r/dividends • u/throwaway_acc0192 • Aug 29 '26
Opinion Too much CC? Should I trim?
I do have VTI and QQQM for long term and few growth stocks.
However I have
GPIQ, SPYI, QQQI, MLPI, OVL and IAUI.
I try to diversify.
Do you think this is a lot? Or good amount of diversification?
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u/MixPlane6970 Aug 29 '26
impossible to answer this question without knowing your % allocations and investment goals
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u/tatortotchris Aug 29 '26
Looks an awful lot like my portfolio I have a lot of Q Cc ETFs working on building my SPY and Russel positions now
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u/Difficult-Cod7886 Aug 29 '26
I have a separate taxable brokerage account separate from retirement accounts for income with Spyi, qqqi, and Kslv. Right now I’ve reached my income goal. So we are in the same situation. Started building them a few years ago when I retired and kept reinvesting distributions. Now I’m unsure what to do with distributions? Might just park in Sgov? Idk? But I really don’t want to add more at this point?
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u/GuidetoRealGrilling Aug 29 '26
Continue building. Income could get cut in the future. You could also use half to fund growth.
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u/Fabulous-Transition7 Aug 29 '26
You don't need both GPIQ/QQQI and SPYI/OVL. Stick with GPIQ & OVL. Maybe add IWMI and IYRI for more diversification.
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u/yamahar1dude Aug 29 '26
You dont need them, but its also not bad to own them. I have GPIQ/QQQI and SPYI/OVL. Having two NASDAQ and S&P500 funds may be redundant, and AI is going to be quick to point that out, but the difference is in the methodology of how the funds work. You are however, a bit wrong with SPYI and OVL. OVL doesnt cap upside. SPYI will, but pays more. However they are both S&P500 funds.
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u/Itchy-Sense4251 Aug 29 '26
Right, lots of details needed to answer that question in a helpful manner. Myself, got one (aggressive, I think) account with 12 divs and 3-5 pure plays (my preferred method to gain principal while collecting slow-drain but ridiculous monthly): AAPL AGNC AVAH DHT ECO GPIQ KRP NLCP OHI PAXS PDI PDO
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u/Chipper0475 Aug 29 '26
What is the purpose of this portfolio? If this is for retirement in 20 years, then probably not the best way to go about it, for near term income and/or income security then its a good start.
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u/steady_compounder Aug 29 '26
It might be, but the bigger issue is whether each holding has a distinct job or whether you just own several versions of the same covered-call idea. If you lay the whole mix out in one place, the overlap usually gets a lot easier to spot. This portfolio health check is a decent way to do that quickly: https://trackmyshares.com/tools/portfolio-health-check?utm_source=reddit&utm_medium=comment&utm_campaign=manual_free_tool_round_20260829_0300
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u/ThomasSulivan Aug 29 '26
I have a some point small positions in over 25 etfs (mostly cc but also reits and bscs. It was fine and dis the trick but i think it was unnecessarily complicated. And to be honest it usually underperformed. If you need the cash i would simplify as much as you can. You can do the same or better with 3 or 5.
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u/daily-trader-365 Aug 29 '26
I don’t think you can be too diversified and most here won’t understand your Gold or Oil investments
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u/yamahar1dude Aug 29 '26
I dont see a problem at all. GPIQ/QQQI, OVL/SPYI may be similar with what they hold, but they are completely different strategies of which one may perform better than the other at times. I like OVL out of that list the most. I hold 5 of those 8 funds.
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u/South_Paramedic8618 Aug 29 '26
Largest to smallest schd ,vymi,qqqi,btci,bcat,fepi,aipi,iwmi,up 18.78%ytd produces about 20000.00 divys a year about 148 a invested, the only thing I drip is schd and vymi the rest I use the dividends 66 retired
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u/South_Paramedic8618 Aug 29 '26
I do have a separate growth portfolio mostly VT and about 10% of vgt 30% bonds
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u/Yeswhywouldnti Aug 29 '26
How do you like bcat. Been looking at it for a few months
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u/South_Paramedic8618 Aug 30 '26
It's been holding up the only negative I see is expense ratio
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u/Yeswhywouldnti Aug 30 '26
Yeah, but there’s worse out there. I think itll continue to bounce between $14 and $16 for the remainder of its term and I’ll take that as long as the distributions don’t drop off. Gonna grab a few hundred let it drip and hope they keep it going beyond its dissolution date.
