It's interesting to experiment with different combinations of covered call ETF's & other dividend ETF's. I am experimenting with how to allocate a portfolio for the new year with JEPI, JEPQ, DGRW, SCHD & SPYI. I am also thinking about throwing in some SVOL. It's just a bit tricky to determine percentages because I don't want to sacrifice growth just for income.
I understand and growth needs to be a part of it for me. I look at it as an individual bucket in my portfolio but still want overall growth with some income.
Great video as always. With the pivot on the horizon, I think it's as good a time as ever to start rotating into plays such as this. I personally am bullish on the utilities sector for the next year or two and see the overall market trading sideways more or less. I always recommend your channel when the opportunity exists!
MAXI is a lesser known ETF from Simplify that has performed well this year. CONY and SQY are some newer ETFs from Yieldmax that have performed well this year.
You would need a lot of capital for this to make a difference. I prefer the Yieldmax and Defiance ETFs for the title "High Yield." Yes there's nav erosion but you end up in the green with reinvestment.
Hi. If you are reinvesting anyway, why does the yield matter? I know 8% is not comparable to what those others advertise but in the end, it boils down to total return.
@@dogelife7901 also something holding the underlying asset doesn't get you is that with the defiance/YM funds you end up getting your principle back in 1.5-2 years through the divs without having to sell the ETF.
My income soup bowl has thickened from a thin broth to a hearty chowdah' thanks to your evaluations. Would love to see a portfolio reveal soon to compare notes.
Try 4 roses bourbon whiskey with add touch of Wild Turkey American Honey to taste and a splash of water. Both are 40% and they are a good starting point when blended together.
Enjoy your videos. For these type of funds that are selling upside calls, but not on the actual underlying equities, can’t you lose both ways in that if the market goes up, you can lose on the call options, but if the equity is not being called away at a higher price and then goes down. You can lose on your equity as well? Also, have you taken a look at poct yet? Would love to hear your opinion on it.
Hi. You can have a situation with this one where the Russell 1000 is not performing well but the S&P is rising. If the calls are against the SPY (as they are currently) you would take a double L. However, it would also allow for a double win. I have not looked at POCT but will pull it up. Thanks!
I start to worry that covered call ETFs are reaching a "jump the shark" moment. Every day there's another new one. When everyone and their brother has a covered call ETF, won't the options premiums necessarily go down overall, because everyone is pursuing the same strategy? With so many more calls being sold, one would think the price buyers will have to pay for the calls will go down, thereby lowering the income from selling the call.
"Hiatus", as in from the GR-07/08 ? Ok so moving on. It's been something of a mystery to me why none of offerings of recent options funds haven't targeted the Russell 1000. I grew a large share of the money I have working for me in a Russell 1000 growth fund in my working years. 8%. I can remember when that was a Good Dividend. It doesn't seem like that long ago. Recently, 8% is approaching ho-hum status. (Can you say TLTW and 18%). But I do hear Sincerity in your voice. We think alike. I will put it on a watch list. I would like an Income vehicle in the R-1000 space. Diversification is Good.
What’s your take on emerging market bond funds like MSD? Stumbled on this and was blown away by the yields on some of these funds. Nav looks like any other high yield but the 10yr total return looks nice.
that was best of us investors. kerry use to have some interesting content, not so much anymore, but in a couple of videos he did talk about pappy van winkle. it was interesting
@@wealthadventures nice I spent a lot of my childhood visiting family they used to live in Hilliard. Now they live in Marysville a little more calm lol Columbus is a booming city that's for sure.
Hi. True but if rates are coming down perhaps it would be better to be selling puts on TLT vs selling calls and limiting the upside. I wish they had flexibility with TLTW.
Looks like the first distribution was all income, but maybe they do not have cap gains or other ways to classify the distributions yet. @@wealthadventures
PAPI, oh my PAPI ! I walked a million miles for one of your smiles.......oh, hang on a minute......thats MAMMY , oh hang on a minute....that is probably politically incorrect these days ! lol (Ok, I'll let myself out). ....
