QQQI
NEOS Nasdaq 100 High Income ETF
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No. However, I’ve leaned on this year towards income index funds, (a little riskier) which have done well—SPYI, JEPQ, QQQI. Algos (modern) are finally making these types of funds much more safe and profitable (my opinion). Always do your own research but I like these.
That’s actually the idea behind all these income ETFs , like SPYI QQQI and so on , they pick an asset and generate income on it to return to shareholders, if their inflows grow they will enjoy their expense ratio.
Im mainly SMH and some QQQI while reinvesting dividends. I think the AI narrative will continue into 2026 and remain bullish on technology and semiconductor focused stocks.
it is a resky way to make money. If you pay close attention to your portfolio it can work. But most people don't want to focus that much time on it. In the end it is just a way to make money. There are funds that use covered calls (a type of option) on the S&P500 and pay a dividend. SpYI is one and it has a yearly yield of 11%with monthly payouts. QQQI cells covered calls on the Nasdaq 100 index (QQQ). It has a yield of 13%. So 100K in QQQI will generate 1K of income a month. Covered calls cap the growth of the index by converting growth into dividends. If you don't want to use 0ptions there are many dividned funds with good yields. ARDC, EMO, and PBDC all have a yield of 9% PFFa and CLOZ have a yield of 8%. Buy inviting in these and some covered call funds I now have a monthly income of 5K a month from simply holding the stock of these funds. I don't closely monitor them. I treat them just like growth index [funds.Buy](http://funds.Buy),hold , ignore.
QQQI gives you the best of both worlds, the choice to use the income monthly is reinvest the dividends plus the covered calls funds you downside protection which QQQ would not provide. If performs better than VT and VOO
QQQI uses financial derivatives likes options which make it much more risky than a standard S&P 500 index. They're a very recent product I would not trust them
QQQI has underperformed QQQ. [https://www.youtube.com/watch?v=K3sYY3T7V8k&t=605s](https://www.youtube.com/watch?v=K3sYY3T7V8k&t=605s) Covered call funds WILL underperform their underlying equity over the long term, almost as a rule.
QQQI performs better than broad based index funds and are less volatile than QQQ. QQQI also gives you the option of cashing out the income each month or reinvesting the dividends.
A learning point: Within the category of *income-oriented* ETFs, there are various ways to achieve this. That could be bond interest, including high-yield bonds. Or an options strategy, like QQQI. Or holding individual stocks and distributing the underlying dividends. So "what's the difference between S&P 500 and..." comes down to what you're comparing to. To me, QQQI isn't a "high dividend" ETF; it's a high *income* ETF, and does that through an options strategy. *Dividend*-oriented ETFs hold, not surprisingly, stocks that pay a higher-than-market-average dividend. Those companies and sectors tend to be more on the stable/established side of things, whereas a growth-oriented company is going to be re-investing their earnings rather than paying it out. That all to say, you'll find that some dividend-oriented ETF's have lower long-run total return in exchange for lower volatility. There's another comment that says "always look at total return." Which is good to consider. But I wouldn't go so far to say *only* look at total return. Depending on your investing objectives, volatility, economic sensitivity, etc. are all important considerations too.
Always look at total return. Remember, unless this is in a Roth, you pay tax on every distribution you get. Might not feel like a lot, but it adds up. There's a reason it's VOO and chill and not QQQI and chill.
The problem with the stock market prices of shares can move up and downunprdicatably. So if you need the money in 9 months you won't know how much money you will have in 9 months. You could have 180K or less or 220K or more in 9 months. But let's assume that you don't spend the at money on a new house to see what could be done. I you invested 200K in QQQI an income fund with a lileld of 13%. 200K in this fund will produce 2K a month of extra income. And do to it ROC tax classification on most of its dividends you would pay no tax on that income for about 6 years. Income that could cover much or all of your rent. Now it is possible to get higher yields but those are less stable so for this I wouldn't recomend anything higher than QQQI. Now there are other funds with yields between 10% and 5% yields but most don' have the tax classification of QQQI. So the extra income will be taxeded as regular incom. Which would be the same as 2000 a month raise in you pay. Some examples of lower yielding funds are ARDC 9%, EMO 9%, PBDC9%, PFFA 8%, CLOZ 8%, UTF 7%, UTG 6%.
For 27, you're actually in a great position. Your savings rate is solid, you’re investing consistently, and your debt is manageable. The main thing I’d adjust is diversification — having 30k in a single REIT (O) is a big concentration risk. A smoother long-term approach would be: • keep VOO as your core • keep QQQI as a growth tilt • reduce the oversized REIT position over time Your strategy is totally fine for long-term retirement as long as you stay diversified and keep that savings rate. Voila
In terms of your investing direction, it's way too income oriented for your age. Growth should be the priority imo and if something happens to offer dividends great but that large a % in Realty Income (it feels like whenever someone mentions a REIT on Reddit, there's a good chance it's that) feels dividends for the sake of dividends and is way too much reliance upon one name. O's trailing returns are not that compelling imo, either: https://www.morningstar.com/stocks/xnys/o/trailing-returns I think you're doing well broadly and congrats on that but in terms of your investments I would definitely not devote that much to income-oriented names. QQQI too.
I would put it in QQQI the high yield from this fund will generate about 1K of income a month. You can use this income to help cover living expense or used to make deposits into your Roth IRA. Or you could add more money to QQQI to get even more income. I did this and added more funds like SPYI, EIC, ARDC, EMO, PBDC, PFFA, CLOZ, UTG, JAAA. Today I have 5K a month of income from these investments.
