SPYI From NEOS offers a 12% Yield... Should we buy? Let's talk to the co-founder and figure it out!

[@wealthadventures]

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[@sdrs95a]

Do you like SPYI or HIGH better?

[@normansimonsen1203]

why was I thinking seeking alpha was about 600. $ a year ?

[@wealthadventures]

@@sdrs95a Different products really. HIGH is more of a cash alternative. If you want to put money to work, SPYI should offer more upside... if the market holds up. SPYI is a good comp to JEPI and JEPQ.

[@wealthadventures]

@@normansimonsen1203 They do have some different membership levels. However, this is the best deal they have promoted this year.

[@rexrandall33]

It’s probably my favorite income ETF. I like it more than JEPI or JEPQ but I think the reason is the distribution is more consistent with SPYI. My allocation is below 2% but I want to get it to 5%.

[@wealthadventures]

It seems to be picking up fans and some momentum.

[@Seoulsearch616]

I've had this on my watch list for a while. Thank you for this interview... Looks like I'll be placing an order soon. 👍🏼

[@wealthadventures]

Good luck with the investment!

[@nationalnotes]

This guy provided one of the best ROC explanations I’ve heard. Also, one of the most accurate from an accounting standpoint. Bravo!

[@wealthadventures]

He knows his product!

[@enricomonesi5856]

I love the product.....watching the founders and hearing about their transparency on you tube did it for me..... will be adding

[@wealthadventures]

I do like that they are getting out in front of it and are excited to talk about it.

[@armchairincomechannel]

Who needs CNBC? Enjoyed the interview.👍

[@wealthadventures]

Ha! Thanks. You seem more natural with the interviews. I need to head to interview 101 class.

[@billstidams6658]

Let’s hope Killer Cramer doesn’t endorse this fund.. kiss of death! 😂😂😂

[@elliotthall5543]

I appreciate your videos on this and NEOS. I own 125 SPYI at this point, which I likely would have not done without this info regarding ROC/helping me understand it correctly. I'm going to be buying into QQQI as well.

[@wealthadventures]

Thanks! Good luck with the investment.

[@carlostheman1671]

It’s definitely a buy in order to start building a bigger income spitting machine! Combining VOO or SPY with SPYI isn’t a bad idea at all.

[@wealthadventures]

I agree. I think it can be a good way to throttle between growth and income.

[@tenhomas]

Great video, thanks. I've watched a few others as well and did my research on SPYI. I stared adding this to my portfolio around September but most of my shares were purchased during the October down turn. Makes up about 4% and I plan to add more next year. I have it in my taxable account and use the income. I'm now a 59 year old, retired for one year.

[@wealthadventures]

Congrats on retirement!

[@bfine1962]

Great video. I own SPYI since 6/28/23, performance is -5%with dividends reinvested, SPY is flat

[@wealthadventures]

Thanks. I have a small stake just to watch at the moment.

[@robertsmith6408]

I have been watching SPYI for awhile now. I did enough research to add it to my Steady Eddie funds that include, GOF, PDI and JEPQ. I think SPYI has potential for capitol appreciation while giving a nice 12 percent div yield, which is nice. Going to take some time to fund it.

[@wealthadventures]

Good luck with steady Eddie!

[@jdedad]

I think he made a point in saying in a flat to down market this does well, looking at vanguard and other ten year forecast it seems this may be a good choice for the next several years

[@RiderTejaKesineni]

Love this ETF holding from last 8 months

[@Professor.Joe1]

Great interview. I have a few shares of SPYI and slowly building a position

[@wealthadventures]

Nice! Good luck!

[@peterholmes2089]

Good interview. Already a SPYI fan, but learnt a little more with that. He mentioned CHSI which I had not heard of before. Sounds interesting for parking short term cash. Seems similar to HIGH but has less volatility and slightly less return.

[@wealthadventures]

Thanks. CSHI and HIGH are similar. Like you said, CSHI has a lower targeted return with more conservative options. I talked with Troy about this one as well and should have a video out tomorrow.

[@blakechesbro3602]

Good day, purchased it two months ago & very happy with it thru the wild market swings of the past few weeks. Share price barely moved up or down and that dividend is a home run ! I will be making SPYI and JEPI the cornerstone of my dividend portfolio. PS. Hijacked by the mary gail followers, its a new trend taking over so many channels comments, just like yours.

[@wealthadventures]

Nice! Keep it going!

[@monetarywonk2687]

Great interview. I appreciated the nuts and bolts discussion about options losses. Needed to understand how exactly the return of capital is provided/calculated.

[@wealthadventures]

Thanks. It has been a good performer since inception for those looking for income.

[@rodericklewis6108]

I’m still rocking with SPYI and looking to grow my position.

[@wealthadventures]

Nice! Good luck with it.

[@connieshaw7829]

Thanks, it was interesting to hear an explanation from the “horses mouth “. Like my JEPQ right now but these ETF will be on my watch list for my next step expansion. Thanks for your videos.

