SPYI

Various_Couple_764

I personally prefer dividend investing especially in a taxable account. For taxable account there are no restrictions on the ammount you can invested per year and and you can withdrawal your money at any time with no restrictions other than taxes. So it is best to take advantage of that. It is widely recommended that you have 6 month of cash saved up for emergencies. a money market account in your taxable brokerage is ideal for that. There are money market accounts available with yield comparable to High Yield Savings Accounts iat banks. Then I would start funding a high dividend fund so that the dividned will keep the money market account full at 6 month of living expenses. Dividned are cash profit sharing payments made directly into your brokerage paymentsSPYI 11% yield is a good one with a high tax efficency. Meaning the tax you pay on the dividends will much lower than the tax on your work income. In fact this fund will be close to tax free for about 9 years. After that you owe tax every year but still at a rate lower than work inocme. Turn of automatic dividned investments. That way the monthly dividend payments will go directly into your money market account. If you have more than 6 months of cash you can invest the excess into VOO and VFX if you want ore reinvest for moredividned income. 50K invest in SPYI willl generate $$5.5K a year. So now you have a taxable account that will generate cash that can be used to cover your Roth IRA payments or use to pay montly utility bills another regular expenses So eventually the dividend income could cover all of your investments and some or all of your living expenses. This effetely means you won't have to use your hard earned work income to save for retirment. I realized this lay in life but I was able to build up enough dividned income to cover a;; pf my living expenses and retired at 55.

Ahamadrayasbaboon

No sweat…Covered calls aren’t the move. Take a look at options premiums. If a premium is $1 and the share price is $50, selling that call will protect against 2% of downside. They really work best in flat periods, but you have no way of predicting those. SPYI’s periods of outperformance will not make up for its periods of underperformance over time.  Defensive sectors have lower downside risk in exchange for much lower growth and pay 2.5%. XLP, XLU, XLV. SCHD is heavily defensive and pays 3.5%. You could try buying those opportunistically while DCAing your more speculative moves.  Defensives and SCHD have a lower likelihood of margin call than SPYI, and are a large part of my strategy of interest/dividend neutrality in my margin account. . 

MeMahi

Ei kyllä se olet sinä kenellä luetunymmärtäminen tökkii, mitä kohtaa sanoista "hommaa töitä" et ymmärtänyt? Jos nyt tosissaan haluat neuvoa, niin avatkaa Nordnet arvo-osuustili ja siellä ETF-kuukausisäästösopimuksella ajallisesti hajauttaen esim. 500 €/kk [SPYI](https://www.nordnet.fi/etf/lista/spdr-msci-acwi-imi-spyi-xeta) ETF:ään. Ja sen jälkeen hommaa töitä. Jos haluat lisää neuvoja, niin r/Omatalous on suomalainen taloussubi. Sieltä vaan kyselemään apua, tietävät Suomen lait ja rahastot paremmin. Mutta neuvovat samaa kun minä, hommaa töitä ja laita rahat SPYI:hin.

Various_Couple_764

SGOV is basically the same as a Money market fund or HYSA. I would rather deposit money into a high yeild fund like QQQI 13% yield. and turnoff dividend reinvestment and and led the dividned fill a money market account. build that up to 5 most of cash Anything more than 6 month would be reinvested for more dividend income Eventually the dividned income may be enough to allow you to start funding the Roth. So now you have dividends funding your Roth and keeping your emergency fund full. Eventually you could start using the dividned income to also start covering some of your monthly bills. Which would indirectly allow you to increase your 401K invsitment. Eventually I added other dividned funds like SPYI 11% yield. EMO 9%, UTF 7%, UTG 6% and PFFD 6%. All these funds are taxed at ta lower rate than your work income and they pay montly dividends. My taxable account now generates enough inome to cover all of my living expenses. it won't fix your problems overnight. It take time to build up the divine income . And the more income you have the easier it is to invest for retirment.

Various_Couple_764

The fear and anxiety are from not knowing what to do and worry that the share price will suddenly move and you loose. You might be better off with dividned investing. Dividend are cash profit sharing payment directly to your brokerage acount. Dividned funds and stocks tend to smaller and less frequently price swings than growth stocks. And the dividend payments that occur montly or quarterly can be substantial if you have a lot of money. With dividend you will make a yearly profit without selling the share. All you have to do it simply hold them in a brokerage account. You could sell them but before you do work with a tax professional to dertermine The tax you will owe and then make sure the taxes are paid. Once taxes are paid you could reinvest them back into the same stocks. But I would recoment investing the money in another fund Such as SPYI 11% yeild, EMO 9%, UTF 7% UTG 6.4% and or PFFD 6%. All these funds pay cash profit sharing payments directly into your brokerage account. At that point you can either spend the cash or reinvest it for more dividends income or invest the dividneds into growth index funds or into a Roth account to save for retirment.

DependentAnimator742

So many of you have told the OP to buy and hold, then sell sometime in the future, after appreciation. You're missing a key point: the OP is looking for some immediate or near-term income - there's a sh\*#load of frustration and impatience in that post. The other thing y'all aren't hearing is that the OP seems to be stuck in a 'no/low risk but high reward' mindset. The OP mentioned having a bond fund/funds. That tells me real risk aversion. So the OP needs to relax a little AND be rewarded with seeing tangible portfolio increases in the Roth, my guess within the next 6 mnth or a year, before he/she jumps off a cliff. I'm going to suggest baby steps for this OP. If it isn't like this already within the Roth, change it to: 1/4 Bond of something like SGOV, for security, 1/4 Growth like VOO (which will be realllllly tough for the OP to have faith in, this can take years in a flat market), 1/4 in a middle-of the road ETF like SCHD, and 1/4 in covered call ETFs, like QQQI and SPYI. << That last one is where the instant gratification is. Further, you all are wrong to say ETFs don't appreciate. I'm looking at my Schwab now and I have some covered call funds - SPYI, for example - that has a 38% appreciation in less than 2 years, PLUS the 10%+ yield. The worst performer I've had (which I sold a few years ago) was JEPI. I have ETV, which gives me a solid 7% yield with only 12% appreciation in 2 years, but I keep it because it is tax-advantageous, somthing the OP doesn't need to worry about. I also have GPIQ and NIHI, among others. I'm trying to post a screenshot of a partial view of my portfolio on here but I can't seem to do so. All in all, I don't believe that over the long term the OP needs a big covered call portfolio. But to kick start their psyche, yes, it's a good move.

