SPYI
NEOS S&P 500 High Income ETF
stock BATS ETF

That is a fantastic idea. I will definitely put some in SPYL, but probably some in SPYI, SPYY or WEBN too.

I'm holding about $25k of ET & ENB in my taxable account and dripping the dividends. I would be comfortable buying more on major pullbacks. However, am investing more
of my taxable brokerage funds for retirement in CC ROC ETF's, such as QQQI, SPYI and GPIX. My largest holdings that generate income for me by far are my dividend ETF holdings (SCHD, VIG, CDGC, PVAL, FDVV, VYM, IDVO etc.) Some of these are held in my traditional IRA and some in my taxable. Oh, am holding a good deal of national muni bonds in ETF's in my taxable as well, for federal tax free income generation.

Nobody knows what the market does tomorrow. SP500 is fine, but a globally diversified fund/ETF (SPYI or WEBN) for instance is better as you won’t just be exposed to the top 500 US companies

I'm retired, w\my IRA, I've gone all in, with QQQI, SPYI, JEPI and JEPQ.
I contribute a small percentage of that income into SWVXX as my emergency cash.
I def use that monthly income for getting my bills paid.

I have only one cef: CEFS. Does great. But I also have several cc etfs like: spyi, qqqi, btci, mlpi...if i had to pick one... SPYI is the most reliable, cagr and total return cc etf I have. Qqqi is close and sometimes beats spyi in a bull market.

39, (turning 40 in one month). Laid off recently, paying for rent and some expenses with dividend income, it should be roughly enough to get by while I get a new job. The plan is for my son and wife to get any job (even part time) and that should get us by. Me, I have to leetcode and prepare for interviews.
Portfolio: 50/50ish on QQQI and SPYI. I plan on adding a 3rd one once I get my layoff lump sum, actually researching which one to add right now, recommendations are welcome!

You'd do better just buying the underlying assets and making your own income at exactly the amount and timing you needed it. QQQI and SPYI lag the QQQM and SPYM by about 4% per year. That's a huge loss compounded over decades.

I collect around $4,000/mo in SPYI/QQQI dividends per month. I use it for my kid’s college tuition. It’s been a very good tool for that purpose. I am retiring next year and plan to move to 40-45% dividend income for my living expenses while keeping 55-60% in VTI and a few other growth funds.

Latest update: SPYI: NEOS S&P 500 HIGH INCOME ETF
\### Understanding the NEOS S&P 500 High Income ETF (SPYI)
\*\*What this ETF is trying to do\*\*
The NEOS S&P 500 High Income ETF, known by its ticker symbol SPYI, is an exchange-traded fund (ETF). Its main goal is to provide investors with a high level of income. It does this by focusing on the S&P 500, which is a group of large companies in the United States.
\*\*What the numbers show\*\*
As of August 7, 2026, the current price of one share is $54.18. Looking back at the last year, the price has grown by about 6.26%. When you include the money paid out to investors, the "total return" for the year was much higher at 19.85%.
So far this year (Year-to-Date), the price has gone up by 3.14%, while the total return is 10.64%. Over a three-year period, the total return reached 56.43%.
\*\*Income and distribution explanation\*\*
This ETF is designed to pay out money regularly. The "distribution yield" is 11.64%, which tells you how much income the fund pays relative to its price. Over the last 12 months, it made 12 payments. These payments usually happen on Wednesdays.
It is important to remember that a high yield alone can be misleading. A very high percentage might look good, but you must also look at whether the actual price of the ETF is staying healthy.
\*\*NAV erosion explanation\*\*
"NAV erosion" happens when the value of the underlying assets in an ETF drops over time. If an ETF's share price falls from a high number to a much lower number, it can destroy your "principal." Principal is the original money you put in. If you invest $10,000 and the price collapses, you might end up with much less than your original $10,000, even if you received some income payments.
In this specific case, the data shows "No price erosion detected." The erosion score is 100, which is labeled as "good." This means the price has not been steadily falling away.
\*\*Pros\*\*
\* It offers a high distribution yield of 11.64%.
\* The total return over one year (19.85%) is significantly higher than the price return alone.
\* The fund shows no signs of severe price erosion.
\*\*Cons\*\*
\* High-income ETFs can be complex.
\* Investors must watch the price closely to ensure the income isn't coming at the expense of their original investment.
\*\*Beginner takeaway\*\*
Income investors usually prefer ETFs that go sideways (stay at the same price) or move slightly up. They prefer this because it means their original investment stays safe while they collect payments. If an ETF's price collapses, the income might not be enough to make up for the lost money. For SPYI, the data shows the price has been growing alongside its distributions.
\*\*\*
\*Disclaimer: This report is for educational purposes only. It does not provide financial advice. It does not recommend buying, selling, or holding this or any other security.\*
Research article updated Aug 11, 2026 12:01 AM

