I did the link to free portfolio then says to go to my email but Ive looked everywhere and find nothing? Would really like to receive this monthly. Thanks
That's unusual...not sure what happened. The newsletter software needs to verify you so it will send an email to that effect. Check your spam folder. If that doesn't work, I can only suggest using a different email. Last resort is to check for the latest edition here:armchairinsider.beehiiv.com/
Excellent! I know this question is newbe like but where are you seeing the NAV? I see it sometimes but not always. I'm looking to add WDI and trying to see if its still discounted since this video release. Thanks!
That's a good question. Expenses are deducted before the distributions to investors so they don't cancel each other out. However, your point is that the numbers are high and I agree. I can't find a simple breakdown of expenses anywhere. I reviewed the 2023 Annual Shareholder report and my math shows expenses paid to the fund of 2.92% which is very high. Another 2.11% went to interest expense. That's a total of 5.02% of assets. These calculations were based on the statements on pages 14 and 15 of the Report, linked below. I'll contact the fund manager to ask for a breakdown. 2023 Annual Report: eng2e.seismic.com/i/mKNjHc0YBWBDxqQbImP2Gx1vs3aFFC0a1FOIWC07ZAfSz9m6j15okfk3yYvToCM1DPLUSSIGNk___5OePc___Qcaw3GuQHzBPLUSSIGNQ5lYOu7pXOVIPLUSSIGN9ieePLUSSIGNGrZmeRuagAfCPLUSSIGNkMZgqFNW5uJ
Love your channel, my philosophy is the same as I am retired ( age 67) and use the income approach, but a quick question do you use any Puts on the spy or other index to have some protection incase of a downturn? I use them sparingly but just put some on this week as I do like to hold my investments but do not want to incur a 30-50% downtown especially one that could last 10 years or longer...
Thanks for your feedback. I don't use protective puts because I'm younger than you can can ride out volatility. Using them makes sense if you want to reduce potential price corrections and don't mind the expense.
I sold PFN two years ago and bought FRA. PFN pays about 1% more in monthly dividends, but the price is down -35% over the last three years, FRA is up +1% in the same time period, so way ahead of PFN in total return. Other than that I like your portfolio and you gave me a couple of good ideas, thank you !
I sold it because it's too reliant on the direction of interest rates. While waiting for interest rates to fall, TLTW can lose value. Originally I thought that interest rates would fall within months (everybody did). Turns out they didn't and I've come to realize that nobody knows when they will fall, not even Jerome. Even though I like investments that will benefit from interest rates cuts, I don't want to be dependent on that happening soon.
Have you looked at your total asset allocation (fixed income vs equity)? Seems like you may be awfully heavy in fixed income at a time when nobody really knows with confidence where interest rates will go. This would especially concern me given that all your other choices tend toward being interest rate sensitive. I love certain of your choices like OBDC. Also, since I'm looking for a potential replacement for FGB in case it gets merged into a fund I like a lot less--you offer several and thanks. Regarding your investment in PFN, have you taken a look at MSD? I recently went searching for an emerging markets debt fund and that seemed the best to me. At least over the last 2 years it has a better record than PFN, yields 11.22%, and sells at an almost 8% discount.
My top 10 largest holdings are more weighted to equities, but I do currently have some exposure to fixed income because its paying quite well. Nobody ever know what will happen to interest rates so I don't see that as a factor. If rates fall, it won't be a massive drop overnight. There will be time to rotate out of those fixed income investments that are currently profiting from lending at variable rates. I would be more nervous to be 100% reliant on equities. I haven't looked into MSD. Over the past 1 year (or 2 as you mentioned), MSD has outperformed PFN for total return. Over 5 years they're equal and over 10 years, PFN is a long way ahead. So it depends on the timeline. Thanks for the suggestion :)
Hi mate. Great video as usual. I'm not sure what you mean that MAIN has yield too low. Cost on yield? I bought MAIN at 40$ so ma yield is 7.20% (not including all those juicy special divs). I remember you holding MAIN when it was way under 40$, so your true yield should be way higher
It comes down to current yield vs yield on cost. I'm more focused on current yield because I'm always looking to optimize my portfolio for maximum income. MAIN is a great long term hold because the income grows and so does the price. My approach is that when value has increased, I can take that cash and make....say 10% elsewhere instead of 6%...and in so doing, my monthly income increases. Also to argue for your approach, because MAIN's income grows by itself, it's not necessary to reinvest a portion of it to stay ahead of inflation...so MAIN's yield is equivalent to a slightly higher yield that doesn't grow. Either approach works.
