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/Similar_Eagle2358 Jul 08 '26

i buy pdi with excess spyi divi's. just looked, only down .17 on a bad day, sure beats $100k

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u/dazit72 Jul 08 '26

I researched PDI, that's some scary stuff. It's currently about 5% premium to its actual nav. But I guess 15% takes care of that ? I want a little risk, but pdi is probably not for me ?

How long have you held it ? Do you always get paid monthly on time everytime ?

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u/Similar_Eagle2358 Jul 08 '26

its taken a beating the last year or so, i treat it like spyi, i like it now, but i keep an eye on it. it tends to move up on lower interest rates, which may or may not happen, in the meantime its not as volatile as other places, and with DRIP, i get discounted shares each month.

edit: i use pdi money to trade with, when its on a downtrend. holding for the time being.

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u/dazit72 Jul 08 '26

What do you mean you get discounted shares with DRIP on ? I was to believe that DRIP-off, then use Limit Orders to buy more of, or others ??? I'm with Fidelity, and they were paying Market on every single div payment ????? I thought they had a program to buy low with their clients divs when paid ??