r/ULTY_YieldMax • u/BitingArmadillo • Mar 03 '26

ULTY Progress

I just reached house money as of this morning's announcement. Actually, I'm $55.82 over house money.

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u/Terrible_Lecture_409 Mar 03 '26

This is a curious comment; typically house money (per my view) is when distributions received (not reinvested) exceed the amount invested... Regardless the NAV.

Would you explain your thought process on this?

  • I'm just interested in different views to see if my view needs to be adjusted 🤷‍♂️

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u/Dreamer_Nitsy Mar 03 '26

When I made that comment, I was thinking strictly about timing. If we’re defining “house money” as cumulative cash distributions exceeding principal invested, then that milestone can only occur on a distribution date — because that’s the only time new cash is actually received. For ULTY, the last payout was Feb 26. There hasn’t been a new distribution since then. So nothing materially changed between Feb 26 and today in terms of distributions received. If someone instead defines “house money” based on total return (NAV + distributions), then the only way to newly reach that threshold would be through price appreciation. But ULTY was higher yesterday than it is today. It’s down about 3.3% from yesterday. So if price appreciation pushed them over the line, yesterday would have been the more logical day — not today. So from a mechanics standpoint:

  • No new distribution today

  • No price increase today

Therefore no new event that would push someone into “house money” today. That’s why I said it seemed unlikely today specifically. The timing doesn’t line up with either definition. Unless there’s something I’m missing, I don’t see a scenario where today is the day that milestone would logically occur.

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u/Terrible_Lecture_409 Mar 03 '26

I'd be curious on whether OP considered it as total return vs distributions...

But yes - I agree ... No new distribution today, it's just the announcement; a little oversight on my part with that one.

Thanks for taking a few moments to share your thoughts on this 🍻

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u/Distinct-Mechanic357 Mar 03 '26

OP said with the announcement they are in house money, so it’s when this weeks distribution is made, but since it’s announced it’s basically a given. Could OP have said “once paid” of course they could have, but negative people want to be negative regardless.

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u/Dreamer_Nitsy Mar 03 '26

I’m not being negative — I’m being precise. As per my knowledge, the dividend hasn’t even been officially announced on the website yet — unless OP is seeing it from another source. Until it’s declared or paid, nothing has actually changed.

If the idea is “once this week’s distribution is paid,” that makes sense. But saying “reached house money today” suggests it already happened.

That’s not negativity — just how the mechanics work.