JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
Mentions (24Hr)
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Advice for investing in this long call on an etf rather then a traditional stock.
I feel like I’m leaving so much money on the table. Talk some sense into me.
3rd year of maxing out my roth ira. How do my allocations look
FEPI Looking like a better JEPQ. 25% yield, solid price performance
Late to the party and new to dividend investing. Let me know what you think of my mix. I know I have overlap and probably too many, so any suggestions would be greatly appreciated. JEPI, JEPQ, JEPY, QQQY, SPLG, DIVG, SCHD and YYMI.
Is There Something Wrong with Yahoo! Finance?
Common criticism of covered call ETFs vs potential alternative?
HSA question, throw it in Jepq, reinvest in VTI?
Looking to supplement my military retirement income w/stocks,etfs
How would you invest $200k to generate $1,500 a month passively?
High Yield Monthly Dividend Stocks or Funds with High Option Volume?
Seems Fidelity doesn't add to your cost basis when you DRIP.
What place does JEPI/JEPQ hold in a world where Tbills and MUNIS start paying an acceptable coupon?
What’s a better short term investment (6-12 months), JEPI or JEPQ?
I have noticed that the same stock will be listed at different prices depending on the source. Why?
Mentions
JEPI and JEPQ are both covered call ETFs from JPMorgan that pay high monthly dividends and track the S&P 500 and NASDAQ 100 respectively. My four top dividend payers are: Realty Income (O), a REIT that pays interest income monthly and a Dividend Aristocrat. Federal Realty Investment Trust (FRT), a REIT that pays interest income quarterly and is a Dividend Aristocrat. Enterprise Products (EPD), a pipeline MLP that pays a quarterly dividend taxed as ordinary income and is a Dividend Aristocrat. Energy Transfer (ET), a pipeline MLP that pays a quarterly dividend taxed as ordinary income. If you buy all of these you will have a balanced portfolio with growth potential and good monthly income.
Behavioral controls are important too. To help mitigate my losses I only re-gamble half of my winnings from options. The other half buys SCMB to set aside my taxes and SCHD/JEPQ for the rest to give me dividend yielding assets. I can go to zero on all my options money and be forced to wait for a dividend to start gambling again. All trading is just psychological. The numerically optimal thing to do just pushes you to take risks.
I sell covered calls and cash secured puts for income (300-500 option contracts a month). The truth is it is very time consuming and a lot of effort to do well and I can do this because I don't care about my career anymore. Not something that makes sense in the middle of your career and your balance is way too small to make an impact. The shortcut way is to buy a covered call ETF like QQQI or JEPI, JEPQ. It's the same thing with less time commitment. There is a lot of income leakage as trading options is really easy money.
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 👍🏻
Who else on this board rotates between JEPQ and QQQI inter monthly to capture their healthy monthly payouts of 10.15% and 13.45%? 💰 Works well
Thinking of rotation out JEPQ because of the impending AI bubble and into something safer for now such as a short term bond ETF. Thoughts?
i would look into a nice income ETF as well I love JEPQ or JEPI
You might consider a bit of DIY dividend portfolio investing, 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), [https://www.reddit.com/r/dividendfarmer/comments/1omobcw/big\_dogs\_part\_ii\_an\_analysis\_of\_the\_top\_25/](https://www.reddit.com/r/dividendfarmer/comments/1omobcw/big_dogs_part_ii_an_analysis_of_the_top_25/) 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/1olgg01/yieldmax\_yield\_capital\_gain\_analysis\_10312025\_is/](https://www.reddit.com/r/dividendfarmer/comments/1olgg01/yieldmax_yield_capital_gain_analysis_10312025_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/)
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/)
I did the same thing soof the rental and put all the money into JEPQ. same income no headaches
First of all I keep investing as that's the best strategy that I know of. I don't see it as a bubble popping over night but rather a potential incoming slow rolling downturn of the market or stagnation until we get some real AI besides LLMs. The hype will slowly fade over time that could lead to companies lose the gains that they've got from it. That's why I've personally decided to move my money into JEPQ which has been made specifically for situations like this. I also get exposure to Nasdaq but I'm also prepare in case something happens and I can use the distributions to reinvest in discounted assets if the bubble really pops. Besides this I also invest in infrastructure for AI which I believe will not suffer as much from a bubble as other companies that are getting hype from AI tools. Not financial advice.
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).
