IWMI
NEOS Russell 2000 High Income ETF
Mentions (24Hr)
0.00% Today
Reddit Posts
Thoughts on the "double dipping" portfolio ive been building
Mentions
Futures down, NASDAQ (tech) more than anything, gold down (where I’m loading dips before Schwab lets me touch things @ 7), it’d be nice to get a nice penny flip before going to work to keep up with this madness but I’m not going to force a trade. It may be a do-nothing day too, if things don’t drop to my levels. Holding: 26.62% $IWMI 25.86% $SGOV 24.21% $MLPI 7.98% $VXUS 3.24% $VTV 3.01% $IAUM 2.51% $DGS
I like **$EONR** but shoulda coulda woulda bought below $.50. I just rock with **$MLPI** that gives me a nice tax-deferred yield & midstream energy exposure. That & **$IWMI** are my largest covered call ETFs, with **$IDVO** definitely significant. I just started **$IAUI** yesterday & hope to grow that alongside **$IAUM.** I know these aren't penny stocks but are relevant to options; I like **$IWMI** because it's the Russell 2000 but I wish they held individual stocks & not just a fund.
Edit: damn, $IWMI is dangerously close to my cost basis 👁️👁️
Don't sleep on the $IWMI/$MLPI combo; they run an options strategy on the Russell 200 & midstream energy, respectively. They run somewhat opposite of each other while giving a serious yield. Also $TNON, I didn't think it'd do all that; damn 🤣
Welp, caught a nice dip on $GPRO, shoulda coulda woulda held a second longer (as per usual), but averaging in 50K shares to mitigate the loss shook me a bit 🤣 I had to do something to bolster the portfolio a bit; it's trailing the indices this morning... I'm still happy as can be with what I've created & am creating (RIP my individual stock picks that're all popping off nonstop; I'll revisit them when I have some "fuck you" money, when $CAPS pops off): * IWMI 27.64% * SGOV 26.15% * MLPI 25.01% * IDVO 7.85% * VXUS 5% * VTV 2.49% * DGS 2.46% * IAUM 2.26% * Cash 1.14%
Futures are mixed today so it may be a good day to do nothing, regroup, & think about your goals/allocations. I'm taking the morning off from trading penny stocks, chatting with ChatGPT & thinking about my allocations. I'm a bit overweight gold (**$IAUM**, cheapest expense ratio) but I wanted to buy the dips as they come & have some time to let this one play out. I deployed a chunk of cash yesterday & am still holding \~25% cash after all of that. I'm hoping to make a major purchase going into 2027 so the cash position has value far beyond its yield; I've really started to like the stabilizing aspect of cash recently as well... Although not penny stocks, you all are my friends & I figure we can have conversations outside of penny stocks. Here are my holdings as of yesterday/early this morning: **IWMI** (Russell 2000 futures showing strength, CC premiums are likely juicy during dips) 27.51% **MLPI** 25.41% **SGOV** 25.39% **IDVO** 7.78% **VXUS** 4.95% **IAUM** 3.28% **DGS** 2.45% **VTV** 2.4% Cash .88% As far as penny stocks go, be sure to wait for a solid entry on something that's running, take your profits, park them in something safer, & scale down if you re-enter to not wipe away the day's gains, among many other things! And of course, **$CAPS** 🤙
Yea but you're not gonna like this... My excuse is I'm in a custody battle with my ex and need income. I have 2000ish shares each of NIHI SPYI QQQI and IWMI. 500ish of BTCI. I'm holding a couple speculative stocks but only 10k per of those I'll keep in hopes of a big payout in 2030. Those are the only things I kept when I switched to income. Before that I was all VOO and chill. There's been some big changes in my life this year.
Idk, just referencing an “occasional crash” seemed extreme to me. I don’t really want to be in the same place I am today in 15 years after dipping excessively. Call me crazy, but I recently am about 33% cash in my main portfolio, \~28% $IWMI & 27% $MLPI. I’m also trying to plan for buying a property through all this uncertainty so just trying to get the exposure right. I’m thinking of doing a slow DCA until I see a serious correction. I understand that sitting on the sidelines could mean less growth or not keeping up with inflation, trying to think through it all in real time. I do want the equity exposure but again, am just weary of the current valuation of the market.
FWIW, $IWMI, which runs a CC strategy on the Russell 2000 index, with little/no portfolio turnover, just announced a record $.6373/share distribution for this month. It scratches my small-cap itch while providing solid distributions & capital appreciation.
