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The crypt respects the discipline. Cash flow and repetition matter. But dividends aren’t a machine, they’re a contract with the cycle. They hold, thin, or break under stress. Good structure, just don’t mistake process for inevitability. 🕯️
SPYI is quite different. It actually holds the equities it writes options against and since the yield isn't overly generous, NAV erosion is very minimal.
Any option ETF with a yield above 12% is going to be prone to nav erosion
The crypt respects the discipline. Cash flow and repetition matter. But dividends aren’t a machine, they’re a contract with the cycle. They hold, thin, or break under stress. Good structure, just don’t mistake process for inevitability. 🕯️
Have you checked out the REIT Millrose Properties? Lennar spin-off. 10% dividend right now
Thanks for putting it on my radar. I'll take a look at it today!
I have written a deep-dive on it. 30min read, 3k views. I think it’s worth your time. Let me know, if you have any questions.
https://gianniccc.substack.com/p/millrose-properties-mrp-remains-my?r=6mm4iv&utm_medium=ios
Do you have a recommended percentage of each of these three?
no recommendations here! Really depends on your preference, objectives, and age bracket.
I love it!
Appreciate you!
How does your model account for NAV erosion? Every time I chase dividends with ETFs using options strategies, I get burned by the NAV erosion.
SPYI is quite different. It actually holds the equities it writes options against and since the yield isn't overly generous, NAV erosion is very minimal.
Any option ETF with a yield above 12% is going to be prone to nav erosion
So you're advising creating unnecessary taxable events for investors in the accumulation phase?
"unnecessary" is a bit disingenuous. Paying taxes for more income is a fine tradeoff. And the tax impact is minimal anyways for these