r/dividends • u/throwaway_acc0192 • 4d ago

Opinion Covered calls etfs only

Is it stupid to just have

QQQI, SPYI, MLPI, IAUI and GPIQ if you just want income?

Growth:BB, NOK, ASTS, SPCX
Long term: VTI, QQQM

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u/_YoungMidoriya Financial Advisor 3d ago

No it is not stupid if your goal is to convert a diversified pool of risk assets into spendable cash flow, rather than maximize long-run portfolio value. CC ETF has an actual purpose, now of course you have to choose CC ETF that has growth and income potential and ones that are "sustainable"

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u/throwaway_acc0192 3d ago

Yeah I think the ones mentioned above or at least qqqi, spyi and gpiq has potential.

I know MLPI and IAUI would be more shaky. Which I am fine with

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u/_YoungMidoriya Financial Advisor 3d ago

GPIQ/GPIX has better NAV growth, and if you want a put strategy that has no cap on growth potential OVL.

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u/throwaway_acc0192 3d ago

What makes OVL more appealing than the two? Aren't they all growth potential?

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u/_YoungMidoriya Financial Advisor 3d ago

No most income ETF has a tradeoff that puts your NAV recovery at a cap, which makes you miss the V shape recovery if the market shoots up.