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TSLY Is Still A SCAM - Here's Why ⚠️

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In this video, we're covering TSLY, the YieldMax TSLA Option Income Strategy ETF. This covered call ETF has the highest dividend yield I've ever seen at over 60%, and I'm pretty skeptical about it. I think this dividend ETF could be a dividend yield trap, and I'll tell you why I think TSLY is still a scam in this video.
The ideas and opinions presented in this video are meant for informational and entertainment purposes only, are not intended to serve as a recommendation to buy or sell any security in any account, and are not an offer or sale of a security. They are also not research reports and are not intended to serve as the basis for any investment decision.

Опубликовано:

21 авг 2024

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Комментарии : 155

@ConcealedCourier 4 месяца назад

I bought this and NVDY. By the time I sold I was up on NVDY and waay down on TSLY. It's really all about the underlying companies. JEPQ, meanwhile, made a total return of 35%.

@rynewilliams 4 месяца назад

Thanks for sharing! I think you hit the nail on the head

@analyticsx3 4 месяца назад

I’ve done very well buying tsly before the ex date then selling calls. It’s not fool proof but making 10-15% for the month is very nice for a low priced fund.

@solabanivla Месяц назад

How far out of the money do you sell the calls?

@sxsignal 4 месяца назад

I think it is too soon to tell with TSLY because TESLA stock has been on a downward trend as well. (I have invested in it and by the end of the year, I’ll have almost doubled what I had invested even with it going down). TSLY (kinda) follows Tesla’s trend so I’m fine with reinvesting in the dip, because once Tesla spikes again, I’m feeling TSLY wil as well, then I’m just pull out what I invested and let it ride (which is what I’ve done with a few other stocks)

@rynewilliams 4 месяца назад

Thank you for sharing that!

@sxsignal 4 месяца назад

@@rynewilliams we shall see, I could have made a mistake but I was willing to risk 3k on it in Jan. I’ll set a reminder for 6 months 😬

@rynewilliams 4 месяца назад

We'll see what happens!

@SirRunsChannel 2 месяца назад

@@sxsignalmore like by 8/8 and the 13th of this week haha

@hot2warm 4 месяца назад

It's good for boosting your current dividends. My time horizon is essentially zero, since I turn 59.5 in May and will start withdrawing from my Roth, where TSLY is located. Yes, the loss is troubling to a certain extent, but this is probably the stock exchange version of an annuity, albeit without the absolute certainty of consistent payout time and amount. The purpose has never been primarily growth, but current income. Long term investors not at time horizon zero would be better off steering clear of this one. FWIW, I've had other investments lose NAV to the same degree without the same level of dividends. AY, for one.

@rynewilliams 4 месяца назад

Thanks for sharing. I hope it serves you well!

@TonyKimCre 4 месяца назад

I tested and sold Tsly it did not have a performing return.

@rynewilliams 4 месяца назад

At least you gave it a shot!

@f.w.1318 4 месяца назад

It’s not going to when the underline stock is not performing well either,

@Synful_ 3 месяца назад

@f.w.1318 that's a coping mechanism for losing money. the split killed the investment

@f.w.1318 3 месяца назад

@@Synful_ Covered Call etfs are bearish plays, if the underline goes to low, you go kaput on the synthetic to the etf or you split, I doubt YM was going to let it got to zero, its in the prospectus, I don't own that one, took profits in December, just look at leverage fund TMF, collect your ROI and move on.

@nehemiahbarrett4432 4 месяца назад

SPYI is good if you’re looking for income.

@rynewilliams 4 месяца назад

Thank you for sharing that!

@angel_killzit 4 месяца назад

25% seems to be the limit on cc etf yield fepi is doing well , ymax is also holding pretty well tho so if anyone wants anything yieldmax in thier portfolio id say that one is the choice

@rynewilliams 4 месяца назад

Thank you for sharing!

@DavidOldenburg1 7 дней назад

TSLL looks like a terrible investment... unless I am missing something,, it is down big time since the launch and the "dividends" have not added up to the amount of the losses...plus their is a fee for management.

