Hello, I was able to tell immediately that at least one stock (YMAG) had an incorrect distribution rate. Their most recent dividend yield was 45.49% and then 53.84% before that one. You had 10%. I wonder how much of a difference it would have made? I wonder if there were any others with different yields? Were the yield rates even apart of the calculations?
I initially did the big ticket buy, 125k into SCHD, 75k TSLA, 25k VYM, 25K VUG. Now I'm dca buying roughly 2k every week of whatever is on sale, and looking to add more tech positions to my portfolio. I'm looking to hold long term 15 - 20 years, so hopefully my lump sum buy in doesn't bite me in the ass long term.
In the past month, my "unexciting" index funds provided me with over $6,000 in dividends, giving me the option to spend without selling shares. Currently, I've opted to reinvest the dividends to acquire additional index funds for future growth.
I agree; I have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.
Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
Certainly, there are a handful of experts in the field. 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 hold 4 Yieldmax ETFs (TSLY, NVDY, AMDY, AMZY) and I've capped my investment at 23K so I'm not adding more shares. Every month they are paying me on average well over 1K, all of which I reinvest into other high yield ETFs that I consider less risky than Yieldmax. If the distributions continue as is, by next spring or summer I'll have gotten all my investment capital back and I'll be playing on house money. Then if the funds continue to chug along I might consider reinvesting with Yieldmax, or just keep adding to SCHD, JEPQ, ISPY, etc.
@@jibberjabber-fm6pb Its expense ratio is higher than any of the YM funds, and most, if not all, pay at least that much or more. Also, with the incoming administration, anything heavy in ESG and DIE might be at risk of taking a pretty good hit.
If you don't like to see red numbers next to your stock don't buy these stocks. If it doesn't bother you because you're using the dividends to pay bills or to reinvest elsewhere and you know what goes down does come up, then you are fine. The highest stock "profit" i ever saw was NVDY +2,000 when it went on a run before the stock split. I just stopped buying stock until it went red again. I'm in these stocks for the dividends.
Should've went with amzy. Very very strong track record. Plus even though Amazon is a single stock, as a business it's one of the most diversified company on the market.
I find I like to add to my AMZY position in the 18 range. I find buying as close to the lows as possible very important for those that want to preserve principal
That would depend on the country you in, different brokers for different countries, for me In no order: 1) VOO 2) QQQM 3) SCHG/VUG 4) VTI 5) SCHD/DGRO. Personally I put down 1.3m$ on few ETFs, still diversifying. As a foreigner it was this time last year I made my huge break through with a liquid 200k. Handed it to a Pro here in Illinois, I get impressive weekly pay out which I put back on long term ETF's. IWM will probably crush it this quarter
For the Yield Max ETFs, Im in MSTY, CONY, NVDY, YMAX, NFLY, PLTY. Very happy and satisfied since June 25th, 2024. MSTY and CONY have nearly doubled since entry and DRIPn
Awesome. I am already doing the same strategy to pay off my car. If Nav drops 50% and i paid off my car, it would be like a having a discount on the car of 50%. I still win.
@@ty6390if the car is 60,000. He puts into 60,000 into yeildmax. He then uses the dividends to pay the car off. If the stock goes to 30,000 but the car gets paid off. He is still 30,000 ahead vs paying 60,000 in cash on the car.
thank you for putting a lot of work to give this presentation. it provides a good value for many people and I like it. However, I would recommend calculating the yield based on median price of ETF not based on the most recent price. For example, the price of MRNY was $22 a few months ago but now it is $8, so of course the yield will be high if you calculate it based on the current price. It is also possible that MRNY will have a reverse split soon. It would mean that the number of shares that one has will be slashed in half. This is my 2 cents.
I hold ULTY, MSTY, CONY, and NVDY. $2500 invested, down $95.58 from Capital. Pulling around $135 a month. Which, buys more shares of SCHG and SCHD (and buys more of both of those starting next month).
I think something important to note is that YieldMax ETFs don't have a set dividend target in $ or %. It's just based on shares and performance, so even if your invested capital eroded by 26% if you got in 6 months ago, you still gained $10.1382/share over that same time period (+46%). You're still net +20% which is not a bad place to be
I agree, working with a financial specialist has been the game-changer for me since 2020 pandemic. Helped with invaluable insights and tailored strategies that aligned perfectly with my goals and risk tolerance. As of today, I'm just about 10% shy of my $1m goal.
Annette Louise Connors is the licensed advisor I use. Just google the name and you'd find basic info. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
thanks for putting this out, curiously inputted Annette Louise Connors on the web, spotted her consulting page and was able to schedule a call session, she actually shows a great deal of expertise.
We have 200 shares of Nvdy at 21.77 and 200 shares of fby at 18.10 and just started rolling half the divys from those back in and the other half into spyi. So far ytd right at 700 a month in divys and up 19%. I’ll take that
@@TheSighlent1 I have about 64k invested however about 57k is in YM, REX, and Round Hill, the other 7k is invested in the older style type funds with low yields like QYLD, Jepi, DIVO,NUSI, etc.. I don't invest in these anymore, I just have them on DRIP.
