TSLY, NVDY, APLY, AMZY, AND CONY update! Jay Pestrichelli talks about new funds YMAX and THTA.

[@robertbeckwith9220]

Always love to hear Jay speak. Thanks.

[@P2Wealth]

This works better with Buy, Borrow, Die and we also add leveraged ETFs in the course and rebalace to lock in gains. Very cool way to "make" money when borrwing safely. Thanks for the comments! Mark

[@marshallmason1]

The two funds I've been deeply curious about have been YMAX and THTA. It's amazing to hear about both in one video, right from the horse's mouth!

[@P2Wealth]

Hey! Very cool. YMAX and AMZY are doing very well!

[@P2Wealth]

Are you using a Buy, Borrow, Die strategy to never sell and always reinvest all the dividends?

[@joannemeeks745]

This was an excellent interview. If more people had just a little bit more understanding of these YieldMax funds, they would appreciate the opportunity that the funds provide.

[@P2Wealth]

Thank you! If you combine it with a Buy, Borrow, Die strategy it is even more powerful. I collect $1100 a month in dividends and I’m also using some index-based ETFs. I only paid $113 last month in interest. Have you learned how to invest at high dividend and borrow at lower rates (6-7%) to reinvest?

[@sshumkaer]

@@P2Wealth I havnt

[@joannapatterson4625]

Agree 100 percent! ❤ these funds. Game changer.

[@ty6390]

​@@P2Wealth How do I learn this strategy?

[@MarkQuann825]

@@ty6390 m.kzbin.info/www/bejne/bamTl3WLa9hmjac

[@dailstancill720]

The Perfect Portfolio Manager! 👍✅️ Stellar share!

[@bellabearmusic]

Big fan of Jay ❤🎉

[@P2Wealth]

Awesome, Me too! Are you using a Buy, Borrow, Die strategy?

[@wann9333]

Amazing interview 👍

[@P2Wealth]

Thank you! Are you leaning to Buy, Borrow, Die?

[@wann9333]

@@P2Wealth I just heard it from this video of yours. Kind a make sense, but I need to learn more about it.

[@P2Wealth]

Hey, watch "How the Rich Pay No Taxes" on this channel. It is the overview for the course. And best way to message me is on my IG or thePerfectPortfolio IG. - Mark

[@dddooley]

Morning I have a question because you're reinvesting all dividends how do you pay back you're loans and you're never selling so where do you get

[@P2Wealth]

Sorry, the answer is Buy, Borrow, Die. We never pay back the debt until we die. Eventually we will live off the borrow button and reinvest all dividends. That is why I had to build an 8 week course to teach it and show how it works. www.propublica.org/video/buy-borrow-die-how-americas-ultrawealthy-stay-that-way

[@dddooley]

@@P2Wealth oh okay, I need to check this course out. Thanks

[@dddooley]

I don't see a course can you send me a link so I can check it

[@SatyaShaw-tb7dm]

When can we recover back our lost principals? Do we need Reverse Stock Split?

[@P2Wealth]

Hey, if you dont like TSLY, try TSLP. Or just buy Tesla... up to you. And only time will tell how YMAX will perform with little NAV loss and high dividends. I have faith in Jay! I do suggest that all should talke to thier financial advisors about how to implement a Buy, Borrow, Die strategy....regardless of the funds you own.

[@thatoneguy4646]

​@@P2Wealth I think the original poster has a legitimate question, when you dismiss their question it seems like you are defending Jay & don't care to know what he would do in this situation. What invest wouldn't want to know a manager's plan? Pretty sad to see that you are close minded & this "interview" is more of a promotion of YM, makes us wonder how much you was paid for them you use you... Would you be willing to ask Jay this question?

[@Tempest.213]

@@thatoneguy4646 Just do a YTD chart and draw a line from left to right following the price movement and its like a 45 degree angle down trend. Lol

[@ForwardThinkingIncome]

17:41 Jay never answered the question on rebalancing.

[@Tempest.213]

there's nothing to balance, they dont own anything, all they do is use your hard earn money to gamble on options and TSLY from $20 drop to $9 and about to do a reverse split. then it repeat, draws more investors to gamble more money lol

[@bobbyk9939]

Do you pay income taxes on monthly dividends you get?

