GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF
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40K investment in higher-yield ETF nearing retirement?
Investing Advice For A 38 YO Healthcare Business Consultant.
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To get high yields and high liquidity means you need at minimum 2 funds. You also need to consider taxes because not all dividend funds are taxed a the same rate. And to have access to the money at any time it needs to be a taxable account. * At least one high dividend fund * A money market fund Basically you use the yield of the dividend fund to feed money into the money market fund. This means automatic dividend reinvestment is set to off. The dividends are gernerally not reinvested. But instead a portion is reinvested and the rest stays in the money market fund. So set a maximum limit on the cash level in the money market fund. 6 months of living expenses is a good level. If the money market fund exceeds 6 months of cash reinvest the excess into the dividned fund. A good dividend fund to shart out with is a quality covered call fund. Quality funds generally pay around 10% or a little higher or lower Say 8 to 13%. Some favorite are QQQI 13%, SPYI 11%, IAUI 11%, GPIX 8%, and GPIQ 10%. All of these fund generate about 90% ROC dividend that makes them very tax efficient. These funds are similar to growth index funds but the covered call strategy coverts the growth to income. The GP funds target more growth and lower dividned, While the NEOS funds (QQQI and SPYI) target more dividends and less but still positive growth. So the price of these funds will move up and down with the index they follow but have less growth and more dividend. IAUI (a NEOS fund is a bit different it follow the price of gold. You also want a maximum investment limit to the growth fund. You don't want to have all your money invested d in the same way You want to eventually have multiple funds generating income and feeding that into the money market acount. That way if you sector of the market has problems you still have income from other sectors of the market. This insures money will always flow in the money market account. So evernualy you will have multiple dividend funds and one high yield money market accounts. I started out the SPYI and QQQI in my fidelity acount. Now I also have UTF 7%, UTG 6.4% NAC 7%, PFFD 6% all feeding money into my money market account with 6 month cash reserve and montly dividend income feeding it. I also have a growth index fund in this account as a form of emergency saving with currently 4 times my living expenses. The dividned funds currently produce all of my living expenses in 1 year. This allowed me to retire in my 50s. But this type of account isn't just for the old. The young can and should start one as well as a standard retirement fund in Roth or 401K.
Honest question, what does GPIQ and QQQI do for you that QQQM doesn't? Also, I'd lose DIA and the individual stocks for VTI, VOOG or QQQM or whatever.
I recently implemented a 3-tier cash strategy: -Tier 1 - Fidelity CMA in SPAXX at about 3.3% (functions like a checking account). - Tier 2 - HYSA at OpenBank earning 4.0%. Funds (up to $5,000 daily EFT limit) available in 24 hours. - Tier 3 - Fidelity CMA invested in cash-like high-dividend positions - 10% each of SGOV, CSHI, SCHD, GPIQ, and GPIX. Currently returning about 6.04%. Dividends on all these positions are somehow tax-advantaged. No state tax on SGOV or CSHI, qualified dividends on SCHD, and mostly tax-deferred ROC on GPIQ and GPIX. If interest rates drop I may shift more cash further up the tiers to earn more interest unless I need the cash soon for a specific reason. I’m 5-10 years out from retirement, so trying to build my cash pile/buffer to protect portfolio in down years.
You turned $10k into 1m? How does it feel to go from average to having years of funds giving you peace and stability? You can put it into an income covered call ETF like GPIQ, get 10% or $100k income and appreciation has been around 13% average a year. 25% CAGR since inception. Basically can retire now. Am jealous.
I have mid six figures in VOO/GPIQ and also more money in VOO/Vanguard IRA. I'm using VOO/GPIQ as income and also reinvesting some of the money back into VOO/GPIQ. If there's a broad market crash it will crash for everything. Right now I'm enjoying the 10 - 15% returns.
I'm DCA'ing into GPIQ, covered call ETF which pays 10% dividend per year. Has also averaged 13% appreciation since inception as well. If I can get a 20%+ CAGR and keep investing the dividend will let me retire in five years. Long road ahead.
