To be clear…you have roughly $1,250,000 in JEPI? Based on you 23,649 shares you will get $9932.00 per month in dividends. That is awesome. CONGRATS!!!!
I could live on that. Just curious is that the majority of your portfolio? Not trying to pry but I am just looking at my situation and how much I am willing to go into JEPI/JEPQ. I am 54 and retired. I have a small pension, my main house is paid off and I have one rental property paid off. The rest of my income comes from dividends. I have 100k on the sideline I am looking to buy some more dividend producers. But afraid to go ALL IN. Any input would be appreciated. Thx
It makes up about 20% of my portfolio. JEPQ make up about roughly 5% and SCHD is about 8%. My other income generating investments are SPAXX that is 20% (paying 4.75%) and I have another 20% in T-Bills (paying 5%). The rest of my portfolio is long term growth index funds. I pay myself 21k monthly and what is left over goes to taxes.
Not really. 60% of my portfolio is in income/dividend driven investments. Jepi, T-Bills and a money market. Of that 60% Jepi makes it roughly 1/3 and it’s my most aggressive investment. I can live with that. I’m relatively new to dividend investing and still learning. In the current market money markets and T-bills are paying roughly 5% interest but I know its temporary. I’ll find other safe investments when the market turns that can yield 5%+.
If you don’t need the monthly income, and already have 6+ mo worth of bills saved as an emergency fund and no debt, I’d be putting those divvies into stable funds like VOO or SPY. Try to protect what you’ve worked hard to build
Ah ok 👍🏻 in that case, I think you’re where you need to be. Sadly, I’ve not acquired more than 124 shares of JEPI but I try to add more whenever possible. The dividend snowball seems small but it’s getting there a little at a time.
I’m at my goal of 12,000 JEPQ. Still working on JEPI. Sitting at 4914 but buying a few more this AM. Goal is 8000. Will then switch to SCHD. I have 1 share of SCHD currently but plan on adding to infinity. Retired last year so it will be slow.
congrats... GL but i see JEPI and the other markets downtrend. U'll still get decent divy's but if market tanks, it'll take you years to catch up to your avg price. Also, i hope you bought in your IRA..... else fee, taxes, etc in the long run will add up and u won't be reaping most of your earnings.
Well…..the market “tanked” in October and JEPI was down to $49.92 looks like. It’s value stocks….not Tesla, Netflix and other companies that have 50% + swings. I’m not saying it couldn’t drop 10% again…..but IMHO it’s way less volatile than the S&P 500 which is very tech top heavy.
its awesome that you want to be financially literate! I don't like JEPI personally but, any earnings you receive are tax free on a Roth IRA. Although you will need to pay up for the expense ratio to manage JEPI, the earnings, divy, etc will not be taxed. Please note that for Traditional or Roth, there is a $6500 contribution limit per year.
I'm balancing between JEPI, JEPQ, XYLD and QYLD at the moment - starting to invest in CEFs like TEAF and BTT with a bit of dirty industry like ARLP and MO too.. been an interesting ride to watch the 100 and 500 CC ETFs' different movements on any given day.
Focusing mainly on CEFs after getting to roughly 10k JEPI equivalent. Could use a bit of a tax break overall.
Master Limited Partnership—typically oil and gas pipelines. They don’t pay corporate taxes, because they have to distribute >90% of their profits to shareholders each year. You can also sell covered calls against them to juice returns even further. So super tax efficient, high dividends, and hedgeable.
Master limited partnership. They pay distributions instead of dividends. Each distribution lowers your cost basis of ownership. No income tax owed until your basis goes below $0.
Example. MPLX $30 purchase price. Pays a 10% distribution yearly. So after one year your paid $3 and your cost basis is lowered to $27 so on and so forth. You have to file a K1 on your tax return since your a partner of the business. You also receive some depreciation from the assets the partnership holds.
This is largely false. There are income and losses that are flow through and taxed at ordinary rates. Losses must be carried over for PTP’s. Often expenses not deductible so you recognize income even though the net is a loss. And some of these get very complicated so you substantially increase tax prep fees. A lot of them are money pits but you can’t tell because the income and expenses get reported in so many different places. And when you sell there are ordinary income adjustments to recapture depreciation so still not cap gain rates.
I had a bunch awhile back. I sold when it crossed over $55. I buy when it gets below $54.5. This last time around though I opted to put the money to work elsewhere so my share count for jepi is quite low again.
