I bought 125 shares of CONY in my ROTH IRA last September. I unfortunately did not DRIP the first 3 distributions. After that, I started, and now I have 252 shares. My initial investment was $2582. So far, I've received $3055 in dividends.
FELG, SCHG or SPYG as cheaper alternatives for your growth section of your portfolio. SCHD, SPYD or FDVV for the dividend section of your portfolio. And if you like aggressive dividends and are tolerant to higher risk, I’d say SPYI, JEPQ, QQI and IWMI. Personally I put down 1.3m$ on few ETFs, still diversifying. It was this time last year I made a huge break through with 200k. Handed it to a firm here in Texas, I get impressive weekly pay out which I put back on long term ETF's. IWM will probably crush it this quarter
A few months ago I invested $5500 into Cony to help pay the monthly payments ($325) for Invisaligns. Some months it paid in full, some months it didn’t, but it definitely helps. I’m in the red, because I bought when it was around $23/share. But I don’t have any plans to sell… I just plan to keep using the distributions to pay for stuff or save as travel money. I may start reinvesting 10% per month, but at the moment, I just take all the cash. I think it was a good investment… but it sucks being in the red.
So you "lost" alot of the initial capital, due to nav erosion on cony? But did the monthly payments decreased also or did they maintained steady monthly payments, of more or less the same dividends?
@@goncalosimoes8646 I’ve had Cony for the last 9 months. Since then, it has returned $3,300ish in distributions. If I were to sell, as of today, it’s worth $2,719. I expect it will pay itself off in the next year. Highest distribution was $598, lowest was $215, so it’s all over the place. But it’s an investment that I just plan to keep forever, even if it shows as red when I look at my account.
I doubt you are in the red. Sure on paper the NAV shows as red but add the dividends and compare it to youre shares , Ill bet you are still a head. You could even average down so it "looks" like you are green. I use the 25% rule 25% back into etf ( drip ) 25% pay off where i borrowed the $ from 25% into the SP500 stable and 25% into cash for savings .
I do something similar to this. I invested in CONY and I use the distributions to buy other ETFs. It was actually doing ok until August hit I used the time to buy more shares. Hopefully crypto has a run up soon and there is some NAV appreciation.
This is exactly what I have been doing, purchasing say $12k of high yielders like MSTY, CONY, etc. that essentially repay the initial investment in about a year and then continue to distribute roughly $1k/per month almost in perpetuity. Income strategies are fundamentally different than retirement strategies in part because NAV erosion and value are less important than the income generated. Distributions are also different than dividends as is their relationship to the underlying holding or asset.
This is a good idea, but you can triple dip on this idea. Put some money in a high yield savings account at around 4%. Then get a 2% cash back credit card. Now send the CONY dividends to the HYSA, have the bill charge to the 2% cash back credit card, and have the credit card auto pay from the HYSA. When your HYSA gets enough extra, from the 2% card, and the 4% HYSA, buy another CONY stock. It should start snow balling on you.
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, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I own 3000 shares of Cony and I'm in the red also obviously but I hope to not always be in the red. I take out a few thousand for bills every month and invest the rest in other stocks. I don't know if I'd trust cony alone to pay my bills but it is sure good enough to diversify and buy other stocks. I think in 2-5 years I'll be sitting pretty. Right now I'm investing in the Maui method and also buying other high yelding stocks. That's the plan anyways for now.
Keep in mind, Majority of the past divs were when Cony was still trading above $20. As I mentioned in the last video, Cony dropped from $20 to $12 in only the last 2 months. So future divs could end up significantly lower if it can't recover (entirely depends on COIN). In my opinion, a strategy like this would be better with MSTY. Probably a mix of MSTY, CONY, NVDY, and 1 other, such as TSLY or something.
I invested in it this spring, right before the crash. That being said I kept with it and reinvested the dividends. My goal is to keep reinvesting until I hit XX dollars that I can reinvest in something else like VOO or BRK.B or maybe I'll add to my Mag 7 positions. I've not been too disappointed with these income ETF strategies. I'm just dollar cost averaging down because Bitcoin will recover and then those 1.50+ dividends will return.
If you buy these to grow your nav then you are missing the point of these stocks. View it like owning a business that pays your bills. If u don’t sell your shares then you don’t lose money with nav erosion.
I think it will be a profitable long term strategy because options tap into the gambler lottery mindset. Most people are gamblers and you can help supply the casino with options to gamble on. The gamblers buy lotto tickets and you collect option premium in perpetuity.