I'm DCA'ing into GPIQ, covered call ETF which pays 10% per year. Has averaged 13% growth since inception as well. If I can get a 20%+ CAGR and keep investing the dividend will let me retire in five years. Long road ahead.
There’s not a financial product or investing strategy out there that doesn’t have its place. Here’s my opinion: 1) Not ALL cc ETFs lag the underlying with dividend reinvestment. In fact, some can outperform in certain markets. Look into OVL, TSPY, and GPIQ. 2) Covered call ETFs that do not sell away all of their upside and are still able to offer some dividends can be a fantastic product in retirement. The asset grows (albeit slower than the underlying) and you get income. You could get better returns but you’re in retirement and income is the focus. 2) Covered call ETFs that require all distributions to match or come close to the underlying are terrible. You could make the argument that in retirement you could partially reinvest but at that point you were better off buying a cc etf like I described in point #2. 3) these only make sense in a brokerage account. In a tax sheltered account, even if you wanted to use these in retirement you should go for growth. Then swap to the covered call etf. Or even schd, DGRO, DIVO whatever. The idiots buying SCHD in their IRAs never cease to amaze me. Secondly, all distributions from tax deferred accounts are ordinary income. That’s not the case in a brokerage acct. In a brokerage account you can’t just sell one position and buy the other. You kind of have to pick a lane and stay in it. So if you want the income in retirement from the brokerage acct you have to plan it out and stick with it. 4) assuming you subscribe to all of those schools of thought, income ETFs in a brokerage account allow you to do something no 401k or IRA can do (unless you 72t but that’s another discussion) and that is generate income or sell assets prior to 59.5 yo without penalty. For someone looking to retire early, or use the income from time to time this can be a game changer. 5) In a brokerage account with income ETFs you have a number of tax levers. Capital gains (which by the way are taxed at 0% income cases and well below income ordinary rates in other cases), 1256 treatment, return of capital, qualified dividends, tax loss harvesting to name a few. 6) imagine you have an asset that didn’t erode in value but paid you in retirement that you never had to sell. And when you die your kids get that asset with a step up in cost basis. They could turn that on as an income stream immediately or let it grow and contribute to their own retirement. What other asset besides real estate (which most people can’t afford to invest in) can do that? TLDR - covered call ETFs have their place. Anyone who says otherwise is not considering all the details. Anyone who thinks they are the greatest thing to ever exist and the only way to invest is not considering all the details. The truth is somewhere in-between. It’s an investing tool. As with all things investing, use it right and it can help you reach your (completely unique to you) goals. Use it wrong and you can lose money.
Yeah I agree with this guy's points. I'm 6 years into retirement and I have 30% in BIL which is a money market ETF and its yield has gotten crushed over the last year obviously. I don't really need that much cash in money market, so I've been looking for an income replacement for about half of it and I've started looking at charts of GPIX/GPIQ/SPYI/QQQI. Unfortunately only SPYI existed in the 2022 bear market and only for the last quarter, but they all basically came out of the tariff and Iran dips fine. And their tradeoffs between yield and growth is almost exactly what I'm looking for. So 7.5% I'd be fine with, the timing is a tough call because 3 - 4 years is kinda close. I kinda wanna say wait until you actually need the cash flow, but I had a defensive portfolio long before I retired, so I can't.
Thanks for these points. I was also thinking about a GPIQ/SCHD split leaning a bit higher to the former. Looking at my portfolio, I also have mutual FFFRX which yields about 7.3% and would be similar to that PHK fund. That Adams fund is intriguing so I'll look a bit more at that. Maybe a "big 3" in the works for some diversification.
