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QQQI Showdown (JEPQ/QYLD/FEPI Comparison)

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Armchair Income

Armchair Income

Күн бұрын

Пікірлер: 189
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"): armchairincome.link/snow
@DividendDork
@DividendDork 4 ай бұрын
I can’t ever remember seeing an interview like this, I think you broke some new ground! Excellent stuff!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
That's wonderful to hear (read); thank you!
@gabrielsyt
@gabrielsyt 4 ай бұрын
That was a great interview and lots of insights. I really appreciate the fund manager willing to be interviewed.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Me too. He's very patient with my questions and answers all of them!
@nationalnotes
@nationalnotes 14 күн бұрын
The diplomacy used to discuss competitors tells a lot about a person. If this an example of how well their funds are managed, they should do very well.
@armchairincomechannel
@armchairincomechannel 14 күн бұрын
Most fund managers won't discuss their competitors at all. I was impressed that Garrett was willing to discuss this topic. I agree that he handles it diplomatically.
@normansimonsen1203
@normansimonsen1203 4 ай бұрын
"Sooo, what do they do all day long." LoL. And, in the same instant, a very good question. I've had similar thoughts when looking at those particular fund managers. That was an excellent interview, at exactly the right time.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Glad you enjoyed it. I think managing a passive fund sounds like a good gig :)
@MartinD9999
@MartinD9999 29 күн бұрын
I’m looking at QQQI harder than ever and this series has been the most informative. Thank you so much.
@armchairincomechannel
@armchairincomechannel 29 күн бұрын
Glad it was helpful!
@DP52001
@DP52001 4 ай бұрын
My favorite thing about Garrett is how trustworthy he seems. Would guy, straightforward, open. Great interview as always - thank you for the content!!!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I enjoy our interviews, he answers anything I throw at him :)
@peoriaos6627
@peoriaos6627 4 ай бұрын
Great video as usual! Thanks to you and NEOS coming to the channel. The more I see him, the better i feel about their ETFs.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I enjoy getting to know the people behind these funds. Thanks for watching :)
@paulsantori8920
@paulsantori8920 4 ай бұрын
Looks like I’ll have to add QQQI to my portfolio!! Another great video. Cheers from Canada 🇨🇦
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for your kind words. Cheers from Vietnam :)
@mlbx599
@mlbx599 4 ай бұрын
Thanks for doing this series. I have learned a lot about SPYI and QQQI and have started adding both to my portfolio. Really enjoyed each interview.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Glad you like them! Important to know the mechanics of these various investments.
@dominiquetheeasyminimalist
@dominiquetheeasyminimalist 4 ай бұрын
Thank you for another great interview! The editing of your videos is really dynamic with the various inserts (example 7:35). I laughed at the question "what exactly do they do all day" 🤣. I really appreciate the fact that Garrett is so straight forward, you can ask any tough question and he answers with clear facts.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for paying such close attention! I'm glad somebody appreciates the details :)
@dandans9060
@dandans9060 4 ай бұрын
Great interview, love how you compared the competitors and added fepi to the discussion
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I appreciate your feedback, thanks!
@enricomonesi5856
@enricomonesi5856 4 ай бұрын
As Professional as it gets......GREAT resource for us smaller investors..... THANKING YOU
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I appreciate your feedback and also for watching so many of my videos :)
@enricomonesi5856
@enricomonesi5856 4 ай бұрын
@@armchairincomechannel You're very WELCOME
@sreekreddy73
@sreekreddy73 4 ай бұрын
Thank you very much for the interview ! Your stock list and interview are unique and make this channel very special 👍
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for your feedback. I don't want to copy other channels!
@mac41776
@mac41776 4 ай бұрын
Terrific interview! Garret always impresses with his willingness to take on tough questions and provide clear, direct answers. Personally, I'm invested in SPYI and thinking about starting to invest in QQQI
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
He's fun to interview too!
@JackMoynihan16
@JackMoynihan16 4 ай бұрын
These interviews are so helpful. Garrett is definitely one of the fund managers I want handling my money. I will continue to buy more QQQI. Thank you.
@R-o-g-e-r-G
@R-o-g-e-r-G 4 ай бұрын
Yes, I agree. Garrett seems like a straight shooter and I trust him with my investment
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I like interviewing him. I always learn something new.
