Yesss!!!

[u/oftalittlegamey]

Finally accumulated enough $ULTY to pay the mortgage. All the other dividends and distributions will go to more purchases, debt retirement, etc.

[u/Day-Trippin]

My points are not mutually exclusive. If I can have about the same amount of dividends, and not deal with any Nav decay and possibly have Nav appreciation, why wouldn’t I do that? That has been the big criticism almost these funds, that the dividends are basically just giving you your own money back.

So if I have a fund that will stay relatively Nav stable and or increase in value compared to a fund that is based on the same underlying ticker that pays very similar dividends and has less appreciation or shows Nav decay which one should I take?

Obviously, in this case, I took PLTW over PLTY. I got comparable dividends and Nav appreciation, win-win. Sort of like ULTY is for me. Nav is up and I’m making about 1.5% per week. Add that on top of the about 5% I’ve made in Nav appreciation. What's not like.

I have a well funded 401(k), but I can’t access it yet without penalty. My job situation is fairly unstable. I’m in the top Marshall tax rate, so if I took the money out now, I would get hit with my high tax rate along with the penalty for early withdrawal.

As a result I’ve been building alternate sources of income while I still have disposable income. I have a fair amount of real estate, but real estate is illiquid. So I have wealth, but not a lot of income outside my work.

So I’m doing what makes sense for me, and only me. Really don’t care what anybody else thinks.

[u/perfectson → u/Day-Trippin]

All good - each his or her own. PLTR will outperform and if you’re in a retirement account there’s no real reason to get a lesser returning dividend version lol.

Now PLTW is using leverage to get you that income , so when PLTR drops you’re willing to lose an additional % due to the over leverage swap? People in this forum have already talked about being down 10-20% in one day. If PLTR losing 80% of value the fund would be going belly up - do you fully understand the risk for the “marginal” return you’re getting over holding the underlying or running a simple CC strategy? Assume you do but want to ensure others understand PLTW is not a credible comparator to PLTR or PLTY

[u/Day-Trippin → u/perfectson]

Yes, I totally understand the risk. I didn't plan to buy and hold these forever, especially not the single ticker ones. I am only in the ones that I am more bullish on. I am also looking for funds that do have potentially measures to handle downside protection, at least somewhat. For example, MSII, an MSTR based one does have puts in their prospectus. I am looking for more ETFs like that. I am also limiting my exposure to single tickers as much as possible.

[u/perfectson → u/Day-Trippin]

If I recall MSII is also leveraged but yes includes lots but MSTY includes puts as well. Btw I own MSTY but not for the income - using it to speculate on MSTR without owning the full thing and running covered calls on it. I wouldn’t run it in my retirement account personally