@mikaelsmith3605 3 месяца назад

Serious question: Why do people go for this ETF and not after a BDC like MAIN, Ares or Sixth Street instead? I feel like those companies offer a way safer dividend, while also having a very high yield. Tesla is the black sheep among the Magnificent Seven, so I don’t understand how this ETF can be so popular… 😅

@rynewilliams 3 месяца назад

People would rather go with the high yields offered by funds like the ones mentioned in the video 🤷

@stevensaxon8888 4 месяца назад

Ryne, I'm like you I'll stay clear of these traps. I will stick with cash secured put & covered calls. You can make way more money selling weekly csp & cc with less money

@rynewilliams 4 месяца назад

Smart move my friend!

@FRED-ed3qf 2 месяца назад

#1 depends on what underlying stock does

@moresugartradercc2744 4 месяца назад

I don't have TSLY but I have watched other channels that use the income from yield max shares to invest in companies that grow the growth from these stocks offset the losses from yield max shares plus not all yield max shares lose value it all depends on how the stocks they are tracking perform if you want to call it a scam I won't argue with that it doesn't look like a good investment to me

@ExitTheSystemBTC 4 месяца назад

Alot of its problem is that TSLA has done awful. This should not be a core position or even in a core portfolio. I have a little i just started buying in my side high yield maniac casino portfolio. This is mostly because TSLA may find a bottom. The other thing to keep in mind is like covered calls you should be topping off your position just the same as if you were writing covered calls yourself. $TSLP is a new one from Kurv and its actually done much better in holding its NAV vs TSLA. Matching the downtrend pretty evenly. Its basically the same if you were writing your own covered calls at the money with TSLA over this downtrend. Its not for growth, only for cashflow and cashflow is king. Again I wouldnt even put these types in my core portfolio but certainly have it in my side portfolio where i use the cashflow for fun money.

@rynewilliams 4 месяца назад

At least you can be honest about it being akin to gambling -- where if you play long enough, you are sure to lose money

@ExitTheSystemBTC 4 месяца назад

@@rynewilliams it really depends on the stock price of Tesla. If you go right the same covered calls at the money on your own shares of Tesla you're essentially going to have the same outcome. So you're basically just paying them the expense ratio to write the at the money covered calls for you and you don't require 100 shares of Tesla. That's all this is. Are all covered calls gambling I don't know I guess that's subjective. It's just an investment structure on a highly volatile asset. The only difference between this and JEPI is there solely picking a highly volatile asset and then riding the calls at the money

@ExitTheSystemBTC 4 месяца назад

And don't get me wrong I do agree with you that investing in safer assets play you don't have to actively managed or watch is a much better scenario albeit I don't believe in buying anything that pays less than 4% because if I want to go less than 4% I'll just buy SCHD. But I don't think it's gambling as much as buying some crappy meme coin would be. It's writing covered calls and you need to know what you're doing. There is an exact science behind it.

@jacksonbliss 4 месяца назад

I tried it out, the capital depreciation went off the rails, I sold covered calls to make some of the money back, & then they did a reverse split and my 122 shares became 61 and the the capital depreciation started all over again. I sold my shares after that.

@rynewilliams 4 месяца назад

Wild!

@billcarruth8122 4 месяца назад

I think the appeal comes down to false logic. People refer to these covered call funds as "dividend stocks" which creates a false impression that dividend stock strategy applies to them. They aren't stocks for one thing. When you buy a stock you are gaining fractional ownership of a company. When you buy these ETFs you aren't gaining ownership of anything, you're essentially handing your money over to someone you've never met and are saying "use my money to gamble on options." Dividend paying companies tend to be very stable, even growing if we're lucky. They have an intrinsic value that is measurable. You should be able to tell if you are getting more value in the future than what you are paying for in the present. None of that applies to covered call etfs. You might be able to calculate their current value based on their assets at the moment, but good luck forecasting what any of that amounts to in the future.

