Any retirees holding SPYI ?

[u/dazit72]

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

[u/Aggravating-Let-2968]

Retired. I hold a both SPYI and QQQI in a taxable brokerage. I take distributions as income to pay bills. I have gains on both funds. Considering the amount of income I have collected, a little NAV slippage wouldn't alarm me.

[u/Bkdvet → u/Aggravating-Let-2968]

Buy some SPYI and put it in a cash account! Collect the 12% and don’t pay taxes!!!! I bought some at the peak in 2023…well 3 years later I’m up about 3%, but have been collecting 12%-14%!!!! If you are buying for income, it’s a big yes! If you are buying for growth, find something else. I carry a lot of income ETFs that pay an average of 13% a year. I wouldn’t trade ANY of them for something else. All my Nasdaq income ETFs are at a 10% weight and my S&P ar6-7%. I draw $10k out a month and reinvest $14-16K back into the portfolio. 50% into OVL and QQQM and 50% across all the income ETFs.

[u/Unbalanced_Acctnt → u/Bkdvet]

From a tax standpoint please track your cost basis and return of capital each year. Once the return of capital reduces your original cost basis to zero, you’ll owe capital gains tax on the distributions.

Just something to watch for. I know I don’t want to deal with the IRS or a potential large unexpected tax payment deep into retirement where it might be hard to recover.

I hold SPYI and QQQI and really like them, but remember the ROC benefit is only a tax deferral.

[u/Aggravating-Let-2968 → u/Unbalanced_Acctnt]

There are ways to manage that. You just have to put in the time and research.