r/NEOSETFs

Nav has been around the same for the ytd. Whats the downside?

I noticed yesterday QQQI dropped 1.22% all good I thought because QQQ was 1.69 but then in premarket QQQ is 0.20 (total 1.89) and QQQI is 1.14 (total 2.36!!) so I was thinking this must be because of Ex div day, but if that's the case this means they are just giving us back our money with the distributions?

This seems to answer some of this subreddit’s questions.

Lets say if you’re 55+ with significant investments in both taxable and tax deferred account.

You want to retire early but won’t qualify for Medicare until age 65.

Using rule of 55 for 401k withdraw or 72t withdraw from IRA both qualify as income and will bump up your ACA insurance cost.

But if you invest in covered call ETF like SPYI/GPIX in your taxable account, the distribution is mostly ROC and not counted as income. Therefore you may be eligible for lower ACA insurance cost until age 65 when you qualify for Medicare.

Can someone verify if the assumptions above are correct?

I currently have about 230K worth of QQQI and a small position in BTCI. I have a rental property under renovation now which (a 4 unit) which I will need to quickly rent out after I finish renovating to keep up with the mortgage. However, I feel if I can keep it empty until its sold, will increase my chance of getting a contract quickly and not have to disturb tenants. Was thinking of trading my shares of QQQI and BTCI into XQQI for a higher yield so I can suppliment my payment have a quicker and faster sale, in order to keep it vacant.

I understand the risk of a downturn, my current QQQI stash is already at risk as it sits and its been serving me well through the big dips, I just leave ir alone and it always recovers fine. XQQI seemed to recover well after the last drop. Is there anyone who holds a larger position in these funds, thoughts or advice? TIA

Are you going to be forced liquidation and pay taxes then buy back in with the new tickers?

EDIT: I was hoping to be an XQQI holder someday and now that GS has stepped in…not so sure now 🫪

Recently, took a pretty big pay cut as I was changing industries. During the transition and up until now, I have been building a portfolio to cover most of my bills. Hit that plus a 10% cushion for downturns and to reinvest. Here is my breakdown:

QQQI - 26.62%

SPYI - 20.54%

MAIN - 13.66%

BTCI - 12.91%

O - 6.91%

UTG - 5.44%

IWMI - 3.31%

NIHI - 3.24%

MLPI - 3.18%

IAUI - 2.82%

Cash - 1.38%

I will continue to add some and try to knock out a few more smaller bills. Any suggestions on how to strengthen this part of my portfolio? For this part of my portfolio, I am only looking at monthly payers.

Some additional context: this is a small part, maybe 15% of my total portfolio. Most of the rest is in growth (QQQ and SPY, primarily), plus a nice chunk of SCHD and ADX.

Any feedback is greatly appreciated.

Hello all,

I am 34 currently. My portfolio size is about $650 - 700k. I have focused on growth and sold my winnings.

I am thinking of just holding VTI, QQQM, SPYI, IAUI, QQQI & MLPI.

Thanks to these and my other streams of income, I was able to semi-retire. I now live overseas where costs are down. (I actually dont have to work but I get bored so I work and bring in $125K a year in low cost country). Anyways, having NEOS funds and my holdings bring in $3000-4000K a month now. I currently have $150K in my portfolio sitting in cash from selling my other winnings. I am thinking of dumping into the mentioned fund above. If I were to distribute my $150K, I should be able to bring in additional $1500-3000 depending on how its distribute it. I do not care for growth and would rather have income and reinvest/drip them.

Would you consider this a good idea for the distribution of the $150K?

or having NEOS funds is too risky..whats your thought on that? (yes i know theyre fairly new and some may say theyd be cautious of covered call option strategy payouts).

Ps: please dont say you should buy growth stocks. Im ok and dont ask me why not for my age. I just dont care, i got VTI and QQQM for it, theyre my long term holds. Ive got about decent money in them and will continue to add/drip them.

thank you,