Peaceful that’s Great! Ya as long as the underlying can remain steady, this income can be used for whatever you have!! I’m so happy to hear it’s working out great for you, I love to hear it!!’
Ya we all start somewhere. Probably going to keep adding 50 to 100 a week after distribution. Or Friday. Price seems to lag a bit until Tuesday/ Weds comes back around. Good luck
I have been doing a similar strategy with BITO for the last 3yrs, reinvesting all each month and adding more shares each month. The past year my reinvested dividends are giving me 300 more shares each month. I have over 14,300 shares now and am getting about 15,000 a month. I also sold cash secured puts on BITO and used the money I collected to buy more BITO shares. I'm also doing Deep-ITM calls, and when I sell and take profit, I use half the money I collected to buy more BITO shares. NVDY, MSTY, CONY, PLTY, I am just reinvesting dividends, I sold some BETH, EETH, BITX to fund more of BITO, and buy call options on Blackrocks Bitcoin ETF, IBIT. Good job on ethe spread sheet. Very impressive.👍👌
Your math is off. Total Dividends without reinvesting dividends is actually $5,340.56, not $6,166.25 (sum of 1,004.02 starting shares X the dividend factor for each dividend period). So total ending balance WITHOUT reinvesting dividends is $17.64 (ending share price) X 1,004.02 shares = $17,710.09 + Dividends of $5,340.56 = $23,051.47, which is the total ending value without reinvesting dividends. Also, using the share price at the dividend X-date to calculate the number of additional shares reinvested is not accurate, as the share price used for reinvestment is the share price on (or immediately after) the payment date of the dividend. Mean now harm in my comment ....just keeping it real
The fact that he said you make more without reinvesting dividends then if you do and didnt realize how stupid that was, didnt catch in post and doesnt even admit the mistake means they shouldnt be giving advice on anything.
Drag/autofill function will save you years of your life at this rate. Make 2 cells by hand then highlight them both, then drag the dot on the bottom right all the way and it will autofill for as long as you want. If you want some cells to stay constant like f5 then you put dollar signs with it so $F$5. On real excel there is a shortcut key to automatically add the $ signs if you hold it down and click the cell you want to not move in the autofill formula.
Ehhh Disney that’s great, when you don’t have as many shares it’s easy to build a position fast and see the scaling of your shares to dividends! $50 every week is not bad, I try to do about $1,500 every 2 weeks but I’m trina build pretty aggressively
Big numbers motivate people.....yeah right, i work 40hrs/w for minimum wage and at the end of the month from basic bills rent/utilities and internet i have 200 bucks for disposable income, thats all to say big numbers scare the sht out of me since i cannot save enough to matter in terms of big numbers lol.
Gotcha, thats a tough spot, where I might begin is looking where I could potentially save a few dollars. I would honestly dedicate myself to a little grind season, it's winter and most people are inside anyways. If your down for it, maybe some extra hours and I would put all that time into your account so you can compound. At the end of the day you do what works for you but push yourself to put yourself in a better position if thats what you want.
I suppose eventually there will be a reverse split if the NAV keeps dropping. Currently it is at 18.42 but it has been lower. Just got started this month with 1000shares @18.43. Two weekly distributions. .38% drop today. Looks like you could manage the share price by selling all your shares on the day the drip posts if the price is at the top of the BBs. Then wait till the price drops to the bottom of the BBs then buy all your shares back. Might miss a couple of weekly distributions but the share price difference could make up the lost distribution and then some. There would be some tax issues. Will think about it during 2025 Good luck to all and hope this works. Long time holder of CLM - buy it when it is 7ish and sell it at 9ish.
The math is wrong homie. How can you say not reinvesting the dividends is better when you’re using the additional shares you bought w dividend money into the equation to increase your position. This is just dumb. SMH
Your not "doing the numbers" if your completely wrong. They aren't upset about the outcome which is out of your control, they are pointing out your failings in doing the work properly which you can control and should since it's misleading info in a financial advice channel that profits off it's viewers. Hope you fixed their complaint and git gud kid.
Only time will tell with these types of ETFs…if they still here by 2030, you will have made some serious cash. IMO GL to both of us…I bought $5k worth of CONY today.
2000 shares of MSTY for and 1500 shares of ULTY. Literally life changing income for me. This income is paying off mortgage and even debt for me.
Peaceful that’s Great! Ya as long as the underlying can remain steady, this income can be used for whatever you have!! I’m so happy to hear it’s working out great for you, I love to hear it!!’
Been doing this for 2 years now life changing these funds are keep up the great content! 🎉
I've got 6000shares in Ymax. Started around 17.40. So far 3 dividends. Couldn't be more pleased. See how it goes. Thx for the videos
Justin that’s awesome! That’s a pretty good entry price too, right on, I’m up to just over 700 right now, slowly but surely building!!