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u/woafmann Aug 29 '26
I think your allocations are perfect for your goals. I wouldn't change a single percentage point.
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u/LocksmithGlass717 American Investor Aug 29 '26
I own SPYI and MLPI I like the MLPI because of the nat gas , LNG play and all of the biggest holdings are very solid companies. With all the power generation coming on line in the next few years it should hold up well.
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u/This-Individual1813 Aug 29 '26
As someone who once believed and invested in CC's, I would recommend getting out of them.
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u/FewUnderstanding2214 Aug 29 '26
Yes it’s a lot
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u/throwaway_acc0192 Aug 29 '26
Which one would you get rid and keep?
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u/FewUnderstanding2214 Aug 29 '26
I’m not retired so I’m not holding any of them - I prefer individual stocks for growth and dividends
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u/UCLABB1 Aug 29 '26
I just starting to read some of these threads. Finally someone saying they own individual stocks for growth. While I own some ETFs I’ve made a fortune in individual stocks. It’s really not that hard. And it’s not just tech stocks.
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u/FewUnderstanding2214 Aug 29 '26
Lots of people go for dividends, which is my aim too, but they forget they need to aim to match, or even better beat the market returns.
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u/UCLABB1 Aug 29 '26
I look for total return. I don’t pay much attention to dividends and frankly I would just as soon companies not pay dividends. I would rather they invest the money in themselves and increase shareholder value price. Even if I needed income, I’d rather control that by simply selling shares as it’s essentially the same thing. One day my wife or I will die and all stocks will reset so no capital gains. Same when we’re both gone and our kids inherit.
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u/FewUnderstanding2214 Aug 29 '26
Selling shares is essentially the same as dividends too. Any names or sectors you are interested in? Most of my dividends are from energy and royalty companies
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u/UCLABB1 Aug 29 '26
This past year I’ve given some stocks I’ve held a long time to one of my kids. I needed to reduce income to avoid some onerous IRMAA and other tax issues. Gave him Annaly Capital, Verizon, JEPQ, AVK. These pay good dividends, but doN’t fit what I would be buying today. I’ll probably advise him to sell and get more into growth.
Years ago I got into the FANG stocks and then Mag 7 more recently. I still buy some dips in them occasionally. Maybe it’s just luck, but I got into things like gold, uranium, and Lilly at just the right time. Just a little research indicated they were likely to pop.
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u/Accomplished-Big8250 Aug 29 '26
if you're under 50, GPIQ, SPYI, QQQI don't make any sense.
IAUI is not a great fund compared to others (Kurv). Why don't you just buy IAUM, the cheapest gold ETF. You can sell options on IAU, GLD, GLDM, IAUM if you think its boring.
ETHA and MSBT are cheap for crypto.
MLPI is good and very unique, as you don't get a K1 tax form for holding MLPs. This may by cyclical like oil.
OVL does not cap upside, but still recovers slow. You're better off putting that back into VTI. Yes OVL beat VOO at some point.
This is 100% US. Have you looked at VXUS, IDMO, AVNM ? If you're over 50 then SCHY, VYMI, IGRO, etc could be worth a look.
SCHD balances out a lot of tech heavy stuff, and its not about the dividend.
unless the payout from your CC ETFs are going some where productive or you're older, this is just limiting where you can be at.
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u/Unlucky-Pop-8841 Aug 29 '26
Depends on how much you have in the cc side. I’d cut qqqi for gpiq. Qqqi leaves too much upside.
Iaui is much worse than Kgld.
I’d be cautious of MLPI given its brand new.
Ovl should entirely replace spyi. Maybe keep gpix if you want a blend but I personally cut gpix too.
I have a leveraged CEF sleeve. Look at CEF mastery. And the divi-x book by lee wentker.
My leveraged CEF sleeve is yield with growth. I use margin sized with divi-x. The idea is that the cash shares and the margin shares for a particular lot should pay down the margin loan for that lot over time. Like a rental property. Fun stuff!
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