JEPI

Striking-Block5985

Yes it's called buy the JEPI etf , very conservative and invested in such a way as to minimize volatility (risk) and provide income

FatBastardsHungry

Thoughts on JEPI? Can’t believe after years of day trading never discovered. It’s for old people and boomers but at 8 percent dividends, that’s insane

EarthquakeCrater

Guys why do always buy into to top of the echo chamber crap: Fell for SCHD, then JEPI, now BMNR. Every single time.

mvhanson

You might consider a bit of DIY dividend portfolio investing (if you are looking to diversify a bit), though that takes a bit of homework and is something of a project. But basically, long-term diversification is all... [https://www.reddit.com/r/dividendfarmer/comments/1hofu1z/building\_a\_dividend\_portfolio\_and\_the\_rule\_of/](https://www.reddit.com/r/dividendfarmer/comments/1hofu1z/building_a_dividend_portfolio_and_the_rule_of/) One way to think about it is "Moneyball for Dividends." While the big funds (SCHD, JEPI, JEPQ, and others) are absolutely the right fit for a lot of people (set it and forget it), it's also kind of fun to put together your own team. [https://www.reddit.com/r/dividendfarmer/comments/1nnwbj8/moneyball\_for\_dividends\_a\_way\_to\_think\_about/](https://www.reddit.com/r/dividendfarmer/comments/1nnwbj8/moneyball_for_dividends_a_way_to_think_about/) You might try some YieldMax for fun (people say bad things about YM, but some of their products actually have held water pretty well). Here's a breakdown of everything YieldMax offers in terms of yield + capital gain: [https://www.reddit.com/r/dividendfarmer/comments/1ofjkzn/yieldmax\_yield\_capital\_gain\_analysis\_10242025\_is/](https://www.reddit.com/r/dividendfarmer/comments/1ofjkzn/yieldmax_yield_capital_gain_analysis_10242025_is/) And if you want weekly payers (though it's behind a paywall): [https://www.reddit.com/r/dividendfarmer/comments/1oixurn/weekly\_payers\_yield\_capital\_gain\_analysis/](https://www.reddit.com/r/dividendfarmer/comments/1oixurn/weekly_payers_yield_capital_gain_analysis/)

AffectionateLeek5854

Ben Felix released a video yesterday debunking the myths around covered calls ETFs like JEPI Would highly recommend to watch that . https://youtu.be/K3sYY3T7V8k?si=PeMCfoHqnNVSrFv6

erichang

you don't need to sell covered call. Just buy JEPI. This will save you time and energy.

YuckyBurps

So how then do funds like JEPI hold their NAV flat? Do they just withhold distributing some of their premium income so that the times they do make money there is still something left to purchase additional shares with?

YuckyBurps

I guess on a fundamental level what I’m not understanding is that if you sell a covered call and that option gets exercised you’re selling off the security you wrote the call against. The only way to write another call option would be to buy the security again - a security that is now worth more than what you just sold it for. How can that be sustainable? Surely the value of the fund will diminish over time. Yet for some funds like JEPI the NAV has remained flat or even grown. That seems counter intuitive to me.

CmdrChesticle

JEPI in particular is a lot less reliant on covered calls than some of the others - but yes, if your investors are expecting a distribution every month that is higher than the total return, NAV erodes.

rbetterkids

Maybe try JEPI to collect the monthly dividends? Then buy 100 or 1,000 shares? It's an index fund, so less risks.

Senior-Preference678

VOO and chill works if your only risk is market volatility, but not if the risk is political or currency instability. VOO = 100% U.S. large caps, so you’re fully tied to the U.S. economy and the dollar. If you actually want political-risk protection, diversification matters: - VOO (40%): U.S. growth core - VXUS (20%): global exposure outside the U.S. - GLDM / IAU (15%) – gold hedge - BIL / SHV (10%) – cash & liquidity - STIP / TIP (10%) – inflation-protected bonds - SCHD / JEPI (5%) – dividend income buffer That mix keeps upside exposure but cushions geopolitical shocks. Not financial advice, just risk management 101.

Senior-Preference678

VT is definitely a solid one ETF solution, globally diversified, 60% US and 40% international, covers nearly 9,000 stocks, and yields around 2%. But for real political-risk protection, it’s still 100% equity exposure. If the goal is to hedge instability, I’d still mix VT with: GLDM or IAU: inflation & crisis hedge BIL or SHV: cash-like stability STIP or TIP: inflation-protected bonds SCHD or JEPI: dividend income & lower volatility So maybe 60% VT + 40% hedges for a balance between growth and protection. Not financial advice, just fundamentals talking.

nobertan

There’s funds that do this, like JEPI and JEPQ. There returns are rubbish (7-9% annually from CC premiums) for the risks they’re taking (massively lagging the funds they’re tracking).

Etchasketch55

I've been with SCHD for a few years and recently added some JEPI to the mix. SCHD gives me steady growth while JEPI kicks out higher monthly income. Had to start with about $500K to hit close to your target. Not gonna lie, building that nest egg took me a decade of aggressive saving, but now it's pretty sweet watching the dividends roll in without touching the principal. Don't sleep on JEPI if you want that monthly payout.

