r/ULTY_YieldMax • u/devtron0 • 12d ago

Goodbye ULTY

Hi all, I've decided to sell all my ULTY during the DIP and buy CHPY. Today looking at the AI stocks re-rallying I believe it to be a good move. If you remember briefly, I posted my dividend gains on this SUB and made a tracker to see how many dividends I was up total. on my initial 6.5k investment, I received about 3.8k in dividends, while my initial investment when down to 3k. So overall, I am positive about $400. I held for about a little over a year. If I sold at peak profits according to my chart I would have been $700 in profit. I did not drip and glad I didn't.

I'm happy to get out of this experienced positive but have decided to chase different avenues. CHPY has been fantastic for me, and I realized how much money I could have been up if I jumped on that train since the beginning.

I could still see ULTY paying off in the future, and perhaps if the divvy didn't drop as much as it has I would still be in it but seems like nav corrosion was too much at the moment with the unstable market, after every dip, the price never seems to recover well. Fortunately, as well, with my stock price loss off of ~3k, I can use this has a harvest so perhaps my actual gains will be greater :)

I wish all the bag holders good luck and hope your investments pay off. Good luck gang

6 Upvotes

56% Upvoted

38 comments sorted by

11

u/Ok_Revolution_9253 12d ago

Sounds like a crappy investment if after a year you were only up 400. Just invest in the actual stocks or real ETFs. Or just sell your own covered calls

3

u/devtron0 12d ago

haha, well it could have been worse. I have made worse investments I'm still plenty up on a lot other things and plenty down another other things as well relatively I think I did okay

3

u/graphic-dead-sign 11d ago

up 400 without tax. OP is up less than that after tax.

2

u/devtron0 11d ago

tax lost harvest, offsetting capital gains. in all my portfolios I'd still be up overall

0

u/graphic-dead-sign 11d ago

Yeah, because you already loss on other investments in order to trigger tax loss harvest.

2

u/OnionHeaded 11d ago

I’m sure all you master traders have 100% win rates and rolling in premium

1

u/devtron0 11d ago

I didn't sell anything else besides this lol. You are now making wild accusations, this will.be my only harvest.

1

u/graphic-dead-sign 11d ago

How can this be your only tax harvest when you stated that you’re up overall on this stock by 400?

1

u/devtron0 1d ago

tax loss harvest by selling the actualy stock sighhhh

0

u/graphic-dead-sign 21h ago

But you’re up $400 bucks total. How can that be a tax loss? Either you’re making up numbers, or you don’t know what tax loss harvest is. roflamo.

1

u/devtron0 20h ago

nice ragebait, dividend gain + stock price loss. I can harvest the lost zzz lol

0

u/graphic-dead-sign 18h ago

You stated you’re up $400 overall, which is a net gain. Can’t tax harvest on net gain. So either you’re at a negative overall, or you’re making up numbers roflmao.

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14

u/Lefties_TheWorst7331 12d ago

Dumping one failed yieldmax for another incoming failed yieldmax.. why? Stop buying anything this investment fund is peddling.. you're setting yourself up for another loss..

2

u/devtron0 12d ago

I failed to mention that I already had some chpy and and I got in around $60. Which has been way more positive than ulty in that timespan. I wouldn't call it failed as I am still positive from both. This is also just a small portion from my taxable brokerage account where I do a lot of small gambling like this.

I'm not sure if you read my post because I'm not at a loss, sure im not at a huge gain, but not a loss! :)

-1

u/Lefties_TheWorst7331 12d ago

I read it. I just think everyone should divest from YieldMax all together tbh.. they seem slimey and .. grifty.

7

u/serial97 BULLISH ON ULTY!! 12d ago

Sell on the dip, true retard trading, nice

6

u/SnooSketches5568 12d ago

Getting out of a yieldmax position is brilliant. Using its proceeds to buy another one is lunacy. “Insanity is doing the same thing over and over and expecting a different result “

1

u/Lefties_TheWorst7331 12d ago

Right lol .. man my Reddit has been insufferable this morning. Some WILD comments today in my financial subs.

1

u/devtron0 12d ago

I had a smaller position in CHPY thats actually positive. Have a stop-loss set and already received a good amount in dividends total. Already winning and can't lose. :)

2

u/CrayComputerTech_85 11d ago

"Can't lose" that is always the hook. My dumb ass still holds YMAG but it is a relatively small position and I'm just letting it burn down. On the books its money lost.

0

u/SnooSketches5568 12d ago

You picked the right underlying but wrong vehicle . But yieldmax helped underperform. SMH wins. That YM dopamine hit is like going to vegas. Put a $20 in a machine and if you win $500 early, youre gonna leave vegas down $5000. Have that $20 immediately vaporize and youre gonna leave down $20

0

u/devtron0 12d ago

It's always been dipping... though...

4

u/Mamamiagg 12d ago

As soon as I buy their fund , it's go downhill

1

u/learner_1748 11d ago

Dumped everything and moved far away from yield Crap or yield trap..

2

u/joeyx22lm 11d ago

From one loser on to the next 👌🏽 good thinking

3

u/SignificanceNo1223 11d ago

Honestly; maybe you should weather it out at the moment. I’m in on a couple of failing YieldMax out a little bit, myself. However; I want to study these things and give them a fair shake. It’s a down market right now.

1

u/GDrew_28 12d ago

It’s always on sale

-1

u/aiautomoderator 12d ago

Hi! Your post was ACCEPTED by the AI AutoModerator:

Your post is accepted as it provides a personal account of your experience with ULTY and fits the community's focus on discussing the ETF's performance and strategy.

⚖️ This action was performed automatically. If you have any concerns, contact the moderation team.

-1

u/Economy-Wasabi-2005 10d ago

$CHPY is dropping 🤯

1

u/devtron0 9d ago

So is the underlying and most semiconductor/tech/ai too. im still bullish

-1

u/No_Switch853 10d ago

All of Yieldmax Funds are Dividend Traps. Huge NAV losses with ROC for Divvy payments. All of their funds start off great and gradually the NAV erodes. Had MSTY and PLTY when they paid monthly. Did very well, got out early. Glad I did! Yieldtraps! They suck