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Trading Car Mechanic
Trading Car Mechanic
Trading Car Mechanic
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Car mechanic and car show lover turned amateur investor talks about controversial high yielding dividend stocks. See tips for using the E-trade platform. Enjoy an entertaining look at the mistakes a new investor can make when they first start trading stocks. Behold the amazing portfolio assembled by a retired investor looking to maximize monthly dividends.
Automotive AC Compressor Failure
8:33
3 месяца назад
Orange 1970 Pontiac GTO Judge 455 HO
6:42
3 месяца назад
Camaro SS and Stingray at the Car Show
11:49
3 месяца назад
Car Show Classic Dodge and Plymouth Cars
5:30
3 месяца назад
Fords and Buick at the Car Show
8:14
4 месяца назад
Cool Chevy Coupes at the Car Show
6:41
4 месяца назад
Welcome to the Trading Car Mechanic Channel
2:23
4 месяца назад
Last ULTY Holdings Watch List Video
7:04
4 месяца назад
Saturday Car Show Favorites
11:42
4 месяца назад
Florida Car Show Pictures and Commentary
8:09
4 месяца назад
APLY the ETF that Tracks Apple Stock
9:05
4 месяца назад
ULTY Holdings Update
6:09
4 месяца назад
My Biggest Stock Market Mistake to Date
9:11
4 месяца назад
ULTY Stock Big Pull Back
5:47
4 месяца назад
ULTY Stock Price is Going Down
7:11
4 месяца назад
My Stock Portfolio Strategy
7:58
4 месяца назад
Stock Market Tools on Etrade
10:28
4 месяца назад
Yieldmax ETF Distribution Rates for March
5:43
5 месяцев назад
Ticker ULTY Strategy Update
5:22
5 месяцев назад
Customer Service Call to Etrade
9:08
5 месяцев назад
ULTY New Yieldmax Fund Launch Day
8:07
5 месяцев назад
My Highest Yielding Stock is CONY
12:02
5 месяцев назад
Time to Sell My OARK Stock
6:58
5 месяцев назад
Stress Testing my Portfolio
6:36
5 месяцев назад
This Stock is Fired
8:54
5 месяцев назад
The Stock Market Surprised Me
8:19
5 месяцев назад
The Stock Market Goes Down
2:02
5 месяцев назад
Why I picked E-trade
8:55
5 месяцев назад
Channel Changes
2:00
5 месяцев назад
Комментарии
@badass1g
@badass1g 16 дней назад
So the office tube is the only “filter” for ac systems but if they only have an expansion valve with no orfice tube, what is it that acts as the filter? I have a 2008 Durango with rear ac. I’ve blown 3 compressors in a row, with them only working while idling, then after a test drive it blows the compressor. What can I do to fix this thing 💔 I feel there is metal flakes inside the whole system. I only replaced the compressor each time and it always blew cold until I took it for a drive then it was toast. The compressor got so hot it melted the insulation around the power cable. HELPPP
@TradingCarMechanic
@TradingCarMechanic 15 дней назад
I'm on vacation this week so I must be brief.. Flushing the system is the most important operation after compressor failure. They make flushing kits but the best ones use shop compressed air. They also make aftermarket inline filters that you can install to protect the new compressor. Also be aware that aftermarket rebuilt compressors are notoriously unreliable. Good Luck!
@badass1g
@badass1g 14 дней назад
Thank you for the info! :)
@johnhenderson7081
@johnhenderson7081 29 дней назад
I used Etrade many years ago when just starting out and they were really good. Then when COVID hit and Morgan Stanley bought them, things started to change to the bad for me anyway. My main investment brokerage is Fidelity and have been figuring out what the best brokerage for me with a good trading platform. I have tested and used lot of these new brokerages like Webull, SOFI, MooMoo, Robinhood and etc. So this week, I decided to go back with Etrade and feel more comfortable with them because of the many years they have been around and good ratings. I know there is no perfect brokerage, but having Fidelity and Etrade, feel like I can sleep at night. I am also retired and maybe the older I get, like having the brokerages that have been around for a while. Thanks for this video!
@TradingCarMechanic
@TradingCarMechanic 28 дней назад
Thank you for taking the time to comment. Since this video, I have had both good and not so good interactions with Etrade. With that said, I also feel I can sleep at night investing with the platform. MooMoo concerns me the most on the list you provided. What if China decides to freeze the assets some day in companies it controls? I might give Fidelity a try in the Future. I hear good things..
