THE MAUI METHOD - EASY BEGINNER STRATEGY FOR HIGH YIELD DIVIDEND INVESTING || YIELDMAX DIVIDEND ETFS

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THE MAUI METHOD - EASY BEGINNER STRATEGY FOR HIGH YIELD DIVIDEND INVESTING || YIELDMAX DIVIDEND ETFS

Рет қаралды 7,439

Күн бұрын

High-yield dividend Investing, Yieldmax, Defiance, Roundhill, CONY, AMZY, MRNY, FBY, PYPY, TSLY, OARK, APLY, NVDY, GOOY, NFLY, DISO, MSFO, XOMO, JPMO, AMDY, SQY, YMAX, YMAG, MSTY, ULTY, YBIT, CRSH, GDXY, YBIT, FIAT, ROTN, DIPS, QQQY, JEPY, IWMY, SPYT, XDTE, QDTE, YBTC, KLIP, SVOL
Khmer's Discord: discord.gg/K4bPMQjmrg
/ @wethekhmers

Пікірлер: 95

@SoCalStevo 2 ай бұрын

Sorry guys, I mean YBTC at the end. Apologies. Help me earn my RobinHood credit card! Just sign up for Robinhood Gold (not the credit card) with my link, this is not sponsored: robinhood.com/creditcard?referral_code=50cf1830

@walkaza6478 2 ай бұрын

Aloha!🤙🏻 I'm flattered! Thank you. I pinned your video on my X account (if that is okay with you). I am no longer at Discord because I will soon focus all my energy on my last college semester, but I must admit that Discord is "very" addicting. Lol! You are a great teacher and a master of the chunking method. Well done! Big Mahalo to you, SoCal Stevo🌈🤙🏻

@SoCalStevo 2 ай бұрын

@@walkaza6478 Study up youngster! Enjoy life in paradise :)

@walkaza6478 2 ай бұрын

@@SoCalStevo Thank you, sir. 🤙🏻

@LouisTheTraveler76 Ай бұрын

Great video Steve. I wasn't exactly clear about the workings of UTLY and I like how they actually own the assets - thanks.

@SoCalStevo Ай бұрын

Glad it was helpful!

@patrickbelanger6253 2 ай бұрын

This is brilliant! I follow almost the same strategy, but missing AIPI. And use NYDY instead of MSTY. But I get the idea. Thanks for sharing, Stevo, and I will thank Walkaza for this.

@SoCalStevo 2 ай бұрын

You're most welcome!

@Robsstuff 2 ай бұрын

another great video! Keep them coming! Really appreciate your insight!

@SoCalStevo 2 ай бұрын

Rob, thanks bud! Keep up your work too, appreciate your daily videos!

@jllortega 2 ай бұрын

This seems a simplified version of the wheel strategy, which may make sense for people that begins high yield investing. I already have a more diversified portfolio, and June will be the first month I plan to fully implement the wheel. I am glad to see that you recommend IWMY, which seems a bit controversial, and AIPI, that I plan to buy. Thanks for sharing both strategies.

@SoCalStevo 2 ай бұрын

Thanks!

@bernardclements 2 ай бұрын

Excellent presentation 💯💯💯 Steveo

@SoCalStevo 2 ай бұрын

Much appreciated!

@petediaz9310 2 ай бұрын

I'm mostly a put option seller so dividend investing is somewhat new to me. I like & appreciate your perspective & content.

@SoCalStevo 2 ай бұрын

Thanks!

@joegian378 2 ай бұрын

YBIT is not a Roundhill fund. It's a new one in the YieldMax family

@mattthompson3656 2 ай бұрын

correct-YBTC is the Roundhill etf

@jameswan670 2 ай бұрын

YBIT could be worst ETF. because it has launched when BTC was $ 64K while CONY launched at $27K. so potential of the NAV growth is very limited. And it erodes its NAV more than CONY. very funy

@SoCalStevo 2 ай бұрын

Yup, sorry about that, mean YBTC, always get their tickers confused.

@Suzy-LSI Ай бұрын

Thank you for this breakdown, I like it!

@SoCalStevo Ай бұрын

Welcome, glad you like it!

@edbrandt8972 2 ай бұрын

Another interesting video. I may make a small investment in one of these ETFs soon. I still have over a year before I will need to change my asset allocation to high yielding ETFs. I need to see more history for all of these ETFs. Thanks

@SoCalStevo 2 ай бұрын

You're welcome!

@joannab9854 2 ай бұрын

Hi Steve. Regarding taxes. I moved some $$ for the last 3 years from IRA to Roth IRA. Yes, you pay taxes when you transfer $ but in my case it was worth it. Now, I can enjoy dividends free of taxes forever! My strategy is to have a regular account with qualified dividends only so you pay only 15 to 20% taxes.

