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I'd suggest checking out the Armchair income YouTube Channel [https://www.youtube.com/@armchairincomechannel](https://www.youtube.com/@armchairincomechannel) It should help you discover how much you might need to construct an income portfolio. Some popular income investments with $700k : * QQQI $98,000 / year * SPYI $84,000 / year * BTCI $196,000 / year I don't suggest going all-in on anything, but the example here can help give an idea on what some assets can yield.
The highest utility from investments comes from cash dividends. you can spend the cash on enacting you need or reinvest it. Growth is nice but it isn't real until you sell it and cover the income to cash. My roth is invested in BTCI 25%, QQQI 13% yield, PFLT 12%, ARDC9%, EMO 9, PBDC, PFFA 8%, ClOZ 8%, UTG 6.3%, JAAA 6%. These investment in my roth generate about 30K a year in the roth. Which I reinvest. IF you use a taxable account the money could be used to cover living expense ore reinvested.
start doing it and reinvest the dividend and make regular monthly deposits if you can. Solana is a bitcoin ETF that doesn't pay a yield. If you really want a yield with bitcoin invest in BTCI. 30% yield and if you reinvest the dividned this fund will grow really fast.
Time to use the brokerage account for investments thant can be bought an sold whenever you want without any of the restriction of 401K and Roth accounts. You could use a high dividend fund to generate income for your 7000 a year roth deposit. And if needed that money could be used to refill your. taxable account. You could also build the income up high enough to cover all of your living expenses. A great unemployment insurance option. Or you would retie long before age 60. I like high yield funds like QQQI 13% yield and BTCI 25% yield. And they are tax efficient. for starters. Over time you could add more dividend funds some with lower yield and or safer yields in bear market.. The other option to is to is to invest in growth index funds. Very tax efficient You could sell the stock to cover large purchases like a home or or car or repairs to them. The best portfolios have a mix of dividends and growth investments.
I started building up DIVO IDVO QDVO BTCI so that I will just sell my VTI VXUS later on to buy more of all of that. At retirement, i intend to have distributions equalling $20K a month and $5K a quarter. Or maybe I’ll dip out at half that. We’ll see.
You could open a new 'income investing account' on another brokerage and put the extra cash into income investments like QQQI, BTCI, BLOX, QDVO \[ this guy has good ideas on income investing [https://www.youtube.com/@armchairincomechannel](https://www.youtube.com/@armchairincomechannel) \]
Everyone keeps mentioning cash savings. but the cash doesn't last long. In 2008 a friend of mine couldn't find a job for 4 years. Most people only have enough cash on hand to last a year at most. A better way to ride through a recession is to have passive income from your investments. IF you have a bond or dividend fund producing 2K a month of income and you cut expenses as much as possible. that could cover you for however long you need to find work. For this to work you want a high yield so that you can quickly build up a passive income stream at minimal cost. 2 good funds for this are BTCI 28% yield and QQQI 13% and both pay monthly and are tax efficient. Additionally this should be done in a taxable account so that there are no restrictions on accessing the money at any time.
I have BTCI in my HSA. Adds $500 a month. When the balance gets a few grand I buy more.
Maybe wait a week on this one, but BTCI. Or pick something smaller than Nvidia. Something in the $5-$30 per share will make your $5K feel like it's going further and let you make more picks
SPYI, QQQI or BTCI if you can stomach more risk.
3 years of money for me is 180,000. if I took all that money and put it in QQQI 13% yield it would generate about 2K a month of income if you are very frugal that income will last a long time. Or if everything is good and you reinvest the money 180k will in 5 years turn into 360K. Which would generate 3K a month. It you switched to BTCI your money would double in 3 years.
I completely agree with you my brother was in good shape financially but after 2008 he was unemployed and was close to bankruptcy when he got a new job. The 6 month emergency fund is too simplistic. Yes you need some savings you can quickly tap for for unexpected large expenses. But you should also have a source of secondary income that will be there if you cannot find a job or have a long recovery from an accident. The best way to do this is to open a taxable brokerage account and and put an interest bearing money market account. And inanition to that add a high dividend fund for secondary income. A good dividend fund for this QQQI 13% yield and tax efficient. BTCI (25% yield) is looking like another promising fund. Don't. t use funds with a history of NAV erosion or other problems. You don't just want high yield you wan't a fund that will last and do well. QQQI pays a dividend monthly and 100K invested in it will generate about 1K a month of income. If you don't need the dividends reinvest them in the money market fund or the dividend fund. And you can add more dividend funds if you wish. So of the dividend income will have to be set asside to cover the yearly taxes. But taxes are always going to less than the dividend income you receive. It will take time to build this. And I am not putting a limit on thesis of the dividend fund. So people will need more money than others to live. Anyone doing this can build up a passive income sufficient to cover all of your living expenses. One alternative aproach is to use growth index fund instead of a dividend fund. But the problem with a growth index fund is you have to sell shares to get income and in a recession the you might be selling at a loss. And once the index fund is gone you have no more money. A dividend fund can generate income indefinitly So after the emergency if over you still have your emergency find.
