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r/investingr/investing· u/LemonFrequent2036· 2d ago 0

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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