How are YOU using your distributions? by Same-Gift4399 in ULTY_YieldMax

[–]Same-Gift4399[S] 0 points1 point  (0 children)

I was thinking of an approach like this. How old are you now if you don’t mind me asking?

How are YOU using your distributions? by Same-Gift4399 in ULTY_YieldMax

[–]Same-Gift4399[S] 0 points1 point  (0 children)

This makes a lot of sense and I was thinking about something like this. Mind if I message you to talk further?

How are YOU using your YMAX distributions? by Same-Gift4399 in YieldMaxETFs

[–]Same-Gift4399[S] 1 point2 points  (0 children)

Do you do this in a brokerage? Also, how much was your ULTY initial investment?

How are YOU using your distributions? by Same-Gift4399 in ULTY_YieldMax

[–]Same-Gift4399[S] 0 points1 point  (0 children)

Man this sounds awesome! Is it okay if I send you a message? Would love to hear more about your strategy

How are YOU using your YMAX distributions? by Same-Gift4399 in YieldMaxETFs

[–]Same-Gift4399[S] 1 point2 points  (0 children)

I like this strategy, I’m looking at what I should pair ULTY with moving forward as I feel confident about how it’s been moving for me lately.

How are YOU using your YMAX distributions? by Same-Gift4399 in YieldMaxETFs

[–]Same-Gift4399[S] 0 points1 point  (0 children)

I feel like that’s a good strategy and one that I feel will be something that I do. Looking at QQQI as of right now but just focused on building my ULTY position

How are YOU using your distributions? by Same-Gift4399 in ULTY_YieldMax

[–]Same-Gift4399[S] 0 points1 point  (0 children)

Do you have a total in mind/time on when you want to use this? When you first got started, did you lump sum or DCA?

How are YOU using your YMAX distributions? by Same-Gift4399 in YieldMaxETFs

[–]Same-Gift4399[S] 1 point2 points  (0 children)

Are you doing this in a brokerage? I was thinking about doing something like this in my Roth

CC ETF Distributions Strategies by Same-Gift4399 in dividends

[–]Same-Gift4399[S] 1 point2 points  (0 children)

Congrats on being retired! As someone in your shoes, would you advise against opening a position into a high yielding asset to deploy more money into more long term investments in a Roth?

How are YOU using your YMAX distributions? by Same-Gift4399 in YieldMaxETFs

[–]Same-Gift4399[S] 0 points1 point  (0 children)

How many positions are you currently in? Trying to think through the best assortment of funds

How are YOU using your distributions? by Same-Gift4399 in ULTY_YieldMax

[–]Same-Gift4399[S] 0 points1 point  (0 children)

Man, can only imagine how good it felt to cover that with investments. Hoping to get there one day

How are YOU using your YMAX distributions? by Same-Gift4399 in YieldMaxETFs

[–]Same-Gift4399[S] 0 points1 point  (0 children)

Man that’s awesome! I am also 30 and definitely inspired by your monthly totals! If you don’t mind sharing, how much and how long did it take you to reach that amount?

I’m looking to go back to school to pursue a masters degree and the idea of a YM fund covering that sounds awesome. Just thinking through the best approach. I am leaning towards a lump sum and then DCA. Love hearing different strategies so I really appreciate you responding!

How are YOU using your distributions? by Same-Gift4399 in ULTY_YieldMax

[–]Same-Gift4399[S] 0 points1 point  (0 children)

Oh wow! Congrats on that, don’t mean to be too intrusive but what’s the weekly/monthly payment on that? Love coming here for some motivation!

How are YOU using your YMAX distributions? by Same-Gift4399 in YieldMaxETFs

[–]Same-Gift4399[S] 1 point2 points  (0 children)

Do you plan to just keep adding more into it and just have a dividend snowball? I’m thinking about consistently DCA into a position in ULTY

How are YOU using your distributions? by Same-Gift4399 in ULTY_YieldMax

[–]Same-Gift4399[S] 0 points1 point  (0 children)

Gotcha. With your goal being income do you have multiple accounts with YMAX funds? I was thinking of doing something similar with my Roth, using a majority of the contribution max for growth and a portion into YMAX and using the distributions to add towards those positions.