PFFA
Virtus InfraCap U.S. Preferred Stock ETF
stock NYSE ETF

Those are great funds, but you may want to diversify away from covered calls. Here are some other great options to consider: PBDC, PFFA, CEFS, HIPS, CLOZ, and FSCO

No, The risk for me of capital loss is too great., if you take a look at a good. Preferred ETF like PFFA. Which I think is run by Virtus. It fell 60% in March of 2020, and it fell. 30%. Just recently, after Liberation Day. Now it bounced back both times, but I just don't like the huge drawdowns. Which are caused by the Market Re rating the bonds creditworthiness and default risk when we start to go into recession or have a market correction.
If you are closer to retirement and want multiple high yield sources that you are going to hold for years, then they are great, any preferred fund ETF. But I only keep cash for purpose of investment into long positions when a market correction comes, so I don't want my capital pool to fall when I need it most, this is kind of what Buffett is doing now with that 355 billion in 3 months T-bills, at 4.3% - opportunity cost

Take the 2M and you can have them both.
1M in SPYI/QQQI/PBDC/PFFA/JBBB/BTCI/FSCO equally for income - weighted average of 13% annually across six asset classes with some managed risk for an fairly aggressive income slice without resorting to single stock covered call funds.
1M in VOO or VTSAX for growth.

Not more than 5% in any one holding, invest across various sectors and types of investments (REITS, CEF, MLP, Equity, Bonds, covered call etfs, etc). Some examples; JEPI, BND, BST, RLTY, CEFS, CLOZ, QQQI, FSCO, BALI, ADX, IDVO, IBIT, BTCI, BSM, MPLX, ARCC, PBDC, PFFA, etc. I like to hold RSP,SCHD, and VOO also. I don’t drip, I look at my portfolio a couple times a month and buy whatever is the best value at the moment. If nothing looks interesting I’ll park money in TLT or BND until I need it. Understand what you own, keep educating yourself constantly. Good luck on your journey

Those are great funds, but you may want to diversify away from covered calls. Here are some other great options to consider: PBDC, PFFA, CEFS, HIPS, CLOZ, and FSCO

No, The risk for me of capital loss is too great., if you take a look at a good. Preferred ETF like PFFA. Which I think is run by Virtus. It fell 60% in March of 2020, and it fell. 30%. Just recently, after Liberation Day. Now it bounced back both times, but I just don't like the huge drawdowns. Which are caused by the Market Re rating the bonds creditworthiness and default risk when we start to go into recession or have a market correction.
If you are closer to retirement and want multiple high yield sources that you are going to hold for years, then they are great, any preferred fund ETF. But I only keep cash for purpose of investment into long positions when a market correction comes, so I don't want my capital pool to fall when I need it most, this is kind of what Buffett is doing now with that 355 billion in 3 months T-bills, at 4.3% - opportunity cost

Take the 2M and you can have them both.
1M in SPYI/QQQI/PBDC/PFFA/JBBB/BTCI/FSCO equally for income - weighted average of 13% annually across six asset classes with some managed risk for an fairly aggressive income slice without resorting to single stock covered call funds.
1M in VOO or VTSAX for growth.

Not more than 5% in any one holding, invest across various sectors and types of investments (REITS, CEF, MLP, Equity, Bonds, covered call etfs, etc). Some examples; JEPI, BND, BST, RLTY, CEFS, CLOZ, QQQI, FSCO, BALI, ADX, IDVO, IBIT, BTCI, BSM, MPLX, ARCC, PBDC, PFFA, etc. I like to hold RSP,SCHD, and VOO also. I don’t drip, I look at my portfolio a couple times a month and buy whatever is the best value at the moment. If nothing looks interesting I’ll park money in TLT or BND until I need it. Understand what you own, keep educating yourself constantly. Good luck on your journey

they do get hit hard during recessions or 10yr yield rise, in 3/2020, PFFA fell 60% and in 2022 fell 28%.