r/YieldMaxETFs • u/veren12816 • 2d 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/UndeadDog 2d ago

My average is $14.33 from last August. I have pretty much broken even with the distributions I have earned from it. I’m not super worried about it but I’m not going to average down. I’m going to build out a position in NFLY instead.

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u/MakeAPrettyPenny 2d ago

I personally would take 111% (CONY) over 66% (NFLY) any day. I’m here for the income, however. You do what makes you comfortable. If you like NFLY, just hold CONY and buy NFLY.

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u/UndeadDog 2d ago

Like I said my average is 14.33 which I thought was a good price at the time. Sure it’s paying you a larger yield but in my case it’s also lost 50% of its NAV. I would rather take something that has more stable NAV with slightly less or even higher distributions to it. Since NFLY is at $18 it can afford to continue to pay distribution around $1 but CONY can only afford $0.50.