Quote:
Originally Posted by DaFace
I honestly just think you're making really bad financial decisions. Not trying to be an ass, but you do realize you're losing money in the account that largely (albeit not entirely) negates your distributions, right?
If you got 60% but your account dropped 47%, you only gained 13% in a year in which S&P500 jumped 28%.
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With CONY it’s showing a 47.5% loss in NAV but a yield of 129.85%. So anyone correct my math. A $100k investment now has a value of $52.5k and received $129,850 in dividends. Dividends are taxed as ordinary income, based on Hog’s previous comment on dividend income assume a 24% tax rate, -$31,164. So the value in 2025 is now $151,186.
While an investment in VOO grew 26.77% and received a 1.22%. Now being worth $127,742.20. I reduced the dividend by 24%, but did nothing to the growth, since it would only be taxed when sold.
It’s an interesting investment.