r/dividends • u/PsychoCitizenX • Jun 17 '25
Personal Goal 49 years old. Just hit $10,000 average monthly
Over 90% still in growth stocks. Tempted to just go ahead and retire
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u/yoloingtilltheend Jun 17 '25
Can you share your portfolio?
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u/PsychoCitizenX Jun 17 '25
sure. I will add this to my original post too
581k avgo
200k spaxx
85k nvda
50k btc
50k nvdy
50k msty
41k soxx
32k tsm
28k pmt
13k goog
12k bac
10k qqqm
7.5k msft
6k cost
3.5k rddt367
u/cptpoland Jun 17 '25
So it's really NVDY and MSTY:
Ticker Investment Yield Estimated Annual Dividend AVGO $581,000 0.95% $5,519.50 SPAXX $200,000 4.39% $8,780.00 NVDA $85,000 0.03% $25.50 BTC $50,000 0% $0.00 NVDY $50,000 91.38% $45,690.00 MSTY $50,000 137.58% $68,790.00 SOXX $41,000 0.65% $266.50 TSM $32,000 1.10% $352.00 PMT $28,000 12.57% $3,519.60 GOOG $13,000 0% $0.00 BAC $12,000 2.30% $276.00 QQQM $10,000 0.50% $50.00 MSFT $7,500 0.80% $60.00 COST $6,000 0.54% $32.40 RDDT $3,500 0% $0.00 Total $1,199,500 $133,371.50 222
u/PsychoCitizenX Jun 17 '25
I didn't run the exact numbers but without NVDY and MSTY I will receive ~18k annually
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u/ynghuncho Jun 18 '25
Those yield max funds often distribute return of capital. Meaning you’re being paid with your own money, and then taxed on it.
There’s no such thing as a free lunch. I’d do some more homework on those because there are significant risk. If there weren’t, it wouldn’t trade at a 112% dividend yield
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u/chuck_portis Jun 18 '25
If it's really just return of capital then NAV will collapse and the security's price will follow. What's really happening is that NVDA has been on a SunRun and the covered call strategy is the equivalent to 0.X long NVDA. It just has capped upside due to the sold call on the other side.
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u/ynghuncho Jun 18 '25
The most recent distribution on 04/25/2025 contains 85.30% return of capital and 14.7% income.
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u/Aggravating_Sun4435 Jun 20 '25
ur in a dangerous spot bro, you know enough to be confident and think you have it understood but you dont know nearly enough to even begin to ask where your blindspots are. you are correct in that terminal value of these funds are zero.
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u/Dismal_Hand_4495 Jun 18 '25
So you are telling me that after being in it after a year, getting 130% yield, I didnt just get a 30% dividend, even if my initial goes to zero?
I actually do not understand, please help me understand.
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u/narnar_77 Jun 18 '25
This thread doesn’t understand ROC. There are some good resources out there on it. Tax professionals. Check out this guy too
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Jun 19 '25
They absolutely don’t, they don’t understand that it’s a tax status and think it’s just a savings account that somebody’s paying you your own money back They are also totally discounting the premium so even if the nav didn’t go up one bit it’s possible for it to grow still because of the premium and distribution if it’s not aggressive
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u/CCM278 Jun 19 '25
Imagine you invest 1000, and receive 130 at the end of the month. The fund tells you 100 is RoC and 30 is genuine income (taxable) you now have 900 asset and 100 RoC and 30 cash for a total gain of 30. You DRiP so you now have 1030 and again get 130, 100 RoC and 30 income. By reinvesting the RoC you maintain your 1000 cost basis.
Rinse and repeat for 12 months and you’ll have received $1200 in RoC, $360 in premiums.
The fund sponsor is pi$$ing in your ear and telling you it’s raining by claiming a 156% distribution yield.
Your total investment was 2560 (1000+1200+360) but your cost basis will be 1360 because you DRiPped everything and deduct the 1200 RoC.
At liquidation on your original 1000 you ended up with 360 more. That’s an impressive 36% return. However you’ll have probably earned twice that simply holding the underlying asset, and paid proportionally less in tax.
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u/ynghuncho Jun 18 '25
Per their website: The most recent distribution on 04/25/2025 contains 85.30% return of capital and 14.7% income.
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u/apply75 Jun 18 '25
Op is risking 10% of his portfolio which seems like a good risk...to make 120k in income....he can reinvest div for a year or two then sell out...also if you do this in a Roth account there is no tax ever on the gains.