@pavXX
@pavXX 4 ай бұрын
Thanks for the interview. Already have good sized positions in QQQI (and SPYI). Very happy with so far. NEOS doing good work with their offerings.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Great to hear! Thanks for watching.
@samsamys5190
@samsamys5190 4 ай бұрын
Great content as usual. I own SPYI, JEPI, BALI and JEPQ. More or less I bought them last October and for now they are all performing really well. The surprise was really BALI and it's my best performer. But they are all really similar apart JEPI that is doing what it's supposed to do, generate income with lower volatility. Soon I'll be adding to QQQI, GPIX, and GEPQ. Maybe JEPI is the one that worries me the most, because you need to really trust the managers who are stock picking. I don't think I'll keep it for long!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for sharing your approach. It's still early days with these CC funds. Will be interesting to see how they do over the long term.
@TonyCox1351
@TonyCox1351 4 ай бұрын
Quickly becoming one of my favorite channels
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for that! Glad you like it. Lots more to come :)
@kg3436
@kg3436 3 ай бұрын
Awesome interview and the way Garrett talks really instills confidence. After doing a bunch of research I finally took the plunge and bought shares of QQQI.
@armchairincomechannel
@armchairincomechannel 3 ай бұрын
Glad you found the video helpful!
@RichardAkin-qj6xt
@RichardAkin-qj6xt 4 ай бұрын
I have small amount of SPYI in my IRA, some investors may not agree with that but I like how I can just reinvest the great dividends without buying anymore shares. These kind of funds are very versatile because you can use the dividends for more fractional shares of SPYI, VTI, VOO, SCHD etc. Hopefully I will own some QQQI soon!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for sharing your approach :)
@60sekundenpolitik
@60sekundenpolitik 2 ай бұрын
Fantastic Interview, thanks. 👍
@armchairincomechannel
@armchairincomechannel 2 ай бұрын
Very kind of you! Thanks for your feedback.
@momdittomomditto7705
@momdittomomditto7705 4 ай бұрын
As usual, I learned a lot from your video. Thanks for the content!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Glad it was helpful!
@uansam3439
@uansam3439 4 ай бұрын
Another great video with great questions …personally help my confidence with cover call investment’s. Especially when the martlet are down as we are in now. Looking forward to more video like this
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Glad it was helpful! Important to understand how these work, and the risks of every investment.
@j.s.2767
@j.s.2767 4 ай бұрын
good thing i've just been slowly adding cause these last couple of weeks was rough
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
It was a good time to be a buyer and a bad time to be a seller. That higher yield comes at a price! (volatility).
@edmitiu7383
@edmitiu7383 4 ай бұрын
Thanks, adding ''Neos'' to my strategy, good video. Paid attention the second time viewing
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for 2 views :) Glad you found it helpful.
@mikamika4369
@mikamika4369 4 ай бұрын
Great interview! Really help to understand the difference between those funds. I have now split my pos 50% jepq 50% qqqi. Fepi seems much more risky with only 15 stocks.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
These funds get so confusing, so the research was helpful for me too. Glad you like it.
@carlospaniagua5653
@carlospaniagua5653 2 ай бұрын
What happens during a crash....great question ive never seen asked before!
@armchairincomechannel
@armchairincomechannel 2 ай бұрын
It's the first question that pops into my head! Thanks for the feedback :)
@billhaskins38
@billhaskins38 4 ай бұрын
I get so much quality information to use from your channel. Thank you so very much!!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I'm so glad to hear that!
@Alphahydro
@Alphahydro 3 ай бұрын
I'm impressed. I may raise my allocation in SPYI, next pullback.
@armchairincomechannel
@armchairincomechannel 3 ай бұрын
So far so good with SPYI.
@JAVAR11
@JAVAR11 4 ай бұрын
Good interview, love that you get access to the managers; keep up the good work! Would be interesting to ask NEOS why did NUSI not perform as advertised since inception. It's easy to say JPM is a household name, but JEPI and JEPQ have performed as advertised.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for your words of encouragement. NUSI is a divisive one. I've heard arguments saying it did what it was supposed to do during a crash and arguments against it because its long term returns aren't great. Either way, it's not a fund that fits my criteria so I haven't done a deep dive on it. I agree that the JPM funds have delivered on their promise and I continue to hold them (not much JEPI; more JEPQ).
