SPYI From NEOS offers a 12.29% Yield... But should it earn our $$$...

[@stonks4days1]

SPYI is like JEPI before it was cool. There's a lot of opportunity in being an early investor for ETFs as long as you fully understand the prospectus. As someone who was somewhat early in JEPI in 2021 I think it has a chance to be a billion dollar fund as long as they perform well

[@tahirisaid2693]

I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million. One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per mnth through my super which gives me total $240,000 a yr to live comfortably. I have no debts ... Stay Motivated!!

[@tahirisaid2693]

Credits to ROCH DUNGCA-SCHREIBER, she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience...

[@georgestone0123]

Thanks so much I was able to find her page and I already leave her a message.

[@mjsmcd]

No elns though

[@stonks4days1]

@@mjsmcd guess this comment aged well lol 1.08 billion AUM as of 4/7/24 on seeking alpha

[@LeonWilk2]

My honest advise to new investors ,buy and hold quality stocks. Ignore market forecasts and opinions, they're mostly entertaining but not very helpful.

[@AlinaWinkler233]

Achieving significant returns isn't about volatile stocks; it's about effectively balancing risk and reward. Proper position sizing and leveraging your advantage repeatedly are essential, whether you're a long-term investor or a day trader.

[@LeonWilk2]

Certainly, many underestimate advisors until emotions lead to losses. A few summers ago, during a tough divorce, I sought a licensed advisor who, through diligent work, boosted my business from $190k to around $720k despite inflation.

[@JanetMorgan3]

Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.

[@AlinaWinkler233]

wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@LeonWilk2]

The Adviser I'm in touch with is *'Jude Ryan McDonough'* , he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. He provides entry and exit point for the securities I focus on.

[@erwinh.8821]

I just dumped both my JEPI and my JEPQ for SPYI. Tracks the index better, better capital appreciation, dividends only vary by a couple pennies, and the dividend is higher than either JEPI or JEPQ at a cheaper price! What’s not to like?

[@wealthadventures]

I'm going to give it more time.

[@unorthodocs1]

Be careful. Volatility has been down and options premiums drop because of that. If SPYI still pays high dividends you have to wonder. They are paying return of capital per their site. I’m loving my JEPI and JEPQ. Sleeping soundly.

[@wealthadventures]

@@unorthodocs1 They show it as ROC but fine print leaves them an out. Until you get a tax statement, we will not know.

[@michaeldo1988]

ouch

[@yogimaster1]

I just checked (10 months after this video) and the net assets are currently showing $1,259,614,827. That's some amazing growth from only $84,000,000! I feel this fund will always perform well as long as the stock market (S&P 500) goes up or sideways, which is most of the time. If a black swan appears, just sell it since it's not based on growth and there should be little capital gains tax.

[@wealthadventures]

SPYI has done well. I'm talking to the fund manager next week. Any questions you want answered, let me know!

[@rcdyer]

I have a moderate position in it. It's outperforming JEPI as of now. We'll see how it goes.

[@bootstrapstylerich]

UPDATE: I'm in SPYI as of early 2024 and satisfied = I got in when the price was a little higher than it is now - but looking at its 5 day, YTD and Life = it's not doing too badly and standing up very well (price levels are in a consistent range and generating a nice monthly income)!

[@wealthadventures]

Yes. They are doing a good job over at NEOS with this one.

[@JaeDaeDae]

I read an article recently on SCYB, a new Schwab high yield bond ETF. Im not sure on when its supposed to launch but seemed like worth taking a closer look at it.

[@wealthadventures]

Will do! Thanks.

[@rickwalker5203]

SPYI is doing well, keeping the NAV stable, great dividends too!

[@wealthadventures]

Yes. Holding up well.

[@WoJackMan]

Look at the total return chart of SPYI vs SPY and they are nearly identical. It doesn't seem to matter if the market is up, down, or sideways, the return of SPYI is very similar to the underlying index. Unless you need the income now, you might as well buy SPY with the much lower expense ratio

[@wealthadventures]

I think long term investors that don't need the income should be in SPY. SPYI may serve a purpose for those looking for some hedging to reduce the volatility in their portfolio.

[@michaeldo1988]

@@wealthadventures im looking build a portfolio to cash flow enough to replace working. I think it can be done with these etfs and still grow the portfolio long term if reinvesting the dividends

[@wealthadventures]

@@michaeldo1988 Perhaps... But that kills your cashflow. I think these are good as a portion of your portfolio if you do want some cash but I would balance them with other alternatives. I did talk to one of the founders at NEOS about SPYI this week and will have a follow up out shortly on this one.