I view these high yield funds as “oil wells” some day they will dry up. So I decided to buy a few lots of a few different funds so I’m not too deep, and just collecting from them until Mr. Market decides to shut down my oil wells lol hopefully I can get at least 5 years out of them.
All of these high yield funds are going to be forced to recapitalize at some point. The NAV erosion means the pool of money is getting smaller and smaller each month. The only way they recapitalize is to halt the payouts until they build the investment pool back up. If they don't recapitalize, the fund will have to close, and those who get in late could lose substantial money.
@@AverageJoeInvestor thanks for your comment the only reason I said something is because I'm currently doing exactly that with MSTY in my Roth account.
@@sharingsuccess3663 If the ETF keeps decreasing in value fast enough, reinvesting will just mean you are paying taxes on the money and getting no benefit at all from total return increase. And you are paying the very high fees. I wouldn't go as far to call these yieldmax funds a scam as they seem to be pretty honest about them but they don't seem to have any upside that the underlying doesn't have.
Interesting strategy I want to put in place myself to fill my retirement contribution rooms. But in your example, your forgot to account for taxes on the income, looking at opportunity cost vs an growth index funds and taxes refund if money is invested in a retirement account should also be done.
You would need a backup plan in case CONY continues to decline and pay less over time. Maybe invest more than the minimum needed according to your calculations. You always have to adapt when dealing with high yield investments.
Is pretty simple you invest 2000usd and get money 200 per month forever if you do the math in 1 year you can have your investment back and never invest anymore but keep receiving money thats a win win always since your initial investment is back.
What’s your opinion on selling covered calls out 3 months 10-15% out the money on positions you hold long and wouldn’t mind selling. The premium up front is good and don’t have to keep setting up contracts. I’m thinking on some of my stocks like PNC and AMT for the January expiration. The premiums are half year worth of dividends, in 3 months essentially.
CONY + reinvested dividends received (before tax) follow almost exactly the COIN ETF price, I am trying to understand how this work? Are you expecting COIN to recover which then, with the dividend reinvested, would bring higher return? Basically, if investing 1K$ each into COIN and CONY fully reinvested will this end up with the same amount after 2 years?
Am I correct in understanding that the dividend is based on a specific percentage and not a specific amount? For example… if I have 10 shares and I don’t sell any or buy more, my dividend payments will fluctuate. (Yes, I’m new)
NO. The "yield" value is a simple calculation of the dividend paid out (for the last 12 months ... aka. TTM = Trailing Twelve Months), in other words, the total amount of money paid out during the year, then divided by the current price. The yield is not what you will get in the future. The fund managers decide and announce how much they will pay out, and when. So, a simplified example is like this.... Company XYZ announced every 3 months, over the last two years, that they would pay out $0.20 per share. So we only look at the last year. So over the last year, they paid $0.80 per share. The current price is $40 per share. So their "annualized yield" is 2%. You could also calculate it like this.... Current dividend of 0.20 divided by share price of 40 = 0.005 then multiply by 4 (because four payments a year) which equals 2%. This is an easy way to calculate the current yield, but doesn't take into account any fluctuations in the dividend. If all payouts were the same, it does work fine. But let's say that in 6 months the stock price is now $80 but they still paid out the same 0.20 every 3 months.... now the current yield would change to 1% You are still getting paid the same, but since the yield number drops, it feels like it's less. But you also gained 100% value in the increase of the stock price. Look at it, like if you bought a house and rented it out. You are still collecting the same rent. But the value of the home has increased. Over time, the dividend payout should go up, if the company is doing well. Does that help at all ??
I really appreciate all of the work that you put into your videos. I watch them all and sometimes I try some of your best of the best high yielders. So far so good in my portfolio.
People that are relying on the NAV should not be in these funds, its not as much about the NAV thats a bonus if it stays sideways at the minimum. Its the payout per month or actualy it has gone to weekly. Like MSTY , I bought 200 shares and it was twice as much as it is now yet Im still a head as the dividends ROI'd so now I have the money back as well as the shares . For me its a win and now I have tripple the shares. But as you said , I also have TSLY and NVDY . All are paying about $3K / month
Joe, a suggestion: a lot of your bottom lines and recommendations are based on someone that’s not retired yet. so obviously,a growth ETF will always be the best strategy. But it would be helpful for Retirees, and FIRE viewers, to add to your analysis and recommendations on owning these high yield funds for these people .