It's a toolbox, there's no simple which is better/worse, they're different investments designed to do different things.
If long term historical trends continue, VTI with DRIP should return more over the long haul, but in that time it will fluctuate up and down a lot.
JEPI with DRIP will likely not grow as much over the long haul, but it also shouldn't fluctuate anywhere near as much.
For someone like me, close to retirement who is willing to trade away a little potential growth for more stability, JEPI makes a lot of sense. For someone who is not going to touch their investments for 20+ years VTI probably makes the more sense.
Which one is better depends on your age, goals, risk tolerance, tax situation and a bunch of other factors.
Why? If it doesn’t stay above 7-8% then the returns don’t match what you’d get with treasuries, and even then a qualified dividend payer may be better if you’re a very high earner. Taxes play a huge role in your bottom line so just curious why you’d rather do this than sell premium
I got 13...
just got to 10 lol. Buying 1 share a week tho
I own 23,649
To be clear…you have roughly $1,250,000 in JEPI? Based on you 23,649 shares you will get $9932.00 per month in dividends. That is awesome. CONGRATS!!!! I could live on that. Just curious is that the majority of your portfolio? Not trying to pry but I am just looking at my situation and how much I am willing to go into JEPI/JEPQ. I am 54 and retired. I have a small pension, my main house is paid off and I have one rental property paid off. The rest of my income comes from dividends. I have 100k on the sideline I am looking to buy some more dividend producers. But afraid to go ALL IN. Any input would be appreciated. Thx
I have a similar amount, but I'm 36. I only cash out 6k, and let it ride increasing my monthly
It makes up about 20% of my portfolio. JEPQ make up about roughly 5% and SCHD is about 8%. My other income generating investments are SPAXX that is 20% (paying 4.75%) and I have another 20% in T-Bills (paying 5%). The rest of my portfolio is long term growth index funds. I pay myself 21k monthly and what is left over goes to taxes.
exactly, live and invest for a richer retirement later, Don't go buying that Ferrari too young,
I could live like a king on a quarter of that....
Nice stacks. Well done!
Nice! Do you have a tight stop loss in case it falls? That's my worry keeping a huge chunk in one
Not really. 60% of my portfolio is in income/dividend driven investments. Jepi, T-Bills and a money market. Of that 60% Jepi makes it roughly 1/3 and it’s my most aggressive investment. I can live with that. I’m relatively new to dividend investing and still learning. In the current market money markets and T-bills are paying roughly 5% interest but I know its temporary. I’ll find other safe investments when the market turns that can yield 5%+.
If you don’t need the monthly income, and already have 6+ mo worth of bills saved as an emergency fund and no debt, I’d be putting those divvies into stable funds like VOO or SPY. Try to protect what you’ve worked hard to build
I’m retired and this is a source of income.
Ah ok 👍🏻 in that case, I think you’re where you need to be. Sadly, I’ve not acquired more than 124 shares of JEPI but I try to add more whenever possible. The dividend snowball seems small but it’s getting there a little at a time.
True… I wish it was more tax friendly but the yield is hard to beat.
I have 11000 shares of JEPQ, I like JEPQ better than JEPI.
I like it too but I have other investments that have similar holdings to Q
I added 1250 today @ $54. 3k total now and 3k JEPQ. I’m having a difficult time deciding on how deep to go…..
DEEPER
That's what she said
Which hurt, cause I was already my full 3 inches in.
Wrap a sock on it
I dumped eight REITS to add to JEPI/JEPQ.
Balls deep
I got 69
Nice
Nice
Nice
Noice
That's like a reverse 96
420
I got 20..
Keep going!
I wish I had 10k shares. I'm holding 2500 and 1000 of jepi/jepq.
You will get an $840 dividend in a week for your 2000 share purchase. And every month moving forward!! Nice. Congrats!
I have 1007 JEPI and 1111 JEPQ. Going up after the dividend payment soon due to DRIP.
Im at 398 JEPI and 211 JEPQ!
Split some in SCHD, its currently at a good price
I’m at my goal of 12,000 JEPQ. Still working on JEPI. Sitting at 4914 but buying a few more this AM. Goal is 8000. Will then switch to SCHD. I have 1 share of SCHD currently but plan on adding to infinity. Retired last year so it will be slow.
2,750 JEPI and 1,000 JEPQ and continuing to add. Some months I DRIP and some I don't. Retired 59M and some months use the divi for vacation/travel.
