Posts  / SPYI  / #POST-221301
REDDIT

Infinite money glitch? 10k shares of SPYI

T
Mar 5, 2026 · 23:17

I’ve now reached the age where I can pull money out of my 401(k) without paying a tax penalty if I lose or quit my job. I have a lot of SPYI, though not 10k shares (yet!). SPYI pays monthly dividends. Last month it was about $.52 per share. That means that if I had 10,000 shares, my dividends would be $5,200 per month, assuming that stays flat. I’m assuming this also means if I quit my job tomorrow and moved to a cheaper country, I could live off of just the monthly dividends without ever selling any of my SPYI investment. Does anybody see a downside to this, other than losing out on potentially even more money in the future by quitting working now or making multiples of that monthly $5,200 by playing riskier stocks?