66 next week, still work, plan to retire @ 68 & 5 months. Want to work 1 yr without earnings penalty from SS, FRA 67. Have about 6% of portfolio invested in QQQI, SPYI, QDVO, GPIQ. I add significantly to this basket which pays me about $2,200 mo. But, I add more aggressively to my core holdings of the basics: mutual funds & ETFs, a few from Fidelity & Vanguard, Schwab, T Rowe Price…primarily VOO, VOOG, FSPTX, FXIAX, SCHG… Heavy on tech, S&P 500, banking. Old, very old. Also hold other SPACS, LPs, midstream pipeline companies such as MPLX, ET, ENB. Many other names too… O, JEPQ, BST, UTG, the dog PFE, BTI, MO, CGC (loser), STK, AGNC…
Most are winners and powerful dividend payers. Some are duds.
And lots of SPCX, META, AAPL, NVDA just for fun.
But, the best way to win: skip all this crap and add to your core holdings now & forever. The broad based, not too eccentric, S&P and Technology Funds are guaranteed intermediate & long term winners. They are also short term winners about 70% of the time. I feel like I’m too old to untangle the mess I made without significant tax consequence, but the bulk of new money, expected to continue forever, is invested in core ETF holdings, ROTHED to the max, but outside retirement accounts too. Some is peeled away for fun. We are all at the mercy of America in that risk assets could enter a prolonged period of downward repricing if the perception becomes the rapid decline of capitalism resulting from recent election results. Or, God forbid, if the investing community is convinced we are headed toward adoption of European economic and societal models. Then we’re truly doomed. If they kill the goose, real or imagined, our assets go with it.
There’s nowhere to hide if you have any money at all.

SPYI and QQQI are only beating SPY and QQQ because the last couple years have been a perfect storm for covered‑call ETFs. You’ve had nonstop high implied volatility and barely any real price movement. Geopolitical stuff — Iran messing with oil supply, Russia–Ukraine dragging on for years — keeps fear elevated even when the market isn’t actually trending. That’s great for CC funds because they sell calls when IV is high, and the index doesn’t move enough to blow through the strikes. So the premium they collect ends up bigger than the trend they’re giving up.
Meanwhile SPY and QQQ have basically been in a slow grind‑up chop, not a real bull run. SPYI/QQQI also sell OTM calls, so they keep a little upside while scooping up volatility decay from earnings and geopolitical spikes. But this is all short‑term luck, not long‑term structure. Once oil and geopolitical tension cool off — and they always do — IV drops, premiums shrink, and covered‑call ETFs go right back to underperforming. They look good now because conditions are rare, not because they somehow beat SPY or QQQ over time.

Thanks. SPYI and QQQI are tax deferred for until i sell so worth the look there.

A broken clock is right twice a day. People act like CC funds are magic and everyone’s going to “get out” before the downside hits. QQQI and SPYI are the same story — they sell calls, so their upside is capped. They only beat QQQ or SPY in short, choppy windows when volatility is high because that’s the only time the premium is bigger than the upside they’re giving away. Long term they mathematically underperform because they trade away the exact gains that create compounding. I’ve held QQQ for decades and I’m up \~2700%. No covered‑call ETF can do that because they literally sell off the upside every month. These funds are 2–4 years old and haven’t lived through full cycles. They look good now, but over real time they get smoked by actual growth. Facts

It’s about 10% for me split evenly between QQQI and SPYI. The rest is VOO/SCHD/VXUS/SGOV (for emergencies).

B. Age 35, 7 years until a pension... Retirement?
Overall: 21.6%
TSP:\~360k
IRAs:\~343k
Brokerage Acct: NLV\~255k (20% VTI/VOO, 20% GPIX, 20% SPYI, 20% TSPY, 10% BNDI, 10% Cash)
I've slowed tax advantaged investing to just the IRA limits and am building up the brokerage as a bridge between age 42 and 59.5. I show NLV in the brokerage as I've a couple of box spreads, one for leverage and one I took out for a car.
Any thoughts?

Retired. Probably less than 10% of my portfolio is in CC etfs. Have half of my assets managed by a wealth management team and the other half I control. I’m still currently dripping SPYI JEPQ MLPI I will start taking cash and drip half next year.

75% currently, almost 40. Have exited/exiting real estate investments to switch to equal weighted IWMI, QQQI, SPYI, MLPI currently which gives me \~6400/mo. I have another investment property on the market that’ll give me around another 700k to add more plus IAUI and GPIQ/GPIX
The cash flow beats real estate after taxes and I don’t spend 100% of the total so I don’t worry about the growth drag, I can save between 4-7k/mo to put into VT or other investments to make up for that side of it. I also have quicker access to borrow funds if I wanted at a lower rate than borrowing against the real estate outright

I have already retired I built a dividend portfolio in taxable brokerage account using QQQI 13% yield, SPYI 11% yield, KGLD 11%, EMO 8.5%, UTF 7%, UTG 6.2%, PFF 6%. This portfolio generates more income than I need for living expense of 5K a month. This insures I always have some income reinvested to compensate for inflation. And if a dividend reduction occurs in any one of these I should be OK. I have growth in my 401K and Roth

NLY is doing okay?
[https://totalrealreturns.com/s/SPY,GPIX,NLY,SPYI,SCHD](https://totalrealreturns.com/s/SPY,GPIX,NLY,SPYI,SCHD)

2 core holdings of CC ETFs, MLPI, SPYI 15% each of total portfolio. Everything else is regular dividend payers that I sell and will continue to sell covered calls on. Should be at about $15,000 in ETF income monthly plus another $5000-$7000 from remainder of portfolio. I plan for the best and am prepared for the worst.