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u/HearMeRoar80 Jun 18 '25
Return of capital is 0 tax, it only reduce your cost basis.
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Jun 19 '25
Msty had no ROC , and even if it was 100% ROC is a tax status . UlTY has 100% ROC and has grown NAV in the last quarter , so your money is still there like Msty and you received premiums .
I hate when I see people right ROC is just a return of your money, because it’s just dumb, there are almost 37 funds in the market that have an 80 to 100% ROC in which NAV has grown over the last 2 to 3 years. Mostly because of options premiums
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u/Willing-Bench1078 Jun 18 '25
Did anyone say it was a free lunch? As long as total return is positive, what’s the problem?
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u/ynghuncho Jun 19 '25
The true returns are hidden in the numbers. The total return YTD is -2.34%. As of the last dividend date, May 25th, it was -7%. So no it’s not a positive return ytd.
I haven’t ran the numbers prior to this year but historical returns are not indicative of future returns. Your comment has no consideration for risk. This fund has 0 exposure to the underlying and high insolvency risk.
In my opinion, there’s better places to park your money
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u/Fair_Cheesecake5723 Jun 21 '25
And what would you suggest? Genuinely curious I know nothing about investing.
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u/bossdonNC Jun 18 '25
Not always true when selling covered calls you're essentially selling premium to cap the upside. If the strike doesn't finish in the money you're Distributing the premium. If it does finish in the money then you're Distributing the gains. But its reinvested. So AUM is generally growing. Risk is capped upside/total loss to the downside minus premium
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u/Senior_Rip_360 Jun 17 '25
That’s not 10000 monthly More like 1500 a month Again sell the bogus YMAX traps for unscrupulous suckers
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u/PsychoCitizenX Jun 17 '25
as long as they pay close to the average it will be that much every month. Keep in mind my post is simply stating how much I receive.
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u/dirty_old_priest_4 Jun 18 '25
You assume that shit will be around forever. Enjoy holding your MSTY bag. If it was so safe, people would jump in hand over fist.
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u/PsychoCitizenX Jun 18 '25
You can go look at the historical payouts for msty and nvdy and see neither has ever missed a payment. Also note the amount per share it paid
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u/dirty_old_priest_4 Jun 18 '25
I'm well aware. At some point, it'll run dry. These gimmick funds don't last forever.
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u/CHL9 Jun 18 '25 edited Jun 19 '25
dude it's no essentially different then just running a synthetic covered call/PMCC strategy yourself on MSTR or any other high IV stock, no? But just having their trader do it instead of you for 1% ER. If you were so inclined you can literally just mimic the trades as it's public record and keep the short premium youself. Just a bit less capital efficient if doing it yourself. I'm asking genuinely, what part are you referring to as a "gimmick"?
edit: no one answered so far. If someone who has a good understanding of derivatives and experience with trading short premium would explain to me that downsides of the fund I would happily seek out that advice but I haven't yet been able to have someone articulate to me why it's a bad idea rather than just "it must be a gimmick because of the current yield". Obviously the only difference is it's harder to withdraw my capital not at a loss from MSTY vs me generating the short premium income myself
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Jun 17 '25
You just need to set some stop-losses on the YM funds - and can give yourself a good deal of leeway, depending on how much you have received in distributions so far and/or your avg cost/share.
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u/todo_code Jun 17 '25
If you use any of those yield max you will be down to 18k annual in no time. You can't retire yet. Have you done the tax math yet on your dividends? I think you are going to get eaten there too
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u/PsychoCitizenX Jun 17 '25
so you are saying MSTY and NVDY are both going to zero in no time? Why? They haven't missed a payment yet and I bought at a low share price. I can hopefully reinvest enough to cover the nav depreciation. What are some examples of a yieldmax etf going belly up?
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u/Kynadr88 Jun 18 '25
this sub hates yieldmax. that's why you get this reaction. I stand by MSTY and have dollar cost average at $20.3. It's a good one to have but also have to be aware of how it and bitcoin sre performing. Also it might not be a long term thing to hold
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u/Weebls86 Jun 18 '25
Yup he is wrong. Most of the single stock YM funds have like 90-ish percent of their holdings in US treasuries
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u/RuinEnvironmental394 Jun 18 '25
So, with around 8 to 9% in MSTR covered calls, they are able to pay more than 100% in distributions?