I follow the line of reasoning and agree with the basic concept, but would be cautious about going all-in GPIQ or similar funds. IMO it's OK for *part* of an income portfolio, but not 100% because there are pros and cons to get that high yield. ETFs like GPIQ trade the upside potential for income, but at the same time don't really offer downside protection. There's also data showing these types of ETFs underperform similar higher-yield or dividend ETFs measured by total return. Also tax quirks outside a retirement account. Some of the other possible problems are outlined here: https://www.etf.com/sections/features/buy-write-funds-high-yields-obscure-some-risks YMMV but I'd prefer to split among 2 or 3 high-yield options that each use a different strategy, to minimize risks. Sort of pulling this out of my ear to illustrate the point, but ... 40% GPIQ for covered call and stock income; 30% ADX, LGI or PHK for some older established closed-end funds with 6-8% yield target if not higher, and can use a bit of leverage; and 30% in a high-yield short-term bond ETF like SHYG that has a current ~7% yield. You'd be spread across different strategies and assets with this sort of allocation.
Estimated US will need like 330+ small nuclear reactors to power the country, we're going back to nuclear so Uranium like UUUU is seeing huge repricing, Westinghouse is getting the contracts to build out on old coal mining sites. If Oklo can partake could see massive growth but it's a far shot I've thought about buying in for a while though. NBIS is old Yandex split, the NVDA of Europe am told it's just one of those companies too chicken to buy but they have 46b in backlog and market cap is 37b, wish bought in $30s. I like IREN cause it's in Texas and backed by MSFT. ASTS another massive runner 3b users if it completes its constellation with all the contracts it has, those who bought at $3 will have made millions by then I remember when WSB was calling it out but I was clueless in those days just barley beginning to learn. Haven't heard of ISMR will look it up. Used to be in Linde and made good money with RR buying at like .60c and selling at $4, it's like hearing of an old best friend these days lol. These days, my focus is GPIQ. It runs like QQQ but pays a 10% dividend. I want to use safe amount of margin, keep DCA'ing and dripping and create generating income each month so can retire early instead of focusing entirely on growth. It's the one am going deep on most to escape the rat race.
You could jump into QQQI, GPIQ, VZ and some other fat dividend payers and easily pull $400k per year.
You're the one with zero common sense, and it shows. You've clearly done no research, have no clue what you're even talking about. What a complete fool. Why would you invest into SCHD/DGRO and make 40% in five years after dividends just cause their dividends pay a little more? Seriously, are you that daft. Dividend growth comes from the fact QQQ share price appreciates at such a tremendous rate, if the shares are worth more the dividend increases as well how difficult is it for you to comprehend something a child could understand?! Selling covered calls on a $5 stock vs a $50 stock obviously the premiums are going to be much higher. How hard is it for you to grasp GPIQ covers 87% of the share price growth of QQQ, which translates into a higher share price. Get help you clearly need it.
I don’t give a shit what you invest in, my original comment was about you comparing SCHD/DGRO to GPIQ. Here’s a thought, since your stupid ass can’t even use some common sense. The majority of the NASDAQ100 do not provide a dividend. The average comes out to like .49% yield. These are mostly growth stocks, so they’re not increasing dividends each year. Your distributions for GPIQ is: option premium harvested + underlying dividends from the NQ100 So where the hell is your dividend growth coming from? You can see the distribution drop a couple of times in 2025, dropping to .38 cents. The first distribution given by GPIQ was for Dec 2025, and it was for .38 cents as well. Anyways, tired of arguing with your stupid ass. Ask AI, and the’ll give you the same answer. Search reddit and you’ll get the same answer.
I don’t have time to argue with your stupidity over the dividend growth of GPIQ, because it’s absolutely not true. I’ll give you a hint, the distributions of GPIQ is based on the volatility of the market. The distributions you get with GPIQ is from them selling covered calls. The higher the distributions, means there was higher volatility. Go read their prospectus or go look at the distributions of other CC ETfs with a longer history. You’ll see that the distribution is all over the place.
Mislabeling GPIQ entirely, it's a cc etf OF QQQ, the largest 100 companies non-financial companies of NASDAQ. The distribution does grow, the average growth has been 13% per year before the dividend. Meanwhile, SCHD/DGRO makes 35% in five years. You're comparing a Nissan to a Lambo.