@user-jb1qt2cf8x Ай бұрын

Realy love this channel very inspiring. My goal is 5k a month evan with margin. Its will set my mind free. This strstegy very clear and efective. Week 1 iwmy usoy ( evan i love all defince funds) Week 2 msty Week 3 ymax/ulty. And after that i start bulid again defince. Skip the 4 week

@SoCalStevo Ай бұрын

Nice plan!

@NathanielRyan9 2 ай бұрын

MAUI/YUMI method is interesting. Personally, I like having more diversified exposure like what XDTE and QDTE provide which trade options on the S&P 500 and Nasdaq 100. They have been paying weekly dividends at a variable 15%-30% distribution rate which can be reinvested/compounded weekly into something more impressive. It would be nice to see other weekly dividend ETFs come out to have more options.

@SoCalStevo 2 ай бұрын

Thanks for sharing!

@joannab9854 2 ай бұрын

Yes, the rate of this funds is about 16 to 25% per month. Might be low compared to Yieldmax but they keep NAV.

@user-jb1qt2cf8x 2 ай бұрын

Wow its amazing chanel. I have big possition in iwmy but i am afarid of ulty nav decay. What the soulution for the nav decline?

@SoCalStevo 2 ай бұрын

Thanks! For funds with NAV decline, you could just hold the position until your dividends give you 100% ROI of your cost basis, then decide from then what you want to do with the fund, hold or sell.

@user-jb1qt2cf8x 2 ай бұрын

I stick to never sell any share never. I work like hell last 12 months to bulid 1600$ monthly income. I will hold them forever. I would like to buy big possition in ulty but see nav decay all the time. M.a.u.i strategy is much easier to bulid 5000$ a month than roundhil or more low paying funds right? For me mission of my life to get 5000$ a month. Later i can use div to buy more stable shares no?

@orlandogarcia3018 2 ай бұрын

FEPI instead AIPI and can you consider NVDY instead IWMY or ULTY?

@SoCalStevo 2 ай бұрын

FEPI would be fine, but NVDY wouldn't pay in the same weeks as IWMY or ULTY. The big idea is to have a fund paying each week, and ideally it would be the highest yielder of that weeks group.

@Ultrapassive 2 ай бұрын

Hello. May you please provide some options to replace week 1 and 3 with etfs that dont have declining navs? Ideally they'd still have high yeilds.

@andrewbradley1453 2 ай бұрын

Good video Steve Just wondering how many funds in total do you own? I currently have 5 QUAIY

@davidwinter2096 2 ай бұрын

Sold ULTY, great idea for a fund but dropping like a rock.

@SoCalStevo 2 ай бұрын

Fair enough!

@bernardclements 2 ай бұрын

Did the same. Bye ULTY💯💯💯

@multimedialearning7110 2 ай бұрын

went up a bit today

@azreel1138 2 ай бұрын

If it is a great idea for a fund but dropping like a rock then you should be buying it

@wann9333 2 ай бұрын

As the NVDA stock is down, do you think it's a good thing to add more NVDY in our portfolio as alternative to MSTY?

@Daniyoyo 2 ай бұрын

Not at this time , if anything I’ll sell a portion of nvdy and buy Chips

@wann9333 2 ай бұрын

@@Daniyoyo I was thinking that NVDY could make a comeback and back in uptrend

@user-jb1qt2cf8x Ай бұрын

Wiw you are genius❤

@SoCalStevo Ай бұрын

Not me! The guys in discord!

@BowenChen-sh3sz Ай бұрын

This is great, give you a sub! Just wondering if you recommend this for a young person like me (30 years old) who is a bit scared of NAV decline. I do hold YMAX (10%), CONY (1%) and MSTY (1%), but a bit frightened to go all in

@SoCalStevo Ай бұрын

If you're scared of NAV decline, look to my total return video, and choose funds with positive price appreciation. Make sure to pick them up on a dip or ex-dividend date (which is a dip). Gradually as you get more comfortable you can add to your positions.

@BowenChen-sh3sz Ай бұрын

@@SoCalStevo thanks so much

@Driver486 2 ай бұрын

This video inspired me to come up with my own acronym; let me know what you think of it. D.A.S.H. - divo, agnc, schd, hrzn

@SoCalStevo 2 ай бұрын

Nice!

@Kroedkiad 2 ай бұрын

May I please inquire? How many days before you have to buy shares to receive dividends?

@MuzixMaker 2 ай бұрын

The day before ex dividend.

@multimedialearning7110 2 ай бұрын

@@MuzixMaker record date it will always be listed

@MuzixMaker 2 ай бұрын

@@multimedialearning7110 you must own the shares before ex dividend

@joannab9854 2 ай бұрын

Steve. I have a question for you. I assume you own MSTY that moves with BTC and MSTY price will more than likely go up for the next 6-9 months. Are you planning to sell MSTY once this bitcoin cycle is over?