Impressive-Bee-5183

Congrats on reaching that point. Here's what the data actually shows about making a living selling options: I've researched this extensively because I considered the same path. The reality is both more promising and more dangerous than most realize. The Good News (The Edge is Real) The statistical advantage for option sellers absolutely exists: * 60-80% win rates are consistently documented across academic studies * CBOE PutWrite Index: 10.32% annual returns from 1986-2018 vs 8.77% for S&P 500, with 36% less volatility * Options Industry Council 15-year study: sellers averaged 8.27% annual returns while buyers lost 5.39% * Implied volatility exceeds realized volatility 85% of the time (AQR Capital research) * 2024 Boston College study of 2.4M retail trades: naked option selling earned 20% average returns So yes, the math works. The volatility risk premium is real and harvestable. The Brutal Reality (Why Most Fail) Here's where it gets darker: Capital Requirements Are Massive To generate $5,000/month income reliably: * Covered calls/cash-secured puts: $200,000-$300,000 (2-3% monthly target) * Credit spreads: $50,000-$100,000 (more capital efficient but active) * Iron condors: $75,000-$150,000 (10-20% on deployed capital) * PLUS you need 30-40% extra cash reserves for volatility spikes Below $50k account size, this strategy is barely viable due to position sizing constraints and fee drag. The Catastrophic Failure List * James Cordier (OptionSellers.com, 2018): $150M fund blown up in 2 weeks. Clients lost 100% + owed more. Natural gas spike, naked calls, 20-40x overleveraged * Karen "Supertrader" (2016): $136M fund, $57M unrealized losses hidden through rolling scheme. SEC fraud charges, $1.5M fine, permanent ban * 1987 Black Monday: Harry Fluke lost life savings + owed $513,000 from selling "safe" naked puts for $500 premiums. Professional trader lost $52M in one day * March 2020: Countless traders reported "losing double what the market lost" as VIX hit 82.69 The quote "picking up pennies in front of a steamroller" exists for a reason. What Separates Survivors from Casualties Position Sizing is Everything * 2-5% risk per trade maximum (Cordier had 20-40x this) * Use only 25-30% of available buying power (NOT 70-80%) * Multiple uncorrelated positions, never concentrated Defined Risk is Non-Negotiable for Retail * Credit spreads and iron condors survived March 2020 with 20% drawdowns * Naked options/strangles wiped accounts via margin calls * Yes, you collect less premium. But you survive Professional Risk Management * Enter at 45 DTE (optimal theta) * Close at 50% max profit (dramatically improves win rates) * Exit at 21 DTE regardless (avoid gamma risk) * Stop loss at 200% of credit for undefined risk * Portfolio margin only if you have 2-3x minimum requirements in reserves Early Retirement Now survived both Oct 2018 and March 2020 crashes using these rules. The OptionSellers clients using similar strikes but without proper sizing/risk management lost everything. The Tax and Time Reality Check Tax Treatment Destroys Returns * Short-term options = ordinary income rates (up to 37%) * 12% gross return → 8.16% after-tax at 32% bracket * SPX/NDX/RUT options get 60/40 treatment (max 28% rate) - substantially better * Stock options + wash sale rules = tax nightmare for active rollers This Isn't Passive Income * Covered calls: 20-30 min weekly * Iron condors/strangles: 30-60 min daily + hours during volatility * Learning curve: 100+ hours before you're competent * Compare to dividend stocks: 5-10 min quarterly Realistic Net Returns * Conservative defined-risk: 8-12% gross → 5-8% after-tax (high bracket) * With 2x portfolio margin: 16-24% gross → 11-16% after-tax * Expected drawdowns: 15-25% during crises * One bad volatility regime can erase years of gains How It Compares to Alternatives Dividend Stocks * 2-4% yield + appreciation * 0-20% tax rates (qualified dividends) * Truly passive (5 min quarterly) * Full upside participation * Lower income but WAY simpler Options Income ETFs (JEPI, JEPQ) * 8% distribution yield * Professional management, no blow-up risk * BUT: 2023 returned 9.9% vs 26.3% for S&P 500 * You cap upside permanently for that income My Honest Assessment You can make a living selling options IF: * ✅ You have $100k+ dedicated capital (preferably $200k+) * ✅ You use ONLY defined-risk strategies as retail trader * ✅ You never exceed 2-5% risk per trade, 25-30% portfolio exposure * ✅ You can psychologically handle 20-30% drawdowns without abandoning strategy * ✅ You have 30-60 min daily during market hours * ✅ You understand this is active income, not passive You will likely blow up IF: * ❌ You sell naked options with <$100k account * ❌ You use >50% buying power regularly * ❌ You increase position size after winning streaks * ❌ You sell options based on "market view" rather than mechanical rules * ❌ You lack 2x margin requirements in cash reserves The Professional Verdict Academic research is clear: Both retail and institutional investors profit most from selling volatility, but retail traders using simple strategies systematically lose money. The difference is capital, discipline, and risk management. Warren Buffett's successful 2009 option selling (puts on S&P at 450 strike during crisis) shows what it requires: $100B+ balance sheet making margin calls impossible, 50+ years experience, contrarian timing during panic, and ability to hold regardless of mark-to-market. Retail traders have none of these. The CBOE PutWrite Index proves 30+ year viability, but recent 2024 CAIA research warns "option selling has become consensus" with oversupply degrading future returns. Covered call strategies targeting high yields (12%+) LOST money 2011-2023 despite the bull market. Questions to Ask Yourself 1. Can you watch a $50k account become $35k in 3 weeks without panic-selling? 2. Do you have enough capital that a 30% drawdown doesn't threaten your lifestyle? 3. Can you follow mechanical rules when your gut screams to deviate? 4. Are you okay earning 8-12% with constant stress vs 10% buying index funds? If you answered yes to all four, you might be in the 5% who can do this successfully long-term. Congrats again on your success so far. Just make sure you've stress-tested your approach against a VIX spike to 40+, because that's when you'll find out if your risk management is adequate or if you're just lucky. The graveyard of blown-up option sellers is 20x larger than the roster of people who've done this successfully for 10+ years. Respect the steamroller.

