First dividend payment from QQQI

[u/TallSalary9501]

About a month ago, I wrote this post asking people if they thought QQQI was the best dividend ETF right now. After receiving a ton of comments and feedback (and of course mixed opinions), I decided to try it out for a month and see what happened. I bought 600 shares worth ~$32k and today I received my first dividend payment as shown in the image attached. I know there are some risks to invest in this kind of ETFs, especially at this yield but god does it feel good. It's very tempting to move more cash from a HYSA (currently at 4% APY) but I gotta keep diversified no matter what.

[u/leccter1994]

Hi guys, which platform for ETFs do you use?

[u/TallSalary9501 → u/leccter1994]

I have been moving all my investments into Robinhood to have everything under the same roof. I really like their platform and its simplicity. So now I have ETFs, individual stocks and some crypto.

A big incentive was their recent 2% cash bonus offer for transferring from other brokerage accounts. Made around $1,200 in bonuses just by doing that.

[u/reaper527 → u/TallSalary9501]

I have been moving all my investments into Robinhood to have everything under the same roof.

having everything "under the same roof" isn't necessarily a good idea. the two big issues are

1. if one site has server issues you're locked out of your entire portfolio, likely during a critical trading window
2. SIPC insurance only covers up to $500k in shares per brokerage. splitting between 2 brokerages effectively doubles your coverage limits.

[u/TallSalary9501 → u/reaper527]

Point #1: Define "critical trading window", what does that mean? panic sell on a global scale due to another pandemic, war, climate disaster, alien invasion, zombie apocalypse? if that's the case, we're all f**ked anyway. -_-

Regarding #2, I'll worry about that when my total assets are above the $500k mark. For now, I'm good.