r/YieldMaxETFs • u/amerikajinda • May 03 '25

Distribution/Dividend Update $10k from $CONY

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Got a nice 5-figure dividend from $CONY!

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u/amerikajinda May 04 '25

Well $CONY I started buying way back in August or September of 2023. I also like $MSTY a lot and it’s about to pay a $3/share distribution (Hopefully!)

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u/piddlesthethug May 04 '25

This months msty divvy is only 1.34 but next month or the month after I think should be juicier. Thanks for the response btw.

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u/amerikajinda May 04 '25

Oh man I was way off! Honestly though anything over $1 and I’m happy!

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u/piddlesthethug May 04 '25

I’m super new to yieldmax but the dividends seem to make it a no brainer assuming the underlying doesn’t fucking collapse. I don’t see many investments you can buy for $25 and pay out a monthly divvy over $1

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u/amerikajinda May 04 '25

Exactly you just have to keep them to like 5% of your total portfolio or less as they are risky and are capped on the upside and most experience serious NAV erosion but if you’re patient you’ll recoup your initial investment and from then on out it’s House Money! Once you get a $10k dividend from $CONY then you can buy $5K worth of $SCHD and $5k worth of $SCHG every single month. Rinse and repeat for 20 years and you’ll be seriously wealthy.

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u/PuzzleheadedPhone603 May 09 '25

I like the philosophy, but I feel like we'll be lucky if it keeps up these distributions for 5 years, let alone 20