SPYI
SHP ETF Trust - NEOS S&P 500 High Income ETF
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He listed QQQI, SPYI, and JEPQ. These fund have yield of 13%, 11%, and 10%. We are not talking about low yield fund with yields of 5% or 8%And in moderate bear market these dividend funds will easily have a higher total return. The growth funds he listed have an average total return of 10% so the dividend funds have a similar average total return. Yes growth funds can hit 20 occasionally but that cannot tdo that consistently and some years they loose money while dividned funds continue to pay dividends.
52 here... I just asked in the dividend sub for better balancing ideas with focus in income - specifically, i wanted to reduce my super safe SGOV position and start a SPYI position for decent dividends (of course, in exchange for risk). I executed the plan and in the coming months, i plan to use the SPYI income for monthly bills and increase my Roth 401k contribution (catch up). Just my silly plan :-)
VTI = Total USA market VOO/SPY are both S&P500 index funds. These are not growth , they are broad market and hold both growth and value (QQQI, JEPQ, SPYI) These are covered call ETFs, they are not even dividend focused , they sell upside to produce a premium . They will over the long term almost certainly under perform their underlying index of the Nasdaq 100 and S&P500 Simply buying VTI will give you a mix of growth , value , dividend stocks
I was in the same boat. Starting to turn it around. Depending on how much you have left. Start with weekly CSP’s or put credit spreads on quality companies. I have a credit spread going this week on Google. 225/222.5 is my spread. Once the week is done I will have received. $84 in premium. The deposit was $250 for the credit spread. Out of pocket I only had to put up $166. Last week did the same play made $71. In 2 weeks that’s $155 in premiums. I stopped 0DTE trading. That was my biggest issue. Just about 90% of my losses from last year was due to 0DTE/1DTE trading. If you plan on doing options 7DTE minimum. Max 30DTE. Take your premiums and put them in a good quality ETF that pays monthly like QQQI,IDVO,SPYI. Or SGOV. That way you are always making a little bit of cash each month
> What are you thoughts on investing roughly $5K each into these etfs and just dripping for the next 20-25 years? But why? They will almost certainly underperform their respective index. SPY will beat SPYI, especially over long time frames.
I’m right there with you but without 120k. That is about the exact amount I simulated to provide a passive way of investing. I recently thought about stable ETFS that pays monthly dividends, the high yield ones are all trash like YIELDMAX. Look into FEPI, SPYI, QQQM, QQQI, JEPQ. You can download Google Gemini and apply different strategies to have growth and compounding as well monthly income. Tell it to create a table of monthly and yearly cash flow. You can do a cascade strategy to use dividends from one ETF to invest the other. There are market risks of volatility but if you hold the QQQs on will eventually grow go back up. It’s kind of addicting to fine tune strategies that don’t feel like random luck. Take your time and good luck!
Just buy a dividend ETF like JEPI/Q, SPYI, etc so that even if the market tanks, yours hopefully won't tank as much and you'll still make 8% in dividends
Some people don't tolerate market crashes well panic and sell at a loss.Typically this is common in those that are older and have no experience with investing. You know your risk tolerance but do you know your moms? Typically these people do bettrterwith dividend stocks or funds. In the US I like QQQI 13% yield, SPYI 11%, ARDC 9%, BPDC 9%, EMO 9%, and CLOZ 8%, UTF 7%, UTG 6.3%, JAAA 5.5%. The lowest yield funds are the safest and even the higher yielding funs a very good. She won't see big big gains but she will see consistant quarterly or monthly payments.
