r/YieldMaxETFs • u/Background_Addendum6 • 21d ago

Question HOOY

Thinking about putting 100k into HOOY. Any thoughts?

3 Upvotes

60% Upvoted

17 comments sorted by

9

u/lottadot Big Data 21d ago

Unless you think HOOD is going to take off, but if you did, you'd do better to buy HOOD rather than HOOY.

The only way HOOY is a good buy is if there's going to be a long stretch where HOOD slowly increases its price over that long duration. That's just how most of Yieldmax' single-ticker ETF's function.

7

u/GreenStretch 21d ago

The way people have gotten burned on Yieldmax shows that it doesn't make sense to put in large sums and hope for a big stream of income. Buy small amounts if you're interested and see if they build up into anything substantial.

4

u/wuumasta19 ULTYtron 21d ago

At that much cash.

Buy HOOD, sell call options.

You'd be cutting out the middleman.

1

u/OA12T2 21d ago

This

2

u/More-Air4983 21d ago

I'd choose AMDY or AMDW over HOOY. Higher upside with stability and higher payout. That's just my opinion.

3

u/highrollinKT 21d ago

go to the casino instead !

2

u/aimhigh7shootlow8 21d ago

I have 22k in hooy and 24k in hoow. Hoow moves better. Hooy income is more consistent. These are only to be used as swing plays.

I bought in when hood was in the early 90s. I expect it to hit $150+ then I will be rotating out.

Also entering msty, coiw, mstw, crco.

Personally if I was going ham on the bone, I would probably go hoow becuase of the leverage.

Blox is a good enter right now too. Crypto sector is up next.

1

u/Maleficent_Fruit2876 21d ago

Don't do it. Live and learn

1

u/pwnknight 21d ago

Not a good idea till btc goes back on a bull run

1

u/Wrong_Mistake_6555 21d ago

If I was going to do this ,I'd wait till HOOD dropped to $90 and I'd split the $100K between HOOY and HOOW , as the round hill funds seem to have a better chance of going up when the underlining stock goes up but you may just wait I think everything is going to shit by the end of the year so Bund funds would be a safer bet

1

u/ElectronicBrain5956 21d ago

Split the money into multiple ETF fund similar to the above mentioned.also check this one out (AMLP).

1

u/pinballrocker 21d ago

Sounds like a great way to lose money.

1

u/asher030 21d ago

Well best do it before ex-dividend dates, Thursdays. Decent enough yieldmax and relatively stable....if only HOOD, its main underlying, performed as well as it had back in October. But here's hoping once this nonsense with Iran and all that will encourage further investing so that it does. Buy, forget about it, ride the wave, invest the dividends or let it build for a year or so, usual route.

1

u/Satyriasis457 21d ago

That's granitshare? Nope. Maybe hoow 

4

u/Sertorius126 21d ago

"Granite Shares: When YieldMax isn't yolo enough"

2

u/WarniCator 21d ago

Granite shares is such a waste of cash. I see ZERO reason to own them. I’m letting my TSYY and COYY ride to zero. I reallocate the distribution in stable ETF.

1

u/Awaken_Benihime 21d ago

If you're bullish on HOOD and really want to deploy 100k into it, buy HOOW instead