Great video as always. Quick question: what’s your take on YieldMax? Not a fan? Some people seem to love them but they tend to have huge NAV decay so not sure they’re sustainable…. Curious about your views
Thanks! I don't own any YieldMax funds for the reason you gave, NAV erosion. Second to that is the single stock concentration. Their YMAX ETF addresses problem #2 to a large extent and its performance so far is good. However, it was launched during a tech bull run so there's not much data to assess it. I'll keep an eye on that one and if it can bounce back after a tech correction I'd be open to looking into it more seriously.
MTBA is outside my wheelhouse at a sub 6% yield. I haven't looked into it. Glad you enjoy the channel! Thanks for watching and taking the time to type out your feedback.
GREAT video.... Your work is outstanding...... Great work on your portfolio. Love the series that you just did on the overall Portfolio Reveal. Please be well - Keep up the great work.
Quite a few on this list that I'm not familiar with, though I do hold BST, MAIN and JEPI. As you mentioned, I'm evaluating a rebalance in the SPX CC space to give more emphasis to SPYI. I'm also considering an experimental position in ISPY to see how that goes. I also consolidated some tech-centric funds that were under-performing (believe it or not) and didn't meet my yield goals and pointed those funds to BST, for better or worse. We'll see how it goes. Top of my research list right now is one that you mentioned early on: WDI. It's still new-ish but the chart looks like it's found it's "balance point" where the NAV and Yield charts look like they've reached operating temperature, so to speak. Yield on cost is positive over the past year which I find encouraging. Thanks for another great video!
Thanks for your feedback. My goal is to share at least 1 new idea or piece of information (for anybody watching) in every video so this time...it worked!
Do you not hold any cash via money market or other in your portfolio? If so what percentage? Can you describe your money management? Without being to detailed of course. I’m about 20% cash with a goal of 30%. Everything else is high yielding like yours, different picks though.
Interesting question. I don't hold any cash, although at the moment it can earn 5% which isn't too bad. I don't believe in market timing so I don't belong to the "I'm waiting for a correction then I'll go all in" philosophy. My portfolio delivers just over 10% in yield so cash nets me a 5% loss in terms of opportunity cost. To sit on cash I'd need to be very confident that waiting and buying during a correction would deliver a return that far exceeds that 5% opportunity cost. There are also arguments for keeping X months or years of cash for emergencies. I think that number depends on your lifestyle (monthly expenses and debt) and personality...whatever lets you sleep well at night. I maintain a zero balance on credit cards and have enough access to credit to cover an emergency if my insurance doesn't pay. I have no debt, and my cost of living is low apart from travel, but that's discretionary.
The split doesn't affect my opinion of GLAD; it doesn't change anything. The market initially sold off for a brief period....probably because of confusion, but then the price rebounded.
Love this channel , its exactly what I want to do in the very near future. One question , what is it that you fear most from each investment, capital erosion, fund collapsing, freezing withdrawals etc. ?
Thanks for your feedback. My #1 priority is to avoid dividend cuts. It's impossible to be 100% effective at that but if I can keep them to a minimum then the income grows through a combination of organic growth (eg from some BDCs and mREITs) and reinvestment of some of the income. #2 would be avoiding NAV erosion but that's much easier because its a slow problem. A dividend cut can happen in 1 day. NAV erosion is usually very slow and measured over months or years.
