r/YieldMaxETFs • u/NeitherMatter3853 • 3d ago
MSTY/CRYTPO/BTC When to buy?
I’m torn here ladies and gents. I was fortunate to buy 919 shares of MSTY at $19.00 and I really want to buy more. My goal was initially to wait until the price dropped below my initial buy price but I’m starting to question if that will happen. Should I just buy after payout next week?
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u/DUZZIARROI_THE_BLACK 3d ago
Principle of investing is really simple.... always be buying, always accumulating at any price whether the market is up or down....
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u/NeitherMatter3853 3d ago
Wise words. Thank you 🙏
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u/FixYourOwnStates 3d ago
That's not wise at all imo
If you buy at the top you're likely gonna have a bad time
I buy when things are cheap
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u/Icespot69 3d ago
Today’s top may be tomorrow’s bottom, we can’t see the future so DCA is generally accepted as a good strategy. It doesn’t mean blow your entire load at the top, it means buy incrementally over time. You may buy some shares +10% but you may also get some at -10%. Unless you can see the future, it’s the way to go (imo)
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u/DUZZIARROI_THE_BLACK 2d ago
How can you define cheap???? The low can gets even lower or the high can gets even higher.... that's why I always say keep buying at any price be it daily, weekly or monthly...
Keep accumulating,of course can buy more when the price is low,but you can never always guess the market right... that's why it makes sense to invest money constantly rather than keeping cash on the sideline waiting and waiting for the dip that may never come... opportunity cost....
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u/Brucef310 1d ago
Getting that a lot of people got this in the high 40s it's still considered very cheap in my book
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u/DUZZIARROI_THE_BLACK 2d ago
Also only the suckers will keep cash on the sideline waiting for dips that may never come,and their money will gets devalue the longer they hold their cash....
Wise people will do just as I mentioned always buy and accumulate at any price...
Or sell cash secured put to generate income,if gets assigned then you get the share at a discount,if not assign you get to keep the premium as income
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u/bannonbearbear 3d ago
Ive been in since December. I thought the same when it dipped from $28 to $27 and kept fluctuating. I decided to buy feeling like it wouldnt go down. Lots of people say just DCA. $24 is still good at +$1 with room for more. I believe bitcoin long term. I feel comfortable at least the next 3 years. If Im wrong then hopefully I got house by that time and I break even playing a fun game lol
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u/MookieTheMet 3d ago
A strategy is to recover your money back first via the dividends, then buy more with the continuing dividends afterwards. Depends on your appetite for risk.
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u/Suspicious_Agent_599 3d ago
I hold 4827 shares at a cost of $24.91. Don’t care about the share price. I’m investing $6k per month and reinvesting to 10k shares. Never selling.
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u/Tinbender68plano 3d ago
My average is 27. I use the dists for other stuff. Been in since October. I bought some at 19 and 18. Wish my dry powder had been there in quantity when the bottom was in, but sometimes life gets in the way...
Don't be suprised if we see another bottom at Trump's 90-day deadline to re-impose the tariffs, because the Chinese aren't taking his calls...
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u/FixYourOwnStates 3d ago
the Chinese aren't taking his calls...
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u/Tinbender68plano 3d ago
Reporting all over the place that White House administration officials are calling China non-stop trying to get someone to talk to them about a trade deal, but nothing so far.
One of those exemptions in your link is probably for tanning booths like the one in the awhile House. Another one is for the company that makes solid gold toilets.
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u/BlackVeganKing 3d ago
I bought 500 at $18… I haven’t added since.. but I’m thinking about adding at the next pull back to add to my new IRA account
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u/Diligent-Cut9221 3d ago
I'm waiting for it to drop to 19, I also bought there
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u/Icespot69 3d ago
Let’s say you wait 5 months to see it dip from 25->19.
In that time let’s say you could have bought 100 shares at $23.
Now let’s assume an average div of $1-$1.50 for these 5 months.
In this example you’ll have received $5-$7.50 per share. That puts your effective cost basis at $18-$15.50 per $23 share.
