Thanks for the vdo. I just realized that I should move my money from A to YMAX for better earnings. Time to dine out!!! Btw, I also hit a subscribe button for you. 👌
just sold 900 shares of QYLD and put it into Ymax. Brings me up to 3400 shares. My goal is $1000 a week using the minimum payment of .18 cents per share. I have some ways to go.
And you need to take into account NAV erosion. YTD return on YMAX is around 26% - not 70% or whatever you are calculating. This includes all dividends and NAV adjustments. Of course, 26% return is still pretty decent.
Appreciate your video 😊 . Keep them coming. However few pointers- 1. Take an avg of .18 or so weekly 2. Take 52 weeks and divide the amount by 12 3. Need to factor in withholding taxes and income taxes. 4. If you keep withdrawing & paying your bills, with the NAV erosion, # of shares remain constant, & Distributions might decline in the long run if you don't DRIP and DCA. Just my thoughts. Correct me if I'm wrong. 🤙
Ya anytime🙂. Yes yes, ahhh ya haha that’s a better way to divide it. Ya absolutely, we could take of 15-30% from that monthly income. Absolutely agree, Dhiraj I totally see your point and I appreciate them, nah your absolutely right
Short answer. Yes, yes it will. I have $60k in ymax and is one of my largest holdings. The trick is to use margin to your advantage and have the dividends pay back the margin while your drip grows
You need at least 100k invested imo because you gonna get those days of $0.10 so that way you'll always make at least $500 a week at a low and 1k on average
I see that over the past year the price has consistently fallen from roughly $22 down to $17. Is this something I should be concerned about? Thank you for your responses!
With the price constanly going down over time a person would need to reinvest a certain percentage of their dividends in order to keep the initial investment amount.
I am getting in a lot of Yieldmax ETF'S. One Defiance ETF. Still putting a small amount into BDC'S, one REIT and one tax free. I just hope there are no troubles for Yeidmax.
@ it’s paid 0.30 only 1 time. It’s also paid .12 and .14 a few times as well. With these type of funds it’s better to be conservative because you’re also not factoring in NAV erosion.
Lee I can’t answer that question for you but one thing I would say is what are you looking for? Do you want capital appreciation or dividends. As well why only NVDA & NVDY, have you looked at other stocks too?
I'm sure it can,depending on whether it's a bull or bear market. I'm hedging all my bets on APLY,AMZY,MSFO,NVDY,MSTY,SQYTSMY,YMAX,ULTY. JPMO,ABNY,MRNY. The ugly forgotten ducklings always end up turning out to be mega
Your math is off. Multiply the weekly income by 52 weeks, then divide by 12 to get the monthly income. All your estimates are low. Thanks for the video.
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Thanks for the vdo. I just realized that I should move my money from A to YMAX for better earnings. Time to dine out!!!
Btw, I also hit a subscribe button for you. 👌
just sold 900 shares of QYLD and put it into Ymax. Brings me up to 3400 shares. My goal is $1000 a week using the minimum payment of .18 cents per share. I have some ways to go.
you should be using the average, not the latest. about .20
And you need to take into account NAV erosion. YTD return on YMAX is around 26% - not 70% or whatever you are calculating. This includes all dividends and NAV adjustments. Of course, 26% return is still pretty decent.
Even less, I'd say .15 per share. There are days where it's as low as .12
Appreciate your video 😊 . Keep them coming. However few pointers-
1. Take an avg of .18 or so weekly
2. Take 52 weeks and divide the amount by 12
3. Need to factor in withholding taxes and income taxes.
4. If you keep withdrawing & paying your bills, with the NAV erosion, # of shares remain constant, & Distributions might decline in the long run if you don't DRIP and DCA. Just my thoughts. Correct me if I'm wrong. 🤙
Ya anytime🙂. Yes yes, ahhh ya haha that’s a better way to divide it. Ya absolutely, we could take of 15-30% from that monthly income. Absolutely agree, Dhiraj I totally see your point and I appreciate them, nah your absolutely right
@@HonorableInvesting🙂
Short answer.
Yes, yes it will. I have $60k in ymax and is one of my largest holdings. The trick is to use margin to your advantage and have the dividends pay back the margin while your drip grows
How are your dividends both paying back the margin AND DRIPing?
Probably half and half. Half Reinvested half into margin.
Until a downturn get you a margin call pretty quickly
You need at least 100k invested imo because you gonna get those days of $0.10 so that way you'll always make at least $500 a week at a low and 1k on average
I see that over the past year the price has consistently fallen from roughly $22 down to $17. Is this something I should be concerned about? Thank you for your responses!
Keep the day job, while using the drip with YMAx. The snowball affect is well worth it
Oh Robert absolutely, that’s what I’m doing right now and continuing to add cash with that
With the price constanly going down over time a person would need to reinvest a certain percentage of their dividends in order to keep the initial investment amount.
Let see i pay my bills what happens if the price doesn't recovers ???
@@gugustoy6208 agreed that’s why you have to be able to reinvest a portion of the dividend in order to maintain total return over time.
use half to pay bills and other half to buy the dip
You think half will do to even ?? Did you do your numbers@FightcadeMatchups
Didnt you get like taxed for the dividend?
Yes
No one ever factors that in….
You should take the average of one month.
I am getting in a lot of Yieldmax ETF'S. One Defiance ETF. Still putting a small amount into BDC'S, one REIT and one tax free. I just hope there are no troubles for Yeidmax.
That last dividend was higher than normal. Shouldn’t take that. Should take the average
That’s true, I heard the average is about .18 but I know YMAX is all over the place even paying .30 sometimes so I just did I it with .24🙂
@ it’s paid 0.30 only 1 time. It’s also paid .12 and .14 a few times as well. With these type of funds it’s better to be conservative because you’re also not factoring in NAV erosion.
Is it better to buy NVDA or NVDY I have $57,000??
Lee I can’t answer that question for you but one thing I would say is what are you looking for? Do you want capital appreciation or dividends. As well why only NVDA & NVDY, have you looked at other stocks too?
Please split your screen with calculator on one side and table on the other to minimize jumping around. And stop moving your mouse so much
I'm sure it can,depending on whether it's a bull or bear market.
I'm hedging all my bets on APLY,AMZY,MSFO,NVDY,MSTY,SQYTSMY,YMAX,ULTY.
JPMO,ABNY,MRNY.
The ugly forgotten ducklings always end up turning out to be mega
Your math is off. Multiply the weekly income by 52 weeks, then divide by 12 to get the monthly income. All your estimates are low. Thanks for the video.
We have 1010 shares and on average marking 210 a week
Okay Shane that’s blessed 1000 is a lot of peoples goal right there!
The dividend is not 24 cents each week it fluctuates too much. You need to do an average on the dividend
The average is .20 cents
You guys are correct. I know because I invested 100k in ymax
Nav erosion is pretty bad so far.
I can't invest in anything lower than $2 per share ,, smcy till it pops
Did Ymax pay out a dividend today?
Because of the holidays, YMAX will pay Monday 12/30 and Monday 1/6/25, per their website.
@ thank you for the response!
They just went ex dividend, you should see the dividend Monday or tues
You get taxed and Nav just covers what you gain in dividends..
Let's Goooop!!!
$50k in ymax can pay a cybertruck😅
Will CONY pay your bills? No it won't but it will erode 26% of your principal in a month.