JEPI

AdLate4156

Sounds like you’ve thought this through really well. Having a paid-off house near work and simplifying your finances as you ease into the next chapter feels like a solid move. That said, the $240K in cap gains tax jumped out at me. I was in a similar spot last year and ended up using a tool called [**ProfiTree**](https://www.profitree-tax.com) to help figure out which tax lots to sell first. It helped me cut down my tax bill quite a bit by simulating the tax impact before I actually sold anything. Might be worth a look if you haven’t locked things in yet. Also agree on putting that $400K to work in something like JEPI or QYLD. Slow compounding + flexibility = peace of mind. All in all, seems like you're setting yourself up well. Hope the new role turns out to be both fun and fulfilling.

EI-SANDPIPER

O & JEPI - monthly dividends that I use to buy other stocks Disney - was undervalued and has multiple paths of growth, should increase their dividends Target - undervalued, solid dividend Reddit - one of a kind internet play AMD - PC business has steady growth with possible AI upside

OhBenjaminFranklin

How would you do that? Do you mean short JEPI to hedge?

IClosetheDealz

Hedge it with JEPI should average you 7+ year round, could be more.

newbienewb101

JEPI, SCHD, AAPL, FEPI, JEPQ I need the income to supplement my unstable business income. NVDA not too far behind and I betting on some NVDY to give me some more dividend income.

D_Pablo67

I do both. My largest holdings are JEPI and JEPQ, which are covered call ETFs You could easily swap those out for VOO and QQQ. My core four dividend holding are Enterprise Products (EPD), Energy Transfer (ET), Federal Realty Trust (FRT) and Realty Income (O), all but ET are Dividend Aristocrats (raised dividends every year for 25 years or more). My semiconductors are NVIDIA, Broadcom and Marvel. My big tech is Meta and Amazon. I like buying and holding great companies. ETFs like VOO and QQQ can be better tools for market timing.

Aggravating_Plantain

Just had the time to look into this more today, and it seems the smart money thinks JEPI is dumb, and that higher risk adjusted returns are to be had with passive equity + risk free. https://www.aqr.com/Insights/Perspectives/Rebuffed-A-Closer-Look-at-Options-Based-Strategies

yunghogungho

Try JEPQ or JEPI

Aggravating_Plantain

>Y's price recovers (again your unrealistically high dividend) to $5 and then another $1. Right--your hypothetical assumes y's performance recovers and is silent as to X's, there's implying that y's performance is better than X's. Of course if y recovers and x doesn't you're worse off. This would be another one of those "other reasons" to like dividend sticks I mentioned (if true--not sure it actually is). I feel like you also need to reread what I wrote multiple times. If you instead assume two identically performing companies (in percent terms) where one retains earnings and the other pays them out as dividends, then it really doesn't matter. a person can manufacturer their own dividends to match. Economically, the two are identical. As an aside, taxwise, the non paying company is better since the person can decide exactly how much "income" they want instead of being forced to "realize earnings" via the dividends paid to them. >What happens in the case of X with stock sales. Well I sold 20% of my position year one to get that $1. Then I had to sell 21% of my position year 2 to get the next $1 even with the increase in price because I have fewer shares. Who cares? Again, assuming identical performance it doesn't matter. You should be indifferent to having 1 share of X at $50 or 5 shares of Y at $10. All that matters is the total value of the position. I'd rather have half a share of BRKA than 1k shares of JEPI. I can sell fractional pieces of my BRKA to match the JEPI income (or not--see above re taxes). If I die with 0.15 shares of BRKA worth more than my original half a share, I'd call that a win.

JeffB1517

> That holds whether we're talking individual stocks or JEPI. Maybe you think JEPI is well managed or something else that affects its return stream - that'd be the "other reasons to like dividend stocks," but it's not like the assets held by JEPI are special and defy well known principles of corporate finance. JEPI is a covered call fund. Corporations aren't the sole source of value, other investors reducing volatility are. This was written about IUL not JEPI but: https://www.reddit.com/r/IncomeInvesting/comments/1drg63n/both_sides_of_an_option_are_profitable_more_on/ > In a drawdown, selling some of your position, or having some of it sold for you (in the form of a dividend that you don't reinvest), is mathematically the same. That's all I was saying. I undertand what you are saying and I'm saying it is false. It is not the same thing. Dividends are less volatile. Given a constant inflation adjusted draw the steady stream of sales from a dividend heavy portfolio will hold on longer. Dividends don't just act like a sale because the corporations internally structure themselves differently when it comes to dividends vs. shareprices.

ThisIsDystopia

Extrinsic value is decided by time and IV. JEPI IV is extremely low.

