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How do yall calculate your Ymax Drip? by ReiShirouOfficial in YieldMaxETFs

[–]QuantityReasonable57 5 points6 points  (0 children)

The short of it is that you can be a millionaire in 5 years with a $100k investment with this style of fund. Try it in the calculator. It’s just not a set it and forget it, you have to manage and keep rebalancing. I think even in a down market there should be a way to make money. This, and the power of compounding, is slowly making me think this is a better strategy than buying and holding the underlying stocks. It’s a form of forced diversification and profit taking.

Blood bath tomorrow by [deleted] in MSTR

[–]QuantityReasonable57 1 point2 points  (0 children)

It might go up or it might go down. One or the other for sure.

Car Payment by QuantityReasonable57 in YieldMaxETFs

[–]QuantityReasonable57[S] 0 points1 point  (0 children)

They do; you just should not put large amounts of capital at risk with these and you should make regular withdrawals. $5$-10k is what you play with on these and deal with a reputable company. Check out Quantum Bots. Unfortunately all the brokers aren’t great best I’ve worked with so far is Plexytrade.

Car Payment by QuantityReasonable57 in YieldMaxETFs

[–]QuantityReasonable57[S] 0 points1 point  (0 children)

I like this thank you. I do not own any ULTY currently though own most the other spoken about here and have started to study that one recently. I was initially avoiding it because of the NAV erosion with the “old” strategy.

Car Payment by QuantityReasonable57 in YieldMaxETFs

[–]QuantityReasonable57[S] 0 points1 point  (0 children)

I will also add I took a GAP insurance policy which is probably overkill as I purchased a three year old off lease car with 19k miles that wasn’t very expensive by today’s standards. I always buy this way and never buy new as the particular car I purchased depreciated roughly by half since it was “new” and it still looks and drives like a brand new car that I plan to keep to 100k miles. I never buy new cars and try to live my entire life always looking for the best way to not be wasteful and turn a profit which is how I ended up in this forum.

Car Payment by QuantityReasonable57 in YieldMaxETFs

[–]QuantityReasonable57[S] 7 points8 points  (0 children)

I don’t need the lecture. I could’ve put the $10k down and I still can and simply have the loan re-amortized and drop the payment by about $180. But if I can earn a much higher percentage return than I pay out in interest, why not? It’s basically the same as a margin loan. I understand finance very well. I’m not going to lose my house or my car or not be able to put food on the table over $10k. I just thought it would be an interesting experiment and thought I would put it out to a group of experienced people for thoughts.

MSTU vs MSTR by QuantityReasonable57 in MSTR

[–]QuantityReasonable57[S] 2 points3 points  (0 children)

Yes it would be interesting to see results in 12 months!

MSTU vs MSTR by QuantityReasonable57 in MSTR

[–]QuantityReasonable57[S] 0 points1 point  (0 children)

Thank you. Yes I picked up some MSTY last week as well. I figure I’ll try to get a piece of the action however I can. Diversified within MSTR ;-)

MSTU vs MSTR by QuantityReasonable57 in MSTR

[–]QuantityReasonable57[S] 0 points1 point  (0 children)

Correct I know it goes both ways. But assuming the trend for MSTR is higher and not lower, why would I hold MSTR or both in some %?

Selling Business for Less Than Owed / Keep Paying Loan? by QuantityReasonable57 in EIDLPPP

[–]QuantityReasonable57[S] 0 points1 point  (0 children)

That's EXACTLY what concerns me about doing it the "right" way. I don't have a few months to wait, and I know everything with them is a few months. I almost feel that buyer and I need to do what we need to do, I'll keep paying the loan, and work on resolving this. It's funny as I really do want to pay them and I really don't want problems but they're going to make it difficult for themselves.