QQQI
NEOS Nasdaq 100 High Income ETF
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Yeah I agree with this guy's points. I'm 6 years into retirement and I have 30% in BIL which is a money market ETF and its yield has gotten crushed over the last year obviously. I don't really need that much cash in money market, so I've been looking for an income replacement for about half of it and I've started looking at charts of GPIX/GPIQ/SPYI/QQQI. Unfortunately only SPYI existed in the 2022 bear market and only for the last quarter, but they all basically came out of the tariff and Iran dips fine. And their tradeoffs between yield and growth is almost exactly what I'm looking for. So 7.5% I'd be fine with, the timing is a tough call because 3 - 4 years is kinda close. I kinda wanna say wait until you actually need the cash flow, but I had a defensive portfolio long before I retired, so I can't.
I hate to pile on, my friend, but “it pays monthly” is not exactly a good reason to invest in CONY, particularly when there are a million other vocations and investments in this world that pay monthly (SGOV, JAAA, QQQI, portable toilet waste removal technician at a massive summer festival during a heat wave, gravedigger, you name it).
50% SCHD 25% SPYI 25% QQQI, 20yr+ runway, never selling.
Generally, but QQQ is just NASDAQ. That index is going to reach 1000. I have $20k in QQQI with risk for NAV erosion as a high yield ETFs. Thats a risk worth taking for what I have assed.
Welcome to the world of investing! You're going to be addicted to it quickly. Let's look at your current investments, you need to clean that up first since there's a lot of overlap in holdings. At a quick glance QQQM, SOXQ, QQQI mostly invest in the same 10ish companies. Could your money be better allocated based on your investment theme? You already have the building blocks for it: good dividend yields and price appreciation. Use that to help guide you in your clean up. Here’s an example portfolio for you – Possible Theme: Information Technology with Monthly Dividends Possible Positions: GOOGL, META, NVDA, MSFT, AMD, TSM, AVGO, and QQQI. QQQI here serves as the monthly payer in dividends where you can then choose to either reinvest back into it or allocate it to other positions. Allocations can then waterfall down from 100% to 10% in cash. This is where you decide which positions get what percentage. Remember: Each portfolio doesn’t need to have the same theme i.e. what’s in your ROTH doesn’t have to match what’s in your taxable account. This is not financial advice, strictly for educational purposes.
QQQI or SPYI are more nice.
You could jump into QQQI, GPIQ, VZ and some other fat dividend payers and easily pull $400k per year.
what is support on SPYI and QQQI
VM when is the best time to buy QQQI or SPYI
Did you look at the dividend paying history of these funds? or did you just look at share price? ARDC has never had a big cut in its dividned payment. Only very small ones. EMO 1 reduction years ago. EIC is a risky CLO fund. But the highest yielding fund QQQI you didn't mention. It has no NAV erosion or and is a solid performer. High yields don't mean there is something wrong with he fund. It just means you have to take a closer look at it. and evaluate if it is worth it. I have 10 funds. Yes one fund may cut the dividend but all of them at once. Not likely. 5 of the funds are considered to be very safe. 3 have never cut the dividned 2 are 20 years old and one is about 50 years old.
VM is QQQI good to invest in
You fund is generating ROC dividends. These dividends are not taxed as long as the cost bias of the shares you own above zero there is not tax. But when you recieve the dividend the dividends is subtracted from your share cost basis. When the cost basis reaches zero your dividends are taxed at the capital gains tax rate. Thich is still more tax efficient than ordinary dividends that are taxed at your work income rate. ROC dividends are great as long as they are constructive. In the case of TSLY the dividends are destructive which is not good. IF you look at a graph of the share price of this fund it is down 90% since inception and the yield is listed at 98%. Covered calls cannot reliably generate a 98% yield. So the fund has to sell off some of its assets to generate income. this reduces the NAV of the fund and as a result the share price drops. The dividend payout also drops but eh yield stays the same. It isa classic yield trap and should be avoided. The NAV loss and high yield causes destructive ROC dividends. However other funds like QQQI 13% yiel pays out a much lower yield avoiding the NAV loss issue. IN fact QQQI has NAV gain which is good so which means the share price can actually grow. the end result is QQQI has constructive ROC dividends. Overall QQQI is a much better fund than TSLY.
honestly? to still get the thrill of the markets I do 50% TQQQ, 35% VT, and 15% in SGOV to use as a cash store or QQQI/SPYI for dividend income
Interest rates are based on what the government bonds pay. However dividend funds you can get fixed rates of of 5% on up to about 10%. For example in my roth account I only invest for dividends from the these funds: QQQI 13% yield, EIC 11% , ARDC 9%, PBDC 9%, EMO 9%, CLOZ 8%, UTF 7% UTG 6.4%, JAAA 5.5%. FAGIX 5%. With dividend funds you can lock any rate you want. Not a fund can cut or reduce e the dividend due to bad economic conditions but these are rare. With UTF, UTG, FAGIX, ARDC these funds have been paying stable dividend for decades.
QQQI hasn't even been out for 5 years, those returns are not guaranteed. In fact your taking taking the returns for QQQI in one of the best markets to be doing a covered call strategy. VOO prob will win long term.