@PainterGarrisonsMethodist
@PainterGarrisonsMethodist 28 дней назад
Schwab is good also. They have the Think or Swim desktop and ebook platforms. Going to give E*Trade another try, if it does not work out, will go with my Schwab account for trading on Think or Swim
@johnhenderson7081
@johnhenderson7081 28 дней назад
@@TradingCarMechanic Not having good things happening with Etrade myself now after opening a brokerage and ROTH. There was a mistake made on the amount of years I put on each application. Now both accounts are restricted until they resolve the problem which is 7-10 business days. Will not be able to touch my money until then. I can see me leaving them and moving my funds back to Fidelity. Never have had problems with Fidelity. Just wanted to let you know where I am now. LOLLLL
@TradingCarMechanic
@TradingCarMechanic 24 дня назад
OMG sorry to hear about your troubles. Frustrating to have your money locked up like that..
@PainterGarrisonsMethodist
@PainterGarrisonsMethodist 24 дня назад
@@TradingCarMechanicAll unlocked now and moved my funds back to Fidelity. I may keep Webull for the charting like some do. They have a great Cash Management account in my opinion. I suggest to check them out.
@AF1MIDS
@AF1MIDS Месяц назад
Sir im struggling to comprehend and understand how to use a manual digital multimeter, can you help me comprehend and understand how to use it sir, please?
@peterrocco2024
@peterrocco2024 2 месяца назад
Im going to add a few things, 1- do not use a test light with a LED bulb, it will not draw enough amps to verify a good ground. The best way is to have a headlight or i use a plow back light. If it will light a big non LED bulb you know it will most likely be able to handle the amp load for what the ground is for. 2- a fully charged battery is 12.6 volts even after sitting. Each cell is 2.1 volts x 6 = 12.6
@DannyDrives
@DannyDrives 2 месяца назад
good turn out
@DannyDrives
@DannyDrives 2 месяца назад
I love a vette
@TradingCarMechanic
@TradingCarMechanic 2 месяца назад
Not my favorite year, but I wouldn't kick it out of my garage..
@DannyDrives
@DannyDrives 2 месяца назад
love the color
@DannyDrives
@DannyDrives 2 месяца назад
great info!
@TradingCarMechanic
@TradingCarMechanic 2 месяца назад
Glad you think so!
@DannyDrives
@DannyDrives 2 месяца назад
great content!
@fbd5413
@fbd5413 2 месяца назад
I'm drooling over that gorgeous Mach 1 ❤
@user-tt6yg8ev9l
@user-tt6yg8ev9l 3 месяца назад
Useless display
@RATCHETMAN1001
@RATCHETMAN1001 3 месяца назад
next time try to find an updated version of condensers and evaporators. they are not like that old school depiction your showing. then people will understand when compressor fails you cant flush the new condensers they have become filters they clog from the debris, tiny flow paths and they do not flow like that old stuff your showing. i no you are just showing basics but try to expand on it. would be a lot more beneficial for people to learn
@TradingCarMechanic
@TradingCarMechanic 3 месяца назад
Thanks for watching and taking the time to comment. When you post videos here you have to be careful on what images you show. I posted pictures that I had permission to use. With that said, I hurried the video to keep it in the recommended time frame. I missed saying a bunch of stuff. The one I meant to include was about the oily film in the system that grabs tiny metal chips making them difficult to flush. Hope my next video will be better.
@AT-wl9yq
@AT-wl9yq 3 месяца назад
You're leaving out some relevant possibilities in addition to what was covered in the video. To start with, the first thing you need to check is the mechanical operation of all the actuators. For example, the blend door may not be working correctly. That can easily be the issue. Or, the evap core may be freezing. That will also cause an intermittent problem. Most modern vehicles have hvac systems that are computer controlled, and connected to one of the cans. The problem may not even be with the AC system. Under certain conditions, the pcm may turn the ac compressor off, like if the engine is overheating, or the pcm thinks its overheating. Any system that has an hvac module will have dtc's and parameter identifiers for all the controls in the system. You need to look at those, as well. Its also very common to have a software issue. A reprogram or a module update may need to be done. There's other things, as well, but these are the most common problems.
@TradingCarMechanic
@TradingCarMechanic 3 месяца назад
Thank you for your comment. Unfortunately, people don't have the time these days to watch long videos. Therefore, I try to keep them in the 8 minute range. At that length, I am unable to cover things in great detail. That's why the title of the video was Automotive AC Compressor Failure. It was meant to focus on that component. However, you're 100% right in your comment. In fact on my neighbors car they replaced the compressor when the actual problem was the blend door motor. The nylon gears inside the motor had missing teeth. My neighbor is still fighting with the dealership for compensation.