Striking-Block5985

yes there is it's called the JEPI ETF and have pro do CC for you with hedging included for every 100K you put into the ETF it yields about $700 a month in income

epic_swag_gamer

Options on CC funds and other high yield investments like BDCs and REITS, especially MREITS, typically have wide spreads like that I'd start by looking at JEPI or SPYI

freakythrowaway79

Check out JEPI & or QQQI. Monthly dividends.

bikeg33k

start selling at a rate that gives you money you can invest in less volatile assets, essentially dollar cost average out of Apple and Nvidia into something more diversified or lower risk (like an income/dividend focused ETF such as JEPI) You could also use some money to buy some long dated puts on NVIDIA and Apple so that if they drop, you still come out ahead.

freakythrowaway79

Yes, definitely. I'm no financial advisor. Definitely risky for an emergency fund. Just options for once EF is established. QQQI is fairly new (about a year) & has less of a track record than JEPI. 👍🏻

freakythrowaway79

Try chatgpt or grok Look into JEPI & QQQI for high monthly dividends. But again it will complicate taxes unless you are under a certain salary.

freakythrowaway79

JEPI & QQQi Monthly dividends on both, higher than 4%.

freakythrowaway79

Check out JEPI & QQQI

freakythrowaway79

JEPI & QQQI Much higher yield% on monthly dividends.

Blazeitbro69420

You shouldn’t really focus on dividends until retirement or just when you want something stable. Something like QQQ or VOO is what you want if you’re young and want growth especially in a Roth IRA account. Then when you retire you can put that money into something like SCHD or JEPI (within your Roth IRA)and withdraw the dividends tax free. I mean there is more to it than just that, but that’s the basic run down on how I plan on doing it

speedlever

Certainly. If you bought QYLD or RYLD, then imo you bought stinkers. They are not properly structured to resist nav erosion and are destined for the dump. At least imo. I hold a number of cc ETFs from both NEOS and Goldman and have been quite happy with them. So far. I understand your angst regarding cc ETFs after your experience. I think JEPI and JEPQ began a more modern approach to cc ETF investing that was more sustainable. But imo, both NEOS and Goldman have improved on the formula. I sold my JP funds in favor of the NEOS and Goldman cc ETFs. And I did something I swore I would never do. I've never been a bitcoin fan and vowed to never touch that sector. But I can't deny that Bitcoin offers opportunities, regardless my resolve to steer clear. I watched an interview by one of the NEOS co-founders (either Garrett or Troy) where they were discussing their cc ETF for the Bitcoin sector, BTCI. I was impressed enough that I bought some. And I've been very happy with it so far. 🤷‍♂️ I only have about 15% in cc ETFs at the moment. But they have blown away SCHD, one of my core staples during this bull market. Unfortunately that's not saying much since SCHD has been so flat this year. 😬

Small_Rip351

I think GOOGL/ GOOG is a long term hold. I’m holding leaps on GOOGL, NBIS, UBER and TSM. They’re all deep ITM (except UBER) so I plan to roll them for the next 10 years to maintain exposure. I sell weekly or monthly calls against those holdings to wash theta and chip away at cost basis. I’m holding MSTR shares long term - it’ll either work out or it won’t, but I could see it above $700 at some point in 2026. As long as the price floor keeps increasing YoY, I’m comfortable holding through the volatility. I’m also holding the XOM shares I bought in the $30s when oil futures went negative during covid. Lastly I’ve been trying to snowball JEPQ and JEPI in my Roth, so that’s a long term hold. Shoot…I was only supposed to give one. I guess I’d have to go with MSTR. I wanna punch myself every day for selling RDDT during the April selloff. I should probably get back in at some point.

F0x_Gem-in-i

For dividends? You meant JEPQ/JEPI/SCHD and many others....... Not a penny stock.

