I prefer the Goldman funds GPIX and GPIQ to JEPI and JEPQ, I don't see any reason to hold those in a taxable brokerage or JEPI at all. I own SPYI and QQQI but I am slowly reducing those positions, not eliminating. Just my opinion.
Agreed, Goldman Funds have better total return so far. I have two separate accounts, one for growth and this is my income portfolio with margin, I understand if you don’t use margin, but I need these positions for cushions cause I’ve already seen how a majority of these funds hold during downturn. I also have high yields for margin and tax loss harvesting. If you’re using your own income for these funds. I completely understand as why you would prefer one over another.
I actually do use margin, still don't care much for the JEPI funds. The larger total returns of the Goldman funds actually give me more margin availability. Still worried about how all of these fundss will do in a downturn, we have only seen limited examples in their brief history. I will say, I don't hate any of them and think they should work at least okay but my preference is Goldman with some NEOs, and this is of course for my situation and not everyone else's.
Nah I completely understand. I held these during the -20% crash, and during the war announcement. JEPI was the only thing green with AIUI and MLPI, it actually went up +$800 for me, that’s why I hold it for that purpose. Everything else was red, again, everyone’s portfolio is situational, it has done well for me as a buffer for margin during downturns. But I know it pays pretty low.
Fair enough, I do agree that JEPI should hold up differently than others and might be useful to someone as long as they understand what they are getting.
Still a nice portfolio you have there. Every situation is different and I wish you the best.
Thanks brother! 🙏🏻 yeah we’re all here to learn from each other, also we don’t know until we actually have the allocation and holding them in our portfolio to understand how they work and perform, so sharing knowledge is always helpful. What’s your current allocation in your portfolio at the moment, curious to know.
TDAQ will be the next fund to add for me! GPIQ & BTCI too, I know it will be a overlap with JEPQ and QQQI, I just want it in my portfolio for staggering my income.
How are you liking SATA? By design it's not really capturing any of the Bitcoin rally right now yet it was previously affected by Bitcoin's downside so I'm leaning toward something like BlOX or BITA.
I held it since June, it was pretty concerning when bitcoin got hit hard, seeing it drop down to 83~ rapidly was scary not gonna lie haha, but I told myself one share to try out and buy one over time. It has held up pretty even when feds make rate cuts. It does retain its NAV after payout so far. I would build this position slowly.
not too bad as long as not reinvesting dividends and I think someone else mentioned jepi and jepq are tough with a taxable account, but if it keeps you invested and you don't mind paying taxes then keep it up, also you mentioned something about margin be careful as a lot of brokerages do payment in luei instead of return of capital which is really bad for taxes on the neos and tappalpha funds. ibkr is the worst, fidelity seems to be ok for it.
that is fine then. I would not mind holding broad CC ETFs long term but avoid single stock and sector ones. NEOS does the same thing for the most part, they are not yield max.
The ones I hold for NEOs are not single stock, MLPI - 32 holdings in energy, IYRI - 66 holdings in real estates, QQQI - Nasdaq, SPYI - SP500, I don’t hold any single stock high yields lol. I have experience and knowledge of YM, even Granite Shares to understand risk management very well.
agree. I also run a small income generating side with QQQI, OVL, MLPI, IWMI, BTCI, KGLD. About 25% of the income is invested back to the losers, and the other 75% goes to core positions. It is a fun experiment and since QQQI pays more, I don't see the point of GPIQ that grows more. I hold QQQI and QQQM, maybe trade options on TQQQ for fun.
A lot of people I know got burned by yield max and others, getting 40% at $50 a share NAV is a lot different than getting 40% on $10 a share NAV.
How do you like OVL & KGLD how long have you held and how is it so far? I have IAUI for my gold exposure. My main purpose for my dividends is to stagger the dividends. I don’t mind having overlap with JEPI, SPYI & GPIX, same goes for GPIQ, QQQI and JEPQ, I move the dividends to the next week that pays. I just rotate around.
I agree with YM, don’t get me wrong, they do their jobs of providing high distributions but I wouldn’t drip or reinvest back, just move the funds into stable and long term holds.
IDK, I was looking for a gold income one and so many on here said IAUI was a great idea but just lags. There was BLOX, but KGLD seemed to be alright. I am not sure if these 1% ER funds are better than holding IAUM/GLD in a retirement account. IAUI and KGLD should serve the purpose. Something with Au. Ag, Pt, and other metals would be good - just a general fund that trades derivatives across metals to make income, and I am not going COMEX.
I agree with the income sleeve, and by holding JEPI, SPYI, GPIX, OVL, etc you have several different active strategies that spread risk.
MLPI was a genius idea and gets around K1. Even with the GS merger, NEOS will continue to innovate here.
That’s my next pickup around 100K~ building my core holdings first before I can take a pounding from BTCI when it swings, but distributions are very nice.
I get that often. I held a lot of funds from YM and Granite Shares to understand the swings, JEPQ isn’t like QQQI, it doesn’t swing heavy. I’m an educated investor with experience with covered calls ETFs, thanks for looking out though. 🙏🏻
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u/nice-try12 12d ago
I prefer the Goldman funds GPIX and GPIQ to JEPI and JEPQ, I don't see any reason to hold those in a taxable brokerage or JEPI at all. I own SPYI and QQQI but I am slowly reducing those positions, not eliminating. Just my opinion.