QQQI sells covered calls to generate distributions. It's very different than a company which pays dividends from profits. What is a covered call? It means you own the underlying stock (it's "covered"), or in this case the QQQ ETF, and then you sell a buyer the rights to future gains, in return for upfront cash today, the options premium. Your options premium is set at current market value, but future gains have limitless potential - or in other words, you might collect a $1 today and that's it, but the buyer of your option has potential to gain $2, $5, $10, $20. Why this is important is QQQI has limited upside gains, but has no downside protection. When QQQ goes down by 10%, your QQQI NAV goes down by 10%. But when QQQ goes up 10%, QQQI will just get a small fraction of that (in theory if QQQ goes up very slowly and below call strike price, QQQI could capture all upsdie - but odds of this happening long term is about zero). I'm not going to lookup exact numbers, but from my memory, QQQ was up about 25% in 2024 and about 20% in 2025. QQQI debuted in FEB 2024, so not quite the full stretch of 2024-2025. However, QQQI NAV only gained about 5% during that near 2 year stretch. Why such different results? Because all the upside gains were sold off in return for the immediate options premium. But if you calculate out the distributions, and even better DRIP it, it doesn't look so bad for QQQI compared to QQQ in total return. Let's look back to QQQ gains - 25% and 20%. Those are both over the historical average yearly return for QQQ. So what happens when QQQ has more muted years, or even worse, negative ones? QQQI will surely lose NAV. It looks "great" today because QQQ had 2 overperformant years. It won't look so great when it has 2 underperforming years. When QQQI loses NAV, it means the amount of underlying QQQ it holds is going to be less (this is very different than holding QQQ and riding out the ups and downs - you're losing cash to buy the equity rather than just owning the equity). Holding less underlying means your options premium and distribution amounts will be a smaller nominal amount, despite the yield likely remaining in the same high band of 13-14%. VOO is considered safe because you own shares in companies that have trended up over time. When the shares increase in value, you own every single cent of those gains. Let's say hypothetically VOO goes from $500 to $300 and the back to $750; the entire recovery is yours. QQQI is considered risky because it has no downside protection, yet the upside/recovery is capped. So you're banking on the options premium outweighting the "losses" or "missing chunks" of recovery increment that you sold off. In the short term, it seems reasonable. But as you stretch out the timeline well odds are you're going to lose a sliver here and a sliver there. If 25% and 20% underlying (which compounds to 50%) only gets you 5% NAV gain, I think it's fair to say long term NAV is flat or negative and nominal distributions have little chance to grow over time, and more likely declining. Disclosure: I own both VOO and QQQI. My QQQI is meant strictly for income. I view it as always better than HYSA return, even in the long run, and I need/want the income today. If you don't want income today, and want growth no way do I suggest QQQI. Fun fact - SCHD yields 3.5-4%. Over past 10 years, it has roughly gone from $12 to over $30 and distributions went from $0.40/share to over $1/share. That puts the returns for each at over 150%. It also means your yield on cost is over 8%. If time is on your side, SCHD will beat (crush really) QQQI in the long run with both capital appreication and yield on cost.
A lot depends on your age. VOO for longer term growth - if you're far from retirement. QQQI if you're retired and need to live on the funds that the investment will toss off. Just keep in mind that neither of the 2 is risk-free.
QQQI has certain tax advantages that help it out in tax disadvantaged accounts. Definitely worth investigating further, though. They do things like return of capital so that you are later paying long term capital gains.
if you want 200 month of income from your investment keep adding money SPYI. With its 11% yield an additional 20K will generate that monthly income. With 27OOO in cash you could put that money in SPYI and next month you would get an additional 240 dollar a month. And turn off dividend reinvestment for that fund so that the dividned show up as cash in your account. OR you could use QQQI instead with is 13% dividend. 27k in vested in this fund would generate 300 a month. Keep adding to this every month and you could over times increase your income to thousands a month. You could also build your dividend income to generate money for yearly roth deposits. So the dividneds could also feed money into a roth.
The good news of your situaltion you know your tax rate 37%. There are no tax barkets at this time higher than 37%. So you could sell a lot of stock and not pay more than 37% tax on it. But if you have state income taxes and and foreign taxes you will need to talk to a tax professional . Bad news is that you probably cannot use IRA or roth account. It is simply too much money. So you will have to use a taxable account. So conceivably you could sell 1 million worth of stock and and immediately pay 37% federal tax. and reinvest the rest for income. You can also do this as in increment smaller than 1 million. But you also need to use tax free investments as much as possible to minimize the taxes on the investment income. So that the muchnew invesment income won't generate a lot of adidtional tax income. Now good covered call funds likeQQI 13% yield, SPYI 11%, and GPIX 8%, GPIQ 10%. These funds produce ROC dividends. And you initially pay no taxes on the income which for all of these is 90% ROC dividen with a small about amount that will be taxed. While you don't pay tax on ROC dividend due reduce the cost basis of the shares When the cost basis reaches zero you pay the capital gains rate on the income which is still less than regular income. Now you can estimate the time the ROC dividends will be tax free simply divide 100 by the yield. So for QQQI 100/13=7.6 years. For GPIX it is 12 years. You will be 62 years old by that time so you will be retired by then. There are municipal bond funds and government bond funds that may be tax free but you should check with a tax professional before investing in them. You should also talk to Fidelity. They have a tax loss harvesting fund You basically transfer your stock and they use margin to buy a basket of stocks and do tax loss harvesting to to accumulate tax losses that can be later used to erase the taxes when they sell you stock. I am not using this but they can provide more information than I have. The other option into use covered calls to generate some tax losses But not all people can do this themself without making mistakes that generate tax problem. So it might be best to use wealth management company to do this. Also covered calls can be used to generate in gradually in retirment.