Creative_Pen7789

SPYI

Wolf_Faust_

But then what about portfolio diversity ? NEOS and SPYI for me too

jimstirdog

ETFs are guaranteed = look at NEOS QQQI SPYI MLPI they play cash monthly around 12% annual plus. Modest expected appreciation. That’s 15% in my ROTH as I’m 85

advan24r

Back during the pandemic, I got all in with the euphoria (i.e. ARK Funds) and got left holding the bag. Today, I'm trying to be patient and waiting for a significant drop before redeploying more for long term (SPCX, CBRS, even MSFT). Instead of building positions on single company stocks, been just dabbling in on dividend income funds such as SPYI, QQQI, PFFA, and MLPI that will have less volatility once the dip happens while still building income for this potential dip.

OkBarracuda1521

different tools for different uses. SPYI underperforms SPY in a bull market and has higher fees, but during a flat market like we are entering it will do well, even a bear market it will drop (slightly) less than SPY. Also for those of us with this in our regular account and looking for a monthly income stream, most of its dividend is ROC which means no tax (huge advantage). In a raging bull market, yeah you better off just put it in SPY. But I believe we are past that now, and will be flat in the next 6-12 months before the inevitable ai bubble crash, which will be spectacular. Watch the 10 year treasury yield and open ai infrastructure spend, the money will dry up, then everything comes crashing down.

Various_Couple_764

If you have been investing for 25 years your are like 50 years old. Which means your subconious financial goals are changing form growth to capital preservation and income. I would look at investing in these funds JAAA 5.5% yield CLOZ 8%, UTF 7%, UTG 6.4% and ARDC 9%, FAGIX 6% UTF and UTG survived 2008 with no dividned cuts While JAAA and CLOZ and didn't exist the investments they invest in continued to pay out income when the market crashed. FAGIX if a 40 year old bond fund that has always payed a dividend. ARDC is only 15 years old but it has a very stable dividend. i have these funds in my roth and have QQQI 13% yield, SPYI 11%, PBDC 9%, EMO 9%, Right now my roth has 500K invested and generates about 5K a month which is all reinvested. IIt will be few years beforeI can access this income.

Various_Couple_764

You could get overexposed to gold. But the bigger problem is you you're putting money into an asset that may never pay off for you. Gold has tendency to stagnate for long periods of time. And then for a short period of time shoot up and then quickly drops. Many miss these peaks and either sell at a much lower price or don't end up selling it. I could instead invest in IGLD. IGLD sells covered alls based on gold price. this fund Basically converts gold price volatility into steady income. Overall it will generate 10% yield of 10%This would be 1K a year for 10K investment. Note the yield is currently higher right now because here was a large special dividend recently. Eventually the yield will drop to its historical normal level. Ther are many funds you could invest in for income which generally is better invesmtnte than a shiny metal. Such as QQQI 13% yield SPYI 11%, EMO 9%, UTF 7%.

Various_Couple_764

Overall the plan looks sound. But I would consider putting the money invest the 240K in SPYI 12% yield. That would generate about 25K a year of income per year which would be tax free fro 9 years. After 9 years you will owe taxes on the dividend income but it will be taxed at the long term capital gains tax rate which is significantly lower than the tax on her work income tax rate. This money could be used fund a Roth IRA in addition to her 401k. and it could be used to maintain a 6 month emergency fund and compensate for the loss of income due to the 401K set to maximum. The maximum deposit ammount for a 401K s bout 23K a year. So worst case the dividend income could cover the loss of income due to the 401k. But the 401K also lower her taxable income so the tax savings may be enough to compensate the lost income due to the 401k. And any excess income could also be invested in growth or more dividend funds such as EMO 9% yield, UTF 7%, UTG 6.4%. These funds have a lower yields but the maintain the lower tax rate and have longer history of paying dividend. Using this taxable brokerage account to generate more income could eventually allow her to retire in her 50s. Also 25K of passive income payed in monthly installments is a much more flexible emergency fund. a cash emergency fund will eventually run out of money when you need it most. But the passive income from dividend is continues and won't stop.

No-Delivery-7048

There is no advantage of owning MSTR over SPYI. MSTR is dogshit wrapped in catshit company going into a deathspiral rather sooner than later. Paying 12% of interest on debt while the going rates are much lower is telling for any investor with some experience.

be_easy_1602

And most importantly IMO is what the goal of the portfolio is: is it capital preservation? Is it for hedging equities? Is it maximizing yield? Is it hedging liabilities? Like if you’re just preserving capital or maxing yield, it’s “easy” to just stick the capital into a fund with that motif. But say you have future liabilities you’d want to duration match a custom portfolio. Sidenote: in a way it seems like bonds are antiquated in a way from an investment standpoint in the way OP seems to think about return, in comparison to something like JEPI or SPYI. That return income and equity exposure.

thoughterly

SPYI, QYLD, etc. are also hot flaming garbage 

moSNAP

Save the headache. Buy SPYI when it dips and collect/reinvest the monthly dividend and enjoy life. I'm trying to set alerts and get away from staring at charts.

Possible_Law8357

I plan to convert everything to SPYI and live on the 12% distribution paid monthly.

LonesomeBulldog

I have an inherited IRA that I split between SPYI and QQQI. I get around $4,000/mo before taxes. Growth has exceeded the dividends so far so there’s been no NAV erosion. Since this was basically found money, I wanted to test this as an income stream strategy for retirement. I don’t have any complaints so far.

ithinkitsahairball

If nothing else get into something like JEPI, JEPQ, SPYI, QQQI and start accumulating dividends while you wait.

dwoj206

buy SPYI and QQQI and go sit on a beach with 10k per month in dividends. Peace out world.

siskyouthrowaway

My biggest worry is that one day QQQI (or JEPI or JEPQ or SPYI) will suddenly say: that's it, we're out of shares. So, no more dividends for you! 😃

SlackBytes

You okay with less returns but more stable then go with SPYI.

Vast_Cricket

As a student one is always in need of money until after getting a well paid job. SPYI is high interest SP stocks that offer high interest. There is some appreciation also when the sp market goes up. Except a couple dips it is relatively safe. It is meant for income that pays you monthly. The portfolio consists all famous top companies doing covered calls.

