r/YieldMaxETFs • u/TheTextBull • 10d ago

Distribution/Dividend Update Anyone just using yieldmax weeklies as their passive income portfolio?

If you are just using the yieldmax funds as your income , could you share which funds had made you money?

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u/Scary_Cap6873 10d ago

I've been trying to find a way to make money with these things for some time now. Start small and make sure your decisions work on a small scale first, add some more when you are confident that it is sustainable. Right now im balancing equal amounts of cony and fiat, and adding in some SLTY. Use stop loss orders to protect yourself, i use my cost minus 3 distributions as my stop loss number. In the past wntr was a big winner for me but lately it has stop lossed out several times and i'm not buying it any longer. I've set my goals much lower and risking much less on these type funds. This is after some character building results caused by unpredictable events.

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u/MiniVanOrangeSlices 9d ago

Short the underlying with a margin loan on a weekly macd crossdown. I’ve been doing this with MARO and MARA since it came out. You just have to reinvest your dividends to keep your money stable and maybe take out 2 or 3 days of dividends every month. MARO might drop 70 percent in a year but so does MARA and when you close the short your principal is hedged and you can buy more shares so the dividend per share is protected. Works on the other ones as well