@@armchairincomechannel really? i'd think nav erosion would be #1 if the price keep dipping day after day or even month after month, your dividend will get less. if the etf or single stock cut its dividend i'd just sell and move to other etf or stocks... much faster. lol
Good video ! Continue your good works! BTW, between all your position in high yield funds, what are those you may consider less exposed to stock market correction? Theses would be kind of hedges against stock market correction and insure to be able to cross a downturn without having to sell stocks
I plan to continue holding most of my positions in a downturn. The prices will fall but I've picked stocks and funds that are less likely to cut dividends (no guaranty!). If/when the Fed cuts rates I'll look at reducing my exposure to fixed income as they're currently profiting from high rates. During a downtown my portfolio value will fall and the cash I use to buy more high income stocks will be buying at a higher yield...ie more income per dollar spent. So there's good and bad about boom vs bust.
Thank you for sharing your portfolio. The only position I have in common with you was MAIN, which I plan to sell shortly due to the relatively low dividend and the premium to NAV.
Of all the stocks I wouldn't sell, MAIN is at the top of the list. Research it before you make that mistake. I could see trimming, but this is a very good stock.
I wondered if you ever wrote covered calls against any of your holdings to increase cash flow etc? I am tempted but the dividend income is the most important thing for me and risking assignment is not an attractive "option" (!). Coupled with the faffing about in trading CC's, I just don't have the real inclination - what are your thoughts? Thanks
I'm interested in hearing Armchair Income's thoughts on this, too. Personally, I will generate some income by selling cash secured puts on something I would be fine with owning, but like you, I'm not that big on covered calls.
I don’t think he would be able to sell covered calls well on most, if not all, of his holdings. To be able to have a good premium for selling there needs to be both high daily trading volume and significant volatility.
Funny you should ask...I'm planning a video on this topic for the coming month :) The answer is "yes". I sold covered calls back in 2018 and it worked but I didn't enjoy it as much as I enjoy other aspects of income investing so it felt like work. There are specific requirements that don't easily match up with my portfolio so I was buying/holding stocks for that purpose rather than just writing calls on my existing holdings. I don't do it now and my opinion is that it's suitable for investors who enjoy the process. I have a friend who does it as a hobby and loves it!
It depends on your tax residency. I don't have recent experience as an Australian tax resident but a quick search showed a 15% withholding rate based on the US/Australia tax treaty. For that to apply, rather than the 30% default rate would require lodging a Form W-8BEN via your broker. Additionally, its worth having a tax professional calculate the actual tax due and if its less than 15% (likely), then file a tax return with the IRS to receive a refund for the difference. See article 10 of the treaty here: www.irs.gov/pub/irs-trty/aus.pdf
I'm one of those more conservative and risk adverse income investors who loves MAIN. It doesn't have a huge yeild but it's safe. And I bought a bunch when it was much, much cheaper.
I am waiting for one of those opportunities again. Or maybe I should dive in right now. Annual dividend is $2.94. Plus .60 cents special dividend this raises the yield to 7.22%
I don't own any YieldMax funds for 2 reasons, #1 NAV erosion. Second to that is the single stock concentration. Their YMAX ETF addresses problem #2 to a large extent and its performance so far is good. However, it was launched during a tech bull run so there's not much data to assess it. I'll keep an eye on that one and if it can bounce back after a tech correction I'd be open to looking into it more seriously.
Thanks for sharing. BIZD has a lower expense ratio but PBDC has been outperforming on a total return basis. Too early to say which is better at this point.
Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"):
armchairincome.link/snow
These videos are gold. Among the best on YT. Thank you!
I appreciate your kind words; it's great motivation to make more videos :)
Honey wake up, time to rebalance our portfolio
Thanks for the laugh, I appreciate your humor!
Porqué no Hrzn?