I have enough in CONY and NVDY to pay ~$200.00 a month which I re-invest in other stocks. So sorta the same concept. ;) Those talking about NAV erosion need to take a closer look at the price for CONY bouncing lower and higher than it currently is ( along with the pay out ) throughout it's entire lifespan so far. The volatility of this stock is truly a thing of wonder.
I purchased cont back in November and kept increasing until I hit 100 but after I seen it go up to 26 and eventually start dropping I lower my position. Until it hit $18 and sold all
I don’t think you are going to get what you want out of this experiment. First off, I think you picked the wrong high yield ETF. Crypto should go on a very strong bull run but after the crypto run ends Coinbase is going to tank for a while. Also, with yield max, you really should be reinvesting at least 25% of your monthly distributions and letting them compound for several years otherwise your cost basis is just not going to be very stable with this particular fund.
You neglected to factor in the taxes you pay on these monthly distributions. Per your other video where you talk about strategies for income generation usin options trading maybe now you can appreciate what many of us have been doing successfully for the past couple of years. 25% of my entire investment portfolio is devoted to a collection of covered calls ETFs and the dividend distributions serves to replace my yearly salary.
Joe, You initially made a video about CONY when it first appeared and you said it was "Risky". I didn't listen to you and bought 300 shares. In 30 days In lost $1,000 and that's after waiting for the distribution. Thank you Japan carry trade. Look at the NAV now. CONT is a dog, stay away!
The flaw in your reasoning is this example ignores what cony follows if crypto goes into the dumpster like it does from time to time this will affect coinbase which cony tries to track in that case it 🎉will not come even close to paying your bill
You are not risking alot of money it is OK to experiment to see if this works I would use the lowest payment that you looked at it would not change your calculation too much and would be safer
I can appreciate that. My experiment will be a portfolio of 4-7 YIELDMAX funds, not just one. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
I bought 125 shares of CONY in my ROTH IRA last September. I unfortunately did not DRIP the first 3 distributions. After that, I started, and now I have 252 shares. My initial investment was $2582. So far, I've received $3055 in dividends.
@@johnt697 Not at all. On a total return basis I have a 33% return. My price return is down 27%. CONY is only 6% of my account. It's part of the speculative portion. I have Core and Satellite positions.
I bought 125 shares of CONY in my ROTH IRA last September. I unfortunately did not DRIP the first 3 distributions. After that, I started, and now I have 252 shares. My initial investment was $2582. So far, I've received $3055 in dividends.
As a foreigner I have a good amount of CONY stocked up, however what will would be the best 5 etfs to hold now
FELG, SCHG or SPYG as cheaper alternatives for your growth section of your portfolio. SCHD, SPYD or FDVV for the dividend section of your portfolio. And if you like aggressive dividends and are tolerant to higher risk, I’d say SPYI, JEPQ, QQI and IWMI. Personally I put down 1.3m$ on few ETFs, still diversifying. It was this time last year I made a huge break through with 200k. Handed it to a firm here in Texas, I get impressive weekly pay out which I put back on long term ETF's. IWM will probably crush it this quarter
I already added VOO and QQQM, can you share this firm with me
Yeah, Jennifer Kristie Taylor use her name to look her up
SPY, QQQ, IWM, and currently TLT. I only have 4. Jennifer’s firm grows a good portion of my diversification, I live in Connecticut.
A few months ago I invested $5500 into Cony to help pay the monthly payments ($325) for Invisaligns. Some months it paid in full, some months it didn’t, but it definitely helps. I’m in the red, because I bought when it was around $23/share. But I don’t have any plans to sell… I just plan to keep using the distributions to pay for stuff or save as travel money. I may start reinvesting 10% per month, but at the moment, I just take all the cash. I think it was a good investment… but it sucks being in the red.
So you "lost" alot of the initial capital, due to nav erosion on cony? But did the monthly payments decreased also or did they maintained steady monthly payments, of more or less the same dividends?
Same I take cash now till I pay my debt slowly reinvest I have most shares in nvdy and some in cony another 1k or so qqqy
@@goncalosimoes8646 I’ve had Cony for the last 9 months. Since then, it has returned $3,300ish in distributions. If I were to sell, as of today, it’s worth $2,719. I expect it will pay itself off in the next year. Highest distribution was $598, lowest was $215, so it’s all over the place. But it’s an investment that I just plan to keep forever, even if it shows as red when I look at my account.