@spalover3
@spalover3 4 ай бұрын
Great interview! Thank you for sharing your knowledge and investing experience!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Glad it was helpful!
@sdrs95a
@sdrs95a 4 ай бұрын
Excellent interview, as always! Note with the US Market fall, STK's current Premium of 2% is very close to its 52 week low of 1%. It is a good time to start buying.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for the heads up, I like STK a lot.
@tritosac
@tritosac 4 ай бұрын
I am more impressed with Garrett with every new interview I watch. I wonder if Garrett & his group would ever be willing to offer a course on trading options for retail investors who want to do some of this on their own?
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I enjoy interviewing him. I suspect he's pretty busy managing over $1billion in assets and launching new funds in the coming months.
@peoriaos6627
@peoriaos6627 Ай бұрын
I just picked up some NEOS IWMI Russell 2000. Hope you do a video about it soon.
@armchairincomechannel
@armchairincomechannel Ай бұрын
Researching it over the coming weeks!
@Jeguia85
@Jeguia85 4 ай бұрын
Great interview and cross analysis from different similar funds. I have personally been taking advantage of the market discounts and buying more QQQI
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
That's probably smarter than buying when its hitting all time highs :)
@kikilynn1167
@kikilynn1167 4 ай бұрын
Total return for QQQI since 1/30/24 inception date to 4/19/24 is -1.1%. QQQ is -2.4%, JEPQ is +0.01%, QYLD is -0.77%. The winner is FEPI at +3.0%.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Yes, FEPI is off to a good start. I don't think 1 quarter is a meaningful time period to assess performance though. Total return over the long term, ideally through a full market cycle is more meaningful than a few months.
@Steverino70
@Steverino70 4 ай бұрын
Thanks for making this video. Enjoyed the information.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Glad you enjoyed it!
@nomoreserfs
@nomoreserfs 4 ай бұрын
Excellent interview! 😎👍
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I appreciate you taking the time to let me know :)
@marvinirvingjr704
@marvinirvingjr704 4 ай бұрын
Release the Russell ETF already NEOS!!!!!!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
It's in the works...
@dakkon74
@dakkon74 4 ай бұрын
GPIX, GPIQ, and BALI are similar.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Yes, there are so many covered call funds now its hard to keep track of them all.
@fialee8ca132
@fialee8ca132 4 ай бұрын
I like these interviews... great to hear it from the horse's mouth!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I agree. The horse has plenty of useful info to share :)
@bbmak0
@bbmak0 4 ай бұрын
possible to post a back-test of the fund SPYI and QQQI for the covid time based on the rule-base active management? Wonder how the funds would perform during the max draw down during the covid.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Good question. I'm not an expert on back testing but there's some discretion in managing the options, ie % of the portfolio, how far out of the money to set the strike price etc. If it was 100% formula you could backtest but I don't see how you can back test the discretionary part. Either way, I'd like that data too!
@bbmak0
@bbmak0 4 ай бұрын
@@armchairincomechannel Maybe the better question to ask is how far the fund mangers will sell the covered call during the covid based on the rule base management. The fund holds actual stocks similar to SPY and QQQ, so the underlying assets will be fine, and the down market will be fine on the covered call. How about the recovery stage, where the market started to move up. Since this is an active fund, without knowning how the fund mangers would handle that, it is a game of confident.
@skipkapur1
@skipkapur1 4 ай бұрын
Very helpful. Thank you
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
You're welcome!
@DiegoMerkier
@DiegoMerkier 4 ай бұрын
Great content, thanks!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
My pleasure!
@Michael-nq4ek
@Michael-nq4ek 4 ай бұрын
Great video as usual
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I appreciate that! Thanks for watching and commenting :)
@citizenoftheyearCC
@citizenoftheyearCC 4 ай бұрын
Excellent breakdown - allows investor's to understand how the fund actually works.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks COTY. I appreciate your encouragement :)
@bentobox7788
@bentobox7788 4 ай бұрын
I prefer JEPI over SPYI. Although JEPI returned less than SPYI by a hair, JEPI did it with lower volatility (standard deviation) and a better Sortino ratio (risk-adjusted return). In other words, I'm not convinced that SPYI's higher MER is necessarily justified. Its outperformance can be attributed to it taking more risks.
