QQQI
NEOS Nasdaq 100 High Income ETF
Mentions (24Hr)
0.00% Today
Reddit Posts
Thoughts on the "double dipping" portfolio ive been building
Is the wheel strategy a viable FIRE income plan vs. the 4% rule ?
Having to sell $10k to pay bills. Which one would you pick?
How are covered call ETFs taxed in an inherited IRA?
I am at a crossroad in my mid 20s of what I should do, I'd be very appreciative for some advice
What stocks should I invest my $1000 into (Roth IRA).
Thinking About ROC Heavy ETFs in a Zero Capital Gains Country
Portfolio is -80%. learn from me. Offer advice if you can
QQQI CC and Secured puts Strategy (looking for advice)
Just started investing at 19! A lot of things overwhelming and need advice.
Transitioning from the Accumulation to Distribution.Spend phase of life and generating income in retirement?
Investing Strategy: Dividends viable for living in low income countries?
QQQI vs QQQ/SCHG? Why does QQQI appear to be the better option due to market volatility and potential sideways action?
Investing Advice For A 38 YO Healthcare Business Consultant.
Feeling stuck in JEPQ - hold or take the loss to move to another fund?
anybody investing in these 10%+ dividend yield ETF's?
How can the SEC yield be so much lower than the distribution yield, and what does that mean for future dividends?
What’s better than MSTY for return on capital and dividends?
What’s better than MSTY for return on capital and dividends?
young buck looking for some advice from the seasoned veterans
Mentions
I'm feeling smug with my QQQI distributions while everything moves sideways. Probably means I'm about to get fucked.
you don't have to be growth or dividends. You can do both in one portfolio. In my taxable account I have FAGIX for growth. For dividneds I have QQQI 13% dividned yield, SPYI 11%, KGLD 11%, EMO 8%, UTF 7%, UTG 6% PFF 6%. This portfolio currently generates 5K a month that covers all of my living expenses. I does generate a bit extra about 1K which I reinvest for more income. These dividend funds pay monthly and produce qualified dividned to minimize my taxes. Since i started investing for dividends just before 2020 I have not seen any dividend cuts or any significant problems. Automatic dividend reinvestment is turned off for all these funds so the cash is in a money maker account and I keep a minimum of 6 months in the money market. FAGIX is the market holding with some individual growth stock picks. Otherwise every thing is in ETF or CEF funds. The growth is mainly long term savings for major emergencies or inflation adjustments. And I have 401K mainly growth and roth IRA which is a mix of growth and dividend. But since the Roth is tax free I have other dividend funds that are not tax efficient. Since dividends are very stable I don't worry about the volatility and risk of my growth funds. If I sell growth it is only in the ammount necessary for the emergency or inflation adjustment For example sell 4% of the growth once every 4 years to insure I never run out of growth.
If your investment phiosophy is growth focused many do sell when the market drops. But dividends investors typically don't sell . Growth if very volatile but I'm comparison dividend are typivccallly very stable. I have not seen any any dividned cuts since i started focusing on dividend just before covid started. I have a taxable account that is focused on dividned income it generates 5K a month reliably which I use to cover all of my living expenses. I am currently invested in QQQI 13% yield, SPYI 11%, KGLD 11%
I have QQQI 13% yieldSPYI 11% , KGLD 11%, EMO 8.5% UTF 7%, UTG 6.2% test the price goes up and down but they always pay a dividend. You could get about 1K a month form these funds and the income is taxed at a very low rate so they are tax efficient funds. The income has been very stable. The dividned are paid out monthly so I primarily check the dividned ammount one a month and and ignore the up down news.
NEVER trade with money you can't afford to lose! After 20-years my job gave me a 1-year severance in 2024, which I then focused heavily on up'ing my trading skills etc., so glad my brother-in-law had got me into trading in 2023! Ultimately I retired early not wanting to compete with other (now 20) to 40+ year old engineers that have been getting laid off as well. I was trading in the upper 60 to mid 70 percentile, as far as win / loss, nothing spectacular (aka worthy of a YouTube channel LOL!) Once I discovered the monthly return ETFs (QQQI, SPYI, JEPI and JEPQ), in my IRA, I went all in, and bless, they're paying my mortgage every month and other bills. I've also added some income ETFs now in my stock account to make cash when I'm not trading, I park those returns into SNSXX (avoiding state taxes) as emergency cash / dry powder for trading. Recently learning of OVI here on Reddit, I'm trying some of that too to see how that does... Good luck w/your investments!
1). The monthly income you are getting now will basically be untaxed as they achieved 97% ROC and hence their fees are worth it. 2) Your basis in the stock adjust down accordingly creating a deferred tax time bomb when you have to sell them. After 7 years, the basis is likely 0. Everything from here on out will be long term gains 3) for the 7 year window (QQQI) and 10 for SPYI, it is a chance to cutover from a tax rate say 55% for me into 20% down the road when I no longer plan to work. 4) It's not really ideal for someone in their 20's and 30's kicking the can 7-10 year out and create a bigger tax problem, but perfect for people that plans to work a few more years and kick the can to early retirement (before SS or forced distribution of other deferred comes in. You can't overdo it as income in 2031 even when not working, have SS or forced distribution can still create a problem. Something around 50K in annual income is manageable for tax. 5) I plan to donate them once the basis is 0 to take the tax deductions if it makes sense and contribute to society
Oh no? Why not? There was a lot of buzz about QQQI in recent months. Both have gone up since I've had them, which isn't long.
