This video is one reason why I enjoy your channel. You bring content that is from a different perspective, instead of the repetitive copy cat narrative that the majority of content creators in this space put out. Well done. Hopefully the serious treatment you provide on topics such as this will drive other financial professionals,, such as Mr. Paolella, to appear on your channel.
I appreciate your encouraging feedback. You won't see any "market crash is coming" or "stock picks to make you rich" videos on this channel! I'm working on more interviews for 2024...
I love my SPYI........QQQI will be my next..........a big THANK YOU for your time and effort. The man you have interviewed always comes across as very genuine.....knowledgeable and most of all he inspires TRUST..... 😊
1. I like the professionalism with which you conduct your work. So many of the other youtubers look like shills, shallow, and in many cases don't seem to understand the basics. 2. When you have this guest on next, you should ask more details about how the out-of-the-money calls work. They own stocks, but are selling options on an index. How does it work if the call they sold is "in the money" during expiration day? is it settled for cash? do they lose shares of the stocks? disclosure: I own SPYI.
Thanks for this video - I really like Garrett's approach and disposition - big focus on data and doing the right thing w/rules - KEY! Excellent product and excellent returns with solid back testing...exciting!
Thanks for bringing different perspective to a fund manager interview! I really liked to know the “mechanics” and regulations steps to a ETF launch ! Interviews with managers are some of the best video I watch on different investing channels like yours and PII. Keep up the good works !
love this look into how it works behind the scenes...i have been impressed with SPYI to this point...i bought into QQQI the day it was released because of how impressed i was....looking forward to future NEOS funds!!
Really excellent interview! Thoughtful questions, I learned a ton. I’m a SPYI holder and very happy with the results. I’m 99% sure that QQQI will be my next investment.
Very interesting, valuable and well conducted interview. I have confidence in this firm, I own SPYI. I might eventually move my JEPQ to QQQI because NEOS seems more consistent in their distributions.
As always, a very good interview. Have owned a decent position in SPYI for the last 6 months and am very happy with its performance and distributions. Will definitely be following QQQI and likely will at least dabble a bit.
Lol. I really enjoy the personality you bring to these videos! I listen to all of your videos as soon as I can because you are one of the most informative channels in this space.👍🏼
spyi has been a very consistent fund, which i appreciate. It does have tax advantages in comparison to jepi/jepq. according to my taxes over 1/3 of my dividends from spyi aren’t even taxed, i was not expecting that. I assume qqqi would have similar tax efficiency. i’m excited, it’s always nice to diversify your portfolio. BTW, ❤ this channel and your analysis. Thanks Armchair Income!
The tax efficiency is great. The return of capital isn't tax free, it's just more flexible and at a lower rate for most people. It lowers your cost basis and when you sell you pay capital gains tax, which is generally less than income tax. If you're a non-US tax resident then....capital gains is tax free.
You’re welcome. They should be available on every major US brokerage…Schwab, E*Trade, etc. For Non-US investors they are available on Interactive Brokers.
@@armchairincomechannel thanks again. We retail EU investors are not allowed to trade neither SPYI nor QQQI. We are censored by our Governments even more than US citizens. They don't want us to prosper: 'Own Nothing and Be Happy'.
Thank you very much! Very interesting questions. I learned a lot about behind the scenes of ETFs. According to the 1st distribution, it looks like qqqi has 13.8% yield. I'll wait 2 more distributions to see if the nav don't drop more than the original asset (qqq)
I haven't done a deep dive on it but I like many of Pimco's funds. This one has a long history but the price premium over NAV is so high (25%+ is very high) that it's a non-starter for me. When the price premium falls closer to NAV I'd consider it.
I really enjoy your videos and your strategy. I am retiring soon and was thinking of allocating the bond portion of my portfolio to this 8% strategy. I did a test run with 22 different holdings with $700 in each one to see how it performs for a while to get a little bit of a test run your thoughts
What a pleasant surprise! My holdings in SPYI will have a sister fund that covers the NASDAQ. Is QQQI also tax efficient? If it is, count me in. Great video, awaiting part 2.