@bentobox7788
@bentobox7788 4 ай бұрын
JEPI's MER is about half of SPYI's. In addition to the option strategy, JEPI has active stock selection management. It does more work for smaller fees.
@ronaldreagan6756
@ronaldreagan6756 4 ай бұрын
So discounting the results is your argument for JEPI? Wow.
@bentobox7788
@bentobox7788 4 ай бұрын
@@ronaldreagan6756 Please read my comment carefully. I'm not discounting. I'm supplementing by adding risks to the equation.
@bentobox7788
@bentobox7788 4 ай бұрын
@@ronaldreagan6756 No discounting in my comment. I supplemented the results by adding risks to the equation. What's the issue with that?
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I like JEPI too. It depends on your goals. JEPI outperforms during a downtown as it is more value focused. SPYI is strictly based on the S&P 500, whereas JEPI has some value stocks mixed in.
@kf434
@kf434 4 ай бұрын
@armchairincomechannel: the manager said their funds are tax based on indexes which are at 60% long-term, and 40% short term. But the chart showed ROC under taxes … which is it? ( I like ROC) Thanks
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
The majority of the distributions are Return of Capital. Upon sale, the gain is taxed either short or long term capital gains as you referenced. Generally that's more favorable than paying income tax.
@MrDude2237
@MrDude2237 3 ай бұрын
Thoroughly enjoying the interviews. It has helped me understand these covered calls companies. Would you DRiP these or use the income and fund a growth etf/other positions in your portfolio?
@armchairincomechannel
@armchairincomechannel 3 ай бұрын
If I was busy working...perhaps DRIP. I actively manage my portfolio so each month I invest my excess cash into the best opportunities available at the time.
@MrDude2237
@MrDude2237 3 ай бұрын
@@armchairincomechannel is there an email I can reach out to you? If not the short version is I’m younger, doing 401k company match, and have a Roth for my wife and mine. The Roth’s are basically a VTI/SCHD/VGT 3 fund mix and I’m starting an individual taxable account. Putting very little in weekly, so I was curious if putting it in something like QQQI/SPYI (a safer, higher yielder) and let it compound to grow. Or is that crazy and just a growth etf would be better 🤷🏼‍♂️
@benjapolcycling
@benjapolcycling 4 ай бұрын
I have been following the funds holding. During the recent market crash if you look into the holding both SPYI and QQQI now has nothing left to hedge in short position. I am wondering what is the rolling strategy for the fund on the short side. When to roll out to next month date? What is strike price criteria for next one? Two ladders are enough? Considering weeklys in addition to monthly?
@TJ-Stackin
@TJ-Stackin 4 ай бұрын
What market crash lol
@benjapolcycling
@benjapolcycling 4 ай бұрын
@@TJ-Stackin yeah what the heck is that? Wait until 6% down in an hour and circuit breaker 2 times in a day so you can say it crash.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
It will be interesting to see how these funds weather the current storm. No fund goes straight up.
@fedcba810
@fedcba810 4 ай бұрын
Under tax criteria, between mostly return of capital vs ordinary income - which one benefits more to investor? Can someone help explain? Thanks😊
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Tax is complicated! Return of capital isn't taxed when paid. Instead it lowers your cost basis. When you eventually sell, you'll pay capital gains tax on the gain. For most people, capital gains tax is lower than income tax.
@fedcba810
@fedcba810 4 ай бұрын
@armchairincomechannel oic. More tax efficient for long-term. Meaning FEPI reinvested gains back to stocks more than others, higher compound interest. GOOD WHEN BULL MARKET.
@CJandoli
@CJandoli 2 ай бұрын
Selling ATM calls should generate higher premium than an OTM call. So ignoring the capped share price growth growth, QYLD should yield higher than QQQI, but it does not. So, I'm still not clear on how that could be. Something's not adding up?
@armchairincomechannel
@armchairincomechannel 2 ай бұрын
You're right, selling ATM has the benefit of producing more income today and the downside of capping appreciation today, or in the future. Over the short term, more income works well. Over the long term, the NAV erosion caused by all downside / no upside reduces the asset base you use to generate income. To resolve whether income or NAV erosion is more important, run QYLD against any competitor and measure total return (price and dividends combined). Generally, OTM beats ATM over the long term.