You can’t even compare GPIQ to SCHD/DGRO, that’s like comparing apples to oranges. GPIQ is a CC ETF whereas SCHD/DGRO are basically investing in large cap value that has historically grown dividends. The distribution of GPIQ never grows, as a matter of fact it can even drop in distribution.
The good news of your situaltion you know your tax rate 37%. There are no tax barkets at this time higher than 37%. So you could sell a lot of stock and not pay more than 37% tax on it. But if you have state income taxes and and foreign taxes you will need to talk to a tax professional . Bad news is that you probably cannot use IRA or roth account. It is simply too much money. So you will have to use a taxable account. So conceivably you could sell 1 million worth of stock and and immediately pay 37% federal tax. and reinvest the rest for income. You can also do this as in increment smaller than 1 million. But you also need to use tax free investments as much as possible to minimize the taxes on the investment income. So that the muchnew invesment income won't generate a lot of adidtional tax income. Now good covered call funds likeQQI 13% yield, SPYI 11%, and GPIX 8%, GPIQ 10%. These funds produce ROC dividends. And you initially pay no taxes on the income which for all of these is 90% ROC dividen with a small about amount that will be taxed. While you don't pay tax on ROC dividend due reduce the cost basis of the shares When the cost basis reaches zero you pay the capital gains rate on the income which is still less than regular income. Now you can estimate the time the ROC dividends will be tax free simply divide 100 by the yield. So for QQQI 100/13=7.6 years. For GPIX it is 12 years. You will be 62 years old by that time so you will be retired by then. There are municipal bond funds and government bond funds that may be tax free but you should check with a tax professional before investing in them. You should also talk to Fidelity. They have a tax loss harvesting fund You basically transfer your stock and they use margin to buy a basket of stocks and do tax loss harvesting to to accumulate tax losses that can be later used to erase the taxes when they sell you stock. I am not using this but they can provide more information than I have. The other option into use covered calls to generate some tax losses But not all people can do this themself without making mistakes that generate tax problem. So it might be best to use wealth management company to do this. Also covered calls can be used to generate in gradually in retirment.
As people are their risk tolerance tends to decline nothing wrong with dividend investing at your age. Now government bonds ar the preferred route for many people because the government always pays. But the yield are always small and barely keep up with inflation. If you invest in dividend funds that don't invest in government bonds you ca get higher yields Now I live in the US and don't know anything about your taxes or investment options but for myself I like diviend dinvestings. And JAAA 5.5% yield, UTG 6.4%, UTF 7% and CLOZ 8% all pay more than the long term inflation rate and they are hghly reliable payer. UTG and UTF both have 20 years of no dividend cuts. FCLOZ and JAAA don''t have a long history but the asset they invest in CLOs is a very low risk Asset. So in any recession these should pay out dividend. I also have AADC9% yield about 15 years of history and the dividend is very stable, EMO 9% and PBDC 9%. They have more risk but still reasonably reliable dividend. and the best part is none of these funds are covered call funds. And non have nave erosion. As to covered call funds I have some but NEOs fund like QQQI and SPYI and GIX and GPIQ are all covered call funds with no nav erosion. Nav erosion is normal for any wlell runs dividned fund. NAV Erosion typically occurs in fund that are not well managed or are paying out a dividend higher than covered calls can reliably generate. The covered call fund I have mention have been intentionally setup to pay lower yield and many other covered call funds that have NAV erosion. but with Yield of 8 to 13% they still earn a lot more than the inflation rate. Now with the higher yield from funds like that you can generate more income from less invested. But like I said earlier I don't know what funds are available to your or or the tax laws you have to deal with.