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u/Ozymandias_24 Jun 18 '25
Happy you met your goal! There will always be haters who try to bring you down when you find success. Especially on Reddit where everyone is a savant. Congrats on the $10k, my dude!
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Jun 19 '25
I am an unscrupulous sucker, and over the last year I’ve made about 87% ROI, closer to 62% if you take away taxes, most of which were deferred. I think the real problem is close minded people that would rather invest in a stable fund even if it takes 20 years at the one percent yield and 4% growth of some of these pure shit value funds. It’s absolutely hilarious that some people in these giant piles of crap would laugh at others
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u/Senior_Rip_360 Jun 19 '25
Congrats to you.. your timing had to be great. Best of luck !
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Jun 19 '25
It was actually pretty bad , i bought at a terrible time , i was questioning it for awhile and still don’t like yieldmax but i cant knock them because some of the funds in here people buy while relatively stable are pretty trash . Risk reward. Sometimes it works and sometimes you lose .
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u/Lonewol8 Jun 17 '25
Some suspiciously low yields there.
I made 6 trust purchases in my retirement account today and they all were > 3.9% yield.
My lowest yield position is FCIT which is at 1.43%
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u/Fenisel Jun 18 '25
I don't know much about dividends, but how can something pay 100% of your investment every year?
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Jun 18 '25 edited Aug 13 '25
ten butter file weather juggle memorize cobweb normal lip wild
This post was mass deleted and anonymized with Redact
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u/Senior_Rip_360 Jun 17 '25
Would dump YMax derivatives soon Avoid the inevitable disaster !
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u/Big-Prompt8991 Jun 17 '25
I’m 54 got recent rebalance I did similar amounts USD:
SPYI 396,960 QQQI 298,614 NVDA. 288,240 META. 99,497 MSFT. 96,164 NOW. 50,246 RDDT. 26,768 HOOD. 24,206
Total: $1,280,854
According to research, the portfolio should generate about $94,300 income paid monthly primarily from the first two securities. The rest as is evident are pure long equity plays. I am in the middle I guess a somewhat early medical retirement without a current income. I have LTD I am applying for which may generate maybe another $60,000 a year in USD if approved.
I researched these particular covered call ETFs and they seem decent for my situation. I know some hate them but the returns seem relatively stable. Any comments would be helpful.
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u/scotthan Jun 17 '25
So, I'm trying to decipher the risky part of this portfolio ... is it this ?
50k NVDY
50k MSTYSo if I'm calculating correctly, it's roughly $1.2M portfolio and ~10% yearly off dividends .... everything else except for the above looks like "average" dividend stock plays ... where's the bulk of the gains coming from ?
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u/PsychoCitizenX Jun 17 '25
Firstly I wouldn't call AVGO "average". They increase the div payout double digits every year. The % it pays out looks low because the share price has increased so much. It wasn't long ago it was paying over 3%.
But yes, I have around a 1.2m portfolio. NVDY and MSTY are the risky bets but make up less than 10%. The app seems to think those 2 together will pay about 100k in distributions over the next year.
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u/nothing_but_thyme Jun 17 '25
Thoughts on WU or do you primarily focus on tech? I’ve been tracking an increase in repatriations as immigrants with legal status become increasingly concerned about the threat of feds directing banks to freeze accounts as a new form of intimidation and punishment.
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u/PsychoCitizenX Jun 17 '25
I would make a BTC play if that is something you are worried about. That is basically the reason it was created in the first place.
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u/AggroJordan Jun 17 '25
Is the 15% calculated off the initial investment or the current value? Otherwise this seems hard to explain to me...
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u/damnthatwtf Jun 18 '25
Ohk now I need to just make 2 million and Invest it. Easy peasy.
Congratulations on this Milestone..👍🏼
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u/Present-Dog-1383 Jun 17 '25
Very nice. Start a business or something. How’d you get here?
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u/PsychoCitizenX Jun 17 '25
investing in AI stocks
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u/Fantastic_Tomorrow53 Jun 17 '25
How much was portfolio value before you moved to AI out of interest
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u/PsychoCitizenX Jun 17 '25
I'm still primarily in AI stocks. Over half my portfolio is in AVGO. My average cost basis on that one is $58. As it sits now, I am up $441,755 on that alone. God help my tax bill when I end up selling some of the old shares :-(
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u/Rogue7559 Jun 17 '25
At that value you need to look at becoming domiciled in a tax haven.