Same here but I have $40,000 into the MSTY ETF and it’s paying very close to $5,000 a month in dividends which has allowed me to stop making out of pocket contributions!!
Alot of silly people in the comments have litterally no clue!!! Give you my example, i put 50k into cony= 2.5k shares. In 1 year got my 50k back, and still have my shares paying me month in and out, freeeee money now!! Do the math 😎.. work smarter not harder fr fr
@@Yieldthief As per your example, if you would have put that same 50K to buy directly COIN shares 1 year ago when it about $80, you would have DOUBLED your money with today's price of $163. Although you got paid $50K in dividends in that 1 year but you are still down about $15K on your CONY stock price, so you are overall still down in comparison to if you would have simply bought COIN shares 1 year ago. Such investment vehicles are designed to make the fund owners rich, not the people who invest in them. All that shines is not gold.
Great video the big winners of the yieldmax funds are Msty and Nvdy,if you got in from the jump they started at 20 bucks which all there funds start at and Msty has gone as high as 44 so you are getting great distribution and you could have sold high and bought back in at the lower price.
Something you should talk about is that, assuming a constant underlying volatility, as long as the stock prices increase the distributions will increase as well.
Great work . I have 4 portfolios and one is my "Monthly Burn" silly name but it is what I need total a month to get by and I withdraw 90% of the cash on a monthly bases ( No need to go into my other portfolios) if your research pays out I could lower the size of that portfolio by 72% and distribute the money to my other portfolios. I will probably join your group soon just not much time to devote right now ( dealing with parents in hospice)
ETF's like XOMO and APLY pay less because they are more stable, but they are still paying 20-30% per year, which is fantastic compared to most dividend stocks. Good choices for people that want to avoid nav decay and the higher risk.
What was the loan amount and what was the term. So… how long does this $3000 have to generate $185 per month? Will be interesting to see what is left after the loan is paid. Sort of key to making this experiment interesting. Great work with the spreadsheet and explaining your reasoning. I would have takin the bitcoin one. The volatility is wonderful and the long term appreciation should work in your favour too.
now take your data and let us know what ym funds compounds the fastest if we reinvest % ? on 1000 5000 10000 for example.. ty your the excel master at this.... 🤑
ULTY already holds Microstrategy and coin base and it has held those since inception so I think best to remove those single stock tickers no need to overlap. Honestly you are probably best off just going with ULTY for this experiment.
If RFK Jr. is confirmed as HHS, ANYTHING investing in pharma may be at high risk. This means YM may have to change strategy with MRNA. There is no guarantee, just something to be aware of and watch. Great video and work though. I have also found that if reinvest at least some of your earning it has great benefit when investing YM funds.
Hi sorry! What happens if they do a 3:1 etf merger? Assuming theyre retired and using these income etfs to live on, wouldnt a merger destory their monthly dividend income?
No, income would remain the same but triple per share. So say you have 300 shares and you're making 1 dollar per share thus 300 a month. With the merger you'd have 100 shares that would pay 3 dollars a month, so still 300 dollars. In reality the payments on these funds drift down so the normal best practice is to reinvest a portion of your payments
The main question to ask - is such an income generation sustainable? Most of these funds suffer from significant NAV erosion, which generates reverse stock splits. Once the split occurs the number of shares decreases and one is faced with a much reduced distribution and to keep the cash flow going one needs to add money.
These distributions are an eyewash…. My growth portfolio was always in the green and much ahead of these high yielders…. Such that i can sell few of growth stocks every month to generate that income for myself on my own and still be in the green.
I think you just have absolutely no clue how they work lol.... i got my investment back.. 50k in 1 year..now all the dividends i get is all free money risk free 😎 😎
I’m dollar cost averaging into 3 of these about 5 days before ex dividend date then I’ll try to sell for profit or break even as well after payout date. In hopes to get 4-6% dividend in 2 weeks time then able to free up the capital and trade my own covered calls and sell puts the rest of the month I have the cash.. if the stock drops too much I’ll prob just hold it until it comes back. 🤷🏻♂️ going to give this strategy a try
You should dive deeper into the whole “pay bills with dividends” thing - there is virtually ZERO content on RUclips about this, or anywhere. I have been building a portfolio that pays all my monthly bills with a bunch of CEFs/ETFs (UTG, PTY, etc), and I haven’t payed an electric bill in 6mo and it is pretty damned awesome. Building my Income Factory!
Thanks for the video ...been doing amazing well with CINY, MSTY...very volatile, but I'm not trading them. They are going to sit there. And we know that BTC is only going to go up.
It's like anything else - if your account smells and tells dumb jokes but saves you thousands, do you fire him? No! I don't have to like the Moderna Yieldmax ETF but I'm in it. :)
He's looking for a use for them. For me, I like the idea of it paying me back everything I invested and then giving me more money to invest elsewhere. I put a small 100 shares in my Roth and am letting it grow a little. Once it reaches a certain point, the rest of the money goes into developing other, more stable, and growing positions.
its called average costing. I only buy yield max, and I've made almost 10k in dividends with like 25k invested, and its not even been a year. My dividends are more than depreciation because I bought at high, but since they are cheap now, I'm average costing and buying more. You have to look at the long term and volatile. Just look at tesla a few months ago and now its comeback due to the FED cutting interest rates. Dollar cost average is key. Take those premiums.