The thing I'd want to look at first is whether the brokerage account is really a second strategy or just the Roth account with a dividend filter on top. VOO and VXUS already give you broad US and developed international. SCHD and SPHD are both S&P 500 dividend or low volatility screens, so they're tilting inside the same large cap space the Roth account already owns rather than adding new ground. QQQI tracks the Nasdaq 100, which is heavily overlapping with the growth half of VOO. IWMI is the one sleeve that does something different. There's nothing wrong with wanting an income tilt on its own, but SCHD plus SPHD is roughly 27% of every new dollar in the brokerage account, and both pull from the same 500 names. If SCHD or SPHD dropped 30% in a year while VOO was also down, would you actually keep adding the full $500 a month, or would you start pulling back? Personally, I'd be more comfortable treating the brokerage account as a smaller satellite and letting the Roth do most of the work.
I invest a brokerage account in individual stocks for the most part, so I'm not the best to answer. I wouldn't overthink it. Here are the 1-year returns on each ETF. VOO+23.7% VXUS+27.8% SPHD+14.1% to +14.3% SCHD+31.4% QQQI+24.0% IWMI+33.4%
I'm definitely holding for the long term, as I've got a pretty privileged cost basis ($51.01) as I did a lump sum buy back when I was switching over to a dividend/income approach. It's been pretty stable for as long as I've held it & produced solid cash flow. Because of the ROC, most of it is tax-deferred until your cost basis gets to $0 & then it's taxed as long-term capital gains. I can't complain with the NEOS funds so far; they're newer but they seem to be on the ball in terms of protecting your capital. I'm pretty underwater on $MLPI but I see that thing as being insanely illiquid, to the point where I've actually had my shares loaned out for a period of about a week. In a correction/recession, I'm pretty sure people will flock to something like $MLPI; I've also seen it mentioned as a solid inflation hedge because of the way these MLPs' contracts are structured. The only other NEOS ETF I hold is a small position in $NIHI but it's just a small position as an income boost/stabilizer; I don't necessarily like that it's a "fun of funds" because of the double expense ratios, but I just now realized that $IWMI is too. I guess if they can preserve my capital & distribute solid cash, the expense ratios shouldn't matter too much. My approach is being as tax-efficient as possible in this portfolio; Google AI recently referred to it as a "pseudo-Roth" which I like as well. I don't like the idea of locking away a large portion of my capital for \~30 years, when the retirement age (60) is definitely *not* the middle of your life. I'm happy to talk more if you ever want to DM me! I can't say I'm an expert but I've spent a lot of time trying to learn about this stuff recently. My focus has been defensively positioning myself for the end of the world, even as things continue to rise 🤣 income as been my primary focus & now I'm focused on layering in growth (again, defensively, leaning international). The dividends sub has a wealth of information as well.
Was it $IWMI? It tracks the Russell 2000 index so it includes a lot of small caps that we know & love, writing options on them & somehow achieving 0% portfolio turnover, with a large portion of the distribution as return of capital.
FWIW, **$IWMI** is a covered-call ETF that tracks the Russell 2000 & spits out a 13.8-14% yield, largely classified as return of capital (tax-deferred). I'm not saying to not try trading penny stocks; some of you are pretty good at it! **I'm just saying that this ETF scratches my small-cap volatility itch while providing income & more stability.** **$CAPS** is the only stock I have eyes on right now. I've started a new job so the goal is to stack cash, fund my IRA better, & then be more responsible, as there's no tax-loss harvesting in an IRA; when it's gone, it's gone...
There’re plenty of good small cap ETFs AVDV AVUV & VSS among many others IWMI runs covered calls on the Russell 2000 index & pays a solid distribution monthly.
I recommend $IWMI; it runs a covered call strategy on the Russell 2000 index which holds a lot of the tickers we know & love. It pays a pretty soli yield & doesn't have NAV erosion (so far). Let me know if you want my full list; I just didn't want to spam you 🤙
I feel that. I sold: $IWMI @ $49 (own 1,400, want to buy lower) $DRAM @ $50 $DTCR @ $28 $SCHY @ $28 (own 300, want to buy lower) $DUOT @ $7.50 Today. The $WEN one was kinda just a FAFO play. I’ll probably buy it back if it looks close to getting exercised.
With a new child not he way ai would focus on investments that can help you cover your expenses now instead of retirment. With QQQI 13% yield You cold get 1.8Ka month of additional income to hep cover your expense. The income from this fund is taxed at a lower rate than your work income so it is tax efficient. Now if you don't want all you money in one fund you could att EMO 9% yield , UTF 7% yield an. Also QQQI is a [NEOS ](http://www.neosfunds.com)fund and there are a number of good dividned funds you can use. such IWMI, IAUI. Dividnd are cats profit sharing payments made directly into your brokerage account.. You simply buy hold and collect the income once a month. now the earning from these funds may go up an down Due to market conditions and in a stock market crash it may take some time for the income to fully reocvered. The other main option you have is investing in a growth fund Like VOO. This fund has Tiny dividend which will not be useable. The only to make money with this fund it to hold it and waite for the share price to increase. And then the only way to get money from that is to sell it off. So this won't help you now but it great for retirment accounts. So I would with dividned funds you could simply collect the dividneds and hold cash in brokerage money market account for an emergency cash reserve or you could spend the income or reinvest the income for more dividned income.
