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$YMAG $YMAX $TSLY $OARK $APLY
For every one of you bears that are satisfied with the scraps you get just because of NAV distribution (aka: "erosion") need to understand how we profit we'll from yields + ATH sell points.
With every month of ETF payouts, we simply re-invest, wait some more and continue to buy even on a rocket. Come the day (eventually) we will hit that ATH and divvy + stock top-out will equate to the major payout.
...but of course you can wait forever on those shorts that pay...something. Bullish
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@ShawtDatShyt shorts. It’s in the term.
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@ShawtDatShyt I already made profit in one cycle and sold when it pumped after the election and then reentered . I will rinse and repeat all over again . Bullish
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@ShawtDatShyt or better yet, just wait until you have received YOUR ENTIRE INVESTMENT back. Which doesn't take long if you aren't adding more capital. While dividend reinvestment is cool, it still pushes out the amount of time that it takes to recover those costs as well. I have 6 Yieldmax ETFs that are in single digits. Two of them should be a zero basis by the end of summer, with one or two more at zero basis by the end of the year. $MSTY will get some more invested after next month's payment. $NVDY could be at zero by August or September. $TSLY easily by end of the year, with $AMDY right behind it. $OARK and $ULTY are trickling down, not sure when they will get there...but I have patience and confidence that they will. Hopefully, no reverse splits slow the process down.
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@ShawtDatShyt wow!! you actually sell a stock for profits and then buy it back later ....does that really work out ?? Bullish