[@wealthadventures]

Thanks for watching!

[@bradanderson1024]

I own shares of spyi. Goes up and down but does not seem to have a sinking NAV. I like this better then etfs with 60% dividends and 65-70 sinking NAV.

[@wealthadventures]

I agree. I prefer some appreciation along with my distributions.

[@123lowp]

If you've sold covered calls on your own, you know where this strategy is going. Instead, I recommend holding SPY, VOO, or IVV. The best option for the long-term investor is to buy a growth index, such as SCHG, VUG, VONG, MGK, or VOOG.

[@wealthadventures]

Agree on the long term options!

[@kevinrca]

Thank you for the reply, I’d definitely take a position along with my position in SPYI

[@KennyZ1615]

Insightful video. SPYI is a small part of my portfolio.. I dont need the cash right now but man needs his income lol

[@wealthadventures]

That sounds familiar. Small segment of the pie for me but enjoy that little extra each month.

[@Chris-fl5lw]

Fantastic questions

[@wealthadventures]

Thanks!

[@g.ajemian4968]

Great video, Dave always enjoy your Contant. One question would be what would be the absolute worst case scenario for this as far as NAV goes if the market tanked with this tank, I realize you would still get some dividend premium to offset but I see an equity like TSLY that just continues to crater.

[@wealthadventures]

Hi. If you own this and the market tanks it will lose value but it will still be a better position versus just owning the S&P. Potential problem would be if the S&P recovered quickly after a crash and that cycle continued to repeat. Not a typical scenario. However, one of the nice aspects of SPYI is that they don't sell options against the full value of the fund and they have flexibility with that %. They can also buy calls in certain situations.

[@kevinrca]

I’d be interested in knowing if they are going to launch a Nasdag and Russel version ……

[@wealthadventures]

I think they are working on a Nasdaq version.

[@cryptogrrls]

Excellent video, thank you!

[@wealthadventures]

Thanks!

[@scottcampbell7944]

So, SPYI has a proprietary model, the exact guts of which are a trade secret of course. But they are doing better than JEPI which is why I switched to SPYI.

[@wealthadventures]

They follow their model. This year it has held up well versus JEPI.

[@bluesky5587]

More than held up …it is beating jepi in total return from inception

[@mjsmcd]

Downloading info from custodial broker toi turbo tax or h and r block or other tax service will give them all the roc info they need to do ur ur return i assume Correct?

[@wealthadventures]

Yes. They should have everything they need.

[@jboy1757]

So after this meeting, how about an updated perspective of SPYI?

[@wealthadventures]

I own a few shares but still mainly an observer. I plan to see how my tax situation with my shares is handled here next month.

[@mjsmcd]

The losses they pair with distrubution for roc label are caused by what exactly for those of us not options experts?

[@wealthadventures]

They own the stock. If the stock goes up, they keep those gains but do not nave a taxable event since they do not sell the stock. However, the options during this same time will likely show a loss and will have a taxable event when closed. I would think that during a good year, ROC will be a larger component versus a down year or a year with no growth.

[@mjsmcd]

@@wealthadventures thank you appreciate it

[@AnyangU]

Good content. I own a handful as a way to boost income. I personally would keep my allocation small. It is a little spice, not a main dish.

[@wealthadventures]

I agree!

[@collectorzdream]

Great video Dave! Do you personally like SPYI better than jepi and jepq ?

[@wealthadventures]

Hi. I have a small stake in SPYI (50 shares) and mainly just watching the progress. I have larger stakes in JEPI and JEPQ but still keep these funds as a small % of my portfolio. I do like some of the concepts with SPYI such as selling calls on only a portion of the portfolio and the tax benefits of the index options. I would say I currently prefer JEPI/JEPQ but SPYI has promise.

[@collectorzdream]

@@wealthadventures i appreciate the response 👍 Thats good to hear I also have a decent position in jepi/jepq. Thanks Again!

[@cwillis1887]

Good job on the interview

[@wealthadventures]

Thanks!

[@cb24955]

I wonder if this fund would ever initiate a year special distribution.

[@wealthadventures]

A possibility but I would not count on it.

[@brucef1299]

Started nibbling on this back in June and ultimately sold it off in August after looking at their 19a-1 showing 91% of the distribution classified as ROC. Then all the explanation of ROC damage control videos started appearing. From a practical standpoint, YTD this one rides in the total return gap between HIGH and JEPQ. I think I'm happy with my allocations to those two and I'll take a pass on adding this back into the portfolio mix.

[@RobertS-nx7bm]

The last 2 distributions by HIGH have been ROC per their website.

[@wealthadventures]

No problem watching. See how it develops.

[@nikolaygannev4294]

​@@RobertS-nx7bm I don't understand why people don't like ROC from tax purposes???? From what I know (talking about taxable account only) ROC is actually not bad at all, bc it just lowers your cost and you don't have to pay any taxes NOW this year. Yeah you will eventually pay when you sell, but if you plan this longer term you can pay first long term cap gains and also if you sell when retired and your tax bracket is way lower you may end up paying very small amount. Open your eyes - ROC is not too bad at all!