You have done very well saving but you are imbalanced with all growth and no income. What I would do is sell the 100k and reinvest the money in a high dividned fund, QQQI for example. QQQI has a yield of 13%. So that 100K would generate 13K of income per year and it is a very tax efficient fund so you won't pay a lot in taxes. 600K in high yield funds with a yield of 10% would generate 60K a year of income. So you may watt to start slowly shiting your portfolio away from growth in the taxable account. You could use the money from this fund to pay down your home loan or if needed use the money to cover other expenses. And if you slowly sell of and reinvest the money in the brokerage account in to dividends. you could buildup secondary income sufficient to cover muchof your living expenses. giving you more financial security. In my taxable I have QQQI 13%, SPYI 11%, KGLD 11% EMO 8.5% UTF 7%, utg 6.2% , and PFF 6%. The lower yielding funds are selected based on nong term dividend stability. The other are covered call funds with no NAV erosion. All are tax effect producing mainly qualified or ROC dividends to minimize taxes. For me this protfolio generates 5k a month. Enough to cover all of my living expense.
Some people prefer no bonds others prefer dividends over bonds. many just go with growth It is mainly a mater of personal preference. One thing to keep in mind is that the more money you can get into the account the larger the account will be when you retire. But the roth limits you to 7.5K a year. One way to get more cash into the account The interest from bonds adds additional money to the 7.5K a year deposit. But the yield is low about 4%. I would use a dividend fund like QQQI 13% yield 100K invested in QQQI would add 13K pre year to tha account. Add in 7.5k yearly deposit and you now have 20.5K a year going into the account. If you reballance every couple of years to 50% QQQI and 50% VOO and reach 1 Million invested you would get 50K a year of income and 500K in growth.
Start a taxable account and invest in QQQI 13% yield, KGLD 11%, EMO 9%, UTF 7%, and UTG 6.2. These are all tax efficient dividend funds, Simply buy and hold these funds. The purpose of these funds is to give you and secondary income stream you can use if you loose your jobe or the next Pandemic. Simply make regualr monty payments into these funds. Eventually it could generate enough income to cover all of your living expenses. At that pointyou couldretire whenever you want. Open a roth and invest the max allowed by law. This can be growth and dividneds if you want. Again this is simple buy and hold. Nothing hard and timing the market and trading is not necessary.
Note not all dividneds are taxed as ordinary income. Some dividneds are taxed at the the lower tax long term capital gains rate or ROC which is even a bit lower. ROC dividend are even tax free for a period of time (often years) I am invested in QQQI 13% yield, SPYI 11%, KGLD 11%, EMO 8.5%, UTF 7%, UTG 6.2%. QQQI is tax free for 7 years then is taxed at the LTCG rate. SPYI and KGLD are tax free for 9 years and then is taxed at the LTCG rate. The remixing funds on the list are only taxed at the LTCG rate. But they have a much more stable dividend income. I built up all of these funds in a taxable account and I have growth in retirment accounts. Today it covers all of my living expenses in my 50s So I can take a 1 yer trip at any time.
If you are creating income portfolio then diversification is best, so have some in VOO / XEQT and QQQI, SPYI, JEPI, TSPY etc. If you are young and don’t need monthly income then just do index ETF.
My "thesis" if I have one, is basically to keep the large amounts in well known, highly regarded ETFs like SCHD, SCHG, FCPI, JEPQ, QQQI, etc., and smaller amounts in individual company stocks.
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%
age recomendations are based on the idea that : * Everyone is investing retimrent . * Everyone is aiming for maximum total returns. * Everyone is working and has no need for extra income. * Everyone has the same risk tolerance. These assumptions don't apply to all people, So ther is no-one size rule that works for everyone. The best way to look at this is based on the a count type. If you are using Roth IRA were there are no taxes and you cannot withdrawal the money intuit age 60. These account are great for dividned and gowth at any age if you don't need access to the funds until retirment. 401K and and traditional all IRA also fit in this category. Taxable account can be used for any investments but you need to keep track of taxes. Taxable account are ideal for dividend funds that have high yields and generate ROC or qualified dividends that are taxed at lower rates than interest and work income. I personally have QQQI 13% yeild, and SPYI 11% , EMO 9%, UTF 8% , UTG 6.4% and PFF 6.% in my taxable account. The dividends are all from tax efficient funds and genrate 5K a month of income now which is about equal to my living expenses. and I use the income to maintain a 6 month emergency cas account. And this income allowed me to retire in my 50s. I have a 401K and roth which I will be able to access at 60.