If you want exposure to btc, buy IBIT or BTCI. Mstr had its time now its stagnant and no longer correlated heavily.
I have IBIT and BTCI.. bought recently
Since you are here. Im holding IBIT and BTCI when BTC hit 123k. Its now 112k. As long as I hold these two, BTC will stay down. But Im gonna hold it til Christmas.
I don't personally plan to use just one asset. I plan to spread it around multiple cc ETFs in various sectors with expected good performance and nav retention plus CEFS, maybe some PBDC, QDVO, and whatever else I find interesting. In addition to sp500 funds and I'll probably keep a reduced presence in SCHD, hoping it fares better in the future than it has in 2025. I have too much in SCHD right now and it's been a drag in this bull market. But hey, it could be an interesting ride if you put $1 M in BTCI getting $250k+ per year income. 😸 Then again that might be too much like betting it all on red. 😇
Certainly. If you bought QYLD or RYLD, then imo you bought stinkers. They are not properly structured to resist nav erosion and are destined for the dump. At least imo. I hold a number of cc ETFs from both NEOS and Goldman and have been quite happy with them. So far. I understand your angst regarding cc ETFs after your experience. I think JEPI and JEPQ began a more modern approach to cc ETF investing that was more sustainable. But imo, both NEOS and Goldman have improved on the formula. I sold my JP funds in favor of the NEOS and Goldman cc ETFs. And I did something I swore I would never do. I've never been a bitcoin fan and vowed to never touch that sector. But I can't deny that Bitcoin offers opportunities, regardless my resolve to steer clear. I watched an interview by one of the NEOS co-founders (either Garrett or Troy) where they were discussing their cc ETF for the Bitcoin sector, BTCI. I was impressed enough that I bought some. And I've been very happy with it so far. 🤷♂️ I only have about 15% in cc ETFs at the moment. But they have blown away SCHD, one of my core staples during this bull market. Unfortunately that's not saying much since SCHD has been so flat this year. 😬
Throw it into BTCI and QQQI. You are done bro.
Take profits and put into a high yielding dividend ETF like BTCI and buy other stocks using those dividends.
But you didnt sell BTCI at BTC-USD at 113 only to watch it zip past 120k in the next two days.
Made $150k on OPEN. I am thinking of tossing the entire chunk into some high income options ETF like MSTY, or BTCI and see how long it will last.
Mostly QQQI and QQQT, some small exposure to ETCO, MSTY, BTCI
Mostly QQQI and QQQT, some small exposure to ETCO, MSTY, BTCI
Erm, at least put it into something that is dumb/risky, but also generates dividends like BTCI.
Best resources that I've seen are: * r/dividends * Income investing Guru: [https://www.youtube.com/@armchairincomechannel](https://www.youtube.com/@armchairincomechannel) And the best overall ETFs I've seen are typically from NEOS: * QQQI - Nasdaq-100; 14% Yield * IAUI - Gold; 12% Yield * BTCI - Bitcoin; 29% Yield
crypto doesn't earn interest. it just sits in an account and you hope it will become more valuable over time. Furthermore when you need money you likely have to convert it to dollars first. in my option the best way to invest in Crypto is to use a covered call bitcoin fund like BTCI with a 25% yield. %hiw rune will pay you cash in dollars each month. You can then put the cash in a savings account or reinvest it. Or use it for some living expenses.
I hold 7 stocks in one of my IRA, bought them two weeks back: AMZN, FUBO, ASST, BTCI, IBIT and AVGO and ANET. Five of them were a loss in the last week and I had to sell.
What I would do with cash is put it in a taxable brokerage account and turnoff automatic dividend reinvestment. The cash from the dividned can be placed in HSA, HYSA, or money market account. After that any excess can be used to used for personal needs mortgage, roth, or held as cash for emergencies. Or some could be invested With a fund like QQQI 13% yield your account could push out a lot of cask per year. 100K at 12 would generate $1000 a month. And QQQI is a tax efficient account. The fund takes steps to lower the tax on the dividends you recieve. SPYI is similar but 11%. EMO and PBDC 9%, PFFA 8% or you could just go with a utility fund UTF and get 7% IF you want to take risk There is BTCI which has a yield of 25%.
You might be able to turn it into a Roth or Traditional IRA (check with the institution that currently holds it). Then you could invest in whatever you like. Common (safer) growth investments: \[**SPY/VOO, QQQ, SCHG, SPMO**\] Common (decent) income investments: \[**QQQI, IAUI, BTCI, GPIQ**\] (Check r/dividends for more ideas)
If you want a Yield on your capital, the 'income investing' space is growing rapidly. Here are some example investments: * QQQI - Nasdaq-100; 14% Yield * IAUI - Gold; 12% Yield * BTCI - Bitcoin; 29% Yield And I really like this guy for more income investing ideas (Yield 8+%): [https://www.youtube.com/@armchairincomechannel](https://www.youtube.com/@armchairincomechannel)
Something like BTCI but one for eth and one for sol.... Not sure I'd necessarily buy them today... Would depend on options pricing... But would probably buy them eventually.