I am loving this series. You should continue to post video updates on this portfolio
Great to hear that. Thanks for the feedback!
I did the link to free portfolio then says to go to my email but Ive looked everywhere and find nothing? Would really like to receive this monthly. Thanks
That's unusual...not sure what happened. The newsletter software needs to verify you so it will send an email to that effect. Check your spam folder. If that doesn't work, I can only suggest using a different email. Last resort is to check for the latest edition here:armchairinsider.beehiiv.com/
Wonderful stuff. How does one get on your email list?
Thanks! Glad you enjoyed it. Here's the link to join the email list: armchairinsider.beehiiv.com/subscribe
Excellent! I know this question is newbe like but where are you seeing the NAV? I see it sometimes but not always. I'm looking to add WDI and trying to see if its still discounted since this video release. Thanks!
Thanks for watching! The NAV can be seen using CEFConnect.com Here's a link: www.cefconnect.com/fund/WDI
This is an excellent video. Thank you. I've watched it several times now.
Glad you found it useful. Make sure to sign up for the newsletter as I can't edit/update videos once they're published and...things change :)
do you put stops on your stocks you hold?
No. I explained why, in detail at the 12:56 mark of this video: ruclips.net/video/F6PtSt3Fhok/видео.html
FSCO is new to me so i did a quick scan, the expense ratio is 7.53%... really? that's higher than most of the dividend yield... lol
That's a good question. Expenses are deducted before the distributions to investors so they don't cancel each other out. However, your point is that the numbers are high and I agree. I can't find a simple breakdown of expenses anywhere. I reviewed the 2023 Annual Shareholder report and my math shows expenses paid to the fund of 2.92% which is very high. Another 2.11% went to interest expense. That's a total of 5.02% of assets. These calculations were based on the statements on pages 14 and 15 of the Report, linked below. I'll contact the fund manager to ask for a breakdown.
2023 Annual Report: eng2e.seismic.com/i/mKNjHc0YBWBDxqQbImP2Gx1vs3aFFC0a1FOIWC07ZAfSz9m6j15okfk3yYvToCM1DPLUSSIGNk___5OePc___Qcaw3GuQHzBPLUSSIGNQ5lYOu7pXOVIPLUSSIGN9ieePLUSSIGNGrZmeRuagAfCPLUSSIGNkMZgqFNW5uJ
@@armchairincomechannel thanks, would be nice to get more understanding about the fund.
Love your channel, my philosophy is the same as I am retired ( age 67) and use the income approach, but a quick question do you use any Puts on the spy or other index to have some protection incase of a downturn? I use them sparingly but just put some on this week as I do like to hold my investments but do not want to incur a 30-50% downtown especially one that could last 10 years or longer...
Thanks for your feedback. I don't use protective puts because I'm younger than you can can ride out volatility. Using them makes sense if you want to reduce potential price corrections and don't mind the expense.
I sold PFN two years ago and bought FRA. PFN pays about 1% more in monthly dividends, but the price is down -35% over the last three years, FRA is up +1% in the same time period, so way ahead of PFN in total return. Other than that I like your portfolio and you gave me a couple of good ideas, thank you !
I've been watching FRA and agree it looks very interesting! Thanks for sharing your investment ideas.
Surprised TLTW did not make it to the top 30. Interest rates will go South eventually correct?
I sold it because it's too reliant on the direction of interest rates. While waiting for interest rates to fall, TLTW can lose value. Originally I thought that interest rates would fall within months (everybody did). Turns out they didn't and I've come to realize that nobody knows when they will fall, not even Jerome. Even though I like investments that will benefit from interest rates cuts, I don't want to be dependent on that happening soon.
Have you looked at your total asset allocation (fixed income vs equity)? Seems like you may be awfully heavy in fixed income at a time when nobody really knows with confidence where interest rates will go. This would especially concern me given that all your other choices tend toward being interest rate sensitive.