Bubbleman54

If you're over 50, do you want income from it? Do you wanna make sure to preserve capital? If you want income the CSPs and CCs are still a strategy to do that, but an easier route would be to put some in income focused ETFs. QQQI, SPYI, JEPI, JEPQ, SCHD are some of the popular ones. I am not a financial planner, so you'd want to consult one probably. Im just a guy a couple years away from retirement who has been looking into some of this stuff and running different scenarios/strategies through spreadsheets. There are tax implications on some of these things that I dont fully understand yet so talk to somebody that knows what they are talking about. Some of the returns on income ETFs are considered qualified dividends, some arent, some are considered return of capital. Etc. Way too much to get into here, but if anything Im saying is completely foreign to you they are things to go do some research. Or just get a financial planner. Which is probably the best advice

SnS2500

I'm not familiar with SPYI's distributions so no comment on that, but yes turn off the automatic reinvestment.

Blueopus2

If you don’t rebuy more SPYI then a wash sale won’t be triggered. You can sell all the long term breakeven lots plus an equal number of gains and losses which cancel out.

SnS2500

Sell it all in the IRA for sure, then look at the tax lots of what you hold in the investment account and sell anything breakeven or losing that doesn't trigger a wash sale. Then put what you get in VOO or whatever you want. In the future look for any opportunities where it makes sense to sell some or all the remaining SPYI.

Phuffu

I’d sell SPYI in your IRA and buy VOO and some VXUS or another international fund. I’d avoid realizing gains in your taxable account, if possible. Just put new contributions towards the vanguard ETFs

JohnDLG

You can just about do that now in 50% QQQI, 30% SPYI, 20% BTCI. As for how sustainable that is. 🤷

ProfitConstant5238

Probably QQQI and SPYI.

edapalooza

Picked up some SPYI and QQQI

Nashville_Hot_Mess

SPYI and QQQI over here. The dividends are good

Various_Couple_764

In this particular case I would recomend putting the money into dividend fund. if you you put the 130K iin SPYI 11% yield you will get 14K of cash a year. And since SPYI is a cash efficient fund you pay very little in taxes for this income. you can use this money to cover your yearly Roth deposit Put SPYI in taxable brokerage account and 60K into a money market acount. Turn off automatic dividend reinvestment. This extra income will appear in the money market account which is now your emergency cash fund. any money in excess of 60K in the money market fund can be spent on the rote deposit regular monthly bills or other expenses. Or you could reinvest it for more dividend income. Some other funds you could use are EMO 9%, UTF 7%, UTG 6.4%, PFF 6%. These are all tax effient funds.

Various_Couple_764

What you are saying is correct If you move your high yield savings into a dividend fund. If you limit your emergency fund to about 6 months of living expenses and put any extra savings into high yield dividend fund like EMO 9% yield , UTF 7%, and IAUI 11%, or SPYI 11$ you could over time build a dividned bund that pays out 1 to 2K of cash a month or more. At that point you have a second source of income that can last many years plus 6 months of cash. I did this and now have enough dividend income to cover all of my living expenses. About 5K month of dividend income. Now UTF is 20 year old dividend fund that has consistently payed a dividend with no cuts. It paid a dividend during 2008 crash. EMO is not as old but it invest in assets that also payed dividend during the 2008 market crash. Historically most dividned funds don't cut the dividend when the market crashes. And all the funds I have mentions are tax efficient. So you can have them in taxable brokerage with dividend reinvestment off so all the money goes into a cash money market account were I can access the money at any time with my fidelity debit card.

Various_Couple_764

For retirement retires need income and dividned income is a lot safer for retirment than selling shares for income (the 4% rule) When you sell shares sequence of return risk and inflation risk that can rapidly deplete a retirment portfolio which can cause one to run out of money before they die. But other than retirement the young can also benifte from dividend investing in taxable brokerage account. For many people once they pay there monthly bills by food and gas for the car and amy maintnenca needed they have almost nothing left. IF they invest a little bit every month in tax efficient funds Like SPYI 11% yield IAUI 11%, EMO 9%, UTF 7%, and UTG 6.4% and PFFF 6%they can over time build the passive dividned income to a point were they can start to pay bills and expenses with dividends instead of work inocme . And if they suddenly loose there job the dividend income could be invaluable in covering expenses until you find a new job. Also if you want to retire before age 50 you need to have Taxable brokerage account to cover to retirment to age 60. After age 60 you can use retirement accounts. Additionally IRA and Roth IRA you are limited to maximum yearly depoist if $7500 year.. IF you could magically increase that to 15K per year your saving will be at least 2 times higher when you retire. Dividends don't count as a deposit so you can earn as much dividends as you want in the IRA or Roth and still deposit $7500 a year. you can also use dividend income in a taxable account to insure you always have $7500 available to deposit into the accounts. In my opinion anyone with more than 100K sitting in High yield savings account should invest that in dividned funds. The interest from high yield savings account is only enough to keep up with inflation. With dividend funds you can easily earn 2 times the current inflation rate.

fpsstreak

Its a learning curve. I chased Penny stocks like kulr back in the day, the $171 of BMNR from $40. To 2 week calls to then single day calls. Now debit spreads and mixing an old etf strategy. Worse case scenario for a newbie. I would recommend buying etfs like BTCI and SPYI. Disable reinvesting or keep it if that's what you want. BTCI pays like .76 cents per share a month(fluctuates with bitcoin moves) or SPYI that gives a consistent .49 cents per share. Buy like 200 of SPYI and get paid like $100 a month. Your money is pretty much on the most safe place in medium investing. VTI and such are just top tier for someone that is looking for early income now.

paistecymbalsrock

SPYI

therealjerseytom

Hey man, my condolences - I went through this a bit over a year ago. It's a silver lining at least. The IRA is like its own little bubble of a universe. No US taxes for any activity inside of it - be that selling for a gain, ordinary dividends from stocks, distributions from covered call funds, etc. Really doesn't matter what's in the IRA or how it came to exist, every dollar that comes out via a distribution is taxed as ordinary income. So if you had a SPYI position in the IRA, all those payouts just accumulate in the account one way or another (drip on or off). And taxes only happen on withdrawal, equal treatment for every dollar no matter what kind of investment activity it came from.

