Here is the monthly update as promised. I apologize for the delay, I have to make this post after my 12hr shift, I couldn’t find the time earlier. Finally I have some peace now to write this post,after all my kids went to bed. Today was Harvest's payday. I recieved $2,333.22 in distributions from MSTE based on the recent distribution cut to $0.075/share. The recent distribution cut didn't feel good tbh but I understand the reasoning behind the cut, it is to protect the NAV of the fund. Harvest can write more OTM calls allowing MSTE to capture more of the upside when the underlying MSTR rips 🚀. Even with the distribution cut,the yield is still pretty high. I reinvested all the distributions back into buying more MSTE shares. Now I have 32,035 shares with an ACB of $7.97. Since all my registered accounts are maxed out, I am only relying on reinvesting the distributions, to lower my ACB. So far I have been able to bring the ACB down from $19 to $7.97, thanks to the BTC bear cycle. The realistic goal for the end of this year is to get to 35,000 MSTE shares and possibly lower the ACB even further. So far MSTE has paid me $51,172 in distributions. Despite the juicy premuims, I am still 6 figure in the red 😂, it's the same old story of my life 🙈.You can see all the proof in the pics attached below. 2 months ago I was down an eye watering -$200,000 and a laughing stock of Blossom. Currently I am down -$174,500 and still a laughing stock 😂🤞 I guess. That's an improvemt of $25,500, not including the distributions. The numbers look much better if you add in the distributions received to calculate the total returns more accurately. But I am lazy and tired, ain't Nobody got time for that, lmfao😂. I am sure there are many smart people here on Blossom, who will be able to calculate the total returns far more accurately than I can. Honestly at this point I don't care, one day I will see GREEN 🟢, its been soo long seeing just RED 🔴. Recently $BTC ,$MSTR/ $MSTE have been on a 🚀 tear lately and I am loving it. Hopefully the bull run for the next 3 years cycle will bring outsized performance to my portfolio. Hopefully I get to see new ATH. My conviction in MSTE still stays the same, I am one stubborn Bull 🐂, I dont panic or budge from my conviction / decisions that easy. I have already crashed and burned, now it's time to rise from the ashes and shine bright like a Diamond💎 🙈 lmfao 😂. Fair warning 🛑🛑, never follow me, just enjoy my roller coaster journey, or you will get burned. I have no finance background to back my investing decisions. Nor will I ever ask you to buy my MSTE 101 course for a small fee / donation of $1000 lol 😂😎. You can enjoy my endless rants for the upcoming few years for free, till I am officially in the GREEN. Tread these crocodile ($MSTE)infested waters carefully at your own risk. I wonder how the portfolios of other MSTE whales of Blossom @garygill@adrian_pii@monthlymint@ccetf@anbha@onmargin and many others that I can't even recall are doing. I am just a small tuna fish compared to them. Anyways that's it for this update, I am tired now, goodnite 💤💤 See you next month with another update, till we meet again, stay Blessed and keep hustling.
244 views
3 Comments
yield @yield · 50m
Bon Bitz@mr.double.b · 56m
Glad to see your update this month. Looks like your ACB went down .16 snd that is good.
MS @msteb · 58m
Salute!
See the full comment section 👀Sign up for the full Blossom experience!
