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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Follow us on Instagram: https://www.instagram.com/letssavetogetherpod

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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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Grab a "Handle Business" shirt or Let's Save Together hat here https://www.letssavetogether.com

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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

Another beginning of the month, another YIELDMAX DISTRIBUTION DAY!!! YieldMax not only funds this podcast but also funded my (Steve) way out of a margin call this week due to Nvidia’s continued sell-off. Managing not only our investments but our emotions is just as important if not more so. And YieldMax’s NVDY & MSTY STILL paying out solid even with their underlying assets struggling speaks volumes about the power of about these ETFs. We dive into Yieldmax as well as the outlooks on the expected rate cuts upcoming, the expectations for the near and long term, Nvidia and tech’s recent sell off and how to manage and control our emotions during these volatile times. THESE ARE THE BEST TIMES TO BUY FOR THE LONG TERM!!!

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Join The Community: https://discord.gg/8uFDCRQw

Follow us on Instagram: https://www.instagram.com/letssavetogetherpod

Subscribe: https://www.youtube.com/@LetsSaveTogetherPod/?sub_confirmation=1

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Key topics discussed:

• Recent market volatility, especially in tech stocks

• YieldMax ETFs September distribution payouts

• Seasonal market trends (August/September slump)

• Nvidia stock performance and analysis

• Potential buying opportunities in discounted stocks

• Upcoming interest rate decision and market predictions

• Long-term investment strategies

• PayPal and Square as potential recovery plays

• Importance of maintaining cash reserves for market opportunities

• Risk management and portfolio diversification

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Grab a "Handle Business" shirt or Let's Save Together hat here https://www.letssavetogether.com

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Sources For This Episode:

YieldMax September Distribution Amounts

https://www.reddit.com/r/YieldMaxETFs/comments/1f9jmah/september_distributions/#lightbox

S&P500 and Nasdaq Stats

https://www.cnbc.com/2024/09/05/stock-market-today-live-updates.html

Chip Stocks Worst Week Since 2022

https://www.investopedia.com/why-nvidia-and-chip-stocks-just-had-their-worst-week-in-more-than-2-years-8707917

NVDY

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

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.

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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

#msty #nvdy #nvda #tsla #goog #mstr #smci

August & September are historically red months and these two have been no different. We discuss the worst starts to September by the Nasdaq & S&P 500 in a long time, Nvidia setting a single day record in U.S. history and 2 of our favorite YieldMax funds that are both around a 25% discount. We discuss what we think Nvidia's future holds and what options we are trading plus the effect of the expected rate cut and why a recession is unlikely. We also share our experiences with NASDAQ futures trading and our newly funded accounts!! We always are learning and we want you all to also so all of this courses we have been learning from are linked below, one from a Wall Street trader and another from a big time futures trader. These are turbulent times but ultimately, the strong survive and this is a great time to continue to add into positions for the long term in YieldMax and the overall market! Make decisions based solely on your own beliefs and research!

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Join The Community: https://discord.gg/8uFDCRQw

Follow us on Instagram: https://www.instagram.com/letssavetogetherpod

Subscribe: https://www.youtube.com/@LetsSaveTogetherPod/?sub_confirmation=1

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Key Topics:

- Recent market selloff and its impact on Nvidia & major stocks

- Analysis of YieldMax products NVDY and MSTY

- Our NASDAQ futures trading

- Potential effects of interest rate cuts

- Bitcoin and cryptocurrency market predictions

- Trading psychology and discipline

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Grab a "Handle Business" shirt or Let's Save Together hat here https://www.letssavetogether.com

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Sources We Used For This Episode:

Nvidia Record Market Cap Drop

https://www.cnbc.com/2024/09/04/asian-chip-stocks-fall-after-nvidia-sell-off-on-wall-street-overnight.html

S&P 500 Statistics

https://finance.yahoo.com/news/asian-stocks-look-steady-china-223858240.html

Nasdaq & S&P 500 Worst Starts to September

https://www.nasdaq.com/articles/defensive-etfs-shine-amid-rough-start-september

Nvidia “Fireworks” Next Earnings Report

https://www.benzinga.com/markets/equities/24/09/40670634/nvidia-set-to-reach-10-trillion-valuation-as-blackwell-expected-to-propel-chip-maker-with-firewo

Patrick Weiland Futures Course

https://onlypropfirms.com/

David Green & Peter Tuchman Wall Street Trading Academy

https://wall-street-global-trading-academy.teachable.com/

NVDY

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

MSTY

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

YieldMax Official Website

https://www.yieldmaxetfs.com/

Nvidia Antitrust Info

https://www.theverge.com/2024/9/3/24235233/nvidia-doj-ai-antitrust-investigation

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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.

----------------------------------------------------

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

#nvdy #msty #nvda #yieldmax