$2400 Core Number Compounding with YieldMax AMZY ETF for Passive Income - Update

$2400 Core Number Compounding with YieldMax AMZY ETF for Passive Income - Update - Fidelity

Рет қаралды 408

Ай бұрын

Amzy with down a little today. I'm down about $30 from my core number of $2400. At this number, it's probably not beneficial to buy the dip or rip until at least the $80-$100 range. So holding. Reminding myself that I trying to build easy passive income with the dividends. (combined with core number compounding)
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Пікірлер: 6

@2ryan_X0 17 күн бұрын

What’s a good number to rip at ? And what’s a good number to buy back in ? Is it around the amount to buy a whole share ?

@StormSeeker007 Ай бұрын

What if it's a bear market, wouldn't all your profits need to be re-invested back into the asset, to bring you back to your core number?

@ScottsPC Ай бұрын

Yes. The underlying stock is Amazon. This AMZY ETF will go where Amazon goes.

@StormSeeker007 Ай бұрын

@@ScottsPC sounds good, but why not just buy and hold? And if you keep bringing your balance back to your core number, it seems like your investment stays the same. The money you took off the top for bills will need to be reinvested. Unless of course you have a guaranteed uptrend. Sorry I’m just confused and don’t understand the strategy. Unless this is strictly for KZfaq content and entertainment. If it is then I understand.