Stock Market

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I bought some IWX (Russel) and a QQQ track that pays a dividend during the current "dip".

I've been wanting some index funds and figured I'd get a token amount while they're on sale (30% off).

Today I'm up 10% on both, but I bought more of the dividend payer.

I may be premature, but at least I have that token to easily track when I view my holdings.
 
...and a bit of a "don't bet if you can't afford to lose" pick-

MSTY

Learned about it on another forum.

Get this- 123% dividend.

You read that right- 123% as of this morning. It does fluctuate quite a bit but seems to always be around 100%.

The price fluctuates as well, Was 25.1 when I bought. 22.7 this morning.
I guess it goes down after a dividend payout and builds back up to the next one.

Here's "the catch"-

It's a fund that buys and sells options on another fund, that...stay with me here, it's a bit foggy...buys and sells options on bitcoin.

I'm in for $500 just to see what happens.

I may buy $500 more to DCA a little.

Ex-dividend was yesterday.

Payout is tomorrow.

...and it pays every 4 weeks (not once a month), so 13 times a year- that's odd.

I gotta see what happens mid term on this.

I'm super shy of actual bitcoin and it's HUGE speculative swings.

...but these folks are putting a LOT of effort in tracking it and "hedging" the movements.

:popcorn: :popcorn: :popcorn: :popcorn: :popcorn:
 
That $AXON purchase worked out as of today. Not quite 10% but better than the S&P so far. April was the better dip for sure!
 
YY1 said:
...and a bit of a "don't bet if you can't afford to lose" pick-

MSTY

Learned about it on another forum.

Get this- 123% dividend.

You read that right- 123% as of this morning. It does fluctuate quite a bit but seems to always be around 100%.

The price fluctuates as well, Was 25.1 when I bought. 22.7 this morning.
I guess it goes down after a dividend payout and builds back up to the next one.

Here's "the catch"-

It's a fund that buys and sells options on another fund, that...stay with me here, it's a bit foggy...buys and sells options on bitcoin.

I'm in for $500 just to see what happens.

I may buy $500 more to DCA a little.

Ex-dividend was yesterday.

Payout is tomorrow.

...and it pays every 4 weeks (not once a month), so 13 times a year- that's odd.

I gotta see what happens mid term on this.

I'm super shy of actual bitcoin and it's HUGE speculative swings.

...but these folks are putting a LOT of effort in tracking it and "hedging" the movements.

:popcorn: :popcorn: :popcorn: :popcorn: :popcorn:
Click to expand...
Those yieldmax funds are a crapshoot. That yield is a LURE to suck you in. Yield only really matters if the underlying asset remains stable. If the asset erodes, yield is a mirage.

MSTY is a covered call fund that trades MSTR (via synthetic option position) and the calls.

If the stock cooperates, they do OK. If the stock doesn't they absolutely SUCK at managing the covered calls/strikes. Management is lazy and not active. It's put the trade on for the week and wait to roll it or close it 99% of the time the next thursday or usually Friday (day of option expiration).

Look at a chart and note the general direction of the price. Most are higher on the left side than on the right. It's mostly downhill for these funds and you have to "hope" the distributions outstrip the nav destruction/degradation.
 
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Thanks.

WAY more than I'm comfortable trying to understand.

As I said it's "don't bet if you can't afford to lose" money.
 
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