Anonymous #1 6w

also, it’s not the worst financial advice if you listened to literally anything I said you’d see that Woa if I don’t go full port and I average my cost basis and I invest the dividends into other stocks after a year it won’t even matter if it’s “not profitable”

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Anonymous #1 6w

Did you look at their financials? Where did you get the information? Somebody else? Did you look into it yourself? If not then don’t give out financial advice or “recommendations” because I have and yes it’s risky, however not until 2 or more years out but the dividends will more than pay out in which case you take the dividends and invest it elsewhere.

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Anonymous #1 6w

Did you just blow in from stupid town?

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Anonymous OP 6w

Did you?

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Anonymous #1 6w

I’ve actively invested in them and have been actively making profit if you don’t know what your doing say so.

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Anonymous #1 6w

It’s not just risky. You are guaranteed to see stock price drop even when the underlying stocks are consistently up… the price will consistently depreciate regardless of performance. The dividends won’t outweigh the diminishing price in the long run. I don’t need to see your financials to tell you that yield max ETF’s are a waste

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Anonymous OP 6w

Okay so you didn’t listen. You don’t just hold and pray you rotate dollar cost average I told you that my investment did outweigh the “depreciation” of the fund

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Anonymous #1 6w

Also, no you’re not guaranteed to see the price drop. I mean get out like 5+ years probably

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Anonymous #1 6w

Also called nav erosion. You don’t think people who invest in it know about nav erosion. It’s capped with gains and uncapped with loss. They’re not meant to be held long term. They are meant as income

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Anonymous #1 6w

Yea I know bud. I’ve read up on these quite a bit. It’s genuinely not worth it. There’s really no benefit if you have a well paying job. Unless you’re a jobless trust fund baby or working a very low paying job, you’re just hemorrhaging money through taxation.

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Anonymous OP 6w

Sorry for coming on strong. I see what you’re saying and for the majority of people I’d agree. Also, I’m none of those although I trade now for my job I’ve gotten good at having two things passively earn me money and then I overnight trade futures

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Anonymous #1 6w

I strongly considered yield maxing but my salary puts me in the 24% marginal tax bracket. I don’t spend more than 20k a year as is so it doesn’t make sense for me to increase my taxable income versus holding growth ETF’s long term. If I was going into retirement or taking some kind of career sabbatical I could see it making sense.

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Anonymous OP 6w

That’s what it’s for. The last few years of retirement so you can have income. They don’t care about nav erosion because you would be focused on income

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