@CJandoli
@CJandoli 2 ай бұрын
@@armchairincomechannel Thanks for the reply. I'm aware QYLD's total return is not better than others, but I was wondering why the yield % would be lower as I expected ATM calls would allow for at least better yield if not better total returns. However, If I understand properly the eroding NAV over so many years is not only effecting the total return, but also their ability to generate the same amount of premium with their ATM calls?
@user-jv4nc2bi6u
@user-jv4nc2bi6u 4 ай бұрын
Can you please make a video about GPIQ/GPIX(goldman sachs) and IVVW(blackrock)? 🙏 Btw, just subscribed :)
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for subscribing. I'll take a look at your suggestions, thanks :)
@brettdeluca3166
@brettdeluca3166 3 ай бұрын
Which ones are better for ira accounts and which are better for taxable accounts.
@armchairincomechannel
@armchairincomechannel 3 ай бұрын
I can't give tax advice but generally, SPYI and QQQI are more tax efficient than most other covered call funds.
@brettdeluca3166
@brettdeluca3166 3 ай бұрын
@@armchairincomechannel better in taxable account?
@jeancarloferreira9770
@jeancarloferreira9770 4 ай бұрын
I'm curious if during a market crash or correction and volatility spikes are they paying out more than their 14% since they are getting higher premiums. Or they just paying out the 14% and re-investing the rest.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
If they generate more than 14% they reinvest the extra income to boost the value of the fund. So I don't expect the yield to get much higher than 14%, even if there's a volatility spike.
@mikek3124
@mikek3124 3 ай бұрын
Any info about future Neos ETFs??? Like a russell2000 or anything else?
@armchairincomechannel
@armchairincomechannel 3 ай бұрын
They can't disclose details of future funds but your suggestion would make a lot of sense...a logical follow on.
@pregan66
@pregan66 4 ай бұрын
How would it compare to GPIQ?
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I think its too early to compare these new funds. I wouldn't normally consider investing in a fund as new as QQQI, except that its the same strategy and portfolio manager as SPYI and that fund has been performing well.
@Jonahchann
@Jonahchann 3 ай бұрын
When investing SPYI and QQQI, people is that a main factor? as now these two etf is made the co-founder ideas, what if he quit or retire? the strategy would it be changed?
@armchairincomechannel
@armchairincomechannel 3 ай бұрын
The strategy is outlined in the prospectus and executed by a team of portfolio managers. I don't think its likely that all of them would quit at the same time. It's not a one man show.
@Jonahchann
@Jonahchann 3 ай бұрын
Thank you for your reply, now i can only 300usd a month 150for spyi and 150qqqi and its good for me as im living in hong kong, if i take jepi jepq it will have30% tax..... its a good priducts!!
@Jonahchann
@Jonahchann 3 ай бұрын
Few years later I will start with 1500 per month invest and build up like voo schd qqqm vgt and SPYI qqqi
@jennyandcharisse
@jennyandcharisse 2 ай бұрын
@@Jonahchann Hi, I am also living in HK. Do you mean we do have to pay 30% tax for spyi and qqqi? Do you feel comfortable with these two ETF?
@porstst
@porstst 2 ай бұрын
Do you know why QQQI's distribution yield is only 4.68% ?
@armchairincomechannel
@armchairincomechannel 2 ай бұрын
Yes, because it’s less than 12 months old. Many website calculate yield as the total of the past 12 months distributions divided by the price. A more accurate estimate can be calculated by multiplying the average distribution by 12 and dividing by the price. The result will be closer to 14%.
@porstst
@porstst 2 ай бұрын
@@armchairincomechannel thank you ! I have been investing a good portion and got a bit worried with the first dividend return….
@davesites
@davesites 4 ай бұрын
Exactly
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for watching :)
@mrbigcat9
@mrbigcat9 3 ай бұрын
QQQI very low volume? Stick with blue chip JEPQ?
@armchairincomechannel
@armchairincomechannel 3 ай бұрын
QQQI is still very new. I've made some purchases without any issues. I don't see the low volume as a problem. To be safe, you can use limit orders to prevent slippage on lower volume funds.
@edmitiu7383
@edmitiu7383 4 ай бұрын
Any thoughts on USA, RITM ...
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I have a small amount of USA and buy it when the premium to NAV is historically low. I've read arguments for and against RITM. I'm extra cautious about mortgage REITs, especially at the moment, so I don't hold it.