[@P2Wealth]

Hi, ordinary dividends are less taxes than “income” taxes. I also combine these funds with SPYI, GOF and other funds that are tax advantages and pay return of Capital (ROC) which is not taxed and LT Cap gains taxes even on some dividends. I also use corporations, and real estate tax codes to pay little in taxes on other income streams. We show you in our course how to pay no income taxes on even W2 income using real estate loopholes. If you would like the class recording we just did for the Perfect Portfolio message us on our IG page / BIO.

[@rickwalker5203]

Sold TSLY and CONY, bought YMAX.

[@P2Wealth]

Good call!!

[@joannemeeks745]

Can't wait for ULTY. YieldMax keeps hitting it out of the park. ⚾️ 🧢

[@P2Wealth]

Me too! ULTY and THTA combined with YeildMax funds plus Defiance ETFs, plus dynamic rebalancing, plus “Buy, Borrow, Die” strategy may be a money machine. Only time will tell…. Thank you!

[@mom2collegekids26]

What is ulty

[@ForwardThinkingIncome]

23:22 your rebalance buying Tesla one way down is RISKY with any individual stock. Many chase stocks down and it works out but many stocks over the years never recover. That is some serious risk.

[@inquirer1016]

Why is YMAX charging more in fees when it’s not really actively managed since it index all their ETFs?

[@P2Wealth]

They put the money in US Govt securities. Then buy call options for upside and then sell shorter duration calls or puts for revenue. Have you even watched other videos to understand YM?

[@charlesolinger9735]

Re invest 100% of dividends. That means your going for growth right? Yet not many of the covered call high yield etf's have out performed their parent underlying. It's very fair to compare to the benchmark if your re investing 100% back into the underlying for maximum growth. Now if taking 50% of the distribution and saving it in other investments verses 100% re invested back in thats a different story.

[@mengkham]

True statement

[@P2Wealth]

Hey Charles, I personally use a Buy, Borrow, Die strategy. I always invest more. I always reinvest all my dividends. Ill never sell. The only way ill access cash is to borrow which is tax free. And I borrow to invest more in other asset classes. Im personally buying real estate that Ill rent and collenct tax free income (accelerated and bonus depreciation) which we will reinvest in other cash flowing assets. I highly suggest you join the course tomorrow night and start learning the basics. No charge for the first three classes and the course is only $1500 if you decide to take it. Does that help?

[@InvestingWithAdamK]

Why would offering your course to him help? It seems like he understands perfectly.

[@MStar10]

​@@P2WealthToo bad this doesn't work in Canada? Since there are different rules for depreciation, real estate etc. Any thoughts on how to make BBD work outside of the US? Thanks

[@MarkQuann825]

@mstar10 Buy, Borrow, Die can work with stocks and ETFs in a brokerage account. IBKR is international so I’ve had another student from Canada use them. Buy stocks and ETFs. Never sell and live off the low interest debt. Unfortunately tax codes with real estate are totally different so I can’t help on that

[@DavidO.2001Cobra]

Good video

[@P2Wealth]

Thank you! You should also look at TSLP as an alternative. Less dividend and more upside. Thanks! Mark

[@EarthCreature.]

THTA is really good. Glad you covered it

[@P2Wealth]

Cool!! FYI, the overview for the Perfect Portfolio starts in 45 mins. Last minute, but the if you wanted to join here is the link us02web.zoom.us/j/83425448711

[@ForwardThinkingIncome]

Mark at 7:10 99% of the time is a profit to get 1%. The obvious questions are always ignored. So when the 1% happens and will how much of a loss? A big one I'm sure.

[@P2Wealth]

So wait to see how it performs. The history before the ETF is about 13 years and no down years.

[@Rob-db4cc]

The delta on the option provides an expected resolution at expiration and the options that they sell as covered calls DO NOT have a 99% expected success rate. That is car salesman level nonsense. TSLY took a 145 million loss on the fund in the first year. Guessing the tax forms are going to be big on ROC and small on gains. Just took another decent hit on the synthetic roll.

[@ForwardThinkingIncome]

@@Rob-db4cc i think it is the new game or fad in town.

[@ForwardThinkingIncome]

9:10 keeps preaching DCA. However if i put 100k in their funds with the NAV decay in cover calls and uncertain of distributions amount it looks like over time it would eat away my money. Markets always go in cycles can't wait to see these funds through years of testing. Plus if you DRIP distributions in a non IRA you have to pay taxes on that.