I am planning to add BTCI to my Roth this year. It doesn't hold any bitcoin but iterates covered calls on a bitcoin index. As a result it generates 25% dividend yield. This is cash in US dollars. Which you can use to buy more BTCI or use the money to buy other investments.
the nice thing about roth is the withdrawals after age 60 are entirely tax free. The bad news is the 7000 per year limit. But there are ways to get around the limit. * You can move money from an existing 401K or other IRS to to roth you pay tax doing this but there is no limit on the ammount. * You can invest in a dividend fund or stock inside the roth There is no limit on how much dividned income in the roth. * Neither of the above option change the 7000 a year deposit limit. * Note there is a taxable income limit for roth accounts. if you make too much money the 7000 a year depsit limit will drop to zero. No you could take a bit of a risk early on in the roth and invest all of your roth account in higher risk dividend funds. Two I really like are QQQI 13% dividend yield or BTCI 25% dividend yield. QQQI basically exceeded that long term average return of of the Nasdaq 100 and the S&P500 index funds. There funds basically earn on average about 10%.BTCI basically exceeds the return of most index funds. Some like yieldmax funds (near 100% yield but these funds have significant NAV erosion so the share price drops every year and as a result the monthly dividend payout gets smaller every year. But the yield stays about the same. So I don't remind them. So take a high yield fund and add money to it every year until the Cash income from dividneds exceeds 7000 per year. At that point you ant urn off autmatic dividned reinvestment and start using the dividned money to buy other less risky funds. other less risky dividend funds. Or you have a mix of dividned and growth index funds. I personally prefer dividned investing over growth investing. SO my roth is mostly dividend funds with a one My dividend funds currently generate 20K of dividend income a year. I was also late starting a roth. But I am also converting my 401K money to the roth. Unfortunately that plus my regular taxable invcomem eceeds the income limit so currently I cannot deposit 7000 a year into my roth. But as my 401K drops over time that problem should eventually vanish.
Nice bro. I sold all of mine and bought BTCI. Maybe house soon.
All jokes aside, these will work : QQQI SPYI BTCI SGOV
If you need income and are willing to part with the principal forever in a worst case scenario, you could invest in a high income ETF like QQQI or BTCI. I'm thinking of something like $100k of the $600k generating between $14k and $28k per year distributed monthly. I don't know how much income you want but this is just what comes to mind as the easiest and quickest way to generate beer money. The rest can go into the safety securities to hold or slowly increase value.
With that kind of capital I'd suggest studying the following topics: 1. Options Trading \[ My favorite options teacher: [https://www.youtube.com/watch?v=bvM\_u91zb3s](https://www.youtube.com/watch?v=bvM_u91zb3s) \] 2. High-Yield (Options Strategy) Dividend ETFs: \[ [https://www.reddit.com/r/dividends/](https://www.reddit.com/r/dividends/) , [https://www.youtube.com/@TheETFGuys](https://www.youtube.com/@TheETFGuys) , [https://www.youtube.com/@armchairincomechannel](https://www.youtube.com/@armchairincomechannel) \] My Favorite (pure) options strategies are Selling Puts and Buying Calls. Which can help you dramatically increase your portfolio value; but really only if you have good strategy. The 'options teacher' link above really helped me become a better Options Trader. My current favorite 'safe' High Yield (options strategy) ETFs are: \[BTCI, QQQI, QDVO\] My current favorite 'less safe' High Yield (options strategy) ETFs are: \[ULTY, NVDW, GOOW, TSLW\] But if you get hasty with options trading you can further deplete your account.
It's ok. Breath take a deep breath and regroup. Stop taking home runs and start building long term. Look into investing and building a foundation. Looking into the magnificent 7 and xl sprds as your foundation. Once that is built Look into SCHD, QQQI, JEPQ and AGNC as low risk stable dividend stocks. When you are ready look into high risk dividend stocks such as BTCI, CVNY, MSTY, CONY. It's not the end of the world I promise just take a bit of time and you will get it back
Currently I’m in SPYI QQQI FSCO ASGI BTCI QDTE ULTY MAGY NVDY. I’m keeping my on OMAH as well, I want to give it a bit more time to get a track record.
You could also invest for dividends in a roth and get all the dividneds plus the 7000 into the Roth per year. For example if you 100K in a roth and put t in BTCI with its 25% yield you could get 32k per year flowing into the account. i use a mix of funds not including BTCI ( I am considering adding it) to get 25K into my roth per year.
