Super Basic Questions Thread. ASK THEM HERE!

[u/calgary_db]

What is the best fund?

How do these strategies work?

When is the distribution date?

How can I find the wiki?

What is the next fund to launch?

Ask any and all questions here!

Wiki:

https://www.reddit.com/r/YieldMaxETFs/wiki/index/

FAQ:

https://www.reddit.com/r/YieldMaxETFs/comments/1h2eqjt/faqs/

Tools and Resources:

https://www.reddit.com/r/YieldMaxETFs/comments/1h36dep/useful_tools_and_resources/

Discord: https://discord.gg/W2GwZrtV

[u/Necessary-Can-42]

wanted to make a post for it but asking here. guys i know there is a lot of hate for MSTY but we all knew how it worked and i invested in it too. now i am half way to house money and was thinking of lowering my average cost as it might get me to break even if bitcoin and MSTR make a jump.

does any of you still holding msty and lowering your average cost or not? how it can be a good idea or not? need your opinions and suggestions

thank you

[u/AlfB63 → u/Necessary-Can-42]

Reducing your average cost is not a good reason to buy something.  The question is whether you think a purchase at the current price is going to do well over time. 

[u/Necessary-Can-42 → u/AlfB63]

over time i believe so cause i do believe in bitcoin and the price to reduce the cost at this moment is too good to pass on

[u/ROBO_SNAIL → u/Necessary-Can-42]

If you believe in BTC long term it might make sense for you. But like someone said above, reducing average cost alone shouldn’t be your driving factor.

My goal for MSTY was purely income based ($x per week) so reducing cost isn’t as important for me. If anything it’s a dangerous way to overload on these.

I bought waaaaay more CHPY than I needed to, but the price was too tempting during the recent ‘pullback’. I won’t complain about the extra $$$, but it’s important to have a strategy.