Thanks for following up, even if you’re one of the ones who downvoted me 🤣 I know it seems that way, I’ve just done a lot of DD on it & really like what I see for a penny stock. Fun fact: Berkshire just bought a housing stock, the first purchase since Warren Buffett stepped down (I believe). I just really like the company/idea. I want the stock to reflect the underlying subsidiaries, Instone & CSI. The holding company may have some things to work out but they’re making serious strides. What you said is so true, for trades, which $CAPS is until it isn’t. I missed so many swings on the way down because someone on ST had convinced me not to swing it (imagine; I’ve been getting my head right recently). Everyone else is trading it & every other ticker. It’s the way to do it. For investments, I think you can/could/should be somewhat emphatically invested as well. I currently hold IWMI, JEPQ, UTF, USOI, SLVO, PFFA, & IDVO, & I like them (besides SLVO; still on the fence after today’s drop) so much that I don’t really care about the price. A lower price just means I can buy more.
Don't sleep on $IWMI; it's an ETF selling covered calls on the Russel 2000 that you & I love so much. It's my favorite in my portfolio & I buy when it dips...
First thought: how many Russells are there? Second thought: hopefully I can get some exposure through $IWMI one day 🤙
And he will be paying taxes on interest earned, which would decrease the profit. Maybe doing the 200 in a ROC (SPYI, QQQI, IWMI) with a higher yield would help offset taxes on the income, and using the funds to pay the loan down quicker. Putting the rest in a HYS
$RUBI coming back down to earth, I'm glad I got in & out. It's insulting seeing a stock so green & somehow you lost money on it... I'm taking the rest of the day off, made my gains & I'm loading into the dips on some of my core holdings ($IWMI & $UTF). Don't sleep on $NEE's merger with $D; $UTF & a few other ETFs give you exposure to that. Chase tech all you want but it's infrastructure all day for me baybay.
$USOI has been an absolutely stellar trade so far; I’m up 9.2% & at this rate, the drop from the ($2.85/share) dividend payment won’t even put me in the red. I’ll just load in more. For more of a penny vibe check out $IWMI; they run a covered call strategy on the Russel 2000. It’s a way to get small cap exposure & let them pay you to hold it (& it’s dipping right now). Also holding JEPQ, MLPI, & UTF FWIW. Make your capital work for you & never *”work”* another day in your life.. 🤙 Live to trade another day!
I see the writing on the wall, that I should stop pushing my luck after doubling down on a losing $TE position & breaking even. Total gains: $1,332, net gains: $424... Gotta work on not losing the money just to make it back. I *can* make it back but I'd rather it all go to the bottom line... In $GMEX for 1K shares. 858K shares OS, Morgan Stanley holds a position, cost to borrow is 80.55%. Robotics is hot & they could be on the verge of a breakthrough, post-RS. ***This sub could literally lock up the float...*** I'll consider averaging down every $.10 or so, or getting in for a larger chunk if/when it starts to move, just don't want to miss the move if it's overnight... Holding $IWMI, $JEPQ, $MLPI, $USOI, & $UTF as a core, FWIW. Make your capital work for you, & never sell it!
https://preview.redd.it/ltsyskkmsv0h1.jpeg?width=1170&format=pjpg&auto=webp&s=b11ac4be1d58c2aa85b4a68b6558a98fc7e4f9f1 I’m staying far far away from big tech right now; all-in on small caps & dividend-paying infrastructure & feeling great about it. UTF, MLPI, USOI, with some IWMI & JEPQ to milk the big tech exposure but it’s capped in my portfolio so as not to gal it when these IPOs take a dip…
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.
I have a nice amount of QQQI and IWMI and I have no desire to sell for a long time.
VGLT and IWMI. Both are good price right now.
Ok here is my take, 45k emergency fund is on the high end unless your expenses are 7500-9k per month. I'd drop that to 35 and invest into index funds that I'll finish this comment with. Take the interest payments invest from the emergency fund and invest them in this order; Roth HSA Bridge account (taxable brokerage) Only hit your 401k to the match, invest the rest in the order above. Max out Roth before touching HSA Merge all of your finances, you're married, you're a team. Figure out what's in your wifes 401k and yours, make sure you aren't paying too much in fees. Ditch the mutual funds entirely and get into high yield ETFs, Examples here SPYI S/P 500 IRYI Reit IWMI Russell 2000 QQQI Nasdaq 100 VXUS Total International Setup a UMTA 529 for your kid You're doing fine buddy, comparison is the thief of joy