If you maxed out your contributions to he roth and 401K then I would in a taxable account invest for dividned income. You could start with BTCI 25% yield. Don't reinvest the dividneds so they go into a money market fund. Build up an emergency cash reserve of at least 6 month of living expenses. any Excess can then be reinvested in BTCI or other dividend funds. slowly build the dividend income until it generates enough cash to supply your rearly roth deposit. Then you could grow the dividned further to cover utility and food bills, Eventually you could build up the dividned income to cover most of your living expenses. Now you have enough dividend income to cover living costs if you loose your job.
you could get teh diversity you want with VTI and VXUS. Go ahead and keep some in a few individual stocks you like. For bitcoin expposure I would go with BTCI and covered call fund that converts bitcoin volatility to income . The high volatility of bitcoin means this fund has a yield of 25%. Turn off automatic dividend reinvestment. TI and VXUS also have a small dividend. The dividend will alll go into a money market fund then on monthly basis you can setup automatic purchases of VTI, VXUS, and BTCI. Se it up so that about 50% of the dividends stay as cash for liquidity. As you get closer to retirment you could gradually increaser the dividend income by adding dividned funds that have yields higher than VTI /VXUS but lower than BTCI. That way you will sufficient dividned income to cover living expenses. The high yield of BTCI will insure VTI and VXIS will grow even i the marketer has a bad year with minimal returns.
If this were a hypothetical me, not you, situation.... I would invest $1m into SPY or VOO and $500k into 70/30 BTCI/QQQI. If it's free money coming in, I treat it like it never existed so I lose nothing if it goes away tomorrow. Not everyone's view, duh. Take dividends to build up a down payment for a year on the bigger house. Use the year's income history to boost my pre qualification stats. Once the lender says, "yes, here's your money peasant", I'd get my drip back on for another year. I'd sell out $50k from the $1m and pickup a single or town unit (not rent controlled units) in the $180 to $200k range. Get the unit stabilized, take $25k out of it, take $25k out of the remaining $950k and get another one. Turn the drip off and pay off both units ASAP. HELOC both units and buy 4 more in the same range. Rinse, repeat. I don't know. You need to figure out what you want to do as far as being an investor or being a citizen with some investments.
#1 -- establish a rainy day fund if you don't have it already #2 -- open a ROTH IRA if you don't have one already and contribute the max amount right now ($7000 for persons under 50). #3 Talk to a CPA about setting up a college fund for your daughter (assuming you want college in her future?) -- putting $30k in that might set her up nicely for college in 20 years #4 - open a brokerage account ideally with the same firm that you open your ROTH IRA with In terms of investments -- your ROTH IRA can basically do anything, and it will be tax-free. Your brokerage account should have tax-friendly investments in it like SCHD. Even doing all of this should still give you a nice chunk of change to start your investment journey -- you have 20-25 solid years to grow your investments. I like a 3-ETF approach of SCHD / SCHG (growth) / JEPQ (income) -- as this is a nice set of 3 investments that can be grown over time. Turn DRIP on in the ROTH IRA and Brokerage acccount. With the Trump administration being friendly to Crypto -- might be worth checking out a bitcoin ETF like BTCI.
Honestly, why not have a mix of both? I have both SPY and QQQ based etfs as well as a sizable SPYI, QQQI, IAUI, BTCI, and IDVO dividend portfolio. The main draw for me on dividends is that my career path is fairly unstable and I can just turn off DRIP on my dividend stocks to help support income in the case of job loss instead of selling shares at a possible loss.
You can make \~180 weekly if you buy MUGY, BTCI or similar high yield etfs.
Investing in BTCI is more risky then just investing in normal equity ETFs. He's looking for alternatives with less risk, not more!
The solution to this cash reserve problem is not to use cash or growth index funds as a reserve for a market down turn. Instead consider investing your cash and taxa able brokerage holdings into dividend funds. For example if we take your 150K of cash and reinvested that for dividned. Now with 150K we cannot get enough cash to provide 9K a month. but with BTCI 25% yield you could get 3K a month of income Now normally I would recemond QQQI with its 13% yield due to my risk tolerance. BTCI is the maximum yield I would be comfortable with. But with your cash and taxable brokerage invested in BTCI you would bet very close to 9K a month. If you just use the cash in BTCI and reinvested all the money back into BTCI you will have 300K in BTCI and would have an income of 6K a month. If you don't need the money reinvest it in other funds to reduce single fund risk. or you could use the money to pay off a home loan or any debt you have. Reducing your living expenses. The key things to remember about dividneds is that the money is from the companies profits. And ever in 2008 and the dot. crash most companes were still profitable and still payed their dividends. I retired at 55 and I invested in QQQI 13% Yield, ARDC 12%, SPAYI 11%, EIC 11%, PBDC 9%, UTF 7%, SCYB 7%, UTG 6.3%, PFFD 6% FAGIX 5%. A mix high yield and lowe less risky yields And I still have 50% of my portfolio in growth index funds. My living expenses are about 4K and I currently get 5k from dividends so 80% of my income covers my living expenses with the remaining 20% being reinvested for more income. Now if there is a correction in the market most of my dividend income will continue. But if not I can sells some growth for additional income. A good book to read is the income factory. And armchair income on you tube invests the same way but does good reviews of funds that can be used for income.