RothTo0DTE

You're not gonna get much in dividends with $150k even if you're in something like SPYI or QQQI. I would part part of that in couple ETF. Nothing in bonds or treasuries, fuck that shit. And buy LEAPS on those ETFs. And leave a little for dumbass trades like this one

truautorepair000

Ok, I have 1.5M roughly, invested in a slew of dividend yield etfs and it is close to 20k a month. They fluctuate quite a bit on the dividend amount, but thats been about average so far this year. Here are some of the names. HIYY, GOOY, METW, MRNY, SPYI, QQQI, BTCI, and MSFW If you can't live off those dividends then I would be surprised.

mentr-coach-altruism

And he will be paying taxes on interest earned, which would decrease the profit. Maybe doing the 200 in a ROC (SPYI, QQQI, IWMI) with a higher yield would help offset taxes on the income, and using the funds to pay the loan down quicker. Putting the rest in a HYS

Various_Couple_764

To get high yields and high liquidity means you need at minimum 2 funds. You also need to consider taxes because not all dividend funds are taxed a the same rate. And to have access to the money at any time it needs to be a taxable account. * At least one high dividend fund * A money market fund Basically you use the yield of the dividend fund to feed money into the money market fund. This means automatic dividend reinvestment is set to off. The dividends are gernerally not reinvested. But instead a portion is reinvested and the rest stays in the money market fund. So set a maximum limit on the cash level in the money market fund. 6 months of living expenses is a good level. If the money market fund exceeds 6 months of cash reinvest the excess into the dividned fund. A good dividend fund to shart out with is a quality covered call fund. Quality funds generally pay around 10% or a little higher or lower Say 8 to 13%. Some favorite are QQQI 13%, SPYI 11%, IAUI 11%, GPIX 8%, and GPIQ 10%. All of these fund generate about 90% ROC dividend that makes them very tax efficient. These funds are similar to growth index funds but the covered call strategy coverts the growth to income. The GP funds target more growth and lower dividned, While the NEOS funds (QQQI and SPYI) target more dividends and less but still positive growth. So the price of these funds will move up and down with the index they follow but have less growth and more dividend. IAUI (a NEOS fund is a bit different it follow the price of gold. You also want a maximum investment limit to the growth fund. You don't want to have all your money invested d in the same way You want to eventually have multiple funds generating income and feeding that into the money market acount. That way if you sector of the market has problems you still have income from other sectors of the market. This insures money will always flow in the money market account. So evernualy you will have multiple dividend funds and one high yield money market accounts. I started out the SPYI and QQQI in my fidelity acount. Now I also have UTF 7%, UTG 6.4% NAC 7%, PFFD 6% all feeding money into my money market account with 6 month cash reserve and montly dividend income feeding it. I also have a growth index fund in this account as a form of emergency saving with currently 4 times my living expenses. The dividned funds currently produce all of my living expenses in 1 year. This allowed me to retire in my 50s. But this type of account isn't just for the old. The young can and should start one as well as a standard retirement fund in Roth or 401K.

Various_Couple_764

Real estate involves a lot of expenses, mortgage, taxes, repairs. There is a way to generate income from market investments that doesn't involve selling stock or the expenses of real estate. Most investors today focus on share price growth in there investment accounts. There are stock and Fund that pay Dividneds. Dividends are cash profit sharing cash payments directly in your brokerage account. Now many growth index funds pay a dividend of about 1%. A dividend investor targets higher yields Typically 1% to 10%. Instead of investing in individual stocks you invest in dividend ETF. I am retired and living off of dividend income of 5k a month. I am not selling stock for this income. Since you want the money now and not in retirement you need other use a taxable account. And since dividends generate taxable income we need to invest in things that are taxed at a lower rate. Some good funds to use are QQQI 13% yield, SPYI 11%, IAUI 11% EMO 9% UTF 7%, UTG 6.4%. 100K invested in fund with a yield of 10% will produce 10K a year of income. And all of these make monthly payments. The three funds with the highest yied will be taxed at close to 0% for 7 years for QQQI and sPYI and IAUI are zero for 9 years. The other two will generate tax every year but at a very low rate. Generally you want to avoid using one fund for all of your income. Simply because if one fund develops issues you will still have others generating income. Now I also hive dividned funds in my Roth because they they are taxed at the work income tax rate. Putting dividends in a roth is a great way to to avoid taxes in retirment. My roth has all of the above funds listd plus AARDC 9%, PBDC 9%, CLOZ 8%, PFFR 8%, and JAAA 5.5% and FAGIX 5%. The dividend funds in my roth are generating 5k a month right now.whichis all reinvested right now.

SerMumble

Covered call etfs like QQQI and SPYI work best in sideways markets or for boosting morale. It feels great to recieve a steady amount of income even if it is suboptimal for long term growth. SCHD is a popular dividend generator with a very low 0.06% expense ratio for the relatively high 3-4% yield. The share price appreciation over time on top of that is surprisingly competitive around 13% annually and the past year was 21%. QQQI for example has a relatively very expensive 0.68% expense ratio for 14% dividend yield. The share price grew about 10% last year. If we compare investing $10,000 into SCHD vs QQQI for the past year and state tax was 4.95%: This is not exact but SCHD gained about 6.8% more than QQQI SCHD Total: +$2,417.17 Expense: -$6 Dividend: +$340 Tax: -$16.83 Gain: +$2,100 . QQQI Total: +$2,262.70 Expense: -$68 Dividend: $1,400 Tax: -$69.30 Gain: +$1,000 Past performance does not guarentee future results but the core principle remains where the expense ratio and tax can drag down the accumulation of wealth.

Ok-Blood4340

Specifically when it comes to covered call, return of capital, ETFs like JEPI, JEPQ, QQQI, SPYI, etc, you are not receiving a “dividend” from free cash flow, you are receiving the profits from selling the calls as a distribution or return or capital. This is a performance risk, or execution risk. Meaning, the active investors have to perform, execute correctly, and make the correct calls about market direction. If they mess up, and do not receive the expected income from the covered calls, the distribution will be cut. Only some 1-3% of the return of capital is actual dividend from free cash flow from the underlying companies. So this means, you are borrowing money, hoping the active investors don’t screw up, so you can have your capital returned to you. If they make a mistake, distribution is cut, margin doesn’t get paid back. Furthermore, when it comes to covered call ETFs, they are exposed to 100% of the downside, but cap the upside at some percentage out of the money. This means that in bull markets, the share price of the ETF does not go up as much as the underlying index (because they are selling covered calls to pay that return of capital distribution.) TLDR: Covered call ETFs are not free money hacks. If they were, everyone would do it. They are exposed to certain risks.

