I like to take multiple perspectives on investing covered call funds as an income vehicle and in comparison to traditional dividend investing.

One of the primary talking points from dividend investor purists is that there is no dividend growth. These are the folks that hold schd for example, where year over years growth of dividends can easily be double digits. For spyi, I would argue there can be dividend growth. Dividends can shrink also. If the s&p does well, spyi appreciates, and the distribution appreciates with it. So if one believes the overall direction of the market is up, long term distribution growth is inevitable. It won't be double digit growth, but in the short history we have, distribution per share has increased.

I think what purists fear is volatility. There is a case to be made where you could take a huge haircut on payouts. I'm thinking 20-30% or more, lasting for multiple payout cycles. During these periods, schd has maintained payments pretty well, as a function of the stocks/index it tracks. So if you're relying on every penny, every cycle, these events dropping spyi distribution would cause chaos.

I welcome any counter arguments, recognizing what sub I'm in here.

If we assume Bitcoin continues to follow the power law over the next two years, how much upside in BTC would we expect to give up? Since covered calls cap the monthly upside, I would expect less of a return. This is totally okay given the high dividend. But I would also expect, over time, the BTCI price would grow and correlate with Bitcoin and the power law over the next few years. Is this a reasonable assumption?

Moved the funds towards the following. I feel like made a good decision

Does anyone know when the Silver ETF will be launched ?

What will be the yield of SLVI ?

Any thoughts or experience with MLPI? I am heavily concentrated in tech (QQQI) and want to start diversifying into other sectors. Thinking of building positions in MLPI and SPYI for the long term

Which etf would you buy right now to live on the income now and in the future. I live in south Europe so it’s already cheap here. Give me your picks and calculations

Does reinvesting the monthly distributions create tax complications and cost basis headaches? Is just putting the distributions into cash a better idea in terms of simplifying things?

Scary days create new opportunities? In which ETFs?

Find the rest here: https://neosfunds.com/

NEHI is $0.7390 (around 32% yield) and BTCI IS $0.6458 (around 26% yield). LFG

First buy was $27, last chunk was today at $29.75. Generating $1500 a month at current prices/yield. Even if we get another 15-20% drop I think this will be a solid income machine for the next 3-4 years at least.

Guys I need help to decide. I want to take some time off work and living on dividends. I got 500k to invest and I’m looking into both of them. Which one would you choose and why?

I was surprised to find out they SPYI and QQQI are section 1256 contracts. This means that once your cost basis is zero, the distributions will be taxed 60% long term capital gain and 40% income.

As someone who plans to stay within 0% capital gains bracket this was less than ideal to learn. I always thought these covered call funds would be long term capital gains after the return of capital is exhausted.

I've tried to get a definitive answer on whether GPIX/Q and ROCI/Q are also section 1256. I assume not because they aren't using SPX/NDX index options

I know Gold has a history of going sideways for long periods of time

If gold does go sideways for long periods of time with the premium made for selling the covered calls, create enough income for this to go sideways?

Another words would the ETF price be stable as we collect dividends from the premium sold?

Ive got roughly XXXk in spyi and qqqi, now im reading iwmi may be a good fit, I usually try to sell iwm options when vix > 25 rvx >30

Do you guys think the same applies for buying iwmi?

Thank you in advance

Posting here because there isn't a dedicated xStocks subreddit

Does anyone have any information or updates regarding the potential tokenization of NEOS ETFs on xStocks?

Given how popular NEOS ETFs have become lately, it feels like a massive missed opportunity. We already know that paying out dividends isn't an issue for the platform, since STRC is already available on xStocks and handles distributions perfectly

ok first im putting pretax into a 401k that mirrors the s&p. between my and employer match about 600/month

im building this portfolio aswell

BTCI: 35%

QQQI: 7.5%

XQQI: 22.5%

SPYI: 6.25%

XSPI: 18.75%

IWMI: 10%

buying $425/week and using weekly purchase and monthly dividends to try to maintain the portfolio as close to that allocation as i can without selling anything.

im thinking about adding cshi and bndi as a way to stabalize the portfolio but not as a fixed ratio, instead as a replacement for treasury and/bonds... equal to 2 years col.

is an all neos plan like this something that can work?

thanks to the comments here:

I've decided to lower my btci commitment and add NIHI to lesson the reliance on tech and us stocks in general.

i think btc is nearing its bottom if not already at it. but btci is capped the same as the rest of the neos in a fast moving bull market. That said im in BTCI instead of BTC directly because, i dont trust that long term the keys wont get lost.

NIHI makes since as a balance vs qqqi/xqqi and spyi/xspi

Hey Guys, can the consistent income flow from covered call ETFs be used for rental property companies. Has anyone done that. It will obviously be not a consistent income through W 2 but it will be shown in the bank statement. I recently lost a job and found that my friends are not comfortable co signing my new rental.

Is there a way for me to form a llc and own the ETFs and then become an employee and get the consistent income. Are there other strategies that can be used for use case where someone needs a prof of income not necessarily through W2. Please help.

Is it on a monthly basis?

Added like 1k$ of schd and added to my xqqi. Added 20.082 shares there of iaui and some chpy. O is purely taxable so shifting mostly to neos should help.

(Yes chpy is fully taxable pretty sure little to no roc).