I agree and plus one to this being my favorite channel. I watched two videos on this topic before yours and it was rando’s recording their screens while stream of consciousness talking. It is clear that you plan your videos with a great script, research and post production graphics. Thanks for what you do!
I also retired in 2017 and live off my portfolio too! I always owned the highest percentage ETFs I could find with few exceptions. Last year 2023 in August I started with YieldMax adding FEPI and AIPI also added all the ones you are now reviewing plus PLTY, SMCY, YETH, RDTE YMAX. Portfolio up over $240,000 YTD with adding this action but ready to adjust when Bitcoin retreats.
Thanks for sharing your story. That's an aggressive approach! I hope you're also considering total return and the NAV trend (ie avoid NAV erosion). High yield can be good or bad, it depends on how they make the yield and how sustainable it is. Congrats on your retirement and enjoy those dividends!
Thank you Mr Armchair. Was just thinking about all these new Bitcoin Income ETFs the other day. I like the look of MAXI and BTCI. It will be interesting to see how they go.
Another timely banger video! Love MAXI & just added a bit of BITO. These breakdowns are helping a lot of folks out there like myself for sure! Thanks from Da Nang
As always an excellent summary! While a short time period, BTCI since inception date has a better Sharpe & Sortino Ratio than the others, who existed when BTCI was created.
For the Bitcoin income curious, like me, this is an outstanding analysis, once again delivered with a clarity, good humor and even tone that gives us the facts to add this to the portfolio. Thx!
Roundhill applied for a weekly-pay MSTR covered call ETF. In my opinion, it would be the holy grail of income investments. Last time I checked, it is still stuck on the SEC database awaiting approval (hopefully).
Hello sir. I’m just getting to watch your newest video about bitcoin, been under the weather. Well done….. I like the way that you included the spot ETF for bitcoin and micro strategy as a possible holding as well. I too think I will get to a 5% level and think I’ll try to hold an investment in the spot ETF as well for longer term growth. I watched an interesting video recently that showed what has been a four year cycle with bitcoin since inception I’ll try to share that he seemed knowledgeable and has quite a following. Thank you for jumping into this pool the video seems to have a high rate of views!!! In what could be a slow churn the next four years this area shows promise….. we’ll see. Cheers and thank you!
Thanks for your feedback. Difficult to predict what will happen with Bitcoin. I think the bigger question is whether you want exposure to it or not. At this point, I'd rather have some than none.
I like NEOS too but I only buy the funds that fit my investing philosophy. I have quite a few of their funds, but not all. I'm waiting a bit longer before jumping into BTCI. Looks good so far.
@@armchairincomechannel Is there any advantage of BTCI over MAXI? From what I could tell MAXI has more history but besides that BTCI didn't seem to have any tax advantages etc.
They're all so new that there isn't much data to judge performance. At this early stage I'm holding MAXI (and keeping an eye on BTCI because NEOS does a good job with their other ETFs). As the asset class grows I'll adjust based on performance.
Using the logic you mentioned at the end of this video, I opened a small MSTY position. Given the volatility of bitcoin, I know it may drop 50 to 70%, but if I’m receiving huge distributions, I will minimized my losses and juiced up the monthly income at the same time.
I don't hold MSTY but I understand why people do. However, as a high risk bet, I will be on the lookout for some MSTR next time it corrects. I don't mind an income fund underperforming the underlying stock a little bit, but the gap is too wide for me on that one. Either way, I hope they both go to the moon!
Do you see a big diffrenz between MPV - MCI? MPV has a smaler premium and at the moment a liitle bigger dividend. Just looked at both the last days. Track record from 1971 is realy a long time.
I'm not familiar with MPV. Given its long history its worth comparing to MCI. Their long term performance is similar although when I compared Total Return over the max period on Seeking Alpha, MCI had a higher TR.
Glad it was helpful, but please take all the credit/beer/Teslas for yourself as you reviewed a lot of stuff and chose to buy what's good for you. Also...if BTC crashes 90% tomorrow I can't send that shiny new Tesla back ;)
I was looking for information about BTCI yesterday but found very little except on NEOS home page, so this video is perfect timing. Thanks. Do you happen to know if BTCI will have any tax advantages like SPYI?
