GPIX
Goldman Sachs S&P 500 Core Premium Income ETF
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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.
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.
I think this is fine in a retirement account. If this is a taxable account, then I would look at SPYI, GPIX or ROCY instead
Look into GPIX and GPIQ
Woww GPIX is back at May 2025 lows & look at D wave quantum Lmao last I saw it was at $35 ouch
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.
The 55/15/30 split is conservative but you're retired — conservative is fine. Moving CDs to intermediate bonds as they mature makes sense for yield pickup without adding real risk. JEPQ and GPIX are earning their keep in sideways markets. The only thing I'd watch is overlap between SCHD and VIG since they fish in similar dividend-growth waters.
If you want to feel some immediate gains without liquidation there are a healthy number of CEFs, BCDs, dividend ETF and if you’re a bit more risk average covered call funds that can provide modest growth and income. This is of course a complement to your core investments that you’ll be compounding. Not investment advice but I’ve been keeping my eye on some of these: MAIN, ADX, TRIN, GPIX, IDVO, SCHD, FDVV and DGRW. This isn’t a portfolio, just a watchlist you can start researching on to see what you like. At least for me, having a portion of my investment payout in dividends allowed me to feel the immediate benefits without the long wait till retirement age.
Anyone got any high dividend ETFs to recommend? Looking for something similar to xdte or qdte but better managed. I got GPIX and SPYI but want something else. SPY ain't gonna do shit for a while I see
- 14% growth vs 5% growth over last 2 years - higher distribution yield - distribution is paid out as ROC so you don’t pay income tax on it until you sell https://totalrealreturns.com/s/GPIX,JPIE?start=2024-02-04
Recommending what I buy: BTCI QDVO IDVO DIVO VXUS. Love the income building and considering more ROC heavy ETFs like QQQI and GPIX.
Need more stock exposure as interest rates are dropping. Look at some VTI, VIG, VYM and GPIX to establish a dividend stream of income, and allow for some growth on at least half the overall portfolio. You have the money, need to get it working more tax efficiently.
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.
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 👍🏻
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.
These options based ETFs (GPIX, JEPI, JEPQ) are pretty new. Not much history to them to know how they would handle different market conditions.
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.
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.
I do not have a Roth IRA as I'm on permanent disability... I only have a taxable account which I add to monthly... I have VOO, QQQ, SCHD, NVDA, O, and a host of other high dividend funds (JEPQ, FEPI, SCHY, GPIX, etc).. I also have another account called savings where I have a ton of SGOV which is a short-term bond fund (basically where your bank keeps its money that it takes from you)
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
Eliminate the SPYI/QQQQ/GPIX... this is overweighting/negating the point of being in VOO. Otherwise fine.
> SGOV: 25% Why so much in cash? > VOO: 35% Good > VXUS: 15% Good > SPYI/QQQI/GPIX: 25% (even split) LOL. You know already what people are going to say, and that's why you posted, to rattle the cage. I am not going to take the bait. You do you.
Made $517 (187% and 218%) on my 580 and 582 puts (should have sold at open). Closed my unh put and qbts put at a loss Bringing my realized options loss total to -$326 for the year. No more buying options for me i am so bad at it!! Time to lock in at work, find better distractions during down times, and let my calls i sold do their thing, plus covered call ETF (GPIX and SPYI) and VXUS Glad i didn't blow my portfolio up, 1% up YTD https://preview.redd.it/2wzddf7bgj2f1.png?width=1008&format=png&auto=webp&s=1de307112c3c352c36e913e9ca692073cf385171
Unironically i have no buying power left to buy the dip  too busy buying SPYI and GPIX and NVDA calls on the run up 
GPIX is probably more than those listed. It’s not a qualified dividend so you pay a little more in taxes. My dividend stocks have lost more value than any dividends I got out of them. So have most of my savings in a HYSA right now.
Who thinks it's time for me to retire from options I bought GPIX (Goldman Sachs S&P 500 Core Premium Income ETF) with most of the proceeds lol Got real lucky i averaged down my spy call thursday and friday with 5 more lol https://preview.redd.it/5t9jsvrbbe0f1.png?width=1008&format=png&auto=webp&s=313168053d79da65ae210e546875ecfc125265c1
Goldman Sachs S&P 500 Premium Income ETF (GPIX) 
Idk why anyone would invest in Berk today anyways there are much better investing options. I’m really liking the alternative ETF’s like ULTY, SPYI, GPIX etc
You bought GPIX?! THAT'S WHY THE MARKET CRASHED. There cant be any other reason whatsoever.
No I definitely didn't lol.....I started investing in January. The most recent purchase I made was GPIX and that was a $100 additional contribution about a week ago. Even if i were to put $100 into stocks today, that is not near enough to even move a single bit. So I don't think a broke 16 year old is what caused the market to go into the green today.
Yeah it's easy to think that given all the emotional short sighted fear mongering on Reddit. If I had that kind of dough I'd anchor a portion to SGOV for a steady 4% and the rest in covered call funds like SPYI, TSPY, JEPI, GPIX that have a bit of upside potential and others possibly such as HIPS that pay 10% and is a combination of BDCs, REITs, CLOs, and other investment vehicles for diversification. The SGOV will lower volatility and everything will pay a steady income to hedge the downside. I'd consider SCHD as well, and my personal rule is to buy a few puts on the indexes about 10% OTM every month to "insure" my portfolio. It was up 400% percent today cutting my paper losses in half, and still has another week to go. So I'm ready for anything Monday. I'll roll it further out if it goes ITM and keep making money on the way down. I'm an income investor and this is how I personally do it. Working great so far.
There are income etfs that pay a monthly dividend. GPIX for example or JEPI. Def do a quick google search on this as there are others out there!
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.
JEPQ, XDTE, and possibly GPIX are the best combo I've found. JEPI seemed pretty lame actually, seemed like it was almost always mildly in the red, and the dividends weren't great. GPIX seemed a bit better in that it wasn't "always" red. QDTE has awful NAV erosion. BITO has an amazingly high dividend, but huge swings. I would almost just gamble with short puts, and if you get exercised, just keep it for the next dividend.
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.
Yes, but are you making the maximum you can? I buy sector ETFs and dividend ETFs instead, and focus on individual stocks. Take ETFs like PPA, KRE, PSP, MLPX over the past year compared to only holding VOO in a coma. Massive growth *and* divs. Then CC ETFs like JEPQ, GPIX, BITO, GLDI (technically an ETN) for more divs, lots of choices that are all doing well compared to slow ass passive ETFs and boomer stocks. If a market segment slows down you can rebalance and the divs keep you alive, with VOO you are slowed down by the slow segments and you don't get *monthly* income. For stocks I put most into TSMC, Nvidia, Amazon, Raytheon, Broadcom, and a few others that are more risky like Cloudflare and Palantir, plus gas, electricity, and shipping. You can't get that kind of balance and performance from VOO.
Thanks for sharing. To sum up, focusing on any individual sectors is a bad idea (makes a portfolio too "messy?"), and so I should drop the gold, infrastructure, energy, financial, and REIT funds as well as the midcap fund and dividend funds (GPIX & EVT). Then I should do these replacements because they are superior (less risky? likely to perform better?): ** bonds AGG instead of VWAHX ** large cap FNDX instead of VWELX ** small cap IJR instead of AVUV ** global/international IEFA instead of VT ** broad market AOA instead of VTSAX
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.
I bought TSLY too early and AMZY too late, so I just stuck it all in GPIX and let it simmer.