ULY
Urgent.ly Inc. Common Stock
stock NASDAQ

The foundation of your portfolio is exceptionally strong. The overwhelming majority is in low-cost, broadly diversified S&P 500 ETFs (SPY, VOO) and a high-quality dividend growth ETF (SCHD). You are a disciplined investor who started early, has built a significant portfolio, and is prioritizing solid long-term fundamentals. Your annual dividend income of over $15,000 is a testament to this discipline and puts you far ahead of most people your age.
The minus comes from the high-risk, speculative nature of the Yieldmax holdings (ULY, MSTY). While they are a small percentage of your total portfolio, their high-yield, capital-at-risk structure is a contradiction to your long-term goal of building a sustainable, ever-growing income stream. Why risk this extra income, to lose NAV.....????
Stop adding to your Yieldmax positions. As you invest new money, direct it towards your core holdings. Over time, consider reallocating the money in your Yieldmax holdings to your S&P 500 ETFs or to a dividend growth ETF like SCHD or **Vanguard Dividend Appreciation ETF (VIG)**. This will prioritize building a durable, growing income stream over a high-but-volatile one. The distributions are **not dividends** in the traditional sense. They are premiums from options sales and are highly dependent on the volatility of the underlying stock. They are **variable and not guaranteed**. PEOPLE GET THIS MIXED UP. THEY ARE NOT DIVIENDS, THEY ARE OPTION PREMIUM FROM THE SALE!
You currently hold both **SPY** and **VOO**. These ETFs are virtually identical!!!!!!!!!!! They both track the S&P 500 index and have very similar performance. Holding both creates unnecessary complexity.

The foundation of your portfolio is exceptionally strong. The overwhelming majority is in low-cost, broadly diversified S&P 500 ETFs (SPY, VOO) and a high-quality dividend growth ETF (SCHD). You are a disciplined investor who started early, has built a significant portfolio, and is prioritizing solid long-term fundamentals. Your annual dividend income of over $15,000 is a testament to this discipline and puts you far ahead of most people your age.
The minus comes from the high-risk, speculative nature of the Yieldmax holdings (ULY, MSTY). While they are a small percentage of your total portfolio, their high-yield, capital-at-risk structure is a contradiction to your long-term goal of building a sustainable, ever-growing income stream. Why risk this extra income, to lose NAV.....????
Stop adding to your Yieldmax positions. As you invest new money, direct it towards your core holdings. Over time, consider reallocating the money in your Yieldmax holdings to your S&P 500 ETFs or to a dividend growth ETF like SCHD or **Vanguard Dividend Appreciation ETF (VIG)**. This will prioritize building a durable, growing income stream over a high-but-volatile one. The distributions are **not dividends** in the traditional sense. They are premiums from options sales and are highly dependent on the volatility of the underlying stock. They are **variable and not guaranteed**. PEOPLE GET THIS MIXED UP. THEY ARE NOT DIVIENDS, THEY ARE OPTION PREMIUM FROM THE SALE!
You currently hold both **SPY** and **VOO**. These ETFs are virtually identical!!!!!!!!!!! They both track the S&P 500 index and have very similar performance. Holding both creates unnecessary complexity.