I actually very highly recommend not buying yieldmax right now, they are untested in a down environment but the inverse ones might do well -
DIPS (inverse NVDA)
FIAT (inverse COIN)
WNTR (inverse MSTR)
I pulled in about 30k worth of NVDY distributions and along with some capital gains because they weren’t taxed as ROC the distributions got taxed and I owe 5k in back taxes and my initial capital has been eroded significantly and I have been margin called twice. Granted I am holding shares bought last summer but the highest it recovered was to around 25 in December. Now it might be a good time to buy with NVDA below 100 but they are holding a large position in their synthetics at 115 and 130 strikes so the next distribution will probably suck Ass. Proceed with caution on these anon. The good news is the recent distributions (past 4 or so) were almost all taxed as 100% ROC so you don’t pay taxes on that. If you are re investing, don’t DRIP, buy post divvy and on red days to get a better cost basis. Also under no circumstances do not use margin when buying these funds. I envy your cost basis but I wouldn’t be surprised if more of these funds end up doing a reverse split if the market stays in a downtrend