BTCI
NEOS Bitcoin High Income ETF
stock BATS ETF

Why not go with SPYI or QQQI over MLPI? With covered call ETF's the stability of the underlying is very important (see BTCI for example). SPY and even QQQ are much more stable than the MLP space and importantly have track record of consistent capital appreciation to offset NAV erosion. You aren't getting higher distribution with MLPI but taking on more a lot more risk IMO.

There's some NAV erosion, but it depends at the period of time you're viewing it. Overall most of their funds actually have NAV appreciation. Yes, some are eroding, but the underlying assets are eroding, not the fund. And sometimes, depending on the period of time, the underlying assets could be depreciating and the fund NAV is depreciating, but to a lesser extent, and that's how the funds usually work, they do ok in a bear, but lag the bull, while still paying you distributions. I know because I own and track BTCI, IAUI, NEHI.

If you're going to depend on income funds (cc ETFs, BDCs, CEFS, etc), I suggest you need to generate 2.5x your spend in order to have protection from another 2008 gfc.
Cc ETFs are good to a point, but they fall short of overall wealth creation over time. They typically trail the underlying. So over time, compounding is tough to beat. I expect the distributions to directly correlate to the nav. You can see that with the distributions from BTCI, for instance. It still pays 25-30%, but of the reduced nav due to BTC market conditions. Then you have ADX which pays 8% and has been around for nearly 100 years
Armchair income has a good yt channel on income fund investing that's worth a look. A quality cc ETF that's shown decent total returns is gpiq, paying around 10% monthly distributions. Tdaq is another, but both are still fairly new. So qqqi for distributions, gpiq for total returns and a smaller distribution. But neither beats the underlying in total returns over time.

Why not go with SPYI or QQQI over MLPI? With covered call ETF's the stability of the underlying is very important (see BTCI for example). SPY and even QQQ are much more stable than the MLP space and importantly have track record of consistent capital appreciation to offset NAV erosion. You aren't getting higher distribution with MLPI but taking on more a lot more risk IMO.

There's some NAV erosion, but it depends at the period of time you're viewing it. Overall most of their funds actually have NAV appreciation. Yes, some are eroding, but the underlying assets are eroding, not the fund. And sometimes, depending on the period of time, the underlying assets could be depreciating and the fund NAV is depreciating, but to a lesser extent, and that's how the funds usually work, they do ok in a bear, but lag the bull, while still paying you distributions. I know because I own and track BTCI, IAUI, NEHI.

If you're going to depend on income funds (cc ETFs, BDCs, CEFS, etc), I suggest you need to generate 2.5x your spend in order to have protection from another 2008 gfc.
Cc ETFs are good to a point, but they fall short of overall wealth creation over time. They typically trail the underlying. So over time, compounding is tough to beat. I expect the distributions to directly correlate to the nav. You can see that with the distributions from BTCI, for instance. It still pays 25-30%, but of the reduced nav due to BTC market conditions. Then you have ADX which pays 8% and has been around for nearly 100 years
Armchair income has a good yt channel on income fund investing that's worth a look. A quality cc ETF that's shown decent total returns is gpiq, paying around 10% monthly distributions. Tdaq is another, but both are still fairly new. So qqqi for distributions, gpiq for total returns and a smaller distribution. But neither beats the underlying in total returns over time.

agree.. you should be DCAing.. i'm down about 11.6k but BTCI has paid more than that in dividends.. so net net positive.. i DRIP and buy every month.. my cost basis is $36 now.. and the way the Bitcoin is doing + BTCI dividend payouts .. i feel confident that this will workout.

I have all 3 in my taxable account which serve as the core income funds. SPYI and QQQI NAVs are up \~10% while MLPI NAV is slightly down. I am building up my MLPI position to counter the heavily tech dominated SPYI and QQQI. I also hold a sizable BTCI position which is down but kicking out great income. I am not retired, just stacking the positions. Good luck