I really appreciate your feedback. Interviewing is harder than it looks but I'm working on improving with each one. Only 85k subs to go and that 100k is a done deal ;)

I have a similar view. I discounted single stock income funds but after talking to Howard, I'm open to them. However, the concentration risk is still there so I'd want to allocate accordingly.

Thanks for being one of the first to watch it!

Agreed!

Glad you enjoyed it!

That's great to hear (I mean read). I'm glad you like it!

Much appreciated! I'm glad you enjoyed it.

That's a decent metaphor!

Nice detective work...yes, you described their pipeline. It's too early for me for the reasons you gave, however, I thought it was interesting to learn about their strategy.

Based on his choice of words, I inferred that one of the ETFs was going to be a bond ETF, so the Short Maturity ETF will probably be something like that. I'm interested in what the final version of the Tax Optimized Large Cap ETF will turn out to be.

Will be interesting to see what sort of distribution % the new funds will generate. Lower volatility will mean a lower payout but could be a good balance for the single stock positions.

He was great to interview. I hope they release more ETFs that I'm interested in because I'd like to interview him again.

Awesome, thank you! Glad it was helpful and thanks for taking the time to share your feedback.

Thanks for your feedback. Glad you liked it :)

Glad you liked it!

Thanks for your feedback. There was more to KURV than I anticipated.

VIIKING - Can you talk more about your YieldMax experience? It appears their strategy is to erode principle in the name of increasing shares. I'm interested in buying into either YMAX or AMDY (I think AMD has a great future) but I don't want my principle to disappear.

@@SomeUserNameBlahBlah Creative username. :) I own about 10 of the yieldmax funds including AMD & YMAX. From my experience only the funds with very volatile underlying stocks erode principle, because the covered call strategy can only capture some of the upside when their value goes up. The Defiance funds are the best example of this (QQQY, IWMY or yieldmax TSLY, CONY, etc). Defiance are the hardest hit with principle loss because they do daily calls (caps it daily), the yieldmax do weekly calls (caps it weekly), and Kurv, or standard CC funds generally have a smoother growth as they do monthly calls. You can also see that the distribution yields are highest on the daily, and lowest on the monthly. If you don't want your principle to disappear, then you have to pick an underlying stock that always goes up or stays the same... good luck! The income return on a perfect fund like this will be really low because there is no risk. Yieldmax or any CC ETF fund makes money with volatility. My suggestion is pick AMD or an stable underlying fund you believe in, and just let the returns come in. Even if your principle drops a bit because of a bad market or earnings, you'll still be ahead on total return (distributions + principle). For myself, right now my AMD is down 7% from my purchase price, but my total return is positive 3% with the distributions. I could sell tomorrow and still be ahead of what I invested. As AMD goes up which I believe it will, then my principle will return and in the meantime distributions keep coming in each month and increasing my total return %. (Not a financial advisor blahblah :))

Much appreciated!

Early days but they're off to a good start!

Important to understand the concentration risk of any single stock fund. Glad you found it an informative interview!

Hi Jay, See my other post here an YM vs Kurv, specifically for TSLY vs TSLP. Spoiler: about the same. I own several YM ETF's and they are doing well. NVDY, AMZY and FBY. Could be worse, you could have owned TSLA direct. :-/

Important to appreciate the concentration risk; great point!

Thank you! Cheers!

Thanks for the encouragement!

Glad it was helpful!

Glad it was helpful :)

Glad you enjoyed it. I'm a Pimco fan, and usually hold at least 1 of their funds.

Glad you found it helpful!

Much appreciated!

Thanks for your feedback and words of encouragement. Interviewing is harder than it looks but I enjoy it and want to continue to work on getting better at it. Income ETFs aren't for everybody but in some situations, regular cash flow has value, especially when the market is crashing!

It's early days but I'm open to the concept...

Thanks for your feedback. I have a similar approach. I prefer funds but it's still interesting to learn about funds like this.

Thanks for your feedback. The downside protection isn't popular yet, but I agree that there's a market for that.

Thanks! Glad you found it useful.

Glad you enjoyed the interview :)

Thanks for watching and taking the time to comment.

You're most welcome :)

Thanks! Glad you enjoyed it :)

Glad you enjoyed it, thanks for letting me know :)

Glad you enjoy it. Comments like this make it worth the effort that goes into making these videos :)

I signed up for KZfaq Premium....no ads!! Also, you can download shows for plane trips etc. I'll be interested in the wrap ETF too.

@@armchairincomechannel Premium is on my wish list also … did it cut all the ads between, before, during and the end of the clips you watched? Meaning no ads AT ALL??

Glad you enjoyed it!

Thanks for your feedback. There are a lot of moving parts to NAV so its difficult to analyze. You can absolutely lose principal with (almost any fund, including) this fund because if the underlying stock falls in value, so does the fund. I'll take your suggestions into consideration going forward.