Well, you are light years ahead of most people at your age. A few notes though. The main constituents of VOO and QQQI and the same/ similiar so holding them seperately doesn't give much extra diversification so why bother. Nothing wrong with having these 2 seperate but this is usually done for diversification and that doesn't seem to be happening. For your O holdings, the PE for O is about 55, even more at the run rate - very high. They have excellent revenue growth '23 to '24 (about 30%) but this seems to have moderated recently (9% current Q to year before). Unfortunately their income seems to actually be going down and they consistently dilute their stock, over 25% in the last year and over 10% the year before. Hell, their dilution is more than their revenue growth the past couple years (averaged) and again, their income is actually going down though they do have decent dividend yield (5.5%). I really don't like the company. This all seems sloppy and they seem to have less concern for their shareholders than many. So, they are mostly ok long term but short and even medium term they are overpriced and unless they stop the dilution its not clear how good they'd be long term either. I'd sell them, they may eventually end up being ok but there are way better stocks out there that have far better income growth, far better value metrics and even better dividends (though I'll admit, getting all 3 of these might be very challenging). I think long term you'll do fine with these investments (probably even O) but short to medium term they are all at high PE ratios so maybe not so much. Again though, long term this might be pretty good.
VOO is great. Similarly you’ll see more growth in QQQ than QQQI
I would swap out SCHD for QQQI. QQQI provides better capital appreciation plus over a 13% monthly dividend. Thats if you need the income, even if you didnt and reinvested the dividends, this should perform better than VT
Put the money in QQQI and collect the over 13% dividend yield each month
Still holding onto these $QQQI calls that are currently ITM for Feb, but the bid/ask spread is just rough. $1.00-4.00 is unworkable
Nearing retirement. Picking up QQQI in February. Solid dividend payouts all year long.
My current portfolio, M37. RR - 83% (pre covid buy, slowly reducing) VWRA - 11% (increasing) IAG - 1.5% (hold, small dividend growing) QQQI - 1.3% (drip) SPYI - 1.3% (drip) ABCL - 0.5% (speculative buy, hold) BTCI - 0.4% (drip) KSPI - 0.4% (speculative buy, hold)
2025, I already made $400k+ short-term gain , from trading Stocks + Options + Dividend (QQQI) Sold pretty much everything and took profits. Basically, right now my two biggest holding , bought the dip > 10,000 IBIT @ $48 ....... $480,000 > 2,200 META @ $585 ... $1.28M I plan to hold these 2 positions until mid-2026 or end-2026 In the meantime, I am using margin to Sell Put on TSLA , making about avg $4,000 per week ----------------------------------------- META dropped to a very attractive PE and price level, so the risk to reward was very good. Same for BTC (IBIT) Currently, I don't hold QQQI, but will definitely rebuilt my QQQI position in 2026 as I collect more CASH from selling options. My two biggest position right now ( IBIT & META ) is NO MARGIN , so I can just hold it and let it ride 2026, I estimate, I can make around $4,000+ per week from trading options .... which will be used to buy QQQI (maybe also some BTCI)
2025, I already made $400k+ short-term gain , from trading Stocks + Options + Dividend (QQQI) Basically, right now my two biggest holding , bought the dip > 10,000 IBIT @ $48 ....... $480,000 > 2,200 META @ $585 ... $1.28M I plan to hold these 2 positions until mid-2026 or end-2026 In the meantime, I am using margin to Sell Put on TSLA , making about avg $4,000 per week ----------------------------------------- META dropped to a very attractive PE and price level, so the risk to reward was very good. Same for BTC (IBIT) Currently, I dont hold QQQI, but will definitely rebuilt my QQQI position in 2026 as I collect more CASH from selling options. My two biggest position right now ( IBIT & META ) is NO MARGIN , so I can just hold it and let it ride 2026, I estimate, I can make around $4,000+ per week from trading options .... which will be used to buy QQQI (maybe also some BTCI)
hi u/Big-Sand5360, are you no longer invested in QQQI? how did that go, I assume you must've generated a good monthly cashflow so far? are you no longer holding? cheers!
$HOOD has been a strong money maker for me and looks like it has consolidated and going to continue upward movement. Enough positive catalysts and BTC has positive catalysts. Hood relies some on strong crypto since it profits from users crypto trading. New fed chair is coming and good for BTC. $HOOD is well diversified with multiple revenue streams including new predictive markets which will make them millions. $HOOD is rich compared to other brokerages you could invest in, but they are doing things the other guys aren’t. HOOD is definitely an industry leader in introducing folks to investing. Look at all the screenshots online of stocks…many are Robinhood app. Price predictions and analysts have most bullish stances with high upside potential over next 12 months. When I pull money out I store in QQQI which grabs me high dividends monthly. QQQI is essentially my savings account. It doesn’t have eroding NAV….it has great appreciation….a tax efficient dividend, and a high divider of $0.63 per share per month.
Any dividned ETF with a yield of 1% that pays monthly well generate JAAA 6% yield will pay $60per year in $5 monthly installments. And you don't have to sell shares to get the money. It is simply deposited into your brokerage account. CLOZ 8% yield $6.6 per month. QQQI will generate $10.8 per month.
Put it in QQQI and you'll make over 13% dividend in 1 month
QDTE pays 36%, SPYI pays 12% - both well above 7.7% & 5.5% If your interest is well above 10%, then I'd say go ahead and pay them off now. Me personally, I'd let a combo of high income funds pay it off for me (QDTE, MAGY, GPTY, QQQI, SPYI).
If you took a Time Machine to any random day in the last 100 years with a bag of cash, the best thing you could do is buy a house or dump it into the market THAT DAY. If you’re worried about more dips or a sideways 2026, put half in covered call ETFs and you’ll make money no matter what. QQQ/QQQI 50/50 or SPY/SPYI 50/50. I like the Qs a lot more but this sub focuses on S+P for whatever reason
QQQI is a covered call strat on companies that are in QQQ. Its not a covered call strat on the index QQQ.
Idk what you mean, I think u meant to say in the first sentence “QQQI is a covered call Strat on companies in the QQQ…” Idk what ur trying to say but it seems paradoxical, but QQQI is literllly a covered call Strat on the QQQ. Which I agree QQQI or covered call on the QQQ is rarded
Bruh is QQQI not a covered call strat based on QQQ lmao
Yes this year but the red days are not as anxiety inducing compared to holding a single stock and entry points is a huge factor. I think its better to just buy QQQI and chill.
