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That's even better then! Ride QDVO down then swap to QQQ at the bottom for nice growth, then back to QDVO after recovery.
Might not even need to swap. The downside is actually significantly better for QDVO than QQQ (see current and max drawdowns) https://totalrealreturns.com/s/QQQ,QDVO
They’re not all bad. Take a look at this comparison of QQQ vs various QQQ-derived covered call funds https://totalrealreturns.com/s/QQQ,QQQI,QDVO,KQQQ,JEPQ,GPIQ QDVO handily beats QQQ in total return with dividends reinvested
Recommending what I buy: BTCI QDVO IDVO DIVO VXUS. Love the income building and considering more ROC heavy ETFs like QQQI and GPIX.
https://www.reddit.com/r/dividends/s/YD3PXPt7XL I'd add some layers to the overall strategy and split 90% into all three big firm CCs. GPIX/GPIQ (my favorites), JEPI/JEPQ and as you mentioned SPYI/QQQI. The NEOS funds have the highest yield and supposed best tax efficiency. The JP funds are more defensive in nature and will outperform in flat or slightly negative markets. The Goldman funds have the most capital appreciation while still delivering high yield. At the institutional level, there is the most trust (institutional ownership) in the JP funds, followed by Goldman funds and then very low ownership for NEOS funds. All three utilize similar but different strategies, plus they still have to execute on their strategies and some months, different firms will perform better. With all three you get increased diversification and variance in returns. You also get three pay dates per month. The remaining 10% into DIVO and IDVO, 30/70 split with IDVO being the higher allocation. Similar strategies to the big firm CC funds, but long track records and lower yield with emphasis of capital appreciation over time. Very high institutional ownership (>50%). Additional security in returns/distributions, one more payday per month and added international allocation. Then using the distributions, reinvest some back into each fund and use the rest for w.e. Id personally juice up the amplify funds with my big CC fund's distributions (doing that now). Also check out QDVO. Good luck 👍🏻
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 \[ this guy has good ideas on income investing [https://www.youtube.com/@armchairincomechannel](https://www.youtube.com/@armchairincomechannel) \]
As an aside from gambling, really interested in QDVO long term. Looking at its chart, it basically tracks SPY, but the dividends seem to boost it like 8% over.
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. 😇
EGGY is the closest thing to what I have been looking for. The downside protection and options income is superb. Will it really be safe in a crash? Who knows. Otherwise, I like how IDVO and QDVO are setup.
I’m buying a basket of ETFs: SPMO VOO VXUS SCHD IDVO QDVO
Check out funds from Amplify: QDVO is well structured and I find it to be well paired with IDVO.
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.
Consider investing into some income ETFs like QDVO. It pays monthly and beats QQQ in total returns. You can use the income for whatever you want without selling any shares.
I’m gonna assume you live somewhere like NY or CA and this is a W2. Your monthly take home is gonna be like 58k after taxes. Here’s what I would do 1) buy a place to live (nothing fancy needed). Do a 5/1 ARM with no prepayment penalty and pay extra principle to own it outright asap. Let’s call that 20k a month with PITI. If u own a place already with a low mortgage then ignore this and enjoy your 3%. 2) dollar cost average into an S&P 500 fund (post tax maybe 10k a month). Goal is long term growth 3) 10k into fixed income (bonds). Goal is capital preservation. 4) 10k into an income generating ETF. Goal is to have a source of monthly income for when the above cash cow dries up. 5) 8k for fun (travel/eating out/hobbies) These aren’t recommendations per se but examples of the above 2) VOO 3) Treasuries 4) QDVO, QPIX, JEPQ
Thanks for getting back to me. I was confused since my JEPQ but its up 6.20%... but I checked and see now that I bought in April/May so you're right, it's very underperforming compared to its Goldman clone: GPIQ, or its riskier cousin QDVO. Huge difference. JEPQ only 1% YTD (including dividend reinvestment) [https://totalrealreturns.com/s/GPIQ,JEPQ,QDVO](https://totalrealreturns.com/s/GPIQ,JEPQ,QDVO)
I am in similar boat and Fidelity advisors are chasing me. I decided not to go with them because they only understand one asset class: equities. And they are following the boiler plate recommendations. I end up managing on my own and select ETFs from Fidelity, Vanguard and Amplify. I split my funds between Vangaurd and Fidelity. I personally like Vanguard better. But didn’t want to put all the eggs with one basket even with SPIC insurance. My ETFS: FDMO, VOOG, VFMO, IBIT, QDVO, SHLD. about 15% allocation to each. You will never need a financial advisor or need to rebalance.
DIVO, QDVO, IDVO, SCHD, SPYI, VYMI, O. some combination will get you to the 7% you’re looking for.
$25,000 in CRYPTO (i.e. USDC stablecoin earning 4+%) $25,000 in Yieldmax ETFs (sky's the limit on which underlying you choose and their yields...safer YM funds would be YMax, YMag, FIVY) $25,000 in safer covered call funds with moderate growth (i.e. QDVO, JEPQ, DIVO, etc) $25,000 in alternative assets (i.e. Sportscards, Pokemon, a deposit for a Porsche collectible vehicle)...check out [RALLYRD.COM](http://RALLYRD.COM)
Looks similar to JEPQ maybe? Any knowledge on how far OTM they write their calls? I believe JEPQ is 20% or so which allows for more upside on the stock price but lower premiums to distribute. If this fund is doing something similar then you might be able to compare to JEPQ to get an idea how QDVO might perform.