Decent strategy. But I like monthly dividend paying ETFs. Curve balls are like BITO,YBIT. They are risky but with like 2.5k on each. $100 a month almost 98% guaranteed on each. From there a more secured option is BTCI…pays around the same as VOO monthly because again..bitcoin related. Invest a lot heavier because it’s a lot safer. Last time owning almost 180+ shares it gave $283 that month alone. I had to unfortunately sell since I changed investing strategy. For fast gains…putting a lot more money than I was comfortable having out there. I like a pile for unexpected expenses and all. So I met my goal and now I can invest on my next paycheck as much as my heart desires. $800-1k per paycheck. I am looking for the four towers of high yield dividend ETFs and stocks to push a strong money supply out of my investments early on. Then with my constant 2x a month investments of my own money to then start buying the good stuff easier with all the generated income. I stopped but this year I clocked in 1k in dividends with very low money in. 95% -SPYI -BTCI -JEPQ/QQQI -JEPI/O 5% MISC. -crypto: XRP,HEDERA,AVAX -weekly paying ETFs -curve balls: XOEF(dividend payments have not been announced for it being soo new to the market), calls, penny stocks with some DD. -crypto futures: BITO, BTCH. BTCH is two years old but does one payment of $20 a year…buy some 50 shares at some point and see if I get $1k Christmas gifts every year.
IF you want to hold bitcoin invest in BTC. If you want income from bitcoin without MSTR exposure Invest in BTCI (25% yield).
I mean its total equity is 2700$ at this point. Putting it on QQQI or BTCI would be reasonable for an account above smallstreets level imo. I'm really optimistic at this point for these
TRMD is the only non meme on here. If that’s what you’re going for, that’s fine you can potentially make money that way. I would seek more stability and have a much smaller portion in the meme stocks. If you want divs, put a bunch in QQQI, BTCI and IWMI.
They are all decent fidelity funds with low expense and there is nothing wrong with them. for fund today we have Mutual funds. ETF, And CEFs. Mutual funds are not traded on stock exchanges, So you have to buy shares of the funds directly from the natural fund. So it is a little slower buying and selling. these funds distribute yearly dividend and occasionally a capital gain distribution. The ETF (Exchange traded funds) like stocks are traded at exchanges so buying and selling is faster. These distribute dividend but no capital gains distributions. So they are slightly more tax efficient than mutual funds. But in a roth there are no taxes. The first ETF was ceased in the 90s and now ETF are replacing mutual funds. Otherwise they are very similar to mutual funds. One note, ETFs and mutual funds increase the number of shares when the fund is growing. So the number of shares available on the market is variable. CF (Closed end fund) are structured just like business. This means the shares in circulation are fixed. This has the advantage of increasing the dividned slightly but it also increase the expenses. The also have a bit more flexibility in how they invest there money. You are basically investing your money in growth index funds. which will work. But Roth accounts arelimted to 7000 a year deposit. So aver 20 years you likely will have about 1/2 a million in the roth. It is however very helpful to add a high yield dividend fund to your roth. IF you add a fund that generates 1000 a month in dividneds you are effectively increasing the deposit limit to 171% (7000 a year you deposit plus 12000 a year of dividned deposits. This can easily push your fund past 1 million in 20 years. I have been using QQQI for this in my roth. It has a 13% yield. However next year I will be adding BTCI to it which yields 25% That can push the roth well past 1 million in 20 years.
right now you have two choices, open a a roth or a taxable account. I don't know if you have access to a 401K. I am assuming right now you don't. with 800 a month you and the roth depoist limit of 7000 you will have enough to open a roth and taxable account. Max out your roth every year. Most just invest in growth index funds Like S&P500 index funds. but with he deposit limit in 20 yours you would longly have about 500K available for retirment and it would not generate any meaningful income. In my opinion The best Roth investment is a high yield dividend fund like BTCI 25% yield. In 20 years you will have about 3.9 million in the acount producing 900K of dividned income a year. Yes there are some risks with a yield at 25% but it is the highest reasonable safe yield I know of. Realistically in 10 years i would start diversifying your investments in the roth. I am currently investing in QQQI 13% yield, ARDC 12%, SPYI 11%, EIC 11%, PBDC 9%, UTF 7%, SCYB 7%, UTG 6.3%, PFFD 6%. All would would make good additions to your roth when you start diversifying away from BTCI. And all are good choices for a taxable account. Once you reach the 7000 limit in the roth open a taxable account and start investing for dividends. The purpose of the taxable account is to give you a backup source of income. having a lot of dividend income is great backup in case your are unemployed or cannot work for medical reasons. I am following an investment stratagy similar to the book The Income Factory. Armchair income on youtube also follows this stratagy. Both list the funds they use or have used and that that is 100 in total. Armchair income also does detailed reviews of his investment choices. Which give you a good look at why he picks the funds he insists in.
I would invest the money in a high yield dividend fund That way the income could be used to help stabilize your life. I think BTCI would be a good start in your case. You can reinvest the dividneds back into BTCI. Or you could elect to take the money as cash. Then monthly about $200 would appear in the acount. You could use that to cover some of your living expenses or reinvest it for more income. You could gradually build up the fund to generate more money.