As people are their risk tolerance tends to decline nothing wrong with dividend investing at your age. Now government bonds ar the preferred route for many people because the government always pays. But the yield are always small and barely keep up with inflation. If you invest in dividend funds that don't invest in government bonds you ca get higher yields Now I live in the US and don't know anything about your taxes or investment options but for myself I like diviend dinvestings. And JAAA 5.5% yield, UTG 6.4%, UTF 7% and CLOZ 8% all pay more than the long term inflation rate and they are hghly reliable payer. UTG and UTF both have 20 years of no dividend cuts. FCLOZ and JAAA don''t have a long history but the asset they invest in CLOs is a very low risk Asset. So in any recession these should pay out dividend. I also have AADC9% yield about 15 years of history and the dividend is very stable, EMO 9% and PBDC 9%. They have more risk but still reasonably reliable dividend. and the best part is none of these funds are covered call funds. And non have nave erosion. As to covered call funds I have some but NEOs fund like QQQI and SPYI and GIX and GPIQ are all covered call funds with no nav erosion. Nav erosion is normal for any wlell runs dividned fund. NAV Erosion typically occurs in fund that are not well managed or are paying out a dividend higher than covered calls can reliably generate. The covered call fund I have mention have been intentionally setup to pay lower yield and many other covered call funds that have NAV erosion. but with Yield of 8 to 13% they still earn a lot more than the inflation rate. Now with the higher yield from funds like that you can generate more income from less invested. But like I said earlier I don't know what funds are available to your or or the tax laws you have to deal with.
Put your $70,000 into SPYI, QQQI & JEPQ. You will get paid free money that you could lose over and over again every month. Then you are losing someone else’s money and not yours. Then it will all just slowly keep coming back so you can continue your cycle
put money in a dividend fund. QQQI would be a good choice it has a yield of 13%. in a taxable account So 50K invested int it will generate about 5K a year about 500 a mont. So put money in the fund and turn off dividend reinvestment. for QQQI. Then when htedividend is paid the money shows up as cash in your account. And since QQQI isa tax efficient fund you won't pay much in taxes on the dividend invome. You could gradually build up the fund or add additional dividend funds too that it generates 1K a month of cash. Build that up to 300K invested and your talking about 3K a month of invome which can be used to: * to buy stocks when they are cheep. * Use the money to replenish your cash savings. * Use the money to make a yearly Roth deposit. * Use the money to over some of your monthly bills effectively reducing you living expenses and increasing your take home pay.
The best solution to your problem is to invest for dividend. Is you want your monet todouble in 8 year and use the rule of 72 you the 72/ 8 -9% yield is what you need Now many would say 9% is not doable. But it is ARDCC has been paying 9 % for about 15 years BDC (business development companies have been paying 9% for a very long time. So in Addition to ARDC I have PBDC that invest in only BDC and it alohas a 9% yield Both are funds holding multiple asetsk EMO invests in MLP (companies that move oil and gas via pipelines. It yeild % BDCs have been around for 50years and MLP for about 40 years. These funds invest you money and than divi up the profits and send you monthly or quarterly check 100k in any of these 3 fund will generate 9K per year o income you can either reinvest odor use the money to cover wedding cost or college costs. Now you don't want to have all your income comming from one fund So 33K in ARDCC, 33K in PBDC, and 33% in EMO is a better combination. There are also good covered call fund with high yield and tax efifency and some growth. Some of the best ones are QQQI 13% yield, SPYI 11%, GPIQ 10%, GPIX 8% are also worth coonsidering.
Dividend investors invest in fund like JAAA 5.5% yield, UTG 604% yield, UTF 7% yield, CLOZ 8% yield, EMO 9%, PVDC 9%, ARDC 9%, and QQQI 13%. these yield are much higher than the government and banks are offering. The higher the yield the lower the share price growth. the higher the growth the lower the dividend But higher grwoth tend to come with a lot of share price volatility. high dividend funds often have less price volatility. Now for dividned investors they prefer to buy and hold a dividend fund for a long time. and just collect the dividends generated. Now you can reinvest the dividend back into the fund to gradually increase the dividend or you can simply use the dividned to cover living expenses. Tax are owed on the dividend when you relieve it just like interest from a bank. But not all dividend funds are taxed the same some have qualified dividend which are taxed at a lower rate ROC dividend are not taxed for years but then they are taxed at the qualified tax rate and some government bonds and municipal bond funds are also tax free. Sp ot os possible to to avoid significant ammount of dividned taxes. Now if you only want o the invest the money in a dividend fund for a year and then withdrawal all the money you have to sell shares of the fund on the open market and if the market crashes before you sell you might sell at a loss regardless of how much dividned you received. So for dividned investor you select solid fund and hold as long as they stay good. Some stay god for many decades. Others are simply bad investments. All the finds I have listed above are good solid investments. QQQI is the most tax efficient fund however some of the other are taxed at the same rate as work income. and other will be somewhere inbetween. I am retired and my dividend income from a taxable account over all of my living expenses about 5K a month. When my roth becomes available I will double my dividned income and all the Roth dividend income will be tax free.
JEPQ, JEPI, QQQI, SPYI you name it. But you will sacrifice the high yield for growth
HYSA and government bonds don't keep up with inflation once you factor in inflation your total return goes from3.5% to very close to zero or even negative 1%. My Roth currently has about 500K in it and it is invested in QQQI 13% dividend Yield, ARDC 9%, BPDC 9%, EMO 9% CLOZ 8%, UTF 7%, UTG 6.5% and JAAA 5.5% yield. with funds like these you can easily get 8% on your 500K which would generate 40K per year of income. Which is enough income to cover most monthly bills and expense people have per month. You do have to pay taxes on the income but if all you have 40K you would in the US owe about 1K in taxes. IF you use tax efficient fund you could get the tax down to zero.
in the US there is QQQI 13% yeild Now at 13% yield you tyicpall don't get much growth but this covered call fund has managed to generate some growth. but since inception it has averaged 15% total return. It has no NAV erosion and other than its short history is doing very well. It is not a yield trap. OP appear to be in UK. I don't know what fund he has yielding 13%. My understanding is QQQI is not available in the UK. But 200K invested in QQQI will generate about $2,166 per year of income.
