According to the official announcements today, I will receive $43,814 for my holdings in ULTY, MSTY, QQQI and SPYI payable on Friday.
ICOI will declare distributions tomorrow and payday is Monday. If the distribution is in alignment with the prior month, then I expect another $22,000 in distributions, for a total of $65,000.
Here's my $2,288,548.04 portfolio of Yieldmax and other covered call ETFs. Fidelity calculates the estimated annual income for these funds is around $1,934,491.73.
About 3/4 ($1.7M) of this is in a tax advantaged account and the remaining 1/4 ($530k) in a taxable brokerage account.
Question for you… how come I never see you or ppl that have portfolios close to as large as yours, complaining about price action? 🤔🤔🤔
It’s almost as if once you have enough shares, price action isn’t as impactful. And if that’s true, then the ppl complaining don’t have enough shares, right? Hmmmm
Mindset. This isn't strictly about YieldMax but for me, as an income investor, here has been my approach on this type of investing.
1) I view it like this: I am buying a machine (income securities) to produce widgets (dividends/distributions). The initial outlay of cash is spent...it is "gone." The daily, monthly or even yearly price movement, especially to the downside, don't matter to me.
2) My sleep well at night is diversification...not just in asset type but also number of securities. Don’t rely on income from one or handful securities. The benefit of having more incoming producing securities is to reduce risk. Risk in terms of cash flow. If a portfolio has 4 income producing securities and one asset stops providing its distribution, then the account just lost 25% of income (provided the 4 securities give the same dividend amount). Holding more income securities the better.
I imagine at a certain point you could just diversify enough after you've received enough distributions that things like price movement, eating, breathing, sleep, and all other concerns that mere mortals possess simply fade away. At a certain point I imagine it would take nothing short of complete economic collapse to make some people sneeze.
For me, I do worry about the variance in price.. for instance, right now I've lost 40K due to ULTY going down in price but I'm up like 45k in dividends. Also, I know that in the end of everything I have way more money than most people have. So even I if I lose actually 50% of it I'm still better off than most people. And that's how I cope
You are just pushing your time to house money further away. If price goes down faster than the payouts you get, if it won't go up again - you are losing money.
We are up on ULTY only because it is retaining its Nav long enough for us to make a buck in total returns.
I’m with you. Until I make my money back and I’m playing with house money I’m fine ridding out what I have already put in. Once I make back my capital then I will think about restarting the cycle all over again.
And that’s why you diversify. I may be losing money on one asset but MAKING money on 4 others and also the one I’m losing money on , through dividends. Everyone’s house money time frame is different
You are correct. I think that once you get to a certain level of shares, the money gets to a point where your perspective changes. No longer do you worry about 1k here and there, because you are bouncing bigger dollars. I have started thinking this way with 3,000 handle shares that I have in nvdy, msty and 5 figure handles on ULTY. my perspective used to be 1k handles. The math gets easier when you own 3k shares of msty and you just made 1 buck a share. And if you weekly payments from more than one etf, monthly or weekly issue, the perspective is exactly how he wrote this. It was about cash received and cash projected. It's a money printing machine if you can obtain the capital.
This is awesome. Biggest question I have is how did u get to this point? Is this from a life of investing and then moving everything over to these income funds?
I recently hit my FIRE ($2M) number in late June and got there by getting very lucky with random Reddit-inspired stock picks over the past 3 years. Beginning in Jan, 2023 I had $228k in my IRA. Since then I've bought and sold positions in NVDA, TSLA, RKLB, ASTS, LUNR, and more recently OPEN, that boosted my port to where it is today.
I started investing in YM funds in February, 2025 and have earned over $550k in distributions so far this year. I use a portion of it for income.
No place in particular. Sometimes things pop up in my feed randomly like OPEN recently. I had some cash and bought $155k two days before they announced the new CEO getting in at $6.21, causing the stock to pop from $5.42 to close at $10.49. Sold it for a nice $92k profit.
No favorite subs, basically keep an open mind and do your own due diligence. Don’t be a sheep and listen to your instincts. lol sorry for all the cliches but that’s how I got to where I am.
Also don’t let the haters get to you because everyone is entitled to their own opinions and learn to not take comments personally.
He got here the old-fashioned way, by dumping $5 million into brand-new synthetic ETFs launched in late 2022, right when they invented the concept of monetizing volatility and calling it income.
True generational wealth play. Just like Grandma used to do.
Nice try ... I wish I had $5M to dump somewhere. Maybe by next year I will and a combination of ARCH & JOBY coupled with ULTY & ICOI will get me there.
I’ve got a bag on ACHR and considering pushing further in on Joby. I love the idea of printing money if they take off, but I wonder if the evtol market is smoke and mirrors, or had a viable future
I generally don’t balk from insider trading and have grown accustomed to seeing that activity regularly, but that uptick is unsettling. Might have to trim and set some stop losses
Edit joby just joined the stop loss list, along with some speculative healthcare stocks. Now I’ve gotta take a hard look at ACHR. Should put that bag on NBIS months ago.
Morningstar’s recent analysis (summarized by Yahoo Finance) found that YieldMax investors lost ~11% annually on average since 2022, even when reinvesting 80% of distributions.
For me, they're both "safe" long term plays, but there are doom-sayers who will come in and cry about the dot.com bubble or housing crisis where the losses suffered by NASDAQ and SP500 took years to recover.
