Yieldmax ETF's in dividend portfolio

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It's been about a year since I posted about Yieldmax ETF's.

Over the past 3-4 months the market has been doing well, so the fund price has been stable and investors are going ga ga over the distributions.

Since have even taken HELOC on the house or used leverage to buy YM funds, claiming that they can retire on the distribution. They believe YM has implemented new strategy that will prevent NAV erosion. But if you listen to YM executive interview, those new strategies have yet been implemented and are intended to address new law changes in 2026.

The executives from YM have also warned investors NOT to HELOC their homes to buy YM funds. As the fund drops in price so will the distributions. But many investors aren't listening (see r/yieldmax) and going out WSB/YOLO style.

I do own some YM ETF's with stop loss. QQQI/SPYI might be a somewhat safer bet than YM ETF's for dividend income.
 
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someguy said:
This is an interesting take on covered call ETFs:

Seems well researched and supported by data.
Click to expand...

I bought 500 shares PLTY in May for $33800
Current value $27900 for loss of -$5,900

Assuming my calculation is correct, from May to present day, 500 shares of PLTY has paid $16741 in dividends.

$16741 - $5900 = $10,841 gains
About 32% over 7 months or 55% annualized

I used to have ULTY but sold months ago.
In general I would not recommend YM ETFs unless if your risk tolerance is high.
 
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