Jul. 9 at 2:37 PM
$CONY $MSTY $NVDY $LFGY I initiated these 4 YM funds at the beginning of the year... then had the downturn. Ugh. But, I'm currently up >15% ytd compared to the S&P which is >6.5% ytd, collecting average >
$12K (4.8%), monthly. These numbers ($ and %) and the distributions will increase as the S&P melts up, retail jumps back in the pool, and the underlying IV increases.
Don't listen to the FUD and don't panic. Ignore the screams about NAV erosion, ponzi schemes, managers are crooks, blah. Do you think these trolls care about you or your money, or is it they're getting paid to negatively post so the big boys can enter at a lower price? Check out the ownership... mostly banks and funds. If YM is so terrible, why are the big boys playing?
Will this last forever? Probably not. Just pay attention to what's happening at the macro level, keep an eye on your funds, DRIP, rebalance as you see fit, and just make more - money. In a year, you'll have collected >100%. Easy. GLTA