I don't have a precise answer and the fund is too young to have produced financial statements yet. Generally, a large chunk of the favorable ROC generated by SPYI comes from trading index options and BTCI doesn't do that so I don't expect it to be nearly as tax efficient as SPYI. Having said that, NEOS is eager to put a Bitcoin index to work in the fund if/when one gets approved and that would most likely increase the tax efficiency. If I do an interview with Garrett from NEOS about BTCI then I will ask him your question.
Too early to tell. MAXI and BITO have similar performance. BTCI looks interesting but it's too early to know how it navigates the ups and downs of Bitcoin price movement.
Just curious, you mentioned possibly adding MSTR when it corrects, but MSTR does not pay a dividend. Are you looking at it as a growth vehilce vs. income?
You pay attention to the details. You're right, MSTR is outside my income strategy. I don't normally invest in growth but if it corrects substantially (who know if that will happen) then I think it would rebound with more velocity than any other stock, which presents an opportunity to catch it on the up. However, I'm still an income investor and wouldn't hold it for the long term, nor would it be a huge bet.
To some extent, yes. However, Coinbase could be affected by factors outside of Bitcoin. For example, a new regulation affecting stablecoins might affect Coinbase but not Bitcoin.
Well, I went in with a little over 1% of total Portfolio today on the drop of MAXI. Interestingly, in Snowball, the forward looking div is $0.15/Share..... I'll hold for a while and watch closely
Thanks for sharing. For a variable dividend fund like this, any forward estimates are just based on the past, which doesn't tell us much. $0.15 was the most frequent distribution but that was because it was managed that way. Going forward....anybody's guesss!
Great and timely info. I hope you are enjoying BKK. It is at the top of my list for my upcoming retirement. How do you like BKK compared to where you actually live in Thailand. Thanks as always!
BKK offers amazing food, excellent hotels, I'm a fan. I visit often. I live in a quieter area so it's always exciting to visit the big city. For permanent residency I prefer somewhere with less traffic.
Wow! This is a very complicated product. Thanks for giving us your take on this area of investing. I understand your logic on investing in MAXI. Do you foresee yourself investing in BTCI in the immediate future?
They pay a minimum of 15 center per share and toward the end of the year, if the Bitcoin futures trading has been profitable, they more than that. I don't see how that's a problem for a dividend investor. The 15 cent payouts are modest and the end of year payouts have been enormous.
Thank you. All neos etfs are available at the Brazilian stock market with mirrored etfs. Soon they will have coin11 which mirrors neos bi@armchairincomechannel
You have a fantastic channel. All neos etfs are available in the Brazilian stock market via Buena vista. Tickers: spyi11 qqqi11 and soon coin11 (same as btci). They are mirrors but invest in actual cousin etfs in USA. Good tax advantage
It's been raining dibidends recently :) I don't know the optimal pronounciation for NEOS. Perhaps its my Aussie accent that skews it a bit from ohhhhs to ossss.
That's a tricky one. Given that it's leveraged 2X, it's not exactly a level playing field. It was challenging to explain 6 ETF's so I had to cut the number off somewhere. You have a point though....it does pay income.
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Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"):
armchairincome.link/snow
Thanks for sharing your research! This is my favorite channel no question.
Wow, thanks for such a big compliment :) Glad you enjoy it!
I agree and plus one to this being my favorite channel. I watched two videos on this topic before yours and it was rando’s recording their screens while stream of consciousness talking. It is clear that you plan your videos with a great script, research and post production graphics. Thanks for what you do!
I also retired in 2017 and live off my portfolio too! I always owned the highest percentage ETFs I could find with few exceptions. Last year 2023 in August I started with YieldMax adding FEPI and AIPI also added all the ones you are now reviewing plus PLTY, SMCY, YETH, RDTE YMAX. Portfolio up over $240,000 YTD with adding this action but ready to adjust when Bitcoin retreats.
Thanks for sharing your story. That's an aggressive approach! I hope you're also considering total return and the NAV trend (ie avoid NAV erosion). High yield can be good or bad, it depends on how they make the yield and how sustainable it is. Congrats on your retirement and enjoy those dividends!
Thank you. I am doing BTCI, MSTY, and IBIT.
That's been a very profitable blend recently!
Another great video on a very underrated channel
That's better than being an overrated channel :) Glad you liked the video!
Thanks, I was working through comparing these recently. This video is appreciated.
Glad it was helpful! I hope this got your research off to a good start.