I think your ymag and ymax calculation may be wrong. They've generally had pretty decent distributions. But one thing, they recently changed their divs from monthly to weekly. So I wonder if that may have skewed your results?
Huge fan of YieldMax ETFs, but only with the proper mindset/usage. Because the fund managers are really only focused on maximizing distributions and not NAV, these funds are like reverse mortgages and perfect to use when you want the nest egg to shrink to get as much income from it as possible each time it pays...but with gradually declining overall payments as the nest egg shrinks.
Reverse mortgage is a really good analogy. I find the best way to re-invest is to buy in chunks and only buy more when it has gone down 60-80% in the same sized "dollar chunks" and repeat. As you harvest the income while waiting for it to go down, it pays itself off then it's like you are buying more at a discount. The more you buy in chunks at a discount, the faster the remaining balance pays itself off. I don't believe dripping a certain % is the best way. It has to be at certain drawdown points. It also increases the probability that you'll catch a fund where the underlying reverses to the upside if it's been going down.
@@stevelavery4766 Thank you. Yes, these funds are very misunderstood even by people who like them. I just want to add that whenever I hear "you need to drip 70% of the dividend to keep your capital stable" they are missing the point that by dripping they will be going down faster and it takes longer for the position to pay itself off, which is why I think the sweet spot for buying more is 60-80% drawdown. At 60% drawdown the same dollar chunks as original book cost will buy you 5x the shares, and at 80%, it buys you 10x. If half of the draw down or more has been paid back to you in dividends then it's like you are getting more shares at a discount, and it reduces the time the remaining book cost pays itself off. Doing it this way automatically brings your cost average very close to the current market price.
This year is even worse than the last. Last year, I lost a lot of money on bad investments that I never would have made if I hadn't been so worried about my portfolio. I didn't know if I should continue to invest or pay my mortgage off. After selling my investments, I discovered that the house needed more work than I thought it would. I don't know how long I can keep doing this.
Invest in businesses that have predictable cash flows to diversify your holdings. In the ten months after I hired a planner to assist me build my portfolio at the end of 2023, I have made money in over 500 different markets. If 2023 teaches us anything, it's that good luck never lasts. We should work harder to be ready for the worst case scenario even in good times.
Alright, so where can someone locate a reliable financial planner? It won't be a problem for me to find the professional who helped you. I'll be retiring in two years, and I might require assistance with handling my far more valuable assets. I'm not willing to take any risk
Own the underline asset at least one share so you can track option call and jump in when the stock goes down, Never buy up on their share price so let’s say your cost basis on amzy is 19.50 and it’s trading at 20.25 don’t buy it, focus on another (good) asset that’s trading at discount, and sell for profit ripping when the opportunity appears, I currently 100 shares of MSTY at21.86 if it goes up to 28.00 I’m selling two thirds of it for profit, put it in another fund or just hang on to it for red days, they will come.
Great video!. Quick question, do you ever think these ETFs would shut down or stop paying you entirely?. The concept is great but im worried if in the coming years they will still keep paying me or not?.
I can appreciate the question. I can’t see why that would happen. The ETF’s are based on underlying stocks and if anything you’d instead see a reverse stock split help recover the price per share. Nothing is guaranteed though. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
@@AverageJoeInvestor thank you for the comment. I guess I'm just thinking from a pmcc or a covered call perspective. Say you own a 100 shares and you keep selling in the money call, if taken enough losses wouldn't it eventually not let you buy 100 shares and hence not letting you implement the strategy entirely?.
@@AverageJoeInvestor thanks for the video. I recently signed up to be a member of your club! One observation. The YM ETFs are actually based on derivatives of the stocks, and not the stocks themselves. I'm not suggesting this is wrong, but it is important to know these ETFs are buying option contracts and do not own the actual stock itself in order to be able to provide these returns.
What is the percentage of reduction in the NAV over the periods? I think your investment should be based on the projected NAV price for a certain period of time at the end (2-3-5 years) and then work back to see what you need to have that $185/mo at the end. Whatever extra you make, you can reinvest to increase the shares and keep the distribution consistent. I don't know if that makes sense or not to you.
Not that i did anywhere near the amount of research on these as you, but from the few i looked at the distributions are all over the place and the NAV has a consistent downward trend. I cannot imagine with those two factors how you can have any confidence in the "in perpetuity" part of this experiment. One thought experiment with these would be if you got 100% return on your distributions but NAV goes to 0. At the end you got your money back. As a bonus you get a tax bill on the income. I feel like these videos are marketing to get people to sign up for your patreon and the target audience is people that enjoy watching train wrecks.
How will you allocate your $3,000 amongst the YM funds you have selected for investment to yield $185 per month? Does your method of selection work to pick out the best YM funds in general?
For YMAX and YMAG, the 30 day SEC yield is quite high, and the distribution rate is low. For all individual stocks, this is flipped. is this significant in any way? How does it impact taxes, payout etc..