I appreciate what you're trying to do, but I'm not sure you've fully thought it through. On the legal angle: there's not really a meaningful distinction between "one brokerage account" vs. "two brokerage accounts" vs. "a trust with one brokerage account" here. Once you're married, it's all going to be joint to some extent. Your state laws on community property may influence this, but they'd do so with a trust also. Honestly I would just establish a joint account, and get a prenup in place if you want mutual protection. On the financial angle: it will be very inefficient to build an income fund. Most anything that produces consistent income will also produce a relatively low amount of income, just a few percentage points. You'll need to stuff tons of money in there just to generate any meaningful cushion. Things like SPYI and QQQI will return less than SPY & QQQ in the long run - *and* they'll be significantly tax-inefficient to boot. It would be much wiser to just invest more in your brokerage account, and be ready to dip into that if necessary if you need a cushion. Don't get hung up on the principal vs. income distinction. It's somewhat meaningless for most stocks, like dividend-payers, but it's *especially* meaningless for funds like SPYI/QQQI, where it's really not much different than just selling your stocks over time.
You should not keep income funds in a taxable account. You're just forcing yourself to pay more taxes every year. I believe SPYI is also mostly unqualified dividends.
I’d have a fair amount split 50/50 in QQQI / SPYI
I'm totally out of Yieldmax now after dropping HOOY the second week in December, which was the last one I held. They should be called yield trap funds. I now have it all in JEPI, JEPQ, SPYI and QQQI. Smaller divies and some small growth in price too. Good luck to you in coming back.
Almost all investors have a cash account. And most of the time it is in bank or taxable brokerage account. Partially for emergencies and pratially to help handle the big unexpected bill. But that said the cash account is the first step in the a taxable account. A emergency cash fund won't last long is you loose your job in recession. It could take form than a year to find a new job. FPassive income is better because the money will not run out. A fund like CLOZ 8% will pay a dividend (passive income. It will take time to build up the money in CLOZ to get meaningful passive income from it. If you don't need the passive income simply reinvest the funds. Or use the money to fund your Roth account or pay monthly bills. But it things go bad turn off any automatic dividend reinvestments. The dividends will then show up as a cash depoist into your money market account. I realize this in my 50s and took some excess growth I had in a taxable account and built up pasive income of 5K a month and retired. I am currently suing the passive until my retirment account become available. Some People use SGOV instead of CLOZ. Others may use riskier funds like PBDC 9% yeid, EMO 9%, ARDC 9% UTF 7% or UTG 6.3%. Other other will use covered call bunds like BTCI, QQQI, and SPYI.
I like how you think. Currently I have positions in QQQi, SPYI and BTCI with estimates at 14k a year. the 250k in MM will yield 10k. So that's 24k. I need to do more research on the risks and the tax implications of each fund.
Just gonna play ETFs man $SPYM for long term calls $SPYI for BTFD moments
There are ETFs that attempt to generate income from options trading. They are run by professionals that do only that, so perhaps that may be a place to start while learning more. Examples are JEPI, JEPQ, XYLD, QYLD, DIVO, SPYI, and more, most own shares of the underlying index funds and sell options on them to generate yields higher than the index provides. Options trading requires time and research to work well, and limits the capital gains on the underlying funds in return for more monthly income. I would also consider just moving more assets to equities if you are 10 years away from retiring. But that depends on your goals and plans.
Just wait for a decent-to-large dip, the buy $SPY/$SPYM/$SPYI LEAPs and never have to work ever again
Those are just covered call ETFs , if you hold VOO adding SPYI or QQQI does not add diversification
SPYI is a sister fund to QQQI SPYI invest in the S&P500 index. So with QQQI and SPYI you wouldn't hurt diversification.
Add QQQI, and SPYI to your portfolio. and if you want BTCI. to your portfolio. Setup each with an equal amount of money like you have with your current portfolio. Reinvest all dividends in growth. And then yearly rebalance everything By reinvesting the dividend into the growth you adding a lot more shares of growth. So when there is a good year your account will do better than it would without the dividneds. Eventually the dividends alone can add more money to your acc count than you you can.
VT for buy and hold. SPYI or QQQI for similar but with some dividends if you need cash. I would also suggest learning a basic strategy. Look up something like how to buy dips using EMA to build skills and learn your way around the trading software. Simple strategies can be used to help improve cost basis. Anything else is gambling until you have read a few books on fundamentals, economics, and FIRE type goals. If you are looking for passive income, that's a more advanced topic due to the exponential increase in risk.