The best solution to your problem is to invest for dividend. Is you want your monet todouble in 8 year and use the rule of 72 you the 72/ 8 -9% yield is what you need Now many would say 9% is not doable. But it is ARDCC has been paying 9 % for about 15 years BDC (business development companies have been paying 9% for a very long time. So in Addition to ARDC I have PBDC that invest in only BDC and it alohas a 9% yield Both are funds holding multiple asetsk EMO invests in MLP (companies that move oil and gas via pipelines. It yeild % BDCs have been around for 50years and MLP for about 40 years. These funds invest you money and than divi up the profits and send you monthly or quarterly check 100k in any of these 3 fund will generate 9K per year o income you can either reinvest odor use the money to cover wedding cost or college costs. Now you don't want to have all your income comming from one fund So 33K in ARDCC, 33K in PBDC, and 33% in EMO is a better combination. There are also good covered call fund with high yield and tax efifency and some growth. Some of the best ones are QQQI 13% yield, SPYI 11%, GPIQ 10%, GPIX 8% are also worth coonsidering.
For anyone who owned GPIQ in 2025, how were the dividends categorized in the context of taxes? I've read 90+% is ROC, was that true in for 2025? Were the non-ROC dividends taxed as 60% LTCG and 40% regular income?
Dude lol you were so quick to run the numbers, talking about growth, now you backtrack the second I make sense. Year 0 $200k + $100k margin = $32k dividend plus $26k DCA at $100 per day 8% growth average per year, reuse margin after first $100k paid off, higher dividend, keep DCA'ing, the numbers work out to a million in five years. And very few people know about GPIQ or turbocharging it with margins while DCA'ing. It is relatively easy compared to making 1m with QQQ in five years.
Again I think you should reread my original comment. I don’t own any GPIQ and never said I did, I’ve been researching it for a while and am looking for a reason to not throw a few 100Ks into it to assist in my glide through retirement which I haven’t found yet. You’re screaming into the void about lost growth potential but you refuse to understand that I have many millions still invested in growth/index funds. 300k is a very tiny percentage of my portfolio, the ~10% of dividends that produces will pay my annual utility bills, in conjunction with my pension I already receive I won’t have to sell any shares of my stocks to live off.
I do not think you really understand what you are holding in GPIQ even though it has "Income" in its name.
You do not need dividends for that, you can just sell a bit of your non-dividend stocks each year. A stock that pays a 2% dividend is the same as one that doesn't pay any and you just sell 2% of it each year. The dividend is built into the stock price, it is not some magic extra cherry on top. There is no free dessert. In the above, own the Qs, sell 17k out of the 360k and you still have the same 343k left to appreciate without any capped upside because of the covered calls. Since inception, GPIQ is lagging both QQQ and SPY. What is there to like? [https://imgur.com/a/rG4PHd4](https://imgur.com/a/rG4PHd4)
OP, I'm with you. Hoping to retire in about 3 years and will need a steady monthly income stream. I'm thinking of selling some of my growth off and stagnating stocks and ETFs. Would be planning to put about 125k into GPIQ, and 75 in SCHD. I figure the best of both worlds, right?
I’ve posted similar comments in the past; I agree that GPIQ/X are totally slept on in the dividend forums. Slightly less yield than QQQI/SPYI depending on the % of options used but that allows greater price appreciation because they don’t have to sell as many options during a bull run which helps protect and grow NAV. If you’re nearing retirement or FIRE’ing I honestly don’t see any downside. I’m earnestly trying to find a downside but I can’t. ~9-10% yield, NAV growth & protection, Goldman’s name, preferential tax treatment. For the young investors I would still steer them towards purely growth funds but those seeking to allocate some funds to replace monthly income I see no downsides.
I hold GPIQ. Going to start adding bigly to this position and also start one in SCHD. GPIQ's distros continue to be mostly ROC, and SCHD's are qualified of course. I'd like to retire in about 3 years, so I figure I need about 100K in these positions to start a decent monthly income stream in retirement.
