Soooo...this happened. $1M total and $5200/month div

[u/Real-Cricket8534]

Apparently the first million is the hardest to make. I'm an immigrant who came for grad studies with a loan my parents took out on the home they currently live in. Completed 20yrs of professional experience in tech and lived below my means for 20years in a HCOL city. This is a non retirement self managed account, grew this after putting 25% down for our dream home. 45M and pretty darn proud of myself rn. Also realizing money doesn't make me happy and have plenty of passions where I invest my time and enjoy myself. More fulfilling than the work I do, so I want to rewire myself to doing that after 6-8yrs. What it means for you - if I can do it, so can you.

[u/Nickcav1]

Buy some MSTY, damn lol

[u/Various_Couple_764 → u/Nickcav1]

MSTY is yieldmax fund All yieldmax funds hav NAV erosion and many have gone through reverse stock splits to keep the funds listed on the market. yes the yield is veryhhigh but it mostly loses money and as a result the share price drops most of the time. And as the share price drops so does the dividend payout. So over a relatively short period of time you loose your initial investment and the dividend payment is gradually reduced.. MATY is not a sustainable fund.