SPYI
SHP ETF Trust - NEOS S&P 500 High Income ETF
Mentions (24Hr)
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To all the MSTR preferred holders
How are covered call ETFs taxed in an inherited IRA?
How much should I care about TER when investing long-term?
Fidelity is the WORST! No total return feature still?
Portfolio is -80%. learn from me. Offer advice if you can
Why people have $400k USD to million can't make good decisions? Robinhood Screenshot on wallstreetbet FKing crazy.
Transitioning from the Accumulation to Distribution.Spend phase of life and generating income in retirement?
Question about Roth IRA distribution at 59 1/2 and older
Which defense ETF should I keep? I'd appreciate any insight
Leveraging $1M+ portfolio using *Margin* and CC ETF's to generate additional income
Investing Advice For A 38 YO Healthcare Business Consultant.
anybody investing in these 10%+ dividend yield ETF's?
How can the SEC yield be so much lower than the distribution yield, and what does that mean for future dividends?
young buck looking for some advice from the seasoned veterans
Mentions
Talking purely dividend returns. From looking at it SPYI avgs about 11% vs Verizon at 5.6%.
What do you think about SPYI. Probably pretty good long term. Idk if your better off in that or spy
Yea but you're not gonna like this... My excuse is I'm in a custody battle with my ex and need income. I have 2000ish shares each of NIHI SPYI QQQI and IWMI. 500ish of BTCI. I'm holding a couple speculative stocks but only 10k per of those I'll keep in hopes of a big payout in 2030. Those are the only things I kept when I switched to income. Before that I was all VOO and chill. There's been some big changes in my life this year.
Question. Does anyone bother with SPYI or QQQI? Basically getting SPY/QQQ, but with high dividends.
My advice to you is don't do options until you have several years of investing knowledge and better understand the risks. Yes you can make income from options but if you do it wrong you could loose a lot of money. You might be better off with fund like SPYI. it invests in the same index as VOO but sells covered calls to cover the price gain into dividned income. They have a professional staff that can do option correctly with little risk to yourself. SPYI has a 12% yield and its dividned income will not be taxed for about 10 years. And they manage to also keep you taxes very low. You will likely pay close to zero tax on the earnings from SPYI for about 9 years. After that the taxes will go up but will still be very well. And using CahatGPT can be risky because tends to make mistakes or will bias its sewer to what you want to hear.
I’m glad it worked out for you. If you are sincere with your question then I will answer it. If I had 100k sitting not being put to work and I was looking to invest it I could employ a couple of different strategies. Passive investing like buying the S&P. High yield dividend income investing like SPYI or QQQI. Or the last, which is what I would do, purchase some quality companies that are trading at a discount and start selling covered calls that are out of the money. The inverse to the last strategy is to identify some beat down quality companies and sell puts on them. There’s a higher rate of return, and if you eventually get assigned, then you implement the wheel strategy.
I think there is a far better wat: Buy a global world ETF. For example SPYI, VWCE or some other simiar ETF which diversifies to the whole world. You will get exposure/diversification to most important currencies. No need to pick a single country. And definitely do not invest only in OMXSPI. It is way too small market and country for wide enough diversification.
Roth and brokerage account have very different rules and can be used in very different ways for different purposes. In my brokerage I have invested in QQQI, SPYI, KGLD, EMO, UTF, UTG, PFF. These provide montlhy dividned that have a tax calsifcation of Qualified or ROC for tax efficiency this portfolio covers all of my livinenexpenses of 5K a month allowed me to retire in my 50s. Now a roth cannot easily be used fro income prior to age 60. So VOO and chill will work. But you might also want to add some QQQI in it so that the dividends will add to your your yearly deposit allowing more than 7.5K a year of cash flowing into the account. The more cash flow into the account the larger it will be when you retire.
6 months. anthyign longer than that would be better off invested in growth index fund or covered call index funds. Whither money market fund or short term treasury fund the best you are going to get is about 4% yield. But with SPYI you can get 11% dividend yield. and it would be tax free income for about9 years. After that the income is taxed at the long term capital gains rate which is still a lower tax rate than your work income.
I’m over 50, single. I work in tech (at an investment bank) and if I lost my job today, I doubt I’ll get back into the workforce quickly, if at all. On top of that, normal medical issues as one ages. I have a years net salary in SGOV and another $15k in a HYSA. Since you mentioned investments, I have a bit over $1m in taxable investments (mostly ETF’s, SPYI produces an income to cover my housing in case anything happens). I should have done better at my age but it’s not the worst situation to be in.
