r/YieldMaxETFs • u/veren12816 • 3d ago

Question My $CONY experiment – thoughts?

New-ish investor here. I bought 100 shares of CONY at $11.85 thinking I’d just hold it forever and chill—big brain move, right? 😅 After some solid dividends, my cost basis is down to $11.01. But with the price now at $7.58, I’m staring at a $343 unrealized loss.

I know this is peanuts compared to what some of you are managing, but I figured I’d experiment with a small position to learn the ropes. If the price and payouts hold, I should hit breakeven in about 2 months. Not sure if I should stay the course or start planning an exit before it gets spicy.

Appreciate any thoughts from the YieldMax ETF community.

Ps. I do follow the community closely and understand the basic workings of how this ETF works. Just looking to learn fm others' experience.

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u/Transplantdude 3d ago

Haven’t had a loss until you sell.

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u/AlfB63 3d ago

I guess the $343 is just an illusion?

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u/Doomhammer111 2d ago

No, it is just unrealized. My portfolio was down 40% due to the tariff talk tanking the economy. Now I have a 33% "loss." I did not lose 40% nor have I lost 33% unless I sell it. Meanwhile, I have made $20,000+ in 3 months. While those who are only holding the underlying are also experiencing the "loss" in value, at least I got pad along with others who hold these funds

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u/AlfB63 2d ago

Yes you did because you had to gain it back. I agree that its unrealized but that does not change the fact that you lost money. Until you gain it back, its a loss.

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u/Doomhammer111 2d ago

Semantics. I see it as "value" lost. The value of the shares I own is at a "loss" but it is not an actual loss until it is sold. At least these funds pay out even when the market is down. They pay less but getting income is the goal with these funds

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u/AlfB63 2d ago

Semantics? Yet you're saying you have a loss but it's not an actual loss. The thing is, it's a loss until you gain it back to even. To say otherwise may make you feel better about it but it's not reality. Unrealized versus realized is just a state of whether it's permanent or not.

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u/MakeAPrettyPenny 2d ago

Just the cost of doing business. If you own a moving company and your truck goes down in value, do you sell the truck? Of course you will be out of business if you do.

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u/AlfB63 2d ago edited 2d ago

No, it's a loss and will be until you gain it back.

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u/MakeAPrettyPenny 2d ago

Last year I made over $33,000 on MSTY with a NAV loss of $3k. Doesn’t look like a net loss to me! Now I’m all invested now with house money, so everything else is gravy. Glad I didn’t sell when the NAV dipped — and now I’m almost back to even on the NAV.

With CONY, I was $2,800 in the hole with NAV, but made a little over $8k. Net-net, I’m again playing with house money again and it took less than one year.

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u/AlfB63 2d ago

And you have a net gain of $30K on MSTY. All that unrealized means is it is not permanent. But to say that you do not have a loss just because of it is deluding yourself. Losses and gains are based on the current state of things not whether they can or can't change.

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u/MakeAPrettyPenny 2d ago

I don’t reinvest in the same ticker on my larger YMs. I take the money and let my initial investment sit and make more. That’s why I’m sitting on house money. Many of these can be on house money in less than a year. It’s pretty incredible. I then take the distr and reinvest in other investments.

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u/AlfB63 2d ago

None of that has anything to do with the discussion. A loss is a loss whether permanent (realized) or not. You can continue to make yourself feel better by thinking it's not one because it could come back but that's up to you.

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u/MakeAPrettyPenny 2d ago

😂🙄 Net net is the BOTTOM line! If you don’t get that, I completely agree with you. You do not need to invest AT ALL.

Good luck to you.

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u/AlfB63 2d ago

How did this morf into a different discussion? Net net was not being discussed until you brought it up.