Nice holdings. I am already retired and i own SPY, IWM, RSP and DIA b/c i sell CC strategically on them meaning long dated covered calls so not like a trader would do. I also own SCHD and VYM and loading up on XLU b/c I believe it’s undervalued. My fav CC ETF is DIVO. I own VCIT and SPHY for bonds. I also own 25 or so individual growth dividend stocks and write strategic CC on those as well. I made $63K selling options last year. Great channel 👍
I know etfs are the way 99% of us should invest in but im hooked on some individual stocks in my ROTH 3 etfs and 17 individual companies i want to go down to 3 etfs but can't pull the trigger
I am in my 70s and concur with with most of your selections. My bond fund as been VTEB however I may switch over to AAGH and/or SCYB. I held a strong position with JEPI buying in at 52 and recently sold off a bunch, realized a profit, and poured it into SVOL as SVOL has been paying a more consistent monthly dividend which has been used to subsidize my RMDs. Still holding positions in JEPI, JEPQ, and XLV and will do so for the foreseeable future.
We have a lot in common, I’m 70 and in process of selling many of my growth stocks and buying ETFs. Own a bunch of JEPQ, JEPI, SPYI, SCHD, SPYD; a little DGRO, PFF, HIGH and buying AGGH. Any thoughts?
My purpose in setting up my SEP IRA and regular IRA accounts was for capital preservation with modest growth and having my dividends subsidize my monthly RMDs. My current retirement portfolio's positions that generate monthly cash include: JEPI, JEPQ, SVOL, MINT, O, supplemented by quarterly dividends from SCHD, XLV, and VIG. Over the past year I am on track.@@umpire1970
This is perfect timing for me! I just turned 50 and have been trying to re-allocate my 403(b) investments and Roth IRA, as well as put more money into a taxable account. I have many of the investments you mentioned - glad it seems I am finally on the right track!
Great video . I just started investing in ETF’s February 2024 . VOO 33.33% QQQM 33.33% SCHD 33.33%. Tomorrow I will start playing around with SPYI and QQQI $5 a day each as an experiment.
The Simplify funds have performed the worst out of my ETF’s. Sold HIGH & AGGH but keeping SVOL for now since it holds both of the others. Total return wise, SPYI has been the clear winner. Started a position in its new sister fund QQQI. I have small amounts in YMAX & YBTC. More in JEPI, JEPQ & FEPI. Building my VOO & QQQM. Outside of that, individual stocks mostly large cap, BDC’s and REIT’s. Active in the options markets as well which has provided a significant boost in income. All undefined risk trades. Large chunk in cash at 5% as well. I keep a long portfolio that I fund with my options premiums. I manage my portfolio full time now at 56 years old and can’t imagine doing anything else.
One thing to keep in mind is the correlation between different funds. The same 3 stocks make up 18% of VOO and almost 50% of XLK. That's great when those stocks are going up, but maybe not so good when they correct.
I'm retiring in 11 months. I own DIVO, JEPI, JEPQ, SPYI for income and SCHD, VOO, SCHG for growth/inflation. I doing a 50% dividend income and 50% in growth/inflation protection. I don't plan on taking Social Security until I reach 67.
After everything you've reviewed on the channel (thank you), it's nice to see what you're holding & buying at this life stage. In my 49th year I've got a little over 50% in VOO, 25% SCHD, 12% bond mix of AGGH/SPHY/SCHO/BND, 12% growth in QQQM/SCHG, and trying to grow a small dividend stock portfolio of 10ish stocks... that also has JEPI, JEPQ, and FEPI in there. I've been able to get the market gains without taking much of a hit from downswings. SCHD is an amazing buffer to the dips. When do you plan to shift to more bonds or go conservative with your allocation?
Good question. I'm pretty diversified with other investments. That helps but will still start buying more bonds as I head toward 60... Current thought!
We are a few years away from 50 and our portfolio consists of 50% FXAIX (S&P500), 24% VGT (Vanguard Tech), 24% QQQ (Nasdaq 100), 2% Individual Equities. We consider our approach a 'Tempered Growth' approach as we are zeroing in on early retirement. We aren't pulling back yet on being aggressive so no bond positioning yet. As our window starts to dwindle we will start moving more to that cash preservation position for some to protect it to ensure we have the right bridge amount to retire early before we can pull from our Tax Deferred Accounts. We like the idea of dividends, but feel its a great strategy for passive income, we just don't need that yet until retirement... we would rather chase the growth.
i have TSLY, YMAX, ULTY, IWMY and QQQY to supplement my retirement. I think this is a an excellent mix and based on an index so it should be pretty steady. TSLY is rocky but again its based on TSLA which is very jumpy. Just hold on and in under 3 years with the div you are on house money! These funds have been life changing for me!
Great perspective on your investing philosophy. Two questions 1. Where do you buy your covered call ETFs (taxable or tax sheltered accounts) 2. Would you share the percentage allocation to each position
I own most in a taxable account. Not great for my current situation but idea was to cover a few expenses. I will get a video together on allocation. That may make it easier to explain as my situation is complicated compared to most.
Young 40's is still a great time to be aggressive in your investing. It has worked for us. We started late to the game really diving deep into investing and picking the right asset allocations. Growth should be most peoples aim if they are many years away from retirement. We were too conservative as investors and missed out on making a lot in the market for far too long.
I like the DIVO pick, I recently flipped it for the IDVO version though and it's been a great choice so far - same quality strategy just on good quality international non-US stocks
I like the mix and have most of these. I looked at aggh but went with sphy because of the 0.5 expense and it has outperformed aggh over the last 2 years and still pays over 7% monthly. I also have some svol which has aggh in it.