I did that for a few months and if I extrapolate it to a year it would be 18%. Slightly better than just holding QQQI
Age: 38 Location: China Employment: Currently unemployed (no income). Current Portfolio: Invested: Only $170,000 all in QQQI Liabilities / Expenses: Real Estate: I own 2 properties with bank loans. Monthly Debt Payment: approx. $800 USD per month for the mortgages. My Question: With $170K QQQI, is it realistic to consider retirement (FIRE) Since I hold QQQI, should I focus on high-yield income ETFs to cover the mortgage, or is that too risky?
Alright my conservative GOOG $322.5 covered call target getting hit basically day 1 of the 5 day week is not what I was planning. I will miss you my shares, you have served your country with honor. In other news the past month things like QQQI thrive (as far as passive goes) because we're basically flat. Unless you sicko's are out here trying to sell every up and buy every down.
I did that and I am now retired at 55 and living off of my dividneds. Currently at 5K a month of income. Enough to cover my living expenses. I would like 100K in retirment and I estimated my tax for regular dividends with no other income and found my tax owould be 15K or 85K of income after taxes. It will be a few years before I get there. So it is possible to do it with just high tax regular dividends. Qualified dividends have a lower tax. But they are other low tax operations municiable bonds and ROC dividends. ROC means return of capital ( a tax classification) and freaks an out a lot people but A good fund can have ROC dividends by doing tax loss harvesting while earning a profit from your investments. This creates the ROC classification without returning any of your investment. The advantage Of ROC dividends is that you pay no taxes on the dividend. But when the cost basis of your shares reaches zero (which takes years you pay long term captial gains taxes which is the same as qualified dividend. Neos has some ver good covered call funds (see their website for a full list. But two of my favorit are SPYI 11% yield and QQQI 13% yield. You won't find qualified stock or ETF with this yield. And with these yields you can build up passive income faster than you can with qualified dividends of Note some other funds I hare (most are regular dividends) are : EIC 11% yield,, PFLT 11%,EMO 9%, PBDC 9%, ARDC 9%CLO 8%, UTF 7%, UTG 6.3, and JAAA 6%.
There is a big difference between 401K and a roth is the deposit limit and income limits. with a 401K you can deposit about 21K a year. With a roth the limit is 7000. In investing you want to get as much money into the fund as quickly as possible to maximize compounding. And we all want a high paying job. Well with a Roth if you make too much money you cannot deposit money into the ROTH. So with a roth you are better off adding a high yield dividend fund to the portfolio rather than adding more and more growth fund. Now Dividend funds don't churn as your yearly deposit. So you can have more than 7000 of dividend flowing into your account while stilll making your yearly 7000 deposit. Now you can add government bonds but the yield is low so they won't have a big impact on cas In your roth you have a S&P500 and a large cap fund. They are both very similar in ther holdings. So I would drop one. For a dividend fund I would add QQQI 13% yield. 100K invested in this fund will add 13K to money flowing into the portfolio. BTCI a bitcoin covered call fund might be worth considering with its 25% yield. IN the first 5 years you probably want most of your yearly deposit to flow into the dividend fund. You can turn of automatic dividend reinvestment off and then manually put the money in the fund you want. And then if you get a dream job with high pay your Roth will still grow from the dividends even if your deposits are zero.
34% in taxable, 20.31% in roth as of today. Roth is AAPL mostly and some QQQI.
DRIP stands for dividend reinvestment program. It’s where you automatically reinvest your divs back into the stock or fund. DCA means you just keep contributing the same amount each paycheck regardless of price. QLD is just a 2x leveraged QQQ. And QQQI is a covered call fund for QQQ. I prefer holding a split of those two to QQQ itself.
Around 15% on the year with that account. QLD is to take advantage of bull markets, QQQI is for sideways markets. If we’re in a bear market, whatever. That’s why I DCA and DRIP my QQQI dividends, if the market continues its long term growth then it should perform fine in the long term.
2x leverage is generally accepted to be the best long term hold. SSO for S&P, QLD for the Nasdaq. For me, I hold QLD and QQQI in my ‘invest and forget’ account.
I would put the extra dividend income into a taxable brokerage account and start building a dividend portfolio. That way that money is earning more money you can use to cover your monthly bills and expenses. Eventually you want enough dividend income to cover all of your living expenses. That way work becomes optional. If you like working keep doing it. If you don't take a sabbatical and look into different job you would find more interesting or enjoyable. Or you could fully retire. For now a good fund to invest in would be QQQI. 13% yield, You cold over time add PBDC 9%, FSCO 11% and other funds I would read the book the income factory and look at Armchair income on youtube for additional fund ideas.
What you want is a retirement, account and a taxable account. Max out the retirment account as soon as you can. In the taxable you want 6 months of living expenses in a high yield money market fund. You also want a dividend fund in your taxable account. So once you have 6month in the money market fund. You can start filling the dividend fund. The purpose of the dividend fund is to crease a secondary source of income you can rely on if you loose your job and cannot and cannot get a new one within 6months of your cash reserves. It can also support you if you cannot work due to injury or medical issues. The advantage of a dividend fund is that it will create monthly income that will not run out. My choice is QQQI 13% if you are wiling to take more risk BTCI yield 25% is a good choice. They pay monthly are tax efficient funds. With these high yields you need to invest less money to get a reasonable amount of income to cover any emergency fund you need. Now you can use lower yield safer funds but that would require more money and more time to build the passive income. And if you want you could invest in growth index funds and just rely on selling them if you need to. Once you have the dividends, the 6 month emergency fund and retirement fund [set.you](http://set.you) can reinvest the dividned into your retirment account or your 6 month emergency fund or your dividend fund. Or you can use the money to cover all or a portion of your monthly bills. invest for your children's college education or vacations. Eventually you could build the dividend income to cover all of your living expenses. which would allow you to retire at any time not at age 60 most retirement funds require.