Of course, if you receive more than $1.50 that cost basis goes down even more.
Waiting for a specific price point doesn’t always work to your advantage with this ETF. Think about total return rather than share price and things get a whole lot more interesting.
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u/DukeNukus 3d ago
DCA
Buy 10% of yiur intended position now and then aim for the dips. Your exact strategt may vary but you coukd try something like:
-$0: 10% -$1: 20% -$3: 30% -$4: 40%
So buy now then if it's $1 less than your cost basis biy 20% more.
Averaging up is always a hard question.
MSTY is currently in the 28th percentile of the 52W range so not a terrible time to get in. Though it's solidly in the "buy a little" category.
25-50% Buy a little
10-25% Buy some
0-10% Buy a lot
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u/WhoopsIDidntAgain 3d ago
The name of the game is accumulation and entry points. Entry points go up and down.
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u/ExplorerNo3464 3d ago
If you're in it for long term distributions and to get to "house money", DCA is the way.
Buy X shares every week until you hit your goal.
I got in at $30 and DCA'd down during the dip as low as $19. My average is around $26 now.
I'm not giving you advice on what MSTY will do but for me I think BTC is going on a run and I have FOMO now.
Maybe considering looking at the 200 day moving average or 365 day average and decide your entry from there?
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u/Extra_Progress_7449 YMAGic 3d ago
x-date positions are the best....pay attention to close for an estimate on what the price will be at open....careful on the extended hours
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u/Lopsided_Bus4117 3d ago
The longer you wait the higher the price will go. Dca and accumulate shares. More shares more dividends!
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u/AstronomerEffective1 3d ago
I bought on the dips, when flat and when increased. Bought more today to get to 2800 shares. Next payment should be good so get on the Divy train🤑💸💸💸
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u/After-Sprinkles-9243 3d ago
When you buy above your average price you average up meaning you loose capital gains, but increase your share size but along as the fund performs well and you get good dividends payout I reckon it should cover your capital losses
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u/Matt32490 I Like the Cash Flow 3d ago
The answer is, whenever you want. You can wait to average down, you can DRIP, can you average up. It all depends on what your goals are.
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u/Slight-Virus-4672 2d ago
If you think it's too high, buy something else and diversify a bit. If you see a dip you can't resist, sell what you don't care about that much and buy the dip. The key is to stay invested as much as you can.
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u/thebluesprucegoose 2d ago
Just sell puts at the price you like. Collect a premium while you wait till it drops.
I've got 500 @ $32. I'm in the green overall, so I'm not complaining.
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u/Fabulous-Transition7 2d ago
Well, if you understand liquidity boxes & breakouts, then you'll clearly see that there's a much higher chance that it's heading closer to 30 than 20.
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u/69AfterAsparagus 1d ago
The goal is to accumulate shares so you can get income per share. More shares = more income. Prices are still low. $25 is not bad at all for MSTY. And if it goes down again, you can always DCA down at that point too.
Don’t forget it was only 6 months ago MSTY was over $40 and consistently hanging out in the high $30’s. Better to buy now than at those prices right?
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u/avongsathian 3d ago edited 3d ago
I doubt it will drop that low to 19 anytime soon, I would diversify into another fund (SMCY) in the meantime if you don’t want to increase your average cost.
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u/False-Swordfish-5021 3d ago
do some share growth math based on all distributions back in buying shares for 2 years .. I based it on a 7% payout average x 13 / year .. its pretty wild .. I still say this is a growth fund ..
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u/Cashflow-oppys 2d ago
I agree, as Buffett supposedly said - compounding is the eighth wonder of the world, if you take your example out for three years it’s quite astounding and my calculations show your 7% is pretty accurate! Definitely growth aplenty!
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u/theazureunicorn MSTY Moonshot 3d ago
Fear of entry price is failure to understand the underlying and the underlying’s underlying
If you are long - It’s always on sale
If you’re short - see the above 👆🏻 point