Putrid_Pollution3455

But what if the stonk market crashes! Gasp! 😱 /s Ok you little shit…here’s the everything bagel; 10% each…( GLD IBIT TLT USFR VTI VXUS SSO SPYI ANGL PDBC)

Various_Couple_764

To retire early you don't want to use an account that has restriction the ammount you can deposit and no restriction on when you can withdraw money. Which means you probably want to use a taxable brokerage account. With no restrictions on deposits, withdraws and investment options you can do a lot in a taxable account * Now as to investments you could use growth index funds * Or your do dividend investing. * Or you can do a mix of growth and dividends. then set up an automatic transfer from you bank account to your invesment account with and use automatic reoccurring investments to pu the money in the funds you want. With all this occurring automatically all you have to worry about is work and making money. For a taxable brokerage I mostly focus on dividends. Using funds like SPYI 11% yield, EMO 9%, UTF 7%, UTG 6.4%, PFF 6. Reasonably tax efficient funds that eventually can can generate passive income. And once you get about 1 to 2K of income a month you can start using that money to cover routine bills and expenses. And when you cover bills with investment income work income could be spent on more productive things like investing more, vacations, hobbies. I was a growth investor for about25 years. then started investing for dividend in my taxable account and at 55 retired with 5K of income prior to starting dividend investing I was expecting to retire in at age 65.

60sdrumsound

OP, you’re making a flawed assumption. Look up SPYI and QQQI. Not all dividend funds suffer NAV erosion. They are great for having steady income when the market is not so steady as others have mentioned.

ColdPangolin5355

I try to get my longterm portfolio to at least a 5-7% yield. Most of that money goes into SPYM, a portion into SPYI, and a portion into beat down stocks. I wouldn’t say I’m chasing it but it takes a lot of drag off of my salary contributions to stocks and I can keep a bit more cash from my job. So I wouldn’t say I chase them, I like to buy them when they are beat down.

Various_Couple_764

FEPI and SPYT have nave erosion issues. CHPY XBCI and XQQI are also at risk of NAV erosion. I also believe CHPY XBCI XQQI. When After looking at a lot of covered calll fund with 20% yields or more the vast majority have serious NAV erosion issues. This list is full offered flags from. That said I like and have QQQI, SPYI They are solid performers the NAV growth.

ParfaitQuick8426

Very smart. I also have the safe stuff (goog, amzn, JEPQ/I, SCHD, SPYI.) But I KNOW BITO will blow up again, in 2028-9 with the halving (like you've mentioned)

Muted-South4737

Yay, thank you for asking! 50/25/25 SCHD SPYI QQQI. 12-20 year runway, will never sell.

Various_Couple_764

So you spent 600K on your direct indexing Adventure and now you are trying to figure out how to pay for it. normally people figure out how to pay for fore ther adventure (Vacation) first before they spend the money. A good investor figures out how to pay taxes before they spend the money. direct indexing and and covered calls are frequently used to liquidate large stock holding while minimizing taxes. To do this you should have looked into direct indexing or the covered call option *before you sold*. Now it is too late. direct indexing works by using a margin loan to build the direct indexing portfolio. and then they sell yearly to generate looses that way when you sell shares of AMD you have enough losses to wipe out most of the tax. For covered calls it works the same way. But this is not something that can be done in one year. It can take years to build up enough looses to cove the tax bill. I don't know of any way to wipe out the bill from 600K of short term captial gains in less than one year. The only thing you can really do is to use you gains to pay the the taxes. And make sure you don't do this again. Then the next thing I would do is to invest in SPYI. This fund has a dividend yield of 11%. Futhermore it a very tax efficient fun the dividend is essentially tax free for 9 years after that the dividends are taxed as long term capital gains. Either way you pay lot less in taxes than short term capital gains or work income. So if you simply held 100K in SPYI and reinvest the dividends in 9 years the fund would be worth 200K and would produce 22K of dividend income a year.

Muted-South4737

50% SCHD, 25% each SPYI QQQI. 15-20 runway, can't lose.

existing_for_fun

I hold SPYI, QQQI, SGOV, and JEPQ I use them as collateral. Passively, they generate 10% ish annually. (Not SGOV) Anyway, I sell CSP's and aim for 1.25 - 1.75% monthly. If I AVG 15% annually on CSP's and 10% on dividends I'm a happy camper. That is BEFORE compounding.

billionsandbillionsa

Really you should look at your lifestyle and how much you can live on. With 10 million even if you stuck it in a high yield savings account at 3.5% you could have 350k every year without investing in anything and live off of the interest. If you stuck it in Covered call ETFs like XYLD or SPYI you could be doing a million in dividends a year.

Various_Couple_764

well with 500K you could invest that in a dividned fund with a yield of 8%. That would genrate 40K a year about the same as rental produces. QQQI has the highest safe yield I know of QQQI That would generate 65K a years. for 6 years that income would be tax free but after that the income would be taxed at teh long term capital gains rate which is still less than the regular income tax rate. Overall in your case is it about a wash . You could do slightly better but dividend or wrose. yield higher than 13% are available but the risk with those funds are very high Now with dividends you don't need home insurance and spend money on repairs, or property taxes. So you might save a lot on expenses for your rental income to make dividnedincome a better choice. But that woudldepnsd on very close examination of your accounts. Which is probably more information than you want tot share. IN any case some tax efficient fund you can use in a brokerage account for supplemental income are * QQQI 13% yields. * SPYI 11% * IAUI 11% * EMO 9% * UTF 7% * UTG 6.4% * PFF 6%. You best choice is probably keep you rentals and gradually invest in the above funds to build up additional income in addition to your rental properties. You could gradually increase the dividned income and use the money to just cover living expenses and regular montyhly bills. Also it is generally not to rely on just a couple of dividnend funds for income is at least 5 or more.

TotalInstruction

I invest money that's not in active trading plays in SPYI. It tracks the SPX but also trades covered calls on SPX. It's paid an average dividend yield of 11.67% broken out into monthly payments and manages to remain solvent (some of the index income ETFs pay out so much that they lose most of their value over time, this does not).

TotalInstruction

Liquidate everything, invest it all in SPYI, and retire on dividends of about $700,000/year?