@RelativeEarth
@RelativeEarth 3 месяца назад
Great explanation of ac operation.
@DannyDrives
@DannyDrives 3 месяца назад
just coming through to support a fellow finance minded car enthusiast
@tracycolorado
@tracycolorado 3 месяца назад
soo beautiful . thank you
@fbd5413
@fbd5413 3 месяца назад
What a beauty!
@DerivCapital
@DerivCapital 3 месяца назад
My Rant.... think we backed the WRONG HORSE !!! NOW know....what I didnt before ...after owning over 20,000 SHARES of this Yield Max CRAP!!!!......the Nav will always get destroyed! even in a up market but when the market is DOWN....OMG!!!.... I have collected over $30,000/mo in dividends ...down over $50,000!!! now you say well next month you will get another $30k right lol!!!! smfh.....wow look at the price action of all these yieldmax funds they dont recover the only ones that did was Nvdy n diso and jpmo ..well NOT ANY MORE!!!! MSTY paid over $4.00 a share WOW....yet it STILL hasnt recovered not even 50% of it value the since the day the etf dropped $4 bucks to pay the dividend in fact msty has been cut in half!!! so go ahead and dollar cost your way to oblivion in these Defiance and Yieldmax funds ...just dont say Nobody told you an alternative plan .....so I have moved EVERYTHING over to KURV and NEOS (Neos & Kurv).. RESPECT your NAV and know how to NOT cause nav erosion will they go down when the market goes down yes but when you get your dividend with Kurv and Neos it only takes days!!!! maybe 1 day or upto 5days to RECOVER!!!! as long as the market is not tanking ...but YIELDMAX etfs crash after your dividend payout no matter if the market is up or flat and it never recovers !!!! so in a down market yr YieldMax funds are COOKED!!!! during a dividend pay out. YMAX and YMAG is CRAP!!! also I had 10,000/shares in Ymax got the $8,800 div ...im DOWN !$13,000!!!! its like the slot machine that wins on every spin $2.00 the only problem is every spin cost $3.00!!!! ymax/mag is not a safe space! your acct is going to DIE!!! with ulty cony n msty in it! Neos trades for Kurv ...just like Zega trades for Yieldmax and Defiance Funds which are also crap!!! GO NEOS. (QQQI & SPYI) GO KURV ( NFLP GOOP AMZP MSFY) You dont have to believe me.. .....Ex-div coming up NEXT WEEK!!! for Kurv and Neos.....just watch the drop and recovery! I will put my Kurv and Neos Portfolio "TOTAL RETURN" up against ANYONE YieldMax and or Defiance fund or roundhill
@TradingCarMechanic
@TradingCarMechanic 3 месяца назад
Thank you for the comment. I certainly am not going to stick up for Yieldmax. My Etrade is a hobby account for me and I guess I just needed to see for my self how they worked. And yes it's not good. I have been re allocating to strengthen My JEPQ, SPYI, QQQI and FEPI positions. What's done is done. A lessened learned for me and apparently you as well.
@joemichienzi1741
@joemichienzi1741 3 месяца назад
The shifter was called a horse shoe handle.
@TradingCarMechanic
@TradingCarMechanic 3 месяца назад
Thanks Joe, That's the perfect nickname for that shifter! Thank you for watching and commenting..
@bobmarshall7570
@bobmarshall7570 3 месяца назад
Hey Mark.....planning to drop a few bucks into E*Trade and was wondering if you could make a video on how you research and find your stocks and add them to your portfolio. Doesn't matter what stock you use as a sample....just having trouble getting started with the research side of things. Lets say I want to research the wind farm industry but don't know any companies in that sector. Thanks in Advance
@TradingCarMechanic
@TradingCarMechanic 3 месяца назад
Glad to hear your going to get involved in the Market. It's tons of fun if you ask me. I'll send you PM about the Wind Energy space..
@DannyDrives
@DannyDrives 3 месяца назад
sub'd and saying hi from ROD
@TradingCarMechanic
@TradingCarMechanic 3 месяца назад
Thank You Danny.. I will return the favor and Subscribe to Danny Drives..
