• Invest Ethics, YieldMax's MSTY vs CONY & Prioritizing Personal Growth - Ep 20

  • Sep 12 2024
  • Length: 31 mins
  • Podcast

Invest Ethics, YieldMax's MSTY vs CONY & Prioritizing Personal Growth - Ep 20

  • Summary

  • Tony trooped it out for Monday's episode via Zoom but unfortunately, he was too under the weather to be here for this one. SO In this solo episode, I dive into YieldMax's new strategy for their Coinbase ETF (CONY) and compare it to their Microstrategy ETF (MSTY) and explain why I chose MSTY over CONY to invest in. Also, I revisit our Invest Ethics that have shaped our investing/trading strategies, how they apply now and how you can apply them to your philosophy. Finally, the most important part of this episode to me personally is the fact of balancing our need for money with the need for personal growth. Money can only take us so far and if we solely focus on that, chances are we never grow into the person we are supposed to be. “Your income rarely exceeds your level of personal development” This quote from famous speaker forever changed my outlook on this. Thank you to everyone for the continued support! God is Good

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    Key topics discussed:

    * YieldMax's new strategy for their Coinbase ETF (CONY)

    * Comparison of CONY vs MSTY YieldMax ETFs

    * Balancing investing with personal growth and fulfillment

    * Emotional management in trading (green vs red days)

    * Our Invest Ethics

    * Importance of independent research and decision-making in investing

    * Reflections on personal trading experiences and lessons learned

    * Transition from options trading to futures trading

    * The value of learning from both successes and failures in trading

    * Balancing financial goals with other aspects of life (family, faith, etc.)

    * The importance of understanding companies before investing in them


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    Sources For This Episode:


    CONY

    https://www.yieldmaxetfs.com/our-etfs/cony/


    MSTY Yahoo Finance Profile

    https://finance.yahoo.com/quote/MSTR/profile/


    CONY Yahoo Finance Profile

    https://finance.yahoo.com/quote/COIN/profile/


    Warren Buffet Biggest Mistakes

    https://www.investopedia.com/financial-edge/0210/buffetts-biggest-mistakes.aspx


    Call Credit Spread

    https://www.investopedia.com/terms/b/bearcallspread.asp


    MSTY

    https://www.yieldmaxetfs.com/our-etfs/msty/


    YieldMax Official Website

    https://www.yieldmaxetfs.com/

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    Disclaimer: This podcast is for informational purposes only. The information & opinions expressed do not and should not be considered to constitute an offer to buy or sell securities. We are not licensed financial advisors. The information should not be relied upon by any person to make an investment decision. Seeking legal counsel is strongly suggested.

    Our Mission To innovate, impact & inspire current & future visionaries by empowering them to master their finances & time, enabling choices driven by desire not limitations.

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    More about Us: https://www.letssavetogether.com/pages/ourmission

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