>>60559462
>am i being stupid by not buying an index fund like VTI instead?

Make yourself a nice little portfolio of covered call funds on high growth momentum names, pick up HOOY, NVDY, PLTY, and MSTY. The distributions are taxed same as income so you will need to put away 30-35% for taxes (you can store that in your shitty money market fund), 45-50% for reinvestment, take 20% of the distribution to live on which for a equal weighted $2.5m portfolio of those 4 tickers would have been ~$31,375 for June after taxes and reinvestment.

Those funds typically pay out between 5-12% per month so after taxes and reinvestment you would be looking at pocketing between $25,000 - $60,000 per month, with decent growth built in. You would have to manage your portfolio and swap out funds every few years to make sure you are staying in hot momentum names, those are the best option funds to be in.

Probably too complicated for somebody dicking around making $10k per month in a money market, wondering if he should still be a wagie though.