It is still good advice because annoying beyond 6 month of cash should be invested in bond or dividend funds. So If you have enough bond income or dividnedincome to cover all of your living expenses and turn off dividned investing the dividends will refill the cash account. And as long as you spend less than the dividend income you will never run out of cash aNow it does take time to build up a good dividend portfolio but once you have it you could be unemployed for years and still hav income For many people 6 month of cash works out to $30K to 60K. 60K in QQQI a dividend fund with 113% yield will produce 7.8K a year. so yes it will take years to build it up but ingeneratl most people are employed longer than they have been unemployed. So while working it is a good idea to to star this. I have a dividend portfolio of QQQI SPYI 11% yield,EMO 8%, UTF 7%, UTG 6.4%. are tax efficient funds so you won't pay a lot in taxes. And all pay in monthly installments it currently generates enough to cover my 5K amount living expenses.
Keep in mind the age - 100 rule was widely used before retirment accounts existed. So everyone was using taxable brokerages. With no ability to avoid taxes the safe way to minimize taxes was to gradually shift you porfolio from mostly growth to mostly income over time. Now with Roth, IRA, 401K many say stay full invested in stocks and then switch to inocme. Since you can sell at any time and pay no taxed this waite until the last minute aproach will work. But these are strictly retirement rules. which means it is assumed you cannot withdrawal the money until age 60. There are many peoplethatdon't want to wait for incomeuntile age 60. having divined income from your investments can be a type of insurance against unemployment or a medical crysis that prevents you from working for moths to several years. Others want to retire ass soon as possible, gas 30 to 40 or earlier, and that means a taxable account. Others want income for vacation or hobbies. So overall i would not use age as rule defining how you invest. With dividend funds like QQQI 13% yield, SPYI 11% yield, EMO 8%, UTF 7%, UTG 6% and PFF you could get substantial income at any age for any reason and these funds all generate qualified or ROC dividend so they are tax efficient investments and the income is paid out in montly installments.
mostly cash but my "Safe" QQQI still dumped 500 bucks,
Exactly. Steady 'safe' investing got 'boring' so people piled into MU, NVDA, META, Oracle, etc and are suffering for it. 'Be fearful when others are greedy' and all that. Meanwhile my dividend heavy brokerage portfolio is up 0.2% is up today. SCHD is up 0.4% I do own some QQQI but it's a fraction of my total portfolio.
To clarify, I was using extra margin to buy QQQI to try and stabilize my account for a *slight plullback and still take advantage of my full margin since as ASTS kept increasing so did my margin limit.
QQQI Ex date is coming up. I’m still bag holding but im putting it out there
If 60k is your annual spend, SCHD alone would pay you 72k per year and your taxes would be covered or you’re right on the edge. This means you can mix in tax advantages high yield ETFs like SPYI and QQQI and make over six figures. Your hypothetical is my end game.
You basically have a saving account for an emergency fund. Most people have them but the interest you get is basically just keeping up with inflation. So you are not really making progress . I would open a taxable account and move 50% of the money in the taxable account. Invest in QQQI 13% yield and turn off dividend reinvestment. Dividends are regular cash profit charing payment to you. Dividends will show up as cash in a money market fund which will also earn interest like your bank saving account. The move the remains 50K from your bank to the brokerage account and leave it as cash This would give you 50K for emergencies. And if you use some this emergency cash QQQI will slowly refill it. without you using any of your work income. Most of the time you probably won't need the cash. and the cas plus dividend will continue to build. Then open a Roth IRA and star making $540 money deposits in the Roth account. In the Roth account invest the money in VTI and VXUS. Keep and equal ammount of money in VTI and VXUS. Your 100k that was doing nothing is now funding your retirment account and and you hav emergency cash you can use. And if needed you can stop the investments into the roth to rebuild the emergency savings if use some of the money. Then you could setup monthly automatic transfer from the bank to taxable brokerage account. The ammount every month can be whatever you can afford. Then in the brokerage account setup an automatic purchase of QQQI stock This will increase the dividned generated per month. And if you want you you could add VTI to your taxable acount or other dividned funds like EMO 8% yield, UTF 7%, UTG 6.4% to your taxable account. And ther is noting wrong with putting a dividend fund into the Roth. I highly recoment you setup monthly withdraws from the band and automatic montly depots into the Roth. Montly automatic purchases of VTI and VXUS stock. This way you don't have to do anything other than occasionally checking your account to see if everything working smoothly.
QQQI is fund not a company. It hold the NASDAQ 100 index. and it uses covered call to convert the price volatility of that index to income. So this fund has much lower growth than the index it fallows but a high dividned. Some times higher dividend payments could mean the company is going under. Other times there is nothing noticeably wrong and to company goes bankrupt overnight. In general there are safe dividend funds with yield s up to about 15% Above 15% many funds have NAV erosion or cash flow problems. But before in any fund you should read the prospectus fire and then make sure you understand wha it does. I I would suggest you look at ArmChair income on YouTube. He invests for dividends and does detailed reviews of many of the funds he has in his portfolio.
I'll take leaving some gains on the table to not lose my shirt when the bubble pops. It's called risk tolerance, and this bubble is just too risky for me. I do own some QQQI to get some returns from the bubble, but if we are going by what could make me the most money short term, I should have just gone all in on MU and NVDA, but I want to retire comfortably in 25 years, not try and get rich quick.