I agree. If there was NAV erosion I would not have wanted to do the interview!

Thanks for your feedback. There's no denying the concentration risk but when a basket fund comes along it will attract more investors.

@@armchairincomechannel I would like your thoughts on the fee. I know Howard mentioned the .99% is standard for something like this but JPM (fair enough has massive pricing power as Garrett mentioned in another video) has JEPI/JEPQ at .35% and even SPYI / QQQI are at .68%, .99% for KURV when you have a single stock ETF seems a bit high as he is not managing a basket of anything but I am learning more about this type of investment and appreciate the input.

Thanks for being one of the first to watch it. You must have the notifications bell turned on :)

Thank you kindly :)

Glad you enjoyed it!

Thanks for your feedback. I'm just happy that other people are interested in income investing too!

Interesting take. Thanks for your feedback!

It’s a good point. The answer is that yields will come down as inflation comes down. Net purchasing power won’t change much. In other words, the yield relative to inflation is more important than the absolute yield. For KURV specifically, if rates get low enough they will switch from T Bills and synthetic positions, to holding the underlying stock.

Glad you found it helpful. I think Yieldmax fans should keep an eye on this one.

Thanks for your feedback. Also...good to know somebody is reading comments other than their own :)

Glad it was helpful!

Glad you enjoyed it

They both focus on option strategies but they're quite different. The KURV team has a background in fixed income and actively manages the treasuries...something we didn't get time to discuss. Also, NEOS is focused on index funds while KURV is focused on individual stock funds. They're 2 completely separate companies with separate teams on opposite sides of the country.

Glad you liked it :)

It might well be their most popular fund when it comes out.

I think the fund of funds will be a hit! Thanks for watching.

Glad you liked it. Fractional is becoming more popular each year!

@armchairincomechannel Also you of course for putting this together, thank you too

Thanks for your feedback. I feel like everybody on planet earth with more than $5 invested owns some Apple somewhere! It's early for me but I'll keep an eye on Kurv.

LOL! I haven't seen a merch shop but you may have hit on an untapped revenue stream for them :)

I’d prefer a share or more of their IPO, or a vest, size XL, for making the suggestion. I’m sure Shopify would be an excellent host?

NAV erosion is an important factor to consider. After that loss I expect you'll be much more cautious about which ETFs you buy.

@@armchairincomechannell Certainly am, you do great work on yt I appreciate all your content.

I agree that its quite new. I like what they've done so far, but I want to see more history and trading volume before I buy. I'm also more interested in the fund of funds (in the pipeline) than the individual stock ETFs.

Yes, there is potential for NAV decay as discussed in the interview. It depends on the path of the recovery. Calls are written monthly and often sharp declines recover within a month. However, there are recovery paths that would be erosive. A sideways market would actually be good for a covered call fund, if it wasn't too volatile. It would produce income without erosion, while the underlying doesn't make a substantial move. Their back testing doesn't show the fund "failing", but only time will tell. It's too early for me to invest as I'd like to see more data history.

The synthetic position is written quarterly so assuming you wrote an initial synthetic at 100 you have a call at 100 you could exercise at 105. The 100 put you sold could be very cheap to buy back. If the manager is on top of things they have lots of options. ( pun intended)

Kurv does not issue K-1 forms. Those are generally for master limited partnerships, not ETFs. I can't give tax advice but Kurv's funds are ETFs so they're similar to the thousands of other ETFs.

Yes, there's concentration risk for a single stock ETF.

Not yet, it's new.

Thanks! If you have a long time line...VOO. It's the S&P 500.

@@armchairincomechannel But VOO has low dividend ! . I wanna buy somting Around 13% dividend, I gave QQQi in my wach list

Thanks for the suggestion. They're quite new so there isn't much data to review, but I'll take a look.

@@armchairincomechannel thanks, what interested me about those ETF i'd like to see how much % are they holding and how much % are they using for calls. ie jepq 80% hold and 20% call.

It would boost the yield but the risk would go from high to higher. Some investors might like that.

@@armchairincomechannel notes for when we become fund managers in our next life.

If you're not a rocket scientist then that makes this quite difficult...

But that expense ratio is average - or maybe not. It gives me pause too.

0.99% is relatively high but that's what Yieldmax is charging and they're making a fortune. If larger players that don't need to make a profit for a while enter the scene, that number will drop.

I've invested in 2 NEOS ETFs and am happy with their service so the affiliation is more of a plus than a minus to me. However, the option strategy was created by Kurv and is different from the products offered by NEOS. The reason Kurv uses NEOS is because they can execute the trades at a lower price. As for PIMCO, I regard them as one of the most reputable fund managers in the US and hold several of their funds. I'm sure they have funds that "Underperform" but it would depend on how you define that and which benchmark you use. I wouldn't describe an employment history with Pimco as a "red flag".

Me too! I'm keeping an eye on GOOP and so far the NAV is growing.

I'll just say....I don't hold TSLA.