MLPI
NEOS MLP & Energy Infrastructure 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.

I am also down. Bought bunch of MLPI AND XLEI in last month and so.

You’re making me regret selling $MLPI 🥲 I was too heavily concentrated (\~22% of my portfolio) & there was no easy way to trim the losses without cutting the whole thing. I held it for almost 6 months. I’m committed to coming back in a month & building the position more responsibly.

I'm twice your age, I'm 52. I just bought 1,000 shares of each SPYI, QQQI, and MLPI last week.
I'm hoping to do what you are doing and using the income to contribute to other dividend payers and continue diversifying adding some into a Roth.

Outside of tech the market is down - many stocks off between 5-15% just since August
Financials, Industrials, Utilities, Bonds (of course)
Myself, as a retired dividend investor, I’ve added to PTY (Corp bonds), NZF (muni bonds), DX (mortgage backed Securites), MLPI (pipelines), Home Depot, ASGI and UTF (utilities) and BCAT (tech)
Most pay very high monthly dividends and all are at or very near 52 week or even much longer than that lows

Sure, but they are in the top 5 holdings of MLPI which would affect the price of MLPI.

Oil is down -11.74% in the last 6 months from its April highs, MLPI is down -11.70% on price in the same timeframe. If you look at the top 5 companies MLPI holds you have a price return of:
ENB down -14.43%
WMB down -6.21%
TRP down -8.31%
KMI down -10.4%
OKE down -8.27%
If you were to look at total return in the last 6 months, MLPI is doing the best out of these at -3.30% while Oil is still down -11.74%. I think your assertion that "MLPI is continually going down while oil still continues to go up" is a feeling, not a fact.

I thought MLPI was a CC ETF. Am I offbase here? Armchair Income guy even interviewed the fund manager, who stated such.

MLPI - Help Me Understand?

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.

I am also down. Bought bunch of MLPI AND XLEI in last month and so.

You’re making me regret selling $MLPI 🥲 I was too heavily concentrated (\~22% of my portfolio) & there was no easy way to trim the losses without cutting the whole thing. I held it for almost 6 months. I’m committed to coming back in a month & building the position more responsibly.

I'm twice your age, I'm 52. I just bought 1,000 shares of each SPYI, QQQI, and MLPI last week.
I'm hoping to do what you are doing and using the income to contribute to other dividend payers and continue diversifying adding some into a Roth.

Outside of tech the market is down - many stocks off between 5-15% just since August
Financials, Industrials, Utilities, Bonds (of course)
Myself, as a retired dividend investor, I’ve added to PTY (Corp bonds), NZF (muni bonds), DX (mortgage backed Securites), MLPI (pipelines), Home Depot, ASGI and UTF (utilities) and BCAT (tech)
Most pay very high monthly dividends and all are at or very near 52 week or even much longer than that lows

Sure, but they are in the top 5 holdings of MLPI which would affect the price of MLPI.

Oil is down -11.74% in the last 6 months from its April highs, MLPI is down -11.70% on price in the same timeframe. If you look at the top 5 companies MLPI holds you have a price return of:
ENB down -14.43%
WMB down -6.21%
TRP down -8.31%
KMI down -10.4%
OKE down -8.27%
If you were to look at total return in the last 6 months, MLPI is doing the best out of these at -3.30% while Oil is still down -11.74%. I think your assertion that "MLPI is continually going down while oil still continues to go up" is a feeling, not a fact.

I thought MLPI was a CC ETF. Am I offbase here? Armchair Income guy even interviewed the fund manager, who stated such.

MLPI - Help Me Understand?

A good qualifite covered call fund would be my choice. QQQI 14% yield, SPYI 12%, IWMI 14%, and MLPI 14%.These funds have a yeidl high enough that they should be vclose to doubling in value 7 years with all dividends reinvested. And in addition to this they are very tax efficient due to tax loss harvesting and and the resulting ROC dividneds they produce.
Now the dividneds may go up and down with he market but they won't go to zero But VOO in a bad market can have negative earnings or ever zero for an extended period of time. And governmentbondds don'tprodcue any meaningful yields.

Those are the three that I have from NEOS. All have performed well. Putting more into MLPI right now with the dip.