Various_Couple_764

In general brokerage money market fund earn about the same ammount of interest in high yield saving accounts. Now not all HYSA and money market funds have different rates so you should look fora yield you like. brokerages generally have more than one money market fund so select the one with the highest yield. These funds are also insured so you likely won't so it is unlikely you will loose your money But in general once you have more than 6 months of cash saved, The excess should be invested. While these funds and bank accounts are safe they barely earn more than the rate of inflation. so it really isn't growing. There are ETF that pay dividends. Which is similar to interest but you can get yields from the current 3.5% to about 10% And some dividend funds funds are tax efficient so you pay less tax on the earnings. Interest HYSA and money market funds it taxed at the highest rate. The biggest risk is you have to buy shares . And if you want to withdrawal all the money you have to sell. And you might sell at a price lower than the purchase price. So dividned ETF are best used with money you don't plan on withdrawing for about a year. some ETF you could consider are: * SGOV very safe government bond funds but the yield is not much better than HYSA. * SCYB coperate bond fund 7% yield. * JAAA CLO fund5.5%yield * CLOZ CLO fund 8% yield. * SPYI 11% covered call fund. This is also very tax efficient * QQQI 13% covered call fund. Also very tax efficient.

dwoj206

I mean SPYI&QQQI return 12+% per year + market RoR. Doubling in 8-10 years totally possible. Obviously potential for drawdowns, but you still get the 12% per year. DRIP and chill.

HystericalSail

I'm positioning for the second option (pun intended). Trump's appointed Fed chairman was picked to drive reduction in short term borrowing cost, which will in turn drive increases in long term borrowing costs and drive inflation on two fronts. I'm in for the big bubble. The initial rip of the past six years has already given me the headroom to constantly go long 10 delta index puts financed by selling calls (read: QQQI / SPYI income), riding the wave up with an insurance policy for the pop. Beats keeping that money in cash and earning 3.5%; less than current inflation especially after the tax man takes a giant bite. My worst case is completely still markets, and even that case isn't that bad. It's also not likely.

HystericalSail

40% SPYI, 30% QQQI, 10% bonds (ouch), \~1% XDTE just to compare to my own options wheel returns and the rest cash (ouch) and "play" money. Don't be like me. Rotate from the I funds into the M funds after a 10%+ or more drop, rotate back into I after VIX drops from around 30. I jumped the gun there, but it's not a big difference.

Shuhalox

What's your split between QQQI and SPYI ? 30/70?

HystericalSail

I've said it elsewhere, and I'll say it again here. TINA. There Is No Alternative. With every government around the world hellbent on debauching their currency harder than their neighbor we can NOT avoid inflation. The only way to keep buying power is not gold, it's ownership of companies that earn revenues in inflating currency. The same companies showing growth at the rate of actual inflation and then some. The top 20% of earners are carrying this economy, and they're not hurting just because a tank of gas went from $20 to $50. Just like the Mag 7 are carrying the rest of the S&P. My core position is QQQI and SPYI. I'll continue buying that, and trade along the periphery.

Livueta_Zakalwe

It’s a death trap. If you want big divvys, stick to ETFs like QQQI, SPYI, etc. These will over time underperform the underlying, but not by too much, and they’re not a bad option if you need income now. Not perfect but they’re not Ponzi schemes like MSTY etc.

Wickrest

I'm 26 I buy a mix of SPY, SPYI,SCHD,VXUS,VYMI and JEPI I just buy whatever's down, I never buy anything at its ATH. I've been buying JEPI only the past few weeks cause it's the only holding I have not near its ATH. I could buy spy yeah l, but I don't buy anything at its highest price it's ever been. That's just a me thing, I'd rather see spy go to 750 and drop down to 720 and buy rather than buy rn at 720.

si_de

Thanks for the reply, certainly the debate over buy or rent is an interesting one and personal to you. I would lean towards buying a property (am on your wife's side here...) There's nothing more secure you can do than ensuring a roof over your heads. You can fund a decent portion of your mortgage then by investing into a few higher yield CC ETFs... What I mentioned initially QQQI SPYI and DIVO could deliver a blended yield around 10%. You earn a decent salary too so whatever is left over you could then DCA into a selection of more solid positions as I mentioned. Alot more than what I listed. You have plenty of time and a pretty solid foundation. One more thing, you're in money market I think you said. That's not forever, it's fine until it's not fine. Do keep about 10% of your cash in something like that though.

si_de

It's a bit tricky to answer your question, need age and house price range etc. However, let's say you are able to put down a deposit for a property, then you can cover much of the mortgage with a blend of QQQI, SPYI and DIVO. The rest that's leftover should go into more solid, lower risk positions for example SCHD, VOO, QQQM ... But again those choices depend on your time horizons.

HystericalSail

FIREd six years ago, 80% invested and regretting the other 20%. But that was a hedge against things going tits-up during the early years, so I'm fine putting some of that back to work. The QQQI and SPYI tranches I bought late last year, which were ATH at the time are up enough to meet my annual goals already. After having paid monthly toward living expenses. I don't feel too anxious about having bought another tranche during the upswing from the lows. My goal by next year is to only be 5% in short term govt debt (cash).

Various_Couple_764

If you invest in yield of 10% your money will double according to the rules of 72 /10 =7.2years. If we reduce the yield to 7% the money will double in about 10 year. You can use funds like EMO 9%, PBDCV 9%, ARDC 9%, CLOZ 8% PFFR 8%, UTF 7%, UTG 6.4% QQQI 13%, and SPYI 11%. 2 of these funds are over 20years old. 2 are about 15years. old and are CDF funds. ETF are relatively new. and the reminder are much younger but but the assets they invest in aaremuch more oldeirand pay a dividend consistently.

HystericalSail

$MSFT, .88% is my largest dividend payer. QQQI & SPYI & XDTE for "dividend" cash flow. The last to always have a guaranteed loss to tactically offset a small gain, if need be. Also big lumps of $ET and $EPD, but those are mostly "return of capital."

Various_Couple_764

Many people do max out the 401K However now with multiple account and job security becoming very rare one should carefully evaluate your needs and goals in life. I did and it worked well Many people focus just on retirment in accounts you cannot easily access until age 60. This fixation on retirment mean many do realize that investing can also help you long before you're ready to retire. For example a modestammount of money in taxable brokerage account invested for dividendscan insure you always have enough income to max out a Roth deposit every year. Or that extra money can be use to make sure your emergency cash fund stays at 6month of living expenses even if you tap your savings o take care of the unexpected car repair or medical bill. Making regular purchases of tax efficient dividned fund such as SPYI can do that Sloy build up SPYI 11% yield to 100K would generate 11K of cash income a year that can be used for those purposes. Need a bit more money for vacations increase the dividend income. you could get to a point were you are getting enough dividend income to cover most or all living expense long before you get to age 60. Having significant dividned income from a taxable account can critical for you to cover basic expenses if you loose your job or have a long medical recovery that prevents you from working. Retirment accounts cannotdothis.

