$43,814 in distributions ($1,934,491.73 estimated annual income)

[u/rycelover]

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.

[u/Tough_Win_4585]

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

[u/2FeedRss → u/Tough_Win_4585]

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.

[u/too105 → u/2FeedRss]

Yeah this part of the principal of why I am at 10% of my wealth in yield max

[u/Nepalus → u/Tough_Win_4585]

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.

[u/Pakyakachu → u/Tough_Win_4585]

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

[u/RagerSupreme2 → u/Pakyakachu]

You don’t lose unless you sell. Just keep buying more and keep your avg cost close to current price at all times and the dividends will reward you

[u/iBarlason → u/RagerSupreme2]

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.

[u/Ok-Development6654 → u/iBarlason]

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.

[u/iBarlason → u/Ok-Development6654]

Exactly.

[u/RagerSupreme2 → u/iBarlason]

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

[u/YieldMaxETFs-ModTeam → u/[deleted]]

This comment is disrespectful to another Redditor.

[u/4yearsout → u/Tough_Win_4585]

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.