PAPI? I think I'll hold out until they release the MAMI fund.
MAMI would have a huge expense ratio.
@@wealthadventures😂
Buy both, Pappy is for when PAPI doesn't go as planned.
Ha! Right. Or when I buy PFE...
It's interesting to experiment with different combinations of covered call ETF's & other dividend ETF's. I am experimenting with how to allocate a portfolio for the new year with JEPI, JEPQ, DGRW, SCHD & SPYI. I am also thinking about throwing in some SVOL. It's just a bit tricky to determine percentages because I don't want to sacrifice growth just for income.
I understand and growth needs to be a part of it for me. I look at it as an individual bucket in my portfolio but still want overall growth with some income.
Great video as always. With the pivot on the horizon, I think it's as good a time as ever to start rotating into plays such as this. I personally am bullish on the utilities sector for the next year or two and see the overall market trading sideways more or less. I always recommend your channel when the opportunity exists!
Thanks! Much appreciated. I like utilities assuming rates are coming back down.
Interesting! I am from Ohio myself, though from the Cleveland area. JEPQ, at the moment, seems to be the king of covered call ETFs.
JEPQ had a great year. Not quite QQQ but still good. I'm in Columbus.
MAXI is a lesser known ETF from Simplify that has performed well this year. CONY and SQY are some newer ETFs from Yieldmax that have performed well this year.
You would need a lot of capital for this to make a difference. I prefer the Yieldmax and Defiance ETFs for the title "High Yield." Yes there's nav erosion but you end up in the green with reinvestment.
Hi. If you are reinvesting anyway, why does the yield matter? I know 8% is not comparable to what those others advertise but in the end, it boils down to total return.
Take yield max / klip , defiance ETFs dividend and take then get dividend growth stocks . Copy Darth dividend strategy. It works well for me
Yup. You will be in the green but end up with more value simply holding the stocks. Check the charts.
@@dogelife7901 Are you talking about yieldmax/underlying asset? I think you're right until the parabolic nature of DRIP begins to work.
@@dogelife7901 also something holding the underlying asset doesn't get you is that with the defiance/YM funds you end up getting your principle back in 1.5-2 years through the divs without having to sell the ETF.
My income soup bowl has thickened from a thin broth to a hearty chowdah' thanks to your evaluations. Would love to see a portfolio reveal soon to compare notes.
In the works!
I will wait for the SWAMI fund, it knows the future.
I'm all in on SWAMI.
Thanks . I can’t believe I did not hear about this until now . TSLY really kicked this all off
Try 4 roses bourbon whiskey with add touch of Wild Turkey American Honey to taste and a splash of water. Both are 40% and they are a good starting point when blended together.
I toured both of those a few years back. If I get a couple bottles I will give it a try.
Both GPIQ and GPIX from Goldman Sachs have .29% expense ratios. This is because of a temporary .06% waiver.
That is why I love this! I learn about all these new ones!
Enjoy your videos. For these type of funds that are selling upside calls, but not on the actual underlying equities, can’t you lose both ways in that if the market goes up, you can lose on the call options, but if the equity is not being called away at a higher price and then goes down. You can lose on your equity as well? Also, have you taken a look at poct yet? Would love to hear your opinion on it.
Hi. You can have a situation with this one where the Russell 1000 is not performing well but the S&P is rising. If the calls are against the SPY (as they are currently) you would take a double L. However, it would also allow for a double win.
I have not looked at POCT but will pull it up. Thanks!
I'm more of an IPA investor; I enjoy the 7.2% return.
That works for me!
It's absolutely the best whiskey I've ever had
I doubt I could tell the difference. I just can't develop a taste for it.
The expense ratio is in the same range as Goldman Sachs, GPIQ and GPIX. I believe these two are trying to copy JEPI and JEPQ.
I will certainly check those out as well!
I start to worry that covered call ETFs are reaching a "jump the shark" moment. Every day there's another new one. When everyone and their brother has a covered call ETF, won't the options premiums necessarily go down overall, because everyone is pursuing the same strategy? With so many more calls being sold, one would think the price buyers will have to pay for the calls will go down, thereby lowering the income from selling the call.