JPMorgan funds rely on equity linked notes ELNs which are typically taxed as ordinary income, GPIQ utilizes Section 1256 index options, which benefit from **6**0/40 rule (60% long-term and 40% short-term capital gains rates). Also, a massive portion of distributions over 90% is categorized as Return of Capital (ROC**)**. This doesn't just lower the tax, it defers it entirely by reducing cost basis rather than creating an immediate tax liability. You’re applying a tax drag argument to a fund specifically engineered to avoid it through Section 1256 contracts and ROC treatment. It's not like JEPQ/JEPI.
Actually, you're wrong here GPIQ isn't taxed like those other funds. While JEPI/JEPQ get hit with high income taxes, GPIQ uses 60/40 rule where most of the profit is taxed at a much lower rate or long term capital gains. And a huge part of its payout is just Return of Capital, which means you don't even pay taxes on it right now. You're treating a tax-smart fund like a tax-heavy one.
TW. Each of the funds I listed write options on the S&P 500 similar to JEPI. However, unlike JEPI, their distributions are classified as Return of Capital. Similar funds that use the Nasdaq as its underlying would be QQQI, GPIQ and ROCQ (similar to JEPQ). ROCY and ROCQ are new funds from JP Morgan (the managers of JEPI) to take advantage of the ROC tax treatment that other funds employ.
Look into GPIX and GPIQ
There is a difference between 30k and 200k (aka 130k after tax). 130k in GPIQ will pay 13k per year. It is starting to look like these covered call funds are having NAV erosion, but it can almost pay rent in a LCOL area
Hate watching them but also taking advantage of the dip. Bought 100 shares each of GPIX & GPIQ. Also picked up 450 shares of SCHD. (Retired)
beyond 401K contribution which is split about 65% US large cap, 15% US small cap, 20% international - GPIX and, or GPIQ ETTs trying to ramp up Monthly dividend income in case I need the money to live off of. Tentatively planning to recast (not refinance) my mortgage later this year w/ a lunp sum to drop my monthly payment.
I don't own any of these, but in some cases their 1Y price performance is better than XDTE and QDTE: TSPY, GPIQ, JEPI, JEPQ, YLDE, DIVO
If you are looking for advice I was advise staying away from crypto and anything remotely associating with crypto. Not so much due to volatility but the simple fact that it's honestly just a ponzi scheme. I don't want to hear how any think's it isn't, it ticks ALL of the boxes so if it walks like a duck and talks like a duck.... Personally my portfolio is holding steady. It did go down about $100 because I withdrew about $100 instead of reinvesting it. I like QQQY, it's done well for me. I also have been investing is GPIQ and SPYI
Just invest in covered call ETFs like JEPI JEPQ GPIQ etc…..the 400k you lost would have generated close to 40k/year
This is such a stupid post. GPIQ by Goldman Sachs or QQQI by Neos can’t yield OP up to $140k tax free annual income without selling anything. Sure a market draw down would hurt, but even a horrific 50% collapse in market would still yield around $70k for OP. $4M.. LOL, some of you want new Bentleys. The rest of us done.
They’re not all bad. Take a look at this comparison of QQQ vs various QQQ-derived covered call funds https://totalrealreturns.com/s/QQQ,QQQI,QDVO,KQQQ,JEPQ,GPIQ QDVO handily beats QQQ in total return with dividends reinvested
I got a bunch of XLU a month ago and then it doubled the shares which was a fantastic surprise. Everyone still needs electricity although I am down a bit with it but I think it will ultimately rebound because a lot of influencers are promoting it as a top defensive fund. DO you by chance have GPIQ trying to figure out what type of Acct to put it into. It has a lot of return of capital primarily and there is some foreign exposure so I am thinking of brokerage but not sure. What would be a good type of stock to put into a ROTH instead of tech? Growth or income? Would like to grow that.
a) Speaking as someone who's made \~$1M in this last run up, you cannot "do pretty much anything" with $700k. $7M, yes, but $700k will get you $70k yr in "income" from something "safe" like GPIX or GPIQ. That's a decent income, but hardly forever $$. And then there's taxes. I've held my investments for 1yr+, so I would pay "only" 20% LTCG on that $1M. So $800k after taxes, to reinvest. His is/was all short term Cap Gains, so 30% taxes. b) He was foolish and greedy to i) invest in MSTR ii) to use Margin the way he did.
