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 ETFsNVDYAMZYNFLYFBYMSFOCONYGOOYJPMOXOMOAnd 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. Questions? Email Tim at [email protected] Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list. Stay connected. Follow us on social! **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. Episode music was created using Loudly.