I have thought the same thing,and someways is good for option buyers
HEY!!! O-H. Springboro on the channel. Nice work! Just got invested into QQQY / IWMY / FEPI / SPTL. Loving them so far for the monthly dividends !!!
I-O! I'm in Columbus. Good luck with the income.
"Hiatus", as in from the GR-07/08 ? Ok so moving on. It's been something of a mystery to me why none of offerings of recent options funds haven't targeted the Russell 1000. I grew a large share of the money I have working for me in a Russell 1000 growth fund in my working years.
8%. I can remember when that was a Good Dividend. It doesn't seem like that long ago. Recently, 8% is approaching ho-hum status. (Can you say TLTW and 18%).
But I do hear Sincerity in your voice. We think alike.
I will put it on a watch list. I would like an Income vehicle in the R-1000 space. Diversification is Good.
I understand but we are only looking at 1 distribution on a brand new fund... and total return is the final comparison.
I think we will have to wait and see.
Plenty of options to pick from these days!
Not for me, but you made a great presentation. New subscriber.
Thanks!
You prob make more money buying bottles of PVW. Appreciation of that alcohol is very good and if the market tanks, you can at least drink it.
Ha! You might be right.
What’s your take on emerging market bond funds like MSD? Stumbled on this and was blown away by the yields on some of these funds. Nav looks like any other high yield but the 10yr total return looks nice.
I have not looked at them closely but will look at MSD. One more way to approach bonds!
FYI The new GPIQ and GPIX ETFs from Goldman Sachs also charge .29%
I have heard that from a few others. I will be checking them out.
So far (2 months) they have exceeded the others in both capital appreciation and dividends.
i hear (from another youtuber) that pappy van winkle may be a good buy and hold forever investment 🤯
That may be right! Who was it?
that was best of us investors. kerry use to have some interesting content, not so much anymore, but in a couple of videos he did talk about pappy van winkle. it was interesting
@@tonyscinemascope Thanks. Will check it out. I see the BTC vs Pappy video!
have you not considered just rolling the calls out
I always consider it but... Those banking stocks seem to be running away. I don't want to fight it at the moment. Let them run!
Do you do any research/investments in closed end funds?
Do you have one in mind? I do not own any. I usually get turned off by the fees but happy to take a look.
What do you think of Bali?
Looking at it now and should be my next video. So far so good.
Cool I'm from Ohio too north west.
Columbus here.
@@wealthadventures nice I spent a lot of my childhood visiting family they used to live in Hilliard. Now they live in Marysville a little more calm lol Columbus is a booming city that's for sure.
@@Keto_Mike Nice! I lived in Hilliard for a bit.
😊
I hate bourbon too so delicately no Pappy for me. Now tequila on the other hand......
Wine and beer. I'm the weak link.
Throw this in your mix TLTW? Rates go down this goes up?
Hi. True but if rates are coming down perhaps it would be better to be selling puts on TLT vs selling calls and limiting the upside. I wish they had flexibility with TLTW.
I don't see options for this for sell? interesting? @@wealthadventures
Small cap stocks have performed well in the past month. If this trend continues, then PAPI could be a good option for income investors.
Yes. I like the diversity myself.
This sounds similar to RYLD.
In some ways but I like the OTM calls vs ATM.
Looks interesting. They mention tax efficiency, so I wonder what they will try to do in that regard.
I was going to look and see if they have anything in the prospectus.
I wonder if they will do a return of capital like SPYI for tax efficiency
Looks like the first distribution was all income, but maybe they do not have cap gains or other ways to classify the distributions yet. @@wealthadventures
Walker John Harris Jessica Thomas Susan
PAPI, oh my PAPI ! I walked a million miles for one of your smiles.......oh, hang on a minute......thats MAMMY , oh hang on a minute....that is probably politically incorrect these days ! lol (Ok, I'll let myself out). ....
Just vote for UBI and get paid from the rich