I love certain of your choices like OBDC. Also, since I'm looking for a potential replacement for FGB in case it gets merged into a fund I like a lot less--you offer several and thanks.
Regarding your investment in PFN, have you taken a look at MSD? I recently went searching for an emerging markets debt fund and that seemed the best to me. At least over the last 2 years it has a better record than PFN, yields 11.22%, and sells at an almost 8% discount.
My top 10 largest holdings are more weighted to equities, but I do currently have some exposure to fixed income because its paying quite well. Nobody ever know what will happen to interest rates so I don't see that as a factor. If rates fall, it won't be a massive drop overnight. There will be time to rotate out of those fixed income investments that are currently profiting from lending at variable rates. I would be more nervous to be 100% reliant on equities. I haven't looked into MSD. Over the past 1 year (or 2 as you mentioned), MSD has outperformed PFN for total return. Over 5 years they're equal and over 10 years, PFN is a long way ahead. So it depends on the timeline. Thanks for the suggestion :)
Hi mate. Great video as usual. I'm not sure what you mean that MAIN has yield too low. Cost on yield? I bought MAIN at 40$ so ma yield is 7.20% (not including all those juicy special divs). I remember you holding MAIN when it was way under 40$, so your true yield should be way higher
It comes down to current yield vs yield on cost. I'm more focused on current yield because I'm always looking to optimize my portfolio for maximum income. MAIN is a great long term hold because the income grows and so does the price. My approach is that when value has increased, I can take that cash and make....say 10% elsewhere instead of 6%...and in so doing, my monthly income increases. Also to argue for your approach, because MAIN's income grows by itself, it's not necessary to reinvest a portion of it to stay ahead of inflation...so MAIN's yield is equivalent to a slightly higher yield that doesn't grow. Either approach works.
Great video as always.
Quick question: what’s your take on YieldMax? Not a fan? Some people seem to love them but they tend to have huge NAV decay so not sure they’re sustainable…. Curious about your views
Thanks! I don't own any YieldMax funds for the reason you gave, NAV erosion. Second to that is the single stock concentration. Their YMAX ETF addresses problem #2 to a large extent and its performance so far is good. However, it was launched during a tech bull run so there's not much data to assess it. I'll keep an eye on that one and if it can bounce back after a tech correction I'd be open to looking into it more seriously.
Also enjoy your content, great list, would you consider MTBA by simplify, not the highest yield yet great potential? Thank you
MTBA is outside my wheelhouse at a sub 6% yield. I haven't looked into it. Glad you enjoy the channel! Thanks for watching and taking the time to type out your feedback.
GREAT video.... Your work is outstanding...... Great work on your portfolio. Love the series that you just did on the overall Portfolio Reveal. Please be well - Keep up the great work.
Thanks for your positive feedback. It doesn't feel like work because I love talking about income investing :)
Quite a few on this list that I'm not familiar with, though I do hold BST, MAIN and JEPI. As you mentioned, I'm evaluating a rebalance in the SPX CC space to give more emphasis to SPYI. I'm also considering an experimental position in ISPY to see how that goes. I also consolidated some tech-centric funds that were under-performing (believe it or not) and didn't meet my yield goals and pointed those funds to BST, for better or worse. We'll see how it goes.
Top of my research list right now is one that you mentioned early on: WDI. It's still new-ish but the chart looks like it's found it's "balance point" where the NAV and Yield charts look like they've reached operating temperature, so to speak. Yield on cost is positive over the past year which I find encouraging.
Thanks for another great video!
Thanks for sharing all that. Sounds like a well though out approach. Best of luck with your investing!
Thank you for the video. What are your thoughts on cornerstone (CLM or CRF)?
The huge dividend is enticing, but the long term NAV erosion puts me off... so not my cup of tea.
Really enjoyed this video and the series on your holdings.
Glad you enjoyed it! I thought it would be 30 seconds on each but it ended up being much longer.