I would have bought SPYI and just lived off the dividends in Da Nang, Vietnam. At this point, I hope OP can learn to never risk more than 1% of your port for each trade. With a 33% win rate, you'd still be profitable & wouldn't blow out your port in an unsustainable way. But tbh, sometimes trading or gambling isn't for you. Move on to GA & find another side hustle.
SPYI and those other cc funds are less risky than the underlying. Lower beta. Steady income so that you dont need to sell shares during a bear market. Thats the tradeoff for less upside in a pure bull market.
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.
A custodial account in my makes sense to me. You control the acount until you transfer it to your grandson. I would invest in a mix of dividend funds and growth. That way when he get it it will produce some income he can use immendiently if needed. And the growth would be a good long term way to save money with low tax. For growth you could use funds lit VTI and VSUS. For dividneds you could use funds like SPYI 11% yield , PFFA 8% yield, and CLOZ 8% yield. SPYI is a tx efficient fund PFFA is reliable source of coperate dividned income. CLOZ is a very stable fund with an with a really good divined.
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.
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)
I would put that money in SPYI. This fund has a dividend yield 11%. So this would generate $1100 a month you can apply to your mortgage or other bills or use it for your roth depoist. You could also put it in your HYSA to keep it full.
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).
How much does he have? That probably matters as much as how he invested. If he has $500,000 then you could just do an SPYI/SCHD mix and collect $3,000-5,000 a month in dividends and be relatively fine.
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
There are a lot of people doing it the easy way, which is to buy into a covered call income ETF like SPYI or JEPI that converts monthly premium into a dividend. Has a similar risk profile to options but with diversification and a professional company managing the specific positions. Doing it yourself means a lot of stress and taking some painful losses, while the CC ETF’s are set and forget. You won’t get full upside and are susceptible to asset devaluation, but that is true to a much greater extent if you try to DIY options as a beginner with limited capital. The theory of allocating a portion of your portfolio to premium generation is exactly what those funds allow. DIY options trading for income is more about entertainment value for a lot of people. They enjoy the stock picking and managing of positions. And you mentioned taxes. Some of the covered call funds are able to offer tax advantaged dividends, so that too makes them more efficient than all the short term gains of DIY options. I used to do a lot with options, and still do a little, but I have started shifting more of that capital to these types of funds. Still riskier than traditional funds, but they offer a monthly cash flow with less volatility if that’s what you are after.
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%.
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 👍🏻
If you want income buy income investments like SPYI that pay you monthly distributions. You can also buy stocks like VZ or bonds.
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.
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.
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%.
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).
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.
I’m 67 and recently retired in Texas. 30+years in public education. I’m looking for passive income through dividends. I’m currently looking for a new job so I can aggressively add to my portfolio and pay off my house. Right now I’m invested in KO, PG, MO, and KMI for growth and ETFs O, SCHD, JEPI, SPYI, ULTY, and QYLD. I literally just started in September and have gotten almost $40 in dividends to reinvest so far. I have a long way to go but I hope I’m on the right path. Any suggestions, critiques, comments, or anything else is welcomed!
I may have to check some of those out. I just started a portfolio for dividends because I want to be prepared to replace social security if needed. I have SCHD; SPYI; JEPI; O; ULTY; plus KO, MO, PG for growth. Only have a few thousand in since September but so far I’ve reinvested around $40 lol. So I guess off to a good start.
Wait cuz I still got 4 months on these $QQQI & $SPYI calls 🤑🤑🤑
The margins on having a rental property don't even make sense. If I was to buy a 500k condo here, I'd maybe get 3100 or 3300 a month for it. I'm better off putting that into SPYI or VOO.
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.
Yeah. Covered call ETFs suck. You can look at various periods of the underlying ETF vs. the corresponding covered call ETF (eg. SPY VS SPYI) and look at the performance with dividends reinvested.