@@goncalosimoes8646 These are the distributions from oldest to newest: $508.15, $230.20, $355.85, $598.35, $488.35, $363.63, $336.86, $215.43, $223.37
I doubt you are in the red. Sure on paper the NAV shows as red but add the dividends and compare it to youre shares , Ill bet you are still a head. You could even average down so it "looks" like you are green. I use the 25% rule 25% back into etf ( drip ) 25% pay off where i borrowed the $ from 25% into the SP500 stable and 25% into cash for savings .
I do something similar to this. I invested in CONY and I use the distributions to buy other ETFs. It was actually doing ok until August hit I used the time to buy more shares. Hopefully crypto has a run up soon and there is some NAV appreciation.
@@qbanb8582 yep
This is exactly what I have been doing, purchasing say $12k of high yielders like MSTY, CONY, etc. that essentially repay the initial investment in about a year and then continue to distribute roughly $1k/per month almost in perpetuity. Income strategies are fundamentally different than retirement strategies in part because NAV erosion and value are less important than the income generated. Distributions are also different than dividends as is their relationship to the underlying holding or asset.
This is a good idea, but you can triple dip on this idea. Put some money in a high yield savings account at around 4%. Then get a 2% cash back credit card. Now send the CONY dividends to the HYSA, have the bill charge to the 2% cash back credit card, and have the credit card auto pay from the HYSA. When your HYSA gets enough extra, from the 2% card, and the 4% HYSA, buy another CONY stock. It should start snow balling on you.
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, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
My $100k portfolio of diversified high yield funds pays for my $2k monthly mortgage and then some - works like a charm
Awesome! THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
After 12 or so months, you've got all of you're initial money invested and now it's house money.
I own 3000 shares of Cony and I'm in the red also obviously but I hope to not always be in the red. I take out a few thousand for bills every month and invest the rest in other stocks. I don't know if I'd trust cony alone to pay my bills but it is sure good enough to diversify and buy other stocks. I think in 2-5 years I'll be sitting pretty. Right now I'm investing in the Maui method and also buying other high yelding stocks. That's the plan anyways for now.
What was your buying price?
I'm thinking buy now since it's close to the all time low.
@@MrMakemusicmike I bought at 24$ it tanked and I'm hoping it goes back up but I'm still getting a good dividend.
Keep in mind, Majority of the past divs were when Cony was still trading above $20. As I mentioned in the last video, Cony dropped from $20 to $12 in only the last 2 months. So future divs could end up significantly lower if it can't recover (entirely depends on COIN).
In my opinion, a strategy like this would be better with MSTY. Probably a mix of MSTY, CONY, NVDY, and 1 other, such as TSLY or something.
Great comment. I plan to use a portfolio of 4-7 YieldMax funds in this test. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
Can you please address or explain how this strategy will affect taxes.
I invested in it this spring, right before the crash. That being said I kept with it and reinvested the dividends. My goal is to keep reinvesting until I hit XX dollars that I can reinvest in something else like VOO or BRK.B or maybe I'll add to my Mag 7 positions. I've not been too disappointed with these income ETF strategies. I'm just dollar cost averaging down because Bitcoin will recover and then those 1.50+ dividends will return.
If you buy these to grow your nav then you are missing the point of these stocks. View it like owning a business that pays your bills. If u don’t sell your shares then you don’t lose money with nav erosion.
Nav erosion will over time reduce the actual $ recieved per share. You forgot taxes too. Total return - taxes = real $. 😊
Also the expense ratio when it comes due.
Expense ratio is deducted via NAV reduction. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
How will it reduce the amount of distribution you get if nav goes down when they pay based on number of shares you own?
I think it will be a profitable long term strategy because options tap into the gambler lottery mindset. Most people are gamblers and you can help supply the casino with options to gamble on. The gamblers buy lotto tickets and you collect option premium in perpetuity.
I view these high yield funds as “oil wells” some day they will dry up. So I decided to buy a few lots of a few different funds so I’m not too deep, and just collecting from them until Mr. Market decides to shut down my oil wells lol hopefully I can get at least 5 years out of them.
All of these high yield funds are going to be forced to recapitalize at some point. The NAV erosion means the pool of money is getting smaller and smaller each month. The only way they recapitalize is to halt the payouts until they build the investment pool back up. If they don't recapitalize, the fund will have to close, and those who get in late could lose substantial money.