Aggravating_Plantain

I mean, you're saying a different thing though. In a drawdown, selling some of your position, or having some of it sold for you (in the form of a dividend that you don't reinvest), is mathematically the same. That's all I was saying. That holds whether we're talking individual stocks or JEPI. Maybe you think JEPI is well managed or something else that affects its return stream - that'd be the "other reasons to like dividend stocks," but it's not like the assets held by JEPI are special and defy well known principles of corporate finance.

JeffB1517

> If you work through the math, receiving a dividend and selling stock is exactly the same in dollar terms, regardless of volatility. No they aren't. And it isn't a question of simple math. Companies prioritize dividend stability more than they prioritize stock price stability. The company will disadvantage itself to maintain the dividend in many ways it won't for the stock price. So for example in 2008 under severe stress stock prices dropped by over 50% but dividends at their worst dropped by only 21%. Additionally, those two events happened over a year apart, so there was some time diversification. Reducing volatility increases geometric return towards the arithmetic return, that is math. Also the argument isn't really dividend stock vs. non-dividend stock in its purist form. OP is talking about funds like JEPI not just options like VYM. In other words investments where arithmetic return is genuinely lower in exchange for more stability. Of cours higher stability alternatively means that can be leveraged or equivelently maintain higher sustained draws. BTW Miller and Modigliani's paper is an excellent result. In broad strokes it has to be true. One thing I would caution though is there is an implementation time and restructuring involved that for purposes of the paper are assumed to be frictionless. We know from real life lending it isn't, it takes years and quite frequently changes in executives as business people hate and love various types of relationships.

JeffB1517

I run a sub on this r/IncomeInvesting which has some post that might be helpful. In terms of advice. Don't start with a discussion of what to do. Start with a discussion of why to do. All this stuff about JEPI vs. dividend stocks ... is about tuning a portfolio to accomplish objectives. You at aren't thinking in terms of objectives. Are you married, how is your health? That is how much longevity risk are you facing. You have it sounds like $1.3m. What is the draw structure you need through the next decades. Are there other income streams? Is the house paid for? Etc... Figure out how much you need to draw and when over the coming decades. Then we start discussing strategy in terms of tradeoffs. *Given objective W with Y risks I want to do Z to because I prefer W to V*. In answering your question I just discovered the RISA is now free (https://retirementresearcher.com/landing/risa/). Very strong recommendation to take that. That will help you start thinking in terms of why you would want to build. From there you get into which tools to use.

McKnuckle_Brewery

30% of your portfolio is in straight up cash (money market), so yes - that's got to be invested at least in something with higher yield and less susceptibility to rate cuts. But with that aside: Withdrawing is more nuanced than accumulating for sure. There are so many ways to structure it. And you ask fundamental questions about your allocation that again, are so open ended that you'll just get a pile of random opinions. It's important to research the asset classes you mention, understand them, and decide what you are comfortable with. The transition from pure growth to a more diverse portfolio consisting not only of stock index funds, but also dividend growth and dividend income securities (these are categories), plus bonds, is a journey - not a simple step. This being said, I'm retired 4.5 years and here's what I do. My portfolio is about 71% equities and 29% bonds, mostly corporate and high yield. There's 4% cash embedded in the 30%. My equities are comprised of 40% growth - index funds and tech - plus 19% dividend growth (classics like JPM, XOM, PG, JNJ, SCHD, numerous others) and 12% higher yielding dividend income (JEPI, ARCC, PFFA, etc.). I have 75 individual securities which is a lot, but I am an active investor who enjoys this as a "pragmatic hobby." I've set up my portfolio so that the total dividend and interest yield approaches a full 4% withdrawal. At this writing it's at 3.75%. In other words, I can pay for my expenses without selling shares. My highest yielding assets are kept in IRAs so that I can decide when and how much to withdraw. My taxable accounts hold a blend of growth and dividend growth. I take all dividends there as cash and have them deposited into a money market fund from which I pay bills. There's so much more to talk about, and I don't want to be overly verbose so I'll leave it here. If you want to explore some good intelligent content on income investing, check out Armchair Income and DividendBull on YouTube. These are mature, articulate investors (not Gen Z influencers).

fullsends

Check out MSTY. Its a fund that trades options on MSTR. The dividend yield is like 80% annually. JEPI has a decent yield as well but has much less upside or risk. Pure equity play, I would probably mix NVDA, TSLA, and a choice few other tech giants.

Aconyminomicon

I am in the exact same boat. I am mostly in SGOV right now and my plan is to buy into the dips of some solid ETF's like JEPI/VOO, the S&P, and some REIT's.