Yeah, I just started a Roth in hood for that 3% match on Oct. 30 and take away the 3% match and the portfolio is down 1.96%. Still have $3200 on the sidelines waiting but I only have until eoy. Playing this like my 401k so ITOT, IXUS, AGG, SPY, QQQ, QQQI, SPYG, WMT and SCHD
I sell covered calls and cash secured puts for income (300-500 option contracts a month). The truth is it is very time consuming and a lot of effort to do well and I can do this because I don't care about my career anymore. Not something that makes sense in the middle of your career and your balance is way too small to make an impact. The shortcut way is to buy a covered call ETF like QQQI or JEPI, JEPQ. It's the same thing with less time commitment. There is a lot of income leakage as trading options is really easy money.
https://www.reddit.com/r/dividends/s/YD3PXPt7XL I'd add some layers to the overall strategy and split 90% into all three big firm CCs. GPIX/GPIQ (my favorites), JEPI/JEPQ and as you mentioned SPYI/QQQI. The NEOS funds have the highest yield and supposed best tax efficiency. The JP funds are more defensive in nature and will outperform in flat or slightly negative markets. The Goldman funds have the most capital appreciation while still delivering high yield. At the institutional level, there is the most trust (institutional ownership) in the JP funds, followed by Goldman funds and then very low ownership for NEOS funds. All three utilize similar but different strategies, plus they still have to execute on their strategies and some months, different firms will perform better. With all three you get increased diversification and variance in returns. You also get three pay dates per month. The remaining 10% into DIVO and IDVO, 30/70 split with IDVO being the higher allocation. Similar strategies to the big firm CC funds, but long track records and lower yield with emphasis of capital appreciation over time. Very high institutional ownership (>50%). Additional security in returns/distributions, one more payday per month and added international allocation. Then using the distributions, reinvest some back into each fund and use the rest for w.e. Id personally juice up the amplify funds with my big CC fund's distributions (doing that now). Also check out QDVO. Good luck 👍🏻
How do you time selling the shares? Just hope it recovers the dividend in two weeks and sell on a green day? I have a bunch of QQQI and this is interesting. Also I’ll need to look at cap gains tax
Who else on this board rotates between JEPQ and QQQI inter monthly to capture their healthy monthly payouts of 10.15% and 13.45%? 💰 Works well
I'd suggest checking out the Armchair income YouTube Channel [https://www.youtube.com/@armchairincomechannel](https://www.youtube.com/@armchairincomechannel) It should help you discover how much you might need to construct an income portfolio. Some popular income investments with $700k : * QQQI $98,000 / year * SPYI $84,000 / year * BTCI $196,000 / year I don't suggest going all-in on anything, but the example here can help give an idea on what some assets can yield.
If you are looking for Income.. you might consider 3 ETFs ..QQQI, BDC, PBDC Watch this video to get insight... https://youtu.be/8N3LBCj7znQ?si=TzSCiqlO5qE04nxL
The highest utility from investments comes from cash dividends. you can spend the cash on enacting you need or reinvest it. Growth is nice but it isn't real until you sell it and cover the income to cash. My roth is invested in BTCI 25%, QQQI 13% yield, PFLT 12%, ARDC9%, EMO 9, PBDC, PFFA 8%, ClOZ 8%, UTG 6.3%, JAAA 6%. These investment in my roth generate about 30K a year in the roth. Which I reinvest. IF you use a taxable account the money could be used to cover living expense ore reinvested.
At this point in life you need income and growth index funds like QQQM and S&P500 index funds don't produce income. they just produce growth. To convert growth to income you need to sell shares and your 80K might not last long we are in a prolonged bear market were there is little to now growth. I would invest for dividend income with a fund like QQQI. it has a yield of 13% and you pay very little in taxes on the dividend you recieve. QQQI will generate a monthly income of about $800 q month. With your current $450 income you are now at about $1250. of income. Reinvest any money you don't spend. That would put your4 year income at 60K which is more than your estimated cost of college. And after you graduate you still have the income from QQQI.
there are ETF that use options with index fund to generate about 10% yield. NEOS has some of the best ones. QQQI sells covered calls on Nasdaq 100 index and SPYI uses the S&P500 index. QQQI has a 13% yield and SPYI 11% yield. And both funds take advantage of tax loss harvesting to lower the tax on the dividends you recieve. So these funds are actually tax efficient. These funds are actively managed so you don't have to watch the market, or worry about the complexity of that make it intimidating. NOSe also have covered call funds that write calls on crypto (25% yield!) gold, an international fund. Their website is worth checking out. Note many people warn about NAV erosion which is a big problem with covered call funds that aim for very High yields of 30 to 100%. Neos does everything they can to minimize this and other common. problems None of the Neos funds have NAV erosion.
Hey, before you jump ship on the rental, have you looked into DST (Delaware Statutory Trust) options? With a $700k property free and clear, you could 1031 exchange into institutional-grade multifamily assets and keep the tax deferral going while getting rid of the tenant headaches. The yields are usually in that 4-6% range, which might not match QQQI's current distributions, but you're comparing apples to oranges when you factor in the capital gains hit. Quick math on your situation - you're netting about $2,500/month after expenses, which is roughly 4.3% cash-on-cash. Not amazing, but if you sell outright and pay capital gains (could be 20-30% depending on your basis and state), you're starting your QQQI investment with maybe $500-550k instead of $700k. Even with QQQI's higher yield, it'll take years to make up that tax hit. Plus those covered call ETFs can be pretty volatile - the distributions look great until the market rips higher and you're capped out of the upside. I get the frustration with direct ownership though. Bad tenants are the worst, and when you're dealing with repairs every other month it feels like you're just burning money. But there are ways to stay in real estate without the direct management - DSTs, REITs, syndications where someone else handles all that stuff. Not saying it's right for everyone, but worth exploring before you take the tax hit. Talk to your CPA about what the actual numbers would look like - everyone's tax situation is different and maybe the math works out better for you than I'm thinking.