I have been using a similar strategy although I am using the distributions to reinvest and to buy other more stable/long term funds. Will you be reinvesting anything you're paid in excess of $185/mo?
Hi, thank You so much, for the video. I am very new to dividend investing, but i already own 3230 etf's all from YieldMax. I have a big worry; volks are telling me that YieldMax etf's are not sustainable, and i can lose all my money. Is that realy so risky ?????
My $0.02....Overlay one of these yieldmax ETFs with the underlying stock....You'll realize these funds aren't doing much. Just in the last year, Coinbase is up 198% and CONY is down 23%....Even if you factor in the distributions, you're nowhere near up on CONY. Good luck.
This is the best video I've ever seen on youtube! In the the update videos, can you share how many shares of each of the YieldMax ETFs you initially chose? Also would be curious about any tweaking you might have to do to keep the $185 coming in.
Hmm I use them for income to buy others stocks soon 4500 shares tsly msty 3250 shares ulty 5000 shares nvdy 3000 shares few others produce about 24k a month
*Make sure to leave your $0.02 in the comments! Which YieldMax ETF's would you have chosen instead? Make sure to leave a comment!*
0.03 comments.......bumping comments up...........all true😬😬😬😬
Hello, I was able to tell immediately that at least one stock (YMAG) had an incorrect distribution rate. Their most recent dividend yield was 45.49% and then 53.84% before that one. You had 10%. I wonder how much of a difference it would have made? I wonder if there were any others with different yields? Were the yield rates even apart of the calculations?
@AJI: Diversify with Defiance, Roundhill and inverse Yieldmax etfs
Can you talk about the NAV errosion as well in this ?
in this bull market, the inverse would be not be a great choice. But I do like your other suggestions.
I initially did the big ticket buy, 125k into SCHD, 75k TSLA, 25k VYM, 25K VUG. Now I'm dca buying roughly 2k every week of whatever is on sale, and looking to add more tech positions to my portfolio. I'm looking to hold long term 15 - 20 years, so hopefully my lump sum buy in doesn't bite me in the ass long term.
In the past month, my "unexciting" index funds provided me with over $6,000 in dividends, giving me the option to spend without selling shares. Currently, I've opted to reinvest the dividends to acquire additional index funds for future growth.
I agree; I have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
Her name is “Aileen Gertrude Tippy” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.
Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
Your advisor must be really good, how I can get in touch with them as my porfolio isn't doing well.
Certainly, there are a handful of experts in the field. 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.
- Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I hold 4 Yieldmax ETFs (TSLY, NVDY, AMDY, AMZY) and I've capped my investment at 23K so I'm not adding more shares. Every month they are paying me on average well over 1K, all of which I reinvest into other high yield ETFs that I consider less risky than Yieldmax. If the distributions continue as is, by next spring or summer I'll have gotten all my investment capital back and I'll be playing on house money. Then if the funds continue to chug along I might consider reinvesting with Yieldmax, or just keep adding to SCHD, JEPQ, ISPY, etc.
Don't forget to set aside some money to pay taxes on those dividends if this is in a taxable broker account. 👍
I think this is a good strategy. Use the proceeds to build up more stable assets.
Would love to hear and see more about this, wanting to do the same. Do you have a spreadsheet you worked all this off of
@@Chris-ew9mh how bad are the taxes on these yieldmax etfs?
whch ones are your order high yield ETFs?
Love the effort and work you put into bringing this analysis forward.
YMAG, YMAX went weekly just recently as a heads up, so that may skew some recent data.
i have ECAT which pays %20 divi and it actually goes up in price. ymax and ymag only drain your balance
@@jibberjabber-fm6pb Its expense ratio is higher than any of the YM funds, and most, if not all, pay at least that much or more. Also, with the incoming administration, anything heavy in ESG and DIE might be at risk of taking a pretty good hit.
If you don't like to see red numbers next to your stock don't buy these stocks. If it doesn't bother you because you're using the dividends to pay bills or to reinvest elsewhere and you know what goes down does come up, then you are fine. The highest stock "profit" i ever saw was NVDY +2,000 when it went on a run before the stock split. I just stopped buying stock until it went red again. I'm in these stocks for the dividends.
I'm up 3 grand on MSTY right now
Rip those gains off the top.@@educationjack5730
@@educationjack5730how much was your initial investment?
@@furbabies867 THANK YOU for watching and leaving your $0.02 in the comments! 👍😎
Buy the inverse funds as a hedge.
Should've went with amzy. Very very strong track record. Plus even though Amazon is a single stock, as a business it's one of the most diversified company on the market.
amzy has had a matching return as amazon whereas nvdy has had 1/2 return of nvidia. i dont know why people dont check this important metric.
