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Roaming Returns
Learn how to generate a passive income through investing, so you don't have to wait until retirement to live your passions. We used to think you had to either save for 30+ years or choose to live now and make up for it later. Well, it turns out that you can have it all with the right strategy.
We tired to do things the conventional way but just couldn't stifle our wanderlust. After giving in and making a lot of financial mistakes, we stumbled onto an amazing way to invest for cash flow. It's now our goal to share all of the ins and outs of our investing strategy along with other financial considerations that may go into creating your ideal lifestyle. New episodes drop every Tuesday.
Roaming Returns
056 - Which Yield Max ETFs Are Worth It And How To Reduce The Risk When You Buy
A lot of people avoid high yield stocks like the plague, but they aren't all bad.
Yield Max ETFs pay you crazy high dividends from the profits they make trading options on popular stocks. Some of these yield over 100%.
Not all of their high earners are worth your dollars. We've been experimenting with these for over 9 months and have some top picks.
We've also come up with a strategy to reduce your risk. When used right, the extra money from these ETFs can help you buy a lot more shares of the good stuff.
Top Yield Max ETFs
- NVDY
- AMZY
- NFLY
- FBY
- MSFO
- CONY
- GOOY
- JPMO
- XOMO
And if you want to reduce your risk even further YMAX is like an index of all of their available ETFs. (27 at the time of recording)
Just make sure you avoid TSLY and be skeptical of some of the others we talked about. They're not following the underlying stock they trade options on... which we find troubling.
This is an update from Episode 26.
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**DISCLAIMER**
Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here.
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