Investing is always the correct choice. If you are worried specifically about monthly expenses instead of growth - Covered call funds like NEOS pay out monthly. Those monthly payouts might drop a bit in a market crash but you don't need to worry about selling stocks to make ends meet as long as you put enough into it. It is 100% better to use traditional etf funds instead of owning covered calls for total return but covered call etf's are a good tool for people who have a major mental block of being adverse to selling in a bad market. CC funds are generally more cash focused than growth focused but some funds have decent appreciatiation with a larger payout than dividend etf's. The more generic and common recommendation is having 6 months to 1 year worth of expenses saved up as cash or cash equivalent. That way market crashes do not mean you need to sell any stocks. Then even in a market dip you are good for the year. But that's normally for retirement. If you are still working, I would error on the side of 6 months. It is enough time to find another job. 240K for sure seems excessive to me but its always based on your monthly budget, not others. If you are budgeting, even if it is high, it is better than most people because you are keeping track. 240K in covered call SPYI = they pay 30K a year which is 2,500 a month you could use or re-invest. SPYI is an investment that grows a bit assuming the market is growing but pays decently. You could be in a coma and this would still be paying enough for most peoples housing and car at least.
The tax come as you describe it only occurs if you sell SPYI. Dividned are taxed 3 ways. ordinary income were 100% of the income is taxable income. Qualified income were worst case only 20% is taxable income it might be 15% or even zero. ROC dividend which has already been discussed. So if your cost basis reaches zero you are still paying less in taxes than your work inocme . 80% less. But if you sell you are pay taxes on the full value of stock you sold. Which is fortunately still taxed at the long term captial gains rate.
Return of capital concept is in many palace in the tax code often not labeled as Return of Capital. When you sell growth you are only taxed on the gains that occurred after you sold. Why? because a portion the income is return of capital. When you sell stock at a loss it is not taxed. Why? became it is all return of captial. Covered call ETF make money form selling covered call contracts. Now sometimes these contracts result in a loss. Good covered call fund seek to balance losses and returns so that you pay minimal taxes due to the balance of losses and gains. SPYI typically generates 95% ROC with the rest bing qualified dividneds. For a covered call fund like SPYI The return captial is subtracted form the cost basis of your shares. which is similar to how capital gains taxes work. If the cost basis is above zero you owe no taxes. Typically it taxes about 9 years for SPPYI cost basis to reach zero. Once the cost basis reaches zero you dividend are taxed at the long term capital gains tax rate. which means worst case only 20% of the income is considered taxable income which is a 80% discount from your work inimcoem Now many will mention 1256 contracts and 60/40 split of long term and shaort term captial gains. But this only apples to fund management not you the investor1256 is an internal part of how Neos handles covered calls but has no bearing on your taxes. Also not all covered call funds generate return of capital JEPQ and JEPI are popular CC funds. But the dividned is taxed as ordinary income. And others may generate ROC and ordinary income to determine how the income is taxed you need to review December 19A or 8937 forms which willl provide tax information. Also be away of funds like yield max that hav more losses than gains. This results in destructive ROC and NAV erosion. generally covered call fund with yields avboe 15% have NAV erosion but but funds with yields below 15% generally Have NAV growth which is good. All Neos funds like SPYI are good without NAV erosion.
you don't have to be growth or dividends. You can do both in one portfolio. In my taxable account I have FAGIX for growth. For dividneds I have QQQI 13% dividned yield, SPYI 11%, KGLD 11%, EMO 8%, UTF 7%, UTG 6% PFF 6%. This portfolio currently generates 5K a month that covers all of my living expenses. I does generate a bit extra about 1K which I reinvest for more income. These dividend funds pay monthly and produce qualified dividned to minimize my taxes. Since i started investing for dividends just before 2020 I have not seen any dividend cuts or any significant problems. Automatic dividend reinvestment is turned off for all these funds so the cash is in a money maker account and I keep a minimum of 6 months in the money market. FAGIX is the market holding with some individual growth stock picks. Otherwise every thing is in ETF or CEF funds. The growth is mainly long term savings for major emergencies or inflation adjustments. And I have 401K mainly growth and roth IRA which is a mix of growth and dividend. But since the Roth is tax free I have other dividend funds that are not tax efficient. Since dividends are very stable I don't worry about the volatility and risk of my growth funds. If I sell growth it is only in the ammount necessary for the emergency or inflation adjustment For example sell 4% of the growth once every 4 years to insure I never run out of growth.
