New, Crazy, Exciting ETFs

New, Crazy, Exciting ETFs

Mar. 22, 2024

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This week we’ve been looking at the growth part of our three-part plan.

And we’ve done it via ETFs.

Why ETFs?

Because they’re easy. And also because they’re so hot right now.¬†

There have been so many new products coming out that it’s hard to keep up. But it’s worth keeping up.

Because we could be able to get in on the ground floor of really great ideas.

Or, of course, they might drop tremendously in value because they got rushed to market.

Nonetheless, there are some tantalizing high income ETFs that have just come out. They use options to create crazy dividend/distribution streams. For someone looking for income and not really growth, they could be a great tool at some point.

These might be candidates for the dividend prong of my plan.

Here’s a list of some prominent ones:

  • BALI: 7.71% yield
  • PAPI: 7.20% yield
  • FEPI: 20.34% yield
  • LQD: 4.16% yield
  • SVOL: 16.25% yield
  • SPYI: 11.62% yield

Potentially buying all of them could lead to an overall yield of 11%. Crazy.

There’s also an ETF coming out to capture the Magnificent 7 all in one place.

It’s called MAGS. It seems like the Magnificent 7’s run might be over at the moment but it’s a good one to keep on our radar.

And there’s another coming out that’s fascinating.

It’s stated goal is 20% per year. They’re doing it with complicated option spreads and its name is SPYT.

[And if you’re interested in politics (which I am not), there are two new ETFs that follow the trades of Congress. Those are NANC and KRUZ. There isn’t enough data to make any definite conclusions on those, but they’ve been rising.]

Will any of these keep their yields and not fall off a cliff?

Maybe.

But I’m definitely keeping all of these on my radar for the dividend part of the plan.

Talk to you soon.

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