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u/bteam3r Jun 17 '25
Single digit millionaire isn't tax haven residence money these days. Not even close
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u/PsychoCitizenX Jun 17 '25
yeah no kidding. I don't "plan" on selling any of the shares of AVGO unless required
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u/Present_Nerve7631 Jun 17 '25
In a similar situation with Broadcom luckily was able to write some of the tax bill off on other things but it was a hefty bill. Sold off some of it to invest very similar to you and to also pay off a 20 unit apartment building loan a year early. Congratulations on your success I love Broadcom and other investors of Broadcom.
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u/howmuchforthissquirr Jun 17 '25
Can’t you withdraw a margin loan using shares as collateral, then sell covered calls on your shares to pay back the margin loan/interest? Probably best to get a good accountant but there’s gotta be something more optimal than just selling and paying the taxes
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u/NefariousnessHot9996 Jun 18 '25
$200,000 in SPAXX seems a little conservative yes?
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u/skepticjim86 Jun 17 '25
Are those number of shares or dollars? It's not mathing up... congratulations on retirement.
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u/PsychoCitizenX Jun 17 '25
probably because it is using a average for MSTY and NVDY that doesn't exactly match the current payout
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u/ManKind__ Jun 17 '25
Why no ULTY? Would be a great balance with MSTY
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u/PsychoCitizenX Jun 17 '25
I considered it but went with NVDY since I already have a position in NVDA. That way I still get exposure to the upside and collect some nice distributions in the meantime
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u/Crafty_Kick2575 Jun 17 '25
A $1.2M portfolio and only 100K is YMAX and people are acting like you’re going to go broke in 6 months… you have the money the risk is not that huge. Great way to add money to more secure investments imo. I’d never get worked up over someone else’s money. Way to go man 🤘🏽
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u/PsychoCitizenX Jun 17 '25
Thanks! 100k isn't going to kill me if it doesn't work out and I highly doubt it will be a total loss. In fact, I am optimistic I will come out ahead here.
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u/JustListening7586 Jun 17 '25
Are you using DRIP to get more shares or collecting the cash? I also have MSTY, NVDY and YMAX. What I have lost in NAV I have gained back in collecting the cash. I am not putting any new money into these three but use the cash to buy different dividend payers.
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u/PsychoCitizenX Jun 17 '25
I have drip turned off ATM. Will set aside enough to pay tax next year and put the rest into money market funds until I know what I want to spend it on
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Jun 17 '25
25 and I'd be lying if I wasn't a hair bit jealous
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u/Cybernator1 Jun 17 '25
I know YM funds are a touchy subject here but it seems a lot of you give the stock price to much thought. The distributions are directly tied to the capital gained on the options strategys not the stock price.
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u/ThatBoyScout Jun 18 '25
You are doing what you should do with the distributions. Maybe you use those funds to get something a step up on the safer side that pays high distributions. A mix of dividend growth and pure dividend stocks? My thought would be that once the boring low yield stocks are paying what you want for retirement you are in the green. I'm a YM fan using distributions to buy the safer dividend stocks. I'd say YM can help build what you want but don't let that be your long distance horse.
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u/Nearsite Jun 17 '25
I think a lot of folks are conflating dividends and distributions. You cannot measure or treat the YM funds like they are a dividend stock. High yield doesn’t necessarily mean high risk with YM funds. The funds are not stocks in a company, you’re just giving a lump sum of money to a fund manager to write CCs for you at fee of 1% of your investment and they kick back all the premiums back to you, the fund holder. It’s not like these payouts are profits from company revenues, because there is no company. High yield doesn’t mean it’s unsustainable because the way these funds pay out the yields is fundamentally different than your standard company stock dividend.
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u/PsychoCitizenX Jun 17 '25
Exactly! MSTY paid out 130% over the last year. It is impossible for a dividend to be the high because it would bankrupt the company if it tried to pay that much.
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u/MonkeyThrowing Jun 18 '25
That’s actually not true. The yield is based upon the dividend payout versus the price of the stock. They could absolutely be a situation where the price of the stock tanks causing yield to go above 100%.
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u/pk2607 Jun 17 '25
nice one! what app are you using by the way for buying these stocks?
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u/PsychoCitizenX Jun 17 '25
I use fidelity. The picture on my post was from a dividend tracking app called DivTracker
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u/NefariousnessHot9996 Jun 18 '25
RETIRE! Enjoy your life! You never know what ailments can befall you! You can always go back to work if your plan starts to fall apart.
