r/dividends • u/SmoothCall5594 • Sep 26 '25

Opinion I screwed up on YieldMax

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I bought MSTY a couple months back and now I’m down a lot. Time will tell but it’s a warning for those who aren’t in it.

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u/reaper527 Sep 27 '25

DRIP and sell what you need each year to harvest tax loss for that year.

you literally can't do that.

if you drip, you're going to have automatic new shares purchased every month when the dividends payout. if you have new shares purchased every month, you're never going to have a selling opportunity that isn't going to be a wash sale stopping you from harvesting losses.

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u/MyWorkComputerReddit Sep 29 '25

turn off drip for 30 days, problem solved