Awesome Report! Thanks for these very informative videos. They are very helpful!
Glad you like them!
Thank you! Another informative video and you’ve piqued my interest in one of the ones you covered. I’ll enjoy the homework.
Thanks for your feedback. My goal is to share at least 1 new idea or piece of information (for anybody watching) in every video so this time...it worked!
I ALWAYS keep an eye for your YT contents.......BRAVO
Like a stalker? Just kidding. Thanks for watching, as always.
Was waiting for!!!😊
Hope you enjoy :)
Do you not hold any cash via money market or other in your portfolio? If so what percentage? Can you describe your money management? Without being to detailed of course. I’m about 20% cash with a goal of 30%. Everything else is high yielding like yours, different picks though.
Interesting question. I don't hold any cash, although at the moment it can earn 5% which isn't too bad. I don't believe in market timing so I don't belong to the "I'm waiting for a correction then I'll go all in" philosophy. My portfolio delivers just over 10% in yield so cash nets me a 5% loss in terms of opportunity cost. To sit on cash I'd need to be very confident that waiting and buying during a correction would deliver a return that far exceeds that 5% opportunity cost. There are also arguments for keeping X months or years of cash for emergencies. I think that number depends on your lifestyle (monthly expenses and debt) and personality...whatever lets you sleep well at night. I maintain a zero balance on credit cards and have enough access to credit to cover an emergency if my insurance doesn't pay. I have no debt, and my cost of living is low apart from travel, but that's discretionary.
@@armchairincomechannel
Thank you
I appreciate your response
@Armchair Income: I still see you have GLAD in your portfolio, what is your input on it since a reverse split was announced back in April?
The split doesn't affect my opinion of GLAD; it doesn't change anything. The market initially sold off for a brief period....probably because of confusion, but then the price rebounded.
Excellent as usual. Thank you!
I appreciate you taking the time to let me know! Thanks for watching :)
Love this channel , its exactly what I want to do in the very near future. One question , what is it that you fear most from each investment, capital erosion, fund collapsing, freezing withdrawals etc. ?
Thanks for your feedback. My #1 priority is to avoid dividend cuts. It's impossible to be 100% effective at that but if I can keep them to a minimum then the income grows through a combination of organic growth (eg from some BDCs and mREITs) and reinvestment of some of the income. #2 would be avoiding NAV erosion but that's much easier because its a slow problem. A dividend cut can happen in 1 day. NAV erosion is usually very slow and measured over months or years.
@@armchairincomechannel really? i'd think nav erosion would be #1 if the price keep dipping day after day or even month after month, your dividend will get less. if the etf or single stock cut its dividend i'd just sell and move to other etf or stocks... much faster. lol
Good video ! Continue your good works! BTW, between all your position in high yield funds, what are those you may consider less exposed to stock market correction? Theses would be kind of hedges against stock market correction and insure to be able to cross a downturn without having to sell stocks
I plan to continue holding most of my positions in a downturn. The prices will fall but I've picked stocks and funds that are less likely to cut dividends (no guaranty!). If/when the Fed cuts rates I'll look at reducing my exposure to fixed income as they're currently profiting from high rates. During a downtown my portfolio value will fall and the cash I use to buy more high income stocks will be buying at a higher yield...ie more income per dollar spent. So there's good and bad about boom vs bust.
@@armchairincomechannel good way of thinking. Thanks for sharing !
Thank you for sharing your portfolio. The only position I have in common with you was MAIN, which I plan to sell shortly due to the relatively low dividend and the premium to NAV.
Thanks for sharing, and hopefully at some point we'll have another stock or fund in common.
Of all the stocks I wouldn't sell, MAIN is at the top of the list. Research it before you make that mistake. I could see trimming, but this is a very good stock.
I like the last high income plan: #31-37.