ThinkingOfTheOldDays

interesting that JEPQ / JEPI are trailing their benchmarks by so much. Lower than they were at the year open.

Designer-Book-8052

I have just checked, with Freedom24 (a EU broker based on Cyprus) JEPI (US46641Q3323) is available. I am in DE, though, not NL. Want me to check the availability of a few others?

Good_Design7876

Quite a lot covered on Dividend Investor channels on YouTube. For instance, the perhaps most well-known, JEPI - I can't buy that here in NL because of the stupid KID requirement. The EU mandates that useless document must be available in Dutch because I apparently do not understand English. It's infuriating to say the least. I hate that EU regulation crap with a passion. They don't want potential EU investment funds to flow into the US, that's the real reason they're doing this.

ptown2018

Diversification is part of risk management and risk takes various forms. Market risk, risk of default and risk from inflation are your main ones. Lower credit rated bonds have higher risk of default, long term bonds lose value if interest rates increase and dividend and other equity based income has market risks in addition. Short term bonds and money markets are the safest and should be held to cover your short term cash needs, equity based income has market risk but if you can hold for two to five years then you can ride out market swings. I am retired and keep about two years of withdrawals in my safe income bucket, I have most of my income bucket in riskier things like SCHD, JEPI, O, ARCC and smaller amounts in SPYI, QQQI and JEPQ. Tiny amounts in BTCI and MSTY to watch and learn these newer types of investments. I feel the diversity mitigates the risk and my small pension and SS also function as low risk fixed income. Spend some time learning about any investment, don’t just rely on internet self described experts.

NationalOwl9561

Why no JEPI

Gangstertango

VOO, JEPQ, JEPI, QQQ, tbh, I'd take out an option on VOO a few months out for it to hit like 10 bucks higher and let it ride

Aconyminomicon

I don't think there is anything faulty about waiting for a retrace to enter. Its actually smart not to buy when the market is at an ATH. For example, I am building a portfolio consisting of VNQ/JEPI/SCHD/VOO, basic overall risk-off portfolio for passive income. If I was to enter trades when I built this portfolio, that would be faulty logic. I wait for the retrace always. Now I have the choice of where to enter instead of arbitrarily buying whenever the thought comes to me. I am now entering those positions at 2-4% under the value the assets were at when I decided to invest into that portfolio. I think we are talking about different time frames. I have been waiting for over a week so far with plans to DCA into these positions when the RSI is right. I don't know what is faulty about that but if you know how I can improve I am open to it.

Mulvita43

99.5 percent. Unless sgov is cash, then it is 4 percent A mix of schx, avuv, vxus, IBIT, Schg, JEPI and Jepq for a little play cash each month

TheObsidianHawk

On that Friday I bought what I could. Nothing like getting Nvdia Sub 100, I expanded JEPI and SCHD holdings as well.

alwayslookingout

When JEPI pays out its dividend the price also drops corresponding to the same amount. In effect, it’s neutral. But in reality you’re forced to pay taxes on that whether or not you wanted to.

Newbiewhitekicks

Remove JEPI, SCHD, and VIG. SPY and VOO are the same thing. Keep VOO. Add a small cap and an international and you’ll have a fairly diversified portfolio without the performance and tax drag.

SnS2500

Don't set fire to your money for no reason. Get rid of JEPI.

therealjerseytom

I'd drop JEPI, SCHD, and VIG. Especially if this is a taxable account, but in general really. VOO and SPY are the same thing, just pick one or the other. If you want to be all-in on the US, you could just be all VOO.

CandidateTemporary55

Feel this - this was I was thinking for my 1st 500 though VOO: $150 LMT: $100 OXY: $100 GLD: $75 JEPI: $75

ruserious2day

AGNC is an awesome ETF but I would never put all of my eggs in one basket. There are other high yield ETFs out there with great track records and similar yields to AGNC like CIK, SPYi, QQQi, JEPI to name a few. Diversity is your friend.

Chimaera1075

Maybe a high dividend ETF like JEPI?

sirzoop

Don’t invest in AGNC. It’s my biggest regret that I’ve ever invested in. Invest in JEPQ, SCHD, JEPI, GPIQ instead if you want yield and appreciation

ElonSuks

JEPI

MonkLast8589

That kind of trading takes a looong time to master. I just trade based on financial reports, company announcements, mission, and goals. If I was OP I would’ve parked that 1m in JEPI and retired

elangliru

DRIP a JEPI position and forget about it for 20-years,.