@rynewilliams 4 месяца назад

VERY well said my friend. I think you hit the nail right on the head

@Lathom_Yt 4 месяца назад

Not actually TsLY that is bad, it's simply TSLA has dropped like a rock. You can see in NVDY and CONY that they do quite well...

@rynewilliams 4 месяца назад

For now! Let's see how things shake out for them across a longer period of time

@Username_CC_ 4 месяца назад

your pour damned soul will lose everything

@Dan-Weston 4 месяца назад

It you are judging these ETFs by recency bias of very very short term performance rather than assessing their actual construction in the prospectus you are missing the point of why TSLY has performed terribly. The same fate awaits all YieldMax products, it just is a matter of time.

@willowandluka5302 4 месяца назад

Your returns would probably be better investing in the underlying stock than in its call option ETF

@RichardAkin-qj6xt 4 месяца назад

I have faith TSLY will recover when TSLA recovers, if you don't sell and panic you could get some reward in the future. Thanks good video!

@danieldpa8484 2 месяца назад

it´s not an investment - it´s a gamble. I hold 250 shares of TSLY and see where it goes

@rynewilliams 2 месяца назад

I think that’s a very fair assessment. Thank you! I hope TSLY does well for you 💰

@jollama 4 месяца назад

It’s a JEPI and JEPQ life for me

@diegocontreras3173 4 месяца назад

Yup

@TortoiseInvesting 4 месяца назад

The yield max onea scare me, the irs loves when people invest into them. Hope you're doing well buddy

@rynewilliams 4 месяца назад

Back at you man!

@diegocontreras3173 4 месяца назад

The irs loves them specifically for tax reasons or something else?

@TortoiseInvesting 4 месяца назад

@@diegocontreras3173 thats why lol

@dominiquetheeasyminimalist 4 месяца назад

I don't get it either, it's just the mirage of quick money I guess? For high yield I own BDCs with decades of proven track records and increasing dividends. Lately I got some preferred shares on which the dividend just reset to over 8% for 5 years, I chose those over bonds. Far far less than TSLY, but I don't lose sleep wondering what my next dividend payment will be or if my retirement is at risk...

@rynewilliams 4 месяца назад

Well said Dominique!

@zachb2292 4 месяца назад

Never been a fan of TSLY or any yieldmax fund. I do have JEPI and JEPQ and like some other funds, so long as they meet my criteria of mainly selling options on an index vs single stock, and NAV & share price that appreciates over time

@rynewilliams 4 месяца назад

Thank you for sharing!

@CGAZ66 3 месяца назад

I kept tsly for a short time then dumped it. I made a profit out of it. Something like this was not a long term hold.

@citizenoftheyearCC 4 месяца назад

These people think dividends are "Free" money and that is there is no risk. They don't listen to facts/logic.

@Albert87nl 4 месяца назад

oh we do listen. these things might be new... but there not a scam by miles ..

@rynewilliams 4 месяца назад

I'd be curious to hear your case for them as a viable long-term investment

@jimmyb6842 4 месяца назад

CONY and NVDY are doing well. Tied to bitcorn and tech TSLY is related to a car company. They always suffer! So that reflects of the type of investment u buy. Car company are unstable

@RonnieM90 Месяц назад

With Yieldmax funds, the upside is capped, but the downside is not. Currently, TSLY is up around 18% in the last month, but TSLA is up around 50% in the last month in terms of price return.

@chrisn6585 3 месяца назад

If it's a covered call it follows tesla I need money I can't wait 50 years that I don't have for a mainstream stock

@stright9607 4 месяца назад

Covered call funds always underperform their underlying assets.

@HeroDefi 3 месяца назад

Well, that was short lived. It recovered a significant amount

@archeralpha7344 3 месяца назад

will tsly exposure to the risk being closed by the team like it was in tsli?

@arigutman 4 месяца назад

The only thing I can say is all the haters who commented a year ago... must be feeling great today.

@rynewilliams 4 месяца назад

Time may still prove us wrong about TSLY, we'll have to see what happens.