Ok but what about 66% in SPYI
I don't think it's necessarily the covered call strategy that is broken, but many of those ETFs definitely are. In general selling covered calls will limit your upside in a bull market and reduce your downside in a bear market with overall reduced volatility. Mostly useful if you want income and are willing to sacrifice some returns. You can tell some funds are poorly executed. XYLD uses an S&P500 CC strategy as does SPYI, yet SPYI has 10% higher returns YTD. It also matters how the fund manages a shock like what happened in April. If they again sell short-term near the money calls before a sharp recovery you'd lose substantial gains. Better managers will just go fully long the asset in those cases or only sell calls on a portion of the portfolio.
I don't think it's necessarily the covered call strategy that is broken, but many of those ETFs definitely are. In general selling covered calls will limit your upside in a bull market and reduce your downside in a bear market with overall reduced volatility. Mostly useful if you want income and are willing to sacrifice some returns. You can tell some funds are poorly executed. XYLD uses an S&P500 CC strategy as does SPYI, yet SPYI has 10% higher returns YTD. It also matters how the fund manages a shock like what happened in April. If they again sell short-term near the money calls before a sharp recovery you'd lose substantial gains. Better managers will just go fully long the asset in those cases or only sell calls on a portion of the portfolio.
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.
Have a look into parking some of that MM cash into SPYI.
OP is asking about selling short term covered calls against SPY presumably for income. SPYI is more tax efficient than that assuming he is doing so in a taxable account. I'm with you though and do not own SPYI myself.
[That's massively worse than just buying SPY though.](https://totalrealreturns.com/s/SPY,SPYI) Even worse when you account for the tax drag.
May I introduce you to SPYI which is likely more tax efficient and requires less management/oversight.
Do ETFs less worries, more diversification. Depending on income needs there are much better choices then SCHD for income. SPYI was a good start
SPYI, QQQI or BTCI if you can stomach more risk.
The traditional advice for retirement accounts is to invest in growth index funds like S&P500 (500 companies) or a total market fund like VTI with thousands of companies. These funds tape into the average growth of hundreds of companes. FBTC basically taps into the growth on one thing bitcoin. Bitcoin is fare riskier than growth index funds because it is not diversified. Yes it has been consistently going up. But eventually anything in the market will go down. When at nd how much no one knows. For people that are retired they common adivce is to convert your growth funds to Bond funds for income. Others use dividend income. These assets generate a continous stream of income without selling shares. Many have a mix of growth index funds, bonds, and dividend funds. For taxable accounts many use bonds or money market funds or dividends for income in addition to work income. And often growth index funds are included. I wouldrecomend you go with a combination right now with VTI for growth and SPYI for income. Many
Bought GLD 2027 leaps at market close. Sold everything else except QQQI and SPYI
I keep things as simple as I can for me. I'll reevaluate when I'm 40. I keep about 3-4 months of expenses in a HYSA for my emergency fund. About 90% of retirement savings in growth funds like VTI and VXUS (FXAIX and FSKAX in my 401k). The other 10ish% in income (SPYI and QQQI) and bonds (FBND). I started contributing $5 a paycheck and now I'm up to 28% of my salary. I also have an HSA to take advantage of that benefit and I recommend everyone I know to look into it. Anything helps so start as soon as possible, even if it's only $3 a month.
You can’t buy QQQI SPYI in Europe, except if you are a professional investor.
I live in the US. I don't know how your laws affect investing for you or the fund selections you use. So keep that in mind. JEPQ and QYLD both invest invest in the same index. So why both. Also these ar not the best ones in the US markets. JEPQ produces regular dividends so the income is taxed at a higher rate. QYLD is known to have NAV and share price erosion issues. I use QQQI 14% yield, and the fund does everything possible to so that the share price and NAV follow the index. So far no NAV erosion issues. Also in the US the dividend is classified as ROC and is taxed at a much lower rate the JEPQ and QYLD. QQQI is a NEOS fund. NEOS has another fund SPYI that invest in the S&P500 The yield is 11.7% has no NAV erosion and the same low tax are QQQI. XYLU also has NAV erosion issues. So over all I would replace JEPQ, QYLD, and XYLU with QQQI and SPYI. Neos has several good funds you might want to use check out their web site. Also SPYI and QQQI fallow ther index they fallow. so volatility should be similar to the Nasdaq 100 and the S&P500 indexes.