Sharky-Li

So you're borrowing at 4.3% but what is the return from your ETFs? I know ones like JEPI/JEPQ are like 8-10ish and pretty safe.

ammoclub

If you’re in it super long term then max out IRA into dividend ETFs like JEPI and SCHD

probabilitydoughnut

I tried that for the better part of a year. I switched to income and dividend ETFs (SCHD, JEPI, JEPQ) about six weeks ago and have already made more in dividends AND made more in price appreciation than the mutual funds, and it isn't even close. I made a little under 3% return on mutual funds and am on pace for about 12% from the ETFs.

Adonlude

Easy, don't do most of what you see on this sub. Put the vast majority of your funds in good stocks or something even safer that pays you like JEPI but is still leveraged to stocks. Or get really safe and do something like GBIL that pays 4% plus with virtually zero risk. Then, do what the crazy people here are doing with that small percentage of funds you are willing to lose.

Anxious_Cheetah5589

On average, covered calls (or selling puts) won't beat buy and hold long term, but it will smooth out the bumps. CCs will win in flat and down markets, but will lose in up markets. Compare JEPI or ISPY to SPX or similar, and look at the risk adjusted returns over time (Sharpe Ratio).

Zuluinstant

Split 50/50 on JEPI JEPQ, 4,000-5,000$ a month of supplemental income and you get a little growth on top. For me that's the lowest risk play you can make.

That_anonymous_guy18

Buy JEPI and forget, you would be making 100K plus every year, without working at all :D

dcgradc

Wow! My properties were from around 1888 but remodeled. You mist mean 80s ? Construction has become worse around here. Cheap materials and workmanship. I would put 75-80 in index funds and JEPI/JEQI . Dividends are important. Spending 4% is not a good way to retire. You need 2-3M in my case (travel, etc). The rest in Yieldmax. You can use the Yieldmax funds to invest in traditional investments . You could potentially be investing 10K per month ! With 200K

Degen55555

Terrible advice. u/Asap316 , you'll be fine with what you already mentioned voo/qqq/qqqm. Whatever you do stay away from JEPI and JEPQ |Ticker|Sharpe3Y|Sharpe5Y|Sharpe10Y| |:-|:-|:-|:-| |VOO|0.61|0.82|0.73| |QQQ|0.76|0.78|0.86| |VGT|0.71|0.79|0.91| |XLK|0.68|0.82|0.93| |JEPI|0.34|0.75|0.00| |JEPQ|0.67|0.00|0.00| |FTEC|0.72|0.80|0.90| |SPMO|1.00|1.01|0.00|

Asap316

Was definitely looking for more like S&P 500/nasdaq but didn’t even know about the JEPI and JEPQ so will definitely look into mixing those in cause the dividends would be nice to have and reinvest.

RyannayR11

While I agree with the commenter about JEPQ and JEPI being good for dividends, I think they serve a different purpose than what you are looking for. As you pointed out, both of the JEPs have lower growth, so it doesn't make sense to buy and hold them unless you are looking to live off of dividends or need extra cash each month. Also, if you have income from work and don't need the extra cash from dividends, then it unnecessarily raises your taxes. Sp500 and nasdaq are the way to go for long-term investing -- safer and higher growth. Remember, almost no one beats the sp500 returns over the long haul.

Merchant1010

For the younger age people, I would like to suggest rather than going for $VOO and $VIG, until you are 30s or have kids, you should go for ETFs like JEPQ and JEPI. Good luck, glad that you are starting on the path of investing early.

Ok-Rest-83

Cash: (\~3.5%) YTD P/L: (-2.75%) # 🧱 Dividend / Core (61.4%) * SCHD – 49.8% * JEPI – 21.1% * STAG – 6.9% # ⚡️ Swing / Speculative (38.6%) * CLF - 6.7% * CLSK – 5.1% * TSLL – 5.6% * GWH – 5.0% Feedback? Ideas? Allocation Feedback, small portfolio but open to anything

JohnWCreasy1

ETFs that seem fairly common on reddit (SPYI, QQQI) are blocked. its allowed now, but i recall a time when JEPI/JEPQ were blocked. i recently wanted to add some CLO ETFs and almost all of those were blocked. JAAA is the only one i could buy in merrill.

