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

I think I'm going to cut JEPI on Monday and put it all in adding more shares to SPYI and QQQI.

That depends entirely on whether you want to pull cash flow now and your risk tolerance. Something like this would be fine: $150k QQQI, $150k SPYI, $200k SCHD, $150k VGT, $100k SPMO, $600k VOO, $100k gold/silver/Bitcoin, $50k emergency fund in HYSA.

What is the return of capital like when held 25+ years? I’m wondering for the tax perspective. JEPQ had a lot of short term gains so I sold it in my taxable. QQQI and SPYI how long to hold?

Retired last month at 55 and still 80% in high tech and Ai stocks like Micron, Nvidia, TSM, Broadcom and ETFs like VGT and VUG. I'm slowly diversifying into lower risks stock, dividend, high income ETFs like VTI, VXUS, VYM, VYMI, QQQI, SCHD, SPYI.
I wouldn't be 100% in VOO but would put some into more high tech/ai and then some more diverse lower risk stuff.

I was thinking about SPYI, QQQI, and BTCI in a taxable brokerage.

No not all QQQI. There are risks when you rely on income from one fund. So it is best to have at least 5 sources of dividned income. SCHDD is not really a dividend fund yes it pays a higher dividend than growth index funds but it is still very small. SCHD is more of a growth fund than a dividend fund.
For low tax drag dividend funds you can use QQQI 13% yield, GPIX 8%, IAUI 11%, EMO 9%, UTF 7% UTG 6.$%. For IRA,401K, or Roth accounts were dividends are not taxed I would go with QQQI 13%, SPYI 11%, IAUI 11%, ARDC 9%, PBDDC 9%, EMO 9% CLOZ 8%, PFFR 8%, UTF 7%, UTG 6.4%, JAAA 5%
Ideally you want enough income to cover all of your living expenses with the rest of your income in growth. funds.But if your retirment fund has limited money use a mix of the highest yield funds.

My JEPQ, SPYI, and QQQI have rebounded way better than my JEPI. So, I think I'm going to put more focus into building up those 3.

SPYI follows an index. JEPI does not.

I put my extra cash into 25% each SGOV, USFR, SPYI, QQQI. I move SPYI and QQQI dividends equally into the other two on a monthly basis. This has been working well for me.

Really you should look at your lifestyle and how much you can live on. With 10 million even if you stuck it in a high yield savings account at 3.5% you could have 350k every year without investing in anything and live off of the interest.
If you stuck it in Covered call ETFs like XYLD or SPYI you could be doing a million in dividends a year.

How easy is it to buy an index fund?
You don’t think I have a bunch of those?
I also hold QQQI, SPYI as income holdings.
I have Roth IRA account that I buy and hold long-term stuff, and I have a brokerage account that I trade in and as I said before, make over 12%, for a hobby.

>the flip side worth tracking: some of the names generating your dividends (PSEC, DNG, DHF) are higher-yield vehicles that carry more credit or distribution risk than your core holdings.
I actually don't hold most of these any more. Most were bought a couple shares at a time over a period of 10 years as I contributed my $25 weekly, and I was trying to get a dividend payout every day. I've sold off most and moved the capital into HMAX, ADX, AGD, AOD, SPYI, JEPQ, GSL, and FLNG for my dividend stocks (I get $12,490USD annually). Those dividends help fund my options wheel which so far in 2026 has given me a 13.99% yield.

I own all these. Jepi has really under performed. I know its supposed to be low volatility, but negative return?
**AI gave me my answer but I still don't like it: JEPI is lagging because this was a “risk-on / rebound” month, and JEPI is built to sacrifice upside for income and lower volatility.** It may look weak next to SPYI/GPIX during a rally, but that same structure is usually supposed to look better during sideways or down markets.
https://preview.redd.it/prm9jenxw30h1.png?width=2041&format=png&auto=webp&s=25eeaa760af119566fcdf08106d5718cf21835ca

Go all in with SPYI and add some SCHD. Put it all on DRIP and forget about it for 30yrs….Download DivTracker to follow your portfolio. Enjoy! Keep your head up!

You're correct which is why I'm pleasantly surprised at how well SPYI recovered after the April 2025 and March 2026 downturns.

In comparison, QYLD has terrible decay and still hasn't recovered from april 2025

10 million id definitely have different accounts with different blocks for different purposes.
2 million in a long term growth focused account. Mainly etf like SPY, VTI, with some SMH, QQQ, IWM, XLF, XBI, XLV, ITA, IYT, IGV. I’d sell far OTM covered calls hoping they expire worthless and treating it like another dividend.
2 million in a income based account with Covered calls ETFs that generate a healthy dividend every month. SPYI, XYLD.
2 million in real estate
2 million in bonds, treasury, international and China based ETF
1 million in single blue chip stocks.
Half million cash used to buy Leveraged ETF during pull backs that have RSI at weekly oversold conditions. SOXL, TQQQ , TNA, SPXL.
Half million to gamble with call or put options.

I started transitioning away from the yieldmax single etfs in my other brokerage where it’s just all dividend income. Went with SPYI, XDTE, and SCHD as my mains. Still hold a few like YMAG and a few other companies, but my Yieldmax days are mostly over.

Broad indices, from less to more diversified. Choose 1. Buying more than one of these is overlapping.
- S&P500 [SPYL](https://www.justetf.com/en/etf-profile.html?isin=IE000XZSV718)
- Developed World, large & mid caps [UETW](https://www.justetf.com/en/etf-profile.html?isin=IE00BD4TXV59)
- Developed and Emerging World, large & mid caps [WEBN](https://www.justetf.com/en/etf-profile.html?isin=IE0003XJA0J9)
- Developed and Emerging World, large, mid & small caps [SPYI](https://www.justetf.com/en/etf-profile.html?isin=IE00B3YLTY66)

If by derivatives you mean a JEPQ, yes. GPIQ, GPIX, SPYI, JEPI and JEPQ.

The "collected $10K in dividends but still net negative" experience is exactly what trips most people up with these funds. The distribution FEELS like income while it's happening, but if NAV is bleeding faster than the premium offsets it, you're basically distributing your own capital back to yourself with extra steps. Your brain registers each payout as free money even as the underlying shrinks.

The transition to SCHD, JEPQ, SPYI is genuinely a quality upgrade — better underlying companies, more sustainable distribution structures, less exposure to single-stock volatility compression that tends to destroy the YieldMax thesis over extended periods.

One thing worth watching: the DRIP timing. Dripping back into SCHD-type funds where NAV tends to be stable or growing is compounding in the right direction. Dripping into a fund with chronic NAV decay is effectively buying units of a declining asset — you're compounding the drawdown. Worth checking each fund's 1-year NAV chart before committing DRIP long-term.

Also one underrated point: running these in a 401k was actually the right instinct regardless of how the strategy played out. YieldMax distributions are almost entirely non-qualified ordinary income, so shielding them in a tax-deferred account was the correct tax-location call. That part was solid.