Thanks for watching :)
I wondered if you ever wrote covered calls against any of your holdings to increase cash flow etc? I am tempted but the dividend income is the most important thing for me and risking assignment is not an attractive "option" (!). Coupled with the faffing about in trading CC's, I just don't have the real inclination - what are your thoughts? Thanks
I'm interested in hearing Armchair Income's thoughts on this, too.
Personally, I will generate some income by selling cash secured puts on something I would be fine with owning, but like you, I'm not that big on covered calls.
I don’t think he would be able to sell covered calls well on most, if not all, of his holdings. To be able to have a good premium for selling there needs to be both high daily trading volume and significant volatility.
Funny you should ask...I'm planning a video on this topic for the coming month :) The answer is "yes". I sold covered calls back in 2018 and it worked but I didn't enjoy it as much as I enjoy other aspects of income investing so it felt like work. There are specific requirements that don't easily match up with my portfolio so I was buying/holding stocks for that purpose rather than just writing calls on my existing holdings. I don't do it now and my opinion is that it's suitable for investors who enjoy the process. I have a friend who does it as a hobby and loves it!
and.. .. love the groovy music 🎶
I think its a toe tapper. Glad somebody else feels the same.
How do Australians deal with withholding tax on US funds?
It depends on your tax residency. I don't have recent experience as an Australian tax resident but a quick search showed a 15% withholding rate based on the US/Australia tax treaty. For that to apply, rather than the 30% default rate would require lodging a Form W-8BEN via your broker. Additionally, its worth having a tax professional calculate the actual tax due and if its less than 15% (likely), then file a tax return with the IRS to receive a refund for the difference. See article 10 of the treaty here: www.irs.gov/pub/irs-trty/aus.pdf
@@armchairincomechannel thanks!
I'm one of those more conservative and risk adverse income investors who loves MAIN. It doesn't have a huge yeild but it's safe. And I bought a bunch when it was much, much cheaper.
It's one that you can set and forget; wonderful company.
I am waiting for one of those opportunities again. Or maybe I should dive in right now. Annual dividend is $2.94. Plus .60 cents special dividend this raises the yield to 7.22%
consider if its in a down market, doesn't matter where you put your money at, it will go down. its all depend how much.
Thank you for sharing your hard work for free.
My pleasure! I do this research for myself anyway, so better to share it with people who also enjoy income investing, and exchange ideas. 💡
I like REFI but it pays quarterly
Interesting play on the Cannabis biz. I don't follow that sector but if you do, there are probably some great opportunities there.
Who is your video assistant? Great info and presentation.
Thanks for your kind words. Assistant? Do you mean an editor? I do everything myself including editing; no assistant.
Your video vanna white?
You are the man! Thanks for sharing
Thanks for watching, and for boosting my ego for a minute or two :)
How about ymax for u ?🎉
I don't own any YieldMax funds for 2 reasons, #1 NAV erosion. Second to that is the single stock concentration. Their YMAX ETF addresses problem #2 to a large extent and its performance so far is good. However, it was launched during a tech bull run so there's not much data to assess it. I'll keep an eye on that one and if it can bounce back after a tech correction I'd be open to looking into it more seriously.
solid video, thanks
Glad you liked it!
Awesome as always! Thank you!
You are so welcome!
Great series
Thanks! Glad you found is useful.
Thank you very much for another wonderful video 👍🙏
Glad you enjoyed it and thanks for watching:)
Thw>Thq
Thanks for watching :)
Great video !!
Glad you enjoyed it!
What happened to JEPQ?
JEPQ is currently my second largest holding. I covered it in the first video in this series.
@@armchairincomechannel I flipped out of it in exchange for QQQI, SPYI's little sister. It pays way more and is more tax efficient.
Interesting list. Fwiw I have been folding a lot of my BDC positions into BIZD. Kind of prefer it over PBDC.
Thanks for the video!
Thanks for sharing. BIZD has a lower expense ratio but PBDC has been outperforming on a total return basis. Too early to say which is better at this point.