I find I like to add to my AMZY position in the 18 range. I find buying as close to the lows as possible very important for those that want to preserve principal
What would be the best 5 etfs for a foreign beginner
That would depend on the country you in, different brokers for different countries, for me In no order: 1) VOO 2) QQQM 3) SCHG/VUG 4) VTI 5) SCHD/DGRO. Personally I put down 1.3m$ on few ETFs, still diversifying. As a foreigner it was this time last year I made my huge break through with a liquid 200k. Handed it to a Pro here in Illinois, I get impressive weekly pay out which I put back on long term ETF's. IWM will probably crush it this quarter
Thank you, I already added VOO and QQQM, can you share this Pro with me
Yeah, Jennifer Kristie Taylor use her name to look her up
SPY, QQQ, IWM, and currently TLT. we only have 4. Jennifer grows our stock, we live in Connecticut.
I have heard other FAdvisor’s speak of her good works in the industry
For the Yield Max ETFs, Im in MSTY, CONY, NVDY, YMAX, NFLY, PLTY. Very happy and satisfied since June 25th, 2024. MSTY and CONY have nearly doubled since entry and DRIPn
AWESOME!! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻
I remember when you used to hate on these. Glad to see you are coming around to the real potential of these.
Awesome. I am already doing the same strategy to pay off my car. If Nav drops 50% and i paid off my car, it would be like a having a discount on the car of 50%. I still win.
Please explain.
@@ty6390if the car is 60,000. He puts into 60,000 into yeildmax. He then uses the dividends to pay the car off. If the stock goes to 30,000 but the car gets paid off. He is still 30,000 ahead vs paying 60,000 in cash on the car.
thank you for putting a lot of work to give this presentation. it provides a good value for many people and I like it. However, I would recommend calculating the yield based on median price of ETF not based on the most recent price. For example, the price of MRNY was $22 a few months ago but now it is $8, so of course the yield will be high if you calculate it based on the current price. It is also possible that MRNY will have a reverse split soon. It would mean that the number of shares that one has will be slashed in half. This is my 2 cents.
I hold ULTY, MSTY, CONY, and NVDY. $2500 invested, down $95.58 from Capital. Pulling around $135 a month. Which, buys more shares of SCHG and SCHD (and buys more of both of those starting next month).
I am going to try this exact strategy, $100 a week. Is this a good move and how long would you go with it? Drip?
I think something important to note is that YieldMax ETFs don't have a set dividend target in $ or %. It's just based on shares and performance, so even if your invested capital eroded by 26% if you got in 6 months ago, you still gained $10.1382/share over that same time period (+46%). You're still net +20% which is not a bad place to be
Moving from single stocks to ETFs, tired of the circus. Thoughts on your best possible strategies to diversify a 6-figure portfolio please.
The current market gives opportunities to maximize returns, but in order to execute such strategy, you must be a skilled practitioner
I agree, working with a financial specialist has been the game-changer for me since 2020 pandemic. Helped with invaluable insights and tailored strategies that aligned perfectly with my goals and risk tolerance. As of today, I'm just about 10% shy of my $1m goal.
@@beautifulpeopleonearth this is quite encouraging for newbies like myself, i'm in dire need of portfolio management... think your advisor can help?
Annette Louise Connors is the licensed advisor I use. Just google the name and you'd find basic info. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
thanks for putting this out, curiously inputted Annette Louise Connors on the web, spotted her consulting page and was able to schedule a call session, she actually shows a great deal of expertise.
We have 200 shares of Nvdy at 21.77 and 200 shares of fby at 18.10 and just started rolling half the divys from those back in and the other half into spyi. So far ytd right at 700 a month in divys and up 19%. I’ll take that
I really enjoyed this video. I loved the presentation and your organizational approach.
Thank you for your time!
I love your Yieldmax and high yield videos very entertaining and informatic. Keep up the great work!
I just hit 2k a month with a combination of yield max, Rex shares and round hill, I don’t put anymore money into the account it funds itself
Awesome!! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
How much do you have invested in total in these ETFs?
@@TheSighlent1 I have about 64k invested however about 57k is in YM, REX, and Round Hill, the other 7k is invested in the older style type funds with low yields like QYLD, Jepi, DIVO,NUSI, etc.. I don't invest in these anymore, I just have them on DRIP.
@@TheSighlent1 if he's getting 2k a month im gonna guess at least about 30k
Same here but I have $40,000 into the MSTY ETF and it’s paying very close to $5,000 a month in dividends which has allowed me to stop making out of pocket contributions!!
Thanks!
@@joannemeeks745 WOW, thank you! I appreciate it! 👍😎
My favorite content, simply love high Yield EFT's 😊
I have a small amount of YMAX. Estimate 40% annual yield. Starting September, fund is paying weekly. Also less nav erosion.
Awesome! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
NAV erosion is almost a non-issue with YMAX compared to the others...
Alot of silly people in the comments have litterally no clue!!! Give you my example, i put 50k into cony= 2.5k shares. In 1 year got my 50k back, and still have my shares paying me month in and out, freeeee money now!! Do the math 😎.. work smarter not harder fr fr
THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
Helicopter money! 🤑🤑
@@Chris-ew9mh indeed indeed 🤑🤑
@@Yieldthief As per your example, if you would have put that same 50K to buy directly COIN shares 1 year ago when it about $80, you would have DOUBLED your money with today's price of $163.
Although you got paid $50K in dividends in that 1 year but you are still down about $15K on your CONY stock price, so you are overall still down in comparison to if you would have simply bought COIN shares 1 year ago.
