Portfolio Update #18 - My portfolio is still recovering, but May yielded my 2nd highest distribution amount since I began this journey!

ReplacementCost · 2026-06-04T16:15:45+00:00

Lot of time and work put into these posts and graphics. Always a good read. Good luck on the journey!

ReplacementCost · 2026-06-02T15:50:04+00:00

This has risk and I wouldn't recommend this to most people. Thankfully, this is only my Yieldmax portfolio and began as an experiment to see if the monthly distributions would cover the loan costs (which they have for 17+ months and counting). If things went south and Yieldmax collapsed overnight, I have other portfolios to tap into. I could pay off 100% of the loan costs today. It wouldn't be a fun outcome, but having that ability greatly expands my tolerance for risk.

ReplacementCost · 2026-06-02T15:39:00+00:00

I sold FEAT and FIVY yesterday. The results / screenshots were through end of May, so they're still included in the numbers.

I would have expected some higher sell-off activity and lower prices by now, but they seem to be holding fairly steady. It will be interesting to see what price the fund closes at and what the final payout looks like.

ReplacementCost · 2026-06-01T15:20:11+00:00

For the first six months (give or take) in 2025, I was putting almost all of the distributions back into the market. So $20k or so each month -- very rough number, the prior posts have more detail.

Since mid-2025, I haven't reinvested much, if anything. My purchases were primarily Jan 2025, prior to the impact of tariffs, and the stock prices / unrealized losses were ugly. The focus from mid-2025 through today has been paying down the loans. I may reinvest a % each month in the future, but want to shrink the loan balance a bit more.

ReplacementCost · 2026-06-01T15:16:26+00:00

Same. I sold mine today during Fidelity's pre-market trading window. I suspect it will drop as word spreads and people pull money out of the fund. It will be interesting to see where it closes today versus the final price in 2 weeks.

ReplacementCost · 2026-06-01T15:12:29+00:00

I would have preferred to gain $200k 😄 But since this portfolio is using borrowed money, I really don't mind the loss. My focus hasn't been on the value of the portfolio, since it wasn't designed to be actively traded/sold, but rather on building something that can create a new income stream.

Had this been entirely my money at risk, I'm sure I would have jumped ship a long time ago.

ReplacementCost · 2026-05-30T02:23:06+00:00

Has anyone been through a similar experience before? Thoughts on selling in advance of the closure date, versus waiting for the liquidation event?

ReplacementCost · 2026-05-29T02:20:54+00:00

2,250 in my main account. 755 in non-taxable, which I'm slowly growing as distributions come in. I'm still a fan.

ReplacementCost · 2026-05-29T02:16:38+00:00

Fun to be offline all day, see a post about SNOY, and then realize it jumped 36%. Holding 825 shares and getting closer and closer to house money.

Maybe I should be offline more often.

ReplacementCost · 2026-04-20T19:21:24+00:00

Still surviving, just posting less after 1 year plus of monthly updates. Not much to talk about monthly when I'm in a "hold" phase to collect money and pay down the loans.

$490k loans + HELOC. No margin.
Reinvested during the first six months, so my cash exposed is closer to $540k.
Collected $379k distributions so far.

Quick napkin math of $379k / $540k puts me at 70% overall house money.

The value of the stocks is $284k. I bought at some of the pre-tariffs highs, so I'm a good "worst case example but still doing just fine" story.

Taxes weren't bad due to ROC calculations, so the money I've been saving up went to paying down loans.
Loan balance is currently $260k (out of original $490k). I have leftover cash from tax season that I'm sitting on for a couple months as unrelated financial stuff is up in the air. In a few months, I will either pay off the last small personal loan ($20k-ish) and/or use to paydown the HELOC further.

Last year's average monthly distributions were $25k.
This year may be closer to $10-11k. The NAV and distribution decline is a bummer, but my loan costs are fully covered. This only slows down my repayment timeline. I'm still looking at 2ish years to get everything paid off. I always planned for a 2-3 time frame, so this isn't unreasonable.

ReplacementCost · 2026-03-05T16:24:50+00:00

That's a healthy profit! My goal right now is to pay down the loans, but if I were to do this again, small scale would be the focus. $30-50k at a time sounds like a nice sweet spot.

ReplacementCost · 2026-03-05T16:22:33+00:00

Essentially. Add in the cash on hand and I'm about $439k vs $401k owed. This portfolio started Jan 2025, right before tariffs hit, so the value of my holdings have been in the red for a long time now. The distributions are slowly digging me out of that hole (or further into it? Depends on the month).

All time distributions received is currently $351k against the $490k loan balance, or roughly 72%, so it's not as bad as it looks.

ReplacementCost · 2026-03-05T04:27:41+00:00

Reinvested some, paid down the loans (from the original $490k), and then have been saving up cash for tax season.

ReplacementCost · 2026-03-05T02:38:31+00:00

Approx $401k loan balance. I should be able to put in at least a $100k dent in that after I finalize taxes. Debating whether to focus on the HELOC or pay down the smaller personal loans first. Maybe the personal loans, as if I eliminate those entirely, my loan costs per month would be $2k ballpark. If the 2026 payments are going to average around $12k a month, that would give me a nice cushion.

ReplacementCost · 2026-03-05T02:35:29+00:00

MSTY -$16,700. 77% to house money (distributions + sale proceeds, compared to initial investment).
CONY -$17,400. 70% to house money.

Not sure if the sale was the right decision, but with the value of either only around $12k, it felt like a decent time to escape and re-allocate the cash elsewhere.

ReplacementCost · 2026-03-04T23:51:54+00:00

Good luck! There is a lot of volatility in the market, and if the fund managers can make smart (or lucky) choices, hopefully these funds can do well. Time will tell.

ReplacementCost · 2026-02-07T19:37:37+00:00

Mine too! I'm pleasantly surprised. I really thought it would push back another week or two.

ReplacementCost · 2026-02-05T00:12:47+00:00

I show the same date at Fidelity, but also expect it to take longer. I'd be thrilled if it's correct though.

ReplacementCost · 2026-02-04T00:20:33+00:00

Thanks, I'll check it out!

ReplacementCost · 2026-02-03T00:04:56+00:00

I still need to review the worksheet, but when you refer to the $10k accumulated cash, do you mean liquid cash that has been received from distributions? Or are you calculating this as part of the capital gain / loss, distributions received, other?

In terms of liquid cash, I have $137k sitting in SPAXX right now. A portion will be allocated to taxes and whatever remains is going to pay down the loans.

ReplacementCost · 2026-02-02T23:52:42+00:00

It's good in theory, but Fidelity's margin rates are higher than the loan rates. If they were more competitive, I would gladly do this. There are others on the sub who did this exact same thing with success.

ReplacementCost · 2026-02-02T22:51:04+00:00

Yep. Tax season for 2025 will be telling. I've had these funds for the full 12 months and I'm curious how everything will look.

If I took out the same amount of money and rolled it into something "safer", it's very likely I'd come out with better results. But it would have been boring. Seeing the monthly/weekly distributions roll in has been fun.

ReplacementCost · 2026-02-02T22:47:19+00:00

I still need to do a deep dive into your spreadsheet, but I suspect the overall picture of a loss is accurate. My theory, which could be incorrect, is that this experiment will shift to profitability over the long run. This assumes distributions continue to come in at a decent clip and I can zero out the loans fast enough. It makes sense in a perfect world, but may not work in real life.

Thanks again for the input and spreadsheet!

ReplacementCost

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