Bad news: I got laid off last Wednesday. I hadn't even been in the position for six months yet.

Good news: I got an offer letter for a new position today. $5K more than the last one and I still get to work fully remote.
Plus I'm getting 60 days' pay + two weeks' severance so I am basically collecting two paychecks for the month of September.
[Reply]

Congrats man, that's awesome.
[Reply]

Thanks. I never thought I would be thankful for getting laid off, but the timing is pretty much perfect. Hopefully the new gig lasts longer.
[Reply]

That is awesome news. More money with the new job, still remote which saves money as well, and you get to double dip for a month.
[Reply]

Great news, bud.

Now you just need to get a second gig with your new employer's competitor and you'll be golden!
[Reply]

Congrats. Were you already looking for the new position before you got laid off or it was just that quick finding the new gig once it happened?
[Reply]

I enjoy watching these type videos. There's ALWAYS something you can take away that can improve your life, or your line of thinking to be a little more successful.

I you've got an hour to kill:


[Reply]

Here's an excellent Q&A with the YieldMax fund manager. You'll leave this with a complete understanding of how they work. One of the biggest takeaway's is it's in their philosophy not to have a deteriorating fund like most dividend stocks. Their strategy is a game changer.


[Reply]

What happens when they can’t pay the dividend?
[Reply]

Watch the video and quit being so ****ing negative.

The YieldMax funds were created for DIVIDENDS.
[Reply]

oh hell yea
[Reply]

BUT MY DIVIDENDS ARE SO FUCKING SWEET!!!!

#totalreturnsmatter


[Reply]

LewDog = The Debbie Downer of Dividends :-)
[Reply]

Here's what I can honestly figure out.

I think something like TSLY works in sideways and maybe slightly down markets, to keep you ahead of the regular TSLA stock as far as total return. Remember, total return is all that matters. I don't give a shit if that's from the stock price or dividends.

However, you will assume much more risk in downside loss in a true bear market with TSLY. Also during a rapid recovery and very bullish pattern, you won't gather the same upside gains that the straight TSLA stock would see and you'll lag returns then.

Just what I can gather from the price action on both.
[Reply]

TSLA dropped from 279 to 215 the last 30 days (-22.93%)
TSLY dropped from 16.74 to 13.37 last 30 days (-20.13%)

That amount of drop in 30 days I would think constitute a full Bear market (For TSLA/TSLY) so we will see what the dividend announcement is for September.

edit : Also the fund manager states on the upside if the underlying stock will increase 5% or less during the 30 day period , they can pretty much capture ALL the upside, but when it grows at a faster pace it will lag.
[Reply]