Such investment vehicles are designed to make the fund owners rich, not the people who invest in them. All that shines is not gold.
I wasnt expecting MRNY. I may have to add that one to my portfolio. Thanks !
Hey Joe... can u do BITO pls...ty.. always njoy ur analogy
THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
Great video the big winners of the yieldmax funds are Msty and Nvdy,if you got in from the jump they started at 20 bucks which all there funds start at and Msty has gone as high as 44 so you are getting great distribution and you could have sold high and bought back in at the lower price.
Something you should talk about is that, assuming a constant underlying volatility, as long as the stock prices increase the distributions will increase as well.
Great work . I have 4 portfolios and one is my "Monthly Burn" silly name but it is what I need total a month to get by and I withdraw 90% of the cash on a monthly bases ( No need to go into my other portfolios) if your research pays out I could lower the size of that portfolio by 72% and distribute the money to my other portfolios. I will probably join your group soon just not much time to devote right now ( dealing with parents in hospice)
You should test if you buy both long and short tsly and see where you’d end up if the market goes up and down.
Ha, interesting thought… THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
ETF's like XOMO and APLY pay less because they are more stable, but they are still paying 20-30% per year, which is fantastic compared to most dividend stocks. Good choices for people that want to avoid nav decay and the higher risk.
Thank you for such an enlightening analysis, Sir.
Joe, for the $3,000 investment are you splitting it equally between the 7 funds?
I asked the same thing. For my own experiment, I gave each ETF a weight (Dividend Payout / Share price as a percentage). Then adjusted accordingly.
@@markpatton2837 yes, equal weighting.
MSTY, AMZY are my fav’s
What was the loan amount and what was the term. So… how long does this $3000 have to generate $185 per month? Will be interesting to see what is left after the loan is paid. Sort of key to making this experiment interesting.
Great work with the spreadsheet and explaining your reasoning. I would have takin the bitcoin one. The volatility is wonderful and the long term appreciation should work in your favour too.
Very interesting theory. Something i have been curious about doing somewhat
THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
I keep listening to this video. You really hit it out of the park with this one ⚾️ 🏟!!!!
Thanks for analyzing all of the dividend data. I am hoping you were able to import it without manually entering every single dividend.
I would definitely sell high and look for reentries. I understand the scope of the video is narrow. Just adding a thought.
Defiance etf's are index based but also ar paying weekly divs. IWMY, QQQY, WDTE
now take your data and let us know what ym funds compounds the fastest if we reinvest % ? on 1000 5000 10000 for example.. ty your the excel master at this.... 🤑
Great analysis 🎉
ULTY already holds Microstrategy and coin base and it has held those since inception so I think best to remove those single stock tickers no need to overlap. Honestly you are probably best off just going with ULTY for this experiment.
And ulty actually holds the assets
Interesting. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
MSTY and CONY pay such high dividends that they have to stay. And the capital appreciation goes to the moon in an uptrend. 💸
Did you account for TSLY reverse split when you calculated yield and $ of distributions for TSLY?
If RFK Jr. is confirmed as HHS, ANYTHING investing in pharma may be at high risk. This means YM may have to change strategy with MRNA. There is no guarantee, just something to be aware of and watch. Great video and work though. I have also found that if reinvest at least some of your earning it has great benefit when investing YM funds.
Hi sorry! What happens if they do a 3:1 etf merger? Assuming theyre retired and using these income etfs to live on, wouldnt a merger destory their monthly dividend income?
No, income would remain the same but triple per share. So say you have 300 shares and you're making 1 dollar per share thus 300 a month. With the merger you'd have 100 shares that would pay 3 dollars a month, so still 300 dollars. In reality the payments on these funds drift down so the normal best practice is to reinvest a portion of your payments
Very fine video -thanks!
The main question to ask - is such an income generation sustainable?
Most of these funds suffer from significant NAV erosion, which generates reverse stock splits. Once the split occurs the number of shares decreases and one is faced with a much reduced distribution and to keep the cash flow going one needs to add money.
I thought Jay says distribution would be more because of the adjustment.
Yeah these funds are for suckers. Spy beats all of them. All these videos are just mental gymnastics wasting time on a spreadsheet.
These distributions are an eyewash…. My growth portfolio was always in the green and much ahead of these high yielders…. Such that i can sell few of growth stocks every month to generate that income for myself on my own and still be in the green.
I think you just have absolutely no clue how they work lol.... i got my investment back.. 50k in 1 year..now all the dividends i get is all free money risk free 😎 😎
@@NoParking121lol 👀
Awesome video. That was great info.
What do u think of ymax ymag weekly divends
Thanks! They’re still pretty new with the weekly frequency. We will see. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
I’m dollar cost averaging into 3 of these about 5 days before ex dividend date then I’ll try to sell for profit or break even as well after payout date. In hopes to get 4-6% dividend in 2 weeks time then able to free up the capital and trade my own covered calls and sell puts the rest of the month I have the cash.. if the stock drops too much I’ll prob just hold it until it comes back. 🤷🏻♂️ going to give this strategy a try
I set cony up on drip and holding for long term
You should dive deeper into the whole “pay bills with dividends” thing - there is virtually ZERO content on RUclips about this, or anywhere. I have been building a portfolio that pays all my monthly bills with a bunch of CEFs/ETFs (UTG, PTY, etc), and I haven’t payed an electric bill in 6mo and it is pretty damned awesome. Building my Income Factory!