DifferentSwing3149

Retired and my Dividend ETF's are VIG, SCHD, JEPI AND JEPQ. Plus I have VZ stock.

kirrim

> Is you invest in dividend ETFs or a single stock, is that all you get is the dividend? Any capital gains after? Yes, you get capital gains (or losses!) too. This is why it can be dangerous to go “yield chasing” and buy an ETF with magnificent yield, but then the NAV of the stock itself erodes away to eventually nothing. Other ETFs out there strike a good harmony between a stable, dependable dividend, as well as growing the NAV with it. SCHD is a popular example. > What is a good distribution yield Depends on your goals. My personal rule of thumb is 3-4% is indicative of a stable, dependable income stream (SCHD, DIVO, etc). 1-2% is ok if the ETF is growing substantially in NAV (VTI, DGRO, SCHG, etc). Once you get above 4%, look carefully at whether the NAV is growing or eroding over time. Some ETFs (JEPI, JEPQ) have yielded higher than 4% and not eroded away their NAV. But then also consider whether the total return is greater or less than more stable ETFs like SCHD or DIVO. Another thibg to consider is whether the dividends from a particular ETF are qualified or not. Qualified dividends is a fancy way of saying the dividends are taxed at capital gains rate, not income tax rate.

RookieMistake101

I’ve read through the prospectus of JEPI and I didn’t see synthetic calls. Can you tell me more about this and who used them?

JJLVJJ

In Roth. Yes sell and put into JEPI AND JEPI will get about $600/mon dividend keep rolling it reinvest

chris-rox

Just take the divs and put them into JEPI or something.

Various_Couple_764

All of the post I see right now are for index funds. Index funds are tax efficient by them selves since the dividned is very small to nonexistent and you don't pay capital gains until you selll. Alstal o if you get injured or sick you will have a lot of medical epxenese with no liquid cash in the HSA. So using an index fund in HSA doesn't make sense to me. Funds like JEPI,JEPQ, SPYI, QQQI, and BTCI make a make a a lot more sense. Most or their total retune is in dividneds not captial gains. So you could put the money in high dividned fund and not reinvest the dividneds leaving a cash bucket in the HSA for immediate expenses. And then when that is depleted the cash bucket will gradually fill up. Then periodically when the cash ammount gets over ly large you can use the cash to grow the dividend income. Eventually you could get to a point we're your wouldn't need to addd any more money to the account because is will grow by itself faster than you could use it. At that point you could take the excess money and put it in an index fund for long term storage.

Comfortable-Entry341

Great point tbf. I think your view is accurate in some way, but from my perspective is not that USA stocks are getting expensive, but the dollar becoming “cheaper”. That’s why in my opinion stock market overall will keep rising, and those companies will keep getting more expensive, despite having occasional drops ofc. Nonetheless, I agree with your view on investing in beta or less volatile stocks if you’re doing it with leverage. I have personally leveraged to invest mostly in JEPI, a little part in the SPY and also a minor chunk in IBIT to do covered calls

Zestyclose4221

If using a Roth, look into high income ETFs like JEPQ/JEPI/QQQI. QQQI may be better to preserve the capital and experience growth while having high dividends.

codeartha

I would just never switch to bonds. At least not before retirement. After retirement why not. But I would rather go into some high dividend ETFs. Depending on your risk you could look into covered call ETFs like JEPI or QYLD for a nice 10 ish% per year dividend paid monthly. But these ETFs dont do particularly well so I wouldnt put more into these than needed for the monthly payout to cover my living expenses. There are ETFs that pay a nice 5-7% dividend that have a NAV that doesn't move around as much as covered call ETFs and do better overall so I would go with some of those. Diversifying between sectors or countries.

rackoblack

I'd rather farm the work out to an ETF. SPYI, JEPI something like that. I added those as I pulled the FIRE trigger. I own some AMZN that's way up, too. Rather than sell options against what I own, I added AMZY to the mix as well.

BrilliantArm5914

some JEPI and chill

ESD150

Id probably use this money to build longer term income with something like JEPI or JEPQ. If you aren’t in immediate need of the income, reinvest the dividends or put the dividends towards VTI/VOO/QQQ

goblinguide1900

I used to have problems with this a lot also. One thing that helped for me was investing in high yield dividend funds and/or high dividend yield stocks. If they move 5% I can at least take comfort that the dividend would compensate for the loss and it makes it easier to hold. JEPI and JEPQ are good ones for this

ZaneStutt

I always recommend to lock in freedom first....then take smart risks. A good move is to split between stability and upside: park 10–15% in money markets like VUSXX (5.25%) for liquidity, 15% in high-yield REITs like STWD (10%+), 20–25% in index ETFs like VOO or VTI, 15% in covered-call ETFs like JEPI (8.5% yield), 15–20% in high-growth AI stocks like NVDA or SMCI, and keep <5–10% for optional plays like the Wheel strategy or 0DTE options only if you know what you’re doing...

AVdev

JEPI and TQQQ? Technically?