I have read some good arguments for NOT holding real estate rentals and investing in "stocks". A) though real estate is good at storing wealth, it has not appreciated as much as "the market" and failed to keep up with inflation. B) It's not a passive investment, you have to do work to make money. In your case paying someone else to manage the property. And C) the big one... $1 million in >1yr bonds, lets say at 5% interest will yield $50k of passive income that is nearly 100% tax free (federal) because of qualified income. Now of course this applies to a dividend ETF too, but remember, dividends lower to price of the asset by the dividend amount and you'd need to weigh that against owning, QQQ in your example, outright as someone mentioned. Which might be why QQQ is up about 3% more than QQQI YTD. In other words, you'd have less money.
You need to invest your money in ETF to get beyond savings For the 401k you should have selection of funds you can use. Many like S&P500 index ETF or total market ETF That with an international ETF and a bond fund should be a good start in your 401K. As to your HYSA and CD would gradually move money to a taxable brokerage acount. with a money market fund. Money market funds are very similar to HYSA. Now you want about 6mnoth of living expense in Money market fund. But anything above that should be invested. For a taxable brokerage I would use a high yield dividend ETF. QQQI is my choice with its 13% yield and it is tax efficient. Reinvest the dividned back into the fund an gradually add money to it. Eventually it will be as big or bigger than your money market fund. 70K in QQQI would generate $9000 per year or about $753 a month. At this point if you want you can stop reinvesting the dividend and use them to pay bills or other expense. And if you want you could reinvest the dividend into a Roth retirement account. Or start adding other ETF to the taxable account. Eventually you could get enough dividend income to cover all of your bills, mortgage payments, food , car, and medical insurance. I retired at 55 with 5K a month of dividned income. Enough to cover all of my living expense with about 1K of extra at the end of the month, which I reinvest.
What are you taxes on the HYSA now assuming it has the ammount you want to invest? It isn't likel that much money. For HYSA you are now getting about 4% yield and it is likely dropping. You could open a taxable brokerage account and put your money in a dividend fund like CLOZ you would get 8% yield payed monthly with can be reinvested in the fund or spent. You can make adjustment with your work tax withholding to account for the extra income. if you slowly build up the money in the fund it will eventually produce enough to start covering some of your bills. And eventually it could cover all of your living expense. If you don't like CLOZ you can use QQQI 13% yield, SPYI 11%, EMO 9%, PBDC 9%, PFFA 8%, UTF 7%, JAAA 6%.
If you want to retire before age 60 you need to have taxable account to provide you with income until age 60. So this typically means people have a taxable account and retirement account. And sometimes just a taxable account. Now in a taxable acount the tax is generated by dividends, and capital gains from the sale of stock. Often dividends is what people worry about the most because that is taxed on the year it is received. Capital gains taxes mainly occur when you sell share with likely won't happen until you retire. Now an easy way to avoid dividend taxes is to use an ETF with a very low dividend. Growth index funds typically pay a dividend of 1%. So the dividend income on 1 million in invested is only about 10K. Since growth index funds average a total return of about 10% a year most people invest in these funds and then sell off about 4% a year for income when retired. At a 4% liquidation rate the income should last 30 years. 30 years is fine if you retire at age 60. You likely will die in 30 years. But if you retire at age 40 you need income for about 50 years. Which teams a withdrawal rate of 3% or less. Which also means you need to save a lot more money. These is another way to FIRE that doesn't involve liquidating stock for income. Invest for dividends. Using dividend ETF. You can easily get a dividendyeild between 5 and 10%. And dividned income doesn't involve selling shares. So if you save up 1.5 million and invest in a portfolio yielding 7% your after tax income would likely be around 80K a year. So you could focus on taxable account and build up a dividend portfolio using funds Like QQQI 13% yield, Spy 11% yield, PBDC 9%, EMO 8%, PFFA 8%, CLOZ 8%, JAAA 6%, and UTF 7%. you can do it . Now you likely would have to make quarterly 5K estimated tax payments to the IRS. But despite that you still have enough income for retirment. And if you take 7000 of that dividend income you could put that in a Roth to build up more tax free income. you can use after 60.
Pick 100 things, put 50% in that, then 50% in sector ETFs and income ETFs such as GOOY QQQI SPYI or WPAY,
Buy S&p 500 ETF like VOO, SPY SPYM. Or NASDAQ ETFs like SPLG, QQQM. Or those with divs like QQQI, GPIQ. SPYI. Then before December you know how much gains you have and can guestimate the taxes for gains. Sell equivalent of your losing stocks to offset it. So that your net taxes for your stocks will be zero. Or better yet sell an extra 3000 and you can deduct it from your taxes ( if you are in the US).
If the stress and upkeep outweigh the returns, shifting to a hands off investment like QQQI could be smart. Just factor in taxes and long term growth.
I would put the money is a good dividend fund. You could invest the money QQQI 13% yield and then use the dividends to pay off the house. A good dividend fund could produce monthly dividend payment for many decades. Over time you could add more money to the fund to increase th dividend you could also add more dividend funds to diversify your portfolio. You could keep doing this until you have enough dividend income to cover all of your living expenses. I currently get 5K a month from dividends. Enough to cover all of my living costs .
I would buy QQQI or GOOY as they will give u money for holding and won’t have extreme volatility if anything happens, best case u have to extra money to buy stuff as it comes back up or before it does, I’m assuming you have 100 to throw around to id put that in GOOY as that’s weekly and will be like 7k at the end of each month
Stock go up, stock go down. If you’re serious about being long on this one ignore it for months. Watching it daily will drive you fucking mad. Otherwise just start dumping $100 in SPY every month, or something like QQQI if you’re feeling spicy. (It’s a managed fund that sells options and pays monthly dividends.) You’re betting they’re less degenerate than this sub. But so far every $100 you put in pays about $1.20/month and that shit compounds. If you want to just watch as “number go up, make pp big” that’s a risky long term option.
Thanks for this! I’ve been thinking of building a side dividend portfolio. I do have like $250K in an ESOP account (fully vested from my previous employer, that I could roll into something like QQQI. I just need to see how that would work as i don’t want to trigger a tax event.
