And once again, the dividends from the $SPYI arrived on time. For me, this is the "best" covered calls ETF. As far as I know, however, it is not authorized in the EU. Which one do you have in your portfolio or do you stay away from covered calls ETFs?
Other NEOS S&P 500 High Income ETF
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12Top up🚀
Stocked up a little again today with:
- $BATS (+1,09%) / $BTI (+1,04%) - Dividend machine in the tobacco sector
- $SCHD - solid US dividend ETF
- $SPYI - Premium strategy on top 💸
Goal: further increase cash flow, expand dividends & options step by step.
What was on your list today? 📈👇
Cover Calls ETF
Today the $SPYI paid out, as always on time and with the expected 10-12%. Personally, I think NEOS is doing a good job here. I may add more of their ETFs to my portfolio and will certainly expand the SPYI further. Are you also invested here or what is your opinion on cover calls ETFs?
LG
What are covered calls? (for beginners)
Imagine you own shares in a company - let's say 100 shares in Apple. You believe that the share price will tend to move sideways in the near future. Instead of simply holding on, you can generate extra income with covered calls.
This is how it works:
- You own the shares (hence "covered").
- You sell a call option on these shares. This gives someone else the right to buy your shares at a certain price (strike) up to a certain date.
- You receive a premium for this sale - and that is your income.
What can happen?
1. the price remains below the strike:
=> Nobody exercises the option, you keep your shares and the premium. Win!
2. price rises above the strike:
=> Your shares are "taken", you have to sell them at the strike. You receive less than the current market price, but you keep the premium.
What is this good for?
- Additional income in sideways markets.
- Some risk protection through the premium.
The risks?
- Limited profit potential (because you have to sell the shares if they rise sharply).
- If the share falls sharply, the premium only protects you a little - you still bear the price risk.
In short: covered calls are like rental income for your shares - you give up profits but collect regular premiums (dividends, etc.).
$SPYI
$QQQI
$QYLE (-1,62%)
$AAPL (-0,09%)
$MSFT (-0,64%)
$AMZN (-1,14%)
$GOOGL (+0,48%)
$RHM (+2,77%)
$NVDA (-3,22%)
$NOVO B (+0,19%)
$O (+0,85%)
$NKE (-0,81%)
$TSLA (-3,51%)
I'll do something in a few days 😉😏
I understand tagging shares for "visibility" - but that's more the point of # ...
$SPYI Are there any dutch investors investing in this ETF? with which broker do you do this because unfortunately this is not possible with the giro?
Regards Ronald
We've reached yet another milestone 💚💚💚
With the big dividend payouts in September we have reached a new high of 1253.28$ for 09/2024. This marks the second time (after 06/2024 were I've reached a >1000$/month in dividend payment outs. 💰 I couldn't be happier, especially since this portfolio is only 10 months old.
For those you read my recent posts and are aware of my goals for this year and beyond, but here is a quick reminder.
My initial goal for 2024 was to have about 400$/month, when I saw how things progressed, I updated that to 500$/month, but looking ahead we are expected to end up with more than 800$/month, which would simply be insane. (TTM >650$/month)🤪
(For clarification I don't calculate that as TTM, but rather as the average of trailing 6 months, trailing 3 month, future 3 months, future 6 months. This is simply because I am still building my positions aggressively so that the trialing months significantly under-represent the status quo. I am aware of the uncertainty of future dividend payouts, which is why they are approximated conservatively. )
At the moment the total value of the portfolio stands at just above 170k$ with the plan for >180k$ end of 2024
>270k$ end of 2025
>370k$ end of 2026
I also decided to sell off one property and throw most of the money into the marker. If that happens the above number will be updated with my next post. I did lose my job recently, but hope something else comes up rather shortly, fingers crossed. 🤞This obviously also affects my investments.
