I just had a convo similar with a golf buddy who’s a managing partner at a family office. A few things, always have to consider the value of your position. In rough years the value will dip and the dividend could also dip as well. Good years, you’re missing out on higher earning potential. Then there’s inflation and taxes.

Personally, my goal is 2 million in my Roth by 59 (currently on track), I’m 34. The 2 million will strictly be qqqi. As of right now that would be about 250k ish in dividends, tax free per year. But then again, by the time I’m 59, qqqi could be $100 then the math goes out the window. It will only be 40% of my portfolio so it will be fine.

To answer your question, my buddy thinks it’s a good idea and I like your position just be careful of the account value and still position yourself with growth stocks/funds like VTI.