Options on CC funds and other high yield investments like BDCs and REITS, especially MREITS, typically have wide spreads like that I'd start by looking at JEPI or SPYI
"S&P 500" isn't a stock; it's a collection of 500 different companies. Rather than you investing in each of them individually, there are companies out there that bundle them together for you. SPY, VOO, IVV, FXAIX, etc all track that index of companies. There are also variations on the theme, but SPMO and SPYI are not tracking the index itself.
I degened 70k into a deep sea mining stock at .75 TMC and it went from .75 to 8.00 to 5.00, I sold 66% at 5.00 and put it into QQQI and SPYI, still have 23k shares at 9.50$ of TMC and still being a degenerate with about 150k margin on QQQI which I think is a safe bet.
The practical fix is a rules-based withdrawal plan with a 2–5 year cash/bond bucket so you don’t have to sell VOO in crashes. What’s worked for me: keep the core in VOO (or total market), hold 2–3 years of expenses in a T-bill/CD ladder and another 1–2 years in short/intermediate Treasuries. Refill the bucket in up years by trimming stocks; in down years, spend the bucket and avoid selling equity. Pair it with guardrails like a 4% start and adjust using bands (Guyton-Klinger) or VPW so withdrawals flex with markets. On SPYI: that yield is mainly option premium. It can cap upside in recoveries, payouts aren’t guaranteed, and taxes can be less friendly. I’d treat it as a sleeve, not the whole plan. Dividend funds can also cut payouts, so they don’t remove sequence risk. I use TreasuryDirect for I Bonds and a 24-month T-bill ladder at Schwab; for a 3–5 year income floor I’ve also used multi-year guaranteed annuities from gainbridge.io. Bottom line: a buffer and rules beat chasing yield for retirement income.
Since inception SPYI a covered call fund has been averaging about 15% With most of that from its dividend. Yes during that same period the S&P500 has been averaging close to 20% in the bull market we are in. But in bear markets the covered call stratagy tends to outperform the index.
For long term growth rate you want the since inception number. For SPYI this would be from 1993 to today. Which is 10.69% It is substantially lower because it includes the lost decade of 2000 to 2010 when the total return over those 10 years was about 4% Since the index was created 1957 it has averaged about 11% per year. Generally most index funds come in around 10%
Selling shares is one way to get income for retirment. The other way in a retirment account is to move money out of VOO and invest in a dividend ETF like QQQI 13% yield, or SpYI 11%yield. these payout monthly. So about 500K in SPYI would generate about 4K a month of income without selling any shares. And If you don't spend all that money in a month reinvest it. The issues with selling stock is sometimes you end up selling at a loss for income. This can lead to sequence of return risk. Without sequence of return risk you will generally run out of money after about 30 years. With sequence of return risk you could run out of money a lot less time. With dividend you are never selling shares. Some dividend investments have been paying a dividend for 100s. Some mutual funds and CEFs have been paying out for many decades. ETFs are relatively new but the older have been paying outdoor just over 30 years. As long as you invest in fund or company that swell managed you would have money for life. The book the income factory is a good guide to using dividends for retirment.
I have a big chunk of money in SPYI in my Roth IRA
Or put that 1 million in SPYI instead of VOO, over $8k a month without ever selling a share, invest whatever income not needed to increase the cushion, or save for taxes or emergencies in a HYSA.
