Assume a NEET has 20k and wants to grow it as fast as possible, but will rope if there is a significant loss.
I think I figured out how to combat the NAV erosion problems of yieldmax
Cycling divvies from SPYI + QQQI -> ULTY -> MSTY -> ULTY -> MSTY -> SPYI + QQQI
Then periodically stopping the loop to put all the profits into schd, schg, VOO etc. A stock with either dividend growth or share price growth.
The NEET won't need to worry about tax and the overall portfolio will grow despite the NAV erosion.
I feel like you can snowball 20k into 100k pretty quick and relatively risk controlled in 2-5 years.

>dividends
lol what a retard

>>60738207 (OP)
Most NEETs could save 100k in two years if they applied themselves.

Not working, going to school, or training to improve your skill set has always struck me as a weird flex. Couldn't be me,

>>60738228
The whole point is to not work, which will allow you to live life to the fullest

>>60738237
He's really cute

>MUH high yield
>broo trust me they changed management no we getting richh

>>60738386
Yup thats plebbit baggie cope dumping in money without a strategy.
Switching from just CCs has objectively slowed down NAV decay to where this isn't a complete scam, and we're buying in after that.
>>60738363
Yup

>>60738237
lol those size 13 feet

>>60738207 (OP)
How many cans do I need to do something like this?

>>60738386
lmfao

>>60738495
>>60738237
>>60738207 (OP)
>tfw no Disney-adult short haircut brunette cock sleeve

>>60738207 (OP)
> words ignored
wood the picrel though

>>60738363
those broad shoulders are an easy tell

ULTY and MSTY are the main engine of the cycle and main revenue generators.
The problem is NAV erosion and they need to be fed. So you feed them with funds that don't lose NAV anywhere near as fast but still pay monthly with a good yield. My main picks are a 50-50 between spyi and qqqi.
ULTY pays weekly, MSTY pays monthly.
Thats why you funnel into ULTY first. Buy MSTY after the distribution on the first month of the cycle, it won't matter too much after.
Feed it back into ULTY.
You let that core loop run for a while, maybe 6 months or so. At this point you should have most if not all of your 20k back. So its all house money now.
To combat NAV erosion take the payout of an entire month from all your divvies and put them into growth. You can even just buy btc. Do that every 3rd or 4th month.
If taxes are a problem just keep 20% on the side. I think its mainly MSTY that you would be paying a full tax on.
Its honestly foolproof and is much less risky than trying to grow 20k to 100k through yoloing options or shitcoins.

>>60738207 (OP)
>>60740166
>/biz/ finally figuring out you can quit your job forever now with a small amount of money

kind of surprised, and proud

>>60740214
You have to have a specific strategy to keep it going.
ULTY will die at the rate they're going imo

ah yes a strategy soo retarded it might work with a 0.01% chance. Might as well put it all on red friendo or buy the newest shit coin.

>>60740259
Why is it retarded?

>>60740284
you are risking principle for dividends which is a small percent of principle. All it takes is one price fluctation when you are exiting to fuck your shit up. Plus you are implying you will perfectly exit multiple trades to cycle it through. you are better off gambling or if you want to invest, stick it in VOO and forget about it.

>>60738207 (OP)
Picrel was honestly my favorite disney resort
>>60738237
Yes. The tragic irony is NEETs get good at living on less, but accustomed to not putting effort into things while workerbees get accustomed to lifestyle creep and feel like they need to work more and more forever.

>>60738207 (OP)
the only way to solve the neet problem is to crash btc to zero

I got out of the high flying covered call funds like msty because I am getting bad vibes from the shoeshine boys saying they’re going to retire with them. Sure, the strategy right now doesn’t look fraudulent and like a great play, but I am getting very sus.

>>60740303
Woah hold up.
>perfectly exit
Literally all you're doing is buying and holding and using the divvies to buy more until you have a good money producing engine.
Other than setting it up you can just automate this, no perfection needed.
Buying VOO will be done to protect principal, but VOO alone does not produce income and will not let you neet off of it.

>>60740330
Its a legitimate strategy if you want big return but are too dumb/busy/un-jewish to gamble on options.
The risk comes from NAV erosion which is what the cycle addresses.

>>60740303
>VOO
A Vanguard cultist on my /biz/? I thought this board was better than that.

>>60740442
fidelity customer service is cancer, and their website and tools are from the 80s.

>>60740442
Buy btc instead. Doesnt matter

My portfolio is $730k. I want to quit my job so bad, but I promised I wouldn't until I hit seven figures.

>>60738207 (OP)
take your meager 20k that is worthless and buy american eagle calls expiring this week there i made you 100k

why do you faggots have to dig up these troons and post them here. I'm going to end up accidentally gooning to one and will need to kms

That's a man

>>60738207 (OP)
You fags will do anything but get a job. $100k is nothing.

>>60740251
>ULTY will die at the rate they're going imo
disagree, but it fits well at about 10% into a high yield high growth port with margin

>>60738237
what's his name ?

exp date and strike price?

>>60740310
>The tragic irony is NEETs get good at living on less, but accustomed to not putting effort into things
This is part of the reason why NEETs tend to become financially successful if they ever break out of NEETdom, since they have nothing to spend their money on (NEETs live off pirated media and cheap food, both of which doesn't cost much).

>>60740166
So 10k in QQQI and 10k in SPYI, and then buy ULTY and MSTY with those dividends?

>>60738207 (OP)
I inherited 120k from my grandparents. Most of it is in a pre-tax IRA with Schwab. How do I turn it into NEET money /biz/?