Willing-Promotion685

You don’t have enough capital to generate €500 per month in dividend income. Let me give you two options: 1. Buy a broad index like sp500. Sell enough stock to generate €500 per month. Your portfolio should appreciate fast enough that your holdings still grow. 2. Buy an ETF that holds stock while selling covered calls. A good example is JEPI which generates about 8% annually. I prefer option 1 but option 2 is a bit more psychologically satisfying. Cheer on your 100k and good luck mate!

benji3k

JEPI is Jeffrey Epstien Internatonal right ? wild that he had a company you could invest in

apurimac777

Well, its high time i guess i got the fuck out of cash and dumped everything into JEPI or something

Striking-Block5985

try and income fund like JEPi/JEPQ. SPYI etc. They do all the covered call selling for you./ JEPI will give you $80'000 in income every year

yodamastertampa

SCHD has long term data but still performs poorly. JEPI also has a long track record in CC funds but underperformed all its peers.

Nuclear_N

Find the flow charts that tell you where your money should be going. You already have accounts, so you know how to save... So I guess you are asking what to invest in... The SP500 is the market. this is the baseline for your investments. FXAIX is one of the Fidelity mutual funds, but there are many. Bogleheads is a standard investment method which takes a split into more safe versions. At 40ish I think the 500 is a great option. I also do QQQM which is the nasdaq and more risky. FSELK is a chip mutual fund that is one of the top performers, but with that comes risk. I would stay away from bonds, and keep the HYSA, you could look into high income bond funds with dividends...JEPI is one of them. Remember...this is long term. If you are in the 500, stay there. do not panic when it falls...which it will. Do not sell. Just hold it for 20 years.

Pristine_Contact6451

Yes there are. And that is the basis of JEPI. Let them do the work and maybe always buy the dip. I just don’t have any disposable income because I shorted PLTR and now I work at Wendy’s.

_jasmin17

i think you have a solid list, but a lot of your ETFs overlap in strategy, and you can trim these down specifically, SPYI, QQQI, JEPQ, and JEPI all distribute monthly dividends by selling covered calls. i’d just hold JEPQ and JEPI because they are larger funds with lower expense ratios, and they are the same strategies as the other two ETFs similarly, SCHD, DGRO, and HDV all target dividend stocks. there’s effectively no difference between investing in a dividend ETF that distributes quarterly and investing in a regular index ETF and selling it yourself. personally i’d put all my money in VOO over these

Leungal

Easiest comparison to make is to look at all the ETFs that implement these strategies like JEPI, QYLD, CSPX. You can cherry-pick time-frames where they've done better but it seems like, in the aggregate, they have underperformed.

Nuclear_N

I am 58. 2.6m all in the market. Mostly index funds. Have 250k of AAPL just by luck and avoidance of capital gains tax. The way I see it in a couple years when I retire I am going to take 500k and put it in JEPI. It pays 8% dividend. Then just spend it down. The other millions is going to hang in the 500 and other funds I have. Plus I do some long term leaps on Spy and qqq. I refuse to take bonds beyond my 3-5 year immediate spending.

StatisticalMan

>I'm looking to have some monthly income. Why? Are you retired? Never going to contribute anything to investment from this day going forward. >To date I'm holding some dividend stocks (e.g. JNJ, Chevron). and a bit of JEPI and JEPQ. Seems like a good way to pay a lot of extra money in taxes in order to also underperform the broader market.

RookieMistake101

I use SPYI or QQQI. JEPQ and JEPI are probably the most known though.

PutItOnTheRitz

Interesting how often dividend ETFs came up in the last thread. Anyone here rotating into SCHD or JEPI specifically?

OhBenjaminFranklin

Day 27 of waiting for JEPI to drop back below 56 😐

SeeHowYouSki

JEPI and JEPQ. Look at the dividend.

PutItOnTheRitz

Solid choices…SCHD and JEPI are two of the most mentioned defensive ETFs I’ve seen lately, so you’re definitely not alone there…I like how they balance yield with some equity upside. Personally, I’ve been leaning more toward individual blue chips for that same stability/dividend combo.

charliekunkel

Yup. Instead of straight index funds like Ive held for decades, I recently switched to target date funds (VFORX) that hold some bonds, dividend ETFs like SCHD and JEPI, and VTWAX. I'm fine holding those for a few years. Maybe forever. The older i get, the more risk averse i become. And if we have a 20%+ drop, I'll switch back to more index funds for a while.

trumpdiego

I have a theory why we were up this morning — the JEPI / JEPQ and other high income covered call etfs paid out so those receiving those dividends reinvested them. After that initial pump, the bad news caught up.

FreeEnergy001

These options based ETFs (GPIX, JEPI, JEPQ) are pretty new. Not much history to them to know how they would handle different market conditions.

Significant-Sky-7186

Do you invest in any options related ETFS such as JEPI/JEPQ? How's the performance comparison if so (is the options wheel worth it)?

Akisu30

I like it.Just don't panic and don't sell it in few years if the market is down.Tech stocks will be great in 15 years. I'm thinking of front-loading $250k now, $100k next year, then $35k a year. Mostly Big Tech(Amz, Apple ,Google, Nvidia, Microsoft + S&P + SCHD, with JEPI/VYMI for dividends and some international balance. Everything reinvested, ignore the daily swings. If history rhymes, that's ~$4 to 6M in 20 years. People will say to just say to put in QQQ,VOO or S&P and forget it.But I would say just ignore it.If you are employed and in 20’s/30’s don't forget to maximize your 401k and if you have kids have 529 apart from tech heavy stocks.