Used to run a 0dte SPX strategy to had a 60 day win streak before fatigue take the wins away Fat finger 100 lot of 0dte SPX kinda get where u come from but man if I made a million I’ll put half on GPIQ and live of dividends already
https://www.reddit.com/r/dividends/s/YD3PXPt7XL I'd add some layers to the overall strategy and split 90% into all three big firm CCs. GPIX/GPIQ (my favorites), JEPI/JEPQ and as you mentioned SPYI/QQQI. The NEOS funds have the highest yield and supposed best tax efficiency. The JP funds are more defensive in nature and will outperform in flat or slightly negative markets. The Goldman funds have the most capital appreciation while still delivering high yield. At the institutional level, there is the most trust (institutional ownership) in the JP funds, followed by Goldman funds and then very low ownership for NEOS funds. All three utilize similar but different strategies, plus they still have to execute on their strategies and some months, different firms will perform better. With all three you get increased diversification and variance in returns. You also get three pay dates per month. The remaining 10% into DIVO and IDVO, 30/70 split with IDVO being the higher allocation. Similar strategies to the big firm CC funds, but long track records and lower yield with emphasis of capital appreciation over time. Very high institutional ownership (>50%). Additional security in returns/distributions, one more payday per month and added international allocation. Then using the distributions, reinvest some back into each fund and use the rest for w.e. Id personally juice up the amplify funds with my big CC fund's distributions (doing that now). Also check out QDVO. Good luck 👍🏻
Buy S&p 500 ETF like VOO, SPY SPYM. Or NASDAQ ETFs like SPLG, QQQM. Or those with divs like QQQI, GPIQ. SPYI. Then before December you know how much gains you have and can guestimate the taxes for gains. Sell equivalent of your losing stocks to offset it. So that your net taxes for your stocks will be zero. Or better yet sell an extra 3000 and you can deduct it from your taxes ( if you are in the US).
You might be able to turn it into a Roth or Traditional IRA (check with the institution that currently holds it). Then you could invest in whatever you like. Common (safer) growth investments: \[**SPY/VOO, QQQ, SCHG, SPMO**\] Common (decent) income investments: \[**QQQI, IAUI, BTCI, GPIQ**\] (Check r/dividends for more ideas)
Check each one for its total return first. Then check for nav over time. If the ETF has a strong total return and the NAV trades sideways or slightly grows then you have a winner. For example check out QQQI and GPIQ versus QQQ and SPYI and GPIX vs VOO https://totalrealreturns.com/n/QQQI,GPIQ,VOO,QQQ,SPYI,GPIX?start=2023-01-01 These are all strong performers without nav erosion.
So this is all hypothetical, or are you asking for a friend? If they need a larger house, use $500k - $600k to do so and invest the rest in the S&P 500 index fund, plus a ETF that pays a decent dividend yield, north of 8% - GPIX/GPIQ; SPYI/QQQI Sell the old house and and recoup the investment and/or gains and invest it in the above funds and continue to growth that wealth.
Sony is not located in America so this indicates give us more money you fucking Americans because yall waist more time on video games than any country 🤣🤣🤣 Sell the PS5 and invest it into GPIQ or JEPQ right now
$4,000 per year is making your advisor wealthier. You can research and invest it yourself for free. Stick with the basic S&P 500 Index funds 50-60% for growth, and look for some high dividend ETFs that payout 10-15% distributions. Look at GPIQ or QQQI for 12%-15% payout on a monthly basis. Good luck not using the advisor.
I'm holding these dividends in both tax advantage accounts ROTH and IRA's. I also hold them in a brokerage account at the bank since banks have lousy interest income savings accounts. It appears the GPIX and GPIQ funds have a slightly better tax advantage due to its ROC. JEPQ and JEP! Etfs IMO should be held only in tax advantage accounts. Very much up for discussion. I'm tossing around just buying stock positions with a 3 percent dividend, qtr payout and enjoy the capital appreciation.
