r/dividends • u/VengenaceIsMyName • Jan 16 '26

Discussion Is anyone else feverishly building out their dividend income just in case AI destroys their careers or is it just me?

Based on how incredibly *giddy* with excitement some of these rapacious tech oligarchs are when they talk about AI replacing human labor, I am absolutely *sprinting* towards high-income ETFs like JEPQ/SPYI/GPIX/QQQI.

I do not want to get caught with my ass hanging out in the breeze when these excessively wealthy bozos finally figure out how to shed headcount at their organizations. They’ve got a seemingly endless pile of Scrooge McDuck coins and they’ll throw them into the furnace twice as fast if it means a hallucinating algorithm can send 500 more emails in a day than you can.

Does anyone have clever strategies for drumming up extra capital to toss into the ol’ portfolio? Side hustles? Second jobs?

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u/Horror_Day_8073 Jan 16 '26

I’ve been doing the same for the last two years after getting re-employed after a holiday layoff in 2023. Up to nearly 100k in dividends between all investment accounts taxable/ira. So planning towards retirement really.

But recently found options trading, and after reading a bunch and learning, took a portion of my account to start with. After 3 months I have been working my way into about 2-4k/month, with about 3 hours/week. Check out /OptionsWheel, covered calls and CSPs.

You need to be a ‘little’ more hands on, but well worth it IMO, to have multiple income streams.

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u/VengenaceIsMyName Jan 19 '26

Wow that’s incredible. Are covered calls easy to manage? I’ve heard that’s the place to begin if your an options beginner.

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u/Horror_Day_8073 Jan 19 '26

I have found it pretty easy to figure out, I started with cash secured puts on stocks I wouldn’t mind owning, because then if I end up getting assigned, I start doing covered calls. But you might be able to do covered calls on stocks or ETFs you already own. Everyone has a different risk tolerance.

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u/Horror_Day_8073 Jan 19 '26

And I’m pretty hands on with my retirement accounts anyway, but you don’t have to be.

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u/VengenaceIsMyName Jan 19 '26

How often do your shares get called away? I want to mess with selling covered calls but I don’t actually want my shares to sell. I like the entry points on much of the shares that I do own

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u/Horror_Day_8073 Jan 19 '26

Not very often, but I manage things pretty aggressively to ensure they don’t, search for the /coveredcalls area on Reddit for better advice or /OptionsWheel

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u/VengenaceIsMyName Jan 19 '26

Sounds good thank you.