QQQI is a tax strategy designed to push the tax bill until you sell for XYZ needs. If you die with it then the cost basis resets to 0 for your beneficiaries. I think it works best having this committed mindset.
I like the 70/30 split for VOO/QQQI where you reinvest QQQI monthly, in a regular taxable brokerage account, while VOO maintains its growth in IRA/401K.
QQQI acts as a better defensive position in the sense where your cash flow is generated and received regardless of a bull/bear market. You’re agreeing to accept limited upside/downside on the principle for its capped 10-15% each month tax free.
Another way of thinking of this is this: ask yourself what would happen if markets were flat (or down) for next 5 years? You’d be happy to have collected 10-15% monthly checks essentially making a total return gain.
If the market goes up 80% then great, your VOO caught all of that. If the market sinks, your cash flow slightly adjusts, based on its calculated NAV, for monthly payout. Keep reinvesting this unless you actually need the $$.
Also, in the event of an unplanned layoff you just switch reinvesting monthly to collecting checks until the next new role. This tax-free, cash flow bridge buys peace of mind during the temporary adjustment period all without having to disturb your growth in VOO. Once you land your new role just toggle back to DRIP.
0.68% fee is high, but so is 10-15% yield.