Akisu30

I like it.Just don’t panic and don’t sell it in few years if the market is down.They will be great in 15 years. I’m thinking of front-loading $250k now, $100k next year, then $35k a year. Mostly Big Tech(Amz,Apple ,Google,Nvidia,Microsoft + S&P + SCHD, with JEPI/VYMI for dividends and some international balance. Everything reinvested, ignore the daily swings. If history rhymes, that’s ~$4 to 6M in 20 years.People will say to just say to put in QQQ or S&P and forget it.But I would say just ignore it.If you are employed don’t forget to maximize your 401k and if you have kids have 529.

D_Pablo67

Stocks: I would sell UNH and CRSP. The rest are excellent. Be ready to buy more of them on dips. ETFs: You have too many. Focus on QQQ and VOO. Fine to add JEPQ and JEPI if you want monthly income from covered call ETFs. Crypto: This will be the most volatile portion of your portfolio. I agree not to contribute more. Let it ride and trim a little on price surges. You are in great shape.

Objective_Plankton71

Leverage your investment with real estate. Buy three $600K condominiums in vacation areas with an eye towards short-term rentals, Airbnb, VRBO etc. 20% down payment for safety is $120,000 on each, so that's $360,000. I would plan on $30,000 to furnish all three, say Miami, Park City, Utah, and Honolulu. Plenty of available condominiums at $600,000 in those areas. Plan on professional property management. That would bring you four season unreasonably high rental income (not market). Then, with the other $100,000, just put it into a nice, safe ETF like JEPI, JEPQ, or SCHD. Your capital appreciation on the condominiums should be massive, even considering our current real estate market. The best time to get in was yesterday. The market for ultra-luxury vacations, or people that want to appear like they're taking luxury vacations, is not going anywhere. It's all about the gram.

Objective_Plankton71

ULTY is “Return of Capital Trash” Weekly distributions are not true yield: Most of what investors see as “income” is actually return of capital (ROC). They’re just handing back chunks of your principal, dressed up as a dividend. NAV erosion: Because the fund is bleeding itself with constant payouts, the net asset value (NAV) grinds down over time. Investors feel good getting weekly checks, but their underlying investment shrinks. Illusion of high yield: Quoting 120%+ TTM yield looks incredible, but it’s a shell game. Unless the fund is consistently outperforming the market (it isn’t), those yields are unsustainable. Expense drag: On top of that, ULTY charges ~1.3% expense ratio, which accelerates NAV decay. ⚠️ Real-World Impact If you held ULTY long-term, your “income” stream is offset by capital erosion. You’re eating your own seed corn: the fund pays you with your money, plus a bit of option premium, but long-term wealth doesn’t grow — it decays. ✅ Better Alternatives If you want actual yield instead of ROC gimmicks: JEPI / JEPQ – Covered-call ETFs that still retain NAV stability better, though capped upside. SCHD – Dividend growth ETF with lower yield, but real sustainable distributions. Laddered bonds / munis – Actual coupon income, not ROC.

eskhalaf

105M in SPYI, QQQI, BTCI, JEPI, JEPQ, VOO, SCHD and SCHG and couple other index funds would give you monthly dividends about 1M+ if not more. Sorry for your loss OP

Maleficent-Fennel250

Personally not a fan of dividends but I do SCHD JEPI JEPQ and VYM

oliveandgo

I don’t understand why so many question the original post instead of offering advice. Maybe you think that’s so wealthy, it doesn’t matter, but it’s all relative. There’s someone else right behind any of us envious of our extravagant wealth. This is a f’ing investing page. These are appropriate questions. I’d do a mix of state munis, treasuries, and equities. For equities, you could do a mix of JEPI type stuff for higher dividends and a bunch of SPY. The particular weights depend on your risk tolerance. I’d personally stay 70-30 toward equities in retirement too, but I’m also a little greedy and still want growth.

loldogex

Wouldnt the federal and state exempt munis be a good investment since they have such large assets? Maybe even better than JEPI since no tax.

managemoneywell

Go out a little further on treasuries to get the state tax exempt. I would have a little sleeve for pimco income and JEPI just to generate some yield. I would also look at a sleeve for high quality munis in your state. That should about cover it. And stay healthy

Old_Sock7485

rather than bond, why don't you look into CC etf, like JEPI/JEPQ, SPYI/QQQI. They provide monthly dividend, you can use them to reinvest or buy some good steak for yourself.

grokson02

30% of portfolio in $VOO is smart, $SCHD and $JEPI offer higher income.

sharpetwo

Covered calls = short puts, yes, but with an important asterisk. The equivalence holds when you are talking about a single strike, same expiry, fully funded position. JEPI, QYLD and friends are not that. Instead they are systematic overwriters, usually writing calls slightly OTM, rolling every month, and they hold the underlying long. So what is retail actually doing when they pile into JEPI? They are selling upside convexity every month in exchange for a yield stream. It is functionally short vol, but not the same as running a put-selling book. The inflows just create steady institutional call supply, which does two things: 1/ Flattens skew on the call side 2/ Pins the indices a little more in chop But it does not make long puts cheaper. If anything, the mechanical call overwriting depresses call wing vol, which steepens downside skew. In other words, retail is not making puts “more favorable” but ... the opposite. They are making crash insurance relatively more expensive by subsidizing the other wing.

