall strategy and intention of the portfolio at all it could even cushion the fall down if your correct!
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I'm kinda doing the same thing, just using YMAX, QDTE, and XDTE as my core positions and dripping back into them instead of extending out into a bunch of the riskier positions.
That strategy may have less dividend yield however I think that since it is more diversified you are less prone to downside risk compared to mine so it is well worth it and also no need to analyse satellite positions since you just drip so it’s pretty good!
Curious as to what your interest is on the borrowed funds and how its calculated/ charged
@@JAbc360 5.75% yearly interest charged monthly after statement end
Where are you buying cornerstone?
@@Miguel_161 in fidelity!
I noticed you don't you have $CONY what do you think about $CONY?
It is in my watchlist for potential satellite positions, I really like it and if i got my dividends early i'd be scooping up some shares right now! definitely in steep discount for me currently!
@@Payoutpuff discounts even crazier today
How do you figure out if an ETF is on sale?
i typically just use the median price of the etf over multiple periods of time (month, year, inception etc) and if it co-aligns with other indicators that i use for technical analysis then that will indicate typically that its on sale.
I use the TAC for discount once I get first dividend payout
I have about $5100 right now in Robinhood with no margin. Mostly holding your standard stuff SPY, SCHD, Apple, Amazon. But I’ve been thinking about using margin to propel my growth. I actually started it but then switched back to cash and I’m glad I did because not long after that was when everything corrected lol. But I’ve never messed with any of these etfs that have like 50% dividend yields. It seemed sketchy to me, but if it works I’m willing to try it.
Basically I’m asking do you think I should try using margin and putting all of my margin into this type of stuff?
Also what is a satellite position?
Gotta so a satellite position is referring to smaller positions in a portfolio set up to supplement your core funds which are making up of a majority of my portfolio made up of YMAX, RDTE, OARK being greater than 50% of my entire portfolio so it’s the core. Then satellite is the other stuff I bought that is less than 10% of my total portfolio.
Now in terms of whether you should use all your margin I would say no since I don’t even use all my margin, I use 70% which for someone not as experienced, I would consider to be a death wish to even use anywhere more than half your total margin, but for supplementing a standard portfolio for income and just to empower you to keep investing by seeing a nice check every month with the high yield stuff I would personally dip my toes with 10-30% margin use in your personal situation IMO, of course take it with a grain of salt but thank you for checking out my journey and hope you stick around to see if it works out!
@ yeah I was going to probably use around 40%-50% which would be like $1k in YMAX and 1k in YMAG. Think that could at least get my feet wet and see if it’s worth it or not
You’ve got to focus on the long term goals, short term gains are great but not realistic most of the time. I love your dividend strat though I’m trying the same thing now with one of my accounts. Made a similar video on it on my channel.
Ymax is new? Seems like it’s just keep going down. Is it a good buy?
I like the idea of it and so far it’s holding its NAV somewhat decently so I’m taking a shot at it so far.
Are you even looking at the same chart as everyone else? The YMAX NAV is increasing. Overall since it's inception, as of now, it's had more growth compared to other Yieldmax ETFs.
Build build build build until we cross paths are bump heads in a friendly way and an exotic airport and Southeast Asia or wherever
lol a trip to Asia would be an amazing experience at some point, can also be a target for the dividend income “when I reach x amount of income I can take a trip to Asia” very applicable perspective!
💪💪💪
Dips are an opportunity.
Yup buy when people are most scared too is a good saying
Very good video. I like your mindset. Most of the RUclipsrs in this space are very weak
I appreciate that!
Especially the sweaty pumkin juggs
People are so afraid of margin it's such a shame
It is a doubled edged sword so i get it, but with the right guidance it can really speed up growth
Don't do margin myself. Rather just compound with what I have.
@@thebes118 totally a viable strategy too! No need if the income is enough with what you have!
@@Payoutpuffnot afraid of margin with yield max
Afraid of margin in the current market condition everyone left and right saying sht about to hit the fan
Ten year treasury too high, etc
I get it risk tolerance is always specific to the individual and using only your own capital does not undermine the overall strategy and intention of the portfolio at all it could even cushion the fall down if your correct!