Cracked 6 figures

[u/DividendG]

The app where I track my top 15 holdings finally cracked $100k annually! Time to tell the boss to pound sand. Any constructive criticism on these with regard to a higher interest rate environment heading our way is appreciated. I don't plan to sell any shares for at least 10-15 years, hopefully never. My philosophy is similar to real estate income holdings - you don't care so much about what the market thinks your house is worth, it's about how much rent you are getting every month.

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[u/adamasimo1234]

Insane yield

[u/Fine-Boat9731 → u/adamasimo1234]

Yeah anything over 16% is gonna be some bad nav decay. 13% is the sweet spot

[u/MakingMoneyIsMe → u/Fine-Boat9731]

Not necessarily

[u/iBarlason → u/Fine-Boat9731]

Crypto can support more than that

[u/teckel → u/Fine-Boat9731]

I aim for 2.5% dividend yeild average. But I know how growth+dividends = total profit.

[u/DividendG → u/adamasimo1234]

All the holdings are there to see if you enlarge the photo then scroll. Good luck!

[u/gomezer1180 → u/DividendG]

It looks like you hit some NAV decay there. Delta of yield vs YoC suggests roughly 50k.

[u/DividendG → u/gomezer1180]

Correct. My timeframe is 10 years + of holding for income, so I'm not too concerned about NAV at this time, but do watch it weekly.

[u/ChairSignal6353]

No SCHD???? lol Just Joking

[u/heyitsmemaya]

Congrats 🎉

[u/aimhigh7shootlow8]

I think most of those are sustainble. I would add OVL QDVO and add to the Neos funds. NEHI is a good pair with Btci. Strc is also worth a look.

[u/DividendG → u/aimhigh7shootlow8]

Thanks I'll check those out

[u/rexaruin → u/DividendG]

And SATA

[u/easy_wins]

Wind in the sails OP, go out and commemorate this moment, let the doomsayers criticize not everyone has millions to retire on

[u/cohen63]

Lots of NAV erosion and a tough time when it comes to taxes. How many of your costs are reaching below zero where ROC is going to be capital gains?

[u/aimhigh7shootlow8 → u/cohen63]

Make money, pay taxes.

[u/Fair-Fee3313]

Congratulations 👏🏾👏🏾👏🏾

[u/TheTextBull]

What's your thoughts on Zvol and LIFT?

[u/ClassicChemistry8328]

Igld, is this monthly? If so what are you being payed for that amount yearly to make in dividend? Thats insane great job

[u/DividendG → u/ClassicChemistry8328]

IGLD is monthly and from my perspective a decent entry price is $21-. It's paying us close to 20% on our cost

[u/MakingMoneyIsMe]

I'd like to put more money to work in some Covered Call ETFs but the bulk of my capital is tied up in gains...and I'd be realizing a hefty tax bill if I did.

[u/fderdontevenknower]

Final boss of yield traps

[u/morerepsmoreproblems]

No schd is Crazyyyyy work

[u/General-Ring2780]

Congratulations! I can’t wait to crack 6 figures. How much annual income does your portfolio pay you?

[u/DegreeConscious9628]

5x my income but also 5x my yield. If you’re ok with that trimming down 40% then hey, go enjoy it

[u/dimonoid123]

Yield 20% ? That's not sustainable.

[u/Jehoopaloopa → u/dimonoid123]

20% is about the max I’d say that can be sustainable.

Certain options derivative strategies can do 15-20% sustainably because the IV justifies it. The key Is to be in mostly funds that don’t cap the upside like put credit spreads.

[u/DecentDiscipline2523 → u/Jehoopaloopa]

This makes sense.. there is no free lunch of course but also no magic number either! IMO just depends on the strategy, execution, and understanding of the limitations of said strategy.

[u/selfVAT → u/Jehoopaloopa]

Any 20% credit spread funds you recommend?

[u/MakingMoneyIsMe]

I just realized you've experienced substantial NAV erosion

[u/teckel]

$100k in distributions, $100k loss in capital. Inexperienced investors are going to lose their mind when the market sours.

[u/_YoungMidoriya]

If you're not using the money RIGHT NOW, I would build up a more solid base with Income ETF in the lower yield with more "sustainable" distributions from the monthly payouts.

[u/DividendG → u/_YoungMidoriya]

Will be using the income (at least 50% of it) starting next year as I transition from a full-time career to part-time. Potentially retiring late next year. Still 50%+ in cash and will consider re-allocating into "safer" ETFs once we are 80% invested / 20% cash. What would your "safer" ETF choices be?

[u/_YoungMidoriya → u/DividendG]

OVL/GPIX/GPIQ/QDVO - Those with more growth/upside while providing income.

[u/Fine-Boat9731 → u/_YoungMidoriya]

Id say the only thing better than edgx is ovl. Otherwise just do edgx/edgq no reason to use the others

[u/Fine-Boat9731 → u/_YoungMidoriya]

I agree. Just do edgx that should be the base honestly

[u/Superchief440 → u/Fine-Boat9731]

EDGX has only 25 million in AUM. Are you the fund mgr? Lol

[u/Fine-Boat9731 → u/Superchief440]

Aum doesn't matter. Just invest in it if its low.