I'm in my 50s as well 😊, just the etf part of my portfolio is built on 2 pillars, growth 'n income. *Growth* is based on *SPY,* followed by a smaller *QQQ* position, and some *SMH* as spice on top. Well, that's not 'diversification', lots of overlap, more a pyramid with 3 tiered risk layers, but so far it worked well 🎉. *Income* has 2 equally weighted core positions, *BIZD* and *SVOL,* surrounded by *SPYI, FEPI,* and *BITO* as covered call satellites (the 'income' part comprises a few CEF as well).
Hi Dave, you obviously enjoy the analysis but can I ask you honestly, do you think all of the research and owning all of these different funds is paying off for you? For example in a bad year like 2022, did you have a smaller drawdown than a 60/40 portfolio did? Or in 2023 did you significantly outperform a 60/40 portfolio. I'm not asking to be a wise guy but because I struggle with it myself...should I put time into this or just set it, rebalance it yearly and forget it. What do you think?
You can be simple and effective with a 3 fund portfolio. You don't need to tinker. Get it set and keep investing. Save a ton of time. I think that is great. Depending on age, I would probably be more in stocks versus bonds but that is about it.
@@wealthadventures Okay thanks for all you do and for taking the time to respond. I'm retired/older and the drawdowns are definitely tougher to endure especially if we were to go into a secular bear market. I've looked into tactical asset allocation and it all sounds good in theory but it's not easy to get right in real time but I'm trying. I have separate watchlists for equites, sector equities, international equities, fixed income, commodities, currencies and I try to allocate by relative strength.
You might look into QQQI as it is better tax haven with a higher dividend....same company that manages SPYI which again beats JEPI on taxes and is a higher paying dividend ETF.
I'm buying all those and learned about most of them from you. Also buying some PAPI and IDVO. Created a new account just to build your "Triad" portfolio of 50/25/25 SCHD, XLV, XLK. Curious to hear at age 50 XLK is your biggest holding though... For my bond holding I have mostly PONAX. A little expensive but they seem to do a good job. I'm 54 BTW.
Hello Dave, I just wanted to say thank you for this. Because of you channel I got back into investing with M1 and etfs. That being said I may have been too excited and may have too many etfs. How many do you suggest? At what point are the fees hindering your return percentage? Is there such a thing as too diverse? Thanks again. I really mean that.
Hi. That is great to hear! A simple 3-5 fund portfolio can be plenty diverse. Having said that, I have WAY TO MANY. I dabble in many that overlap (Likely because I review so many!) It is not ideal but I do track my overall exposure to different sectors. My fees are low in my larger holdings. I have a few that have higher fees such as the covered call ETFs but they are a small component overall. I think you can be too diverse in the sense that if you buy everything, you are buying the worst along with the best. I buy broad based ETFs as a component and buy what I think will be sectors that outperform. I also believe my thoughts will change on diversification as I get closer to retirement.
I’m 32. I’m not really investing a lot of money into my Roth IRA, but I still spend a lot of time building the ideal portfolio. FBTC SCHD SCHG SMH ADC JEPQ TSLA I believe it covers all the important parts of the market.
I sold my entire position in JEPI. This past year really showed me that the whole ELN/Covered call strategy doesn’t hold up to asking the fund manager a simple question: why the fund exists. You are right Dave where you say something like JEPI or QYLD will never outperform the underlying, and this is before factoring in the taxes on earned dividends. I don’t see why the strategy of giving someone $100 to buy the S&P and then return me any value less than $100 warrants an expense ratio. If the income (dividend) from one of these funds is then used by the recipient to build a long position in the underlying or even individual stocks, I realized I could just be splitting the $100 into those rather than paying a JPM fund manager.
Something like SCHD is at least 100000x better than QYLD and the like because it at least has history of achieving the goal set out for the fund and very closely tracks the Dow jones dividend
I use SPLG instead of VOO. VGT for tech, BALI for large cap over JEPI. I will take your advice for my dividend etf and choose VYM, so thank you. Should i stay w/BALI? Its young and im dumb so any help is appreciated.
SPLG is great. I do like BALI for those looking for income. I don't think it is the best option for someone with time on their side. However, if it motivates you to invest, it might not be a bad "side hustle" to invest and get a small monthly paycheck. Cheers!
@wealthadventures straight and to the point. I like it! Long term is my objective, so I will reallocate. Your videos are extremely helpful. Seriously, thank you.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
Hi. Which products are you using for the S&P and total stock? They will overlap for sure but not the end of the world. I would be concerned about being 100% stocks. Just my personal view.
I would start with some traditional index ETFs such as VOO or VTI. Never too late to get started. You could also look at more growth with VGT or VUG. However, I would not push and try to outperform the market to "make up time" and gamble on individual stocks. Just what I would do.
Thanks for the video! I’m in SCHD, XLV, XLK, JEPI, JEPQ, but chose the SPY over the VOO as I may write covered call and puts. What do you think about holding SGOV for term?
It's the cash I want to redeploy once the market stops looking so frothy. BTW, I'm 52 so it's nice to hear the thoughts of someone around my own age, thanks again.
@@wealthadventuresOne example is the VOO ETF has an expense ratio of .03% and Fidelity FXAIX is .015%, and the NAV is less than 1/2 of VOO and the returns are practically identical. My bad, Fidelity is a mutual fund.
