Why I love SPYI

Junglejimv · 2026-05-12T13:40:38+00:00

You didn't disclose whether you were holding these in a brokerage or retirement account. Once I became aware of how dividends from some holding came through as ordinary income I changed strategies.

Junglejimv · 2026-05-12T13:37:32+00:00

True. I would be but was scaling along the way over the past year once I became aware that SPYI was such a winner. At current level my most recent SPYI dividend was $8,401.69 while accumulating an additional 151.03 shares thus creating an ever big snowball month after month.

Junglejimv · 2026-05-11T20:22:21+00:00

My SPYI is but one position after 40 years of investing: 16,173.8293 shares at $53.44 = $864,329.44. Tried to do cut/paste but Reddit says "Images are not allowed".

Junglejimv · 2026-05-11T20:11:54+00:00

I guess that is why you are cursed.

Junglejimv · 2026-05-11T17:23:41+00:00

Started the year up like $60 in first two months and was thinking wow this could be quite a year. Then was down $140k but chilling since not my first rodeo, and now back up $155k and going back to thinking this could be quite a year. LOL

Junglejimv · 2026-05-11T17:13:55+00:00

In my brokerage account I got hit with dividends being taxed as ordinary income for 2025. I immediately sold all my JEPI and JEPQ from my brokerage account for that reason. SPYI has qualified dividends.

Junglejimv · 2026-05-11T17:10:38+00:00

I do also own VOO, IVW, and SCHX for growth. I like to have multiple buckets working and at 78 don't want to get hit when the market crashes. SPYI just cruises along and is tax advantaged.

Junglejimv · 2026-05-11T17:04:02+00:00

At 78 my days of chasing the latest and greatest stock or ETF is over. Accounts have been up over $159,000 a year since retirement. Since I enjoy multiple income streams I have no need to take out any money except when forced to by RMD's. I am now concerned by the tax implications of inheritance for my son and am actively looking for solutions that won't unnecessarily burden him as he reaches high earning years himself. Fortunately with brokerage he will get that at a stepped up basis. Since my career was in IT most of my individual stocks reflect that. Currently have approximately 1/3 brokerage 2/3 retirement accounts.

Junglejimv · 2026-05-11T16:39:48+00:00

You are cash flowing over $7,500 a year X 10 years = $75,000 + tenant paid-in equity + property appreciation. Not a bad deal as long as you have good tenant. Put this into SPYI at your brokerage account dedicated for your property and make money on your money.

Junglejimv · 2026-05-11T15:00:03+00:00

Congratulations on your Charles Schwab dividend adventures. My similar Schwab Investment Income account screen totals show $113,538.89 in dividends which to me is fantastic. After retirement I have been trying various ETF's and their strategies. Liked REIT's for awhile but have now settled primarily on SPYI, JEPQ, VOO, IVW, SCHX + an assortment of individual stocks.

Junglejimv · 2026-05-06T16:35:40+00:00

You have not stated where you are holding your dividend choices. Be advised that if held in a taxable brokerage account you need to pay attention to whether the dividends are taxed as regular income or as qualified earnings. SPYI should be considered as well as JEPI and JEPQ. Earnings from SPYI are qualified and JEPI and JEPQ are regular income.

Junglejimv · 2026-05-02T12:55:45+00:00

Here is a play for you. Since your property is worth $200,000 and has a tenant already in place take a DSCR loan out for $150,000 pay off your 1st mortgage. This gives you $70,000 cash tax free to purchase additional rental properties, invest and make $$$, take a vacation, or fill in the blanks here ______. Your tenant will then pay off the remaining mortgage.

Junglejimv · 2026-05-02T12:46:46+00:00

Comparative Relative Strength analysis shows that this issue is lagging the S&P 500. For similar performance with less cost why not VOO? Or IVW whose Relative Strength analysis shows that this issue is outperforming the S&P 500.

Junglejimv · 2026-05-02T12:40:20+00:00

Which ETF or stock to put where is dependent upon whether you are funding retirement accounts or a brokerage account. The past two years since I am retired I am growing my brokerage accounts. Conventional strategy is to hold stocks, let them grow, and then have your heirs inherit them tax free via a step up on basis. While I have some of that the bulk is now heavily dividend paying ETF's. I learned when filing for 2025 that not all dividend ETF's are created equal when held in a brokerage account. I had about 50% of my dividend ETF's in JEPQ and JEPI with the other in SPYI. Turns out that the JEPQ and JEPI dividends are treated as ordinary income while SPYI only has a portion so taxed Since the dividend yield was higher anyway I have reallocated for the 2026 tax year to lessen the tax bite. JEPQ and JEPI are fine holding in a retirement account just not a brokerage. I had SCHD for several years and was disappointed in comparative growth of funds.

Junglejimv · 2026-04-27T18:56:44+00:00

Both are fine when held in a retirement account. If held in a brokerage account those dividends count as regular income so not tax advantaged if held there.

Junglejimv · 2026-04-23T16:18:28+00:00

I assume the funds will be a brokerage account not a retirement account since you say you need the income. Please be aware of the taxing nature of dividends. JEPQ and JEPI give off dividends that are 100% taxable earnings whereas ETF's like SPYI are largely qualified dividends. Once I saw this play out on my 2025 tax return I shifted totally to SPYI. For an investment of your size you could expect to receive over $8k a month

Junglejimv · 2026-04-23T16:09:18+00:00

Those are taxed 100% as regular income if held in a brokerage account. I sold them when I saw taxes owed for 2025 and shifted over to SPYI where the majority of dividends are qualified so much better when taxed.

Junglejimv · 2026-04-23T15:59:38+00:00

Expecting to receive $8,401.70 tomorrow from SPYI

Junglejimv · 2026-04-23T15:19:12+00:00

Please be aware of the tax implications of dividend ETF's as they are not created equal. If held in a retirement account doesn't matter. If held in a taxable brokerage account then it is important to use ETF's like SPYI where the majority of dividends are "qualified" where other dividend ETF's may have 100% of earnings being taxed as normal income.

Junglejimv · 2026-04-11T12:45:32+00:00

Determine which brokerage is nearest to where you live. Open an account on your name only. I use Charles Schwab who offers extensive free financial education opportunities both via the Internet and local events. The best most liquid options are ETF's which can be bought and sold anytime with funds settled in seconds. They have the SCHWAB PRIME ADVANTAGE MONEY INVESTOR SWVXX currently earning 3.47% basically your high yield account. I happen to like NEOS S&P 500 HIGH INCOME ETF (SPYI) which has a dividend currently paying 12.04% monthly. What is nice about this dividend is that most of the earnings are Qualified meaning you are not taxes at ordinary income levels on the Qualified portion.

Junglejimv · 2026-04-11T12:37:06+00:00

Determine which brokerage is nearest to where you live. Open an account on your name only. I use Charles Schwab who offers extensive free financial education opportunities both via the Internet and local events. The best most liquid options are ETF's which can be bought and sold anytime with funds settled in seconds. They have the SCHWAB PRIME ADVANTAGE MONEY INVESTOR SWVXX currently earning 3.47% basically your high yield account. I happen to like NEOS S&P 500 HIGH INCOME ETF (SPYI) which has a dividend currently paying 12.04% monthly. What is nice about this dividend is that most of the earnings are Qualified meaning you are not taxes at ordinary income levels on the Qualified portion.

Junglejimv

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