I wonder how much more divided SPYI would pay if the market collapses over long period?? The covered calls should provide lots of premium
The optimum strategy would be to split it 50% VOO 50% SPYI. you generate 60k a yeak while you nest egg grows market tanks so what. you wait and recover. Say you income drop 30% you are at 42000 just a hair under what you need. you can get a gig job to cover the rest pretty easily until it recovers. the money you don't spend out the 60k when the market is doing ok. you reinvest using same split. growing income and growth. It is hard to lose in this situation.
It would do fine certainly better than garbage like SPYI. You seem to think SPYI is some guaranteed 12% annualized income no matter what happens. If stocks drop and remain depressed SPYI will end up eating up your wealth to produce that non-unsustainable income. Who needs 12% income anyways it is reckless and stupid. Here is a 3 fund portfolio "surviving" the GFC with a 4% real draw (draw 4% in first year and index to inflation) Despite 17 years of draws and starting right before the worst crash in modern history your wealth has increased 30% in real terms (inflation adjusted) https://testfol.io/?s=4F2EjSZQhVV
Informing your allocation which is … questionable I would keep SPY (covered call ETFs like SPYI are a retail fad and have considerable issues). I would just set up some automatic sale each month. If it’s not possible with your broker then just sell shares every 6-12 months and do automatic monthly transfers from the settlement account.
Right and there are ways to produce income that don't involve goofy crap like SPYI. Also if you were buying VOO for decades and sitting on a mountain in capital gains why would you sell the VOO paying a fortune in taxes to buy SPYI?
Neos S&P 500(R) High Income ETF (SPYI) Performance History - Yahoo Finance https://finance.yahoo.com/quote/SPYI/performance/
Most people in retirement are not 100% VOO or dumb crap like SPYI. US stocks, foreign stocks, bonds, and gold. Sell each quarter and rebalance.
Love that you’re actually letting go of the stock-pickng trap and leaning into funds, that’s way harder than people admit, especially when you've been hands-on for a while. one blnd spot though is you're kinda stacking U.S.-heavy funds (like FXAIX and SPYI) that ovrlap more than they help, so are you intentionally doubling down there or just playing it safe without realzing it?
Looks like maybe something that pays a monthly dividend? I know SPYI was on this sub like 9 months ago so maybe that 🤷♂️
Get rid of QQQI and SPYI and just buy the underlying index.
Covered call funds like SPYI and QQQI are how I am planning to hedge for a sideways market.
Check any tickers here https://totalrealreturns.com/n/TSYY,EGGY,SPYI EGGY has great total returns and yields about 24%. SPYI is solid and yields around 12% TSYY is not diversified and is a yield trap where you will lose money
What I would do with cash is put it in a taxable brokerage account and turnoff automatic dividend reinvestment. The cash from the dividned can be placed in HSA, HYSA, or money market account. After that any excess can be used to used for personal needs mortgage, roth, or held as cash for emergencies. Or some could be invested With a fund like QQQI 13% yield your account could push out a lot of cask per year. 100K at 12 would generate $1000 a month. And QQQI is a tax efficient account. The fund takes steps to lower the tax on the dividends you recieve. SPYI is similar but 11%. EMO and PBDC 9%, PFFA 8% or you could just go with a utility fund UTF and get 7% IF you want to take risk There is BTCI which has a yield of 25%.
Most of the comment you have gotten are about people buying and selling stock for captial gains. If you only aim for growth and never sold you would never have financial freedom. The best way to get financial freedom is from a dividend stock. A dividend is profit sharing cash payment to shareholders. For example if you invested in preferred stock fund like PFF with its 6% yield 1 million in it would pay you $60,000 a year without selling any shares. Or you can use fund like SPYI and get $110,000 for 1 million invested. Note most people trying to retire early would never consider a portfolio of 1 million sufficient for early retirment. Instead many aim for 3 million or more and then slowly sell if off via the 4% rule. With dividend you need a lot less money to get the same financial freedom. A good book to read is The Income Factory. It goes into how to build a dividend portfolio for stable income without selling shares. Armchair investor on youtube is retired and he invests his money the same way and does detailed fund reviews of funds he adds to his portfolio. I retired in my mid 50s with a dividend income of 5K a month from a taxable account. When my Roth and 401K become available my yearly income from dividneds will be in excess of 100K a month.