Adonlude

I keep a few percent in JEPI which is a little broader. Either is a nice investment.

smartfon

Appreciate the details about the default rates and risk. I was missing that. >What I have been doing is a money market for for Cash A mix of high yield stock dividend funds and loan obligations with a goal of about 10 separate funds. Like a mixture of VMFXX, SPYI/JEPI, and JAAA/CLOZ? Here is my updated scenario based on your info: name | old | new | change ----|---|---|------ SGOV | 50K | 40K | FLOT  | 30K | 0K | dropped, underestimated JAAA's stability JAAA  | 20K | 40K | CLOI  | 20K | 0K | dropped, redundant JBBB  | 10K | 0K | dropped, redundant CLOZ  | 10K | 20K | SPYI | 0K | 40K | replaces some CLOs, tax efficient vs. JEPI/Q total | 140K | 140K | still 100K in fixed, now 40K in high-div. volatile stocks yield | 5.3% | 7.5% |

Various_Couple_764

I would go to a brokerage and just put 200k in an ETF. I am in the US so I don't know what ETFs are available there. But I can put 200K in QQQI and get a 13% yield (about 2K a month) and all for a fund feed or 0.68%. No other fees. Other similar funds in the US are JEPI, JEPQ, SPYI. Maybe one of these is available.

picklikewarren

A few interesting ones right now: * **ARK Innovation ETF (ARKK)** – High risk, but focused on disruptive innovation. * **JPMorgan Equity Premium Income ETF (JEPI)** – More defensive, with consistent income through dividends and options. * **Fidelity Blue Chip Growth ETF (FBCG)** – Exposure to large-cap U.S. growth stocks. * **T. Rowe Price U.S. Equity Research ETF (TSPA)** – A more classic active strategy with reasonable costs. Just keep in mind: Active ETFs **don’t guarantee outperformance** and fees are typically higher than passive ones. or paying off debt.

ThatBoyScout

Selling 839 shares of PSEC and putting in JEPI. 51% loss.

The-Magic-Sword

One thought is that you might go for dividend equities, that should be help the slow-but-steady you're going for, since even when it isn't actually going up, you're reinvesting the dividends either in the same equity or a different one, and growing the number of shares you're holding for when it does. Among other things, I've got JEPI, GCOW.

greenpride32

Yes JEPI distributions are treated as ordinary income and taxed according to your income bracket - rather than being qualified. IMO - it's a rather silly argument. It's like saying 22-37% tax on $7 pay (out of $100) is worse than 15% tax on $3 pay (out of that same $100).

deadcowww

Isn’t there a different tax processing for JEPI?

D_Pablo67

I put my dividend stocks and ETFs into categories. Top 4 are higher yielding and steady payers (MLPs & REITs): Energy Transfer (ET) is MLP midstream pipeline with excellent growth prospects and high quarterly dividend. Enterprise Products (EPD) is rock solid MLP and a dividend aristocrat (raised dividend every year for 25 or more years). Realty Income (O) is a REIT known as “the money dividend company.” Yields better than bonds and grows. Also a dividend aristocrat. Federal Realty Trust (FRT) is a REIT and dividend aristocrat paying higher than US Treasuries. Common Stock with lesser following, good yield and solid prospects: Sonoco Products (SON) manufactures packaging like Pringles cans, aluminum pie holders, cores for toilet paper. Yield is 4.7%, good earnings report and I think it is undervalued. Covered Call ETFs by JPMorgan paying high monthly dividends: JEPQ is built around the NASDAQ JEPI is built around solid S&P 500 companies like Visa, MasterCard, Progressive and Trane. It has less yield and less volatility than JEPQ. Papa John’s

greenpride32

I've been considering JEPQ but so far only dipped my toes into JEPI. If you look at QYLD (pure covered calls NASDAQ100) it has not preserved capital over time. There is also the newer QQQI at even higher yield. I was concerned higher volatility on NASDAQ 100 could also prove to be challenging to JEPQ - but they've done okay -much better than QYLD. I think with more time my confidence will grow in JEPQ and I'll eventually accumulate some amount.

technical-mind4300

Do you think JEPQ also covers well like JEPI? Seems like higher risk/rewardx

greenpride32

SCHD is a farily low fee. UTG / JEPI are higher for sure. SCHD fee would have served you much better than holding individual stocks such as T PFE INTC where capital deprecation gives you a net loss. Depending on when you bought VZ it's most likely flat or down for most people, where as SCHD is up in addtion to the yield. There is no guarantee that SCHD will continue on that path, but again main point is the diversification. You hold 3-7 diviend stocks - 1 or 2 go south, your dividends don't even cover the captail losses. In the case of INTC the dividend is suspended. I'm sure SCHD has had some "losers" but in a pile of 100 it won't stand out and they can just cycle it out for something else.