Uniball38

JEPI and JEPQ dont actually sell calls. They enter ELNs with banks (which are the same thing in theory, but its not on the options market)

Voaracious

Covered call funds can generate a good dividend. JEPI is the famous one but there's others too. Think they're at 8 or 9%.  Brazilian stocks are cheap. But there's some political risk. VALE pays around 10%. I'm in PAGS which does about 9%. Plus they do stock buybacks on top of that.  I've said before here why I think VZ is good and safe. Pays around 6.5%. Write covered calls on it and earn even more.  Or you could always do bonds. Though with inflation looking foreboding maybe I'd hold off on that.  I like MO. I don't like PEP. 

Striking-Block5985

no not the same, seling put is a diff kind of risk entirely, you need to go and read the way the JEPI is stuctured. They don't sell calls directly

Striking-Block5985

JEPI, is structured diferently that the pure SPY, it doesn 't own all 500 of the SPY , and the % of each one it owns is different, it is done to hedge the ETF somewhat , The result is the JEPI' BETA is much less than the SPY beta

Axisl

Heres my unprofessional opinion: you have a crap ton of overlap in your etfs, pick maybe 3-5 and ditch the rest. For individual companies, I won't comment, but realistically, it would be easier to invest in ETFs for your future retirement if you prefer not to manage your funds actively. As for what I would do with the 700K I would: 1. Put 300K in something like SPY, and then put 100K in an etf that tracks economies outside of the US for diversity. 2. Put 200K into some ETF like JEPI that is income targeting to use to pay your mortgage. As an example JEPI is paying around 30-40 cents per share a month in dividends and has performed reasonably well for the past three years. 200K into JEPI will pay around 1.2K a month in dividends which could be used to pay the majority of your mortgage while the principle should maintain its value. This is inherently riskier than SPY and past performance is not indicitive of future performance. however when the house is paid off this becomes extra income. 3. For the remaining 100K this can be used as a travel/spending account allowing you to contribute more of your income to future savings such as retirement or future big purchases.

PapaCharlie9

Neither? Don't trade options on funds that trade derivatives. In general, look at the option chains for a ticker that you plan to trade. You want to see: * Frequent expirations, at least monthly. JEPI only has quarterly expirations. * Good intra-day volume (after the first 2 hours of market trading, or look at the average daily volume). JEPQ has decent volume around the ATM strike. JEPI has single digit volume across all strikes for the front contract (Sep). * Good bid/ask spreads (spread is 10% or less of the bid). Neither has what I would consider good bid/ask spreads at the ATM strike. The ATM JEPI call is .10/.15, which means the spread is 50% of the bid. Granted, it's nickel increment, so the spread can't get any narrower than that, but that's a problem in itself. Try to avoid nickel increment contracts when the bid is less than $.50.

Aggravating_Train235

I am planning to do option trading on JEPI/JEPQ, any suggestions which can be more suitable for it?

RefuseFantastic717

I would park 2.5m in JEPI and retire, play with 500k on whatever. But then, if you had this mindset, you probably wouldn’t have hit 3m…

ThinkingOfTheOldDays

JEPI is bright green.

StoicKerfuffle

Whatever one thinks of covered call ETFs, the substance of Eifert's complaints is about **options themselves**, and most of what he says is either a strawman or a misunderstanding of how options are used. He might as well be yelling that JEPI is a scam, the CBOE covered call indices are scams, etc, etc. There's nothing wrong with just trading stocks and never touching options. But the core of his argument, though he never seems to realize it, is that options are always fairly priced and thus not worth attempting to trade. That's no better than saying stocks are always fairly priced and thus not worth attempting to trade.

fpsstreak

Decent strategy. But I like monthly dividend paying ETFs. Curve balls are like BITO,YBIT. They are risky but with like 2.5k on each. $100 a month almost 98% guaranteed on each. From there a more secured option is BTCI…pays around the same as VOO monthly because again..bitcoin related. Invest a lot heavier because it’s a lot safer. Last time owning almost 180+ shares it gave $283 that month alone. I had to unfortunately sell since I changed investing strategy. For fast gains…putting a lot more money than I was comfortable having out there. I like a pile for unexpected expenses and all. So I met my goal and now I can invest on my next paycheck as much as my heart desires. $800-1k per paycheck. I am looking for the four towers of high yield dividend ETFs and stocks to push a strong money supply out of my investments early on. Then with my constant 2x a month investments of my own money to then start buying the good stuff easier with all the generated income. I stopped but this year I clocked in 1k in dividends with very low money in. 95% -SPYI -BTCI -JEPQ/QQQI -JEPI/O 5% MISC. -crypto: XRP,HEDERA,AVAX -weekly paying ETFs -curve balls: XOEF(dividend payments have not been announced for it being soo new to the market), calls, penny stocks with some DD. -crypto futures: BITO, BTCH. BTCH is two years old but does one payment of $20 a year…buy some 50 shares at some point and see if I get $1k Christmas gifts every year.

