Finally I understand synthetic shares ! You are a total legend Dave. The thing they are missing are a cheap hedge on the downside. If they accomplish that then they are real players. That can be done if they combine it with one or two other similar strategies because you get synergy from the overlaps of the protective long puts when positions are rolled. I am always surprised at the size of these positions as it is incredible they can actually list being this small. Speaks volumes for the great efficiency of the capital markets in the States.
Negatives: Big difference in the similar funds from 2 different companies. This leads me to believe that at least one company doesn't know what they are doing. Liquidity, maybe not?? Positives: I want funds like this to augment my portfolio but because of their inconsistent performance from one company to another, I will be staying away from them until they come forward with a more consistent performance. A lot of these funds are new and don't have a track record. Maybe you could do a best of this type of funds when you feel they a few of them have proven themselves over time. Thank you, Dave, for the review.
I just subscribed a couple days ago. Gotta admit not much of what you say is too diff from the others. It’s just how you say it and the humor that makes you much more fun to watch. So keep it up :)
Thank you for sharing that information that's a really good video you make it so easy to follow and understand greatly appreciate that. Please keep doing what you do🤙🏻
Hi Dave... I've been catching up on your archive of videos since I first discovered your channel through the Armchair Income interview. I felt compelled to respond to the fund manager's statement that their strategy wasn't accessible to retail traders. News flash: this isn't anything proprietary at all! Anyone can trade the options associated with this strategy. I've been doing a variation of it myself for several years. As a chartist, I prefer to use my own technical analysis to determine trends and decide whether to enter an options position. So I won't be an investor in their products: DIY!
I think his comment was mainly about having ease of access to it for retail investors. Simple to buy 1 share versus learning about options and covering the exposure to an expensive stock for example.
They are single stock ETFs so they will move. KURV is aware and said they will adjust distributions during down periods such as TSLA recently to reduce NAV erosion.
I am not a fan of these type of high yield ETF's, i.e. KURV, YieldMax, etc. I believe capital erosion is inevitable to sustain those high yields. TSLY's employment of a reverse split to prop up the share price is a very good example of my concern. I am watching SPYI, and QQQI, so am interested in your forthcoming video on said topic. I think these are interesting but am watching their performance during up and down days against the S&P and NASDAQ index respectively. I say "days" because they are so new and not much history. I'm most interested to learn if capital erosion exists with these funds.
Two areas... 1) did you ask them why pick them over YieldMax? What do they bring to the table that's better? 2) if this is managed by NEOS... is this a NEOS owned product but under a different brand? Why is this not offered by NEOS directly vs using the "managed by" NEOS description? In another YT channel, one of the NEOS fund manager said they were contracted by another firm to manage their fund, but stopped. Is this that fund? (Hard to tell on timing since I don't know the dates when all the interviews took place.)
KURV is the advisor. NEOS acts as the sub-advisor. Seems like it is not an uncommon practice. KURV pointed to their option strategy as a differentiator along with a desire to keep the NAV steady versus distributing more income.
This does not appear to have significantly higher returns than QQQI or FEPI, but have more risk because they are writing on a single stock. I still don't understand how this is a superior product. Esp since they don't own the actual shares which means dividends are classified as normal income. I would prefer SPYI or QQQI given less risk, and likely less taxes for about the similar yield (excl Tesla).
Thanks again Dave, I'm taking a small position in all their ETFs, I also hold NEOS positions as well. I do trade options but gave up on AAPL, MSFT, GOOG,NFLX, AMZN. I have a 30% "synthetic dividend" on TSLA but they are ahead of me with that one. Love your videos and are you taking a position on any of these?
@@kikilynn1167 Thanks for the time stamp. I saw the difference in performance. Just wondering if there’s a difference in how they are set up, or their strategy. Seems like they are the same, but the fund managers achieve slightly different performance.
Same option strategy but different approaches with the options themselves. For example, expiration on the short calls and strike prices that allow for more upside vs income. Kurv also seems to be considering NAV erosion with their distributions which I appreciate.
Dave you are, and I can say this with 100% confidence, the best looking source I follow online for information regarding income investing strategies.
Thanks! That is great to hear. Appreciate you following along.
Thanks Dave. I own 3 of the Yield Max etfs. So far so good. I will keep an eye on KURV for a possible future allocation.
👍Good luck Bullseye!
Finally I understand synthetic shares ! You are a total legend Dave. The thing they are missing are a cheap hedge on the downside. If they accomplish that then they are real players. That can be done if they combine it with one or two other similar strategies because you get synergy from the overlaps of the protective long puts when positions are rolled.
I am always surprised at the size of these positions as it is incredible they can actually list being this small. Speaks volumes for the great efficiency of the capital markets in the States.
You could always buy a put yourself to cover your position. I've never dove into it but would be interesting to explore.
This company has been doing great . One of the best!
I like the manager. Bright guy.
Great to see you Dave! Thanks for everything!
Thanks! Cheers!
Negatives:
Big difference in the similar funds from 2 different companies. This leads me to believe that at least one company doesn't know what they are doing.
Liquidity, maybe not??
Positives:
I want funds like this to augment my portfolio but because of their inconsistent performance from one company to another, I will be staying away from them until they come forward with a more consistent performance.
A lot of these funds are new and don't have a track record. Maybe you could do a best of this type of funds when you feel they a few of them have proven themselves over time.
Thank you, Dave, for the review.
