QQQI
NEOS Nasdaq 100 High Income ETF
stock NASDAQ ETF

I own GPIQ along with QQQI and many other CC ETFs. Love them, but they will move with the QQQ market movement while kicking off regular disbursements.
If you are in retirement or near it, then GPIQ could be a reliable income source, but if younger and in growth mode, for tax/performance reasons, it may make sense to steer clear of CC ETF's.

I dont think you understand how QQQI works. QQQI with reinvested dividends plus capital appreciation outperforms VOO. If you actually invested in covered call funds, you wouldnt be asking this question.

Don’t fall for the covered call bullshit. SPYI and QQQI are just selling future gains and capping your top. I like VYMI and SCHD.

I like both but I think GPIQ is slightly better than QQQI in any type of market other than a huge downturn.

The whole market can be volatile that's not exclusive to CC ETF's, and it's confusing to me that you're worried about market volatility when QQQI has outperformed BXSL and that includes the recent downturns which it has recovered from (-17% BXSL VS +2% QQQI). Idk what you're expecting but I don't think you're missing anything, invest in what you like that's all I can say because I don't want to keep going in circles here.

Well to be clear I don't know if BXSL is "safer"... I said there's no equities risk, only credit risk, because they don't hold equities, only loans. I do think the income from BXSL is fairly dependable, though, because Blackstone holds almost exclusively first-lien secured debt. I don't really plan to sell the shares, so even if the share price keeps dropping I'm comfortable knowing the dividends will be paid out.
Covered call funds might be better for me and I just don't see their merits. QQQI, for example, pays similar income but depends on market performance, and will fluctuate with the market. If the nasdaq drops the income will decrease as well. I'm retired so that might be an issue as I'm more concerned about dividend consistency than total return. But I see a lot of retirees with cc ETFs in their portfolio and I wonder if there's more to it that I'm not considering.

QQQI is a necessary evolution from the yield-traps of the 2010s. It captures Nasdaq upside and generates distributions through data-driven option overlays. Which is why it’s a tool for those who recognize the 60/40 model's obsolescence. You’re trading full capital appreciation for tax-efficient liquidity. So it’s a sophisticated volatility harvest, mirroring the risk-management lessons of the 1998 LTCM era.

JEPQ is not tax friendly... best to go with QQQI or EPD, or any qualified dividend etf/stock.

Does the $15,413 pnl include all the dividends as well or just % gain from QQQI going up from \~$52 -> \~$55, cause it seems like the latter.
Does this mean you've made \~$75k in total from just holding this??

Better to get QQQI.

He said he uses some of the high monthly income which you otherwise wouldnt be able to do with QQQ. I like that QQQI gives you options and is more tax efficient.

Well your assumption is wrong because I am invested in QQQI, but not my entire dividend/income portfolio is dedicated to it.

They’re not all bad. Take a look at this comparison of QQQ vs various QQQ-derived covered call funds https://totalrealreturns.com/s/QQQ,QQQI,QDVO,KQQQ,JEPQ,GPIQ QDVO handily beats QQQ in total return with dividends reinvested

$QQQI

I am retired collecting Social Security. Can't live off SS. I do indeed prioritize distributions as I need the income. QQQI, QDVO, and SPYI provide that income without my having to spend my nest egg. I have other investments as well. Bonds, CDs, other stocks and ETFs.

QQQI is a solid choice, a nice thing about this is that its ROC so even if held in a taxable, if you reinvest the dividends you pay not taxes unlike ordinary income from dividends from index funds.

Yeah. I saw with QQQI for every $100,000 you invest you get $1,200/month roughly. But not sure I want to put 25% in that.

One significant factor to hold QQQI is the tax. ROC will not be taxed and these calls are qualified for 60/40 treatments meaning even they don’t have ROC in one year, the holder pays 40% as STCG/ordinary income and 60% as LTCG. QQQI also buy OTM calls which helps capture upside in bull market. While whether put a lot of money in the cc strategy would be debatable, QQQI is a good ETF.

When you HSY reaches 6 months of your work income there is no reason to keep using a HYSA. Anything above 6 moths would earn more if invested. Many use growth index funds. However many also like dividend funds. For example 100K invested in QQQI a tax efficient fund yielding 13% payed Putin monthly installments. So if you don't reinvest the dividends from QQQI you get $1000 for as long as you hold the shares of QQQI. So after 20years of holding QQQI you would still get $1000 a month.
A cash emergency fund is nice but if you loose your jobe you would be basically out of cat after about 6 months. Now it takes longer to build up a dividned income stream but once you have it it is unbeatable if you cannot work for any reason. I only learned about dividend when I was 05. I converted excess growth in my taxable account to dividends and I now get 5K a month and retired at age 55. all my expense are covered buy my dividned income from my taxable acount. my 401k was full of growth and is not begin moved into a roth and invested for dividends. When done I will have tax free income for life.

Are you suggesting QQQI cannot lose money in a year? Is there a year QQQ is negative and the CC fund positive? No CC fund has ever out performed total return of the underlying over any meaningful sample size.
They aren't protecting against downturns they are providing some short term security of cash flow for total return