Awsome Interview thank you! I’d like to see some real estate covered call funds. There’s only one that I’m aware of -SRHR- so I think there’s plenty of room for competition, especially for Neos these guys are killing it
That's an interesting idea. Income depends on volatility so the premiums would be a bit lower but real estate is a sector most people want exposure to.
Love your channel--many thanks! Do you have a video that discusses exactly when to act on capital gains/losses? As a retired income investor, should I simply ignore them? Or are there specific limits/targets that should prompt me to buy/sell?
Thanks for your kind feedback. Regarding the timing of when to buy and sell, I haven't made a video about that. I generally I'm looking for buy and hold investments that deliver consistent income. I don't try to time the market because I don't think I (or anybody else) am good at it. Having said that, if an investment goes up in value so much that the yield is too low, I'll consider selling. Also, if there's a fundamental change that affects the reason for buying a stock, I'd also consider selling (eg shifting to a new business model I don't like). But for the day to day and month to month changes in price, I don't buy or sell.
As always an insightful & funny video and I wish the mgr well. However, I am reluctant to invest in a new fund, because I don’t even know what might go wrong and a lack of transparency to the operations. Listeners might be interested in a podcast, “Trillions” and their interview with a fund that closed after 6 yrs-it is estimated that 25% of all ETFs have closed.
@@MultiShiznit Really? I haven't experienced much of that at all, but I waited to purchase after it had been on the market awhile and did so on ex-dividend day. In the meantime the dividend is massive.
@@ronaldreagan6756 it seems as if you think a cheap asset price and large distribution equates to zero nav erosion and monster returns, which is quite the opposite of reality. An example would be the suppressed price gains of XYLD, compared to its underlying the sp500 which is at record highs while XYLD is near its lows. Please do your due diligence.
As explained below, QQQY suffers from NAV erosion. It's price trend is straight down, despite an exceptionally bullish market. Under the same market conditions, expect QQQI to experience modest price appreciation. The yield alone does not tell the story.
Good interview and good questions. Interesting, any bogus business including financial advisors can call me a dinner time to sell their stupid products and services, but an investment firm can not call me about their ETFs.
Yes, you can expect a higher yield than SPYI. The yield will be 12-15% on an annual basis, paid monthly, however it will also experience more volatility than SPYI...there's no free lunch :)
This fund was specifically designed for income so if they switched to growth I think the income investors would be upset. Thanks for sharing your suggestion, a covered call fund that reinvests for growth is an interesting idea!
I'm not very patient when it comes to investing. Waiting for a correction could be who knows when?? And u could actually wait for a correction and then buy and then the market keeps "correcting" a lot lower after u bought. So yeah... If I have cash I'm always anxious to put it to work 😂
Why invest in this when there is already JEPQ and FEPI? They have first mover advantage. The net assets on this one may not get high enough to prevent nav erosion before the coming big dip. High fees and late to the game. Pass
The fees are lower than FEPI and the strategy is based on a different index. JEPQ is a reasonable comparison and you're correct, JEPQ charges a lower fee. It will be interesting to see how performance compares between JEPQ (with active stock selection and passive option management) and QQQI (with passive stock selection and active option management).
@@armchairincomechannel well the expense on this one is .68% and FEPI is .65%, so essentially even. Do you know what the approximate monthly dividend will be for QQQI? 25%+ like FEPI or close to 10%+ like JEPQ?
➡My Favorite Dividend Tracker: Snowball (Create a Free Account, and the 10% Discount will appear under "Subscribe"):
armchairincome.link/snow
This video is one reason why I enjoy your channel. You bring content that is from a different perspective, instead of the repetitive copy cat narrative that the majority of content creators in this space put out. Well done. Hopefully the serious treatment you provide on topics such as this will drive other financial professionals,, such as Mr. Paolella, to appear on your channel.
I appreciate your encouraging feedback. You won't see any "market crash is coming" or "stock picks to make you rich" videos on this channel! I'm working on more interviews for 2024...
One of the best channels on RUclips. Please keep up the good work. Thanks
Very kind of you to say that. I appreciate your encouragement!