@louis20122
@louis20122 4 ай бұрын
What happens after your NAV share price (cost of share) is going to zero due to ROCs after many years?
@Whiskydanger
@Whiskydanger 4 ай бұрын
Any further distributions are now income. If you sell the position, its a full profit and taxed as long term gains
@louis20122
@louis20122 4 ай бұрын
@@Whiskydanger So no more ROCs but regular income and not qualified dividends since these are options premium.
@ronaldreagan6756
@ronaldreagan6756 4 ай бұрын
Long before that becomes an issue the manager will do a 2 for 1 stock reverse split. You will get about what you were getting for amount on dividend while seeing your cost basis "double". In the end you have 1/2 the number of stocks you had, but the stock price went double, It keeps the fund going perpetually.... TSLY did this a few months ago and at the rate Tesla is tanking they will likely have to do it again later this year or early next.
@jimfioritto4134
@jimfioritto4134 4 ай бұрын
@@ronaldreagan6756these funds are very different from TSLY. Look at JEPI that was around before the 2022 crash. It’s still up. Not going to go to the moon but these funds are for income not price appreciation
@jimfioritto4134
@jimfioritto4134 4 ай бұрын
@@ronaldreagan6756these funds are very different than tsly. Look at JEPI since inception. It’s still up. Not going to go to moon but these funds are for income not price appreciation. QYLD will have some nav erosion since their calls are at the money.
@cliffdariff74
@cliffdariff74 4 ай бұрын
FEPi has not been doing so well in this latest downturn. I've got SPYi... got .48 cents per share last month. What does QQQi pay?
@SomeUserNameBlahBlah
@SomeUserNameBlahBlah 4 ай бұрын
~14% APY
@cliffdariff74
@cliffdariff74 4 ай бұрын
​@@SomeUserNameBlahBlah thanks..
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I would expect FEPI to be the most volatile of the funds discussed because its so concentrated so no surprise that it went down a lot when the market corrected.
@cliffdariff74
@cliffdariff74 4 ай бұрын
​@@armchairincomechannelgood stuff... really like your vids !
@sherrypersaud6793
@sherrypersaud6793 4 ай бұрын
So is SPYI the fastest growing?
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Not sure what "fastest growing" means. However, when comparing the highest total return since SPYI inception in 2022, SPYI had a higher total return than JEPI or XYLD.
@sherrypersaud6793
@sherrypersaud6793 4 ай бұрын
@@armchairincomechannel so since market has been crazy this month do you think SPYI stands out the best ?
@DG-rp9tb
@DG-rp9tb 4 ай бұрын
I just saw this video and host talks about downward market but response isn't clear neither descriptive to demonstrate what actually happens in downward market. Hope discuss with fund manager and may be in future video clearly educate/help others to understand what actually happens in downward market. Let's talk about The Situation: Fund hold S&P 500 stocks with an average cost of $100,000,000. The fund writes a covered call, generating income but potentially capping upside if the stock price rises above the strike price. (This is acceptable) The market collapses by 30%, lowering your net asset value. Due to the significant drop, your original cost is now far out of the money for future covered calls. What happens in this situation? 1. Do the fund continue to write cover call at 10% out of money with premium and continue to get the premium? In this scenario if market does recover then you will have net loss of 15% (30% - 10% - premium). The fund manager buy new asset again at lower cost and continue if previous options were exercised? or fund never write call at a strike price lower then original investment cost? 2. If Situation like 2022 happens when downward trend started & fund is stuck at high cost and then month after month market slides down and fund keep holding high cost asset and after few month you run out of option to write call as you are way out of the money. 3. Wait until market recovers to 20% - 25% and then start writing calls so that you don't make loss in the event call is exercised? This scenario means no income until market recovers and situation like 2020 will make it very challenging in this scenario. Potential Challenges: Limited to No Income Generation: Significantly out-of-the-money calls won't generate income and heavy capital loss if you end-up selling calls at lower price and then option get exercised. Transparency Needed: Many covered call ETFs lack transparency regarding their approach to downward markets. None of the covered call ETF talks about how they manage this scenario. Hope the host arrange interview just to talk about downward market with example not just gibberish words where they say volatility increase premium and it helps which doesn't address the real question about holding high cost asset at downward trending market.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks for your feedback and your detailed explanation. You raise an important point. There are 2 parts to the market crash scenario; 1/ What happens to the distributions (higher volatility increasing the premiums isn't "gibberish") and 2/ What happens to the asset base, which is used to generate the income. In the interview, we discussed that in a correction, the asset base will shrink, and the distributions may increase, but probably only over the short term. The part that we didn't explore, is the mechanics of how the fund trades options to restore the value of the asset base, despite the limitations imposed by a covered call strategy. I think this unexplored question is what you want answered. I agree that this is important, and will look for an opportunity to explore it in a future video.