@SoCalStevo 2 ай бұрын

I'm open to selling off any fund if it underperforms as long as my total return for that fund is positive.

@joannab9854 2 ай бұрын

Ok. I got it. I am thinking to sell MSTY to its strength when its price is high. In addition to dividends the NAV will also appreciate. Thank you.

@BYU2726 2 ай бұрын

So just to make sure the method is once you get paid every week you roll the dividend paid into the next etf to create the wheel?

@SoCalStevo 2 ай бұрын

Yes, that's right. You choose, invest the dividend into the next fund before ex-dividend to increase your next distribution, or invest on ex-dividend date to buy shares at a discount.

@TMoore-ul9pq 2 ай бұрын

@@SoCalStevoI am fairly new to investing and have a question. Is it better to invest distributions into the next week for a higher distribution or into the ETF from the previous week to DCA?

@multimedialearning7110 2 ай бұрын

IWMY has gone down by 28% in a year. So if you bought it at 20.80 you would have lost $2,800 plus of the dividends you received you have to pay taxes which would be up to 35% or more. If IMWY keeps declining at the same rate you could be done another 28% in a year until it does a reverse split to keep from being delisted, I own 2807 shares and so far have lost $3200 on the NAV and received $2953 ( taxes will be -$907) in dividends. Bought in early May. If the NAV does not erode it could turn out to be a good investment after 3 months of dividends and beyond. Also own ULTY and the NAV erosion is a bit larger than IWMY.

@SoCalStevo 2 ай бұрын

Total return is positive since inception.

@multimedialearning7110 2 ай бұрын

@@SoCalStevo correct, If you bought at inception date and held up to today you would have made $2090 on an original purchase of 1000 shares(purchase price minus current price plus dividends) . With no DRIP. If you take out a 35% tax you made a profit ( for reinvestment etc) of $1358. So you made about 10% on your money before taxes for the 8 months you owned IWMY. If the NAV had not gone down you would have made over $8,000 in dividends or a 40% profit.

@sneakywan 2 ай бұрын

Yeah, too much NAV erosion sucks even in high income ETFs because it ultimately = dead money that didn't really return anything in the best case scenario in tax free account. The focus shouldn't be taking dead money trades just for the sake of filling every week with "income", that's a less profitable strategy than just picking the best regardless of the week.

@joannab9854 2 ай бұрын

Steve. I also heard and there are some videos on YT that if market is your major income (no W2) you can incorporate, pay SS and more regular taxes and deduct your expenses. You might be incorporated with your rental properties already. You might consider watching the YT videos and talk to a good CPA.

@fullsizerangerover 2 ай бұрын

Im sure this would work better in an Roth...But how are taxes in a regular brokerage acct?

@SoCalStevo 2 ай бұрын

Completely depends (at least in the US) on your tax bracket.

@MaikDesta 2 ай бұрын

YBTC

@SummitMan165 2 ай бұрын

I understand the principles behind the method, but any way to show the results and why to be structured that way ?

@eugenepugachov 2 ай бұрын

Hey Steve, are you adding to portfolio? Or just reinventing the dividends from the holdings you have?

@SoCalStevo 2 ай бұрын

Only reinvesting distributions, haven't added to the principle with my own cash since the start of the year.

@Alphahydro 2 ай бұрын

I don't wanna see the answers, I wanna see your scratch paper.

@LivingonHighYield 2 ай бұрын

Any other high yield week 1 etfs besides IWMY that don’t have major nav decay? I know of SPYT but looking for something around 40% or more annual yield.

@SoCalStevo 2 ай бұрын

Nothing I know of anywhere close to the yield of IWMY.

@LivingonHighYield 2 ай бұрын

@@SoCalStevo thanks I might just end up going with a SPYT / IWMY/ QDTE combo 1st for the time being until something better comes out.

@multimedialearning7110 2 ай бұрын

Be careful when you are on Khmers discourse. If you say something they disagree with or ask a question about strategy they don't like they will kick you out really fast/ Make sure you agree with everything they say and never question any of their strategies.

@SoCalStevo 2 ай бұрын

ask with an open mind, you'll be fine. Ask argumentatively, yes you'll be banned.

@f.w.1318 2 ай бұрын

It’s very simple, you go to the group ask a question, and the group will give a variety of opinions. Everyone in that discord has a different portfolio for their buys and holds, that has worked for them, but when someone decides to dispute, the narrative then it becomes obvious they went to group to be combative or create arguments, then yes you will probably get banned.

@multimedialearning7110 2 ай бұрын

@@f.w.1318 I did that and did not argue and was getting some good responses from 12 people when someone came in and kicked me out, I did not argue

@zinnburban 2 ай бұрын

With IMWY, your will lose the same in NAV as you make in dividend. Every time it pay a dividend, it drops 1 point. That a no go. It will go from $14.30 to $13.30 after dividend.

@SoCalStevo 2 ай бұрын

Total return is still positive.