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what do you do with the dividends?

>>60752336
OP gives it to OF whores.
Autistic incels make lots of money but can't get laid so they give it to OF whores.
Its the only explanation how these OF whores get so much money.

>>60752336
DRIP into more shares. I'll set up a dividend loop once I reach my shares target.

BITO won't outperform BTC. I buy it because I already have a decent BTC bag but want passive income without selling anything.

It is like a grape that gets squeezed every month. The value of BITO/BTC typically diminishes with each distribution, so in BTC terms, you are losing ground, even if you DRIP. It's not a free lunch, it just automates profit raking. Plus the taxes/drag roll/1% exp. are a factor to weigh. You can offset this by selling calls, especially at the end of the month. The options market routinely misprices the next dividend. So if you know how to estimate the next distribution, you can assess the option premiums and make informed bets.

Last month I sold a bunch of $22 AUG 1 Calls for $1.75, for example.

>>60752478
OF should be illegal and women should not have bank accounts.

>>60752566
What if we have a 70% bear market

>>60752598
Counting on it. BITO would shit the bed with the market. The dividends would dry up. And I would buy the dip.

>>60752322 (OP)
yeah, every single ETF I have has been going up. Even stupid shit like cannabis.

>>60752631
True. Everyone paying attention should make it in 9 years, regardless of where they are starting from today.

Anyone with 1-2M right now will make it next year if they are ready to get off the carousel.

Something is lost when you give up a high risk profile. I did it for a couple years and I was comfy but felt like I lost my spark. I can't articulate it. Risk-taking and vitality are mutually inclusive in my experience.

I can't math, how much do you have invested to pump out 7.4k a month?

>>60752566
Its called a dividend ladder not a loop

>>60752322 (OP)
why do you get two separate payments chad?

>>60754702
nvm just realized two different accounts. im jelly. bito is awesome. cony fucking shit the bed hard. and nothing else even comes close to bito's divs

>>60752322 (OP)
Dividends from buttcorn? Wtf is this shit?

>>60754632
It paid $1.20 per share this month. So around 6200 shares between the accounts. Worth around 130k based on closing price.