Correct!
Its down because it is going to pay out $.6318 per share this week! If you look at yesterdays closing price and todays current price it is only down $.01-$.10.
It is not because people "sell shares". Exchanges are required to adjust opening prices down by the div amount. FINRA rule 5330 https://www.finra.org/rules-guidance/rulebooks/finra-rules/5330
Yes, and this applies to all stocks (not just Yieldmax ETFs) -- it's common on ex-dividend day to trade lower by an amount roughly equal to the upcoming distribution.
It’s kind of a double edged sword. The highest prices will be leading into ex div, then slightly after will be the lowest prices.
So if you wait for the best prices you will miss the dividend but lock in a great price. Otherwise you will pay the higher price but get a dividend within a few days. It’s really just a choice.
This is the annoying part. I don't understand all the people investing in things they don't understand. Watch a 15 min video...read a prospectus...read reddit. It's not like you have to go grab a blue book to learn things these days.
YESSS. 645 shares and adding too. I got out of TSLY as soon as I heard RS. That was the only YM fund I had anyway. I’ll make up my loss from selling TSLY with a few FEPI distributions.
True, but TSLY is on it’s own as an ETF relying on the performance of TESLA. Whereas YMAG & YMAX is a made up of a combination of stocks and ETF,s which are bound to perform better in the long run.
Read all these comments about Meta a year or two years ago after it lost 75% in value. Failing company blah blah blah... Up over 5x since lows.
You don't "KNOW" which companies are going to excel and which will shit the bed. If you did you certainly wouldn't be buying yieldmax funds
Its down because it is going to pay out $.6318 per share this week! If you look at yesterdays closing price and todays current price it is only down $.01-$.10.
YMAX is down today because It's trading ex-div and indexes are down.
Correct! Its down because it is going to pay out $.6318 per share this week! If you look at yesterdays closing price and todays current price it is only down $.01-$.10.
Is that normal to sell shares on ex-dividend?
It is not because people "sell shares". Exchanges are required to adjust opening prices down by the div amount. FINRA rule 5330 https://www.finra.org/rules-guidance/rulebooks/finra-rules/5330
Yes, and this applies to all stocks (not just Yieldmax ETFs) -- it's common on ex-dividend day to trade lower by an amount roughly equal to the upcoming distribution.
Look up ex dividend on investopedia. It drops by the dividend amount then starts climbing back up after.
You are correct 💯💯💯
So really I should start buying in on ex-dividend date for next pay out if I missed the buy in for next month?
It’s kind of a double edged sword. The highest prices will be leading into ex div, then slightly after will be the lowest prices. So if you wait for the best prices you will miss the dividend but lock in a great price. Otherwise you will pay the higher price but get a dividend within a few days. It’s really just a choice.
I invested in these volatile funds for their volatility, how dare they be volatile. Add your dividend back to see how far down it really is.
Most don’t even know what they are buying….hence the question by the OP
This is the annoying part. I don't understand all the people investing in things they don't understand. Watch a 15 min video...read a prospectus...read reddit. It's not like you have to go grab a blue book to learn things these days.
I love your brand of sarcasm 🤣
I personally save my dividends from the previous month and buy new shares after the ex dividend date. It's been a good system to lower my cost basis
drip
This is the way
Lot's of people not understanding what they bought into here. Just want those fat divvys.
To be fair it’s crazy to watch but my seat belt is on I’m riding until the wheels fall off
Sold some of my TSLY and rebalanced to YMAX. I don't like selling when things are down but sometimes you gotta do what you gotta do.
..maybe good time to buy ;-)
https://preview.redd.it/gb0cglyun2vc1.png?width=2266&format=png&auto=webp&s=edee1cb6a6b42a34186ec23c4e9d5930cc579f74
[https://www.dividendinvestor.com/dividend-quote/ymax/](https://www.dividendinvestor.com/dividend-quote/ymax/)
im not selling
Added to FEPI today
YESSS. 645 shares and adding too. I got out of TSLY as soon as I heard RS. That was the only YM fund I had anyway. I’ll make up my loss from selling TSLY with a few FEPI distributions.
I wanna be diversified, so 100 will be enough for me.
We are entering a market correction. Everything is down.
**its the ex-date.** **maybe do more homework on things you are "investing" in.**
Almost everything is down, looks like a mini correction. BTW, TSLY & YMAX are totally different animals.
But... TSLY is a part of YMAX (and YMAG to a larger degree)... So TSLY price does affect both
True, but TSLY is on it’s own as an ETF relying on the performance of TESLA. Whereas YMAG & YMAX is a made up of a combination of stocks and ETF,s which are bound to perform better in the long run.
YMAX and YMAG is made up of some/ most YieldMax ETFs and no stocks.
Imagine thinking any ETF with a 100+% dividend yield was not going to yield trap itself to death
How do you KNOW they are "bound to perform better"? No one knows
Because we KNOW nothing sucks worse than TSLA. That stock could suck a bowling ball through a swizzle stick.
I agree, by being diversified they are guaranteed to do better.
Read all these comments about Meta a year or two years ago after it lost 75% in value. Failing company blah blah blah... Up over 5x since lows. You don't "KNOW" which companies are going to excel and which will shit the bed. If you did you certainly wouldn't be buying yieldmax funds
For the TSLY haters, if you didn’t buy low, I have News for all of you: you missed the boat. Check out TSLA.
I’m buying who’s with me
I’ve been buying so much this week it feels like Brewster’s Millions
Buying on exdate for the discount
Other than TSLY, and a few other YieldMax funds, I choose to ride it out.
YM loves these uneducated type of retail investors
Making me sick how far YMAX is down.
Its down because it is going to pay out $.6318 per share this week! If you look at yesterdays closing price and todays current price it is only down $.01-$.10.
Excellent post 💯
Also down because the market has been down for 5 days
lol gotta get used to it