It depends on the situation if you sell growth for income it is less effective than collecting low tax dividneds using coerced call funds. QQQI generates ROC dividends So for about 7 years you pay no tax so in the list of funds I made it is the most tax efficient fund. Also when selling growth for income people often sell a lot at once while dividends come in slower This diffference may result in a low tax payment. for dividneds
Broadly I'd suggest you model out bear/average/bull cases for all your liquid assets (you can do more than just 3 cases such as -10 -20 -30 -40 for "bears") and use that to help determine what is the maximum nominal drawdown you'd accept on QQQ. Then you can liquidate an amount that makes this nominal drawdown amount improbable to impossible. The larger the weight of QQQ, the more impactful it is and vice versa. But truth is if QQQ crashes, everything goes down with it. Top 10 weights in SP500 and NAS100 are getting closer and closer to matching with each passing year. In other words, the most successful and profitable companies are concentrated in tech. NAS100 is no longer the risky index from 25 years ago, it drives the modern economy. I'm retried early as well. I still have individual stocks to liquidate, and pushing proceeds into VOO QQQM SMH SCHD VIG VYM JEPI QQQI. I have high conviction on the individual stocks so just converting when I feel it's advantageous to me. But it's your money, and if you feel like playing crystal ball with it is the best choice than by all means go for it. You're asking here because I'm assuming your fudiciary didn't suggest the panic sellout route.
Sell and buy 300k of QQQI after taxes for $3500/month of passive income
AVGO and NVDA are a very outsized part of my portfolio due to their gains (over several years to decade adding). I am slowly liquiding portions when I feel it makes sense if from taxable account or just trying to cut at near term highs rather than at lower points in tax advantaged. I still believe both will continue to outpace the SP500 for years to come. But regardless of conviction, it's foolish to be too heavily concentrated because you could be wrong and anything can happen. But I still want exposure to semi - so my funds go to a mix of VOO QQQM SMH SCHD VIG VYM and a little bit to QQQI and JEPI.
Sell and cut your losses now. SPCX is the big dog and even they are falling, let along 2nd or 3rd best space companies. Keep PE and PS ratios in mind before you buy your next stock. Or just invest in QQQM for good growth or QQQI for consistent 13% dividend if you don’t know what stock to pick.
SGOV is basically the same as a Money market fund or HYSA. I would rather deposit money into a high yeild fund like QQQI 13% yield. and turnoff dividend reinvestment and and led the dividned fill a money market account. build that up to 5 most of cash Anything more than 6 month would be reinvested for more dividend income Eventually the dividned income may be enough to allow you to start funding the Roth. So now you have dividends funding your Roth and keeping your emergency fund full. Eventually you could start using the dividned income to also start covering some of your monthly bills. Which would indirectly allow you to increase your 401K invsitment. Eventually I added other dividned funds like SPYI 11% yield. EMO 9%, UTF 7%, UTG 6% and PFFD 6%. All these funds are taxed at ta lower rate than your work income and they pay montly dividends. My taxable account now generates enough inome to cover all of my living expenses. it won't fix your problems overnight. It take time to build up the divine income . And the more income you have the easier it is to invest for retirment.
So many of you have told the OP to buy and hold, then sell sometime in the future, after appreciation. You're missing a key point: the OP is looking for some immediate or near-term income - there's a sh\*#load of frustration and impatience in that post. The other thing y'all aren't hearing is that the OP seems to be stuck in a 'no/low risk but high reward' mindset. The OP mentioned having a bond fund/funds. That tells me real risk aversion. So the OP needs to relax a little AND be rewarded with seeing tangible portfolio increases in the Roth, my guess within the next 6 mnth or a year, before he/she jumps off a cliff. I'm going to suggest baby steps for this OP. If it isn't like this already within the Roth, change it to: 1/4 Bond of something like SGOV, for security, 1/4 Growth like VOO (which will be realllllly tough for the OP to have faith in, this can take years in a flat market), 1/4 in a middle-of the road ETF like SCHD, and 1/4 in covered call ETFs, like QQQI and SPYI. << That last one is where the instant gratification is. Further, you all are wrong to say ETFs don't appreciate. I'm looking at my Schwab now and I have some covered call funds - SPYI, for example - that has a 38% appreciation in less than 2 years, PLUS the 10%+ yield. The worst performer I've had (which I sold a few years ago) was JEPI. I have ETV, which gives me a solid 7% yield with only 12% appreciation in 2 years, but I keep it because it is tax-advantageous, somthing the OP doesn't need to worry about. I also have GPIQ and NIHI, among others. I'm trying to post a screenshot of a partial view of my portfolio on here but I can't seem to do so. All in all, I don't believe that over the long term the OP needs a big covered call portfolio. But to kick start their psyche, yes, it's a good move.
QQQI will solve your problem. 14% yield, very tax efficient, it has NAV growth. Not NAV erosion.
If you need monthly income, QQQI is a good choice that pay 1.1% dividend every month.