@bobmarshall7570
@bobmarshall7570 3 месяца назад
YUP.....you got my ears ringing on that presentation!! You were close on the Camaro I had back in the day but it was a '69 RS with Z28 emblems (bought it that way). It had the 350 but my favorite power plant would have been a 327! Hideaway headlights, same shifter, seatbelt keepers in the console, trunk spoiler and all.....cleanest looking sports car a guy could own (IMO). I like the factory look of the wheels on the car in your video, mine had Cragar's. I remember burning donuts at Front Street with a full car load of girls!! My glory days!! Thanks for sharing!
@TradingCarMechanic
@TradingCarMechanic 3 месяца назад
Thanks for watching and commenting Bob.. Cragar wheels looked so awesome on your car. I forgot about the trunk Spoiler. The guy from Holman Lincoln Mercury that put the car together did an epic job of picking all the right stuff to put on that car...
@dianeperney955
@dianeperney955 4 месяца назад
This looks like a trophy winner
@RobertG-007
@RobertG-007 4 месяца назад
I don't think that they are the factory rims. I would like to see Mopar moons on this Dodge Dart. Black powder coated wheels with Mopar moons would be awesome. 😮
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Thanks for the comment. I agree Baby moons would look cool on the 64 Dodge Dart.
@dianeperney955
@dianeperney955 4 месяца назад
I like the 1967 Ford Ranchero
@randallfrank5682
@randallfrank5682 4 месяца назад
Nice cars. The orange and white 52 Chevy has a couple of beautifully frenched headlights. That black 61 Belair with the 409 must have spun off lots of rubber in massive clouds of smoke with those 14 inch tires. Must have been pretty Scary! I would bet that the owner swapped in some larger wheels and wider tires for his drag racing runs. The black 52 Chevy Belair has a C1 Corvette (53 - 59) grill swapped in and it sure looks good. I really like the roof line of the Belair models.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Thanks for taking the time to comment Frank!. Holly cow, you have a good eye on that Corvette Grill swap in. I noticed how different it was but didn't know why. And now I do.. Thank you for pointing that out. I'm sorting through Saturday's car show pictures trying to figure out which cars to feature. Should have a new video Wed or Thursday.. I hope you'll take a look.
@calledout4437
@calledout4437 4 месяца назад
It's okay to lose on some of them. It's all about balancing it out. TSLY is a big fat loser. Ever since I dumped it all back in October, my account is up 18% and that is with reinvesting almost none of my dividends. Here are the YM everybody should avoid - TSLY, GOOY, XOMO, AIYY, OARK. I might add APLY to that list.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Thanks for your comment. I agree 100% with your list of yieldmax losers and yes I think I would put APLY on there as well. They paid .17 cents one month and although it may come back up, it looks like it will be a slow slug fest for them.
@stizzed1203
@stizzed1203 4 месяца назад
We have access to a specialty boutique fund manager, ZEGA, who directly implements a high volatility high distribution fund. ZEGA will be hand picking the stocks AND the options strike points. ULTY is truly an actively managed fund. I can't call the future, but I want to see what JAY and ZEGA are made of. Can they pick em or not? time will tell. I'm giving them 18 months to put up.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Nice .. thanks for taking the time to comment. I did get rid of most of my shares, but I kept 30, so I can keep some skin in the game and see what happens. Wow 18 months, you have a lot of patience. This is a great and rare quality these days. Cheers to you..
@HappyCamperWithDividends
@HappyCamperWithDividends 4 месяца назад
Hey, are you talking about the daily roundup That I just started Friday? I can stop that or remove what ever content you think is a duplication. I don’t want to do something you are already doing. But I do go over the holdings and trades everyday for all the YM ETFs once they are posted by Zehra. Let’s know.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Hey thanks for watching the video. Don't stop anything you're doing. It was just the watch list holdings anyway. I like what you're doing. There is lots of duplicate content in the investment space, It's to be expected. I started to unload my ULTY position today because I don't like how it's going. I wish I got all the way out, but it went from green to red as I was selling.. LoL
@HappyCamperWithDividends
@HappyCamperWithDividends 4 месяца назад
@@TradingCarMechanic Just wanted to make sure. The ROD community works together and tries not to do the exact same things, and I’d hate to strep on your toes.
