Today I weeded out some underperforming high-yield ETFs and BDCs and reallocated those funds to better ones. Sold: $NFLY, YieldMax NFLX Option Income Strategy ETF, my total return ~ -7% $MSTY, YieldMax MSTR Option Income Strategy ETF, my total return ~ -41% $ULTY, YieldMax Ultra Option Income Strategy ETF, my total return ~ -28% Will […]
Tag: MSTY
Should I Use Margin to Buy $MSTY?
I asked Grok, “If I use margin in my brokerage account to buy $MSTY, will I earn enough in distributions to pay the margin interest?” Short Answer At a 12.575% margin interest rate (my rate at Fidelity), MSTY’s distributions ($7,727.20 annually for a $10,000 investment) comfortably cover the $628.75 interest cost, leaving a net income […]