Your options are very limited here. If you need to preserve your principal, then you're limited to low-risk assets, which will have low returns. The riskiest you'd probably want to go is something like JAAA or CLOA. These invest in triple-A-rated collateralized loan obligations. While not as low risk as treasuries, triple-A tranches of CLOs have never had a default in their entire history. However, since they are not government-backed securities, there is always a non-zero risk, and that non-zero risk results in higher yields (4.9% currently). If you want to push the risk envelope more, you could look at the lower tranches (CLOZ), which currently have a yield of around 7%. Anything beyond this and you're going to have to take on market risk, which means putting your capital at risk. QQQI, for example, currently has a trailing yield of 13.5%. However, if the market tanks, then so does your income and principal. DO NOT CHASE YIELDS. Some funds claim to have even higher yields, but these are yield traps. They'll return your capital as part of the dividends, and you will wind up losing money overall. That is why it is important to look at total returns when looking at income.
QQQI has 14% yield , most of the income is not taxed for7 years and it has NAV grwoth. No NAV erosion. This will reliably generate 1K a month.
Yeah for sure, I don't know her so I'm giving the blanket advice I'd give any 15 year old You're right tho - she'd learn about risk and reward faster with QQQ or it's spinoffs If she wants to do something more active/engaged, I'd definitely go your route She can learn about expense ratios with QQQM or income strategies with QQQI
I'd be careful about dividend ETFs like QQQI. While the idea of getting cold hard cash might seem enticing, remember you're paying realized taxes on those dividends while if you instead just bought QQQ, it'd grow tax-free until you decide to sell.
Just watched the Kamikazi Cash video on QQQI, is it really a solid div paycheck?
ETFs are guaranteed = look at NEOS QQQI SPYI MLPI they play cash monthly around 12% annual plus. Modest expected appreciation. That’s 15% in my ROTH as I’m 85
Back during the pandemic, I got all in with the euphoria (i.e. ARK Funds) and got left holding the bag. Today, I'm trying to be patient and waiting for a significant drop before redeploying more for long term (SPCX, CBRS, even MSFT). Instead of building positions on single company stocks, been just dabbling in on dividend income funds such as SPYI, QQQI, PFFA, and MLPI that will have less volatility once the dip happens while still building income for this potential dip.
Typically you have to sell waite for the transition to settle and when the cash is in your account then you buy. But you could also invest in a dividned fund like QQQI 13% dividned yield, and turn off automatic dividned reinvestment. The monthly dividned payments will show up as cash in your account. And you care reinvest that cash as you see fit.
Anything is possible. You can have both and diversify, but definitely consider it more long term than anything. My biggest positions are NTDOY and SCHD, and I plan on keeping them in my Roth IRA so I don't pay taxes on the dividends. I'm a newer investor but these are the ones I see most value in based on how cheap they are currently compared to most other index ETFs doing the same thing. I'm also considering investing in QQQI/QQQM and one of the higher yield SPY ETFs. NTDOY is more so for diversification and the fact that they're just a solid profitable company in gaming that I personally see growth in for the next few decades. NVDA is solid, but I think all semiconductors and most tech is incredibly volatile and uncertain with AI development futures. Sure, it's going parabolic, but for how long? AI might be utilized well in the future, but it's getting a lot of push back for good reason, and is mostly unprofitable outside of the companies getting their stock bought out to build and run data centers that are getting cancelled left and right. Do what you feel is right though, do as much research as possible and take it day by day!
That sounds like a very good idea. I have no idea what QQQI is though. My thought is higher dividend payments equal company is going under and stock price will plummet.
consider putting your 300K into dividend funds. Not I live in the US so I may not know everything about UK ISA account. In the US I can invest in QQQI 13% yield 300K in this acount can generate 39K a year which you can either reinvest or spend. At 500k invested it would generate 69K year. having this much stable income from your investments could carry you and your family through periods of unemployment. Now QQQI is a US fund. For tax reasons you may want to look for a similar domestic fund. to avoid foreign taxes. Note dividends are cash profit sharing payments directly into your account. You don't sell shares of stock to get this income.
I live in the US but have read a bit about your account options. Give the deposit limit of your TFSA I would consider investing your entire TFSA dividend funds. For example QQQI is a dividend fund with 13% yield. You TFSA has a 100K deposit limit. So 100K invested in QQQI would generate 1K a month of income. IF you reinvest that income your account will grow beyond the 100K limit. And if you withdrawal only 50% of the dividend and reinvest the rest you could get monthly income and still grow the account. In the end you will have an account that makes montly deposits into your bank account. And eventually you could get 2 to 3K a month deposited into your bank account or more. Now QQQI is subject other tax withholding because because it is a US fund. So you might want to look for a comparable canadian fund.
If you have been investing for 25 years your are like 50 years old. Which means your subconious financial goals are changing form growth to capital preservation and income. I would look at investing in these funds JAAA 5.5% yield CLOZ 8%, UTF 7%, UTG 6.4% and ARDC 9%, FAGIX 6% UTF and UTG survived 2008 with no dividned cuts While JAAA and CLOZ and didn't exist the investments they invest in continued to pay out income when the market crashed. FAGIX if a 40 year old bond fund that has always payed a dividend. ARDC is only 15 years old but it has a very stable dividend. i have these funds in my roth and have QQQI 13% yield, SPYI 11%, PBDC 9%, EMO 9%, Right now my roth has 500K invested and generates about 5K a month which is all reinvested. IIt will be few years beforeI can access this income.