😢 this is what i needed to see/know/educated on
Looking forward to your slv results
Well done Bro
I wonder if the "ultimate annuity alternative" would be YMAX.
May be though there are certainly many options. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
Thanks for the video ...been doing amazing well with CINY, MSTY...very volatile, but I'm not trading them. They are going to sit there. And we know that BTC is only going to go up.
Sir you hated these funds now you’re featuring them..what is different?
spot on with comment ....flip floppper this guy
It's like anything else - if your account smells and tells dumb jokes but saves you thousands, do you fire him? No! I don't have to like the Moderna Yieldmax ETF but I'm in it. :)
He's trying to get views.. yeildmax has a big fan group.
He's looking for a use for them. For me, I like the idea of it paying me back everything I invested and then giving me more money to invest elsewhere. I put a small 100 shares in my Roth and am letting it grow a little. Once it reaches a certain point, the rest of the money goes into developing other, more stable, and growing positions.
its called average costing. I only buy yield max, and I've made almost 10k in dividends with like 25k invested, and its not even been a year. My dividends are more than depreciation because I bought at high, but since they are cheap now, I'm average costing and buying more. You have to look at the long term and volatile. Just look at tesla a few months ago and now its comeback due to the FED cutting interest rates. Dollar cost average is key. Take those premiums.
Thank you. Great info, but I got lost somewhere. What is your criteria for most efficient and less efficient. Some i agree Some i disagree.
Now we're talkin' When you understand these funds and have the right strategy, they are amazing.
ymag and ymax are now weekly, does that skew the odds a little more in their favor ?
Enjoy the ride on msty. I plan on selling my position on msty once btc hits its peak. It will crash afterwards then ill buy back once btc bottoms out.
I like how your mind works. I going to try it.
I think your ymag and ymax calculation may be wrong. They've generally had pretty decent distributions. But one thing, they recently changed their divs from monthly to weekly. So I wonder if that may have skewed your results?
Huge fan of YieldMax ETFs, but only with the proper mindset/usage. Because the fund managers are really only focused on maximizing distributions and not NAV, these funds are like reverse mortgages and perfect to use when you want the nest egg to shrink to get as much income from it as possible each time it pays...but with gradually declining overall payments as the nest egg shrinks.
Reverse mortgage is a really good analogy. I find the best way to re-invest is to buy in chunks and only buy more when it has gone down 60-80% in the same sized "dollar chunks" and repeat. As you harvest the income while waiting for it to go down, it pays itself off then it's like you are buying more at a discount. The more you buy in chunks at a discount, the faster the remaining balance pays itself off. I don't believe dripping a certain % is the best way. It has to be at certain drawdown points. It also increases the probability that you'll catch a fund where the underlying reverses to the upside if it's been going down.
@@Martmi29you get it. Bravo!
@@stevelavery4766 Thank you. Yes, these funds are very misunderstood even by people who like them. I just want to add that whenever I hear "you need to drip 70% of the dividend to keep your capital stable" they are missing the point that by dripping they will be going down faster and it takes longer for the position to pay itself off, which is why I think the sweet spot for buying more is 60-80% drawdown. At 60% drawdown the same dollar chunks as original book cost will buy you 5x the shares, and at 80%, it buys you 10x. If half of the draw down or more has been paid back to you in dividends then it's like you are getting more shares at a discount, and it reduces the time the remaining book cost pays itself off. Doing it this way automatically brings your cost average very close to the current market price.
This year is even worse than the last. Last year, I lost a lot of money on bad investments that I never would have made if I hadn't been so worried about my portfolio. I didn't know if I should continue to invest or pay my mortgage off. After selling my investments, I discovered that the house needed more work than I thought it would. I don't know how long I can keep doing this.
We have all made mistakes, therefore keep it simple.
Invest in businesses that have predictable cash flows to diversify your holdings. In the ten months after I hired a planner to assist me build my portfolio at the end of 2023, I have made money in over 500 different markets. If 2023 teaches us anything, it's that good luck never lasts. We should work harder to be ready for the worst case scenario even in good times.
Alright, so where can someone locate a reliable financial planner? It won't be a problem for me to find the professional who helped you. I'll be retiring in two years, and I might require assistance with handling my far more valuable assets. I'm not willing to take any risk
June Renae Matthysse
When you check her up online, you are likely to find more details.
Wonder how much would need to be dripped to offset the nav erosion 🤔🤔
Others have done that and it's usually 50-60%
Own the underline asset at least one share so you can track option call and jump in when the stock goes down, Never buy up on their share price so let’s say your cost basis on amzy is 19.50 and it’s trading at 20.25 don’t buy it, focus on another (good) asset that’s trading at discount, and sell for profit ripping when the opportunity appears, I currently 100 shares of MSTY at21.86 if it goes up to 28.00 I’m selling two thirds of it for profit, put it in another fund or just hang on to it for red days, they will come.
its worth a try for sure, what is the share distribution?
