CONY ETF: Risks & Rewards - Is It Worth It? 🚀📊

In this video, I dive into the CONY ETF, exploring the risks and rewards of this popular YieldMax fund. With its promise of high distributions and potential for passive income, CONY has attracted investors seeking consistent returns. But what about the risks?
Discover how CONY works, its performance trends, and strategies to navigate the ups and downs of this investment option. Whether you’re new to ETF investing or an experienced investor, this video will provide valuable information to help you make informed decisions about your financial goals.
💡 Don’t forget to like, subscribe, and share your thoughts in the comments!
Disclaimer:
This video is for informational purposes only and does not constitute financial advice. Always consult with a licensed financial advisor before making investment decisions.
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[@HealthandWealth-2024]

Links: Passiv (dividend tracker) passiv.com?ref=NGFIQWCQXG Support me by joining this channels memberships to get access to perks: kzbin.info/door/8G0Eg8I3Si-NASvghOJ5Fgjoin Sign up to Questrade and we both get $50 www.questrade.com/ referal code: 506124470468876 IBKR: ibkr.com/referral/michael68464

[@canadianbacon852]

Looking forward to my first CONY distribution on Monday! Even though it’s a lower amount…Best wishes to everyone in this community.

[@HealthandWealth-2024]

You too pemeal. (get what I did there)? Build it a little at a time.

[@boomclash101]

🎉

[@kevinmendoza4402]

Hi Mike! $CONY is a powerful ETF 🚀📈📊 great video, thank you!

[@LilRedChevelle]

Fun video, Mike! I went to CONY island with you. Ready to take the rides!

[@BlueRivers]

Mike for president even though he is from Canada! Come on Mike let's do this!

[@Dividentman]

Enjoying you content I'm doing the same with cony just reached my 180 shares now leaving it to do its thing

[@HealthandWealth-2024]

Thanks for being here. Let's go! DRIP DRIP DRIP.

[@nicolaskesington449]

with it's estimated $1 dividend payment monthly, if you bought CONY now you will have ROI within 15 months, therefore free money after that, this are income funds, they are not growth funds, if you want to play it safe, when you get paid the dividend put the money into something safer

[@HealthandWealth-2024]

yup exactly to all of that. Take the distribution and put it in a blue chip is what some people do. Or SPY

[@Investwithme28]

Im doing the same thing 🤑

[@roneinarson6342]

I like your plan. No risk, no reward. I started with $1050 in a TFSA in March/23 mostly started in YTSL. Sold it when it was up 30% and went into various high yield funds. Sold them when they went down to much and bought others. Today it is valued at $2117.00, last month I received $108 USD in distribution. That is after 15% tax taken off. This is all with just reinvesting the distribution and not adding any more in the TFSA.

[@HealthandWealth-2024]

Let's go, are you with Questrade? If so check out my code for passiv in the pinned comment. You get it for free.

[@roneinarson6342]

@ , yes with Questrade. Passive shows the total distribution before tax.

[@HealthandWealth-2024]

@roneinarson6342 after tax and in canadian

[@kevinmendoza4402]

Mike! I’m buying the $CONY and $PLTY dip! 🚀📈📊

[@fasteddy-fd3kr]

Nice. When do we expect it to go up? Mid year? With Bitcoin bounce?

[@HealthandWealth-2024]

No idea on that one. Let's hope :)

[@Dougsellshouston]

These KZbin “influencers” are jumping from fund to fund saying Amzy army one month then xpay then it’s Ulty then it’s something else shiny cause they don’t understand compounding and total return love your videos Just keep adding money keep reinvesting in 5 years account will he 7 digits

[@HealthandWealth-2024]

Thanks Doug, trying to pick something and stick with it. I feel cony might be my gamble, but it could compound nicely.

[@BRIAN316100]

Solid work Mike!

[@HealthandWealth-2024]

Thanks

[@mangoinvests]

Nice video man. I currently have 1097 shares. The plan is to just hold for the time being. I dont want to over concentrate

[@HealthandWealth-2024]

Keep it up, what are you doing with the distributions?

[@mangoinvests]

@@HealthandWealth-2024 Building up the cash position and if |CONY drops below 12 we are buying in!