_Tyrus_

In your case, the fact that you bought JEPI instead of VOO is an aggravating factor in your dissatisfaction with your returns. JEPI is always going to underperform VOO from a capital appreciation standpoint on a long enough timeframe. You do you, but you're not giving ETFs a fair shake when comparing the capital appreciation of SCHD and JEPI since January vs. that of individual stocks that you've used hindsight to cherry pick and beat yourself up over. Plenty of individual stocks have massively underperformed the overall market this year so far.

Esoteric_Innovations

Yeah, I've been thinking about it a lot. Starting doing some due diligence on some classic names like KO & DE (up 13% and 22% YTD respectively), as well as your index funds like VTI, JEPI, etc. Still, there's that part of my brain that recognizes I've been consistently profitable for almost a year now. In October last year I was at 3k, now I'm nearly at 100k. So part of my brain says 'keep going' and see if we can race to a million in the next two to three years instead of waiting another ten. It's one of those things where I'm just weighing my options here.

Senior-Preference678

You’re not alone, hope it makes you feel better. I’m 48yrs, started investing January 50k…I put my money into SCHD, JEPI to get some dividends, wrong choice. The market felt and recovered and these ETF’s still down! I’m getting nothing, except from some small dividends payd by JEPI…I hope they can recover until December, then I can sell it and buy individual stocks!!!

AskGrok

Ah, the classic WSB paycheck YOLO query—because nothing says "financial responsibility" like dumping your hard-earned cash into a volatility blender. Tomorrow's August 8, 2025, and the market's in a mood swing: US500 dipped 0.17% today but it's up 1.75% monthly and 19% yearly per TradingEconomics data, with gains hogged by mega-caps like the Magnificent Whatever. Morningstar's August outlook flags opportunities in undervalued sectors beyond those five behemoths—think energy or small-caps if you're feeling contrarian. If you're dead set on YOLOing, skip the casino and consider high-yield plays buzzing on X: JEPI (around 11% yield with downside protection) or QYLD for Nasdaq covered calls, turning your paycheck into weekly payouts instead of instant regret. Or go full degenerate with Bitcoin ETFs like YBTC for that sweet crypto chaos, since posts there scream "income without working.

bullrun001

Lots of great advice from other posters, try to diversify on her investments, look for a monthly payers like JEPI and JEPQ together they should yield you around 9% start with 5k each, reinvest dividends and add monthly. Invest in DGRO a dividend growth ETF, SCHD as well. Invest together and let her know what you are doing with her money and that you have her best interest at heart. Good luck and best wishes for you and your Mom.

TheObsidianHawk

Lets go volatility! I want to see Jerome come out next week and say inflation is at 3.1% I also want my JEPI dividends to go up.

Spanthaki

# What do you think is a better plan please help me decide below Hey guys so I'm currently investing 1000 a month in vti and vxus im 27 years old but i'm planning on switching to investing in the other options below as my goal is to hit at least 10,000 a month in passive income by time im 40. I know i want achive with just a $1000 a month but its a start, but would love to hear people's opinion on why or why no this is a good idea || || |**100 % SCHD**|\~$260 k|\~3.8 %|**$10 k/yr**| || || |**70 % SCHD / 30 % JEPI**|\~$260 k|\~5.8 % (blended)|**$15 k/yr**|

15pH

If your thesis is CONSISTENT sideways movement, then covered calls win. Historically, that's not how the market works...it has significant periods of explosive growth that drive overall returns. QQQI will miss much of that upside while still suffering most of the downside. Your thesis is counter to historical trends. That doesn't make it wrong. QQQI if you are trying to time the market and make a bet. JEPI to fill a longer term role in a diversified portfolio, since it is almost as good sideways while providing much better stability and downside ballast.

RookieMistake101

Not with MSTY and other yield max ETFs. Your principal erodes so quickly, you have to constantly reinvest just to keep up. Or you can do the more stable CCETFs like JEPI, SPYI, XYLD. None are perfect but they’re fairly stable.

Cruian

>Say you're starting completely fresh and want to keep your investing simple, diversified, and long-term focused. You only get to pick three ETFs. Which do you choose, and how would you balance them? >I’m trying to find that sweet spot between growth, income, and risk management. For example, you could go: >VTI (total market), VXUS (international), and BND (bonds) for a broad mix This fits your needs then. >Or maybe a more aggressive trio like QQQ, SCHG, and JEPI How is this more aggressive? You may be mixing up realized recent returns with expected future returns. "Growth" as a style tends to under perform in the long run. Factor investing starting points: * https://www.investopedia.com/terms/f/factor-investing.asp * https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/fidelity/fidelity-overview-of-factor-investing.pdf (PDF) * https://www.cbsnews.com/news/the-black-hole-of-investing/ * But be aware that factor premiums can take a while to show up: https://www.reddit.com/r/Bogleheads/comments/1hmbwuw/what_every_longterm_investor_should_know_about/ * And from GwenRoll: https://www.reddit.com/r/ETFs/comments/1krd3fe/growth_does_no_one_know_what_the_hell_it_means/ >Or something income-heavy like DIVO, VYM, and a REIT like VNQ Why focus on income? It comes at the expense of share price. >What’s your 3-fund recipe? Curious how others think about diversification when forced to stay lean. https://www.bogleheads.org/wiki/Three-fund_portfolio Each "fund" has a specific role and helps with diversification: they don't overlap, and since uncompensated risks (like single country), give exposure to compensated risks (emerging and possibly smaller caps), and let's you adjust the safety by assisting the amount of bonds/similar.