@DG-rp9tb
@DG-rp9tb 3 ай бұрын
​@@armchairincomechannel Absolutely correct in understanding my question. I elaborate further with example below: Let’s compare QYLD vs. DIVO Performance since inception: QYLD Performance: • Capital Loss: Since inception, QYLD has experienced a capital loss of approximately 4.01% per year. • Dividend: It offers a higher dividend yield at around 8.76% per year. • Total Return: The combined effect results in a total return of around 4.66% per year. DIVO Performance: • Capital Gain: DIVO has delivered a capital gain of approximately 4.15% per year since inception. • Dividend: It offers a lower dividend yield compared to QYLD, at around 5.15% per year. • Total Return: The combined effect leads to a total return of roughly 9.3% per year. Key Points: • DIVO Outperforms: Even though both funds went through Covid downward trend where market at once was down around 30% (March 2020) Based on historical data, DIVO has provided a significantly higher total return than QYLD. Further Inquiry: Hence, the question of how these ETFs (SPYI/QQQI) could manage covered calls during downturns is crucial to understand and if they could replicate DIVO performance or end-up being another QYLD. An interview with the DIVO fund manager would be fantastic. Understanding their covered call strategies, particularly during down markets and how/what did they do, would be incredibly valuable for income investors. Only, someone like yourself who is influential enough to get to ask this tough question I guess to put more clarity to many investor and help people understand real risk scenario.
@mrbigcat9
@mrbigcat9 3 ай бұрын
Try IWMY
@armchairincomechannel
@armchairincomechannel 3 ай бұрын
The dividends are huge but I'm not a fan of funds with NAV erosion.
@ANTHONYFRANZ-gi2qc
@ANTHONYFRANZ-gi2qc 29 күн бұрын
BITO ???????
@armchairincomechannel
@armchairincomechannel 29 күн бұрын
It has been performing well (based on BTC performance). However, BTC funds are too volatile for me to take a large position. If you buy at the wrong time you can lose 40% fairly quickly. The income has been huge recently, but at other times its small. I hold a small amount of MAXI and I think you can make a case for holding some MAXI, BITO, or similar in small quantities because the upside is huge. And if you're not retired then YOLO!
@ryanj6862
@ryanj6862 4 ай бұрын
Was this before or after the recent crash?
@JohnsFishTales
@JohnsFishTales 4 ай бұрын
What crash? We’ve had a market correction. Far from a crash.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
It was recorded in mid April.
@sonja8942
@sonja8942 4 ай бұрын
Good interview!
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Thanks :)
@cbum1909
@cbum1909 4 ай бұрын
Hi Garrett (armchairincome) are you willing to go on record to say that you or any affilates Hi Garrett (armchairincome), are you willing to go on record to say that you or any affiliates own or have any financial interest in QQQI?
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Not sure what you mean by this question. If you're asking if Garrett personally invested in QQQI, the answer is yes. If you're asking if I invested in QQQI, the answer is yes.
@sonja8942
@sonja8942 4 ай бұрын
Who is the person being interviewed?
@mauricehoo2762
@mauricehoo2762 4 ай бұрын
Garrett Paolella Co-Founder, Managing Partner NEOS
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
Garrett's details are in the Description.
@sonja8942
@sonja8942 4 ай бұрын
I think I saw briefly he is from Neos so that is QQQI bias of course.
@ronaldreagan6756
@ronaldreagan6756 4 ай бұрын
regardless of his "bias" he told the truth.
@armchairincomechannel
@armchairincomechannel 4 ай бұрын
I hope he's biased, that's his job! Having said that, he is respectful of his competition. I'll be inviting his competitors to discuss their funds too and they're welcome to share their opinions.
@RobertBrown-yn9tx
@RobertBrown-yn9tx 3 ай бұрын
@@armchairincomechannel Ditto....
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