[@P2Wealth]

Yes true, you must pay taxes on dividends. But the perfect portfolio teaches tax avoidance. I just closed on a rental property Dec 29th and I’ll use “accelerated” and “bonus” depreciation, and the “short term rentals” loophole to avoid taxes on all forms of income. I use dynamic rebalancing and combine these funds with SPYI and other ETFs like GOF. My wife and I won’t pay taxes for 2024 snd 2025 because we use other real estate tax codes and we teach them in the course. Does that help? BUY, BORROW, DIE can be done even with index funds and will destroy any other traditional strategy which requires selling which triggers taxes. And, all retirement account are “dead money” since you can’t take a loan secured by the portfolio. Just my opinion and how my wife and I invest… not for everyone but works for us. Thank you for the feedback. Always appreciate it and I hope this gives you idea to improve your finances and legally avoid taxes. - Mark

[@ForwardThinkingIncome]

@@P2Wealth yes I'm open and plan on watching Wednesday class. I work nights so I'll watch later. Looking for my email. My wife will be interested in the real estate. She has a condo and 2 other houses. I hate bad tenants personally. I understand the market.

[@1dantown]

Does sofi own thta fund? Are they affiliated to zega, and YieldMax ?

[@P2Wealth]

SOFI asked jay to build and manage the strategy. Just like Defiance... Jay manages the funds QQQY, JEPY, Etc. Not sure is that answers your question but you are welcome to attend @theperfectportfolio overview to learn more... Cheers! Mark

[@asherzelig221]

TSLY is ‘fools gold’. Funny how the gentleman speaking for YieldMax doesn’t like using the term ‘NAV Erosion’. YMAX has good prospects IMHO.

[@P2Wealth]

You may want to try TSLP? I blend some of these funds into my portfolio. And I do hope that YMAX will have little erosion and a strong dividend. But Buy, Borrow, Die can even be done with an index fund and individual stocks. We teach also how to not pay taxes using real estate tax codes.

[@johnreynolds4826]

so what happens when the stock goes down to a dollar or two most people cant wait forever for price to go back up

[@P2Wealth]

Hey, you can always use YMAX which may solve the NAV loss of TSLY since some of YM funds are doing better than the stocks. And checkout TSLP as it has less dividends and may perform better since the strategy has more upside. Hope that helps!

[@mengkham]

Not Income investing fund if reinvesting all the distributions.

[@P2Wealth]

Yes, it is. I always invest and reinvest all the dividends and will never sell. I only borrow at low interest rates. It is called Buy, Borrow, Die and it is from USC tax professor Ed Mc Caffrey. www.propublica.org/video/buy-borrow-die-how-americas-ultrawealthy-stay-that-way

[@echoeversky]

$217.50, NEVER FORGET.

[@Optimus-Prime-Rib]

Do a YMIN to complement YMAX

[@motoarzan791]

FACT: HAD YOU INVESTED $1k, $10k or 100k on Jan 3rd 2023...Your 1 full year over year return was 45% had you "reinvested" all 12 of your monthly dividends on payout day at share price on said payday. Go make your own spreadsheet yourself if you don't believe me!! The share price was down significantly but you would have more than double the shares.

[@P2Wealth]

For sure. Thanks for the information. I think YMAX and Definace ETFs have some good potential when you apply dynamic rebalancing. But they are so new so only time will tell. But one thing is for certain. Buy, Borrow, Die is by far better than any other strategy I’ve come across and it is the one my wife and I use. Thank you for the feedback

[@Rob-db4cc]

Not on my sheet using 13.39 purchase, 11.91 EOY close. It's a return of about 52% doing nothing, taking in the distributions, reducing basis by distributions. With reinvestment, return is -17%. 184 shares at 11.91. 1339 initial with 1305 distributions total invested 2644. Dec EOY closing value 2191 - 2644 = -453 -453/2644 = -17% Looks a lot worse today, ETF at 8-60-9.00 with reinvestment. Can't do the computation ignoring distributions reinvested in your cost basis.