I'm about 3:1 leverage but it's 750k in SPYI then 250k leveraged on QQQI
I’ve posted similar comments in the past; I agree that GPIQ/X are totally slept on in the dividend forums. Slightly less yield than QQQI/SPYI depending on the % of options used but that allows greater price appreciation because they don’t have to sell as many options during a bull run which helps protect and grow NAV. If you’re nearing retirement or FIRE’ing I honestly don’t see any downside. I’m earnestly trying to find a downside but I can’t. ~9-10% yield, NAV growth & protection, Goldman’s name, preferential tax treatment. For the young investors I would still steer them towards purely growth funds but those seeking to allocate some funds to replace monthly income I see no downsides.
If you think we’re kangarooing for a while, full port QQQI and sleep like a baby. Buy leaps with the monthly dividend. Stress free fun
My side project is a lil' dividend income portfolio comprised of SPYI, QQQI, and SCHD. Something to take the edge off when I lose at options, which is all the time.
TW. Each of the funds I listed write options on the S&P 500 similar to JEPI. However, unlike JEPI, their distributions are classified as Return of Capital. Similar funds that use the Nasdaq as its underlying would be QQQI, GPIQ and ROCQ (similar to JEPQ). ROCY and ROCQ are new funds from JP Morgan (the managers of JEPI) to take advantage of the ROC tax treatment that other funds employ.
I does not, its very efficient, check it out: [https://neosfunds.com/wp-content/uploads/QQQI-Fact-Sheet.pdf](https://neosfunds.com/wp-content/uploads/QQQI-Fact-Sheet.pdf)
Maybe I'm missing your point here, but QQQI pays out very high taxable dividends. That's the opposite of what OP wants.
I’m an options seller. Money is there. If you want to retire soon. Good time to stock up on ETF’s like SPYI,QQQI,IDVO, and SGOV. SPYI and QQQI mainly for income with some growth potential. IDVO for growth. SGOV to preserve cash and to deploy said cash when needed. All 4 pay monthly dividends.
fuk all the bers MAGY/QQQI
QQQI outperforms QQQ in down or sideways markets. Hasn’t been around very long though
I put $20k into stonks Sunday night… WDC, SNDK, MU, and QQQI (I’m ret*rded). By Monday morning I was out $3,600. Today I’m only down $600. Should I buy more?
Trying to catch the falling QQQI knife over here. Now I'm bleeding from 1000 cuts lmao.
Geeze I'm 40 and have 600k but being a degenerate I have 250k in margin in SPYI and QQQI but I like the 8200$ in tax free dividends a month.
So for my Income portfolio, I did something really risky that I don't recommend. and that was have a >50% allocation to Yeildmax funds which I'm down overall about 15% in the entire portfolio. If I had to do it all over I would do definitely include QQQI, SPYI, ADX, ARCC, HTGC etc. etc. I would try and stay away from anything greater than 15% yield. Don't expect much price appreciation as those are just spitting out income to cover my baseline expenses. You can look up Armchair Income and Income Architect on Youtube to get some ideas. Those two channeIs and reading the book Income Factory are where most of my ideas come from in regards to income investing. I learned the hard way (as I guess most of us do on this investment journey) that managing your risk vs. return is supremely important.
SPYI QQQI SCHD. Simple, easy to manage, they meet my long term dividend portfolio goals.
Abandon family/friends. All in QQQI over the next 3 months, retire in Vietnam. reinvest w/e you don’t spend monthly. *this is financial advice
If it was true: Take 40k to make another 400k and invest the other 360k in QQQI which will give you almost the 4k every month
I'm down 53k on QQQI and SPYI, and not worried to much its a long hold, divs are nice at least on those as the 8k a month offsets the losses. 33k div so far so losses are 20k I guess.
Yes, but as those 3 videos CLEARLY spell out, it *is not income*. The last video even demonstrates that by holding QQQI you will end up with *less* in your pocket than you would be owning the index and selling shares periodically
I didn't wake up to the potential of dividends unite I was 40. I then started capitalizing on excess grwoth I had in a taxi le brokerage account and built up enough dividend income to cover more than my living expenses. My living expenses are are 50K a year My experience has taught me that it is probably best for young investors to build up a conventional growth pertfolio in a 401K or IRA and build up some dividend income in a taxable brokerage. Tax is not an issues if you focus on tax efficient dividend funds It is not easy to build up a dividnend income quickly but it can resolve the biggest financial worry people will have. Unemployment or being unable to work due to medical injury. Especially if you cannot get back to work for a year or more. When investing for dividends you have to watch the total return and dividend. Many people buy a high yielding funds with and ignore the share price. But if the funds share price drops every year most of your dividend income could wipped out by the shar price drop. At minimum you want a stable share price. Preferably you want at little growth in share price with the dividend. Total return isn't just about growth. For example look at QYLD, and compare it to QQQI. QYLD has a declining share price with a 11% yield. QQQI has an increasing share price and and a yield of 13%. QQQI has a higher total return. QYLD has NAV erosion that erodes your initial deposit, and gradually reducing the dividend cash payout. But the yield stay stable. Orlook at PBDC 9% yield and BIZD 11% yield (before the current market drop. PBDC is the better choice due to total return. PBDC is is an activly managed fund while BIZD is a dividend index fund. Also keep in mind the expenses of these funds is listed at 13% due to a bad SEC law that adds expenses that the fund never pays. PBDC has lower yield higher 0.75% real expenses while BIZD has a higher yield and lower real expenses of.4%. So there is an advanatage of an actively managed fund.
Qqqi vs QQQ: 2 year backtest - QQQ outperforms on total return by 1%. If you include tax, QQQI nets better. I may give up some upside, marginally, to have ongoing income and not have to time market sells to fund my lifestyle. This isn't yieldmax, it's NEOS. You don't understand the difference and that's fine. I am retired and you are a wageslave and can't step back to see the bigger picture, or do any effective research into this specific fund. I agree with you POV regarding covered calls in general. But not all funds are the same. Qqqi is not msty. Totally different.