[@inquirer1016]

I would like to dump all my CONY shares entirely but it’s so far down right now. Thankfully MSTY dividends help make up for the loss. The only YieldMax ETFs worth owning is MSTY. It already paid for itself with close to 200% return since April of 2024 counting all dividend received. With Bitcoin projected to rise high, MSTY is a long term hold with great potential.

[@mattthompson3656]

Been buying more cony at these prices. Thought I was getting a good price at $17 (sold a bunch at $27 in April)! Bought in September at $17

[@HealthandWealth-2024]

Let's hope it doesn't continue the way it's going.

[@RichardAkin-qj6xt]

As long as I've had CONY, it always comes way down and then goes back up over my average price. I'm down quite a bit right now, but crypto is here to stay!!

[@HealthandWealth-2024]

Agreed

[@passiveinvesting_automation]

I’m the same way, always wanting to make adjustments to holdings lol

[@paullopresti9568]

My personal opinion is MSTY is the best of the yield max ETF ‘s, and NVDY is next in line.

[@opejegede3971]

I see you are a Canadian investor. Can you please explain buying this type of etf in tfsa or unregistered account

[@HealthandWealth-2024]

For sure. Tfsa: auto taxed 15% of all distributions form u.s etfs or stocks that pay a dividend. Cash account (not 100% sure) because I don't have that account type. My guess it's taxed like normal income. I'd Google that though. Don't trust me.

[@PRADM5]

Hi Mike ! Why Cony ETFs and not QQQY?

[@HealthandWealth-2024]

Qqqy has been terrible from day 1. It's difficult to tell by looking at the chart. But every month has been a steady downhill. They just did a reverse split with no change to strategy. They'll do another one within 2 years if they don't change strategies. Yes you get a distribution, but it's been an awful fund.

[@greatsciencegreatlife]

I bought 1000 shares of CONY @ $15.71 in Dec 2024. I am wondering if I made a mistake! Any comments/advice? I am from Canada too.

[@legoguyver7459]

I got 4000 shares round the same price. Same boat. It fell down like this back in September and rebounded back up to 17ish.

[@greatsciencegreatlife]

@@legoguyver7459 Thanks for the encouraging comment! I am hoping it will bounce back.

[@HealthandWealth-2024]

1000 shares, nice! Could be good, could be terrible time will tell. But, if you've got the cash and you're willing to risk it for the high yield then good. If you are borrowing and it changes your life for the worse if you lose a lot of capital then bad idea. For me I don't put a ton of my net income into these. I will build them up though over time.

[@professorfoxtrot]

I bought 1155 shares or cony two months ago. I'm m now down $5,120.

[@HealthandWealth-2024]

Oh let's hope not. But if bitcoin drops 20 000 it's possible

[@tpo6142]

What if it does a reverse split?

[@HealthandWealth-2024]

Then i'll have at least half the shares. Unless it does a 5 for 1 reverse split. Then i'll have 1/5th the shares. Not good.

[@johndipietro2462]

I have 2650 shares of cony

[@tyronegreen2412]

Will all of my American Trading apps work when I move back to Canada I mean Robin Hood Fidelity E-Trade Mumu Chase Charles Schwab Citibank invest Sofi invest what I have to use a VPN or would I be completely blocked out I'm probably going to be around Regina Saskatoon somewhere between those two places please comment if anyone knows for sure I'll check back on the comments thanks again for your help

[@HealthandWealth-2024]

Unknown but you'd think it would all work even without the vpn. I don't think you could create accounts, but most likely use them while here. I know I've used my apps in Europe

[@anthonyschmanthony]

You buy low and sell high when there is capital appreciation. These funds are garbage and Jay needs a visit from the SEC. The slimeball calls them income but tells you you need to reinvest 100% in order to maintain a positive total return. You need to give him your income..... Think about that. His funds generate revenue for YM based on AUM, transactions, and the yearly fee. So the more you give HIM, the more HE makes. CONY, NVDY, MSTY are anomalies. Look at the rest if the garbage they throw at the public while the SEC does jack. Scam dividend traps, all of them.

[@PIIforever]

Have you thought about buying ENCL?

[@HealthandWealth-2024]

No, but I'll take a look at it. What do you like about it?