If your investment phiosophy is growth focused many do sell when the market drops. But dividends investors typically don't sell . Growth if very volatile but I'm comparison dividend are typivccallly very stable. I have not seen any any dividned cuts since i started focusing on dividend just before covid started. I have a taxable account that is focused on dividned income it generates 5K a month reliably which I use to cover all of my living expenses. I am currently invested in QQQI 13% yield, SPYI 11%, KGLD 11%
NEVER trade with money you can't afford to lose! After 20-years my job gave me a 1-year severance in 2024, which I then focused heavily on up'ing my trading skills etc., so glad my brother-in-law had got me into trading in 2023! Ultimately I retired early not wanting to compete with other (now 20) to 40+ year old engineers that have been getting laid off as well. I was trading in the upper 60 to mid 70 percentile, as far as win / loss, nothing spectacular (aka worthy of a YouTube channel LOL!) Once I discovered the monthly return ETFs (QQQI, SPYI, JEPI and JEPQ), in my IRA, I went all in, and bless, they're paying my mortgage every month and other bills. I've also added some income ETFs now in my stock account to make cash when I'm not trading, I park those returns into SNSXX (avoiding state taxes) as emergency cash / dry powder for trading. Recently learning of OVI here on Reddit, I'm trying some of that too to see how that does... Good luck w/your investments!
>it's not really ideal for someone in their 20's and 30's Oh, for sure. I hold SPYI and I'm in my 50's. The person I was talking to at work - she's in her 40's so maybe still not quite old enough. I'm just worried that my tech job may not last into the next decade so I decided to take some steps to generate income that covers my mortgage and HOA because at over 50, finding a new job is next in my field may be next to impossible.
1). The monthly income you are getting now will basically be untaxed as they achieved 97% ROC and hence their fees are worth it. 2) Your basis in the stock adjust down accordingly creating a deferred tax time bomb when you have to sell them. After 7 years, the basis is likely 0. Everything from here on out will be long term gains 3) for the 7 year window (QQQI) and 10 for SPYI, it is a chance to cutover from a tax rate say 55% for me into 20% down the road when I no longer plan to work. 4) It's not really ideal for someone in their 20's and 30's kicking the can 7-10 year out and create a bigger tax problem, but perfect for people that plans to work a few more years and kick the can to early retirement (before SS or forced distribution of other deferred comes in. You can't overdo it as income in 2031 even when not working, have SS or forced distribution can still create a problem. Something around 50K in annual income is manageable for tax. 5) I plan to donate them once the basis is 0 to take the tax deductions if it makes sense and contribute to society
This is definitely tempting. I do think SPYI classifies a large part of the yield as ROC, which does not count towards taxable income which could lower MAGI below the threshold.
You have done very well saving but you are imbalanced with all growth and no income. What I would do is sell the 100k and reinvest the money in a high dividned fund, QQQI for example. QQQI has a yield of 13%. So that 100K would generate 13K of income per year and it is a very tax efficient fund so you won't pay a lot in taxes. 600K in high yield funds with a yield of 10% would generate 60K a year of income. So you may watt to start slowly shiting your portfolio away from growth in the taxable account. You could use the money from this fund to pay down your home loan or if needed use the money to cover other expenses. And if you slowly sell of and reinvest the money in the brokerage account in to dividends. you could buildup secondary income sufficient to cover muchof your living expenses. giving you more financial security. In my taxable I have QQQI 13%, SPYI 11%, KGLD 11% EMO 8.5% UTF 7%, utg 6.2% , and PFF 6%. The lower yielding funds are selected based on nong term dividend stability. The other are covered call funds with no NAV erosion. All are tax effect producing mainly qualified or ROC dividends to minimize taxes. For me this protfolio generates 5k a month. Enough to cover all of my living expense.
Note not all dividneds are taxed as ordinary income. Some dividneds are taxed at the the lower tax long term capital gains rate or ROC which is even a bit lower. ROC dividend are even tax free for a period of time (often years) I am invested in QQQI 13% yield, SPYI 11%, KGLD 11%, EMO 8.5%, UTF 7%, UTG 6.2%. QQQI is tax free for 7 years then is taxed at the LTCG rate. SPYI and KGLD are tax free for 9 years and then is taxed at the LTCG rate. The remixing funds on the list are only taxed at the LTCG rate. But they have a much more stable dividend income. I built up all of these funds in a taxable account and I have growth in retirment accounts. Today it covers all of my living expenses in my 50s So I can take a 1 yer trip at any time.