Certainly. They are new. Interesting to watch them for a bit.
I just subscribed a couple days ago. Gotta admit not much of what you say is too diff from the others. It’s just how you say it and the humor that makes you much more fun to watch. So keep it up :)
Thanks! Appreciate it. If we have to learn this stuff we might as well enjoy it.
Thank you for sharing that information that's a really good video you make it so easy to follow and understand greatly appreciate that. Please keep doing what you do🤙🏻
Thanks! Nice to hear.
Hi Dave... I've been catching up on your archive of videos since I first discovered your channel through the Armchair Income interview. I felt compelled to respond to the fund manager's statement that their strategy wasn't accessible to retail traders. News flash: this isn't anything proprietary at all! Anyone can trade the options associated with this strategy. I've been doing a variation of it myself for several years. As a chartist, I prefer to use my own technical analysis to determine trends and decide whether to enter an options position. So I won't be an investor in their products: DIY!
I think his comment was mainly about having ease of access to it for retail investors. Simple to buy 1 share versus learning about options and covering the exposure to an expensive stock for example.
Kurv calls have more time decay than YieldMax. NAV erosion sucks though when stock its based goes bearish
They are single stock ETFs so they will move. KURV is aware and said they will adjust distributions during down periods such as TSLA recently to reduce NAV erosion.
Clear and concise overview!!
Thanks!
Thanks breaking it down, easy to understand now 🙏
Great to hear!
I am not a fan of these type of high yield ETF's, i.e. KURV, YieldMax, etc. I believe capital erosion is inevitable to sustain those high yields. TSLY's employment of a reverse split to prop up the share price is a very good example of my concern. I am watching SPYI, and QQQI, so am interested in your forthcoming video on said topic. I think these are interesting but am watching their performance during up and down days against the S&P and NASDAQ index respectively. I say "days" because they are so new and not much history. I'm most interested to learn if capital erosion exists with these funds.
I understand. Single stock ETFs like these are not for everyone.
Even though you failed on the "good Looking" category, you can still give us good information. Thank you
😮😮
Welcome! Thanks for watching.
Two areas... 1) did you ask them why pick them over YieldMax? What do they bring to the table that's better? 2) if this is managed by NEOS... is this a NEOS owned product but under a different brand? Why is this not offered by NEOS directly vs using the "managed by" NEOS description? In another YT channel, one of the NEOS fund manager said they were contracted by another firm to manage their fund, but stopped. Is this that fund? (Hard to tell on timing since I don't know the dates when all the interviews took place.)
Yeah, I am also curious why NEOS is operating under different names. I think they also manage, or did manage, NUSI under a different name.
KURV is the advisor. NEOS acts as the sub-advisor. Seems like it is not an uncommon practice. KURV pointed to their option strategy as a differentiator along with a desire to keep the NAV steady versus distributing more income.
This does not appear to have significantly higher returns than QQQI or FEPI, but have more risk because they are writing on a single stock. I still don't understand how this is a superior product. Esp since they don't own the actual shares which means dividends are classified as normal income. I would prefer SPYI or QQQI given less risk, and likely less taxes for about the similar yield (excl Tesla).
Thanks again Dave, I'm taking a small position in all their ETFs, I also hold NEOS positions as well. I do trade options but gave up on AAPL, MSFT, GOOG,NFLX, AMZN. I have a 30% "synthetic dividend" on TSLA but they are ahead of me with that one. Love your videos and are you taking a position on any of these?
I have not purchased any of these. I still like to do these types of trades myself. I do own a little SPYI however.
Always enjoy your videos. 😊. Maybe I missed it….what’s the difference between Kurv ETFs and Yieldmax ETFs?
They look soooo similar.
Watch the end of the video starting around 8:37 where he compares some Kurv to YM.
@@kikilynn1167 Thanks for the time stamp. I saw the difference in performance. Just wondering if there’s a difference in how they are set up, or their strategy. Seems like they are the same, but the fund managers achieve slightly different performance.
Same option strategy but different approaches with the options themselves. For example, expiration on the short calls and strike prices that allow for more upside vs income. Kurv also seems to be considering NAV erosion with their distributions which I appreciate.
@@wealthadventures got it. Thanks 😊
Hi, i own 20 stocks in all, 7cefs and 11etfs in different sectors and 2 individual stocks. Do you think i own too many index funds?
I'm sure you could live with less but unless you break it all down it is hard to say.
Dave you are hilarious. You have your own brand of charisma. Change your camera view? maybe your right side looks even more nicer than your left.
Ha! Thanks. Will consider the "multi-view" setup.
Great stuff - thanks !
I like yieldmax better. But yes kurv isnt bad.
If you like the strategy, worth watching both to see how they perform over the first few years.
@wealthadventures definitely. Good video. I'll add a little kurv
To be frank, your beauty is a bit distracting at times, but I watch all your videos because the content is A+++.
Ha! Thanks for watching.
I have 54k in yieldmax. This month i made 3200. Lol
Thanks
Thank ;you
Cheers!
Yieldmax is bad. This sounds like in time it will be bad too
I get it. They are not for everyone.
Invest in ZIVB, and you gonna sleep well.
Ooo I like. Thanks
With volume in the low hundreds, liquidity approaches zero. Too bad their algorithm sounds interesting.
They are new. It will take time to get them going.
1% is a no go for me....
What's 1% when your getting 20%+ ppl are funny
I get it. I'm not a fan of that 1% either.