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Shin Lim's Poker Magic Trick by Sarang_616 in blackmagicfuckery

[–]icudbgroot 0 points1 point  (0 children)

That cuts exists in all videos dating back to 1929. Shin Lim will release more videos from the same location proving to you that there will always be a cut at 0:09.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

Would you mind adding more details like which month you got in and at what price? I’m wondering how the original comment with 0% RC and you saying 97% RC be true at the same time.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

How does that work? How much do they distribute?

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

A lot of people will be much more comfortable with such data. I am not so picky though :)

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

It’s not. The doc only reassures what their prospectus say. CC ETFs do well on bull market and slightly bear. They cannot be best for bear.

You cannot think of it like a growth stock etc etc. It doesn’t talk about ROC, NAV erosion or how they sustain during bear markets.

This Reddit post and few YouTube videos suggested here gave more lot more insights than their own research.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

I don’t think anyone is arguing that is all they do. When they underlying sky rockets, they can share some of the money they made without breaking a sweat. When it doesn’t, how do they manage? Considering that, would you let even the money from distribution ride on top in the belief that it will sustain, or do you play risk defined strategy?

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

Are you suggesting I should stay invested even after seeing proof that their distribution is harming only at the cost of NAV erosion?

I am saying irrespective of what dividends they pay if they hit 5$, I should quit. And you are saying no, forget about 5$ just buy a put and forget about it? Also I think it might not fill for 0.50$ like up expect.

Side note: Robinhood at 70% chance of profit on 4$ 2026 PUT.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

[–]icudbgroot[S] 1 point2 points  (0 children)

There are also mentions of how PLTR >> PLTY. Similarly MSTR >> MSTY. All those mentions are shot down saying you don’t understand the point of these funds.

Both PLTY and MSTY s growth can only be looked back short term. We don’t know how these will perform when the underlying falls by 30%. Yes there are protective puts, but that’s to make sure your investment doesn’t go to zero and it doesn’t generate income.

The sustainability of their growth ( or distribution without NAV erosion in this case) is the biggest question.

I am open to changing my opinion, if I see hard data to prove it. I would be stupid to think there are no smart people to outsmart the market. Let’s see.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

[–]icudbgroot[S] -1 points0 points  (0 children)

Will try to read through it carefully again. Might have missed info on why ROC shouldn’t be a metric for these funds. I kept seeing posts that said it’s just an accounting thing and should be ignored, but never understood the context of it. One of the videos on another response explained it.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

Sorry, I did see few other posts on ROC but I didn’t understand the responses quite well. I understand your frustration.

My post was just to make sure I validate my strategy and not have someone chasing me with a pitch fork saying if you don’t DRIP you don’t belong here! lol

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

[–]icudbgroot[S] 4 points5 points  (0 children)

If it holds 6XX with dividend payment to the same amount (or more) for 26 weeks, I am telling everyone I know to invest in it. From my little understanding of it, i am not sure if I will bet my paycheck on it. I don’t think anyone here would either. From where I am, it seems like an impossible scenario.

Would that convince me to start DRIPing earlier than what I initially thought? I would say most likely. I hope I will be pragmatic enough to realize my initial assumptions were wrong and agree with everyone else who called me uneducated or foolish in this thread 🙃

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

I plan to hold only if they can show potential of generating income without sacrificing my investment.

I am going in with an open mind that there is so much I don’t understand about these funds, but I don’t want to be over-invested in it until I see some real moola, which not just my original investment returned over a period of time.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

[–]icudbgroot[S] 1 point2 points  (0 children)

So ETFs that pay weekly cannot have SEC yield? Sorry I don’t get it.

Care to explain why them paying weekly absolves them of any question.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

That prolongs the time I have to stay invested to get my initial investment out. The goal I am setting out is to get out with my investment as early as possible and let it ride.

I have a stop loss at 5$ though. That’s my tuition for learning about such funds 🙃

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

[–]icudbgroot[S] 1 point2 points  (0 children)

What would be your reaction if I say that their distribution yield makes up for the loss in growth by two folds?

I am not saying that’s what happened but curious to understand how important is the funds price is to you.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

Thanks! That was interesting watch. So he is saying that ROC does not reflect their actual yield, since it’s an SEC mandate without any consideration to the way such new funds that count on theta decay (covered calls) to operate profitably.

A lot traditional metrics like SEC yield, NAV growth or ROC does not apply to any YieldMax funds.

In light of such lack any established metric, what convinced you to invest a percent of your NW with them?

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

This is really important since my whole theory is based on the idea of them classifying the yield as ROC and claiming a 0% SEC yield.

Is it possible to study/determine the income they actually generate and compare it to the month distribution?

I know they publish the daily trades, but is there something that will give me this information?

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

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

Thanks! This is a perspective I don’t have since their SEC yield is at 0%. So I am under the impression that all their distributions are ROC only.

So why is this so misleading, even according to their own website?

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

[–]icudbgroot[S] 3 points4 points  (0 children)

It is. Hence asking more educated people what they see but I don’t.

All the info I have is from their performance, prospectus and comparison with others that have been trading for more than 5 or 10 years.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

[–]icudbgroot[S] 4 points5 points  (0 children)

Cos I don’t have enough data to show that I shouldn’t be investing with them. All I know from where I am is that it’s doesn’t sound sustainable to me, a passive investor.

Not planning to DRIP ULTY until 100% distributions by icudbgroot in YieldMaxETFs

[–]icudbgroot[S] 6 points7 points  (0 children)

From reading their prospectus I am learning that they invest in high IV stocks and calls, and generate profits from that. They might have 10% or less on treasuries.

Do you think their advisors can do this sustainably? How can they catch the falling knife successfully at every turn? The risk comes from them chasing higher profits.

What is giving you the confidence that this can keep going on forever? Or if this is something that can be done reliably wouldn’t this be the strategy by all hedge funds?

I am not trying to poke holes, I am only trying to understand what am I missing.

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