greenpride32

I used to have a several dividend paying stocks. But I decided to dump the ones which were mostly flat performing and keep the ones that had captial appreication. Instead of picking individual stocks I went with an ETF called SCHD. It holds roughly 100 stocks and yields about 4%. Over time the captial has appeciated as well. Keep in mind the fund is managed and not tracking any index, so in sense you are relying on the managers to do a good job. My thought process was many high yield diviend stocks are very high debt and operating and distributing solely on cash flows. Any hit the cash flows could be detrimental to the bussiness and the stock. So why risk captial used for dividend income on few to several companies, when I can get a more diversified basket? Other dividend income I have is from ETF's UTG and JEPI. They both yield roughly around 7%. UTG is a focused on utility stocks such as energy and telecommuncations. It pays a higher rate because they use some leverage with those same companies. But this is about as safe as leveraging gets. JEPI primarily sells covered calls like many other covered called based ETF's. But unlike most others, it has other activities to help mitigate risks and protect capital. If you compare it to pure covered call ETF's, it seems to preserve capital much better - but at lower yield. If you want to review pure covered call ETF's check out SPYI and QYLD.

ComprehensiveSwan698

Wealth and income are different. If you want income, consider JEPQ, JEPI, SPYI, QQQI, or SCHD. Putting into S&P500 will generate you great wealth

technical-mind4300

I am not taking profits but new investment is going into some share plays. Beyond that I think a good question is - is there a lot of money on the sidelines especially if interest rates fall and safer MM accounts have no where to go. This was true not long ago. I do think if interest rates fall I expect that to provide support dividend heavy stocks. I think for growth stocks it will depend on earnings in the light of tarrif shock even if now muted. I am not usually a believer in DCA but at the moment I think it might make sense. So bottom line - If you can afford to do it I would not sell unless the company fundamentals are now not good (like always), bolster up safer or defensive plays including CDs, MM and Dividend ETFs like JEPI or JEPQ or SCHD to reduce exposure while continuing to DCA into growth stocks.

vt2k

You beat me to it! Though I'd also throw in JEPI as an option. TTM dividend payment on JEPQ is 5.93, which is yielding about 11.50% and paid monthly. Since it makes money off of call options and added volatility will help (all these changing tariffs are increasing volatility), the ETF is going to generate a lot of cash to distribute to shareholders. Last month's announced dividend of $0.60 was 39.5% higher than the dividend in the same period a year ago! Once the tariffs and volatility begin to calm down, moving money into SCHD for long-term growth and relative stability could be a good option.

Unique_Chemical5719

You’re thinking in the right direction, but just keep in mind getting $2,500/month from $400K means you’re aiming for a 7.5% annual yield, which is doable but comes with risk. You’ll likely need a mix of high-yield ETFs like JEPI, QYLD, RYLD, and SCHD to get close, maybe with some REITs or covered call funds in the mix too. Selling the condo could make sense if the ROI is poor and the housing market there feels stagnant, but don’t forget that dividends can fluctuate, and capital preservation is key when you’re relying on that income. You could also phase the move sell half now, test the strategy, and see how steady the income really is. Aim for balance: income today, but not at the cost of eroding your principal too fast. Good luck.

therealjerseytom

I think realistically to have a steady and safe $2500 per month, aka $30000 annually, you'd need $800k-$1M. But with what you have, something like JEPI and JEPQ could work I guess.

Various_Couple_764

JEPI produces regular dividends and is not a good choice for a taxable account. QQQI is similar bu better. It incorporates tax loss harvesting to lower the tax on your dividend and it produces a modestly higher dividned of 13%.

ConsiderationFar1176

Listen if I was you……. Pay that dumb ass house down… if you miss your money so badly open a Heloc….. use that money to make big boy money and not 4% on t-bills Open Heloc once your house is paid and you’ll be allowed to borrow 80% of your homes equity at a high interest rate “due to current interest rates” but who cares… you make enough to pay back the money easily… 105k / 26 4038.46 before tax Go find a good dividend paying etf or stock that you would stand by… don’t worry nobody will agree with your choice everyone has their own risk opinions but you should borrow low and ladder up Personally SPYH, SPYI, OMAH, JEPI, ISPY would be a good start, you’ll be much happier if your money works with the market rather than t-bills, just because the market goes down every now and then doesn’t mean you stop the plan, keep at it… that’s how your 401k works and yet you keep investing in it and it keeps growing

Ok_Assignment4100

I’m thinking about JEPI. Monthly dividend payout but little growth for capital appreciation. Which I’m fine with.

Spiritual-machine1

If you wanna take a big risk, MSTY CONY PLTY PLTW CVNY FIAT and have high yields but can be volatile. Those are all from yieldmax. Could also try JEPI and O. These are all monthly payouts, PLTW is weekly.