Just chilling with my $QQQI and $SPYI calls for Feb & March
SPYI, QQQI, and BITO in order from most to least allocation
You can move the account to a brokerage without insuring taxes. I use fidelity. All you have to do is contact them provide them with he account number for the american express account number and fill outcome forms and they will mov the acount to fidelity. >I guess I realize I lost money by not putting it in stocks and by inflation. I just don't know what to do. IT is important to realize your fear of risk is is not based on your experience with your investments but your fear of not knowing what will happen. In most cases the fear is a lot larger than actual risk. In my IRA I have a bond fundFAGIX that ear a steady 5% yield but I also have JAAA 6%yield, CLOZ 8%, UTG6.3%, UTF 7%, PFFA 8%. All of these investments produce cash payments into your account regardless of what the share price will do.The share pirice may go down but the cash will still be deposited quarterly. Generally people like you do better with these investments. Now you can add up to 7000 a year into an individual IRA. I strongly suggest you do this every month. Over time as you get more failure with these funds your fear will drop. Some higher yields can be achieved with slightly more risk with funds like PBDC 9% yield, SPYI 11%. And you could put some money in VT. All of these do hold stocks. Start out small first and gradually increase the ammount. in them.
SPYI And forget about it.
Just sitting pretty on these $SPYI and $QQQI calls for 2026
$16.5k in $SPYI calls for March ‘26 mmmm~
I’d take profit on ATCH. Wish I got in then. Bought at pre market sold at 50% profit. Bought back my initial investment in dollar wise. Instead of $0.87 a share I’m at $1.28 a share. Less shares now. But still profit is profit. Your up 620% time to sell at least half your shares man. But $5 a day. I like SPYI
try and income fund like JEPi/JEPQ. SPYI etc. They do all the covered call selling for you./ JEPI will give you $80'000 in income every year
Roth IRA are somewhat unique retirement accouts. The really contribution limit is 7000. 1/3 of the limit for most 401Ks. But when you retire the money you withdrawal is entirely tax free. Mathematically the more you put in in the first 10 years has a much larger impend on thesis of the fund when you retire. So the7000 depoist limit really hurts the growth of The fund. On solution to this problem is to invest in a good high yield dividend fund QQQI 13% yield or SPYI 11% IF you invested 100k in a roth in QQQI you would get about13,000 in a year into the account. And your yearly 7000 a year deposit is in addition to that. So 20,000 a year total. That is 180% increase in the contribution limit. You can turn off automatic dividend reinvestment and deposit the money equally in all the funds in your portfolio. or you could have QQQI plus your favorit growth index fund and read the money from dividends equally in each. The long term average total return for QQQI will be about 13%, The long term average total return for The S&P500 is 11% So in a bear market QQQI will likely do better than S&P%. But in a Bull market the S&P500 will do better.
Check each one for its total return first. Then check for nav over time. If the ETF has a strong total return and the NAV trades sideways or slightly grows then you have a winner. For example check out QQQI and GPIQ versus QQQ and SPYI and GPIX vs VOO https://totalrealreturns.com/n/QQQI,GPIQ,VOO,QQQ,SPYI,GPIX?start=2023-01-01 These are all strong performers without nav erosion.
i think you have a solid list, but a lot of your ETFs overlap in strategy, and you can trim these down specifically, SPYI, QQQI, JEPQ, and JEPI all distribute monthly dividends by selling covered calls. i’d just hold JEPQ and JEPI because they are larger funds with lower expense ratios, and they are the same strategies as the other two ETFs similarly, SCHD, DGRO, and HDV all target dividend stocks. there’s effectively no difference between investing in a dividend ETF that distributes quarterly and investing in a regular index ETF and selling it yourself. personally i’d put all my money in VOO over these