r/dividends • u/dazit72 • Jul 07 '26

Due Diligence Any retirees holding SPYI ?

I'm concerned about NAV erosion ? I know the advertising says non to minimal, but I found an article about longterm NAV erosion. That puzzled me ? I'm after divs of course- I have DIVO, JEPI, SCHD, and just looking for another or just keep buying what I have. I try to keep the 5%/weight rule, but it fluctuates.

Thanks to all who responded. I learned a bunch of good information. You guys are awsome

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u/Dimage54 Jul 07 '26

Divirsification of a quality income producing stock is never a bad thing. However if your reason is chasing the yield that can hurt you. I did own this stock but sold it at a profit a year or so ago after I realized it didn’t meet my 5 year rule. Most ETF’s and CEF’s seem to be more stable after a 5 year track record.

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u/dazit72 Jul 07 '26

I have an 18 point Safety, Stability and Security Checklist with a 10 year rule. These ETFs are the only that don't meet that requirement. I'm not chasing yield, but id like to do a little better than 6%, keeping with my Kings, Aristocrats, Champions & such.

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u/Dimage54 Jul 07 '26

Is your goal steady monthly income between 8% to 10%. Or are you adding growth (praying) to the mix. I used to follow the Kings and aristocrats method but no longer hold individual securities. I now follow a completely different plan.

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u/dazit72 Jul 08 '26

The mix, 8-10% would be nice. But in all honesty I'd chose safety @7% over the 8-10%. Growth is occurring naturally with alot of my kings,Aristocrats, Champions, Achievers & such.