If you DCA that will counteract nav erosion
That would only be true if the ETF were ever to start rising in value. There is no reason to expect that in this case.
Thats true. I plan to reinvest anything above the monthly payment. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
Compounding dividend interest would still balance it out, if reinvesting.
@@AverageJoeInvestor thanks for your comment the only reason I said something is because I'm currently doing exactly that with MSTY in my Roth account.
@@sharingsuccess3663 If the ETF keeps decreasing in value fast enough, reinvesting will just mean you are paying taxes on the money and getting no benefit at all from total return increase. And you are paying the very high fees.
I wouldn't go as far to call these yieldmax funds a scam as they seem to be pretty honest about them but they don't seem to have any upside that the underlying doesn't have.
Interesting strategy I want to put in place myself to fill my retirement contribution rooms. But in your example, your forgot to account for taxes on the income, looking at opportunity cost vs an growth index funds and taxes refund if money is invested in a retirement account should also be done.
Cony and fiat do 70 30 ratio. So when cony goes don fiat goes up.
You would need a backup plan in case CONY continues to decline and pay less over time. Maybe invest more than the minimum needed according to your calculations. You always have to adapt when dealing with high yield investments.
Agreed. I plan to use a portfolio of 4-7 YieldMax ETF’s. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
I stopped DRIPping awhile back due to the NAV erosion. The same with many of YM and Defiance funds. Fear of more reverse splits.
This is a great idea! Great video like always. But quick question: why did you decide to use CONY? Why not another? Thanks
I was hoping to get an answer as I posted on the same day you posted 😢 but i know you are busy
That sounds too good to be true. So, what is the returns, the yield then??
Is pretty simple you invest 2000usd and get money 200 per month forever if you do the math in 1 year you can have your investment back and never invest anymore but keep receiving money thats a win win always since your initial investment is back.
Would it be convenient to put a STOP loss on this type of ETF?
What’s your opinion on selling covered calls out 3 months 10-15% out the money on positions you hold long and wouldn’t mind selling. The premium up front is good and don’t have to keep setting up contracts. I’m thinking on some of my stocks like PNC and AMT for the January expiration. The premiums are half year worth of dividends, in 3 months essentially.
I like it. MSTY should be part of it.
THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
Brilliant👍
CONY + reinvested dividends received (before tax) follow almost exactly the COIN ETF price, I am trying to understand how this work? Are you expecting COIN to recover which then, with the dividend reinvested, would bring higher return? Basically, if investing 1K$ each into COIN and CONY fully reinvested will this end up with the same amount after 2 years?
Funds like this are best treated as a condiment. Think a bit of sauce or seasoning added to a normal portfolio.
distributions coming from my own capital Cony, Tsly, Nvdy
I’m investing $25,000 in CONY in November
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Am I correct in understanding that the dividend is based on a specific percentage and not a specific amount? For example… if I have 10 shares and I don’t sell any or buy more, my dividend payments will fluctuate. (Yes, I’m new)
Correct. You should watch Joe's other videos on this ( CONY ) product earlier. He does a good job explaining.
NO. The "yield" value is a simple calculation of the dividend paid out (for the last 12 months ... aka. TTM = Trailing Twelve Months), in other words, the total amount of money paid out during the year, then divided by the current price. The yield is not what you will get in the future. The fund managers decide and announce how much they will pay out, and when. So, a simplified example is like this....
Company XYZ announced every 3 months, over the last two years, that they would pay out $0.20 per share. So we only look at the last year. So over the last year, they paid $0.80 per share. The current price is $40 per share. So their "annualized yield" is 2%. You could also calculate it like this.... Current dividend of 0.20 divided by share price of 40 = 0.005 then multiply by 4 (because four payments a year) which equals 2%. This is an easy way to calculate the current yield, but doesn't take into account any fluctuations in the dividend. If all payouts were the same, it does work fine. But let's say that in 6 months the stock price is now $80 but they still paid out the same 0.20 every 3 months.... now the current yield would change to 1% You are still getting paid the same, but since the yield number drops, it feels like it's less. But you also gained 100% value in the increase of the stock price. Look at it, like if you bought a house and rented it out. You are still collecting the same rent. But the value of the home has increased. Over time, the dividend payout should go up, if the company is doing well. Does that help at all ??