Covered calls by their nature cap your potential gains. You keep collecting the premium selling options as long as the stock price stays low. If the stock price rockets up, your shares are called away and you no longer collect the premiums. Now imagine I had NVDA stock and kept selling covered calls. One day it rockets up, my shares are called away, the stock keeps rocketing up and I lost the opportunity of those gains. I mean if you have a high conviction long term investment, you probably don't want to risk assignment and losing shares. There is also tax obligation that triggers on profitable sales. ETF's that sell covered calls and return the premium to you in the form of dividend distribution have gotten very popular recently. You have JEPQ yielding around 10% and QQQI about 13%. In this case there is no maintenance to sell contracts and no risk of shares getting called. >I get you can get trapped if the prices tanks but outside that, isn't that just like free money until it finishes ITM You're basically saying I can't lose money if the stock doesn't go down. Easy to say, not as easy in practice.
Put half into SPMO -this is a momentum fund that has consistently outperformed the S&P500. That will give you some growth. Then invest the other half into QQQi and JEPQ for monthly dividends.
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.
Not index but best buys for me have been WPAY, SCHD, SCHG, FBTC, FUTY, and JEPQ
Just put the profits into WPAY and JEPQ.
Like we said. In Europe we can’t have nice things… PBDC and PFFA and CLOZ are not in Europe. JEPQ is LSE and is available (fortunately)
Well than JEPQ is your best choice of the 3. can you get PBDC9% yield, PFFA 8%, or CLOZ 8%. These 3 plus JEPQ would get you to your income goal and leave you with
I live in the US. I don't know how your laws affect investing for you or the fund selections you use. So keep that in mind. JEPQ and QYLD both invest invest in the same index. So why both. Also these ar not the best ones in the US markets. JEPQ produces regular dividends so the income is taxed at a higher rate. QYLD is known to have NAV and share price erosion issues. I use QQQI 14% yield, and the fund does everything possible to so that the share price and NAV follow the index. So far no NAV erosion issues. Also in the US the dividend is classified as ROC and is taxed at a much lower rate the JEPQ and QYLD. QQQI is a NEOS fund. NEOS has another fund SPYI that invest in the S&P500 The yield is 11.7% has no NAV erosion and the same low tax are QQQI. XYLU also has NAV erosion issues. So over all I would replace JEPQ, QYLD, and XYLU with QQQI and SPYI. Neos has several good funds you might want to use check out their web site. Also SPYI and QQQI fallow ther index they fallow. so volatility should be similar to the Nasdaq 100 and the S&P500 indexes.
Too complicated. Just go all into JEPQ and call it a day
Oh it can definitely be part of your investment strategy (though I prefer QQQI or JEPQ) - but it ain’t a hedge.
20% JEPQ or XDTE for income generation. 60% VOO 20% VXUS NFA
Are the price movements of covered call ETF's like JEPQ or QQQI influenced in the same manner as single company stocks or other ETF's like SPY or QQQ? I.e. supply vs demand, i.e. more buyers vs more sellers.
Ahh ok I see. I have an account through Public where I try to only trade with max 5% of my port and the rest is investments. Then I have a smaller account on Schwab for divs only (ADX, ARR, JEPQ, and MSTY), not too invested into that since Im young and should be investing more into growth stocks.
Currently own equal amounts of NZF, JPC, PMT, JRI and FBND for a yield of almost 9%. I I will flop for FBND for JEPQ if we ever get a stock market correction.
Never is good. I have a soft plan to sell 75% at $150B Mktcap, that'll give me $2M I can put into JEPQ. But I might hold on longer or sell CCs for a while.
Put it in JEPQ, earn 9% with monthly dividends.
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. 😬
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.
JEPQ. Gets some smaller growth but also a real nice dividend
18 is way too young to be considering a house and all the responsibilities that come with it. I would take out from the profits what you put in, also take out any you need to pay off outstanding debts and then invest the rest. I would invest a chunk of the rest (like 40%) in ETFs like VOO and some that pay dividends, like JEPQ. 30% into solid high-growth companies (GOOG, NVDA, NBIS, etc) and with the last 30% mess around with more volatile stocks that have good growth potential (do your DD though). This is what has worked for me so far. I would consider it moderately aggressive but a bit more on the safe side than a lot of people on Reddit would suggest.
For dividends? You meant JEPQ/JEPI/SCHD and many others....... Not a penny stock.