>When it comes to expense ratios of ETFs, is that something I pay? Like, if I buy a 50 dollar ETF, so I buy one share of it, and the expense ratio is .5, does that mean I'm paying 25 dollars on that purchase? (sorry if my math is horrible, I sucked at math in school lol). Basically, are there fees that I'm paying every time that I buy a share of an ETF? Expense ratios are fees that are taken out of the fund. So yes, you pay it, but not directly. It isn't a purchase fee. There are purchase fees sometimes, which to to the brokers. In the US we've largely moved to free trades. Expense ratios are taken out continually over time, which means you keep paying them. 0.5 is 0.5%, not 50%. But it has a lot more impact than you might think: https://www.bogleheads.org/wiki/How_much_do_you_lose_to_annual_fees_after_many_years%3F >Is Stash a good program to use long term? Or are there better apps/websites to use? It looks like you pay fees: https://www.stash.com/pricing Vanguard, Fidelity, Schwab, etc won't charge you any fees. >And can I switch my portfolio from Stash to another program, or how does that work? Yes, you would give your account information to the new broker and they'll handle transferring it over. You might pay an account closure fee. >I've heard good things on YouTube about high income ETFs like QQQI, BTCI, SCHD (not sure if that one is high income dividend?), JEPQ, etc etc etc. Are there things I need to be aware of about these kinds of ETFs that would inform me about the risk? YouTube incentives getting views, not presenting accurate information, and thus is a poor place to learn about most things. For a fund like SCHD, you need to be aware of https://www.investopedia.com/terms/d/dividendirrelevance.asp . For some of the others, what you're getting with a covered call strategy is income in exchange for losing the upside of gains; so the expectation is you'll make less than by holding the underlying funds. Once you get to the point where you've made your money and are withdrawing, it might be appropriate.
Hi there, just a few questions: I'm fairly new to investing. I'm currently using Stash as it's a pretty user friendly/beginner friendly/lets you buy parts of shares as I'm not trying to buy whole shares every time. I'm wanting to get more seriously into investing as I'm 38, single, and don't really have any financial goals I'm aiming for currently (screw buying a house at this point lol). I'm wanting to save long term for retirement, but I'm also hoping to make decent income monthly off dividends. I know those two are kind of at odds with each other as you can get small dividends from a lot of growth ETFs, but higher dividends from income ETFs. I've been watching a lot of YouTube videos on this lately, though I take it with a grain of salt because, I mean, it's YouTube. So here are my questions: 1) When it comes to expense ratios of ETFs, is that something I pay? Like, if I buy a 50 dollar ETF, so I buy one share of it, and the expense ratio is .5, does that mean I'm paying 25 dollars on that purchase? (sorry if my math is horrible, I sucked at math in school lol). Basically, are there fees that I'm paying every time that I buy a share of an ETF? 2) Is Stash a good program to use long term? Or are there better apps/websites to use? And can I switch my portfolio from Stash to another program, or how does that work? 3) I've heard good things on YouTube about high income ETFs like QQQI, BTCI, SCHD (not sure if that one is high income dividend?), JEPQ, etc etc etc. Are there things I need to be aware of about these kinds of ETFs that would inform me about the risk? I know that they aren't growth ETFs necessarily and so I could buy in at 40 and it tank to 20 dollars per share, but I still get good dividends or what not. But what do you guys think about those kinds of ETFs? Thanks! I think those are my questions for now. I have 1000 I want to invest soon and I'm going to be splitting it between a few things. My initial thoughts was to buy some shares of Coke and put a little into Microsoft (I don't want to buy a lot of individual stocks, but these are fine to me. I'd rather do ETFs mostly), put about 200 into SCHD, maybe add 200 into my VOO investment (currently just doing 5 dollars a day into VOO), and then was wanting to split the rest around some of those high income ETFs. That way, I'm a bit more diversified, I have some growth ETFs, some income ETFs, and a couple individual stocks that are decently consistent. How does that sound to y'all?
Apologies, I'm not sure what this means: "BTCI a covered call fut that uses bitcoin"
I personally would not invest in bitcoin it self but ai am considering buy BTCI a covered call fut that uses bitcoin to generate 24% dividend yield. That puts cash directly into my account.
Yes there is over lab but it probably not bad for you. To degrease overlap you could add VXUS which basically invests in foreign stocks but avoids the US. Instead o FBTC I would suggest investing in BTCI It uses covered calls to extract income from the bitcoin market. dividend Yield is about 20%
I like this option. At current rates, 10k in BTCI will double every 3 years. So in 12 years that $10k will likely be $160k. Or not. In comparison, $90k in voo with 10% growth will be worth around $290k in 12 years. Or not. No guarantees in this life. But reasonable assumptions say this is likely to be expected.
Niice. I personally do BTCI. It’s been keeping up so well and the income is well appreciated
I have a little in BTC. Its tripled since I bought it. I may start looking into BTC covered call ETFs like BTCI that let me get income (in $) from BTC exposure. That way, I could use the income (taxed as return of capital) to start positions into other funds and ETFs.