DoinIt4DaShorteez

Yeah I agree with this guy's points. I'm 6 years into retirement and I have 30% in BIL which is a money market ETF and its yield has gotten crushed over the last year obviously. I don't really need that much cash in money market, so I've been looking for an income replacement for about half of it and I've started looking at charts of GPIX/GPIQ/SPYI/QQQI. Unfortunately only SPYI existed in the 2022 bear market and only for the last quarter, but they all basically came out of the tariff and Iran dips fine. And their tradeoffs between yield and growth is almost exactly what I'm looking for. So 7.5% I'd be fine with, the timing is a tough call because 3 - 4 years is kinda close. I kinda wanna say wait until you actually need the cash flow, but I had a defensive portfolio long before I retired, so I can't.

Muted-South4737

50% SCHD 25% SPYI 25% QQQI, 20yr+ runway, never selling.

charliekunkel

I'm avout years out and my Roth is now all JEPI/Q, and 1/2 of my 401k is SPYI. That way if there's another recession coming, I'll be fine. The other half of my 401k and my personal brokerage is target date funds, VTI/VTSAX/VTWAX, and a few individual companies. I worked too hard for my money to put it in anything riskier than that just for the sake of greed. Will i miss out on some gains? Probably. Will i also not get set back from retirement by 10 years if theres a crash? Yup. Totally worth it IMO.

dwoj206

QQQI or SPYI are more nice.

johnny63137

what is support on SPYI and QQQI

johnny63137

VM when is the best time to buy QQQI or SPYI

blackgenz2002kid

honestly? to still get the thrill of the markets I do 50% TQQQ, 35% VT, and 15% in SGOV to use as a cash store or QQQI/SPYI for dividend income

Various_Couple_764

Not all dividends are taxed at the same rate. And in soe cases dividend are not taxed at all. ordinary dividend and interest taxes as work income. Qualified dividend are taxed at the captial gains rate. which allows you to pay taxes on only 0 to 20% of the income from the dividends. ROC dividend. These dividned are not taxed is the share cost basis is above zero. However ROC dividends are subtracted from the share price. When the cost basis reaches zero your dividend are taxes at the capital gains tax rate. For a fund like SPYI this mean you owe no tax for about 9 years.

Domitus_Aurelian

I bought 2x levered into SPYI today at the high. $215k

Various_Couple_764

if you want 200 month of income from your investment keep adding money SPYI. With its 11% yield an additional 20K will generate that monthly income. With 27OOO in cash you could put that money in SPYI and next month you would get an additional 240 dollar a month. And turn off dividend reinvestment for that fund so that the dividned show up as cash in your account. OR you could use QQQI instead with is 13% dividend. 27k in vested in this fund would generate 300 a month. Keep adding to this every month and you could over times increase your income to thousands a month. You could also build your dividend income to generate money for yearly roth deposits. So the dividneds could also feed money into a roth.

Various_Couple_764

The good news of your situaltion you know your tax rate 37%. There are no tax barkets at this time higher than 37%. So you could sell a lot of stock and not pay more than 37% tax on it. But if you have state income taxes and and foreign taxes you will need to talk to a tax professional . Bad news is that you probably cannot use IRA or roth account. It is simply too much money. So you will have to use a taxable account. So conceivably you could sell 1 million worth of stock and and immediately pay 37% federal tax. and reinvest the rest for income. You can also do this as in increment smaller than 1 million. But you also need to use tax free investments as much as possible to minimize the taxes on the investment income. So that the muchnew invesment income won't generate a lot of adidtional tax income. Now good covered call funds likeQQI 13% yield, SPYI 11%, and GPIX 8%, GPIQ 10%. These funds produce ROC dividends. And you initially pay no taxes on the income which for all of these is 90% ROC dividen with a small about amount that will be taxed. While you don't pay tax on ROC dividend due reduce the cost basis of the shares When the cost basis reaches zero you pay the capital gains rate on the income which is still less than regular income. Now you can estimate the time the ROC dividends will be tax free simply divide 100 by the yield. So for QQQI 100/13=7.6 years. For GPIX it is 12 years. You will be 62 years old by that time so you will be retired by then. There are municipal bond funds and government bond funds that may be tax free but you should check with a tax professional before investing in them. You should also talk to Fidelity. They have a tax loss harvesting fund You basically transfer your stock and they use margin to buy a basket of stocks and do tax loss harvesting to to accumulate tax losses that can be later used to erase the taxes when they sell you stock. I am not using this but they can provide more information than I have. The other option into use covered calls to generate some tax losses But not all people can do this themself without making mistakes that generate tax problem. So it might be best to use wealth management company to do this. Also covered calls can be used to generate in gradually in retirment.

Various_Couple_764

As people are their risk tolerance tends to decline nothing wrong with dividend investing at your age. Now government bonds ar the preferred route for many people because the government always pays. But the yield are always small and barely keep up with inflation. If you invest in dividend funds that don't invest in government bonds you ca get higher yields Now I live in the US and don't know anything about your taxes or investment options but for myself I like diviend dinvestings. And JAAA 5.5% yield, UTG 6.4%, UTF 7% and CLOZ 8% all pay more than the long term inflation rate and they are hghly reliable payer. UTG and UTF both have 20 years of no dividend cuts. FCLOZ and JAAA don''t have a long history but the asset they invest in CLOs is a very low risk Asset. So in any recession these should pay out dividend. I also have AADC9% yield about 15 years of history and the dividend is very stable, EMO 9% and PBDC 9%. They have more risk but still reasonably reliable dividend. and the best part is none of these funds are covered call funds. And non have nave erosion. As to covered call funds I have some but NEOs fund like QQQI and SPYI and GIX and GPIQ are all covered call funds with no nav erosion. Nav erosion is normal for any wlell runs dividned fund. NAV Erosion typically occurs in fund that are not well managed or are paying out a dividend higher than covered calls can reliably generate. The covered call fund I have mention have been intentionally setup to pay lower yield and many other covered call funds that have NAV erosion. but with Yield of 8 to 13% they still earn a lot more than the inflation rate. Now with the higher yield from funds like that you can generate more income from less invested. But like I said earlier I don't know what funds are available to your or or the tax laws you have to deal with.