There is a 1% total return difference over the last two years. I want income. If you include tax benefits QQQI is actually net better. Sorry you don't understand
Lmao just looked into it and QQQI is selling covered calls. I'm sorry to tell you this, but you are the one who has no idea what you're investing in. Please watch https://youtu.be/ygVObRx9X68?si=YrIzVIsaw3djEq5T https://youtu.be/xzDFbv_JSks?si=TL6JE5ISCu7us0ne https://youtu.be/K3sYY3T7V8k?si=doDwnKvl4bHSU00y The tl;dw is that covered calls over time are essentially a withdrawal method for your capital. You aren't getting 14% returns. In fact, mechanically speaking, you are guaranteed over time to reduce the size of your assets, not increase them.
Lol dude I have $700k in QQQI, pivoted from growth to income over the last year. I still have over $300k in a growth sleeve. You clearly don't understand the mechanics. Have you ever heard of covered calls before today? Have you ever heard of backtesting? It's ok man, you can keep working your shitty job and I'll be over here, FIREd at 32, traveling the world, staying fit and fucking hot chicks. Is there some amount of risk? Yes. It's roughly the same as holding QQQ. Maybe even less risk considering the downside protection. You don't have to understand - I've done the backtesting and it checks out. Sorry you can't have what I have. Good luck with that promotion so you can finally crack $80k/year. Might even be able to afford a nice new Camry next year!!!
Lol the way you type, seems like you just started trading. You haven't lost any money yet, or gained any. It's all gibberish and hypotheticals. QQQI began in 2024, and you're talking like it's a guaranteed 14% return every year for the rest of our lives. You'll see. The stock will rise some and drop some, but in a few years the price of the stock will drop significantly as well as the yield. It happens all the time.
Go buy $2M.of QQQI and make $280k in dividends forever. Sounds good
I recently moved $1M from triple leverage NASDAQ to QQQI for income. Now I make $140k in dividends and don't give a fuck what happens
QQQI might declare bankruptcy tomorrow, sry bro 😢
QQQI exists tomorrow and i do nothing
There are covered call funds that used covered calls to convert price volatility of gold and silver into dividend income. yields are about 10%. For gold IGLD and IAUI are two I know of. Additionally these are tax efficient funds meaning you pay very little (close to zero in) taxes you ib the duvudebd you recieve from the fund There is also a silver fund but I don't remember the ticker for it. IAUI is Neos funds and they have other covered calls funds and most are tax effect and have high yield. SPYI and QQQI are covered call funds that invest in the S&P500 and NASSDAQ 100 index. with similar yields and tax effficienty
I believe it's just selling covered calls on Google stock. Similar to IQQQ, QQQI, JEPQ, JEPI, etc. but focused on 1 stock instead of an ETF
the only things I have are QQQI, XOM, CVX, and XLE. Sold all my NBIS and tech. Probably rebuy NBIS when it dips.
Covered call ETFs like SPYI, JEPI and QQQI.
Fidelity whenever I buy 0DTE stock options: …. Fidelity whenever I buy 1 share of QQQI: You need to sign this liability waiver
The deposit limit 7500 a year Now yes if you can increase the money going in you can have a larger retirment fund in retirement. Growth index funds do from titmice to time have 20% gains in a year. but the long term average total return for growth index funds is 10% Historically any good dividned fund with about 10% yield will over the long term do as well as growth index funds. And there is no limit on dividend income into a roth. So if you invest in finds like QQQI 13% yield, EIC 11%. ARDC 9%m, PBDC 9%, EMO 9%, CLOZ 8%, UTF 7% the dividends flowing into the account can be much larger than the yearly deposit. I currently have 500K in my roth and due to income limits I cannot deposit any money. But the dividend income into the accoutbnb is currently 50k per year. That is 6 times higher than the current deposit limit. Meaning my protfolio is growing as fast as what you would get over the long term with growth index funds.
It'll likely be very volatile and trending downward for a while. Worth looking into QQQI or DIVI or similar options ETFs which do well in these markets
FDRXXX is a fidelity money market fund. They are basically the same as HYSA in a bank. Similar yields and FDIC insured. Most brokerages have at least one to choose from Fidelity has 3. Whenever you makeacash deposit into the brokerage account the money goes into the money market account. And when you sell stock or receive a dividend the money goes into the money market account. Realistically you want about 6 months of living expenses saved up in the money market account. Anything more than 6 months of living expense should be invested in either grwoth index fund or dividend fund. Since this is likely a taxable account I would recomend you use a dividend ETF for any money in excess of 6 months of case. QQQI is a good choice much higher yield than money market funds, and aid is tax efficient. unlike the money market never withdrawal money from QQQI. Every month QQQI pays a 13% cash dividend which you can reinvest in QQQI or have it do into the money market account. You can use the cash from QQQI dividend to: Rebuild the cash account after a withdrawal. Use the dividend to cover your yearly Roth deposits. Ore us the dividends for regal monthly bills. In essence you are using QQQI as a money generator and the money market account as a battery The generator keeps the battery full. you can build up the funds in QQQI over time and eventually get 2K a month or more of income from it. Eventually it could allow you to retire before age 60 when when most retirment accounts become available for withdrawals.
