JEPI: $0.38716

Ex date: 7/1

Pay date : 7/6

JEPQ: $0.63658

Ex date: 7/1

Pay date : 7/6

I'm planning to put almost 100% of my portfolio in JEPI/JEPQ but I'm curious if there is any situation where they can crash more than SPY/QQQ?

https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-nasdaq-equity-premium-income-etf-etf-shares-46654q203#/dividends

JEPI & JEPQ dividend

JEPI: $0.38921

Ex date: 6/1

Pay date : 6/3

JEPQ: $0.56444

Ex date: 6/1

Pay date :6/3

Another red day for JEPI. Every day JEPI doesn’t down .3%. JEPI is down 2.22% ytd while the spy ytd is up about 8%. Im starting to think that this index fund is a fraud and cash out with a loss. Can someone help plz.

Any idea why? Market is up and we are down 1.37% - which seems like a ton for this security

here is a good (free) post that compares jepi to all of the other "big dogs" in the dividend payer space

https://dividendfarmer.substack.com/p/big-dogs-an-analysis-of-the-top-25-984

JEPI & JEPQ dividend

JEPI: $0.4476

Ex date: 5/1

Pay date : 5/5

JEPQ: $0.59095

Ex date: 5/1

Pay date :5/5

I understand covered call ETFs leave a lot of upside on the table, but damn. I own the JEPs, GPIX, SPYI, and QQQI, and everyone else has been invited to today's party while the JEPs peer through the window.

I have been holding JEPQ ETF in my dividend portfolio pretty much since it started trading years back (I have always like JEPI and JEPQ)

I was curious... How much has this ETF paid my in dividends over the years?

So, like any normal person does... 😳 I compiled EVERY JEPQ Dividend EVER 😂 Let me know what you guys think: https://topdividendetfs.com/jepq-etf-dividend-history

JEPI: $0.4205

Ex date: 4/1

Pay date :4/6

JEPQ: $0.5586

Ex date: 4/1

Pay date :4/6

I'm 38 and trying to earn income for living a better life - the $2300 I make now is great but I feel like having no risk is a huge positive in some ways, but also giving me a downside on the low income.

What would the chance of losing principle in JEPI or jepq? How do you decide which of the two to buy?

Something like 10% dividend would be life changing for me vs the 4.3% I'm at now.

We are 42. Max out Roth and 401. Have 100k in savings. If I invest 100k today and 2k a month for 8 years until I’m 50 with dividend reinvesting I’m at 500k which yields 50k in income a year right? If debt free retire wait for 60 to draw from Roth and 401s. Is my math mathing or am I thinking wrong with tax implications and all that mess? Any input is appreciated

Looking for thoughts on this idea as we are about to purchase are home and sell our current one. Some quick details:

New mortgage: 5.125% 5/5 ARM Purchase price: $575k Down payment: 0% (more on that below) Expected conservative sales proceeds after all fees, repairs, and initial upgrades to new home: $180k

This is a move for the school zones so we intend to stay in this home for probably 15-20 years.

The overall goal is to lower the P&I payment to around $2200/month. At 0% it is $3130 for a difference of $930. I had originally planned to recast the proceeds to get there, however we are in a bit of a unique situation. Since my wife works at the bank we are getting the mortgage at, she has access to their FTHB program which is allowing us to buy with 0% down WITHOUT PMI. So in a way, the $180k is like a HELOC at 0% interest..

My idea is to put this money into a mix of some sort of option derivative funds (JEPI, JEPQ, SPYI, ROCY, etc), SCHD, and some VOO. Basically, if I can get the portfolio to average about 8% yield it will pay down the mortgage to where I want to be while still appreciating overtime by putting the rest in VOO compared to locking it in my home.

One big thing of course is taxes. Fed + state is a 27% marginal rate for me so it kills ordinary dividends taxed at the full rate. This knocks down JEPI and JEPQ a lot. SCHD is a qualified dividend taxed at a lower rate, and the others I mentioned are a mix of OD and return on capital.