AI (the usual), healthcare (JNJ, HIMS), BRK.B VUSD, EQQQ, R1GB, DGRW, JEPQ 33.33% going into dividend growth & BRK.B 66.66% going into broadmarket & growth, that way when shit hits the fan I won't really panic. Worked for me previously with dividends dripped into all my allocations as per their percentages.
JEPQ is fucking garbage, SPY alone is up 13% ytd while jelq is what sub 1%
im curious, why dont people just dump all their money into JEPQ and get 120+% annual returns? their 30 day yield is ~10% usually plus dividend reinvesting, like am i retarded and im missing something here or is this actually just easy money?
If you’re looking for something above Treasuries (\~4%) without jumping fully into equities, the natural next step is **high-yield corporate bonds or bond funds**. Good managers focusing on BB/single-B credit, and higher, can get you in the 6–8% zone, though you’ll be taking on more credit risk and some volatility. Preferred shares and floating-rate bond funds can also be considered (typically yielding 5–7%), and fixed annuities offer a guaranteed base but with reduced liquidity. **BDCs** and **covered-call ETFs** (like JEPQ) can hit 8%+, but they behave more like equity-income products and come with bigger drawdowns in bad markets. A balanced approach usually works best—keep a core in Treasuries or IG bonds for stability, then add smaller slices of high-yield bonds, preferreds, or select income-oriented funds to push the portfolio yield higher. Laddering maturities or mixing fixed and floating rates can help smooth the risk. If you happen to be investing in India, platforms like **Tata Neu** now make it easy to access government bonds, corporate debt, and other fixed-income products in one place. That can be a simple way to build your fixed-income base while still exploring higher-yield options without taking on outsized risk.
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
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
Gently, you're making this way too complicated. VTI already holds the stocks in SCHD, VYM, JEPQ, etc. You're created a portfolio with a ton of unnecessary overlap.
>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.
Will update the growth side later if I remember to: One portfolio, two pies. Defensive: VUSD - 26.66% FUSD - 13.33% JEPQ - 13.33% EQQQ - 13.33% R1GB - 13.33% MSFT - 4% BRK.B - 4% JNJ - 4% COST - 4% WMT - 4% Growth: VUSD - 26.66% FUSD - 13.33% JEPQ - 13.33% EQQQ - 13.33% R1GB - 13.33% Remaining 20.02% is up of Tech/Crypto companies Was thinking at some point to replace FUSD, but there really isn't an SCHD alternative in the UK. Whilst FUSD has really nice growth, the dividend yield is 1.6%, which has gone down in the last 3 years. Almost feels like a less volatile S&P500 with slightly less returns.
QQQI, SPYI, JEPQ - collect dividends and chill. SPX calls for more excitement
Option buyers think that the contract should/will be worth more than what it is currently trading for, and option sellers think the opposite. It's two parties making a bet that they have more alpha than the person on the other end of that trade If you believe in efficient market theory, assuming both parties aren't insider trading, neither of them have any alpha; over time, both buying and selling options is capital neutral sans trading fees & borrow rates (leverage is not free: see BOXX) Option buyers want leverage and option sellers want less volatility. Using recency bias and claiming "MSTY is stupid because MSTR outperforms" is like saying "QQQ is stupid because TQQQ outperforms". No shit, sherlock, the product with more leverage outperforms during bull markets Or inversely, if it was January 2023, I could use recently bias to claim "I sold all of my QQQ for JEPQ; look at the 2022 chart!"
I use SPYI or QQQI. JEPQ and JEPI are probably the most known though.
JEPI and JEPQ. Look at the dividend.
I'm quite similar right now. Target goals currently are 60% VOO, 20% SCHD, 15% O/JEPQ, and 5% high yield divs. Only have like 6 total holdings with $100k invested. I think tech is still the play. As we progress as a society tech only plays a larger and larger role. Anyway, my strategy is growth into dividends in about 10-15 years for early retirement. Currently 30. I understand the idea behind straight growth and sell off some gains, but since I also own 5 rentals I like the idea that if I can pull enough monthly income I don't necessarily care about growth as much. Pulling $10k/mo in divs is somewhat the same as gaining $120k/yr in growth. This way I'm less worried about market fluctuations and can stay afloat with income that serves the same purpose while also maintaining the underlying position.
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.
These options based ETFs (GPIX, JEPI, JEPQ) are pretty new. Not much history to them to know how they would handle different market conditions.
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)?
