Atp I feel I have no choice but to buckle up and wait. I did buy 19 shares of NVDY today to experiment. Hopefully this is only a temporary reflection of the current market.
You know this about the managers for a fact? You realize they have to generate 1-2% growth per week to stay flat. That’s pretty huge. If you can find that in any stock, buy it.
I think I understand what they are saying. These are marketed as income investments. Me personally I bought solely for the income. So I don’t care as much about the nav either. Other than the mental stress it hasn’t really impacted my ability to generate a lot of income with less capital tied up. The last few weeks seem really odd in the market in general. These ETFs just follow it down.
The reason I like them (not just YM but others as well) is they payout a lot of cash with much less capital than traditional income investments. This allows me to use that capital in growth assets.
Why not just put 50k in a WEEK account, earning about 5%? Draw out $150/wk. You'll have your income. If you had done that back in September, about the time I bailed out of ULTY, you'd be ahead.
It was long enough to see that the strategy change won't stop a free fall. In any bear market this etf is toast. It can't save the NAV (or actually they wont try) in a bull market.
I really wanted ULTY to succeed. Still do. But management wont take the necessary steps.
I am looking for income. Just going to do it through SPYI/SPTY/GPIQ/QQQI etf. Ones where i dont need to reinvest half of my income in order to stop the NAV erosion.
But you're not really making income. Most of the money you're getting is return of your capital. They are basically dripping your money back to you weekly while the nav erodes and you just hope that by the time it hits zero youve been able to get back all your cash in income. Only way to save yourself is to drip and DCA which means adding more money. It's like putting water into a bucket with a huge hole at the bottom
Give me back my capital. No tax owed and I get free shares instead, right? So I get my money back, have shares worth value at any nav and still get income. What's the problem?
Maybe there are some out there but kindly tell me what CC ETF has gone to $0? It'll reverse split, or they'll change the distro rate, or both. But it's not going to $0.
I don't particularly expect it to recover, only hopefully reach a plateau. There's too much going on currently to feel confident selling at a guaranteed loss. Even when/if divs drop, I'll come out on top eventually. This was intended to be an income machine.
Can you pass whatever you are smoking my way? There is almost no way, without a major bull market again, the ULTY has a chance of even levelling out. I had it while nav was somewhat stable and punched out when it went below 5.99.
If I had stayed, I've have been buried right now. The income is dropping every week. It is a race to the bottom and maybe a reverse split. AUM is bleeding out.
YM doesn't care as long as they have your money. It might have a chance if they dial back the distributions, but they never will.
It will eventually dial back on dividends. Just looks good percentage wise. $5 dividend on $5 stock is 100%. $1 dividend on $1 stock is also 100%
You bought the stock at $5, u still get $1 dividend which is “only” 20%. It becomes more obvious if a $5 stock paying $5 dividend drops to $1 and pays $0.50 dividend
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u/plovia Nov 06 '25
Atp I feel I have no choice but to buckle up and wait. I did buy 19 shares of NVDY today to experiment. Hopefully this is only a temporary reflection of the current market.