@user-wu3jl4gc9m
@user-wu3jl4gc9m 4 месяца назад
I don't know about the long haul on this one either, but I must say that for a small position it is an interesting one to watch. On the covered calls for yieldmax I've heard others saying that ideally is an underlying that is trading sideways or slightly slowly upward to the right. Big moves up and down are hard to recapture the gains back from the downs. Ulty to me is a wildcard here since the whole point is to try to capture premium on the wildest most volatile stocks. It's definitely the riskiest position I have but so hence the smaller position until I can see how it does. I agree that it will probably go to reverse like the others if the target is to try to hit a 60% success rate as considered doing well with capturing intrinsic on the underlyings. Total returns are what's to watch and those premiums to watch are based on the 30day IVs which are very high on these. So again, it's a cool one to watch but easier for me sitting at small positions while I watch more how it plays out.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Well stated! Thank you for commenting, It's hard for me to look at game stop, chewy and carvana in the holdings and expect the Nav go up. I want my stocks to recover after the dividend is paid. Unfortunately, buying on day one, I wasn't truly understanding the nature of this beast. With that said, it's been an awesome learning experience. I started selling out today when it was up .20 cents. But it took a turn into the red at the end of the day..
@tradesman63
@tradesman63 4 месяца назад
I bought a starter position, and when they did that early div, bumped it up to 110 shares. Average about 18.66 so not looking to bad. Thought it would be a good fund of fund as I don’t have positions in the other two. Guess I will wait and see what the next div looks like.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Thanks for the comment. Your average share price is pretty good. You should be okay for the ride to see what the next dividend will be. Good luck, it might turn out to be a winner. It's so hard to tell what will be a hero and what will be a Zero..
@jlcolon2001
@jlcolon2001 4 месяца назад
I bought this stock before the ex-date due to the huge dividend of $1.06 (about 5%). The next day the stock dropped 10%. I waited a couple of days to see if the NAV recovers, but never did. I exited my position at a loss. IMHO, this is a pump and dump kind of stock. They pay the dividends out of your capital and in addition you have to pay taxes for the distribution. Sell and get something else better. Good luck.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Thanks for taking the time to comment. It's nice to hear from someone that owned this fund. It hasn't been around long, but I just have a bad feeling about it. I'm getting out today, also at a loss. Hopefully I'll choose wisely and get something that makes up for it?
@bobmarshall7570
@bobmarshall7570 4 месяца назад
Timing Chain, Drive Shaft, transmission.....shoulda bought a Chevy! just sayin.....lol.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
LoL Bob you are too funny. You know what they say, "Drive a Mopar you drive the best, you drive a mile and walk the rest".. ;)
@bobmarshall7570
@bobmarshall7570 4 месяца назад
Haha.... M ostly O ld P arts A nd R ust @@TradingCarMechanic
@buyerclub2
@buyerclub2 4 месяца назад
I tried to help. But it seems I wasn't overly successful Let's try this. You know what the "Y" stands for in the Yieldmax funds? It means "Y'all going to lose your money if you invest in these". just for fun, I did an analysis of TSLY if you bought at the beginning of the year and held to yesterday (less than 3 months) , AND reinvested the dividends. You would have lost 25% already of the money you "invested" As soon as the underlying stock goes down you will feel the pain. And AAPL has lots of people thinking for many reasons it will go down. Not the company. The STOCK. Maybe not as much as TSLA, but what direction for AAPL is most likely in the next 6 months?
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Some people just can't be helped, Jon.. LoL. The day after I made this video the news broke about the DOJ action. After some soul searching, I decided to sell all shares of APLY. I did lose $1.42 but I collected $38 in dividends. Yes I realize I will have to pay tax on that. I took those funds and increased my allocation into AMDY, NVDY and YMax.
@user-wu3jl4gc9m
@user-wu3jl4gc9m 4 месяца назад
I sold aply today after seeing that the US government is going after the underlying for antitrust violations. Microsoft knows something about what that's like. Just seemed like a troublesome problem for the underlying which is not going to help aply. If I get back into aply, I think it will be at a lower cost. I don't think I gave up too much in dividend by parting with it in the middle of the month, and the extra cash gave me some purchase power to use elsewhere.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Smart move I think, Especially if you get into something with more upside potential. The pending legal matter for apple will likely go on for years. And it will be like dragging an anchor in the mud for them. I'm not sure what I'll do yet. Gonna sleep on it..
@robertsmith6408
@robertsmith6408 4 месяца назад
With the Yieldmax funds always buy on ex div date. I am just down 22 cents a share. ULTY is going to be very violent. The div for March is 1.0653, pretty damn good. Hold it will go back up!
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Thanks for the comment Robert. I'm holding on to see what happens. Hopping your right, that it will go back up! I noticed the ULTY fund manager added Game Stop to the holdings today.. I didn't see that coming.. LoL
@MonteHoopla
@MonteHoopla 4 месяца назад
@@TradingCarMechanic if you down load the intra day sheet they are pretty damn active!.. Holey flip my flap jacks!
