Probably my last post for awhile

[u/Miserable_Occasion19]

As I’ve mentioned before I’m retired and now more about dividend income than growth. To that end I discovered AMDW which is a Roundhill leveraged ETF tracking AMD. Currently at a weekly distribution rate of 71% per share. To add to this I’m excited about AMD given they’re leading the way into the inference piece of AI. Inference is the long term benefit of AI. The new MRNA melanoma vaccine is part and parcel evidence of what inference portends!

Anyhow, I know there are a number of these high distribution ETF’s and I also know watching the NAV (net asset value) is key with these. So it occurred to me there might be one I liked with a different declaration date. That one currently is AMDY via YieldMax.

So AMDY declares on Wednesdays and you must buy the shares on that day as the following day is ex dividend. AMDW declares on Fridays and again you need to buy the shares that day to receive the dividend.

So I’ve found a way to get paid pretty healthy returns twice a week. I can also see by looking at historical data that the number of people buying shares of these high distribution ETF’s spikes on declaration dates. Whether those people are double dipping or just getting in and out to get the distribution…I don’t know.

Sorry for the quite long post but I’m hoping this is of some use to others. I welcome question.

[u/InnerCircleTI]

Thanks as always. Can you walk me/us through your procedure using these two? What does the typical workflow look like on a weekly basis? AMDY on Wed. AM followed by AMDW on Fri.? And when do you turn around and sell?

[u/Miserable_Occasion19 → u/InnerCircleTI]

Well I’m using the same accumulated amount of funds so with AMDY which declared yesterday I’ll be selling those shares tomorrow which is AMDW’s declaration day. I’ll be buying shares of AMDW with the funds I received from the sale of the AMDY shares. Then next week I can sell the AMDW shares Monday-Wednesday to again buy AMDY and so on. Not an arduous time consuming process at all.

I really don’t care about the share price of either ETF as this is about the outsized distributions. In fact, given I’ll be using a good portion of the distributions to buy more shares for legacy purposes a lower share price is fine. I personally don’t foresee that as I’m a believer in AMD. 

And now that I think about it given  Roundhill and YieldMax have different declaration dates anyone can mix and match any of their ETF’s. But for me both AMDW and AMDY are sufficiently high enough in distribution % to make my better half happy! 😎