Journey to Financial Freedom with YieldMax: November Update
TL;DR:
I took a personal bank loan to invest in YieldMax ETFs. These investments not only cover my loan payments but also leave me with excess dividends to reinvest, typically in other stocks for added diversification. Since I’m based outside the US, taxes are automatically deducted by my local broker when dividends are received. Plus, this month I’m happy to share my continued progress—my portfolio is still profitable, and I ended up with extra dividends that will help grow my investments even faster.
Recently I’ve started reinvesting into this portfolio, but the details provided here are for the original stock amounts that I bought with the loan, excluding any additional stocks purchased through reinvestments.
Here’s the breakdown for November:
TSLY:
- Original loan amount: $67,500
- Loan balance: $60,028
- Monthly loan return: $1,035
- November dividends: $989 (after taxes via local broker)
- Excess dividends: -$46
NVDY:
- Original loan amount: $13,700
- Loan balance: $12,681
- Monthly loan return: $185
- November dividends: $468 (after taxes via local broker)
- Excess dividends: $283
CONY:
- Original loan amount: $13,700
- Loan balance: $12,380
- Monthly loan return: $185
- November dividends: $977 (after taxes via local broker)
- Excess dividends: $792
MSTY:
- Original loan amount: $8,904
- Loan balance: $8,705
- Monthly loan return: $103
- November dividends: $988 (after taxes via local broker)
- Excess dividends: $885
Total excess dividends: $1,914
The amounts with the reinvests
I use Snowball-Analytics to track my dividends—free for up to 10 stocks. [Snowball-Analytics Registration]
For updates on my entire portfolio, you can find it here: [Full Portfolio Update for November]
Feel free to drop your questions below!