I'm not meming, can someone push back on this?
I'm about to try it in my Roth.
>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 DIVVIEMAXING is the play for such a person but there are significant problems with yield chasing.
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.
If tax is a concern, you only pay it once a year.
So just pull 5% or so a month after it starts properly paying out.