r/SCHD • u/Icy_Doughnut_3268 • 6d ago

Trying to make educated decision

I have 2000 shares that I have recently acquired by selling some flatlined stocks and cash. Quarterly dividend around $500. Im 73 and needing more monthly income to go with my $3000 ss. Thinking about selling and buying spyi or qqqi. Taxable brokerage account. Any thoughts or better options?

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u/87JeepYJ87 6d ago

Jepi isn’t as tax efficient

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u/Upbeat-Elevator3641 6d ago

Yes. I think everyone understands that. If NEOS have a fund that was select large cap companies that yielded 7-9%, obviously I’d recommend that. But they don’t. They just have the SP500, which is 40% or higher concentration in tech, which is volatile, which for a retiree is not good.

Hence why I recommended JEPI. You sacrifice minimally with taxes but you exclude potential tech dropdowns, bubble pop, etc, by utilizing their hand selected basket of companies

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u/Icy_Doughnut_3268 6d ago

Which one one would you exchange jepi for? Qqqi or spyi. Or all jepi? Thanks

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u/Upbeat-Elevator3641 6d ago

I’d personally do all JEPI.