80% yield is a red flag for me. Good for them if they can produce that much income for their shareholders but it’s too risky. If their dividend even hinted at dropping, it would crush the price. Most likely the price would drop well before any dividend drop would be announced.
Buying this ETF is risky enough but don’t use leverage to increase your exposure. Now if it’s play money for pure speculation or gambling, then why not. But don’t bet your life savings on an early retirement dream. Many have gone bankrupt chasing that dream. And I’m saying this as someone that’s dripped his toes into a few very speculative crypto plays that “only” paid 15-20% yield.
Last points. If someone had a strategy that could provide that much income, why hasn’t Wall Street flocked to their etf resulting in a much higher price and resulting reasonable yield? And weekly distributions isn’t a positive in my eyes. It only increases the risk on what would happen after their strategy fails after a few bad weeks.
dont put more than 1-2% and definitely not more than 5% of your total investable portfolio into this. Please don’t talk others into this, especially friends and family.
edit: or was this all satire and I fell for it?