You have reached the point were more money in a saving account is no longer beificial to you. And if you have your retirement accounts are maxed out, you need to start using a stable brokerage account. Now you can open that and put money in growth funds (which are general tax efficient) But then to get money out of your account you have to sell share to get the money out and that generally means timing the market. An alternative aproach is to invest in a good covered call dividend fund that is tax efficient. For example QQQI has a yield of 13% is tax efficient and doesn't have the NAV erosion issues many warn against. You can collect eh dividneds as cash instead of reinvesting it. And use that cash to fund repair projects and other bills and chains you need money for. Now it will take time but if your account gets to 100K I would put holf 50K in QQQI which would generate about 6K of cash a year. leave the rest in your savings. now for future deposit you could put them in your savings or into QQQI. And if you don't need the dividend reinvest them. QQQI pays out monthly. Now if you don't want to use a covered call fund there are a wide variety of funds available to use. JAAAA 6%yield, UTG 6.3%, zuTF 7%, ClOZ 8%, and PFFA 8% are lower yielding funds but they always pay the divined even if the market is down. Other good funds with higher yields are PBDC 9%, EMO 9%. PFLT 12%. Now with most of these you don't get any tax advantage as you do with QQQI. I built up my dividned income to 5K a month which allowed me to retire at 55. earlier than planned. 5K is enough to cover all of my living expenses There is no limit as to how much dividend income you can get. When you get to about 3 K a month of income from dividned you could loose your job and live off of teh dividends indefinitely.
You chasing returns and constantly checking your portfolio as a reasult. most growth index funds average about 10% a year. You could rediscover what your dad did. Dividend stocks. Is your dad constant checking the market and stressing about when the buy and sell? Likely the answer is no. For example you could invest in JAAA 6% yield ,UTF 7%, CLOZ 8%,PFFA 8%, without doing daily checks. Also with dividends stocks like these you they alway pay a very stable and predictable dividend. dividend cuts are rare with these funds. And you can boost the dividend to about 10% buy adding some higher higher yield funds PFLT 12% PBDC 9%, EMO 9%SPYI 11%, QQQI 13%. For dividends you buy and hold. With many of the funds I have list they deposit cash monthly into your account. Others deposit quarterly. Also many worry about market crashes with many of the lower yeild funds will continue to pay even when the market is down a lot. I ha30K of dividned income before Covid. The market crashed and 50% of the stock price disappeared quickly. But my dividned chacks came in on schedul and I still got 30K a year. And after covid the shoe price recovered with the market. Today I retired early at 55 and have 5K a month of dividend income from a taxable account that coves all of my living expense In Fact I routinely invest 1K back into the market. You can get this level of income with about 500K invested at a 10% yield. Just invest what you can monthly and reinvest the dividends. It will take time but you will get there. If you want you can start with the higher yielding funds first and then switch to the lower yielding funds. and your can use the dividends from a taxable account to fund your Roth or pay regular monthly bills. day trading and growth investing is like making bets a a football game and watching the gave.. Dividend is like watching plants grow. you wanch and occasional trim.
Time to use the brokerage account for investments thant can be bought an sold whenever you want without any of the restriction of 401K and Roth accounts. You could use a high dividend fund to generate income for your 7000 a year roth deposit. And if needed that money could be used to refill your. taxable account. You could also build the income up high enough to cover all of your living expenses. A great unemployment insurance option. Or you would retie long before age 60. I like high yield funds like QQQI 13% yield and BTCI 25% yield. And they are tax efficient. for starters. Over time you could add more dividend funds some with lower yield and or safer yields in bear market.. The other option to is to is to invest in growth index funds. Very tax efficient You could sell the stock to cover large purchases like a home or or car or repairs to them. The best portfolios have a mix of dividends and growth investments.
Spyi and QQQI or spy odte’s choose wisely
Invest your money in a dividned fund like QQQI. With this fund you don't withdrawal money and you don't have to sell shares to get the money. Instead QQQI deposits a cash profit sharing deposit from its 13% yield. And the number of share you have won't change with the dividned payout. With new cars costing averaging a cost of 50k you That 50K in QQQI is about 6,500 a year or $540 a month.
I’ve never heard anyone suggest this QQQI. I’ll look into it, thanks
Instead of SCHD I would go with QQQI. Many like SCHD for its growth and it also adds a little bi to sweetness from its dividend. VTI and VT are better for growth. leaving just the dividend which is small. QQQI has a dividend yield of about 13% about 3 times. higher. Eventually QQQI will produce more the 7000 a yard of income. As much or more than your yearly deposit into the roth. The dividends have no effect on the depoist limit. And ther is no limit on the ammount of dividend cash flow into the Roth acount. The ammount of money you need invested to $7000 in dividends is : QQQI 54K. VTI 614K. VT 414K. You can see it takes a lot less money in the to get a lot of dividend from QQQI compared to the other 2. Most of the growth during the firs 15 years comes from the money flow into the account. Not the growth from your growth funds. I would put all of your deposits into QQQI for the first 5 years to get it to produce 7000 a year. then use the dividends and your yearly deposits to build the other two funds as well as QQQI and any other dividend or growth funds you might like. fund you might like. I am nearing retirement and my right now gets 30K of dividends a year plus you have 7000 deposit limit for a total inflow of 37K a year. If you just used VT and VTI it would take a lot longer to get to 37K of cash inflow a year without QQQI.
Holy shit, the comments here. Folks these people are struggling for money and you all are recommending speculative investments especially at their age... OP you could go the QQQM route and bank on the nasdaq, personally I'm bullish on tech for the long term. But it seems like you need money coming in escecially after losing your job, I would look at QQQI, they pay roughly 14% dividend rates and only 5% of it is taxed so essentially you get to keep 95% of the dividends.
