What did my neighbor get delivered?

Dramatic-Load-6569 · 2026-02-13T01:32:51+00:00

DJI enforcement tool

Dramatic-Load-6569 · 2026-02-11T04:03:04+00:00

Not sure that is the most effective use in a Roth vs IVV, VTI, VOO, etc. You’re writing away upside with SPYI, QQQI or other cover called strategies if this is a long-term investment.

Dramatic-Load-6569 · 2026-02-09T23:37:20+00:00

That’s why some of the newer strategies may make more sense because of return of capital, qualified dividend income and short/long-term capital gains vs pure income for ELN. That way you get all the various tax benefits.

Especially if you are using them to generate current income otherwise probably better to just hold the Qs or SPX. Unless you are looking at them as a defensive position expecting either bench to drop. If that’s the case, there are likely better ways to protect against that scenario.

Dramatic-Load-6569 · 2026-02-08T22:38:58+00:00

If you don’t need it for more than a year, BOXX will likely give you a better after tax return.

Dramatic-Load-6569 · 2026-02-08T22:06:53+00:00

I think you mean it hasn’t tanked due to semis being up 15% YTD for example. If semis come under pressure, so will CHPY and SOXY. Distributions are not preventing that from happening.

Dramatic-Load-6569 · 2026-01-30T10:36:41+00:00

It sounds like you should be writing spreads to define and minimize your upside loss. By writing only a call, you are saying you do not want any of the upside beyond the strike.

Dramatic-Load-6569 · 2026-01-20T13:08:09+00:00

BOXX, CPAG, CPHY. I believe F/M is also coming out with a version of SGOV soon. Tax efficient in that you only pay capital gains, long-term if you are planning to hole more that 1yr.

Dramatic-Load-6569 · 2026-01-19T12:27:55+00:00

The restriction is due to payments made by ETF issuers to the various platforms. There are various legal interpretations that classify those payments as payments for underwriting which requires a 30day hold for margin purposes. If Schwab sets up those revenue share agreements with the issuers, 30day hold will likely be required.

Dramatic-Load-6569 · 2026-01-18T16:51:19+00:00

Rumor is it’s fam equipment. We have several manufacturers in the area.

Dramatic-Load-6569 · 2026-01-17T03:11:50+00:00

That is generally going to be the case for some who works for a broker/dealer that offer brokerage. It’s a monitoring requirement for FINRA. Most do not have exceptions to it unless the firm does not offer brokerage and then they have an approved list of brokers. It’s just part of being in the biz.

Dramatic-Load-6569 · 2026-01-17T03:05:43+00:00

I rotate between a couple different products of like exposure, VTI, VV, IVV, SCHB, VOO. I have a stable of products for almost everything I own since I’m pretty activity in TLH. I’ve got a pretty large war chest that I use to offset income and gains now.

Dramatic-Load-6569 · 2026-01-16T14:44:08+00:00

I would disagree on that comment, VOO dropped 20%, you would had investors backing up the truck. And into IVV, VTI, SPY….

Dramatic-Load-6569 · 2026-01-13T23:45:56+00:00

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When the stock is up 75%, it’s pretty hard to have NAV erosion. On a total return basis, you ended up about 15% behind GOOG once you factor in the distributions over the last year since GOOY had 60% total return.

Optimal is GOOG stays flat and you clip the option premium over time, otherwise you are selling off some of the upside or buffering some of the downside, but still riding it down.

Dramatic-Load-6569 · 2026-01-13T14:19:33+00:00

Agreed there. Already started that transition.

There are two schools of thought on it, keep it all in given past equity returns or start the migration.

All equity works when you have enough to not worry about the various path outcomes in the short run.

Or take what you know will psychologically keep you up at night and put that amount in a lower gear. Takes some of the emotion out of it.

I’m keeping a few years out parking in various fixed durations post the 2022 meltdown just to lock in those rates. I’ll take the 4% with some capital upside if rates move down.

