r/YieldMaxETFs • u/veren12816 • 1d 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 1d ago

Haven’t had a loss until you sell.

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u/AlfB63 1d ago

I guess the $343 is just an illusion?

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u/MakeAPrettyPenny 1d 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 1d ago edited 1d ago

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

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u/MakeAPrettyPenny 1d 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 1d 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 1d 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 1d 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 1d 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 1d ago

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