Striking-Block5985

or JEPI/JEPQ might be better to TAKE THAT money from all those gamblers every month

VegasWorldwide

moving it now after 2.5 years of huge gains is pretty smart IMO. I wouldn't move it all, maybe 70% of it depending on your situation, but at your age, seems like consistent income would be good. I'd buy a very diverse group with dividends: JEPI, QYLD, QQQI, QYLD, KO, SGOV & SCHD. That other 30% you can invest in growth stocks like Mag 7. 70% of your portfolio invested in those stocks would net you about $56k in dividends annually.

iChaseGaming

At your age and what you hold, you should probably start thinking of having some degree of stability (more fixed income, less volatility in the event of a market downturn). If you're in the US, now would be a good time to consider shifting funds into things like SCHD and JEPI. If you're in Canada, then consider things like VDY :) basically good dividend income, so you won't have to touch your principal. Hope this helps! Oh and do speak to a fiduciary financial advisor, not some guy working at a bank (they just want to sell you high fee mutual funds)

RookieMistake101

Well, then this is a classic example of retail being retail. You’re literally buying an investment for the wrong reasons. If you don’t want the income then you shouldn’t be buying JEPQ. Look at how JEPQ or any of these covered call strategies have performed YTD in a highly volatile market(JEPI, XYLD, etc). Their total return is below their index. You need either down or fairly flat markets for these CC strategies to make sense. Or the priority is just income and you’re not as worried about total return as you’re not touching your principal.

Far_Lifeguard_5027

Moron should have bought QQQI, JEPQ, JEPI, and SPYI and had a nice early retirement.

NotUrMama2024

Long on MNMD, HOOD, NVDA, AMZN & HIMS. Not emotionally attached to any of them but I’m holding on unless fundamentals change or CC’s get them called away. Also long on dividend ETF’s JEPI & JEPQ.

taxotere

Only charlatans are those who buy the JEPx funds without understanding them and then complain. Knowing a guy who lives from JEPI - lives, not dreams to live from total return charts - he has a different story to tell.

somethingbytes

I'm frankly largely cash, just trying to get 5%. I have about 30% in the market now. That's is either short TSLA or in biopharmas since they were so beaten down (not that I trust them long term with RFK jr). Everything I loved (SOFI, SHOP, GOOG) have all gone beyond what I feel comfortable with. Costco has come down, maybe some dividend plays aren't looking too bad (O, SCHD, JEPI)

pharmd

YOLO on 0DTE options jk Continue to invest in index funds I bonds, can also consider muni bonds if you’re in the highest tax brackets Can even consider a portion into covered call Nasdaq/s and p ETFs for income. I plan to do this in retirement. Eg, QQQI JEPQ JEPI

HobbitFeet_23

SGOV is perfect for cash. SCHD and JEPI aren’t.

Omynt

I have no problem with being 100% equities until 40 or so. But if you want to be 100% equities, you need a justification for investing in JEPI or SCHD rather than more VTI/VXUS. My understanding is that these dividend-payers do not perform better overall, i.e., in terms to total return, then broad market funds. If you want some proportion not in equities, why not individual bonds, a bond fund, or CDs?

clock_skew

SCHD and JEPI are volatile, just like any other stock. You can’t store cash in them, you invest in them. Also, your investable cash should be invested in stocks you want to hold long term. Storing temporarily in SGOV, SCHD, or JEPI are all bad ideas.

AreWeMillionairesYet

Hmm, ok I’m undertaking this. I believe in the USA market so VTI and VXUS make total sense. Do you think JEPI or SCHD is a bad place to keep my investable cash then? Even though it yields like 8%+??

clock_skew

VT already contains all the companies inside VTI, at market cap weight, so there’s no need to have both. You can just buy VT. If you want to tilt towards the US then you should buy VTI and VXUS, which is the international portion of VT. That will let you control your ratio more directly and get a foreign tax credit (if this in a taxable account). SGOV is a great place to store cash, but SCHD and JEPI are dividend funds, not cash. If you want to invest in dividend stocks they’re a fine option, but they serve a completely different purpose than SGOV.

SirGlass

VT and VTI have overlap , VT is a world market it holds the entire world market including the USA Usually the classic 3 fund portfolio is VTI /VXUS / BND Or simply VT/BND SGOV is basically cash like a HYSA , its not really comparable to SCHD or JEPI

AreWeMillionairesYet

I’m 32. I have $87K in an S&P 500 index and $330k in SGOV because I’m so conservative. I’m debating about a sum of $100k into VOO and DCA $1k a week until another $100k is invested. In the mean time, keep all of it in SGOV/JEPI to make some type of return. What do you think?

AreWeMillionairesYet

Do you use JEPI just like SGOV?

charliekunkel

Yup. It all depends on your risk tolerance. 20% of my.portfolio is in JEPI for just such an occassion. It woyld be less if i were younger though.