1Mon·

Yield Max ETFs (especially MSTY)

Hello everyone,

Is anyone from the community already riding this horse and can say something about it? A W-8BEN form will then probably be necessary. What risks are there apart from the vola, which is intentional?

A fund volume of over 2 billion...

Thank you and have a nice Sunday!

15 Comments

Alexander_Bitcoin@Alexander_Bitcoin

1Mon

Where can you buy this in Germany?

•

MrMo@MrMo

1Mon

As far as I know only via special brokers, e.g. tastytrade

••

Oleg@ScorpionfromBW

1Mon

@Alexander_Bitcoin not at all in Germany, via IB or Swissquote it is possible

•

Theresa R.@Thresita

1Mon

@Alexander_Bitcoin or via Freedom24, but the broker is not based in Germany.

••

Alex@sww

3Wk

@Alexander_Bitcoin via options *but keep in mind its will be 100pcs in 1buy

••

Tayfun@Tayfun34

3Wk

@Alexander_Bitcoin i bought it via alpaca market at freedom24 you have to be a professional investor

••

dividenden_pilot@dividenden_pilot

1Mon

I bought it through Freedom24

•

Christian@CW0635256

YieldMax's homepage is reflecting new ETFs for European markets as of today. https://www.yieldmaxetfs.com/europe/

To answer the question, started the MSTY position in Jan (Dividend 15$), Feb (Div 35$), Mar (Div 37$). The overall position is down -17%.

I've created 11 YieldMax ETFs positions since Jan. Granted only 3 months of personal data and the markets have been very bloody for obvious reasons. My goal is to increase positions with $100-200 weekly investments, DRIP enabled & holding these positions until 2030. I have about 4,500-5000$ invested across the 11 as of today. Overall, I'm down 30% but I really only see this due to the US Market conditions. Jan - 24$, Feb - 202$, Mar - 203$. For March, funds have been low so I was only able to add about 500$ to the account. Even in the bad market conditions, I was able to hit my dividend goal. By the end of the year, I hope to reach my next goal of 1000$ in Monthly Dividends.

I've been satisfied with the YieldMax gang. Dividends are on time and the weekly newsletter is prompt. If you do invest in these funds, stay on top of the weekly newsletters. The only negatives I can find is that if the price drops too low, YieldMax will issue a Reverse Split. I haven't experienced this, I believe it was TSLY (TSLA's ETF) in the past. The YouTuber speaking on the topic did say that YieldMax communicated months in advanced to give investors the opportunity to make a decision.

I think it's best for Aggressive investors that can sustain through volatility.

Once US Markets get back on track, I'm confident these ETFs will benefit me in the long run. Always, DND.

•

Leopold T.@Tuffbet

1Mon

Not authorized in Germany

••

MrMo@MrMo

1Mon

There are some on Reddit who have this in their custody account, then just via brokers abroad, hence W-8BEN etc., or is this generally not allowed?

••

Leopold T.@Tuffbet

1Mon

@MrMo I would check beforehand whether this is permitted. Are they German who have them in their depot? I know that ib, for example, does not allow this for Germans

••

MrMo@MrMo

1Mon

@Tuffbet As far as I understand it, you have more work with the tax, as nothing is paid automatically and you have to take care of the DBA with the form yourself. But otherwise it's comparable to some CEFs, for example, which can only be bought via other trading platforms here.

••

Oleg@ScorpionfromBW

1Mon

@Tuffbet It is of course permitted to buy and own USITS. But not tradable in the EU, as this USITS information is not provided by the US issuers.

And you have to take care of the tax yourself

•

Luís N.@LuisNeves

1Mon

I was trading this one on Birdwingo but it will close doors..

••

Tayfun@Tayfun34

3Wk

Alpaca Markets you can buy it

••