YieldMax announces reverse splits for various funds

dumped mine weeks back

Down to i believe one yieldmax PLTY. May just dump that for a loss before end of year. Didnt have many of their etf's but they are all pretty bad.

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Think I'll stick with BITO, XDTE

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good choices. same here. bito has went way down but should come back. when it does i will make some nice capital gains to go with those dividends. i have been buying all the way down. hope we hit bottom soon.

If something seems too good to be true…

Never understood the hype with those, the NAV decay is insane; it’s just paying you your own money. Basically a modern take on those scammy REITs that everyone’s grandparents got suckered into in the 1980’s.

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You just didn’t get it bro. It’s not a growth fund! It’s an income fund that you can’t actually take the distributions because you have to reinvest them back into the fund…

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I'm invested in several of these and like others, I've been very concerned about the NAV erosion over the past couple of months. Based on what I've been reading online, the split will basically be cosmetic in nature and you won't lose any value that you own and your dividend payouts will remain the same. Yes, you'll end up with less share, but YieldMax will be resetting the price point to stabilize the NAV. So, it seems like to me, if you're thinking about getting out of any of these ETFs, you should do it after the split once the price is raised.

If this is the process for re-stabilizing the NAV after it has eroded, I don't see why someone wouldn't stay in and grab these dividends if YieldMax is just going to reset the price point? If I'm missing something here, someone please explain it to me.