IWMI
NEOS Russell 2000 High Income ETF
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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