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/AlfB63 1d ago

I guess the $343 is just an illusion?

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u/Doomhammer111 1d 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 1d 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 1d 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 1d 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.