Good questions. First, I recommend QQQM not QQQ. Why? Its the same stocks with a lower fee. QQQM is newer and that scares some investors, but not me, in this instance. QQQ also has a higher share price, I think over 600 but qqqm is lower about 250. I compared them and they track identical, and the small differnce in fee is not much, .15 percent for qqqm and .18 percent for qqq. Still little things add up. Small drops of water fill a large pond. Both of these Q;s (QQQM AND QQQ) PAY A NEGILIGBLE DIVIDEND, less than 1/2 of 1 percent. So they are both growth buy em and hold em. You pay zero taxes on a stock until you sell it. Exception: You do pay taxes on dividends, but its a bit more complex than that. There are several classes of dividends. Lets look at these 3: Qualified, Non qualified, and ROC. Qualified and ROC offer tax advantages, non qualifed dont. non qualified is regular income fully taxable. ROC is returning your money back aka return of capital. Now, sometimes this is good, sometimes not so good. Its not really good if the stock goes down $1, and you get $1 ROC. You made zero net. You got a dollar back from what you paid so you dont owe taxes on that. However, with some stocks they manage to work it where a least a portion of your dividend called "ROC" is not reflected in the share price. That is, you get the best of both worlds. For taxes you get your money back, but the share price did not decline so you did well. QQQI is a different animal. Its a Neos "covered call" strategy with 1256 contracts. You can ask your cpa what a 1256 contract is, but it does have some tax advantages on the dividends you receive. QQQI can also have part at least of the dividend as ROC. This kind of ROC is pretty much known as tax deffered until you sell. The choice boils down to what is most important to you. If you are retired or otherwise want a great dividend yield, QQQI is up there better than 12 percent. But the cost of that will be that QQQM will likely outperform long term as it caps your upside. But if you dont need dividend income, you can/should just buy qqqm and hold it sometimes very very long term, because it is well diversified.
If you’re 17 years from retirement, growth usually matters more than income. QQQI is more for people who want cash flow now.
While ROC usually just kicks the tax can down the road, your specific situation turns those distributions into pure profit with no hidden catch. I usually run these income strategies through trylattice since its interactive charts show exactly how ROC impacts your total return over time. It is super helpful for checking the latest stock filings to ensure those high yield ETFs like QQQI are not eroding their actual net asset value too fast.
Came to say the same thing. Keep earning money working, stack it in safer stuff like VOO, SPY, SPYI, QQQ, QQQI. If you want a little higher risk/reward go for some BTCI but stop straight gambling.
IN the current market it is probably best to invest in some dividned funds or bond funds. The market could crash and the value of your investments would drop but the dividends keep coming in. Dividend ar the investment version of invterest. If you took your 150K of cash and invested it in taxable brokerage accountant deposited it in QQQI 13% yield you would get 1.5K per month. As people get older they get uncomfortable with the risk of growth index funds. So for you it is time to change your nesting stratagy for dividend income The only difference between QQQI and your vangard cash money market account is that you would have to sell QQQI to get your full 150K back you would need to sell QQQI. If the market is up you will likely get some captial gains. But if the market is down you have a captial lose. While QQQI has a nice high yield in a market crash there is a good chance the yield will drop and it may take years to recover. So many use bonds instead of dividned fund but those are paying about 3.5% righ now. However there are some very safe dividend [funds.you](http://funds.you) could use, JAAA 5.5% yield, UTG 6.4% yield, UTF 7% yield, and CLOZ 8%yield. These are about as safe as you can get 6.7% yield you have an equal amount of money in each fund. 800K invested in at 6.7% you generate 53,600 per year or about $4466 per month. Now with this portfolio if the market crashes the value of each fund will drop but you will continue to get your 6.7% yield and 4466 per month. So as long as you just collect the dividneds and never sell you will continue to get moneyUTF and TUG have been paying dividends since 2004. CLOZ and JAAA are new ETFs but they invest in one of the safest assets available except government bonds. I would suggest you read the Book The Income Factory and look art armchair income on youtube.
QQQI has only been around for 2 years, during a bull market for big tech stocks. It's volatile, but doesn't have a long enough history to reflect it. The dividends are just financial engineering. The underlying stocks they own generally don't pay high dividends, but the fund pays out their growth like dividends instead of capital gains. In an IRA you don't have a reason to care about the tax implications of capital gains vs. dividends. Returns are returns, and the difference between dividends vs. capital gains is mostly psychological, especially when it's investing in the same underlying companies either way. I'd say just stick with your original plan of FZROX and FZILX. Those are broadly diversified and FZROX will contain plenty of the same big tech stocks that QQQI is investing in, so you'll be exposed enough to that, without extra concentration in a tech fund. 70/30 is a reasonable ratio. Market cap weighting would probably be a little closer to the 60-65/35-40 range, but close enough, and nobody can predict the future and tell you exactly which ratio is best. At your age it's fair to go all in on stocks as long as you have the temperament to not panic sell when there's inevitably a downturn. As you get closer to retirement you'll want to think a bit more about value preservation. But even in retirement, the target date funds often want you 50% in bonds which I would consider too high. Target date funds can be a reasonable option, and better than a lot of the mistakes people can make if they get too involved, but I wouldn't consider them optimal.
VOO is a good growth fund to start out with. And it is tax efficient. With 8K a month coming in this money willl mostly end up in a taxable brokerage. But with grim the popularity often falls quickly. It might be better to consider a dividend fund instead of a growth fund. A dividend fund invests you money and then send out Quarterly or monthly cash profit sharing payments directly into your your brokerage account. QQQI is one with a 13% yield 50,000 will generates about $500 of income you can use for anything:to * you can use the money to keep you savings account full * Use the moeny to pay regular monthly bills * make a yearly deposit into a Roth retirment account. * you can use the money to invest in grwoth or invest for more dividends. Essentially you are replacing the passive invoke from the game for passive income from investmentsin your brokerage acount. I am near retirment and am investing for passive income. I keep 6 month of expenses in a money market account (it's basically the same as HYSA account). And currently have 6 about 6K a month of passive income. Most of which I spend to cover living epees and and the rest is reinvested. A good book to read about dividend investing is The income factory. ArmChair income on youtube invests the same way but he does detailed reviews of funds many of which iare in his personal account.