Yeah you’re right I think that’s also another reason I have SCHD and JEPQ recurring investing on and drop that way by the time I am close to retirement I’ll also have that.
Sell everything, make sure your job is unaffected by demand in any form and fashion, put it all in a mutual fund or JEPQ, and never trade again. That would be my recommendation.
Eh.....certain "real" brokerages like to play nanny and block you from buying certain stocks or ETFs (I can kind of understand why Merrill Lynch might block YieldMax ETFs, but you can't even by JEPQ or QQQI???). Also, I believe it's the only way poors like myself can get access to make trades on the Blue Ocean ATS.
See most of my portfolio is focused on tech so I’m trying to just build more into ETFs and mutual funds that are equally balanced. Some are stock heavy right now I’m focusing on VOO, SPYG, SCHG, and then I’m working on snowballing SCHD and JEPQ
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.
I do VOO and JEPQ in both retirements and my 401k
ETF like VOO, SPY, VT, JEPQ, QQQ, VYM are great options
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.
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.
Putting $500,000 USD into any boring ETF will dramatically make your life much easier. You could put it into SCHD or JEPQ and enjoy dividend income and taxes. You could put it into VOO or VDC. It isn't "never work again" money, but it is "make life dramatically easier" money.
It's ok. Breath take a deep breath and regroup. Stop taking home runs and start building long term. Look into investing and building a foundation. Looking into the magnificent 7 and xl sprds as your foundation. Once that is built Look into SCHD, QQQI, JEPQ and AGNC as low risk stable dividend stocks. When you are ready look into high risk dividend stocks such as BTCI, CVNY, MSTY, CONY. It's not the end of the world I promise just take a bit of time and you will get it back
need a small loan of a million dollars at a interest rate lower than 5% so i can dump it into JEPQ or similar dividend stocks and retire with my other passive income on top of that. pay it back with dividends and snowball the debt as much as possible and refinance when possible to keep more of those sweet sweet dividends
You are doing way to much and these are not high growth portfolio's at all. If you want high growth in ETF's just stick to JEPQ & QQQ. for the rest of your allocation: 1. follow some high quality growth stock analytical youtube channels 2. pick what you like 3. diversify among them
i dont want a lot, just a small loan of a million dollars, at a relatively low interest rate, that i can dump into JEPQ, and reinvest mass amounts over time since i really dont live on a lot, and sit and home so i can play fucking video games and make music all day bc i hate my life https://preview.redd.it/k9sxnu3d0olf1.png?width=750&format=png&auto=webp&s=00eb659ecb785dda179ada4a9470d5d13166ffce
Personally not a fan of dividends but I do SCHD JEPI JEPQ and VYM
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.
To get max premium and max time to compound those premiums. Ex. Last week I sold 7 strike collected 330 exp on 4/2026. 330 already compounding with JEPQ. Others are still waiting for maybe dimes each week to catch up.
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)
Talk to an investment advisor that understands risk management, passive vs active investing. Some look at JEPQ and think it's crazy. Some will trade derivatives. Get someone you understand and who understands you. Most charge 1% management fee. You have a few decades to go, so time is on your side. I know it seems you'er late to the game, but you're not. Timing the market: yes, it's possible. All top traders do it. But you need to spend time to understand macro and micro (per company) in the areas you're interested in. Do what your comfortable with and don't watch it everyday or it will drive you crazy. Once a week is good on longer term plays. Cramer says "Buy and homework, not buy and hold". That means just pay attention and don't be afraid to sell a position if you are down 8-10%. You probably got in at the wrong time. To that end - "Fundamentals tell you what to buy, charts tell you when to buy it." So learn both and you'll be fine. This market will go bullish until next year, then watch out below - "stairs up, elevator down." In the medium term get aggressive. Then start moving to more conservative positions in like 5-6 months from now. You can crush it. Just asking for help shows you're smart enough and work hard.
#1 -- establish a rainy day fund if you don't have it already #2 -- open a ROTH IRA if you don't have one already and contribute the max amount right now ($7000 for persons under 50). #3 Talk to a CPA about setting up a college fund for your daughter (assuming you want college in her future?) -- putting $30k in that might set her up nicely for college in 20 years #4 - open a brokerage account ideally with the same firm that you open your ROTH IRA with In terms of investments -- your ROTH IRA can basically do anything, and it will be tax-free. Your brokerage account should have tax-friendly investments in it like SCHD. Even doing all of this should still give you a nice chunk of change to start your investment journey -- you have 20-25 solid years to grow your investments. I like a 3-ETF approach of SCHD / SCHG (growth) / JEPQ (income) -- as this is a nice set of 3 investments that can be grown over time. Turn DRIP on in the ROTH IRA and Brokerage acccount. With the Trump administration being friendly to Crypto -- might be worth checking out a bitcoin ETF like BTCI.