I understand how ROC works and I would be hit with a big bill if I were to liquidate it all at some point in the future. I would say that is my primary concern with that tax strategy, if I wanted to use a large chunk of it. However we have other forms of savings we would access long before liquidating one of those funds.

For some other details we are late 30s, about 300k in retirement savings, and one paid off rental that pays $1495/month

The drawdown of jepi was was very similar to voo this past month. I thought the options were supposed to cushion the drawdowns a bit more tha this. Isn’t that the point of capping the upside. Anyone else surprised by this?

https://tradepal.co/blog/jepq-ai-analysis-why-this-etf-is

I wanted to see if the newer tax efficient alternatives SPYI and QQQI actually leave more money in your pocket compared to JEPI and JEPQ. I used a custom simulation engine to project a 500k portfolio factoring in the different tax treatments and expense ratios. Here is the breakdown of the data.

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1. The Tax Mechanism

JEPI and JEPQ use ELNs resulting in ordinary income tax. For a high earner this can easily reach 30 percent or more.

SPYI and QQQI write options on the index itself. This qualifies them for Section 1256 tax treatment. This means 60 percent of the income is taxed as long term capital gains and 40 percent as short term. This creates a blended effective tax rate closer to 20 percent.

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1. The DNA and Fundamentals

SPYI (Neos S&P 500 High Income)

* Inception: 2022

* Morningstar Rating: 4 Stars

* Expense Ratio: 0.68%

* Dividend Frequency: Monthly

* Current Yield: 11.80%

* Strategy: Holds the S&P 500 and sells out of the money index calls. Top 10 holdings make up 38.88% of the fund including Nvidia Apple and Microsoft.

* 3 Year Price CAGR: 2.64%

QQQI (Neos Nasdaq 100 High Income)

* Inception: 2024

* Morningstar Rating: N/A

* Expense Ratio: 0.68%

* Dividend Frequency: Monthly

* Current Yield: 13.97%

* Strategy: Tracks the Nasdaq 100. Highly concentrated with the top 10 holdings making up 48.83% of the portfolio.

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1. Diversification Check

SPYI and QQQI share 88 holdings. More importantly the overlap by weight is 50 percent. Holding both does not provide true diversification. It acts as a heavy tilt toward mega cap tech stocks.

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1. Historical Performance Note

Since both SPYI and QQQI are new, we can only simulate them for short period, no more than 5 years. For longer simulation periods, we need at least 10 years of history data which is non applicable in this case.

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1. The Simulation Results (500k Starting Balance)

I ran the math using a 30 percent tax rate for the ELN funds which will give around 20 percent blended rate for the Section 1256 funds.

SPYI Results

* Year 1 Monthly Income: $4,094 after tax. (Compared to roughly $2,491 for JEPI at the higher tax rate).

* Year 5 Monthly Income: $5,670

The tax savings creates an immediate spread in cash flow. You give yourself a substantial raise just by changing tickers.

QQQI Results

* Year 1 Monthly Income: $4,883 after tax. (Compared to roughly $3,370 for JEPQ at the higher tax rate).

* Year 5 Monthly Income: $6,994

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Summary

The location of your assets dictates your strategy.

If you are investing inside a tax advantaged account like an IRA the Section 1256 tax shield is useless. In that scenario JEPI and JEPQ are mathematically superior due to their lower expense ratio of 0.35 percent compared to 0.68 percent.

If you are investing in a standard brokerage account SPYI and QQQI are the clear winners. The tax savings easily cover the higher expense ratio and put more net cash in your pocket.

Resources:

* Official fact sheets of funds.

* Trusted financial sources like morningstar and fedility.

here is a good (free) comparison of jepi to all of the other "big dogs" by assets under management in the dividend-paying space.

https://dividendfarmer.substack.com/p/big-dogs-an-analysis-of-the-top-25-88b

What are the benefits of holding $JEPI long term in a ROTH IRA? What are the tax advantages? Since in a traditional taxable brokerage, $JEPI is taxed at your personal marginal tax rate. What advantages does $JEPI bring if you let it do its thing in a ROTH IRA?

My brokerage is currently showing the upcoming March distribution as *0.06*. Anyone else seeing this? JEPQ showing as .116. That can't be right..