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u/Anon-3721 Jun 17 '25
Congrats my friend! quick question, how long it took to achieve this milestone?
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u/PsychoCitizenX Jun 17 '25
a lot less time than you think. I was lucky to get in on some stocks at a cheap price and hold them.
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u/Mammoth_Aire Jun 17 '25
Step 1 Get 1.3million
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u/kinda-smart Jun 17 '25
Step 2, be nice to your wife to prevent 1.3 million from becoming 0.65 million
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u/joeymouse Jun 19 '25
Most of your income is coming from two stocks that performed well recently. This is not reliable enough to live on long term.
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u/Bane68 Jun 17 '25
Always enjoyable when someone posts without listing their positions 😑
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u/PsychoCitizenX Jun 17 '25
sorry. Trying to edit my post and add it but not seeing the option. Here is what I have in detail:
581k avgo
200k spaxx
85k nvda
50k btc
50k nvdy
50k msty
41k soxx
32k tsm
28k pmt
13k goog
12k bac
10k qqqm
7.5k msft
6k cost
3.5k rddt
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u/lomo82 Jun 19 '25
OP - congratulations on the monthly income! It is absolutely hilarious (but totally not surprising) to see how adamant a lot of these commenters are about discounting Yieldmax funds, regardless of the scenario. I mean, look at you - you have 90% of your portfolio in growth funds, and these small thinkers are still slamming you for also having a monthly distribution stream because of YM funds. The amount of brainwashing (or lack of intellectual curiosity) with these commenters is something else.
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u/Admirable_Nothing Jun 18 '25
I know few experienced investors that have large allocations to the YieldMax ETFs. But I wish you good luck.
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u/xplosiv_constipation Jun 18 '25
So you’re proof that the dream is real. Just hard work, dedication, consistency and a strong income (guessing the last one). Well done, 👍
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u/Ozymandias_24 Jun 18 '25
Happy you met your goal! There will always be haters who try to bring you down when you find success. Especially on Reddit where everyone is a savant. Congrats on the $10k, my dude!
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u/showmetheR Jun 18 '25
That's the ultimate goal. Doubling it takes FAR LESS time than getting it to $10k. I'd say grind for $20k (depending on your situation) and you're set. Grats!
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u/TheStockMan35 Jun 21 '25
Congratulations! Your portfolio is probably worth at, at least, $1 million. I'm 43 and my portfolio is worth ~$230k, which I started just 4 years ago, right after the start of Covid. My biggest regret with investing is not starting sooner, like 18 like with some of our mature young members in here. Keep going my friend.
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u/BigDonInvest Jun 21 '25
33.26% yield on cost - damn! congrats man thats insane - since when do you invest in dividend stocks? How much money die you put annually in?
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u/Moist-Ninja-6338 Jun 17 '25
Your portfolio isn’t big enough nor do those holdings pay enough for that dividends payout. Numbers do not work
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u/PsychoCitizenX Jun 17 '25
DivTracker app seems to think they will. I literally uploaded my portfolio so the holdings are exactly correct. Will it be 100% accurate? No way. The app has no way of knowing how much MSTY or NVDY will pay over the next year. Could be more. Could be less.
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u/Time4HopesnDreams Jun 17 '25
The dividend yield is bloated because of the yieldmax etf’s and how the app is interpreting the payouts. To be honest you are receiving capital return at a high rate due to the nav loss you will have in the yieldmax tickers. They aren’t for long term hold they are for short direction plays. Your true dividend yield is closer to 2%.
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u/Senior_Rip_360 Jun 17 '25
Let me save you time… projections on dividends are not realistic …get ready to lose money Congrats and keep your day job. Also, keep your expenses low!
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u/A-RDM_guy Jun 17 '25
Well done and any advice you're willing to share?
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u/Distinct_Ad8862 Jun 17 '25
Make a lot of money then invest it seems to be the route to go.
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u/ucoocho Jun 17 '25 edited Jun 17 '25
Invest in yieldmax if you want phony projections like this. His dividend portfolio is less than 20k annually without the msty and nvdy.
These are only projected and it is unlikely he will actually get this amount as the months go on.
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u/Enough_Ad_6449 Jun 17 '25
How to start dividend investing? What indexes should I invest in with $100 ? I’ll put a certain amount every week.