Ok_Assignment4100

Yeah, I was actually looking at JEPI. Monthly dividends, really no upside in terms of capital appreciation due to covered calls. But that’s okay with me. Again, I have other long term investments in my 401k and Roth IRA (And enough cash for emergency).

Unique_Chemical5719

Solid plan wanting to build a small income stream, but just to set expectations pulling in $500 to $1K a month from $20K means you're aiming for a 30% to 60% annual yield, which is pretty unrealistic without taking on serious risk. That said, if you're cool with more modest monthly income (like $50–100), then ETFs like SCHD, JEPI, HDV, or QYLD are worth a look. They offer decent yields (4–7%) with a bit more stability. If the goal is to offset small bills, keep it simple and sustainable and let compounding do the heavy lifting over time.

generationxtreame

You’re better off paying off the loan and cut that expense out. Invest more into the market with every paycheck as a way to catch up. Alternatively, you can look at higher paying dividends to offset your interest on a loan. $80k into JEPQ and 20k into JEPI should give a nice monthly payout which will leave you with a surplus after loan and taxes.

filmstocky

Sorry for your loss. First off, I would talk to your accountant to avoid any unnecessary tax liabilities . As far as investing, I would max out your retirement account contributions for at least the next 10 years. I would put the money into index funds: VOO, QQQ,JEPI and JEPQ, plus choose a good international index fund. Reinvest all of the dividends to avoid taxes. I don’t think you should invest it all at once, use dollar cost averaging over the next couple of years. It probably makes sense to put all of your inheritance into a money market account with your brokerage and make investments over time from there.

Process_Pretend

100- your age = % you should put in etf like spy and qqq. You can maybe put 5% of that amount in an etf of crypto if that’s something you believe in. The rest of the money should go in strong stocks. SCHD, JEPQ, JEPI. Don’t forget to spoil yourself a bit. Money is made to be used. But best advice go see a financial specialist. A real one. Not the one pretending to be on Reddit

theduderino38

I’m adding to some core positions in both ETFs and individual tickers. Adding JEPI JEPQ SPYI VZ CCI SCHG SCGD VTI VOO QQQ Pretty much all the stuff I should’ve bought instead of weed stocks over the past 5-6 years lol

JohnWCreasy1

but i can get 4.99% promotional on my heloc for 6 months! i can earn that just buying JEPI! the nav will never go down

NeonDriftwood38031

So I (M20) am fairly new to investing as a whole. I started with a Roth IRA, putting $100 a week into VOO and JEPI. After seeing some growth, I got curious about day trading and wanted to understand how the market actually moves. Now, I get that market uncertainty doesn’t last forever. At least that’s what everyone says during every other downturn. But this one? It feels different. The POTUS tweets, and suddenly we’re up 20%. Then JPowell steps up sounding like a stressed-out dad, because 🥭 Mussolini couldn’t care less about the Fed being independent. I guess what I’m really looking for is something constant, even in the chaos. Some sort of anchor. But when I read about markets and day trading, it just feels wrong that keeping tweet alerts on for 🥭 is part of the “strategy.”

technical-mind4300

One alternative is dividend and covered call like JEPI and JEPQ. They pay a nice dividend and while can lose value tend to recovered. Volatility I believe helps the dividend.

smartfon

Great conversation, folks. What dividend ETFs would you recommend to someone with a taxable account who wants high income from dividends and doesn't mind if the value of the principal investment doesn't appreciate? That's what I assumed high-yield dividend ETFs were meant for. For example, [JEPI](https://stockanalysis.com/stocks/compare/jepi/)'s total return since 2020 has been 70% while its stock price only rose by 11%. I wouldn't even care if the stock price was +0% if I knew it would regularly return ~8.9% in dividends. So a couple of questions: 1) Are there ETFs that have been providing avg. 8+ yields consistently for many years? Any recommendations? 2) Some experts believe we are entering a "bad decade" in which stocks won't grow above 5% annually. If this is the case, could JEPI maintain its 8% annual dividend yield? The user you were debating with, and I, are under the impression that JEPI's stock price must depreciate by at least 3% if they want to maintain that 8%, while you believe there is a possibility that JEPI could continue to pay 8% in dividends while maintaining its stock value? For your scenario to materialize, would JPMorgan managers need to consistently outperform the broad market during that "bad decade"? Has this ever been done successfully? I've been told that actively managed ETFs almost always underperform the broad market.

LongLetterhead7083

i'm a JEPI boy. pulling in 2K per month

done-done-london

JEPI is real?