[@michaeldo1988]

@@wealthadventures wouldn’t it increase my cash flow? why would it kill it? Neos did an interview with Passive Income Investing channel recently too. i’m curious to hear your thoughts on why this would be a bad idea vs going Dividend growth route which would be slow!

[@michaeldo1988]

@@wealthadventures what are the other alternatives? you mean it kills my cash flow because i’d be spending it?

[@J123G]

Being a fund with deep pockets I doubt they are trading SPX spreads, it's more likely naked option trades. Looking at the NAV at this point it's surprisingly stable, especially the last 2 yrs.

[@wealthadventures]

Hi. After talking to the fund manager, he said they had not purchased any calls as of that time. Just selling SPX options against a portion of the portfolio.

[@brucelevin5401]

I do not think you can compare covered call ETF's with the performance of the underlying index without adjusting for volatility. They are not the same and some consideration should be taken for after tax returns. There must be a way to back test the data for a bear market period.

[@jazar02]

The low beta in these income ETF's make them interesting to me. Good income, reduced market risk.

[@Bullseye120]

Dave, I have been a subscriber of your channel for a while. Thank you for the review of SPYI. Another channel is reporting that SPYI dividends so far have been return of capital transactions. I would love to hear your thoughts if you also think that is the case.

[@tvtriviachampion]

The other channel is Armchair Crypto and I have the same question 😊. They made a follow up video and basically said Lots of ROC but we won’t know if it’s good or bad until the SPYI financial statements show NAV going up vs down.

[@wealthadventures]

Hi. Hard to tell. Monthly distribution info is here under [Supplemental Tax Info]: neosfunds.com/spyi/#distributions Shows as ROC mostly but like we see with other similar funds it is hard to tell until they report tax treatment at end of year. One of the reasons to wait in my opinion.

[@richardthorne2804]

I'm not a fan of this strategy, I prefer my covered call ETFs to stay away from buying calls and/or puts (I am glad you mentioned NUSI). Great content as always : )

[@wealthadventures]

Thanks Richard!

[@garryjurewicz8196]

Thanks for review. Can you review HEQT which is similar to SPYI but with downside protection. Manage by simplify who made SVOL.

[@wealthadventures]

I will take a look. Thanks!

[@dpragain]

Between the fund managers being from NUSI and the fact that SPYI pays ROC, I think I will pass on this one. Wish it was good tho.

[@razorrook218]

It's constructive ROC

[@boatnic]

Your videos are great. Could you do a review on SVOL?

[@wealthadventures]

Thanks. Sure. I will try and do something with SVOL soon.

[@boatnic]

@@wealthadventures Thanks for doing that. I'm looking forward to your review of SVOL. I recently bought 2,500 shares and will receive my first $800 monthly dividend this Friday the 30th. The 17.5 % dividend yield is amazing, as long as the share price doesn't have much beta.

[@hansschotterradler3772]

Thanks for the video. Same here, no rush to jump into this at the moment IMO. This is too new and too small.

[@jazar02]

Same stuff was said about bitcoin in 2013. :)

[@jamesleonard4713]

1 year later - Any update on SPYI? Have you bought any?

[@briangemmet3567]

Hey Dave Love the old school clip that was a perfect analogy, also a hilarious movie, haha, lost a 1k this week, luckily it was house money but man, trading is so cutthroat, as soon as I think I’m super smart the market humbles me, the gf says I’m being too aggressive which is definitely True👍 I’m gonna tone it down,…..maybe 🤔

[@wealthadventures]

Thanks! It will never stop humbling us...

[@Mushyo]

Can you look at PFLT please? theres not alot of coverage on it and it seems like theres alot of interest into it.

[@wealthadventures]

I will take a look.👍

[@JOHNHSMITH2]

I have 1600 shares of tsly

[@wealthadventures]

That will be a wild ride.

[@JOHNHSMITH2]

@@wealthadventures true. Which should help with the premiums!

[@nickg1718]

I have over 10,000 TSLY .wish me luck 😂

[@Sportvent]

With JEPQ being it's a covered call. Are they selling the stock? I believe they are not, I thought I read that it was a cash transaction but I may be misremembering. Do you now if the managers sell shares if the contract comes into money? Thanks.

[@wealthadventures]

Hi. JEPQ uses ELNs which are a combo of equity market exposure and short options. That provides a coupon on the ELN per the fund manager.