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.
I am planning to do option trading on JEPI/JEPQ, any suggestions which can be more suitable for it?
I’m gonna assume you live somewhere like NY or CA and this is a W2. Your monthly take home is gonna be like 58k after taxes. Here’s what I would do 1) buy a place to live (nothing fancy needed). Do a 5/1 ARM with no prepayment penalty and pay extra principle to own it outright asap. Let’s call that 20k a month with PITI. If u own a place already with a low mortgage then ignore this and enjoy your 3%. 2) dollar cost average into an S&P 500 fund (post tax maybe 10k a month). Goal is long term growth 3) 10k into fixed income (bonds). Goal is capital preservation. 4) 10k into an income generating ETF. Goal is to have a source of monthly income for when the above cash cow dries up. 5) 8k for fun (travel/eating out/hobbies) These aren’t recommendations per se but examples of the above 2) VOO 3) Treasuries 4) QDVO, QPIX, JEPQ
Sony is not located in America so this indicates give us more money you fucking Americans because yall waist more time on video games than any country 🤣🤣🤣 Sell the PS5 and invest it into GPIQ or JEPQ right now
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.
If you want to take some risk, like I said, It’s not laughable at all. Take a look at JEPQ. Even at 4% you’re. At 200k. I’ll be fine at 200k or 500k. I’m a simple man.
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 have JEPQ which gives about 10% annual dividend and seems like a decent ETF
>When it comes to expense ratios of ETFs, is that something I pay? Like, if I buy a 50 dollar ETF, so I buy one share of it, and the expense ratio is .5, does that mean I'm paying 25 dollars on that purchase? (sorry if my math is horrible, I sucked at math in school lol). Basically, are there fees that I'm paying every time that I buy a share of an ETF? Expense ratios are fees that are taken out of the fund. So yes, you pay it, but not directly. It isn't a purchase fee. There are purchase fees sometimes, which to to the brokers. In the US we've largely moved to free trades. Expense ratios are taken out continually over time, which means you keep paying them. 0.5 is 0.5%, not 50%. But it has a lot more impact than you might think: https://www.bogleheads.org/wiki/How_much_do_you_lose_to_annual_fees_after_many_years%3F >Is Stash a good program to use long term? Or are there better apps/websites to use? It looks like you pay fees: https://www.stash.com/pricing Vanguard, Fidelity, Schwab, etc won't charge you any fees. >And can I switch my portfolio from Stash to another program, or how does that work? Yes, you would give your account information to the new broker and they'll handle transferring it over. You might pay an account closure fee. >I've heard good things on YouTube about high income ETFs like QQQI, BTCI, SCHD (not sure if that one is high income dividend?), JEPQ, etc etc etc. Are there things I need to be aware of about these kinds of ETFs that would inform me about the risk? YouTube incentives getting views, not presenting accurate information, and thus is a poor place to learn about most things. For a fund like SCHD, you need to be aware of https://www.investopedia.com/terms/d/dividendirrelevance.asp . For some of the others, what you're getting with a covered call strategy is income in exchange for losing the upside of gains; so the expectation is you'll make less than by holding the underlying funds. Once you get to the point where you've made your money and are withdrawing, it might be appropriate.
I have some JEPQ in mine. If it holds, it’ll be a nice little source of retirement income. But the better move is to build up enough shares of long term stock or ETF to sell your own CC’s. For example: if you own 100 shares of SPY, you can sell covered calls and safely make at least $30-$60 a day. That’s $9k-$15k a year, which is significantly more than your annual contributions.