Another great session, thanks for putting this together, much appreciated
Glad you enjoyed it, and thanks for letting me know!
As usual Armchair's content is amazing
That's very kind of you! I'm glad you liked it :)
Thanks for the video! - I own a few of these and appreciate your detailed comparison.
Glad it was helpful!
This was a hit topic! Been on the road all day just getting to see all the responses…this is great need to digest cheers
Glad it was helpful. Get off the road as soon as possible, don't want you to get run over!
Thank you Mr Armchair. Was just thinking about all these new Bitcoin Income ETFs the other day. I like the look of MAXI and BTCI. It will be interesting to see how they go.
You're most welcome. It's early days and an interesting asset class.
Hey Bitx is a 2x bitcoin etf but it pays a dividend.... it's monthly and about 20% a year plus asset appreciation
Yes, it was a tricky decision as to whether to include that one as the 2x leverage make it more extreme.
@@armchairincomechannel i hear you. Great channel 👏 really love it. Thank you.
Another timely banger video! Love MAXI & just added a bit of BITO. These breakdowns are helping a lot of folks out there like myself for sure! Thanks from Da Nang
Hi from Bangkok! Glad the video was helpful. I'll be back to Danang in March or April....great place!
As always an excellent summary! While a short time period, BTCI since inception date has a better Sharpe & Sortino Ratio than the others, who existed when BTCI was created.
Thanks for sharing that. Looking forward to getting more data on BTCI as time passes to see how it compares to the others.
Fantastic video. Thank you!
Glad you liked it!
For the Bitcoin income curious, like me, this is an outstanding analysis, once again delivered with a clarity, good humor and even tone that gives us the facts to add this to the portfolio. Thx!
Glad you enjoyed it! Thanks as always, Jim.
My guy this is the information I have been looking for! Thank you for making this!!
Glad it was helpful!
Roundhill applied for a weekly-pay MSTR covered call ETF. In my opinion, it would be the holy grail of income investments. Last time I checked, it is still stuck on the SEC database awaiting approval (hopefully).
Didn't know that. Thanks for sharing!
Hello sir. I’m just getting to watch your newest video about bitcoin, been under the weather.
Well done….. I like the way that you included the spot ETF for bitcoin and micro strategy as a possible holding as well. I too think I will get to a 5% level and think I’ll try to hold an investment in the spot ETF as well for longer term growth. I watched an interesting video recently that showed what has been a four year cycle with bitcoin since inception I’ll try to share that he seemed knowledgeable and has quite a following. Thank you for jumping into this pool the video seems to have a high rate of views!!! In what could be a slow churn the next four years this area shows promise….. we’ll see. Cheers and thank you!
Thanks for your feedback. Difficult to predict what will happen with Bitcoin. I think the bigger question is whether you want exposure to it or not. At this point, I'd rather have some than none.
THANK YOU.......I bought BTCI after you covered the Fund on your first video....... I TRUST NEOS 😊
I like NEOS too but I only buy the funds that fit my investing philosophy. I have quite a few of their funds, but not all. I'm waiting a bit longer before jumping into BTCI. Looks good so far.
@@armchairincomechannel Is there any advantage of BTCI over MAXI? From what I could tell MAXI has more history but besides that BTCI didn't seem to have any tax advantages etc.
Great topic, and another terrific video. I hope your luncheon meeting today went well! :)
Thanks! Lunch is tomorrow :)
@@armchairincomechannel that pesky dateline always confuses me,
BITO has the advantage of having a liquid option chain. So you can boost your yield by wheeling it.
That's true. Option traders are busy with BITO, IBIT and MSTR but of the 3, only BITO offers distributions.
Another great video! But which one do you like the best(and I know this is not financial advice)…would just like your knowledgeable opinion sir!
They're all so new that there isn't much data to judge performance. At this early stage I'm holding MAXI (and keeping an eye on BTCI because NEOS does a good job with their other ETFs). As the asset class grows I'll adjust based on performance.
@ i am holding MAXI and also looking at BTCI also….thanks!
What will perform better in a down or sideways market and have the least nav erosion, would make the best longer term hold.
A spot ETF like IBIT would have the least NAV erosion. As for market ups and downs, these will all be a crazy wild ride.
Could you review GLDI?
Thanks for the suggestion. I'll take a look. The long term price trend is a concern but I'll add it to the list of funds to investigate.