I love my SPYI........QQQI will be my next..........a big THANK YOU for your time and effort. The man you have interviewed always comes across as very genuine.....knowledgeable and most of all he inspires TRUST..... 😊
I have a similar perspective. Thanks for continuing to watch :)
Garrett has always seemed like a pretty straight shooter in all your videos. I own SPYI and will be watching QQI. Thanks for the videos !!
He’s up for answering any question I give him, which I appreciate. Thanks for watching :)
1. I like the professionalism with which you conduct your work. So many of the other youtubers look like shills, shallow, and in many cases don't seem to understand the basics. 2. When you have this guest on next, you should ask more details about how the out-of-the-money calls work. They own stocks, but are selling options on an index. How does it work if the call they sold is "in the money" during expiration day? is it settled for cash? do they lose shares of the stocks? disclosure: I own SPYI.
Thanks for your feedback and suggestions. We’ll dive into the options strategy in the next interview. 👍🏼
Thanks for this video - I really like Garrett's approach and disposition - big focus on data and doing the right thing w/rules - KEY! Excellent product and excellent returns with solid back testing...exciting!
Thanks for your feedback. I haven't found a question yet that he won't answer...but I'll keep trying :)
Hard not to like this guy. I bought some SPYI today in fact
Thanks for bringing different perspective to a fund manager interview! I really liked to know the “mechanics” and regulations steps to a ETF launch ! Interviews with managers are some of the best video I watch on different investing channels like yours and PII. Keep up the good works !
Thanks! I'm trying to make the content I'd want to watch, but have difficulty finding.
love this look into how it works behind the scenes...i have been impressed with SPYI to this point...i bought into QQQI the day it was released because of how impressed i was....looking forward to future NEOS funds!!
Thanks for your feedback. I've been satisfied with SPYI too.
@romes1551
Agreed. Prob the first video on the subject I’ve seen.
Glad you put an early video out on QQQI. I nibbled on it based on their track record with SPYI.
I'll be doing another video about QQQI within the next 1-2 weeks.
Really excellent interview! Thoughtful questions, I learned a ton. I’m a SPYI holder and very happy with the results. I’m 99% sure that QQQI will be my next investment.
Glad you enjoyed it and thanks for sharing. I've been happy with SPYI too.
Very interesting, valuable and well conducted interview. I have confidence in this firm, I own SPYI. I might eventually move my JEPQ to QQQI because NEOS seems more consistent in their distributions.
I have been adding to my SPYI position over time and plan to pull the trigger soon on a small position of QQQI.
i have been thinking the same thing of late...
I have a similar outlook. I still hold some JEPQ but there's also some rebalancing to QQQI gradually as it posts results.
Definitely need a follow up on this one! Really looking forward to seeing how this fund performs over the year. Especially compared to JEPQ.
My thoughts exactly!
Excited for this to be available in M1. Already own SPYI and love it
I'm a fan of both too. I hold multiple brokerage accounts to avoid annoying limitations and diversify risk.
It has a 10.5% dividend return which I think is right up your alley and a lot of the whole things at once. I’ve watched on your video.
It's looking like a good fit for me (and many others that prioritize consistent income over total return).
As always, a very good interview. Have owned a decent position in SPYI for the last 6 months and am very happy with its performance and distributions. Will definitely be following QQQI and likely will at least dabble a bit.
I share the same perspective as you :)
Lol. I really enjoy the personality you bring to these videos! I listen to all of your videos as soon as I can because you are one of the most informative channels in this space.👍🏼
Thanks for letting me know. A lot of investment interviews take themselves a bit too seriously for my taste :)
spyi has been a very consistent fund, which i appreciate. It does have tax advantages in comparison to jepi/jepq. according to my taxes over 1/3 of my dividends from spyi aren’t even taxed, i was not expecting that. I assume qqqi would have similar tax efficiency. i’m excited, it’s always nice to diversify your portfolio. BTW, ❤ this channel and your analysis. Thanks Armchair Income!
Thank you for sharing about the tax efficiency he speaks of with an example!!