You could get overexposed to gold. But the bigger problem is you you're putting money into an asset that may never pay off for you. Gold has tendency to stagnate for long periods of time. And then for a short period of time shoot up and then quickly drops. Many miss these peaks and either sell at a much lower price or don't end up selling it. I could instead invest in IGLD. IGLD sells covered alls based on gold price. this fund Basically converts gold price volatility into steady income. Overall it will generate 10% yield of 10%This would be 1K a year for 10K investment. Note the yield is currently higher right now because here was a large special dividend recently. Eventually the yield will drop to its historical normal level. Ther are many funds you could invest in for income which generally is better invesmtnte than a shiny metal. Such as QQQI 13% yield SPYI 11%, EMO 9%, UTF 7%.
What you should do I open a taxable brokerage account and invest in QQQI and turnoff dividned reinvestment. It is not growth fund like VT. QQQI produces dividend which are cash profit-sharing payments directly to you. With automatic dividned reinvestment turned off these cash dividend will go into a money market fund. When there is enough cash in the account you can buy a car. 4 years of saving 1000K a month in QQQI will generate 7K a year or about $583 a mont of income. If you keep you investment going into VT for retirment in a retirment account. and then open a taxable brokerage account in invest in QQQI The retirment account if for the future when taxable brokerage is for now. Over time you can build up a passive income stream in the taxable account that can exceed the ammount of money you can get from side gigs. And it could eventually exceed your work inocme. You can keep some the cash for emergencies , cover you montly bills (utility bills, mortgage, rent, or car replacement and operating andmaintnence costs.
Inflation is definitely a thing. I guess it would depend on dates. So true, eventually yes. But $1m still has a lot of bite. it's my understanding that $1M invested in QQQI or GPIQ can generate over $10k per month. It's not going to perform better than an index fund over the long run. But it's a nice tool for somewhat steady monthly income.
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.
I was doing QQQI for a good while, but it caps your upside and you’ll still get the same losses holding the same actual index, and i’m not looking for a CC ETF
I have an inherited IRA that I split between SPYI and QQQI. I get around $4,000/mo before taxes. Growth has exceeded the dividends so far so there’s been no NAV erosion. Since this was basically found money, I wanted to test this as an income stream strategy for retirement. I don’t have any complaints so far.
Generally you want to have about 6 months of expense save up as cash. Anything more than that Recommend investing it in tax efficient dividned fund. HYSA are very similar to money market accounts that brokerages have So I would move the HYSA into a schwab government bond money market account and then anything else I would put into QQQI 13% yield. And turn off automatic dividend reinvestments. US the money market account for any unexpected expenses or emergencies. the dividends will show up as cash in the money market account. then if the money market account gets above the 6 moth level use the excess money to buy more shares of QQQI. IF you get a bonus at work or a money gift put that into QQQI. QQQI will refill your money market account slowly. But the more you add to QQQI the fast the money market account will fill. Eventually when QQQI is worth 100K it will produce 1K a month of income Every additional 100K in will add an additional 1K a month of income.
Put it all in QQQI and collect the monthly premium and your young as hell last place you should be is in money market
If nothing else get into something like JEPI, JEPQ, SPYI, QQQI and start accumulating dividends while you wait.
buy SPYI and QQQI and go sit on a beach with 10k per month in dividends. Peace out world.
That a worry you have because you need to learn more. No, the NEOS Nasdaq-100 High Income ETF (QQQI) cannot literally "run out" of shares to issue. Because it is an **open-ended ETF**, its market makers can continuously create new shares to meet investor demand or redeem them if demand falls, effectively keeping supply matched with market needs
My biggest worry is that one day QQQI (or JEPI or JEPQ or SPYI) will suddenly say: that's it, we're out of shares. So, no more dividends for you! 😃
Depends on your goal. If you’re simply looking for money to appreciate over time for retirement, then put it in a simple index like others have recommended. If you are looking for another income, check out something like QQQI or Spyi. QQQI is yielding something like 13% on average. That’s an additional 50k a year of income assuming you put all the capital into it. The downside is the share prices don’t move too much, so there isn’t much upside in long term appreciation. However, an additional income of 50k on top of your salary is nothing to scoff at, might be worth looking into, just my 2 cents
I’m normally cursed with terrible luck with stocks, so I bought 1 share at $167 on Friday. I’ll sell tomorrow morning and some QQQI.
