GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETF
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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%.