[@brettdeluca3166]

Well said! I’m subscriber!

[@wealthadventures]

Thanks!

[@brucef1299]

I've been taking weekly $25 DCA nibbles of SPYI over the last three weeks. Brokerage notification this morning that I'm getting $0.75 on 6/26. $0.4966/share. I'm doing a similar experiment with OMFL.

[@wealthadventures]

Let me know how the experiment goes!

[@d.k.barker9465]

Hi Dave. Could you take the distributions as stock? If so, and that % holds you'd double your money in 5 years or less, right? Thanks Dave, just found you, been doing covered calls and wheeling for a short while. Seems to work pretty well.

[@wealthadventures]

Hi. Are you talking about reinvesting the distributions? If so, you certainly could. You could also use them to buy something else.

[@justinfreeman3633]

I saw another video that it return of capital every month. Any comments?

[@justinfreeman3633]

Return OF capital not return ON capital

[@wealthadventures]

@@justinfreeman3633 It does look like that is the plan so it depends on how you look at ROC for your position and tax bracket... And the overall return from this fund. I buy ET which is an MLP for the ROC. I look at that differently. For now, I will just watch SPYI and gather more info.

[@selvakumarramachandran7627]

What is your suggestion on buying SPYI now?

[@wealthadventures]

Hi. I still prefer JEPI and JEPQ but I'm keeping an eye on it.

[@brettdeluca3166]

Spyi better in a taxable account or ira?

[@wealthadventures]

Better not to pay taxes so IRA... But, if you are buying it to use the distributions you could use it in a taxable account. Last year it ended up pretty tax efficient considering ROC.

[@brettdeluca3166]

I just want generate income in my It’s tax free I’m 57 years old. Thinking about adding Jepq and spy $20k each not reinvest dividends, use the Roc and buy other equity or bonds.

[@rogerokon9821]

Dave, Can you go back and review and give your opinion once again?

[@wealthadventures]

I'll do a follow up here in the future.

[@gerardcardinale407]

Is it possible for these etf to go under and you lose your investment

[@wealthadventures]

Hi. I suppose it is possible but highly unlikely. They own a basket of stocks. They are selling some options to try and add income against an index.

[@gerardcardinale407]

@@wealthadventures thanks

[@tvtriviachampion]

Nice overview of SPYI. 👍🏼 I like selling covered calls to make income. But Armchair Income pointed out that buying calls with investor funds costs money and if the strike price isn’t reached the option expires worthless. This sounds more risky than selling covered calls. Do you agree?

[@wealthadventures]

Hi. Not necessarily. You do have to "pay for the calls" but if you are simply defining your risk by using it as a spread it will allow for you do capture that upside in a market rally. It does sound like they are trying to time it which is suspect.

[@tvtriviachampion]

@@wealthadventures I agree!

[@jimcollins6579]

Dave, you TOTALLY missed the fact the nearly 95% of the DISTRIBUTIONS on SPYI are RETURN OF CAPITAL. This every month my basis comes down. Tax efficient true bit a loser in the long run

[@wealthadventures]

Hey Jim. I would like to see a tax statement at the end of the year. Until they report, that information is subject to change. Hopefully we will get better info when taxes are due this coming April.

[@jimcollins6579]

@@wealthadventures hey Dave, it is In Their monthly results.

[@wealthadventures]

@@jimcollins6579 I think they leave it open ended with a statement about end of year taxes.

[@shawnbrewer7]

Great time capsule. It's over $2 billion now.

[@wealthadventures]

Yes. It has been on a nice run and is working well for income investors. So much for the Neo jokes...

[@echoeversky]

The JPM Collar be like oO

[@Ramcas42]

AUM has doubled since the rlelease of this video.

[@wealthadventures]

It will probably continue based on all the recent publicity. I'm still okay being late to the party.

[@MM-mq3sq]

Look to ROC....be careful😉

[@mikebiehn3650]

You claim SCHD is having a good year.......WTF? Can you read the numbers both in the red......This is why I don't listen to financial planners.

[@wealthadventures]

What claim?

[@AlRahman-nirraheem]

please

[@joemeyer2726]

7.7% vs 11.4% SPY so 48% under performs SPY, horrible

[@notenrique666]

Take your time. It’s too new.

[@wealthadventures]

Agree.

[@AlRahman-nirraheem]

Tsly review

[@wealthadventures]

I'll take a look.

[@felixcole3912]

👀 *PromoSM*

[@kF-mj9uz]

No