Anyways, I started buying more BTCI
1. SPMO ETF - Best performing growth ETF of the last few years. 2. HOOD - Only individual stock I own right now. I see huge growth for them in the future like owning JPMorgan, Coinbase, SOFI, Visa / Mastercard in one stock. 3. JEPQ ETF - 12% yield with no NAV erosion. 4. BTCI ETF - offers about 25% yield and is the only Bitcoin income ETF that holds actual Bitcoin. I might start adding Amazon as well
QQQI has treated me well. Got .61/share for June. BTCI is doing the best dividends, did 1.40 this month a share.
Diversification is part of risk management and risk takes various forms. Market risk, risk of default and risk from inflation are your main ones. Lower credit rated bonds have higher risk of default, long term bonds lose value if interest rates increase and dividend and other equity based income has market risks in addition. Short term bonds and money markets are the safest and should be held to cover your short term cash needs, equity based income has market risk but if you can hold for two to five years then you can ride out market swings. I am retired and keep about two years of withdrawals in my safe income bucket, I have most of my income bucket in riskier things like SCHD, JEPI, O, ARCC and smaller amounts in SPYI, QQQI and JEPQ. Tiny amounts in BTCI and MSTY to watch and learn these newer types of investments. I feel the diversity mitigates the risk and my small pension and SS also function as low risk fixed income. Spend some time learning about any investment, don’t just rely on internet self described experts.
Put it all into BTCI and get cash flow.
Short selling may only provide occasional income. For cash you want regular earnings. I would put some of your cash in a fund like QQQI with a 13% yield. Or you could use UTF 7%, PFFA 8% PBDC 9%, SPYI 11%, EIC 10% or ARDC 12%, or BTCI 24% But keep in mind you loose some liquidity when investing in these funds. Meaning if you need to withdrawal all the money you would have to sell shares, which takes a few days, and pay taxes on any capital gains. There is the possibility that you might sell at a loss. But with dividends you can build a contininous stream of income. Using funds like this I have drevolped an income protfolio and gernates 5K a month. Most is used for living expense and any excess is reinvested. I retired at 55.
What if you set up an account that deposited money into her bank account. You could setup a high yield dividned fund in that deposited money in here account. you could invest a just enough money to create a noticeable. 200 in BTCI should do it. and if you could somehow without here knowledge send it to here account without her noticing. She would eventually a small monthly deposit and start to wonder about it. At which point you could admit you did it.
some people are happy with index investing. Others are more interested in dividend investing. Since index investing is very popular. But perhaps it is not a good fit with her personality. You could try investing some money in your account in QQQI. It is an income fund with a 13% dividend yield. Which is about 3 times higher than most money market accounts. If you had 100K invested in QQQI this fund will generate 1000 a month of income This might interest her. QQQI has a decent reasonably safe yield. But there is BTCI with a 24%yield. higher risk but mighty be good enough for a demonstration in your account. you could invest %100 in the fund in your account and turn off dividend reinvestment. The dividends will appear as cash in the account each month. I personally didn't have interest in index funds. i did well with my investements. But I have now found I find dividned investing more interesting and I have built up a dividend income of 5000 a month. There is a book called Thie Income factory that is a good guide for this style of investing. ArmChair income on youtube invests the same way.
It is a very good idea but SCHD is not the best choice for this. They yield is very small. 100,000 in SCHD would only earn about 325 a month. Only enough to buy a little food or and maybe cover your utility bill. I did what your are proposing. I would use QQQI. QQQI has a higher yield 13% and the fund management takes steps to reduce the tax you pay on the dividend you receive. This ould generate about 1000 a month from your 100K deposit. Do not automatically reinvest the dividends. Instead they will appear as cash in your acount My brokerage put the money in money market account. Use the cash to pay billls or rebuild your emergency fund. At this point you have self refilling emergency fund. it will refill slowly but it will rebuild. As as much money as you can to increase the income Eventually you will have an eveThe rmgency cash in the money market account. And you could get enough income to cover er all of your living expenses. In my case that is 4K a mont. Enough to cover my living expenses (I live in high cost of living area).For 4K a month you would need about 400K in QQQI There are many funds you could use such as UTF 7% yield, PBDC 8%, PBDC 9%, BIZD 11%, SPYI 11%, BTCI 24% and many more. The key is to get the highest you feel ocmfortable with and if possible use a fund that payshas a lowe tax on the dividend you receive. Most of the funds I have listed are taxed as ordinary income. But they are useful for the income they create. Once I had enough income I started adding more funds until I had enough to retire early at 55. Also I reinvest about 1K a month to gradually grow my income. Hopefully enough income growth to cancel out inflation. No mater which fund you will use you will genrate taxable income. The best way to handle this is to estimate the additional tax you willl pay with the assumption that all of the dividdends are taxed as ordinary income. The highest taxrate to insure you have more than enough. Then you could put the money asside in monoy market account and use it to cover the april tax bill. Eventually you will start to charged with a lat payment of tax penalty. At this point start sending quarterly tax payments to the IRS.IF the estimate is low you owe more. IFyou pay too much you get money back.
