Quote:
Originally Posted by Hog's Gone Fishin
I knew I shouldn't have come here to put up with you but here you go, consider it a favor :
My dividend portfolio
2100 CONY
4100 ULTY
850 NVDY
1650 MSTY
180 AMZY
520 YMAX
1350 TSLY
Go ahead and pick it apart. You'll Fail
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Let's just start with CONY, down 47% YTD.
Yieldmax ETF'S, they will give you a massive dividend but long term your principle amount will go down. The expense ratio on these ETF's are crazy. The expense ratio for many is 0.75-1.0 for every 1k you give them 7.50-10. Every 10k you give them 75.00-100. Yieldmax, covered call, and leveraged ETF's are not a viable long term strategy, especially during a sideways or bear market.
High-income option selling ETFs like CONY often erode principal value, which makes them a poor long-term investment despite high dividend yields. This fund's structure, involving U.S. treasuries and a synthetic COIN position, is an inefficient way to generate yield from option premiums.