Various_Couple_764

Many like real estate because it generates a steam of mostly inocome. But you also have to take care of maintenance issues taxes and mortgage payment or renter issues. So in general a lot of work. Now there is a way to generate monthly income without maintenance mortgage and renter issues issues . Dividend investing is simply investing and holding a fund that pays dividend. A Dividend is basically profit sharing for shareholders of a company The company pays out monthly or quarterly an equal ammount of cash to each shareholder. You don't to sell share or do anything. Some funds out there have been paying dividend for 40 years or more nonstop. What to o with the money issimplyPay taxes \\ and what to do with the money. for example for 100K invested in a fund paying 5% yield you would get 5K in cash a year. Some rivets the money and other use it to over bills and other expenses I like the ETF SPYI for this because it is tax efficient (you pay less in taxes on the dividends you recieve. And the yield is about 12%. Or you could invest in government bonds that currently pay about 3.6% yield. The other investment option is to simply invest in growth index ETF like VTI and build up aprotfolio that pays a dividend of 1 to 2% which is tiny. Because the dividend is so small taxes are not really a concern. But to get any money out of the investment you have to sell shares and you may have captial gain and pay taxes or you sell at a loss. Now you can only sell shares once.

TraderJRETE

Put your $70,000 into SPYI, QQQI & JEPQ. You will get paid free money that you could lose over and over again every month. Then you are losing someone else’s money and not yours. Then it will all just slowly keep coming back so you can continue your cycle

Various_Couple_764

The best solution to your problem is to invest for dividend. Is you want your monet todouble in 8 year and use the rule of 72 you the 72/ 8 -9% yield is what you need Now many would say 9% is not doable. But it is ARDCC has been paying 9 % for about 15 years BDC (business development companies have been paying 9% for a very long time. So in Addition to ARDC I have PBDC that invest in only BDC and it alohas a 9% yield Both are funds holding multiple asetsk EMO invests in MLP (companies that move oil and gas via pipelines. It yeild % BDCs have been around for 50years and MLP for about 40 years. These funds invest you money and than divi up the profits and send you monthly or quarterly check 100k in any of these 3 fund will generate 9K per year o income you can either reinvest odor use the money to cover wedding cost or college costs. Now you don't want to have all your income comming from one fund So 33K in ARDCC, 33K in PBDC, and 33% in EMO is a better combination. There are also good covered call fund with high yield and tax efifency and some growth. Some of the best ones are QQQI 13% yield, SPYI 11%, GPIQ 10%, GPIX 8% are also worth coonsidering.

taplar

It looks like for the last three years, SPYI has returned around $6. So an estimate of shares with current price would be around 2k shares, so close to 12k distributions. And then you have to pay tax on that. I dunno how much your rent will be. Risk is subjective. 

Financial_Love6910

Hello, I’m 31yo American still living with my parents and plan on either buying a condo or moving into an apartment in the next few years, but unsure. I have 180k in savings, but recently my hours were cut at work and i might only make 40k this year. I’m tired of seeing the market go up while my money sits in sgov. I recently decided to take risk and dropped 100k on SPYI, 20k on VT, and 15k on FMTM. If I were to rent when I move out I think SPYI would be a good pick for income. Do you think I’m taking too much risk?

Various_Couple_764

If you can keep depositing the maximum possible in your 401K AND ROTH FOR 30 YEARS YOU SHOULD HAVE ABOUT 2 MILLION. 2 million is what I had at retirment. The lower deposit limit will mean the Roth will be smaller than the 401K. Having a high yield fund in the roth will add additional money from dividends which should increase the size of your Roth somewhat. A taxable account should be used to improver you life now. One of the easy ways to do this is to invest in tax efficient dividned funds. SPYI is a good one with 11% yield. For every 100K you have invest in this fund you will get about $11K per year. So you builcould build up dividend income in your taxable acount to generate income you can use now instead of waiting until you are 60 years old. You could gradually build the dividend income in the taxable account and use the money to cover monthly build such as utility bills gas or food money and eventually all of your living expenses. I started tocovnert excess grwoth I had into dividend income in my 50s any 55 I retired with an income of 5 k month from dividends. Enough to cover my living expenses. If I had started thong that at 25 I probably would have retired a lot earlier. I

ImAnonymous135

JEPQ, JEPI, QQQI, SPYI you name it. But you will sacrifice the high yield for growth

Various_Couple_764

you could take you 500k from the HYSA and put it in NAC 7% yield and SPYI 11% yeidkl with an equal ammount in each in a taxable brokerage. that would generate you will get 45K of nearly tax free inocme from your 500K HSA . And this income is payed in monthly installments. Since eat money if comming from a taxable account you can use the income to cover most of your monthly bills.

Past_One3442

I'm about 3:1 leverage but it's 750k in SPYI then 250k leveraged on QQQI

Accomplished-Order43

I’ve posted similar comments in the past; I agree that GPIQ/X are totally slept on in the dividend forums. Slightly less yield than QQQI/SPYI depending on the % of options used but that allows greater price appreciation because they don’t have to sell as many options during a bull run which helps protect and grow NAV. If you’re nearing retirement or FIRE’ing I honestly don’t see any downside. I’m earnestly trying to find a downside but I can’t. ~9-10% yield, NAV growth & protection, Goldman’s name, preferential tax treatment. For the young investors I would still steer them towards purely growth funds but those seeking to allocate some funds to replace monthly income I see no downsides.

Various_Couple_764

>It's not much money unless you have like 10s of thousands of shares, which is very expensive, but if you reach that point, you are retired and living off that income, but this costs millions. You don't need millions to get a sizable dividned income stream. It all depends on the yield you get. Many growth investors assume the maximum safe yield you can get is about 4%. To ge 5K a month you would need about 1.5 million invested. Yes a lot of m money. But in fact there are companes and ETF that pay higher yields year after years With a yield of 9% you can get an income of 5K amount (about 60K a year with only about 650K invested. A lot less than many growth investors assume. in in funds like ARDC 9%yeild , PBDC 9%, EMO 9%, PFFA 9%, SPYI 11% CLOZ 8%, and many others.

Past_One3442

Just put 1 mil into SPYI and collect 7k tax free divs a month and retire as a multi millionaire at 40.

Muted-South4737

My side project is a lil' dividend income portfolio comprised of SPYI, QQQI, and SCHD. Something to take the edge off when I lose at options, which is all the time.