re: What are this boards thoughts on MSTY/ULTY?

I'm aware of how they work. Overall MSTY return, has me just barely positive. I rode out orange boy's liberation day already. This will be fine. Plus I got to take my ULTY from 10,000 shares to 21,000. I also lowered my cost basis from $6.17 to $6.10.

might but ULTY again tomm on ex div day. see if it drops anymore. one position was stopped out. I still have another in another brokerage that stayed open with deeper stops.

Where do you usually set your stops?

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looks like we will have trouble ever breaking 6.50 a share.

6.45 was the last current high

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My cost basis on ULTY is 6.16 and MSTY is 20.70 so I feel good about those.

I'm at 21.50 in MARO and don't feel so hot about that one.

Have you looked into the new MSTR weekly payer from Roundhill? MSTW

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Have you looked into the new MSTR weekly payer from Roundhill? MSTW

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no not yet

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I am staying ready to bail or buy more.

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sounds like my mentality. just be ready at the drop of a hat.

i need BITO to drop back to 17ish levels before i drop a ton back in it.

Guess i could buy more where it is but i am not willing to hold if it drops thus i would need close stops. so instead i am just sitting on the sidelines just holding the shares i have so far to try and get another good cost basis before my next buy.

.1006.

Not bad at all

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Cost basis is going down continuously as most of these distributions are a return of capital. People buying these need to be educated on the near constant decline of the NAV over time given the way the funds are structured.

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we know

it is why we are ready to bail at the drop of a hat

riddle me this batman

since you are a financial advisor i know you feel all this stuff yielding 30% and over that we are in ( XDTE, BITO, UTLY ,etc) is risky beyond belief.

i will not argue that

however what dividend payers would you feel are safest generating a 10% ballpark yield? QYLD? RYLD? my YYY seems stable but the expense ratio is nuts @ 3.5%.

what is your opinion? or do i need to mail a check to you to get that? or paypal?

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People buying these need to be educated on the near constant decline of the NAV over time given the way the funds are structured.

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From what I’ve read. ULTY now owns the underlying assets which might help with NAV decay a little as compared to the synthetic strategies other YeildMax funds employ. It also makes it more vulnerable though if a stock tanks. Will be interesting to see how it does.

I have a small amount of YBIT. It has dropped a little, but considering the strategy and increase in bitcoin, it’s worth the gamble for my scenario. Again, I only have a very small amount.