Going Deeper Into YieldMax ETFs
A couple of months ago, I dipped my toe into YieldMax ETFs.
I purchased some MSFO (Microsoft ETF) and AMZY (Amazon ETF). I viewed them as relatively stable options. I wouldn’t mind owning long-term stocks, and thus, the risk of massive price drops “should be” low.
MSFO is up around 9% since I purchased it on September 10. This doesn’t even include the two dividends of 0.37 and 0.28 that were paid in the meantime.
AMZY is around the same price as it was when I bought it. Add in the 0.63 and 0.54 that AMZY paid during that time.
I’ve decided to put some more money into the family of funds. A few weeks ago, I purchased the FBY (META) ETF. It’s up a bit over that time.
Today, I bought two more – GOOY (GOOGL) and TSLY (TSLA).
Yes, Tesla. My original post talked about picking stable stocks. And specifically mentioned Tesla NOT being stable. But I’ll accept this one “likely overvalued” stock for its 60% annual return potential since the others I own are stable. It’s adding a bit of risk for a bit more return.
One of the reasons for this is to reduce my cash holdings a bit. I sold some of a money market fund to fund these new purchases.
The account I’m using to invest in these high-dividend ETFs now has an average annual return of 25%. I’m pretty excited by that idea.
The amount I’ve invested in these ETFs (MSFO, AMZY, TSLY, FBY, and GOOY) adds up to less than 4% of my total portfolio. So I don’t mind taking a bit of risk with it.