@MrSoutherhospitality 4 месяца назад

Kurve kinda has the same system set up but I think they actually own the shares I have a portfolio that has a bunch of yield max ETFs and I’m going to ride it out and see how it does for the year but I have a separate portfolio that has REITS and other ETFs with not such a high yield GL to everyone

@rynewilliams 4 месяца назад

Good luck my friend! Thanks for watching

@f.w.1318 4 месяца назад

The main differences with KURV invest is they trade 30 days out and at least 5 to 15 percent out of the money gives room for the upside, while still paying a decent dividend, Amzn Kurv trades up to 15 percent that’s the one I own.

@kevinjames28 4 месяца назад

Different folks Different strategies

@rynewilliams 4 месяца назад

100%

@Username_CC_ 4 месяца назад

no you are getting ripped off by buying crap funds that will empty your pockets

@MSlocum669 4 месяца назад

But what if you sold call options on yout TSLY shares XD

@rynewilliams 4 месяца назад

That'd be wild haha

@jacksonbliss 4 месяца назад

I did before the reverse split halved my shares. And they’ll probably do that again sadly

@thejesser501 4 месяца назад

TSLY has been one of my worst investments. major NAV erosion Lost $500 after subtracting my dividends . Not worth the high dividend yield. I sold it before it did a reverse split and looks like it's still losing value. Global X.., XRMI and QRMI has been a better balance between maintaining the NAV and dividends. Yes, I agree. Don't chase high yields!!😮. Thanks Ryne... Everything you said is 100% correct.

@rynewilliams 4 месяца назад

Thanks for tuning in!

@moneekdilawari4508 Месяц назад

I have been saying yield max funds are garbage

@Jayvazquez15 4 месяца назад

Im thankful I never invested in these ETFS, I continue to stick to my SCHD, VYM, FXAIX and single stocks. Great video!!!

@rynewilliams 4 месяца назад

Thanks Jay! You're better off doing what you're doing

@Cali_bred89 2 месяца назад

Fxaix I a my biggest holding 🔥🔥

@shawnshively3778 4 месяца назад

Keep up the good content ❤😊

@rynewilliams 4 месяца назад

Thank you!

@doddergo 4 месяца назад

Awesome video. People will learn the hard way. I hope it's not a big loss for them

@BTBLive 4 месяца назад

I put 100 bucks in just to track. Now worth $88 and that's with dive reinvested.

@rynewilliams 4 месяца назад

Oh dang! It was wild to see that it's lost more since inception with dividends reinvested than without dividends reinvested

@BTBLive 4 месяца назад

@rynewilliams Every time I look at it reminds to stay focused, and if it seems to good it probably is.

@sburbank77 4 месяца назад

glad I avoided this crap

@rynewilliams 4 месяца назад

I don't blame you!

@veneetbansal8559 2 месяца назад

What are your thoughts on MSTY?

@rynewilliams 2 месяца назад

I don’t like any of the yieldmax funds

@mikewu9483 2 месяца назад

$9+ in 3 month, you will get all $ back in 10 months, if compunded, maybe 9 month

@patschuster9619 4 месяца назад

Sounds like a bomb that could go off at any moment.. definitely not for me.

@rynewilliams 4 месяца назад

Agreed

@rssharma9 4 месяца назад

A lot of people think covered call ETFs like JEPI are great for retirees. They are not. A basket of top notch dividend growth stocks are much, much better, especially for retirees.

@rynewilliams 4 месяца назад

I'm not retired, but trying to put myself in the shoes of someone who is, I wouldn't be comfortable with the idea of my income fluctuating every month. That is, unless I had a MAJOR cushion between my income and expenses. Obviously, dividends from regular companies aren't guaranteed and can disappear any day, but it's hard to argue that they're not more predictable than dividends from covered call ETFs

@rssharma9 4 месяца назад

@@rynewilliams Well said, Ryne. I totally agree with you.

@shawnshively3778 4 месяца назад

You need to educate the Khmers channel. Go live with this guy and save a bunch of people from his stupidity.