The tax efficiency is great. The return of capital isn't tax free, it's just more flexible and at a lower rate for most people. It lowers your cost basis and when you sell you pay capital gains tax, which is generally less than income tax. If you're a non-US tax resident then....capital gains is tax free.
Can you tell me how the other 2/3rds where classified as please?
Interesting stuff. So far, I played it twice. "2 to 6 new funds should come out by year end" that should generate alot of rumors.
Thanks for letting me know you enjoyed it :) I'll be very interested to see the new ETFs as they become available.
Very good news ! Thank you very much ! Brilliant work !
Thanks for your kind words of encouragement, it's great motivation to keep making more videos :)
Thank you senores, very insightful.
De nada :)
The one I was waiting for! 😊
More to come!
Thanks for your work. Which broker platform offer SPYI, QQQI etc.?
You’re welcome. They should be available on every major US brokerage…Schwab, E*Trade, etc. For Non-US investors they are available on Interactive Brokers.
@@armchairincomechannel thanks again. We retail EU investors are not allowed to trade neither SPYI nor QQQI.
We are censored by our Governments even more than US citizens. They don't want us to prosper: 'Own Nothing and Be Happy'.
Bought some on the dip before Envidia report 😊
Nvdia is bonkers. I'm gradually buying too.
Thank you very much!
Very interesting questions.
I learned a lot about behind the scenes of ETFs.
According to the 1st distribution, it looks like qqqi has 13.8% yield.
I'll wait 2 more distributions to see if the nav don't drop more than the original asset (qqq)
Good idea, there's no rush to dive into a new fund.
Great info. I had been wondering about the process of creating a fund.
That makes 2 of us!
What do you think of PTY???
I haven't done a deep dive on it but I like many of Pimco's funds. This one has a long history but the price premium over NAV is so high (25%+ is very high) that it's a non-starter for me. When the price premium falls closer to NAV I'd consider it.
I really enjoy your videos and your strategy. I am retiring soon and was thinking of allocating the bond portion of my portfolio to this 8% strategy. I did a test run with 22 different holdings with $700 in each one to see how it performs for a while to get a little bit of a test run your thoughts
Thanks for watching and congrats on your upcoming retirement. Easing into a new investment strategy gradually is a good idea. There's no rush.
Thanks for the information. Keep up the great work.
Thanks for watching!
What a pleasant surprise! My holdings in SPYI will have a sister fund that covers the NASDAQ. Is QQQI also tax efficient? If it is, count me in. Great video, awaiting part 2.
Yes, it will be similarly tax efficient and we'll cover that and other details in the next interview :)
Awsome Interview thank you! I’d like to see some real estate covered call funds. There’s only one that I’m aware of -SRHR- so I think there’s plenty of room for competition, especially for Neos these guys are killing it
That's an interesting idea. Income depends on volatility so the premiums would be a bit lower but real estate is a sector most people want exposure to.
Quality content, thanks mate
Much appreciated
Very good insightful interview
Thanks for your feedback :)
Outstanding!
Glad you like it!
Love your channel--many thanks!
Do you have a video that discusses exactly when to act on capital gains/losses? As a retired income investor, should I simply ignore them? Or are there specific limits/targets that should prompt me to buy/sell?
Thanks for your kind feedback. Regarding the timing of when to buy and sell, I haven't made a video about that. I generally I'm looking for buy and hold investments that deliver consistent income. I don't try to time the market because I don't think I (or anybody else) am good at it. Having said that, if an investment goes up in value so much that the yield is too low, I'll consider selling. Also, if there's a fundamental change that affects the reason for buying a stock, I'd also consider selling (eg shifting to a new business model I don't like). But for the day to day and month to month changes in price, I don't buy or sell.
Can you tell them to launch UCITS versions of the funds for European investors. We got nothing over here.
I'll pass on your feedback. Thanks for watching :)
@@armchairincomechannelThanks, would appreciate it!
Great vid, keep up the good content..
Thanks, will do!
As always an insightful & funny video and I wish the mgr well. However, I am reluctant to invest in a new fund, because I don’t even know what might go wrong and a lack of transparency to the operations. Listeners might be interested in a podcast, “Trillions” and their interview with a fund that closed after 6 yrs-it is estimated that 25% of all ETFs have closed.