>>60740822
You keep the account and continue to contribute to it instead of wasting it all like a retarded boomer nigger

>>60740859
You can't contribute to an inherited IRA. Maybe you can roll it over thought?

>>60740822
Like safe NEET money? I guess you would take your distributions and throw the money into a taxable account with tickers SPYI or QQQI. 120,000 would net you around $1000 per month in dividends relatively safely. You can juice it up more with your own contributions if you're working at all.
If you need bigger returns than that, you won't find it without a lot more risk. You'd be looking at Yieldmax funds and similar like this thread talks about.

I RAN THE NUMBERS
MY DIVVIE LOOP ENDS UP WITH A 40-50K PORTFOLIO FROM AN INITIAL 10K AFTER 3 YEARS
TYPING IT UP NOW
MATCH THAT WITH LE SPY AND HOLD FAGGOTS

Here is the play.
I call it divvielooping
The jews never expected this.
INITIAL:
5k ULTY
10K QQQI and SPYI each
1k MSTY
--
ULTY LOOP
60% dripped
40% looped back into QQQI SPYI and JEPI
--
MSTY LOOP
20% dripped
40% ULTY
40% SPYI QQQI AND JEPI
---
SPYI QQQI AND JEPI LOOP
30% back in
10% SCHD
40% MSTY
10% BTC
10% VOO
NAV??? MAINTAINED
DIVVIES??? MAXED
NEET?? COMFY
THANK YOU FOR YOUR ATTENTION TO THIS BUSSY

>>60740938
Fool.
You cant just put money in and expect to neet off of it. You think the jews will let wagie off the hook that easily?
You have to loop it

>>60738237
Are we really going to pretend that any NEETs you've ever known are "living life to the fullest"? Grow the fuck up.
Any NEET I've ever seen is an unwashed loser, they're not this self improvement machine you guys always make up. They're all fat weebs with excuses for why they can't get hired.

>>60741704
You totally can just put money in and neet off of it. Provided the market is in your favor. Covered call funds are an easy way to do that but they often have NAV erosion problems so you gotta reinvest a bit back to keep up. Growth stocks are great but require selling shares. Retired people do it all the time. They get a little boost from the social security ponzi too but the principle is the same. Anyone with enough starting capital can be a neet if they want.
I can tell you from experience though...it mentally takes its toll on you. I've been a successful self-supporting neet for 3 years now. It drives you mental if you can't handle it.

Roast me
I don't like div because I have to pay tax and don't want to deal with the bureaucracy

>>60741880
doing more long term ... iShares IT ETF looks interesting as well

>>60741880
what do you expect to do with this?
(((retire))) after 80 years in a broken world and used up body?
Start divvylooping.

>>60741895
hopefully just make some money ... tax free after 20 years lmao, way too long but yeah

i believe in nuclear, GLP1 agonists and AI tech, if this does 100x in 20 years I'll be happy

>>60741914
not to be an asshole but all those things have already peaked minus maybe AI and theres not much more to go before it gets a huge correction.
just start a divvyloop. even a few shares of MSTY will get it going. once you see the potential youll feed it properly im sure.

>>60738386
I don't understand the hype with high yields if they're going to decay like a motherfucker. 1 year? eroded like 70%? jesus fucking christ. just wheel strat

>>60742082
nuclear will peek maybe in 5 years, AI needs nuclear reactors to work properly, no other way

>>60742084
>high yields if they're going to decay like a motherfucker
its a trade off.
you can hedge this
hence divvylooping.

>>60742095
>ai
>work properly

>>60741608
replace SCHD/VOO with QDVO and you're solid (higher total returns anyway), also consider bitcoin CC funds like BITO/YBTC

>>60738207 (OP)
Should've bought Bitcoin.

>>60740938
Interesting. How do those dividend funds conpare to something like SGOV? That one has some kind of tax advantages right?

>>60742868
>QDVO
You don't understand what I'm doing here.
Also that shit is garbage, mogged by qqqi

>>60741608
I do hope this works out well for you. I’ve been doing something similar. I started out with three divy stocks with a high yield. When the pay out hit a certain point I started buying three medium yield stocks. When that payout reached a certain point I started buying three low yield stocks. Eventually I will sell off the high yield and buy more medium and low yield stocks.

>>60743735

>>60738237
Why does it have no tits here... is it really a man?

>>60738207 (OP)
Where do you guys trade? Europoors? Interactive brokers?

>>60740782
Isabella Longuinho

>>60738602
mmm
imagine how smelly they are haha
imagine them in your mouth after a long day hahaha

>>60738207 (OP)
anyone have the long post about how Bitcoin helps the superorganism like the printing press etc.?

>>60743025
I am buying bitcoin idiot
Read the loop

>>60743804
Thank you fren, always nice to meet a fellow divvymaxer
You seem to have it going the wrong way around though.
You need to move from high frequency to high monthly yield to 9+% monthly with relatively stable NAV to NAV preserving stocks/assets.
If you don't sequence it like that the jews will steal your money over time despite the dividend income looking good.

>>60743984
>it
Her*
When you look that good you get to choose your gender and I say this unironically.

>>60744034
Someone needs to dump that OF already.
I'm too much of a kike to pay for porn but god damn I'm dying to see that perfect anus.

>>60745239
> jews will steal your money over time
Thanx for the tip but could you explain this a bit more? I currently am a neet. I left the workforce years ago when my investment income covered all my expenses. Since I have no earned income I am at the lowest rung on the tax scale which is zero.

>>60746291
NAV erosion

I am 40k into ULTY. No I wont stop. No I wont listen. No I dont care. Yes I bought the YieldMax hat.