Hi there, just a few questions: I'm fairly new to investing. I'm currently using Stash as it's a pretty user friendly/beginner friendly/lets you buy parts of shares as I'm not trying to buy whole shares every time. I'm wanting to get more seriously into investing as I'm 38, single, and don't really have any financial goals I'm aiming for currently (screw buying a house at this point lol). I'm wanting to save long term for retirement, but I'm also hoping to make decent income monthly off dividends. I know those two are kind of at odds with each other as you can get small dividends from a lot of growth ETFs, but higher dividends from income ETFs. I've been watching a lot of YouTube videos on this lately, though I take it with a grain of salt because, I mean, it's YouTube. So here are my questions: 1) When it comes to expense ratios of ETFs, is that something I pay? Like, if I buy a 50 dollar ETF, so I buy one share of it, and the expense ratio is .5, does that mean I'm paying 25 dollars on that purchase? (sorry if my math is horrible, I sucked at math in school lol). Basically, are there fees that I'm paying every time that I buy a share of an ETF? 2) Is Stash a good program to use long term? Or are there better apps/websites to use? And can I switch my portfolio from Stash to another program, or how does that work? 3) I've heard good things on YouTube about high income ETFs like QQQI, BTCI, SCHD (not sure if that one is high income dividend?), JEPQ, etc etc etc. Are there things I need to be aware of about these kinds of ETFs that would inform me about the risk? I know that they aren't growth ETFs necessarily and so I could buy in at 40 and it tank to 20 dollars per share, but I still get good dividends or what not. But what do you guys think about those kinds of ETFs? Thanks! I think those are my questions for now. I have 1000 I want to invest soon and I'm going to be splitting it between a few things. My initial thoughts was to buy some shares of Coke and put a little into Microsoft (I don't want to buy a lot of individual stocks, but these are fine to me. I'd rather do ETFs mostly), put about 200 into SCHD, maybe add 200 into my VOO investment (currently just doing 5 dollars a day into VOO), and then was wanting to split the rest around some of those high income ETFs. That way, I'm a bit more diversified, I have some growth ETFs, some income ETFs, and a couple individual stocks that are decently consistent. How does that sound to y'all?
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.
Primarily VOO and QQQM, but I also have JEPQ, a few CEFs and also QLD and SSO. I may dump SSO in favor of SPMO.
If you truly believe the market will go down, then you're better off staying on the sidelines. Good luck timing the market. JEPQ, QQQI, and GPIQ to varying degrees (JEPQ was the worst of the bunch) held up very well and were generating 11-14% yields when the market started to drift red and sideways in early 2025. Then when April happened, they went off a cliff like everything else. But, you kept earning income and accumulating shares. What happened is that the market recovered *fast*. Ideally, you want a slow, steady recovery. I like these funds, but they're for a very specific purpose. You want a nice fat dividend hedge against a flat or nearly flat market.
Look into some shares that have a Dividend to help make it back AGNC JEPQ JEPY SCHD
If you think of how the funds are structured (selling covered calls) you would realize that you are exposed to most of the downside (since the option position is worth relatively little), with the upside capped by the covered call. I've checked on multiple sources and they confirm that there's nothing special about SPYI and JEPQ. They both underperform their corresponding ETFs significantly since inception (17%+ cumulative since 2022) which is even more than expected given greater expense ratios. It's better for me to compound with higher annualized growth rate, and to be in control of when to take taxable events. I'm not sure being an old investor is any advantage here since you prefer dividends just because of the vibes, and seem to be less flexible in your thinking. You do you though.
Math tells me SPYI underperforms SPY since inception by about 17% since SPYI and JEPQ similarly underperforms QQQ. With dividend reinvested. So not sure what your point is?
Probably unrelated question: why do people like income ETFs like SPYI JEPQ , etc? They underperform their comparison ETFs and generate taxable events you can’t control.
Honest question: why JEPQ and SPYI? They underperform their underlying comparison ETFs. To me, it seems better from a growth and tax perspective to just own QQQ/SPY. Is it a psychological thing such that it’s easier to take a dividend rather than just sell some shares?
Income ETFS can be great if you understand covered calls and would just sell CCs yourself. I use JEPQ, TLTW for some specific purposes in the portfolio. But their total returns only perform well if you invest in them at right times which requires a lot of tracking. Anything MORE than that like Zero-day to expiration type ETFs will just blow you up in a downturn. It's no different than a "3x leveraged rebalanced daily". Does great in a flat to up market. Will absolutely go to minus 99.95% in a matter of weeks in a bear market.
VTI, JEPQ, SPYI 50:25:25 growth and income but my age and goals are likely different than you
In my long-term portfolio, I only own Nasdaq ETFs. Nothing on SPY. Not just QQQ, but high-yield, covered call ETFs on the NASDAQ, such as JEPQ, QQQI, FEPI, etc. The future is all in tech. I view Nasdaq as strictly superior to SPY, in my personal opinion.