There's no prize for being early :)
I like SPYI and QQQI. I will DCA on monthly basis for the next 15 to 20 years. I'm hoping to reach F.I.R.E soon.
Thanks for sharing your strategy. I can tell you that FIRE is worth the effort!
Bravo! Love it
Thanks for watching :)
Waiting for the ticker to appear on Stake before I invest.
What is the difference between QQQY and QQQI? QQQY is $17 a share ETF that paid .85 a share last month. How does this one compare?
Less nav erosion for starters.
way less risky
@@MultiShiznit Really? I haven't experienced much of that at all, but I waited to purchase after it had been on the market awhile and did so on ex-dividend day. In the meantime the dividend is massive.
@@ronaldreagan6756 it seems as if you think a cheap asset price and large distribution equates to zero nav erosion and monster returns, which is quite the opposite of reality. An example would be the suppressed price gains of XYLD, compared to its underlying the sp500 which is at record highs while XYLD is near its lows. Please do your due diligence.
As explained below, QQQY suffers from NAV erosion. It's price trend is straight down, despite an exceptionally bullish market. Under the same market conditions, expect QQQI to experience modest price appreciation. The yield alone does not tell the story.
Good interview and good questions.
Interesting, any bogus business including financial advisors can call me a dinner time to sell their stupid products and services, but an investment firm can not call me about their ETFs.
Yes, it's ironic! Thanks for your feedback :)
Div is low Will it grow?
Dividend is huge! No need for growth. Did you multiply 1 month's dividend by 12 and divide by the price?
Was listed like this on cnbc Div 1.20 Div yield 2.36 and Seeking alpha like this
2.35% yield
Annual Payout (TTM)
$1.20
Those numbers are all wrong because it's less than 1 year old. Multiply the recent payout by 12, then divide by the price. Yield is above 10%.
@@armchairincomechannel makes sense Though where the numberr they put out > 1.20 was chosen from is a mystery Seems to be 7.20 based .60 monthly Thanx
If it pays 12-14% monthly i will sell all spyi and buy qqqi. Im here for the tax efficient monthly income.
I believe that's a 12-14% return on an annual basis, but yes dividends paid monthly which I love.
Yes, you can expect a higher yield than SPYI. The yield will be 12-15% on an annual basis, paid monthly, however it will also experience more volatility than SPYI...there's no free lunch :)
What a racket for maintaining this ETF 🤣 I'm keeping QQQI on my watch list.
I own it time will tell.
I dipped my toe in the water too.
I dipped my entire leg on wednesday when it was down over - 2.0% 😂
Why don't they return 60% and reinvest the rest for better growth and some income I'd love to see an ETF do that I'd like more growth.
This fund was specifically designed for income so if they switched to growth I think the income investors would be upset. Thanks for sharing your suggestion, a covered call fund that reinvests for growth is an interesting idea!
The markets won't correct! 😂 I will be a buyer when there is a decent correction in the markets. Great interview.
Seems like 90% of the time "the market is overvalued"....make that 95%
I'm not very patient when it comes to investing. Waiting for a correction could be who knows when?? And u could actually wait for a correction and then buy and then the market keeps "correcting" a lot lower after u bought. So yeah...
If I have cash I'm always anxious to put it to work 😂
@@jeancarloferreira9770 Perhaps scaling in at minor dips is the strategy to use in this market.
Why invest in this when there is already JEPQ and FEPI? They have first mover advantage. The net assets on this one may not get high enough to prevent nav erosion before the coming big dip. High fees and late to the game. Pass
The fees are lower than FEPI and the strategy is based on a different index. JEPQ is a reasonable comparison and you're correct, JEPQ charges a lower fee. It will be interesting to see how performance compares between JEPQ (with active stock selection and passive option management) and QQQI (with passive stock selection and active option management).
@@armchairincomechannel well the expense on this one is .68% and FEPI is .65%, so essentially even. Do you know what the approximate monthly dividend will be for QQQI? 25%+ like FEPI or close to 10%+ like JEPQ?