[@PIIforever]

@ it’s Canadian so you don’t have to worry about the 15% withholding tax. Buy it when it’s $19.30 or under and you’ll lock in an 18% yield or higher. Buy it with your high yield dividends. Add some stability to your portfolio and diversification.

[@HealthandWealth-2024]

@PIIforever love it, ill definitely check it out

[@wolfe5047]

I added 250 shares in my 2 of my accounts when the price dropped 100 at 13.5 then it dropped further. So, I added another 150 at 12.45 but my cost basis was in the 17's since about June. I have seen it at 11.35ish and up to 18 plus over the last 6 months. I am up 12 % overall in 6 + months. A loss of net asset value but the dividends have outpaced the share price loss. My big position is 1855 shares in my IRA account. And 675 shares of CONY in a taxable account that I have built in the last 6 months. I don't drip in these I take the cash and buy my other funds if they are below my cost basis.

[@HealthandWealth-2024]

.85 cents and up it'll get there sooner than later! Let's hope this BTC crash isn't longterm. Honestly I would be okay if it hits 75000.

[@wolfe5047]

@@HealthandWealth-2024 your cony and MSTY would get killed though.

[@HealthandWealth-2024]

@@wolfe5047 Agreed, but a lot think bitcoin will go to 245000 in the next couple of years. If it goes down to 75000, could be a great buying opportunity.

[@kenj6601]

Out of my four Yieldmax positions, Cony is the smallest and the one I have least confidence in.

[@HealthandWealth-2024]

It's way up and way down. Pretty wild action 🎬

[@J.D248]

Why do people DRIP into covered call etfs? Just hold COIN.. you will do better. Seriously, compare total return of COIN to CONY with DRIP.

[@HealthandWealth-2024]

You're right. I'm doing this to see where it goes. If I put 2900 into coinbase that's all I'd have to grow. With cony i get a little more every month. 4 years from now that could be a huge amount. Just a little experiment with a little amount of money. But, you're probably right.

[@J.D248]

@HealthandWealth-2024 they are great ETFs for retirement to get income from the tech sector, which most dividend funds lack.

[@picklepragginz7687]

CONY is far too risky. I lost a lot, when it first came out. I only recommend CONY in pair with FIAT to attempt both up and down price action, while keeping the large dividends. That being said, I have NOT figured out the right formula. Nor have I found the right DCA method. I am still experimenting.

[@juliocs5483]

If you had CONY when it first came out you should have gotten your ROI already.

[@RichardAkin-qj6xt]

I'm doing the same, but I bought FIAT way too high, and it's way down. I don't think it will ever recover, so I'm just collecting dividends until I can break even. However, FIAT is great when BTC falls.

[@picklepragginz7687]

@@RichardAkin-qj6xt I'm trying to DCA into FIAT, when BTC is at its highs for this cycle. This is not an easy task 🤣Good luck!!

[@Greyatom66]

Just buy coinbase stock instead, this thing is danger lol

[@ckoncha]

you need to go read the prospectus and go watch some of the vids the yieldmax ceo has been interviewed in - some of your understanding is completely wrong

[@HealthandWealth-2024]

Oh? Like what?

[@slimbooter99]

I'm doing a 2 month re-invest, 2 month withdrawal of my dividends from CONY and MSTY. This will be my 2nd month. I'm going to keep this method until I have 1,000 of each and then just keep the dividend from there. I should reach the 1k of MSTY within 8 months with this method while also "re-couping" what I put into it initially.

[@HealthandWealth-2024]

That's an interesting strategy. That way you build up your cash at the same time. Nice thinking.

[@HighYieldDividendDragon]

5 years. Wow. .83 is a great return regardless of previous returns. Look at any other so called stable fund and returns are dismal.

[@HealthandWealth-2024]

4 years 11 month (59 months). Lets go!

[@fasteddy-fd3kr]

Trump might block Canadians from investing in US stocks 😂

[@HealthandWealth-2024]

Oh man!! At least then I wouldn't have to pay tax woohoo

[@scottfree8726]

Trump is gonna spend a lot of money

[@pyrocrew17]

And Biden didn’t?

[@scottfree8726]

@ the more the governments spend the higher BTC and MRST will go.