@robertsmith6408
@robertsmith6408 4 месяца назад
@@TradingCarMechanicyes, I made some mistakes not buying on the ex date like qqqy and iwmy. Biggest mistake was buying 60,000 of TSLY and not even doing that on ex date but that was a long time ago so did not know what the ex date was. Also when you buy on the ex date watch it from the AM, it usually falls harder at end of day and can even keep falling for a couple more days. Ha Game Stop, well its a roller coaster and thats what Yieldmax wants. Did you see the movie Dumb Money, highly recommend the movie!
@mom2collegekids26
@mom2collegekids26 3 месяца назад
I try to only buy YM funds on exDiv or other red days …sometimes days after exDiv, they’re still red and dropping.
@tradesman63
@tradesman63 4 месяца назад
I dabble in uranium stocks ccj and uroy. Been in and tracking for a while and your correct, one little global or social blip sends it swinging. The problem is the blip seems to have little correlation to the swing. lol
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
It's funny you mention Uranium. I was tracking UEC at the same time I was researching LAC. UEC is still on my watch list but I'm not biting on it. I'll steer clear of commodities for a while. Any time I say that word I think of the old comedy move Trading Places. A must see if your interested in commodities.. LoL
@Seoulsearch616
@Seoulsearch616 4 месяца назад
Thanks very much for sharing. I have thought about hopping on the lithium bandwagon too so I really appreciate your insights! 👍🏼
@tacticalstockscalper6081
@tacticalstockscalper6081 4 месяца назад
You really have a great smooth delivery ! No wonder you have 5k subs! ULTY isnt my personal cup of tea. But, i enjoyed the video great stuff!
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Thanks for the kind words. Yep I'm not sure that ULTY is right for me either? It has a lot of recovering to do before the next pay out. Time will tell..
@URNMYWY
@URNMYWY 4 месяца назад
Great idea on creating a watchlist to match ULTY holdings.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Thank You for watching.. It's nice to quickly see what is driving the ULTY price action.
@HitchensA
@HitchensA 4 месяца назад
Did you factor in yesterday they announced a nice dividend payout of over 1 dollar? Today is the ex dividend date so there is an adjustment to account for the payout as well.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Thank You.. I just launched a new video about the ex date that is of course, "not financial advise". I'm just a retired car mechanic. LoL.. However I still hope you'll take a look at it when you have a chance..
@buyerclub2
@buyerclub2 4 месяца назад
I figured a way to turn it off. using what used to be called bard
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
I see you made it over.. Take your time, look around, have some fun.. If you want to send me a friend request I post often on the shared videos page. You just click on trading car mechanic and then you click on my logo or avitar or what ever the call it. Then you'll see a green button says send friend request. Then you can figure out how to do the chat. With that said if you don't like the discord I understand you just quit the server. You can google how to quit discord server. Keep in mind the main focus of this group is high yielding etf's. We want our dividends. Those that say dividends are stupid won't make many friends their if you know what i mean.. LoL.. Oh and don't engage with Marty. He's a kid and not worth your time. No winning with that one..
@buyerclub2
@buyerclub2 4 месяца назад
I was scared for a moment this portfolio was going to be for someone in their 20s or 30s and I was going to explain again, why they should have a growth vs income strategy. And to get rid of all those things that sacrifice growth to generate income. (like your JEPI, and QYLD, and especially the Yieldmax funds, and JEPQ) I also heard that you use a financial planner, and I hope its one that is fee only, vs an AUM, but regardless make sure they provide financial planning vs stock picking. Also I do like the term, "fiduciary" but even those that have this designation, may not be best in helping you. I guess you are on a traditional medicare plan with supplemetal that is costing you about $500 a month, vs having an IRMA. surplus. If so, you might want to look at a good Advantage plan to same you money. Yes I think some are good. (But all have their disadvantages). But IMHO there is no right or wrong answer to Medicare, it depends on the person, and their health. Let me know and I will elaborate later. Finally, all those Yieldmax things you are invested in, are something you can do on your own. They are ETFs of a SINGLE security. And if you do, you will save yourself the 1% they are charging you. Very simply, what the ETF is or does, is that it sells covered calls against a synthetic position in the underylying stock. Again, they are not something I would encourage, as they cap the upside, but not the down side. But in your situation, where you ARE striving for current income, they may have some value. So I am happy you have a "hobby" account. I had what I called a "trading" account. Only problem for that name for me, was that it became a 7 figure account, and a significant portion of my portfolio. (What portion of your portfolio is this for you?) If you want to share comments with a fellow "boomer" reply and I might comment more.
