Thread 60780225

>there are people that work mcwagie and gamble it all away on shitcoins
>when 15k in high yield funds nets you the same take home wage, probably more
Grim

Seriously, can you explain to me why you wagecuc- I mean work- 40 hours a week again?
30k will pay out almost 40k in dividends. Thats more than a sizable portion of what this board makes

>>60782075
>$30k invested pays $40k/y in dividends

Stop lying nigga

>>60780225 (OP)
>>60782075
Enjoy your NAV decay.

>>60782099
I'm hedged against it, trivial to do.
Mitigating NAV decay is a priority when investing in shit like this.
Thing is though, this specific fund has held steady for months despite paying out WEEKLY.
Short term I think its an amazing investment.

>>60782087
Not only does it pay out 40k, it pays weekly too not monthly.
You get up and to go work every day like a good little goiym while there's people straight up getting free money

there's no such thing as free money

I'm with you brother, just need another 6,000 shares of ULTY

>>60780225 (OP)
OP, I'm an idiot, can you explain how this works? You just invest in ULTY and get income from dividends? Do you use Fidelity or another broker? How does it equal a McWagie job?

>>60782179
>Thing is though, this specific fund has held steady for months despite paying out WEEKLY.

this is holding steady for you? How do you hedge against NAV decay?

>>60780225 (OP)

I keep hearing about this. Can you please explain the basics of what this is doing and what NAV decay is? Is this like yield farming a shit coin but for the stock market? So yes is paying out a lot but the price is rapidly going to zero?

>>60782747
>what NAV decay is?
underlying value of the stock taking a dump constantly
>Is this like yield farming a shit coin but for the stock market?
yep
>is paying out a lot but the price is rapidly going to zero?
yep that's nav decay, also you have to pay taxes on the dividend payouts

>>60782747
>Is this like yield farming a shit coin but for the stock market
Kek that's actually a very apt analogy

I keep seeing you fags shill this but this feels too good to be true

>>60782182
Nigger it pays 85%, and with nav decay it adds up to 15%. You have to drip to stay in the green

>>60782698
Those were two different ULTY’s. The one since inception and the one now have different prospectuses.
If someone bought after the change to prospectus, the fund pays for itself in roughly 1.5 years.

>>60780225 (OP)
so what's the catch? is it completely safe, like do i just invest and get free money forever?

>>60782930
You have to drip your earnings into more shares and once you do it cannibalizes itself

>>60782906
Kek, just like scam shitcoins, they rugged the old one and relaunched to fix the chart so they could keep scamming. If you buy this extremely obvious Ponzi you deserve to lose all your money

>>60782698
What part of months do you not understand you trog

>>60782999
Who's forcing you to drip?