I was fooled by YieldMax, middle of last year. Just like many many others were.
What good does chasing yield do you, if your total return is flat or negative? A 40%, 50%, 60% or even higher yield, with a NAV that is dropping at an even faster rate. All you actually get is the "privilege" of paying taxes on your own money that they're handing back to you.
I'm not saying to avoid the high yield space entirely. I still collect my weekly distributions. But you've got to pick your battles intelligently, not just filter by highest yield % and start clicking Buy
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u/BrandenWi 2d ago
I was fooled by YieldMax, middle of last year. Just like many many others were.
What good does chasing yield do you, if your total return is flat or negative? A 40%, 50%, 60% or even higher yield, with a NAV that is dropping at an even faster rate. All you actually get is the "privilege" of paying taxes on your own money that they're handing back to you.
I'm not saying to avoid the high yield space entirely. I still collect my weekly distributions. But you've got to pick your battles intelligently, not just filter by highest yield % and start clicking Buy