In my option the best thing to do is to invest in for dividneds in a taxable account. It will take time but eventually the dividend fund could replace your savings account.. your current savings is good for an unexpected large bill. But if you loose your job the money will run out quickly.. With a dividend fund you would a constant stream of additional income. For Example QQQI is a tax efficient dividend fund with a 13% yield. 50K invested in this account would produce about $500 a month. You could slowly build that up to over 2K a month of steaincome. Did that and built a stream of dividend income that allowed me to retire at 55 with 5K a month of income that covers all of my living expenses. While I did start out with one fund to do this I now have several for income and my Roth when it is available will provide me with even more income. Dividend income does not come from selling shares. It is a cash profit sharing depoist into your brokerage acount that you can spend or reinvest. With a good fund dividend income could last for the rest of your life. A good book to read is The Income Factory. And the youtube channel Armchair income is a good supplement to the book.
Wait cuz I still got 4 months on these $QQQI & $SPYI calls 🤑🤑🤑
I like higher dividend yields.. take a look at QQQI, SMHB and DX.. 13% - 20% yields.
I use a combination. So while I know I should have a bigger retirement savings. I am ok for a month or so, but I use FEPI which is in the Fang index and a combination of other high yield funds YMAG, QQQI, SPYI, DJIA, RYLG and some other ones for international, O&G pipelines, Defense, and REIT. But I prefer to have the dividends just deposit in my Robinhood account so I can gain interest on the balance and then when dips occur I load up on what ever I feel is appropriate. Then as a benefit the dividends paid also can be used in an emergency like now at the moment where my wife is out of work and unemployment is being difficult. So I can tap into the dividends paid when needed, gain interest on cash payments from said dividends when I don’t feel like it is quite right to buy, then load up in volume on dips. It has really helped keep my cost basis and overall return really in check and solid even on some riskier high yield plays. My plan is to then never sell any of the stocks and live fully off the dividends in a few years once I stabilize the holdings a bit for risk. But why like this is I invested heavily in FEPI, and YMAG first which has the highest payout and they basically keep my portfolio growing and expanding with out a ton of extra investment from my normal living expenses. I mean do your research and see what works for you. I know I eat a bit due to races from this strategy but I am ok with it and have a month of dividends each year pay that bill. But so far it has worked well to provide emergency funds and also be building to my retirement.
Yup I’m continuing with the same plan. VTI, QQQM, IBIT, QQQI, SGOV (savings)
With your current bond selections the yearly income from the account will ba about 1K. Not really enough to pounce on a market dip. Once thing to keep in mind this will have to be a taxable account. Roth would be preferred but with the deposit limit it will take you about 13 year to get all the money in the roth. I would use the money to strictly creat income. For example if you invest in QQQI 13% yield your account would generate 1K a month. That would allow you make a monthly deposit into your Roth. And with that steady stream of income you would build a growth dividend fund in the Roth And it would leave about 5000 that you cannot use in the roth. With that extra money you could: Pay off any loans you have. Use the money to help cover monthly bills. Reinvest the money in the taxable account for more income. Or use the income to cover expenses if you loose your job or cannot work due to a medical issue. This broach is very sustainable and has multiple uses instead of just one. And it still results in a retirment fund. Additionally with your existing fund ideas your yearly cash income
I’m not selling any of my weedstocks shares at these prices - but I did buy some of my fav divis this week - CCI , VYM and QQQI . If I’m ever able to recover my losses here %80 of funds will be re balanced into my divis. Cheers!!
You could open a new 'income investing account' on another brokerage and put the extra cash into income investments like QQQI, BTCI, BLOX, QDVO \[ this guy has good ideas on income investing [https://www.youtube.com/@armchairincomechannel](https://www.youtube.com/@armchairincomechannel) \]
Once thing you can do it put some money in bonds or dividend funds. These funds would add cash to your account which can be used to buy shares of other funds you own. Also if setup this way and you loose your job your account will still have money flowing into it. But a retirment fund has one limitation. IF you loose your job you really cannot use it for emergency income. Many recomend cash savings for this purpose. But cash savings will not last long. Building can a taxable dividend portfolio however can resolve this problem. if you had 100k invest in QQQI 13% yield it would provide you with 1K of income a month you could use if unemployed. And if you are still working you could build it up to 2K a month or more. The more income you have the better of you will be if you loose your job or if you have to take a leave of absence due to medical issues or family issues you will have income available to put food on the table.
Everyone keeps mentioning cash savings. but the cash doesn't last long. In 2008 a friend of mine couldn't find a job for 4 years. Most people only have enough cash on hand to last a year at most. A better way to ride through a recession is to have passive income from your investments. IF you have a bond or dividend fund producing 2K a month of income and you cut expenses as much as possible. that could cover you for however long you need to find work. For this to work you want a high yield so that you can quickly build up a passive income stream at minimal cost. 2 good funds for this are BTCI 28% yield and QQQI 13% and both pay monthly and are tax efficient. Additionally this should be done in a taxable account so that there are no restrictions on accessing the money at any time.
I think you need to propose and solution that solves his icomeneeds allows him to stay in better financial shape. Now 4000 a month is too much for a retirement account so I am assuming most of the money is in a taxable account. Using a dividend fund like QQQI 13% yield 100K deposited into the fund wasould generate 1K a month of income. So if he has 400K and converts all of that to QQQI. The dividend income wail be about enough to cover all of the mortgage payment. Allowing him to continue saving. This solution might be more appealing to them. Even if he doesn't have 400K available he might be alto get enough constant income to still save and get the home. The book the income factory is a good build to this type of investing
If you are saving up for school don't put the money in a growth fund. You could loose a lot of money if the stock market takes a big drop and if it is a long reccession it could take years to recover. A good dividend fund is a better choice. 100K in a fund like QQQI (13% yield) would generate about 1K a month of income. Since you are young and still living at home move all of your savings to a brokerage account and invest it in QQQI or other similar fund. And set automatic dividend reinvestment to on. Then save up as much as you can. Then just before you start medical school turn off dividend reinvestment. So the cash dividend will stay as cash. You can then transfer to the cash to a bank account or you put the money in a money market fund to earn interest and then get a debit card from your brokerage. I use fidelity and my dividends cover all of my expenses in retirment and I use the debit card to spend it. You can then use the steady stream of income to cover your expenses while at school. Dividend are far more stable than growth investments. So the market could have a bad year and you will still get your dividend income. During Covid my portfolio lost 50% of its value. But the dividends continued to come in unchanged. Now there is no guarantee so it is possible the dividend will be reduced for a while but it will still provide for some income. I would suggest you reed the book the income factory. And look at armchair income on youtube. He invest in the same way as the gook but does detailed reviews of funds he uses. So Armchair income supplements the information in the book.