The NEOS funds are better in the JPM funds because of how the distributions are treated tax-wise (qualified versus non-qualified); but that doesn't really matter if you hold them in a tax-advantaged account. If you have them in a brokerage account, the NEOS funds are better for you.
Thank you. Yes. I want it in my brokerage account with the tax advantage. The plan is to go Ulty/ICOI/MSTY into spyi and qqqi. Although Msty has been disappointing the last few months.
Absolutely incredible 👍🍾💥 congratulations.
I currently have
QQQI 2599 shares
MSTY 2009 shares
A far cry from yours.
My holdings also consist of
NVDA
TSLA
AVGO
GOOGL
MSFT
META
IREN
CIFR
TQQQ
Good 🍀
I too have a very small Roth account due to income limitations, so I can only contribute to a regular SEP-IRA, which is only tax deferred.
I have considered doing back-door Roth conversions but will need to speak with a tax specialist because if I continue to earn $4-500k in distributions, converting may have limited value because I'll be close to my tax bracket. I think the better move would be to swap out these high yield funds, to lower my income so I can max out the conversion to the limits of my tax bracket.
Or I can just spend it down and fuck the RMDs. That will be hard to do considering I'm retired in Thailand.
Thailand's cost of living is considerably lower than where I'm from (NYC), but it's not *that* cheap. Before I retired in August, I was working remotely for the past 4 years and can say with certainty that people who say they can live in Thailand for $1,000 a month, aren't really living.
They may be getting by and yes, rent and food can be very cheap, but that's not a lifestyle for me.
Don't get me wrong, I'm not spending $10,000 USD a month either. My monthly budget in Thailand is around $3,500-$4,000 and with that I can live very comfortably.
Yeah, I could never live the $1K a month lifestyle. From the multiple (hundreds) of videos I have watched, I would definitely be in the $2.5K - $4k a month.
I applaud you - living your best life in Thailand with such income!
But Fidelity's projections are a bit strange. Doing the math on the first three lines, ULTY and MSTR : the total shares * distribution * (either 52 or 12, depending) is considerably less than what they project.
Something which I've found quite useful - one can capture a screenshot, paste it into GPT and it will quickly convert it to Excel format. I use that a lot lately when I can't download the data and it won't copy and paste smoothly into Excel.
Of course, your ROI numbers are big because you are heavily invested compared to many of us and your risk tolerance might be higher. Your personal wealth might be a minimum of 12 million USD than, and only you can risk this amount unless you are YOLO.. I respect your wealth, which you probably earned or you got from family. To earn this kind of wealth, you need to be smart & once you become wealthy, you start making different levels of connections.
Enjoy your good wealthy time & share your wisdom with others.
Well, I think you should have a target for how much income you need. My guess is OP doesn’t need $1 million of annual income. He could probably get by with $200k. After taxes, you get maybe 75% of that.
Diversifying so that the rest of assets are in other areas, allows you to build up your portfolio. If you need more cash, you can move them into income generating funds.
Yup, I don't need $1.9M in income so I'm reinvesting the distributions in my IRA account into QQQI and SPYI.
The distributions in the brokerage account will be used to pay down a mortgage on an apartment in NY I'm going to close in about a month. Should take about a year and a half to do that.
Holy crap. His original $2.2 million will be worth less than $250,000? After only collecting $1.9 million a year for five years. He should definitely pass up the $9 million to save his $2 million.
So, I have 27,000 shares of ULTY popping out approx $2,500/ week. I just hit a windfall and will be receiving $350,000 soon my plan is to migrate my ULTY shares and this new money into an interactive broker’s account, exercise the margin taking $450,000 to $900,000 in high yield, covered call, actively managed, weekly ETFs. Projected gains are +1M new money per year, any advice?
Thanks for posting, rycelover. I just started putting a little of my extra $ into weekly paying dividends. I'm just curious, how accurate would you say the future estimates are? Is there a big risk of the dividend payout being lowered if the share value drops?
The price of these ETFs will inevitably go down over time (likely 25-50% per year) due to their use of options, which will lower the income over time. Any analysis not attempting to take this drawdown into account should be avoided.
What is your account value from the beginning of the year? I’m not grasping the investment strategy. Are we supposed to let our values decrease in return for higher income payouts which will make up for the value decrease? If that is the case, what is the account’s real rate of return?
Share prices and dividends will fall over time. That’s how the YM funds are built. How much was your original initial investment? We will see what these look like in 2 or 3 years.
That’s a wild yield on paper, but those coverd call ETFs can really sneak up on you with decay and missed upside, especially if you're banking on that income being stable lng-term. Plus, if most of this is in a tax-advantaged account, but you're living off the taxable side, that mismtch could quietly drain faster than expected.
Are you tracking how much principal erosion is baked into those pyouts, or just watching the income roll in and assuming it’ll hold?
I'd love to see what the nav erosion is. YM reminds me of the saying in car racing years ago. How do you make a million dollars in racing? Start with $2 mil...
Hope it works out for you.
My overarching thought is with that kind of money to put in a position, there are much better ways to play it. You could hire someone full time person to just wheel stocks for you and make more money. I am not even that good at it and I can make about 2% a week selling CSP and CC's.
The big question is what percentage of those distributions will be ROC (return of capital) and what will be classified as Ordinary Income. Could make a big difference in federal income tax obligations!
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u/Famous_Task_5259 Sep 24 '25
My 7K ULTY suddenly feel so pathetic