MLPI

painfulletdown

Need index's, higher yields, tax efficiency, covered calls, and low expenses. Stuff like SPYI, MLPI, JEPI, SCHD. Also diversify into international and oil. No gold, no real estate.

EmbarrassedPart1256

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

EmbarrassedPart1256

$MLPI

EmbarrassedPart1256

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.

EmbarrassedPart1256

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 🤣

EmbarrassedPart1256

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%

FailingEfficiency

Yes. I’ve been long a bunch of XLE calls and own MLPI. With the possibility of rate hikes, I’m not sure if that slows the gold/silver trade so exited recently. I only use floating rate bonds to eliminate rate hike risk. I also shifted my equities to dividend/value so that there’s less impact from inflation/interest rates. And I diversified significantly, picking up obscure non-correlated ETFs like FOXY and IALT. I don’t think this is noise. I think this market is on a dark staircase and each time we take a step down everyone breathes a sigh of relief because surely that was the bottom…

EmbarrassedPart1256

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** 🤙

EmbarrassedPart1256

I'm loving my $MLPI position bouncing back after averaging down into the dips...

rawrlionsrawr

I’ve considered MLPI or QQQI. Just to let it compound. I read to much about NAV decay and NAV drag that is what is stopping me from choosing a “premium income fund”.

EmbarrassedPart1256

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.

Thor2024brown

I own XLEI and MLPI

alex_korr

The strategy of starving Iran won’t work as the people there are already accustomed to very tough periods and low living standards. The only other option imo is to try to offset the loss of oil on the domestic market, through whatever means possible and try to wait it out. This is a very shitty spot. I am very long MLPs through AMLP and MLPI.

EmbarrassedPart1256

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.

EmbarrassedPart1256

It's not a penny but if you want midstream energy exposure, **$MLPI** checks off a lot of boxes & covers their bases. It gives you exposure to several midstream energy companies, produces a \~13.5-14% monthly yield, much of that classified as Return of Capital (ROC), & it handles the complex taxes for you, giving you a regular 1099 instead of a K-1 🤙