If you are creating income portfolio then diversification is best, so have some in VOO / XEQT and QQQI, SPYI, JEPI, TSPY etc. If you are young and don’t need monthly income then just do index ETF.
I’ve thought for a while that a short term limit or elimination on CG taxes on rental properties would be good for the real estate market. Speaking personally, if we could sell our one rental tax free I probably would and just dump into SPYI. There’s probably a lot of 1-2 property landlords that don’t really want to be landlords.
no. you need to Generate 2 million after tax dollar and put them into JEPQ/SPYI to get decent stress free monthly income. Those income need to check cover your medical bill or any unexpected outcome.
Forget doing CCs yourself. That's just asking for trouble if you're already fucking around with 0DTEs. And looking at your post history is a fucking nightmare at your age. Sell everything and buy SPYI then set it to reinvest dividends while you're still working. Then ignore this account. This will get you 46k one year from now then 52k the next and so on and so on. Hopefully, this a Roth IRA so you don't have RMDs and withdrawals will be tax free. This, plus Social Security, should give you a conservative 80k a year in retirement, not including any other retirement funds. No, you won't be flying around the world in first class but you won't be living off of bread and cans of soup either.
age recomendations are based on the idea that : * Everyone is investing retimrent . * Everyone is aiming for maximum total returns. * Everyone is working and has no need for extra income. * Everyone has the same risk tolerance. These assumptions don't apply to all people, So ther is no-one size rule that works for everyone. The best way to look at this is based on the a count type. If you are using Roth IRA were there are no taxes and you cannot withdrawal the money intuit age 60. These account are great for dividned and gowth at any age if you don't need access to the funds until retirment. 401K and and traditional all IRA also fit in this category. Taxable account can be used for any investments but you need to keep track of taxes. Taxable account are ideal for dividend funds that have high yields and generate ROC or qualified dividends that are taxed at lower rates than interest and work income. I personally have QQQI 13% yeild, and SPYI 11% , EMO 9%, UTF 8% , UTG 6.4% and PFF 6.% in my taxable account. The dividends are all from tax efficient funds and genrate 5K a month of income now which is about equal to my living expenses. and I use the income to maintain a 6 month emergency cas account. And this income allowed me to retire in my 50s. I have a 401K and roth which I will be able to access at 60.
It is still good advice because annoying beyond 6 month of cash should be invested in bond or dividend funds. So If you have enough bond income or dividnedincome to cover all of your living expenses and turn off dividned investing the dividends will refill the cash account. And as long as you spend less than the dividend income you will never run out of cash aNow it does take time to build up a good dividend portfolio but once you have it you could be unemployed for years and still hav income For many people 6 month of cash works out to $30K to 60K. 60K in QQQI a dividend fund with 113% yield will produce 7.8K a year. so yes it will take years to build it up but ingeneratl most people are employed longer than they have been unemployed. So while working it is a good idea to to star this. I have a dividend portfolio of QQQI SPYI 11% yield,EMO 8%, UTF 7%, UTG 6.4%. are tax efficient funds so you won't pay a lot in taxes. And all pay in monthly installments it currently generates enough to cover my 5K amount living expenses.
Keep in mind the age - 100 rule was widely used before retirment accounts existed. So everyone was using taxable brokerages. With no ability to avoid taxes the safe way to minimize taxes was to gradually shift you porfolio from mostly growth to mostly income over time. Now with Roth, IRA, 401K many say stay full invested in stocks and then switch to inocme. Since you can sell at any time and pay no taxed this waite until the last minute aproach will work. But these are strictly retirement rules. which means it is assumed you cannot withdrawal the money until age 60. There are many peoplethatdon't want to wait for incomeuntile age 60. having divined income from your investments can be a type of insurance against unemployment or a medical crysis that prevents you from working for moths to several years. Others want to retire ass soon as possible, gas 30 to 40 or earlier, and that means a taxable account. Others want income for vacation or hobbies. So overall i would not use age as rule defining how you invest. With dividend funds like QQQI 13% yield, SPYI 11% yield, EMO 8%, UTF 7%, UTG 6% and PFF you could get substantial income at any age for any reason and these funds all generate qualified or ROC dividend so they are tax efficient investments and the income is paid out in montly installments.