Instead of lying bitcoin I would rather invest in covered call fund that writes covered calls on bitcoin. BTCI has a 20% yield and the payout is in US dollar which is legal tender.
Many people of reddit assume two thing about investing. * People only invest for retirment * that the best return possible is always index funds which pay almost nothing in dividends. which have an average retune of about 10% per year. Both of these assumptions are not true. There are dividend investments that produce returns of 10% or more ARCC is one example. The company has been paying a 9% total return of about 9% for about 20 years. OXLC pays dividned off 24% since 2011. And you can make money trading covered calls indefinitely. SEC only recently started allowing ETF that focus on using covered calls for income. SPYI has 11% yield, QQQI 13%.BTCI 20% Now granted some of these funds have not been around long enough so we don't know if they will last as long as the index funds many prefer. So some dividned ingvestor assume that some of there funds will fail. So they have 20 fund or more for income that way if one fails or has problems it represents only 5% or less of the investments. Fortunately fund failures are very rare. Also not everyone is investing for retirement. So they put their money in taxable accounts so they can access the money at any time. Some people want supplemental income in case they loose their jobs. Others may want enough income to cover bills mortgage payments or other things. Funds like SPYI and QQQI are very useful in these cases because the high yield lower the amount of money needed to reach the goal and these funds take extra steps to lower the tax on the dividends you receive. So the recomendation to use growth funds until you are old is totally outdated advice. Use dividend income whenever it suits your needs better than growth investing. IN my case I was burned out from work and had a healthy retirment fund and had a lot of growth in taxable account. So I reworked the taxable for dividends for income using dividneds I now generate 4K of income to cover all of my living expenses. With another 1K of income that is reinvested to allow my account to adjust for inflation. I retried at age 55. but others have done this at age 40.
The is a lot of excitement about bitcoin but it is legal tender in only one country. you can barter with it but the other person may not accept it. The only way to make money with is is buying and selling. So rather than buying or mining it I would ratter by a fund like BTCI. This fund uses covered calls to convert price volatility into dividend cash payments to [you.it](http://you.it) aims for a yield of about 20%. Cash you can use to invest in other assets or cover living expenses Berkshire Hathaway is a good investment but its shares are expensive and it pays no dividend. With no dividend it is a tax efficient way store money Any since it is lightly traded the share price is very stable with a little bit in growth. There are many other companes out there that don't pay a dividend you could use to save money index funds like VOO and VTI are a common choice low tax way to saving money More volatile than BRK-B but still goo growth.SPYI is also a good covered call fund, it holds the S&P500 index but rights covered calls on the index produce a good dividend of 11%. Covered call funds are great way to make income if you have a good reliable fund. There are fund that produce much higher yield (in at least one 100% yield) But that very high yield comes with a lot of risk The risk associated with BTCI and SPYI is much lower I also prefer to not automatically reinvest the dividends for the funds. Instead I collect the cash and invest it in other dividend funds that don't use covered calls.
If you like bitcoin, BTCI may look interesting.
While I still agree with your point that investing 1k for a dividend strategy isn’t worth it…. You could put 1k into BTCI that has a 30.25% annual dividend, paid monthly. Which is 2.52% monthly. That would get you about $25 per month. And BTCI uses Section 1256 contracts where 96% of your $25 monthly dividend is considered return of capital with no tax on the 96%. You will pay capital gains on the remaining 4% at the 40/60 rate. Let’s just use remaining 5% which is $1.25 per month taxed at the 40/60 split. You would have about $24 each month in return of capital.
As opposed to BTCI - 95% tax free on dividend. Also look at the NAV deterioration on MSTY
BTCI - 27.7% annual dividend, paid monthly. Very little NAV deterioration. Definitely a long term hold. Gotta be OK with Bitcoin and its volatility. But a 27.7% annual dividend paid monthly certainly helps that!
Invest in BTCI...just 100k...you should get 27k per year...that will help with your income instability...
All of the post I see right now are for index funds. Index funds are tax efficient by them selves since the dividned is very small to nonexistent and you don't pay capital gains until you selll. Alstal o if you get injured or sick you will have a lot of medical epxenese with no liquid cash in the HSA. So using an index fund in HSA doesn't make sense to me. Funds like JEPI,JEPQ, SPYI, QQQI, and BTCI make a make a a lot more sense. Most or their total retune is in dividneds not captial gains. So you could put the money in high dividned fund and not reinvest the dividneds leaving a cash bucket in the HSA for immediate expenses. And then when that is depleted the cash bucket will gradually fill up. Then periodically when the cash ammount gets over ly large you can use the cash to grow the dividend income. Eventually you could get to a point we're your wouldn't need to addd any more money to the account because is will grow by itself faster than you could use it. At that point you could take the excess money and put it in an index fund for long term storage.
Anyone hold BTCI? Seems to good to be true
I have $400k in BTCI, I get $10k a month in dividends and live like a king! Retired at 45