[@P2Wealth]

@@Rob-db4cc Hey, this is more a factor of the movement of Tesla. I ran TSLY, vs TSLP vs TSLA since November (since TSLP started) and they performed about the same. Even when running TSLY vs TSLA on (Portfolio visualizer), they are both negative since TSLY was created (TSLA -3.27% and TSLY -16.94%) but it is more the drop of TSLA that affects the return. If you want TSLA returns, now may a good time to buy after the crash. I only have 5% TSLY and 5% CONY but I also have dynamic rebalancing which helps huge with my GOF, SPYI, etc. I also use QQQY which is doing the best of the Defiance funds so works well with dynamic rebalancing on M1. Does that help? I am looking forward to YMAX as I think it has potential to work better than standalone TSLY

[@Rob-db4cc]

@@P2Wealth Nothing about return compared to others. It's the falsehoods that TSLY has had a positive return with distributions reinvested, either pay or Ex date opening price purchases, For YE 2023. That's the gist of my post. The NAV destruction is more to do with mismanagement of short call strikes than anything else. Take care and good luck.

[@srt8turboawdjeep146]

Every money manager I've spoken with is promising 6% income in retirement and they say the nestegg will continue to grow, die with millions more than you took into retirement ... not one is saying 3.5 or 4%. Same experience all of my friends and coworkers have had. Anyone in here talk with Zega? What do they suggest they will be able to provide in your retirement if you let them manage your retirement savings???

[@P2Wealth]

Great. So they can beat the 4% Rule? Have they put that in writing? So they are smarter than William Bengren? If they are wrong, and you run out of money, will they let you move in with them? :) And, the 4% rule was updated to 3.3%. Also, it depends on sequence of returns. If you have an early crash and take distributions then you are far more likely to run out of money in your 80’s. Personally I’d recommend leaning the Buy, Borrow, Die strategy and buying cash flow real estate. That is what I’m doing. But I do have high hopes for the new YMAX position. But I’ll never sell, reinvest everything and diversity strategies, and the only way to access cash is via low interests loans. That is what the wealthy do and we teach in the course.

[@Rob-db4cc]

Focusing soley on premium yield as this group has started doing is a losing game in a covered call strategy. When TSLA dropped and NAV got hit, they messed up multiple times ignoring the opportunity to rebuild NAV. He even admits that NAV is not a concern in other interviews. That should be a red flag to anyone investing in TSLY. TSLY is down because management didn't stick to a plan, varied approaches and hampered recovery. Are they going to hit investors twice with fees in the cumulative funds. Once in the base funds, tsly/cony/amzy/etc. and in the bundled fund as well? If they do, nice job if you can get it.

[@P2Wealth]

Hey, if you dont like TSLY, try TSLP. No they wont hit you twice with fees.

[@InvestingWithAdamK]

100%. I’d rather sell my own calls against my own stocks than these guys. I should open up a put selling fund. That’s pretty much what they’re doing.

[@Rob-db4cc]

@@P2Wealth Did TSLP boiler plate the TSLY prospectus and change the names. LOL Maybe they can run this type of fund better than YM.

[@MarkQuann825]

@@Rob-db4cc TSLP was designed for less dividends but more upside. Either way, TSLA got hit hard so all of them got hit. I think YMAX will help… only time will show the results. I have many other investments that are not YM… and I also dabble in options. I like the Definace ETFs too. And I may consider a TSLA call option once it finds a bottom.

[@monsterenergyaxe]

Bought tsly at $20 now its worth $9. Lost around 5K. Don't chase the yield trap.

[@DARTHDANSAN]

You should have taken yield max dividends and bought dividend growth stocks

[@smithbry2000]

I always wait a month or two before buying any ETF.

[@Tempest.213]

@@DARTHDANSAN in that case, just buy growth stock to start with, save you trouble.

[@P2Wealth]

May want to try TSLP? Do your own research. Have you researched Definace Funds? Also very new…

[@MrUTonight]

The whole point is to never sell in a few years that will be on the house

[@Leonard-eb4uf]

Need to put a black hat on website jay

[@P2Wealth]

Buy, Borrow Die. YOU CAN DO IT WITH STOCKS, ETFs, INSURANCE, REAL ESTATE, ART AND OTHER ASSETS. CHEERS! MARK

[@nelsonfarrell5307]

I would not waist my time with ym you will lose all your money

[@P2Wealth]

Okay, then try TSLP? I also use SPYI, GOF, and with Dynamic Rebalancing it has some great potential. JEPI and QQQY are also doing very well but still too new. Thank you for the comments

[@ijenkins75]

So do these only make profit when the market is bullish?