For a passive income over \~$7500/mo you’d need to have about $640,000 invested in something like QQQI at a 14% annualized return (which is definitely not guaranteed). There’s just no way you could possible grow $30k into that much money in 10 years
If you're over 50, do you want income from it? Do you wanna make sure to preserve capital? If you want income the CSPs and CCs are still a strategy to do that, but an easier route would be to put some in income focused ETFs. QQQI, SPYI, JEPI, JEPQ, SCHD are some of the popular ones. I am not a financial planner, so you'd want to consult one probably. Im just a guy a couple years away from retirement who has been looking into some of this stuff and running different scenarios/strategies through spreadsheets. There are tax implications on some of these things that I dont fully understand yet so talk to somebody that knows what they are talking about. Some of the returns on income ETFs are considered qualified dividends, some arent, some are considered return of capital. Etc. Way too much to get into here, but if anything Im saying is completely foreign to you they are things to go do some research. Or just get a financial planner. Which is probably the best advice
One angle nobody has pinned down here: you said you pay no tax on capital gains but 30 percent on dividends, so you are not US based. That matters because the short term income answer above assumes US tax treatment. In a lot of jurisdictions written option premium is taxed as ordinary income, which can sit above your 30 percent dividend rate rather than below it. If that is your situation the QQQI or JEPQ route is not clearly worse on tax, and the wheel loses one of the edges you are counting on. Worth confirming exactly how your country treats premium before you model 24k a month, because the after tax figure is what funds the life. Separate point: far OTM 5 delta QQQ calls pay almost nothing in low vol, and low vol grind ups are common. Your income gets lumpiest right when your expenses are fixed, which is the opposite of what the 4 percent rule is built to smooth.
I think you did your math on QQQI 14% >>> $24k a month. Yes I will do QQQI and TDAQ and call it a day.
I'm sure I'm going to get plenty in my jepq and qqq and QQQI. Yay...
Mi dispiace per le spese mediche, ma per fortuna hai le spalle copertissime con quel portafoglio. Quando devi smobilizzare una cifra piccola rispetto al totale (10k su 300k sono circa il 3%), la regola d'oro è toccare il meno possibile i motori della crescita e guardare l'aspetto fiscale. Io venderei SPY o QQQI, e ti spiego subito perché escluderei gli altri. MU, AMZN e GOOG sono i tuoi cavalli da corsa tecnologici. Hanno un potenziale di crescita enorme nel lungo periodo e venderli adesso significa rischiare di perdere il treno della ripresa e doverli ricomprare a prezzi più alti, pagandoci pure le tasse sopra. RKLB (Rocket Lab) è un titolo growth ad altissima volatilità: se la vendi ora che è nel pieno dello sviluppo rischi di mangiarti le mani, oppure di liquidare in perdita se l'hai presa durante un picco. SPY (S&P 500) e QQQI (il fondo ad alto rendimento sul Nasdaq) sono panieri ultra-diversificati. Togliere 10k da lì è l'operazione più indolore in assoluto. Non subisci l'impatto del crollo di una singola azienda e il tuo portafoglio non si sbilancia minimamente. Tra i due, ti direi di vendere le quote di SPY se vuoi mantenere intatto il flusso di dividendi mensili che ti garantisce QQQI (visto che hai detto che non potrai contribuire al conto per un po', quelle cedole potrebbero farti comodo per pagare le prossime bollette senza toccare altro). Prima di cliccare su vendi, dai solo un'occhiata a quali lotti di azioni sono in "loss" (minusvalenza) o hanno meno guadagno accumulato, così eviti di regalare troppe tasse al fisco quest'anno.
Inest the money in QQQI 13% dividend yield. If you reinvest the dividends in 2 years you will have 200K producing 26K in dividend a year. If you reinvest all the dividends for 10 years you will have 5K a month of inocme. And the ROC dividends means you owe no tax on the income foraobut 7 years. On the 8th year and every year after that you pay taxes at the long term capital gains rate.
QQQI will do it this month at 150k. Or very close to your target. Let it compound for your 10 year period and then take distributions monthly and you’ll quadruple that goal.
You can just about do that now in 50% QQQI, 30% SPYI, 20% BTCI. As for how sustainable that is. 🤷
So at 61 you're already heavy on income ETFs which makes sense. JEPQ, JEPI, QQQI, and SCHD all overlap a lot in what they're trying to do though — you're paying for four slightly different flavors of the same thing. On $3k I wouldn't add a new position. I'd top up whichever one you're most underweight in relative to where you want your income vs growth split. If you want more stability, SCHD. If you're okay with volatility for higher yield, JEPQ. Since it's a taxable account, keep in mind the dividend tax drag(something to think about) Canadian withholding on US ETFs in a non-registered account eats into your yield more than people realize.
Your 61 the priority should long term inomce at the lowest taxes. invest the money in QQQI in the US QQQI generates ROC dividends and as a result the dividends will not be taxed until the share cost basis reaches zero. It will take about 7 years for the QQQI cost basis to reach zero. At that point the dividends are taxed as long term vcpatial gains. tax rate. VTI and VUG don't genrate any meaningfulll dividend income. JEPQ and JEPI generate high yield dividend income but they are taxed as ordinary income (the highest tax rate). My understanding canadian taxes are similar toUS. so I am assuming for you it is taxed the same way as in the US.
Mos tpoeple are not paying no taxes on the ROC dividends this fund produces. QQQI generates tax free income for about 7 years. The stock is only 2.5 years old. and it pays the highest yield of all of his funds.
Maybe, Ive got a lot of cash for a dip but only picked up some PL and QQQI Going to wait and see tomorrow
Probably QQQI and SPYI.