GPIQ and MAIN are solid. MAIN is a BDC that pays special dividends and keeps growing its NAV. GPIQ is super tax friendly and returns around 9 in yield but more like 13 plus in total returns. I won't be doing any more rentals. It's too illiquid, and the insurance and taxes costs go nowhere but up.
If you truly believe the market will go down, then you're better off staying on the sidelines. Good luck timing the market. JEPQ, QQQI, and GPIQ to varying degrees (JEPQ was the worst of the bunch) held up very well and were generating 11-14% yields when the market started to drift red and sideways in early 2025. Then when April happened, they went off a cliff like everything else. But, you kept earning income and accumulating shares. What happened is that the market recovered *fast*. Ideally, you want a slow, steady recovery. I like these funds, but they're for a very specific purpose. You want a nice fat dividend hedge against a flat or nearly flat market.
JEPQ underperformed GPIQ and QQQI last six months https://totalrealreturns.com/n/QQQI,JEPQ,GPIQ
Thanks for getting back to me. I was confused since my JEPQ but its up 6.20%... but I checked and see now that I bought in April/May so you're right, it's very underperforming compared to its Goldman clone: GPIQ, or its riskier cousin QDVO. Huge difference. JEPQ only 1% YTD (including dividend reinvestment) [https://totalrealreturns.com/s/GPIQ,JEPQ,QDVO](https://totalrealreturns.com/s/GPIQ,JEPQ,QDVO)
In the same boat, both QQQI and GPIQ have outperformed JPEQ
Just retired, got JEPQ, JEPI, GPIX, GPIQ, SCHD, VIG, VOO, SGOV to collect some monthly passive income. Still have some growth funds but adjusted right before retirement to about 50/50 now
Not an expert, may be put the 401K in GPIX, GPIQ, SCHD, PBDC, SPYI, QQQI and CEFS. May be some part of it in IWY/SCHG to leave room for growth.
Not an expert, may be put the 401K in GPIX, GPIQ, SCHD, PBDC and CEFS. May be some part of it IWY/SCHG to leave room for growth.
Just use JEPI, JEPQ, GPIQ, GPIX, or FDVV. ULTY is not the play. XD
Take a look at GPIX & GPIQ
Easiest option would be GPIX and GPIQ. They are two goldman sachs covered call etfs tracking sp500 and qqq with the lowest mgt fee of 0.29%. Yields of around 8% which would fit your target and one is not giving up too much upside. Your portfolio could be made more complex but this is essentially market beta exposure (slightly less) with the required yield.
Thanks for your feedback. SPYI/QQQI are the other 2 I was considering as well as GPIQ/GPIX, BALI, maybe MAIN, not a fan of O, I might just limit it to 5 or so to keep it simple.
Check out GPIX and GPIQ. They’re the rival of the JEP’s. However, not only do they have roughly the same yields, but they’re structured to prove growth as well. While both have a fee of 0.28%, I heard they’re raising it to 0.35% Still worth it in my book. You could also move money into USFR or SGOV. You could even check out FEPI and AIPI.
You could aim for a mix of growth and “income” investing (DRIP the income). Although very new, these two funds may be ideal… FEPI and/or AIPI. Then you have GPIX and GPIQ. And of course, JEPI and JEPQ.
ETFs make it easy now, GPIX GPIQ SPYI QQQI SVOL and PDI make up the majority of my income, no growth.
GPIQ VS JEPQ (Nasdaq-100 based covered calls ETF's) YTD, GPIQ has made 10.15% vs 8.93% for JEPQ. Short period, I know, but worth keeping an eye on. If $10k with DRIP invested in each on 01/02/24, GPIQ is worth $11,015 today, JEPQ is worth $10,892, each with two dividends. GPIQ, which just started 10/23, has net 0.29% expense vs JEPQ net 0.35%.