Just added another 2k MSTY shares (4k total) to my dividend account. Next drop July 3rd. Decided against reinvesting dividends, in case the experiment is too good to be true too soon.
As long as we continue to see a healthy NAV decay in times of low return, I see it as sustainable. You can actually get a better yield doing it manually, but you may have to take on more risk....and will be less able to withstand prolonged downturns.
It's averaged 2.55 while MSTR price has run the gambit. If there is a rally to aths with a substantial push vol will return, except that didn't happen last week when we broke ath's. I think vol reflects the sentiment that this is exhausted...RSI showing weakness too. https://www.coinglass.com/pro/i/bl
I'm not finding anything to trade in my short list of usual stocks, everything is too high and times are extremely volatile. MSTY suddenly looks very interesting as a short term month to month investment. Just bought another 2k shares to hold for the July 3 drop and figure things out then. I may buy another 2k before then.
This is a long term hold for me...its about income not capital. I don't care if my capital drops 50% if I am collecting 80% yield on my shares.
So I take you reinvest dividends? It makes sense if you believe this thing won't collapse before the rest of your life. I may do that once I've recouped my investment in 16 months.
No Drip but manually adding excess cash. I wish you could drip a % of the position instead of all or none.