[@bluesky5587]

Spyi todate has a greater total return than jepi ..fact

[@Gman-69]

Great video and interview Dave! It’s been on my radar for awhile

[@wealthadventures]

Thanks!

[@DP52001]

I see a lot of comments on-line about these managers “ran NUSI” and that was a mess…not sure of the validity/speaking from a place of ignorance; just always want to have all the facts…thoughts? Thanks!

[@wealthadventures]

They were part of managing NUSI. It had a really bad period and it is not my favorite strategy... but it is also up over 30% this past year slightly outpacing the S&P. People are often too short sighted with the market.

[@nebojsa1976]

Where will SPYI be 25 years from now? Anybody has magic ball? Will it go to 0 if there is drop of 20% in S & P 500?

[@wealthadventures]

Not sure about 25 years from now but... If the S&P drops 20% tomorrow, SPYI should drop by a little less.

[@nebojsa1976]

@@wealthadventures In any combination of economy (good or bad or disasterous), can it go to 0? 3X funds will go to 0 probably, but is SPYI more safe than these kind of funds (2X or 3X)?

[@wealthadventures]

@@nebojsa1976 It can drop in value but it really can't go to zero IMO.

[@stanklein7819]

are you sure the 12% yield is not your own money being returned.return of capital is different than return on capital.

[@wealthadventures]

This is ROC - Return of capital. It is your basis being reduced but it can be a benefit for tax purposes for some.

[@Sportvent]

Not sure how they are able to classify returns as ROI and not be returning your original investment. I don't know enough about this to understand how this is done. With that said, this is highly attractive when you can reduce your tax liability.

[@wealthadventures]

Best to dissect at the end of the year once you receive your tax information.

[@nikolagenov8881]

What is the drawdown of this ETF compared to SP500?

[@wealthadventures]

Looks like max drawdown this past year was around 5.8% versus 8.3% for the S&P.

[@leanbodycoaching]

Are they selling naked calls out of the money, covered calls, or synthetic calls without owning the stock?

[@wealthadventures]

They use S&P index options and sell OTM calls based upon their calcs. Index options are settled in cash so no assignment issues. Option trades are covered by the NAV of the fund.

[@normansimonsen1203]

I appreciate your videos. I have some SPYI. You and Armchair Income could do a show.

[@wealthadventures]

Thanks! I'm down if I can do on location in Australia.

[@normansimonsen1203]

@@wealthadventures I don't think we could blast him out of Thailand.

[@wealthadventures]

@@normansimonsen1203 Oh... Why did I think he was in Australia?

[@STF68]

Nice job. I owned some then sold off over the return of capital issue. Now that I better understand what they are doing I have bought back in ( a little ).

[@wealthadventures]

Thanks. I still keep my allocation small for all these funds and like mixing them together. I'm mainly watching SPYI but I do own a few shares.

[@Krefeld2023]

Why not Amplify ? Is not so expensive. IDVO, DIVO ?

[@wealthadventures]

Good products. I own shares of both and have often recommended them.

[@Jeguia85]

They should do a QQQI

[@wealthadventures]

I believe it is in the works.

[@stephengoodwin5403]

Why did he name it SPXI! 😊

[@getsugatenshoFTW]

Spx is the index name

[@stephengoodwin5403]

Sorry, I meant why didn't he name it SPXI instead of SPYI. Because it is based on the SPX, not the SPY.

[@EvolutionFitnessBrookfield]

Is there any point to have this in a ROTH IRA?

[@wealthadventures]

Yes. You could use it to hedge a bit against long S&P positions. Any taxable distributions would be sheltered.

[@ronaldreagan6756]

Do you have this one Dave?

[@wealthadventures]

Just a small stake. Mainly watching it at the moment to see how it progresses.

[@ronaldreagan6756]

@@wealthadventuresMe too.

[@kookiebush]

Is he the NUSI butcher?

[@kookiebush]

Why is everyone so afraid to ask these fools about the mistakes they made with nusi? They lost millions of dollars of people's money. You'd be insane to let this idiot manage your money.

[@kookiebush]

That armchair idiot too.

[@wealthadventures]

Ouch! NEOS does manage NUSI. Not my favorite fund design. If you invested 3 years ago, you have nothing to show for it while SPY and QQQ have perfromed well. However, it has outperformed the S&P over the last year looking at total return. I prefer the ideas behind SPYI.

[@kookiebush]

The point is this dude made the mistake. You should have asked him about it. They made terrible decisions when sentiment was low.

[@natemillsap7279]

NUSI has a different strategy, though.

[@scottcampbell7944]

Hey Dave, your second comment thread is fake. It’s a scammer commercial. @Marrhafisher423

[@gregwessels7205]

I reported it and so should all WA channel fans.

[@wealthadventures]

Thanks! Removed.👍