Bitcoin! Hey, I like the way you think.😃
Somebody I know kept saying it's good and the cool kids are doing it ;)
Using the logic you mentioned at the end of this video, I opened a small MSTY position. Given the volatility of bitcoin, I know it may drop 50 to 70%, but if I’m receiving huge distributions, I will minimized my losses and juiced up the monthly income at the same time.
I don't hold MSTY but I understand why people do. However, as a high risk bet, I will be on the lookout for some MSTR next time it corrects. I don't mind an income fund underperforming the underlying stock a little bit, but the gap is too wide for me on that one. Either way, I hope they both go to the moon!
Thanks for your valuable research. It helps tremendously and has changed my investment approach.
Glad to help! I think its important to explore all investment strategies, especially as you approach retirement and need steady income.
Do you see a big diffrenz between MPV - MCI? MPV has a smaler premium and at the moment a liitle bigger dividend. Just looked at both the last days. Track record from 1971 is realy a long time.
I'm not familiar with MPV. Given its long history its worth comparing to MCI. Their long term performance is similar although when I compared Total Return over the max period on Seeking Alpha, MCI had a higher TR.
Can you review TFLR?
Thanks for the suggestion. I'm not familiar with TFLR, but will take a look to see if it fits within my investing style.
Great video. I like bitcoin for the long run, my new rule is I only buy ibit via these dividends. Did you move to bkk?
That strategy makes sense. Just visiting BKK for a week.
Timely topic! Thanks.
Yes, it's all anybody is talking about lately so hard to ignore it. Glad it was helpful :)
I owe you a beer (or a Tesla) having added MAXI last summer because of you.
Glad it was helpful, but please take all the credit/beer/Teslas for yourself as you reviewed a lot of stuff and chose to buy what's good for you. Also...if BTC crashes 90% tomorrow I can't send that shiny new Tesla back ;)
Been loving MAXI and was wondering about BTCI & CEPI?
CEPI is so new it hasn't even paid a dividend yet. BTCI has paid 2 (explained in the video). Will keep an eye on BTCI.
Thanks for an interesting presentation on these bitcoin income ETFs.
Glad you liked it! As always, thanks for watching.
Very interesting video, thanks
Glad it was helpful!
Do you have NEOS interview on BTCI?
Not yet, but we're in discussions about it.
I was looking for information about BTCI yesterday but found very little except on NEOS home page, so this video is perfect timing. Thanks. Do you happen to know if BTCI will have any tax advantages like SPYI?
I don't have a precise answer and the fund is too young to have produced financial statements yet. Generally, a large chunk of the favorable ROC generated by SPYI comes from trading index options and BTCI doesn't do that so I don't expect it to be nearly as tax efficient as SPYI. Having said that, NEOS is eager to put a Bitcoin index to work in the fund if/when one gets approved and that would most likely increase the tax efficiency. If I do an interview with Garrett from NEOS about BTCI then I will ask him your question.
Do you still consider MAXI as your favorite in this group? Or are you thinking a newer one might be better?
Too early to tell. MAXI and BITO have similar performance. BTCI looks interesting but it's too early to know how it navigates the ups and downs of Bitcoin price movement.
Just curious, you mentioned possibly adding MSTR when it corrects, but MSTR does not pay a dividend. Are you looking at it as a growth vehilce vs. income?
You pay attention to the details. You're right, MSTR is outside my income strategy. I don't normally invest in growth but if it corrects substantially (who know if that will happen) then I think it would rebound with more velocity than any other stock, which presents an opportunity to catch it on the up. However, I'm still an income investor and wouldn't hold it for the long term, nor would it be a huge bet.
Subscribed for excellent and thoughtful content 💪. Thank you!
Thanks and welcome! Lots more content to come :)
I think the percentage of throw pillows per customer in that cafe is higher that the yield on some of these funds. Great comparisons of funds. Thanks
Thanks for that pillow per customer update! It was pretty comfy in there.
My head hurts.
So did mine after explaining how those funds generate revenue!
Your videos are so good. Thanks.
Glad you like them! I appreciate you taking the time to let me know.
Thanks for the video.
You are welcome!
Do you have any videos on how someone can make their first bitcoin purchase in cold wallet; or could you recommend a step-by-step video?