FZROX and FZILX iare a total market fund and interhnationonal market fund. FXAIX is just a S&P500 index fund. The stock in FXAIX are in FZROX. I would just go with FZROX and FZILX. Both are fidelity zero funds which are only available to fidelity customers and and have zero fees and expenses. IF you invest in these fund and max out your yearly deposit you will have about 2 million invested by age 60. But one issue with Roth accounts the deposit limit is very low. 7500 per year. If you could increase the deposit limit to 15000 you would have about 4 million by age 60. So it is worth it to make changes to get more money into the account. So I would consider adding a dividend fund to your account. dividends are cash profit sharing payment to investors in a company. And a Roth account allows unlimited dividend deposits into your account. I have a fund in my account QQQI. It has a dividend yield of 13% so it will generate a lot of cash Now you could invest all the cash in QQQI or your could collect the cash and and set up and automatic monthly transfers of the money into FZROX and FXIKX and QQQI. AND do an occasional rebalancing so that each fund will hav the same ammount of money..
If you look away from money market accounts, HYSA, and government bond funds you can get dividend funds that have yields of 5 to 10%. Dividend are cash payment made directly into your brokerage acount. You don't see the dividend stock together the money. I a retired and living off of my dividend inomt of 5K a month. Funds I am using are QQQI 13% yeild, ARDC 9%, PBDC 9%, EMO 9%, CLOZ 8%, UTF 7%, UTG 6.4% JAAA 5.5%.
I love QQQI you knows what's crazy is that it's a covered call strategy ETF and you can sell your own covered calls monthly on it also which I definitely take advantage of
I would put the 20k QQQI and turnoff automatic diviend reinvestment. I would then invest future income into growth index funds of your choice. QQQI is a dividend fund with a reliable 13% yield. This would add $2600 a year to your $7500 deposit. This would add more money to your deposit that you can invest in growth fund like VT. With such a small ammount invested total return from you investments is dwarfed by the money you deposit. So getting more money in now will result in a larger portfolio the you retire. After 4 years rebalance the portfolio so each fund has the same amount of money. Both funds will feed each other and your monthly deposit willl also feed the funds. Rebalance every 4 years.
I can't tell you what's better. But I do have QQQI and Jepi. I'd say it more of a set it and forget it and collect the income. I do write my own own options on individual picks also. Performance is better, but that's due to the picks and timing.
6 months a savings is fine if you can get a replacement job in 6 months After 6 months you will be basically out of money. I would invest the $500 into dividend funds in a taxable account.. A good one to start with isQQQI 13% yield and it is a tax efficient fund. Reinvest all the dividends for a 5 years. At that point you should have 40K invested in QQQI and that would produce 4000 a year of income or about $333 a month you could use to cover utilityty bills and other regular monthly bills. After 10 years the income would be about 1K a month. Keep investing in QQQ and either reinvest the diviends or use the money to cover bills. Eventually you willl have significant dividend income. And if you get laid off you will have you can use the dividned income to help cover expenses. Eventually could get to were I am now 5k a month ofincome which is enough to cver all of my living expenses.. I Would suggest you read the book The income factory and look at Armchair income on you tube.
A covered call ETF's total return is always less than the index, so the total return of QQQI is lower than just owning QQQ. My goal selling CC is additional return ON TOP OF my QQQ returns. So my total return is higher than QQQ alone. At least that's how I look at it.
For those wanting to retire early by selling stock for income the recomendation is to have 25 time your living expenses. for dividned you could get buy with about 2.5 times living expenses. The key is to aim for yields of about \^% to about 12%. I'm using funds like QQQI 13% yield , EIC 11%, ARDC 9%, PBDC 9%, EMO 9%, CLOZ 8%, UTF 7%, UTG 6.4%JAAA 5.5 % for dividend income For more fund ideal look at Armchair income on youtube. He is investing exclusively for dividend income in retirment.
don't restriction search to funds with the lowest expense ratio possible. You only need to exam the expense of the fund when you are looking at 2 or more nearly ideentical funds. So by restricting the search to the lowest expenses you got a list of mainly growth fund. Growth funds are very good. Since they only follow an index they are so simple computers can do most of the day to day operations of the fund. Leading to low extremely low expenses. some specialty funds Lime MLPS and BDC dividned funds will probably be excluded. MLPs funds have to deal with K1 tax forms which tax processing fees to the expenses. BDC are subject o a flawed SEC rule that requires them the add associated expense to the funds expense. The funds never pay this expense which is about 13%, PBDC has a yield of 9% a real expense of o.7 and BIZD 11%yield has real expense of 0.4. Yet PBDC has the higherI total return. It is not ideal to have a protfolio of just grwoth. Retirement account have deposit limits. which will limit the size of your portfolio by the time you retire. Having some high dividned funds in there will add cash flow into your account beyond what you get with just growth funds or gobvernment bond funds. I have PBDC, EMO both 9% yields in and QQQI in my portfolio for this very reason. The high dividend yield from these funds early exceed the $7500 deposit limit of my roth. The higher cash flow into the account allows the portfolio to grow faster.
Must be friday All the anti dividend /Passive income people have spammed this post. yes safe bonds and HYSA don't pay much in yields. But there are dividend funds that pay much higher yields. QQQI (A covered call fund) for example has a 13% yield. Not the highest yield available from cover d call funds but It doesn't have any of the problems the higher yield funds have. 4.5 invested in this fund will produce $585 a year not much. But is you deposit 500 a month for 10 years you will have 125K and the yearly dividend of 16k a year. A little over 1K a month. And you pay less taxes on the dividends so it is a tax efficient fund. The key to high dividend income is to consistently depositing money every month to build up a large portfolio. Not covered call funds are not the only choices In addition to QQQI I have ARDC 9% yield, PBDC 9%, EMO 9%, CLOZ 8%, UTF 7%, UTG 6.4% and JAAA 5.5% I have these in my roth and they are currently pumping about 5K a month into my roth. I also have some in a taxable brokerage account so I can access the cash now.
