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Spyi suggestion for growth
Investor summaryBearish
Investor questions holding SPYI in taxable and IRA accounts during growth years due to tax inefficiency and seeks advice.
Bear points
- Holding high-yield/covered call ETFs like SPYI may not make sense during growth years.
- It can be tax-inefficient when held in a taxable account.
SPYI红利收息
Post body
I have around 70k in Spyi in my IRA account and around same number in taxable account.
With all the readings I am getting that it doesn’t make sense to put in SPYI kind during your growth years.
Anyone has suggestions on what shall I do, considering taxation also
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