prioritize retirement account and what ever is left goes into a taxable brokerage account and HYSA or money market fund. but also keep in mind the HYSA is only the first step in your taxable savings. Everyone needs an emergency fund. But cash in a HYSA won't last long if you loose your job in a recession. After you get your HYSA at an adequate level you could consider using a high dividend fund. If you built up a dividend fund in a taxable account it can provide you with a continuous stream of income to to help you with the unexpected bills in life. and provide income if your get injured and can never return to work. For example 50K in QQQI 13% yield (and tax efficient) can generate about $500 a month or 7000$ a year. you can use the 500 a month to: * Cover some monthly bills. * Make monthly payments to your Roth or personal IRA. * To refill your HYSA * Or Reinvest theme in /QQQI or another dividend fund for more income. The more dividend income you get and use can allow you to divert work income to other needs. Eventually all your regiment savings could come from your taxable dividend income. And if everything goes well it might even allow you to retire before age 60.
I get this every week. Only issue there is switching between the 2 is. If you want to switch to a cash account you have to wait till your last day trade resets. Then you can switch to a cash account. Or Waite till your cash settles to switch to margin. Best is to use margin then wait till the next day to sell. I’m in the same boat. Not a lot of money to trade. Ideally buy into a good ETF like SPYi or QQQI. Or go a bit riskier and go with something like BLOX. That pays around 35%. Then take any profits you made from trading and put that into the ETF of your choosing. It’s a good way to build up your funds.
There is nothing wrong with moving it into index funds. And it is not difficult to do. But often the primary reason for HYSA is money you can tap quickly for those unexpected large bills that show up of time to time in life. The problem index funds is you have to sell them from to get money. but you want to sell them at a profit not a loss. Unfortunately many need this money when they loose their job in a recession. Which often means selling at a loss. You want to avoid that. Another way to avoid the liquidity issue is to split the money. Keep 6 months in HYSA. And put the rest into a high dividend fund in a taxable account. For example 50K in QQQI would yield about 7K a year ($583 a month) of income. Significantly higher than the what your HYSA is generating now. So with 50K HYSA and 50K in QQQI you can: * you could put the dividends into your HYSA to keep it at the 6 month or living expenses. * If you empty the HYSA you still have the monthly income from QQQI which can be used to refill the HYSA. * You ca use the dividends to cover some monthly bills. * Deposit the 7K dividend income in a Roth account. * Or reinvest the money for more dividend income. IF you keep reinvesting the dividend income you can grow the dividends to 1K a month, 2K a mont or more. And since it is in a taxable account you can use the dividend income at any time to retire early. * QQQI is also a tax efficient fund so you pay less in taxes for the dividend income you get. So using a dividend fund has more liquidity and versatility than a growth index fund. With many possibly uses for the income. I built up 5K a month of dividend income using a variety of funds including QQQI and it allowed me to retire before age 60. 5K a month is enough to cover all of my living expenses.
Savings- 6 months emergency in HYSA, rest in money market, buy some TBILLS or CDs and create a ladder.(if you have state tax TBILLs can be a better optiony, as they are not subject to state taxes. You can also just use SGOV or VBIL ETF for TBILLS or buy CDs through your bank.) Retirement- max out ROTH IRA, contribute to 401k and HSA (you can invest excess $$$ HSA after you've hit your cap.) Visit r/bogleheads for tried and true ETF's Personal Brokerage- create a dividend portfolio. I use QQQI and SPYI ETFS currently. It pays for my monthly spending. I also have a little gold just to hedge and put spare change towards BTC. And if i get excited about a up and company company ill bet on that if I have extra cash to toss around. DRIP- Enable reinvestment for your Retirement and savings positions!!! Set it and forget it. Also use DRIP methodology until you get your dividend portfolio where you would like it to be. LIVE BELOW YOUR MEANS and budget EVERYTHING (including tine) ! - No matter what stay humble and live far below your means. Don't pay above 25 percent of your income for rent, keep your grocery budget reasonable. Instead of eating out shitty every week go to one nice restaurant a month etc.. No one knows what tommorow holds. Dont piss away your hard work buy making your day to day bills eat up your whole paycheck. All it takes is a lost job and now you have lost everything.
NEOS ETF’s like QQQI have a very high dividend yield like 17%, whats the catch?
I’d park $1 million into QQQI for a casual $130k passive annual income and seek financial advice for the rest.
Just sayin' it could be ULTY or something else, but if you hit a big win with a penny stonk why not put a little in something that gives back. QQQI is another one with a big dividend, it is just over $50 a share.
Covered calls by their nature cap your potential gains. You keep collecting the premium selling options as long as the stock price stays low. If the stock price rockets up, your shares are called away and you no longer collect the premiums. Now imagine I had NVDA stock and kept selling covered calls. One day it rockets up, my shares are called away, the stock keeps rocketing up and I lost the opportunity of those gains. I mean if you have a high conviction long term investment, you probably don't want to risk assignment and losing shares. There is also tax obligation that triggers on profitable sales. ETF's that sell covered calls and return the premium to you in the form of dividend distribution have gotten very popular recently. You have JEPQ yielding around 10% and QQQI about 13%. In this case there is no maintenance to sell contracts and no risk of shares getting called. >I get you can get trapped if the prices tanks but outside that, isn't that just like free money until it finishes ITM You're basically saying I can't lose money if the stock doesn't go down. Easy to say, not as easy in practice.