@diegocontreras3173 4 месяца назад

Lol 🤦🏽‍♂️

@rynewilliams 4 месяца назад

I haven't seen his channel...I'll have to check it out!

@zhangguo8762 4 месяца назад

I enjoy watching his channel, it's kinda like watching a trainwreck in action. If you ignore his investment advices, he is a decent guy.

@RippingProfits 4 месяца назад

@@rynewilliamshe make about 7k a month his income grows every 3 months by 1k. Not bad even tho he’s down 50k.

@RippingProfits 4 месяца назад

@@rynewilliams his down like 50k but makes 7 k a month and his dividends grow 1k every 3 months.

@DividendGrower 4 месяца назад

None of the funds make sense if you compare to their underlying assets. Paying higher management fees and taxes for the distributions make this a terrible investment. Great video Ryne

@rynewilliams 4 месяца назад

Thank you!

@girldaddividendinvestor 4 месяца назад

Run for the hills. 😂

@shanegreen1477 4 месяца назад

This is the type of fund that represents someone investing whos chasing yield.

@rynewilliams 4 месяца назад

It seems that way for sure

@RichardAkin-qj6xt 4 месяца назад

TSLA will recover and so will TSLY hopefully.

@rynewilliams 4 месяца назад

We shall see!

@seanmcbride8516 4 месяца назад

When they started this etf it started such an irrational frenzy for some misguided investors, it was upsetting Knowing some where pouring so much of their resources into it and how badly it was going to go for them. I feel like it's far to aggressively set up to ever recover when it takes a big hit.

@rynewilliams 4 месяца назад

Yea it was definitely too good to be true

@jayman4795 4 месяца назад

I don’t own TSLY (or TSLA) so don’t have a dog on this fight, but do you think it might be a bit too harsh to call this a “scam”? I mean, this is so far a pretty bad fund, sure, but I understand other sister Yieldmax funds are doing better (at least so far), so perhaps this one just has had a particularly bad underlying (TSLA) and otherwise is significantly underperforming - but not because it’s a loser it’s necessary a scam, is it? Honest question, not trying to be contrarian.

@rynewilliams 4 месяца назад

I think investment products like these serve to benefit the companies who create them more than the actual shareholders of the fund. Investors are lured in by the ridiculously high yield, charged high expenses, and then end up losing money. In the case of TSLY, specifically, you're paying someone a 1% annual fee to stuff your money into the garbage disposal. And then, you're led to believe that it's okay you're losing money because you're making so much in "income." There's a lot of tomfoolery going on, and in my opinion, it's scammy.

@Username_CC_ 4 месяца назад

they will drain all of your money in fees

@hotfeva9843 4 месяца назад

😂sounds like a rug pull is coming

@rynewilliams 4 месяца назад

Haha I think we're already in the midst of it

@hotfeva9843 4 месяца назад

@@rynewilliams yep I think your right about that, it's gonna get ugly this week

@TheOriginalTucriah 4 месяца назад

You're losing on both ends...

@rynewilliams 4 месяца назад

Very much so

@theghostoftoby1779 4 месяца назад

There’s a couple of decent ones like cony but Tsly has been absolutely trash since its inception.

@rynewilliams 4 месяца назад

Yea CONY and NVDY have done well so far. We'll see what becomes of them if/when the tide changes for COIN and NVDA

@Albert87nl 4 месяца назад

@@rynewilliams same thing with TSLY. they tank.. cus they cant fully grab the upside.. but the full downside.. . you just own what suits ur needs and risk tolerance. see what the market does on annual base. and then with diversification you get the yield ont he circumstances... this and the old know way is comparing appels with pears! but still not a scam..

@rynewilliams 4 месяца назад

@@Albert87nl In what way is it not a scam? I keep seeing that claim, but there's never a coherent explanation that comes with it.

@Username_CC_ 4 месяца назад

they all seem fine until they turn south and collapse

@Dan-Weston 4 месяца назад

@@rynewilliams Don't worry Ryne I don't think he understands his point either