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
Hello Fellow Boomer.. Thanks for taking the time to reply with an obviously educated and thoughtful comment. I'll start at the top and work down. I've been working with my financial adviser for more than 30 years. She was recommended by a friend that has since passed. I don't know if she or her firm is a fiduciary. I will have to check on the details you mentioned. It's funny I let her be because whenever I log into my account I say, "She's killing it".. LoL. With that said, I should know more about her. As for the medicare I have lets say "pre existing health issues" that I'm concerned will not work well with the advantage plan. Plus choosing my doctors is important to me. Now to the fun Part. I'm new to trading (about 6 months) I decided in the beginning I would rather have Yieldmax's experienced traders sell options for me. But you are correct I could do it myself and maybe I will at some point? I just received level 1 options approval from the brokerage and plan to give selling covered calls a shot. I will pick a stock to learn on and that I don't care too much about in case it gets assigned and called away. I also will not write an option strike price below my average share cost. I'll go slow and see what happens. I like how you called my account a hobby account, because that's exactly what it is right now. Thanks again for taking the time to comment.
@buyerclub2
@buyerclub2 4 месяца назад
@@TradingCarMechanic My pleasure in respoinding. And as, 90% of my trading is now SELLING of options. I would be happy to answer any questions you might have. FYI, selling of options is an income strategy and buying of options, the more common, is a speculation stragety. And some of the more stuipid and agressive things you you read about on wall stree bets, are buying short term out of the money options, which is, as I said just stupid and maybe gambling. (but gambling in some cases make more sense.) BTW, while I dont remember my levels, you want to have the ability to both buy and sell options if you are going to replicate the Yiledmax stuff. BUT at least make sure you KNOW what you are owning. One final comment for the day. In your video you talk alot about the share price. This is an almost meaningless aspect of a a security. (for example, NVDA will likely reduce its share price by at least 1/4 by doing a 4/1 stock split. That stock will go from around 900 to 225 instantaneously , Of course their will now be 4 times the number or shares So the market cap of the stock will not change. A better, but again basic way to compare stocks is EPS. and even better one is the PEG ratio. If you dont know PEG, I would suggest looking for the term on line, such as investopedia. As you probably can tell. I have watched the market for a LOOOONGG time. Never worked in that industry though. (hi tech) Peace
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
@@buyerclub2 Yes I do focus to much on share price. One of the reasons is, when I ad to a position I try to average down. I of course want to buy low. Old habits and thought patterns are hard to correct. Are you in my Discord? If not would you be interested in joining? They have an active options group that you might enjoy? Of course discord isn't every ones cup of tea, as it can get noisy and most members are not boomers like us. But I have made some friends in our age group in there. Let me know if your interested, I'll find an active invite link for you.
@buyerclub2
@buyerclub2 4 месяца назад
@@TradingCarMechanic Yeah, I kinda am on discord. I joined because I am a Patreon Member of a couple of sites, and they have a group there that I infrequently log into. Only problem is I dont really understand how to navigate the site. For example, it keeps making a tone I think everytime someone is sending a message, and I would love to shut that off but I cant figure out how. (LOL) what group are you thinking I should join. Want to send me some instructions on what group to join and the sign in process, , and we can correspond there and stop some of this communication via YT comments. (given I worked in high tech for 40+ years, I am putting my lack of comfort in discord ,, as an issue with t heir GUI designers, and not me . 😀 You should know, when I comment on YT, sometimes I write for others to read, other times I would rather discuss things with the YT channel owner. Which I like to do more privately. So discord is fine, and once you know me, if you had an email to provide me, that would be the best for things others dont need to know. (I fully understand why you wouldn't want to give me that now.) So for me, a deal would be you train me on discord and I give you some input on options and trading. Sound good?
