DIY Options Yields ETFs (like CONY, NVDY, QQQY, etc)
Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
Normally boomers have an advantage over millennials and zoomers when it comes to money.
It’s probably because they had a head start and a favorable interest rate environment to compound their savings.
However, millennials and zoomers can catch up with savvier tech skills and use modern trading/investing techniques.
The option based ETFs from YieldMax, and Defiance offer high yield to the masses.
Note: I have already started positions in
CONY, NVDY, QQQY
I expect to add to my positions when there are pullbacks below my cost basis
I will try to buy these funds at a discount to NAV
It’s an embarrassment of riches BUT:
Don’t blindly FOMO into the funds with the highest yields. It’s unlikely any stock, crypto, ETF can maintain these high yields for long.
Yieldmax recently sent out a distribution schedule.
https://finance.yahoo.com/news/yieldmax-etfs-announces-monthly-distributions-123000425.html
I share my thoughts and an example using $CONY if you’re in a position to do it yourself.
Please use my affiliate link for the Moomoo trading app if you want a great and mostly free trading app.
Sometimes my main trading app Tastytrade doesn’t allow certain trades or set them to close only (like NVDY). That’s why it’s good to have backup trading apps just in case.
https://j.moomoo.com/00B1Py
If you can’t or don’t want a new trading app please leave a tip at the end of this post!
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