I just hold SPY or SPYI depnding on how I fee about the market with about this amount, then buy stable stock when they are down or CSP on stocks, still net around 15 to 20k a month or so very little risk as long as you hold if you catch thr downside if a trade.
If 60k is your annual spend, SCHD alone would pay you 72k per year and your taxes would be covered or you’re right on the edge. This means you can mix in tax advantages high yield ETFs like SPYI and QQQI and make over six figures. Your hypothetical is my end game.
Between the two VWCE for sure. Burn my preference for an all world ETF would be SPYI (passive all cap), JRWA (active) or PSWD (value).
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.
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. .
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.
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.
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.
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.
But then what about portfolio diversity ? NEOS and SPYI for me too
ETFs are guaranteed = look at NEOS QQQI SPYI MLPI they play cash monthly around 12% annual plus. Modest expected appreciation. That’s 15% in my ROTH as I’m 85
Back during the pandemic, I got all in with the euphoria (i.e. ARK Funds) and got left holding the bag. Today, I'm trying to be patient and waiting for a significant drop before redeploying more for long term (SPCX, CBRS, even MSFT). Instead of building positions on single company stocks, been just dabbling in on dividend income funds such as SPYI, QQQI, PFFA, and MLPI that will have less volatility once the dip happens while still building income for this potential dip.
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.
If you have been investing for 25 years your are like 50 years old. Which means your subconious financial goals are changing form growth to capital preservation and income. I would look at investing in these funds JAAA 5.5% yield CLOZ 8%, UTF 7%, UTG 6.4% and ARDC 9%, FAGIX 6% UTF and UTG survived 2008 with no dividned cuts While JAAA and CLOZ and didn't exist the investments they invest in continued to pay out income when the market crashed. FAGIX if a 40 year old bond fund that has always payed a dividend. ARDC is only 15 years old but it has a very stable dividend. i have these funds in my roth and have QQQI 13% yield, SPYI 11%, PBDC 9%, EMO 9%, Right now my roth has 500K invested and generates about 5K a month which is all reinvested. IIt will be few years beforeI can access this income.
You could get overexposed to gold. But the bigger problem is you you're putting money into an asset that may never pay off for you. Gold has tendency to stagnate for long periods of time. And then for a short period of time shoot up and then quickly drops. Many miss these peaks and either sell at a much lower price or don't end up selling it. I could instead invest in IGLD. IGLD sells covered alls based on gold price. this fund Basically converts gold price volatility into steady income. Overall it will generate 10% yield of 10%This would be 1K a year for 10K investment. Note the yield is currently higher right now because here was a large special dividend recently. Eventually the yield will drop to its historical normal level. Ther are many funds you could invest in for income which generally is better invesmtnte than a shiny metal. Such as QQQI 13% yield SPYI 11%, EMO 9%, UTF 7%.
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.
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.
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.
SPYI, QYLD, etc. are also hot flaming garbage
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.
I plan to convert everything to SPYI and live on the 12% distribution paid monthly.
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.
If nothing else get into something like JEPI, JEPQ, SPYI, QQQI and start accumulating dividends while you wait.
buy SPYI and QQQI and go sit on a beach with 10k per month in dividends. Peace out world.
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! 😃
You okay with less returns but more stable then go with SPYI.
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.
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
I'm not familiar with SPYI's distributions so no comment on that, but yes turn off the automatic reinvestment.
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.
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.
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
You can just about do that now in 50% QQQI, 30% SPYI, 20% BTCI. As for how sustainable that is. 🤷
Probably QQQI and SPYI.
Picked up some SPYI and QQQI
SPYI and QQQI over here. The dividends are good
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.
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.
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.
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.
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.
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
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.
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
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.
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.
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.
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.
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)
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.
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.
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.
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.
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)
Yay, thank you for asking! 50/25/25 SCHD SPYI QQQI. 12-20 year runway, will never sell.
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.
50% SCHD, 25% each SPYI QQQI. 15-20 runway, can't lose.
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.
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.
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.
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).
Liquidate everything, invest it all in SPYI, and retire on dividends of about $700,000/year?
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.
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.
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.
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.
What's your split between QQQI and SPYI ? 30/70?
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.
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.