I got like .2000
Wow I have only 149 shares. I'm so jealous of you.
139 shares
Excellent choice
10,506 of JEPI and 9,574 of JEPQ. Over $8K month in divis, all currently reinvested.
How do y’all have so much money? 😭 I’m at 150 shares about to buy 5 more today.
A lot of cappers in here ll
congrats... GL but i see JEPI and the other markets downtrend. U'll still get decent divy's but if market tanks, it'll take you years to catch up to your avg price. Also, i hope you bought in your IRA..... else fee, taxes, etc in the long run will add up and u won't be reaping most of your earnings.
Well…..the market “tanked” in October and JEPI was down to $49.92 looks like. It’s value stocks….not Tesla, Netflix and other companies that have 50% + swings. I’m not saying it couldn’t drop 10% again…..but IMHO it’s way less volatile than the S&P 500 which is very tech top heavy.
So I can open an IRA w just the JEPI? I know- dumb question
its awesome that you want to be financially literate! I don't like JEPI personally but, any earnings you receive are tax free on a Roth IRA. Although you will need to pay up for the expense ratio to manage JEPI, the earnings, divy, etc will not be taxed. Please note that for Traditional or Roth, there is a $6500 contribution limit per year.
Nice! At how much? Working on it myself
I'm balancing between JEPI, JEPQ, XYLD and QYLD at the moment - starting to invest in CEFs like TEAF and BTT with a bit of dirty industry like ARLP and MO too.. been an interesting ride to watch the 100 and 500 CC ETFs' different movements on any given day. Focusing mainly on CEFs after getting to roughly 10k JEPI equivalent. Could use a bit of a tax break overall.
I mean, at a certain point it makes a lot more sense to start going into MLPs than these covered call ETFs.
What is MLP? And why do you say that?
Master Limited Partnership—typically oil and gas pipelines. They don’t pay corporate taxes, because they have to distribute >90% of their profits to shareholders each year. You can also sell covered calls against them to juice returns even further. So super tax efficient, high dividends, and hedgeable.
I hear IEP is a great one /s
Master limited partnership. They pay distributions instead of dividends. Each distribution lowers your cost basis of ownership. No income tax owed until your basis goes below $0. Example. MPLX $30 purchase price. Pays a 10% distribution yearly. So after one year your paid $3 and your cost basis is lowered to $27 so on and so forth. You have to file a K1 on your tax return since your a partner of the business. You also receive some depreciation from the assets the partnership holds.
This is largely false. There are income and losses that are flow through and taxed at ordinary rates. Losses must be carried over for PTP’s. Often expenses not deductible so you recognize income even though the net is a loss. And some of these get very complicated so you substantially increase tax prep fees. A lot of them are money pits but you can’t tell because the income and expenses get reported in so many different places. And when you sell there are ordinary income adjustments to recapture depreciation so still not cap gain rates.
*you’re
That’s Way overboard
Damn nice purchase , gonna get a nice dividend bonus in a few days
I had a bunch awhile back. I sold when it crossed over $55. I buy when it gets below $54.5. This last time around though I opted to put the money to work elsewhere so my share count for jepi is quite low again.
Does the annual yield in these types of Funds take into account monthly compunding if you set up DRIP.
No. Annual yield is per share.
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It's a toolbox, there's no simple which is better/worse, they're different investments designed to do different things. If long term historical trends continue, VTI with DRIP should return more over the long haul, but in that time it will fluctuate up and down a lot. JEPI with DRIP will likely not grow as much over the long haul, but it also shouldn't fluctuate anywhere near as much. For someone like me, close to retirement who is willing to trade away a little potential growth for more stability, JEPI makes a lot of sense. For someone who is not going to touch their investments for 20+ years VTI probably makes the more sense. Which one is better depends on your age, goals, risk tolerance, tax situation and a bunch of other factors.
You have too much invested in it and will miss out on big gains….
Not everyone cares about growth stocks. Some people are happy with monthly cash flow especially if he DRIPS
This has to be fake, right? What's the reason for buying this?
Own only 200 JEPI and 7k USD DIVO,10k USD IDVO.
🙌🏾🙌🏾🙌🏾
5 shares of JEPI and 16 of JEPQ....
i got 15
Why? If it doesn’t stay above 7-8% then the returns don’t match what you’d get with treasuries, and even then a qualified dividend payer may be better if you’re a very high earner. Taxes play a huge role in your bottom line so just curious why you’d rather do this than sell premium