I have nvdy that has not lost its nav and tsly which has over last yr
Great video!. Quick question, do you ever think these ETFs would shut down or stop paying you entirely?. The concept is great but im worried if in the coming years they will still keep paying me or not?.
I can appreciate the question. I can’t see why that would happen. The ETF’s are based on underlying stocks and if anything you’d instead see a reverse stock split help recover the price per share. Nothing is guaranteed though. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
@@AverageJoeInvestor thank you for the comment. I guess I'm just thinking from a pmcc or a covered call perspective. Say you own a 100 shares and you keep selling in the money call, if taken enough losses wouldn't it eventually not let you buy 100 shares and hence not letting you implement the strategy entirely?.
@@AverageJoeInvestor thanks for the video. I recently signed up to be a member of your club! One observation. The YM ETFs are actually based on derivatives of the stocks, and not the stocks themselves. I'm not suggesting this is wrong, but it is important to know these ETFs are buying option contracts and do not own the actual stock itself in order to be able to provide these returns.
What is the percentage of reduction in the NAV over the periods? I think your investment should be based on the projected NAV price for a certain period of time at the end (2-3-5 years) and then work back to see what you need to have that $185/mo at the end. Whatever extra you make, you can reinvest to increase the shares and keep the distribution consistent. I don't know if that makes sense or not to you.
Not that i did anywhere near the amount of research on these as you, but from the few i looked at the distributions are all over the place and the NAV has a consistent downward trend. I cannot imagine with those two factors how you can have any confidence in the "in perpetuity" part of this experiment.
One thought experiment with these would be if you got 100% return on your distributions but NAV goes to 0. At the end you got your money back. As a bonus you get a tax bill on the income.
I feel like these videos are marketing to get people to sign up for your patreon and the target audience is people that enjoy watching train wrecks.
How will you allocate your $3,000 amongst the YM funds you have selected for investment to yield $185 per month? Does your method of selection work to pick out the best YM funds in general?
I like MSFO. 29%Yeild and still trading for 20$
For YMAX and YMAG, the 30 day SEC yield is quite high, and the distribution rate is low. For all individual stocks, this is flipped. is this significant in any way? How does it impact taxes, payout etc..
I have been using a similar strategy although I am using the distributions to reinvest and to buy other more stable/long term funds. Will you be reinvesting anything you're paid in excess of $185/mo?
I’m wanting to generate income from these ETFs. How much would it cost if I owned one share each, and how much dividend income would I get?
Hi, thank You so much, for the video. I am very new to dividend investing, but i already own 3230 etf's all from YieldMax. I have a big worry; volks are telling me that YieldMax etf's are not sustainable, and i can lose all my money. Is that realy so risky ?????
Well, should we talk about how this would end in tears for most people?
what happens when yieldMax options expire
What’s the mode?
I own three positions only. nvdy Nav erosion is good to me. My take on it I hope cony and tsly rebound
all it has to do is last you 16.22 months which would be 185 a month with 3000 cash.
Msty is the only one you need.
My $0.02....Overlay one of these yieldmax ETFs with the underlying stock....You'll realize these funds aren't doing much. Just in the last year, Coinbase is up 198% and CONY is down 23%....Even if you factor in the distributions, you're nowhere near up on CONY. Good luck.
This is exactly the type of financial planning I need in my life! 💡 I often feel overwhelmed by options-thank you for breaking it down so clearly!
Let’s go!💰💰💰
I saw the least NAV erosion with MSTY and NVDY when i looked at all the ETFs price history. The rest all looked pretty bad
MSTY is literally all anyone would ever need for income!!!
I have misty and nvdy, happy with both.
pulling 6.7 to 7.8k monthly divs ...doing high yield chasing - 🤑
Nvdy and Msty is all you need. just keep it simple
THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍
YMAX & YMAG are now paying a weekly distribution. Does that change their ranking based on your analysis?
This is the best video I've ever seen on youtube! In the the update videos, can you share how many shares of each of the YieldMax ETFs you initially chose? Also would be curious about any tweaking you might have to do to keep the $185 coming in.
Awesome
But don't the yieldmax funds lose value? Isn't it like drawing down from your account?
How would i distribute 3k across 5 of those etfs?
M1 Finance is a cool app. Download it and then watch how to videos 👍🏼
Hmm I use them for income to buy others stocks soon 4500 shares tsly msty 3250 shares ulty 5000 shares nvdy 3000 shares few others produce about 24k a month
great portfolio.!
This is a Degen Trading channel now. Wouldn't be surprised if Sports Betting was next.
@@withonestonechannel sorry you feel that way. Thanks for watching and leaving your $0.02 in the comments! 👍😎
Great I'm in the right place then😅😅😅
@@justinsane7128 🤣 NICE! 👍🏽
It’s more like an annuity.
Some of the Ymax ETFS have a whale eating at their NAV. Beware the drastic NAV slide.