YieldMax ETF Strategy for Huge Upside (High Dividends + Growth)

#investing #passiveincome #yieldmax

[jonnybravo]

How you showed TSLY beating TSLA in a year is why I'd rather invest in the yeildmaxx. Can still make money when the underlying stock goes down. Right now yeildmaxx divs mid month go into KLIP for end of month divs, That's my strategy.

[dividendsforlife]

Excellent video. Would love other dividend videos. Congratulations on the success of your channel. Keep up the great work.

[TripleChevys]

I was thinking about buying PLTR with my Div... thinking PLTR is a 10x in 5 years.

[rb]

I like this idea because it offsets nav decay. I’m currently working on a strategy to completely hedge all price movement on tsly while still collecting the full dividend every month.

[gmv]

I am taking my dividends and if my cost basis is negative, I am reinvesting half the dividends back into the Yieldmax fund. The other half I am splitting and buying the underlying stock for the fund and QQQ. When my cost basis is positive, I will invest the dividends split equally into QQQ and the underlying stock.

[ceciliaruns]

Great video! I have several YM funds in my taxable brokerage and Roth. I just bought my 1st share of Tesla thinking this might be a great way to add some growth!

[CRBarchager]

This is an exellent strategy for those people that have the ability to buy partial shares. I don't. Have have to buy TSLA at the price and I have to pay a fee of $13 PER by and PR sell of x amount of US shares so when I buy TSLA or any other expensive stock I have to make sure I buy alot at the same time. Unfortunately it's not everyday I have $5-10000 laying around to perchase TSLA/NVDA. Buying into TSLY, NDVY or any of the other YieldMax fonds is alot more afordable for me. I might get to the point where it's possible for me to buy partial shares or get enough dividend each month that I can just throw it all at TSLA or any of the other stocks.

[DrunkRussian]

This was my plan, it’s a good strategy to reinvest dividends into the underlying

[brandonfrancisco]

I like your strategy however I’m thinking about taking it one step further, buy 100 shares of AMZN sell OTM CC take the income and buy AMZY then when I receive thr dividend buy more AMZN

[CardsHound]

What do you think about drip on tsly? VS just holding the cash and buying right before the ex dividend date and just collect that cash? Currently I've been using the dividend from klip to buy tsly and tsly to buy klip and using both to boost my voo holding..but if its better to just sell out of tsly and klip and use that cash to buy in and then sell out for each to collect the cash I will.

[brianmorris-uv]

I'm running a PMCC on Tesla and put the profits into TSLY shares which become "free" since they are from my profits and then I get the dividends as well. For instance, this week I have a 1/24 270 Long Call and am selling a 9/24 280 CC. I will take the profit if any and bank it in TSLY.

[andrewferguson]

Cool strategy! At what time would you say you should start buying the growth stocks? Once you have enough to buy one share a month?

[oHMorphine]

Very interesting. Also was thinking if the stock drops after payout then those 2 days of open market right after could be a good buy time

[rcdyer]

I will be taking about 33% of my monthly dividends from Yieldmax funds and rolling them into BKLN and VVR reinvesting them in those accordingly. Hopefully in 10 years that will be a nice size bag to buy a house..

[relaxheal]

I am for now splitting 80 percent into Yeildmax and 20 percent into the underlying stock. Till I get to my goals of Yeildmax then I’ll probably do a 50/50 split.

[catherinedesilets]

I am thinking of doing exactly this on less than 5% of my holdings to try

[dantown]

If you reinvest back into tsly, you double every 17 months? So in 5 1/2 years you have 8x your money?

[PassiveEarnings]

It's a good strategy if you believe in one stock this much. I personally think, a better strategy would be to invest the dividends in more stable dividend or Growth based ETFs, something like QQQM or SCHD would both be a good option. So take risky money, invest in qualified dividends or Growth beast.

[BrokenWill]

I'm currently shorting the Q's because I think tech stocks are overbought.

[awrooterman]

Or spread your money between all of them