My overall goal is to consistently have 4k$/month at my disposal for retirement (ideally without dipping into the principal of the investment). About 2k$/month will be provided by rental income and thinking that I will be more than one third to the 2k$/month needed from dividend payouts by the end of the year gets me very giddy.
This is the list of all dividends for this month:
$MAIN 21.81$
$MAIN 26.70$ (special dividend)
$JEPI 124.34$
$JEPQ 117.50$
$SPYI 102.43$
$QQQI 68.05$
$O 104.41$
$SPLG 67.10$
$SCHD 620.95$
________________
Total: 1253.28$
I also did some changes to the portfolio in minimizing the positions I hold.
I sold $MAIN (+1,63%) , $EPR (-0,12%) , $EPRT (+0,79%) and $VICI (+0,84%) not really because I don't thing they are good companies, but rather to stock up on securities I surely want to hold forever ($SCHD , $O (+0,85%) and $SPLG ) with some cash flow options like $QQQI and $SPYI sprinkled in for good measure.
I am sure there will be people saying that judging from that list, the portfolio is too conservative... and I would somewhat agree with you, but my objective is to build mainly a dividend portfolio that will consistently help with my expenses in retirement.
That being said, I am planning on expanding my $SPLG and $SCHD positions as well as adding to my cash for a potential market downturn so don't judge me too harshly.😜
Happy investing 📈, happy compounding💸!
#fire
#retirement
#financialfreedom
#dividends
#compoundeffect
#nextstop250k$
Another milestone reached, and this one is HUUUGE! 💚💚💚
With the very unexpected dividend increase from my favorite dividend ETF $SCHD to 0.8241$/ share for the second quarter 2024, I've reached a 1000$/month in dividend payments for the first time ever. 💰 I couldn't be happier, especially since this portfolio is only 7 months old.
For those you read my recent posts and are aware of my goals for this year and beyond, but here is a quick reminder.
My initial goal for 2024 was to have about 400$/month, when I saw how things progressed, I updated that to 500$/month, but looking ahead we are expected to end up with more than 600$/month, which would simply be insane. 🤪
(For clarification I don't calculate that as TTM, but rather as the average of trailing 6 months, trailing 3 month, future 3 months, future 6 months. This is simply because I am still building my positions aggressively so that the trialing months significantly underrepresent the status quo. I am aware of the uncertainty of future dividend payouts, which is why they are approximated conservatively. )
At the moment the total value of the portfolio stands at just above 130k$ with the plan for >160k$ end of 2024
>270k$ end of 2025
>370k$ end of 2026
My overall goal is to consistently have 4k$/month at my disposal for retirement (ideally without dipping into the principal of the investment). About 2k$/month will be provided by rental income and thinking that I might be one third to the 2k$/month needed from dividend payouts by the end of the year gets me very giddy.
This is the list of all dividends for this month:
$AGNC (-0,17%) 37.32$
$EFC (-0,51%) 17.81$
$EPR (-0,12%) 19.10$
$MAIN (+1,63%) 21.36$
$MAIN (+1,63%) 26.70$ (special dividend)
$JEPI 112.04$
$JEPQ 94.89$
$SPYI 51.02$
$QQQI 25.56$
$O (+0,85%) 73.76$
$SPLG 44.34$
$SCHD 544.73$
________________
Total: 1068.63$
I am sure there will be people saying that judging from that list, the portfolio is too conservative... and I would somewhat agree with you, but my objective is to build mainly a dividend portfolio that will consistently help with my expenses in retirement.
That being said, I am planning on expanding my $SPLG position as well as adding $QQQM to the portfolio at some point in order to participate in some of the growth potential that technology and market leaders offer so don't judge me too harshly.😜
Happy investing 📈, happy compounding💸!
#fire
#retirement
#financialfreedom
#dividends
#compoundeffect #nextstop250k$
#1000dividendspermonth
On the same pathway, just the horizon is longer, probably 2031, dividends and distributions will cover for all family living expenses.
#powerofcompounding
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