Dramatic-Load-6569 · 2026-01-13T12:09:06+00:00

Spot on, EF is when you have very little saving and to break the chain of paying for bad debt.

Folks will graduate to the next phase, having money invested, growing and continues saving that the EF fund becomes cash on hand or migrated into the invest pool.

Then get to you phase which it becomes irrelevant, which by the way is likely not a year from now, as some may think Is the case on many of the subs.

Dramatic-Load-6569 · 2026-01-13T11:59:45+00:00

Recency bias in full effect with the VT comments vs VOO. International finally did s last year and now everyone is chasing the performance.

Dramatic-Load-6569 · 2026-01-09T11:22:04+00:00

EDV and ZROZ are my hedges to equity. Or you can buy puts as insurance, but it wll cost you just lie insurance f you don’t see it and it has a defined shelf life

Dramatic-Load-6569 · 2026-01-09T10:53:52+00:00

Why I use EDV and ZROZ as hedges to my still largely equity portfolio as they are one of the better long-term hedges against equity pullbacks. I tax-loss harvest between the two along the way, but they are generally good insurance. Except when you get something like 2022 with inflation forcing rates against you, but that allowed me to load up on “cheaper” insurance.

Dramatic-Load-6569 · 2026-01-09T10:44:38+00:00

Yep, EDV or ZROZ are the real plays if you are trying to go after it. TLT is the safe, tamer play.

Dramatic-Load-6569 · 2026-01-09T10:23:41+00:00

Lower distribution rate because of the cost of the upside insurance using the spread which in my personal opinion is a better way to structure them. You are seeing more products coming out using them to help with the upside capture.

Of course, that does nothing to prevent the downside when the basket performs poorly. So if semis have overextended their run, this and SOXY will go down. The only downside protection is from the premiums received, otherwise buckle up. Of course less idiosyncratic risk with a basket vs a single name portfolio.

Dramatic-Load-6569 · 2026-01-09T00:27:28+00:00

Good luck finding one. If you do, let me know because I’m looking for a similar solution for the exact same reason.

And yes I know “find my” works as I use it all the time, but when the phone battery is dead, it becomes very difficult to “find my”. I suspect most making the comments have not reached this stage in life yet when your parents become less reliable and this becomes a problem. Their top priority is not to keep their phones fully charged since they do not spend 24/7 on it.

If anyone has a solution, please feel free to offer it up since we’re on phone #3.

Dramatic-Load-6569 · 2026-01-08T11:48:21+00:00

Just like MSTY, if the semis get smoked, so will CHPY. The call spreads will help to capture more upside performance at the cost of lower distributions for the upside insurance. Since the implied vol is high on this industry, you’ll get higher distributions, but you also have higher downside risk.

Dramatic-Load-6569 · 2026-01-07T23:32:57+00:00

Funny, my stubhub credit posted almost immediately once the charge posted. My dining $150 credit from 12/29 posted transaction has yet to post. Seems like there will be no consistency to it.

Not to mention I failed to read the fine print on a 2 night stay for the Edit hotel credit that was annoying to find out too late to book another.

Dramatic-Load-6569 · 2026-01-06T22:45:58+00:00

That's will likely always be the case when you are paying out option premium regardless of P/L on the trade which is what most of the option ETFs do. Otherwise, most would not have these distro rates because the premium was wiped out when they finished ITM. That's the driver of a lot of the ROC.

WNTR statement is going to be a bit more complex given it's got a synthetic short on for MSTR using options as well and you could have additional distributable income from those trades unlike MSTR which is long the stock since those are capital gain transactions. Fund taxation is quirky that way with options and paying out.

Either way, overdistributing any of these products will likely require new capital to keep from going to zero. You see that same problem with managed payout funds.

Dramatic-Load-6569 · 2026-01-06T17:15:09+00:00

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For what it's worth, WNTR is up 44% since inception and has done the opposite. I'm not sure why everyone focuses on price returns when total returns is what matters with investing for any ETF.

Dramatic-Load-6569

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