@TradingCarMechanic
@TradingCarMechanic 4 месяца назад
@@buyerclub2 Yes, discord is challenging for us older people. But it can be a cool place to hang out with like minded people. I belong to the retire on Dividends discord group. I will in clude a link for you to join. The first step is to create a display name. Then they usually take you to a rules page. Note that retire on dividends himself will not message you. Often when you first join any discord server a scamer will direct message you. Just ignore messages or delete anything suspicious. the scammers are always obvious. I am the "trading car mechanic" and you can friend me. After that we can have private chats between us. I'm no discord expert but I'm sure I can help. I can also point out people in our age group, although that is also obvious to be honest. I wonder if there is tutorial videos on youtube for discord? Anyway I sugest to a lot of listening and getting used to the system before commenting. I made a short cut via browser favorite page to the Anything and Everything page. That's where I start as it's just an open discusion area. If you look in the left column you'll see individual topics Like options, portfolios, yieldmax, Neos ect... So I got to run I hope to see you over there.. here's the link to the Retire on Dividends discord.. discord.com/invite/wEXb9D5q
@user-wu3jl4gc9m
@user-wu3jl4gc9m 4 месяца назад
Not convenient is an understatement sir. Without @coriejean02....id be completely lost. As I understand, there's a very brief window of time to download trades....I can't even catch that download after the market close before the next day when I think it goes blank again.....
@HappyCamperWithDividends
@HappyCamperWithDividends 4 месяца назад
“Everything Can be Solved with a Corie Spreadsheet” 🤣🤣🤣🤣🤣🤣
@paxrom373
@paxrom373 4 месяца назад
"I have tsly which is a disaster" LOL At least you're honest about it, others who still own it are in denial. I had it forever then gave up, sold it at a loss. But that loss was erased by 2 other funds which grew with gains which erased that loss. *Very Important* - Your portfolio with YM funds may not be as risky as you think. I'm in Fidelity and I went over, pulled up a pie chart of my stuff and it's revealing if correct. I have 7 YM funds, KLIP, and cash. The makeup in the chart shows; Domestic stocks,4%. Foreign stocks,19%. BONDS (caps for emphasis by me), 45%. Short term (cash) 31%. I don't own bonds directly so this is part of the YM fund makeup which people disregard (I think). YM funds, like Defiance ones are BACKED by treasuries which may include the bond part. My point? The risks of these funds are overblown in my opinion. Don't rely on what I just said however, check it out for yourself if you can. Please let me know if I'm wrong about this. RRR ie Raoul/Discord
@CarlosGunX
@CarlosGunX 5 месяцев назад
On your ULTY trades, you were "averaging down.". Dollar Cost Averaging would entail purchasing the same DOLLAR amount, not the same SHARE amount. In your case, you could have purchased $200 orders and as the price of ULTY was falling you would have been purchasing MORE shares at a lower COST, thus. "Dollar Cost Averaging" in.
@TradingCarMechanic
@TradingCarMechanic 5 месяцев назад
Thank You Carlos I agree. I'm new at this and buying a stock that is falling in price has been challenging. I have much to learn, but enjoy sharing my journey..
@HappyCamperWithDividends
@HappyCamperWithDividends 5 месяцев назад
Thanks for the shoutout Mark. Sorry for any confusion with the funds. Maybe I can get some more info from Jay for the field. Let me know if you have any specifics questions. I did start a channel in the discord for questions. Have a good day
@HitchensA
@HitchensA 5 месяцев назад
That's a mistake (thinking you own the shares) almost 60% or more of us have made when first encountering these funds so no sweat. And I share your staying away from option trading. We pay the fund managers of the YM funds to do the options for us. Lastly - I wouldn't get rid of the funds because of the bad customer service. As long as you're getting great divs from them you'll forget this incident. In addition to getting great divs many of these funds go up in price after a time. When that happens you can sell small parts of the funds to get capture the gains and use the money to buy other funds as well. Combined with the divs your portfolio will go up probably better than you'd ever think possible. I'm speaking from experience. Took 50K from our retirement fund to invest solely with these kinds of funds for our son. That was last August. To date the portfolio is near the 80K mark. This is without any margin or option trading. Today I sold a little from 3 YM funds - got $3640. Tomorrow I should be getting between $2500 - $3000 in divs. The money keeps coming in month by month.
@TradingCarMechanic
@TradingCarMechanic 5 месяцев назад
Thanks for the inspiring comment. Interesting strategy you have! Your timing was perfect for such a venture. When I started my portfolio I was really focusing on index based covered call funds like JEPI, JEPQ, SPYI, FEPI and the likes. I strayed from my plan, when I saw those giant CONY payments. I don't plan on selling out of all YieldMax funds, just restoring the balance I had at the beginning. Thanks for watching and commenting..
@HitchensA
@HitchensA 5 месяцев назад
Incredibly professional output, clear voice, logical analysis, right to the point. I'm not used to seeing this kind of video. Great job! I'm the kindred spirit investor noted over on Discord. Just subbed to you. Looking forward to more insights from you going forward.
@TradingCarMechanic
@TradingCarMechanic 5 месяцев назад
Wow, thanks! I appreciate the kind words..