The dividend he shows in the video is 1.05 for 1 share. 10 shares would be 10.50.
I’m using these to fund my IRAs.
Awesome! THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
I really appreciate all of the work that you put into your videos. I watch them all and sometimes I try some of your best of the best high yielders. So far so good in my portfolio.
People that are relying on the NAV should not be in these funds, its not as much about the NAV thats a bonus if it stays sideways at the minimum. Its the payout per month or actualy it has gone to weekly. Like MSTY , I bought 200 shares and it was twice as much as it is now yet Im still a head as the dividends ROI'd so now I have the money back as well as the shares . For me its a win and now I have tripple the shares. But as you said , I also have TSLY and NVDY . All are paying about $3K / month
Forgot to consider taxes.
But with nav erosion you need to reinvest maybe half back into cony. So would need around 5k.
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Got $7500 in qqqy, should I sell or keep? Anyone?
If your like me for the long run , keep it, not counting if you sell that now not even owning it more than a year, you will pay hefty on taxes...
@@michaelabrigo351 Thanks for the advice
In a crypto bull maybe in a crypto bear no
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Hedge cony with fiat
Tsly pays my house payment
Joe, a suggestion: a lot of your bottom lines and recommendations are based on someone that’s not retired yet. so obviously,a growth ETF will always be the best strategy.
But it would be helpful for Retirees, and FIRE viewers, to add to
your analysis and recommendations on owning these high yield funds for these people .
I have enough in CONY and NVDY to pay ~$200.00 a month which I re-invest in other stocks. So sorta the same concept. ;)
Those talking about NAV erosion need to take a closer look at the price for CONY bouncing lower and higher than it currently is ( along with the pay out ) throughout it's entire lifespan so far. The volatility of this stock is truly a thing of wonder.
Great comment. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
Drip it
I can see Cony reverse split when the price gets too low( i.e. Oark, Tsly) which would impact the price further but your on the money. Thank you.
I purchased cont back in November and kept increasing until I hit 100 but after I seen it go up to 26 and eventually start dropping I lower my position. Until it hit $18 and sold all
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I don’t think you are going to get what you want out of this experiment. First off, I think you picked the wrong high yield ETF. Crypto should go on a very strong bull run but after the crypto run ends Coinbase is going to tank for a while. Also, with yield max, you really should be reinvesting at least 25% of your monthly distributions and letting them compound for several years otherwise your cost basis is just not going to be very stable with this particular fund.
You neglected to factor in the taxes you pay on these monthly distributions. Per your other video where you talk about strategies for income generation usin options trading maybe now you can appreciate what many of us have been doing successfully for the past couple of years. 25% of my entire investment portfolio is devoted to a collection of covered calls ETFs and the dividend distributions serves to replace my yearly salary.
Joe, You initially made a video about CONY when it first appeared and you said it was "Risky". I didn't listen to you and bought 300 shares. In 30 days In lost $1,000 and that's after waiting for the distribution. Thank you Japan carry trade. Look at the NAV now. CONT is a dog, stay away!
All these ETF's are in a downward trend. It would be better just to do Options at this time.
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The flaw in your reasoning is this example ignores what cony follows if crypto goes into the dumpster like it does from time to time this will affect coinbase which cony tries to track in that case it 🎉will not come even close to paying your bill
You are not risking alot of money it is OK to experiment to see if this works I would use the lowest payment that you looked at it would not change your calculation too much and would be safer
I can appreciate that. My experiment will be a portfolio of 4-7 YIELDMAX funds, not just one. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
CONY is a CON.. what in the world.... Is this a way to lose money quickly.
I bought 125 shares of CONY in my ROTH IRA last September. I unfortunately did not DRIP the first 3 distributions. After that, I started, and now I have 252 shares. My initial investment was $2582. So far, I've received $3055 in dividends.
@@TheSNIEGRAE Ok, you received 3K in dividends , but I would guess your etf is more 3K down. Anyway, I do hope it works out for you.
@@johnt697 Not at all. On a total return basis I have a 33% return. My price return is down 27%. CONY is only 6% of my account. It's part of the speculative portion. I have Core and Satellite positions.
Qqqy recent increased Div last one was 3.50 also Iwmy I do like Cony is cheap right now pays okay but I see bitcoin has been having a rough future
Might be true. We will see. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎
But with nav erosion you need to reinvest maybe half back into cony. So would need around 5k.
Possibly, unless you’re not worried about capital value over time. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