I made a mistake of buying $COIW , $HOOW & $ULTY at high prices and waited for them to grow via dividend reinvestment. That kinda seems useless right now because my current averages are still very high. My average prices are: $COIW : $17.58 $HOOW : $62.5 $ULTY : $45.75 Are these worth holding or should i book the loss?
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3 Comments
Carmelo Treviso@ctreviso21 · 1h
I feel ya
Luke @midlifereset · 8m
I would never DRIP on most of these weekly paying ETFs. I’d reinvest the dividends in safer ETFs and try and get my capital back that way assuming the original investment will eventually erode. The dividends you are getting are in essence your own money being given to you (Return of Capital).
Selmor @wealthchaser · 1h
I made the same mistake with COIW at 11.25.
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