Ya we all start somewhere. Probably going to keep adding 50 to 100 a week after distribution. Or Friday. Price seems to lag a bit until Tuesday/ Weds comes back around. Good luck
I’m almost to 90 shares 🎉
I have been doing a similar strategy with BITO for the last 3yrs, reinvesting all each month and adding more shares each month. The past year my reinvested dividends are giving me 300 more shares each month. I have over 14,300 shares now and am getting about 15,000 a month. I also sold cash secured puts on BITO and used the money I collected to buy more BITO shares. I'm also doing Deep-ITM calls, and when I sell and take profit, I use half the money I collected to buy more BITO shares. NVDY, MSTY, CONY, PLTY, I am just reinvesting dividends, I sold some BETH, EETH, BITX to fund more of BITO, and buy call options on Blackrocks Bitcoin ETF, IBIT. Good job on ethe spread sheet. Very impressive.👍👌
Justin, those practice accounts are a good learning tool. Keep it up.
Your math is off. Total Dividends without reinvesting dividends is actually $5,340.56, not $6,166.25 (sum of 1,004.02 starting shares X the dividend factor for each dividend period). So total ending balance WITHOUT reinvesting dividends is $17.64 (ending share price) X 1,004.02 shares = $17,710.09 + Dividends of $5,340.56 = $23,051.47, which is the total ending value without reinvesting dividends. Also, using the share price at the dividend X-date to calculate the number of additional shares reinvested is not accurate, as the share price used for reinvestment is the share price on (or immediately after) the payment date of the dividend. Mean now harm in my comment ....just keeping it real
um, this is not financial advice, for entertainment purposes only....😆😆
I agree. His math is dumb. He needs to apply the avg cost.
YMAX 👍💯💯
Yesirrr
I need only cashflow. I just hope this fund stays until I die.^^
The fact that he said you make more without reinvesting dividends then if you do and didnt realize how stupid that was, didnt catch in post and doesnt even admit the mistake means they shouldnt be giving advice on anything.
Drag/autofill function will save you years of your life at this rate. Make 2 cells by hand then highlight them both, then drag the dot on the bottom right all the way and it will autofill for as long as you want. If you want some cells to stay constant like f5 then you put dollar signs with it so $F$5.
On real excel there is a shortcut key to automatically add the $ signs if you hold it down and click the cell you want to not move in the autofill formula.
i got 215 shares and buying $50 every week now
Ehhh Disney that’s great, when you don’t have as many shares it’s easy to build a position fast and see the scaling of your shares to dividends! $50 every week is not bad, I try to do about $1,500 every 2 weeks but I’m trina build pretty aggressively
Video starts at 0:00
200 each of Msty cony nvdy with $20 cdn will hit this target
Big numbers motivate people.....yeah right, i work 40hrs/w for minimum wage and at the end of the month from basic bills rent/utilities and internet i have 200 bucks for disposable income, thats all to say big numbers scare the sht out of me since i cannot save enough to matter in terms of big numbers lol.
Gotcha, thats a tough spot, where I might begin is looking where I could potentially save a few dollars. I would honestly dedicate myself to a little grind season, it's winter and most people are inside anyways. If your down for it, maybe some extra hours and I would put all that time into your account so you can compound. At the end of the day you do what works for you but push yourself to put yourself in a better position if thats what you want.
I suppose eventually there will be a reverse split if the NAV keeps dropping. Currently it is at 18.42 but it has been lower. Just got started this month with 1000shares @18.43. Two weekly distributions. .38% drop today. Looks like you could manage the share price by selling all your shares on the day the drip posts if the price is at the top of the BBs. Then wait till the price drops to the bottom of the BBs then buy all your shares back. Might miss a couple of weekly distributions but the share price difference could make up the lost distribution and then some. There would be some tax issues. Will think about it during 2025 Good luck to all and hope this works. Long time holder of CLM - buy it when it is 7ish and sell it at 9ish.
Can you do one on YMAG ?
YMAG, sure ya, maybe that will be my video for tomorrow 😏
You really see it when you do a second year
The math is wrong homie. How can you say not reinvesting the dividends is better when you’re using the additional shares you bought w dividend money into the equation to increase your position. This is just dumb. SMH
Hey Mr. Unknown, I’m just doing the numbers 🙂
Your not "doing the numbers" if your completely wrong. They aren't upset about the outcome which is out of your control, they are pointing out your failings in doing the work properly which you can control and should since it's misleading info in a financial advice channel that profits off it's viewers. Hope you fixed their complaint and git gud kid.
I have 500 a month to invest thought about buying tsly cony and msty apply divided up every month until 2030 your thoughts
Only time will tell with these types of ETFs…if they still here by 2030, you will have made some serious cash. IMO GL to both of us…I bought $5k worth of CONY today.
I have in 60K
Level is about to level up, I would love to hear your thoughts cause thats awesome!!
You gotta work on not thumping the desk
Than
Man
When this goes to zero, you would regretn
garbage funds
Bro your crazy
I have 2000 shares of YMAX at 17.63
Awesome. That is a bit on the higher end I would say for the price but if you could eventually average down at $16 area, that would be very solid!
@@HonorableInvesting I will be collecting around 2000 bucks in total, with the five weekly dividend payments..YMAX has been doing ok for now.