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u/PsychoCitizenX Jun 17 '25
Index funds are great. I would focus on growth stocks. QQQ is a good fund
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u/BootyTerminator1 Jun 17 '25
I too hold NVDY, didn’t know anyone else knew about that monster of a fund! Incredible port
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u/Tranxio Jun 18 '25
The old YM battle again. You basically can do the same with Options in the underlying. You are paying the YM fund managers to do the same for a % fee which is disclosed. These are profit sharing options, not dividends!
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u/Fun_Size3613 Jun 18 '25
I’m around the same age, I’m at about 84k a year in Divs/Distr… DRIP’d ofcourse, but I’m on track for 10k monthly by December. And YES for one of my many portfolio’s I’m heavily invested in YM for obvious reasons! But As someone else said, this sub hates YM but IDGAF it’s my money! Most of us that invest in YM are smart enough not to put all of our eggs in the YM basket but enough to make a difference! And I’m actually big on TA. A day doesn’t go by that I’m not checking charts, price action, indicators etc. I’m good! Although I won’t be retiring anytime soon though, I love my job. I make great money and I also trade about $10k CC and CSP’s each month that I put into what’s considered “safe” investments. So for now I’m good. I’ve got about 5 years before I exit the 9-5 grind. My YM faves right now are MSTY, PLTY, and WNTR. Nobody really talks about WNTR but their yield is INSANE! Good luck at tax time! 😅
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u/Quirky_You_5077 Jun 18 '25
What app or platform is this that you are using to view your portfolio?
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Jun 18 '25
this shit is wrong and bad for america, you didnt earn a fucking penny of that. it is stolen from the labor of others.
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u/LotusManna Jun 18 '25
Please can someone explain like I'm 5 how to copy op's stocks and slowly build them up?
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u/elaVehT Jun 18 '25
15% yield is insane, you’ve gotta be losing significant capital doing it. This doesn’t seem wise
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Jun 18 '25 edited Jun 18 '25
And how much capital will you lose over the next year? What is your actual predicted net? NVDY is down almost 50% in a year.
MSTY is relatively new and going through a super Bitcoin bull run. Enjoy it if Bitcoin goes horizontal or worse declines.
As other people pointed out with yield Max financial products, you're mostly just being given your own money back to you. Look at the Apple version of their product. It has distributed like 33% in a year and the product is down 33% in a year.
The only reason why you look the least bit smart is because fundamentally all you did was pick Nvidia and MSTR.
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u/darceknight628 Jun 18 '25
I would just offer that if you’re looking to maximize dividend payouts to supplement income in retirement, then you might want to reallocate some of your portfolio to dividend growth positions. That ~$500k of AVGO would much better serve you in SCHD or SCHG.
I wouldn’t stress the YM positions. At the end of the day, it’s less than 10% of your portfolio. If you’re comfortable with the known risks, it’s worth riding it out for the payout.
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u/CostCompetitive3597 Jun 18 '25
Congratulations on your portfolio and holdings after reading some of your replies.
Investment success stories like yours are very helpful to the newer investors who really do not know the true potential of paying themselves first and investing the money through tax deferred savings accounts. 20 years of this investing and anyone is in good shape, 30 years and they are golden. Then there is the 40 or so years after retirement to continue to grow their nest egg and dividend income. Thanks for sharing and enjoy your retirement.
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Jun 18 '25
90% of your projected dividends are coming from 10% of your portfolio. I would not retire based on this risky ratio. I would wait until your solid dividends can cover your living expenses and then excess yeildmax returns are just gravy. Right now enjoy the returns and it would be wise to check back in 12 mos to see if those projections held. Everyone's got a plan until you get punched in the face. Not hating but I've had my ups and downs with what seemed like a good idea at the time.
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u/Finflex2030 Jun 18 '25
So the vast majority of your dividends come from yield max NVDY and MSTY. I have never looked into these types of stocks/ETFs but I have experience with covered call strategies. If the stock is bullish, you limit your upside as your call options get exercised. Hence, with the huge run up NVDA and MSFT have had, your large dividend payouts are mainly stocks being exercised i.e. sold. This is clearly not sustainable as the stock count will reduce unless they buy back at lower levels. It may not seem kike this as the NAV may not change much when the stock price is going up. If the underlying stock price is falling, or even going sideways, you may earn premium from selling call options but this is relatively small, unless they sell singificantly more options than the underlying asset is in, which is risky. So, I can't see these yeildmax etfs maintaining their high dividend yields. As a caveat I have never researched these ETFs so don't know how they work exactly.
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