Tax lots!!! Don’t just sell, dig into each security and check the tax lots because you want to only sell long term (over one year) holdings so your tax hit should only be 15% (assuming you’re making a normal human salary lol). Certainly gratifying to know you’ll not be in debt like many many fellow Americans for medical costs. Just don’t post Uncle Sam any more than you must. That said - be aware of QQQI, selling covered call funds may expose you to bigger tax hits. I don’t have specific details but due to their (NEOS, in particular) somewhat unique tax structure, you might want to not sell that.
Why sell any of them? Enable margin, negotiate your rate lower and pay the bills with margin. Let the dividends from QQQI payback the margin loan. Margin interest is much easier to manage than other interest. Then you don't any shares!!!
Why do you have QQQI in the first place?
Sell RKLB first. Analysts already see downside despite a 68% rally , and space stocks are sinking as the SpaceX IPO trade starts to break . It’s the most volatile name, furthest from a re-entry floor, and you said you may not contribute for a while — RKLB requires active management to trade well. Great stock, wrong time to hold passively. Sell GOOG second. Alphabet is raising $80 billion from stock sales  which creates dilution headwinds, and it’s in a confirmed downtrend off $408. Still a great long-term business, but you’ll likely get a better entry later. Keep MU if at all possible. Earnings drop June 24, with last quarter’s EPS coming in at $12.20 vs. $9.19 expected — a 32% beat . Expectations are high, and a strong beat-and-raise could deliver a post-earnings jump.  You’re holding through a dip right before a potential catalyst. Selling now could mean missing the move. Keep AMZN and SPY. AMZN is pulling back normally from ATH and AWS/AI tailwinds are intact. SPY is your ballast — you always want some broad market exposure. QQQI — if you need income to help offset the bills over time, keep it. But if you need a lump sum now, it’s near its 52-week high and that 52% yield won’t compound well sitting on the sidelines.
Picked up some SPYI and QQQI
SPYI and QQQI over here. The dividends are good
welp, time to sell all my QQQI shares.
Then I would use a covered call fund like QQQI 13% yield and tax efficient (your dividend are taxed at a very low rate). 100K in QQQI would generate 1K a month of income.
I hope so, I got some QQQI calls I sold about to be in the money
Dang you're lucky son, you can live anywhere that isn't crazy expensive then and not even work. I'm from California and I really miss it, but I wouldn't move back, at least to somewhere populated and thus expensive, unless I was making at least $100k/year, which you easily could. You just need to invest in enough dividend stocks/ETFs. Now obviously my favorite is CHPY, but I get downvoted every time I mention it, probably because people are scared of something too good to be true since the NAV keeps increasing while paying $.66 per share every week. So just to be safe you should diversify into other safe but high income ones like JEPI, JEPQ, QQQI, as well as safer ones like KBWY, DIV, SCHD, and VYM. After putting enough in those to get the desired income, the rest and future income can obviously can go into long term investments and options.
Thank you! You clearly know what you're talking about. 😃 I see these funds like JEPQ and QQQI or NVDY and wonder: what is the catch? How can they give double-digit dividends per year? In the near future I may be interested in investing in some of these for the income potential. But I want to make sure I am making an informed decision and not getting into some Ponzi scheme.
To see if a fund is returning your own capital, do not look at the S-1. You want the SEC Form N-CSR (the annual and semi-annual reports) or the fund's monthly Section 19(a) notices. The Section 19(a) is the exact breakdown showing how much of the dividend came from net investment income, realized capital gains, or actual return of capital. For active covered call funds like JEPQ or QQQI, return of capital is rarely a literal Ponzi scheme, but it is often a structural yield trap. If a fund writes call options, it caps its upside. During major bull runs, the fund cannot capture the full index gain, but during downturns, it takes the full hit to the downside. If they pay out a twelve percent dividend while the NAV drops, they are slowly eating their own seed corn to maintain the yield. The only way to verify if their options strategy is actually adding value is to track its time-weighted return against the underlying index or a simple index ETF. If the time-weighted return, with all distributions reinvested, underperforms a plain buy-and-hold of QQQ over a full market cycle, the manager is not showing skill. You are just paying an expense ratio for the illusion of monthly cash flow. Are you tracking the total return of these funds against a benchmark, or are you just looking at the monthly dividend payouts?
But what if it's not an index fund? What if it's a fund like JEPQ or JEPA or QQQI ?
Daaaamn whatchu got, some QQQI, JEPI?
You're not gonna get much in dividends with $150k even if you're in something like SPYI or QQQI. I would part part of that in couple ETF. Nothing in bonds or treasuries, fuck that shit. And buy LEAPS on those ETFs. And leave a little for dumbass trades like this one
I think I lost more than 5% on META before I sold it. I have MU and QQQI now for growth and establishing a baseline for appreciation.
Sorry I’m late to the party and have just discovered QQQI. What do you mean in your 2nd sentence, specifically “before taxes are due”?
Well like I said it worked out great for me, headaches and all. Worked out even better with the real estate craze, I got to dump all my "headache" properties for over double what I paid for them just a few years earlier. It is more peaceful collecting my GPIQ and QQQI checks monthly thats for sure...but i wouldnt be bringing in 150k a year in dividends if it wasn't for real estate.