I'm sure there are plenty of videos out there on that topic. This channel is focused on income so cold wallet info is outside its scope.
thank you for the quick reply. I noticed that after I watched your video the second time.@@armchairincomechannel
Thanks for the video. Also brand new is REX Shares CEPI
Yes, it's so new it hasn't paid a dividend yet!
CONY is basically a Bitcoin proxy like YBIT too.
To some extent, yes. However, Coinbase could be affected by factors outside of Bitcoin. For example, a new regulation affecting stablecoins might affect Coinbase but not Bitcoin.
Well, I went in with a little over 1% of total Portfolio today on the drop of MAXI. Interestingly, in Snowball, the forward looking div is $0.15/Share..... I'll hold for a while and watch closely
Thanks for sharing. For a variable dividend fund like this, any forward estimates are just based on the past, which doesn't tell us much. $0.15 was the most frequent distribution but that was because it was managed that way. Going forward....anybody's guesss!
"One night in Bangkok " by Murray Head
Sometimes that song runs through my head when I land in Bangkok!
Great and timely info. I hope you are enjoying BKK. It is at the top of my list for my upcoming retirement. How do you like BKK compared to where you actually live in Thailand. Thanks as always!
BKK offers amazing food, excellent hotels, I'm a fan. I visit often. I live in a quieter area so it's always exciting to visit the big city. For permanent residency I prefer somewhere with less traffic.
The BITO one is insane. I have that one
It's been a money maker recently. Can't be like that always but when its hot its really hot.
Wow! This is a very complicated product. Thanks for giving us your take on this area of investing. I understand your logic on investing in MAXI. Do you foresee yourself investing in BTCI in the immediate future?
I'm considering BTCI, but I want to watch it for a little while first.
As a dividend income investor, I'm kind of surprised you hold any Maxi. The payouts have primarily been .15 per share with a couple of high spikes.
They pay a minimum of 15 center per share and toward the end of the year, if the Bitcoin futures trading has been profitable, they more than that. I don't see how that's a problem for a dividend investor. The 15 cent payouts are modest and the end of year payouts have been enormous.
@armchairincomechannel got it. Thanks.
I appreciate your videos and mentioned you briefly in my 3rd video (I just started a channel).
Thanks for the mention and best of luck with your new channel.
Love this fkn channel! 😜
Thanks for f'n letting me know :)
It has been a wild ride with bitcoin this year
Wild in a good way. I'm sure there'll be more crypto winters so there's that...
Do you think it works for retirement EXTRA income? Greetings from Brazil 🇧🇷
It's high risk and high reward so I wouldn't want to rely on it too much. I hold a small position.
Thank you. All neos etfs are available at the Brazilian stock market with mirrored etfs. Soon they will have coin11 which mirrors neos bi@armchairincomechannel
You have a fantastic channel. All neos etfs are available in the Brazilian stock market via Buena vista. Tickers: spyi11 qqqi11 and soon coin11 (same as btci). They are mirrors but invest in actual cousin etfs in USA. Good tax advantage
I am high yield dibadend warriora!
In seriousness: Is NEOS not pronounced like knee-o's?
It's been raining dibidends recently :) I don't know the optimal pronounciation for NEOS. Perhaps its my Aussie accent that skews it a bit from ohhhhs to ossss.
Neos stands for Next Evolution Options Strategies, so no need for the '
Did you forget BITX, or leave it out intentionally?
That's a tricky one. Given that it's leveraged 2X, it's not exactly a level playing field. It was challenging to explain 6 ETF's so I had to cut the number off somewhere. You have a point though....it does pay income.
@ maybe it doesn’t fit the armchair philosophy… 😊. I get that. It’s aggressive for sure.
BTCI is the best Bitcoin income fund. Holds Bitcoin
I like their strategy and look forward to reviewing its performance through the ups and downs of Bitcoin's price movement.
Sold MAXI at a relative low just before the election to harvest the loss and bought BTCI Wow!
Oops! MAXI has been crushing it. BTCI is looking good too. Will keep an eye on it.
Retired in 2017 and killing it with investments? Sign me up for that life!
I'm thankful for each and every day!
New subscriber here
Thanks for subbing! Welcome to the income investing community :)
cool
Thanks for watching :)
This guy is AI generated right?
I'm not AI generated...at least that's what my circuits are instructing me to type.
@@armchairincomechannel Lol :)