written by reader 3X LEVERAGE ETF’S. #NVDY, #TSLY

by asapete | October 3, 2023 12:15 pm

Newly created and paying monthly big dividends[1].
I have positions in both.
Anyone else on Board?

Endnotes:
  1. dividends: https://www.stockgumshoe.com/tag/dividends/

Source URL: https://www.stockgumshoe.com/2023/10/microblog-3x-leverage-etfs-nvdy-tsly/


12 Comments
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  • Member
    👍 5
    asapete
    October 3, 2023 12:20 pm
    It appears over a short few months these two could pay the investment back and be decent cash generators.
    1. Member
      👍 22353
      October 3, 2023 11:10 pm
      "Could" is a good qualifier to use there. Haven't looked at the details and don't know what the expenses or timeframe are like, but these are basically single-stock covered-call ETFs -- lower upside if NVDA or TSLA rises, slightly lower downside if they fall, decent income if they are rangebound.
  • Member
    👍 5
    asapete
    October 6, 2023 11:58 am
    This month #TSLY pays .5769, #NVDY pays .6771 They announce on the ex day each month, so note there is no opportunity ahead of it. My strategy is to average the last 2 months and sell any lots ahead more than that leading up to the dividend expected announcement day. Understanding historic range and trends become easier over time. I keep the core and add when it pulls back according to historical action. I have done well. in the past with another leveraged ETF #QYLD using similar strategy. I am currently out of that one. I cut my teeth so to speak on MLPs back in the last century. I still own #EPD from that period. Dividends and distributions have been the long term focus. Please add your comments or questions.
  • Member
    👍 5
    asapete
    November 3, 2023 11:18 am
    Looks like the quick winner here is NVDY TSLY's time turns out to be great for those who bought in late April The long game here may still be worth the wait in my opinion.
  • Member
    👍 5
    asapete
    January 14, 2024 5:46 pm
    Pared to just TSLY after taking profit on NVDY last year. High return and liquidity here. Reinvest on your own time frame, not automatically Potentially it will change to just a long hold for early investors but I did not discover it till mid year. Currently near 52 week low.
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