Not all people have parents or friends to fall back on if you loose your job An emergency fund is ver sound advice because every once in a while you get an expert car repair, medical bill or some other unexpected expense. But what amy people don't realize the emergency fund is just the first step after your retirment fund is set up. You can set up investments in a taxable account. Unlike retirment accounts you can access money in a taxable brokerage accountant any time. I f you invest money in this account in a fund like QQQI 13% dividend yield. Y inou could reinvest the dividendinto QQQI and gradually build up the money iin QQQI to $50K which would then generate $541 a month. Over time you could build up the dividned income to 40K a year. Eventually dividned income could cover most or all of your monthly bills. It will take time to build up this income but once you get there it is extremely helpful I would suggest you read the Book The Income Factory and look at Armchairincome on youtube.
At some point people need money from their investments. Now you can sell for income or invest for dividends. I am 55 and my current dividend income is 5K month and I retired and that covers my basic living expenses. By age 60 when I have access to my retirement account I should have 10K a month of dividned income. My dividend investments right now are QQQI 13% yield, ARDC 9%, PBDC 9%, EMO 9%, CLOZ 8%, UTF 7%, UTG 6.4%, JAAA 5.5%
SCHD, VOO, QQQ and QQQI combo
I have batch 30% yield, QQQI 13%, SPYi 11%,EIC 11%, ARDC 9%, BPDC 9%, EMO 0%, CLOZ 8%, UTF 7%, UTG 6.4%, JAAA 5.5%
VOO,SPY,QQQ,SCHD,SPYI,QQQI,IDVO,SGOV,O, and CHPY. 10% in each. Growth with VOO,SPY,QQQ,SCHD and IDVO. Income with some growth with SPYI,QQQI and CHPY(as of now no NAV decay at all.)SGOV bond exposure plus it’s extremely safe and pays monthly. O gives you exposure to real estate. Yes there is some overlap but each one does it a bit differently. Something likes this is my ideal portfolio. If I was still in my 20’s and able to invest.
I would invest it in QQQI 13% dividend yield. This would generate about 1.5K per month. or 15K per year. you could us the income to pay off you debt slowly while you look for a job. many assume the best way to generate income is to invest in a rental house. However many that have tried that hav later found dividend investing has fewer expenses and less work.
Inflation often comes in one short surge than drops. The long term average inflation rate in the US is 3.2%. So it will probably not be as bad as you think but the future is unpredictable. I suggest you look into a different retirment stratagy that doesn't involve drawing down your portfolio. Let's assume you need 100K to cover living expenses in retirment. you could set asside 1million in your portfolio into dividend funds and get about 100K in dividends. Dividends are profits of your investors distributed to you as cash without selling shares. There are people that have retired on 200K of dividend income per year. Also on risk no one plans for is an injury or medical issues that prevents you from working. Effectively forcing people to retire early. One thing you can do is to invest in dividend income in a taxable acccount. I retired early with 5K a month comming from dividend funds in my taxable account. I would suggest you read the book The Income Factory. And Armchair income on youtube is a good resource for fund ideas for an income factory. Some of my favorite dividend investment are QQQI 13% yield, ARDC 9%, PBDC 9%, EMO 9%CLOZ 8%, UTF 7%, UTG 6.4% and JAAA 5.5%. You can add government / cooperate bonds and municipal funds.
Dude I am in a similar financial situation, just turned 25 but renting with my Fiancé. I had about $100k in my HYSA at the beginning of the year, slowly putting it into QQQI, VTI, etc. Going to keep like $50k in HYSA and stack it back up as we get closer to buying a home. Fiancé finishes grad school in 2 years, probably buying a year after that. Really banking on something happening to mortgage rates or home values in my area. Everything just seems overvalued right now, all things considered.
when you have 100K more more in HYSA you should invest it. Now you could investing grwoth index funds but as long you have bills to pay you should invest for income. You stated you are making regular deposits into a Roth IRA That is an expense of 7500 a year. If you invest 100K in QQQI which pays a dividend yield of 13%, you would get about 1K a month of income which can be used: * Pay your roth deposit * Use the dividend income to pay our bills. * The dividend income would make it also easier to maintain your 100K emergency fund. * you can use the dividends to cover living expense in the event you loose a job or are unable to work for any reason * Every dollar of dividend income that is spent on covering bills will allow you to invest more income work income For you now I would consider removing some of the emergency fund to develop dividend income. 57K youwould be enough to cover your Roth deposit commitment. At that point put and equal ammount of money in QQQI and your HYSA And while you are at it invest some money in your roth for dividend income there is no limit as to how much money your investments can earn in a roth you could have 12K in dividends in your roth and still deposit 7500 per year into the roth the more money you have flowing into a roth the faster your portfolio will grow. I would recomend reading the book The Income Factory nd looking at Armchair income on youtube. I am approaching 60 and I get 5K a month from a taxable account And my roth is already able to produce the same amount of income.
For a 3-5 year horizon you can do much better than a measly 3.5% distribution rate. Consider putting the 100k in SPYI, QQQI, and IAUI at equal weights. QQQI has a distribution rate of over 14%, SPYI at 11.8% and IAUI at roughly 12%. Set it to DRIP, so every month, the dividends are automatically reinvested and you'll pay no taxes because they're return of capital(ROC). Just keep doing that until you need the money down the road.
I dont think you understand how some covered call funds operate. QQQI for instance is return of capital(ROC) so if you reinvest in the dividends each month in a taxable, you pay no taxes. QQQI gained almost 19% in 2025 which outperformed the sp500 index. ROC makes it very tax efficient and if you sell shares, its automatically 60% long term capital gains.
Why are they so damn popular then? lol QQQI has been out for a little over a year and it has an 8 billion in AUM already.
In 3-5 years I would invest in SPYI, QQQI, QDTE. mainly covered call funds with a high distribution yield..