JEPQ
J.P. Morgan Nasdaq Equity Premium Income ETF
stock NASDAQ ETF

JEPQ is not tax friendly... best to go with QQQI or EPD, or any qualified dividend etf/stock.

BTCI, NEHI, spyi, pffa, pbdc, and mlpi. JEPI and JEPQ are terrible compared to spyi and qqqi, at least tax wise. bito is worse than btci. skip individual securities. They will be worse than covered call s&P 500 or qqqi.

I do with CC ETFs. Not that many, at least not right now, but I hold about 25 right now I think. Common names - all high income NEOS, JEPI, JEPQ, QDVO, DIVO, IDVO, KQQQ, MDST, WEEI, BAGY, GPIQ, GPIX, the list goes on! To “manage” it, I only buy 25 shares of each and use the distributions to buy other funds I think look good. Figure I’ll get to about 50 then see what sounds good. Maybe consolidate down, maybe go to 100. I’m just having fun building an income stream. A bulk of my investing is in retirement accounts, simple ~75% US ~25% INT.

I own JEPQ in both, ROTH and taxable accounts. Will be adding GPIQ to my ROTH this year, been following it, it behaves very similar to JEPQ, and a cheaper to get started.

House repairs are getting more and more expensive, especially rentals. With a good ETF like JEPQ you don’t have that problem, yes, there will be ups and downs, but you are not going to have thousands of dollars in repairs every other year. I have owned a rental, so I know. I also own JEPQ.

Compare it to JEPQ FWIW. I find GPIX and JEPQ, with QQA go pretty well together…. Have a couple others too like DYLG, which isn’t super know yet.

I hold all three good ones JEPQ, GPIQ, and XYLD which makes no sense but hey pay me tech Covered calls ETF’s. I think GPIQ is solid divvy Upper

Look at these ETFs, for **both price growth and yield income.**
These ETFs dividends pays out each month and can be either reinvested (recycled back into original investment} or used for income.
* **GPiQ,** 9.86% Yield(TTM) , total Return 1 year 20.23%
* **QQQi,** 13.8% yield (TTM), total Return 1 year 16.3%
* **SPYI,** 11.63% Yield (TTM), total return 1 year 13.69%, 3 years avg returns 15.2.1%
* **JEPQ,** 10.32% yield(TTM), total return 1 year 14.9%
* **QDVO** 9.96% yield (TTM)**,** total return 1 year 20.86%
* **IDVO**, 5.3% Yield (TTM), **total return 1 year, 31.4%**
Highest Yield income ETFs, **but growth is secondary.** These pay out **weekly or monthly.**
* **FEPI,** 25.7% yield
* **XPAY**, 21.2% yield
* **MAGY**, 23.8% yield.
Good luck.

Slightly underperformed QQQ but still much better than JEPQ.
https://totalrealreturns.com/n/VOO,GPIQ,QQQ,JEPQ
Note: past performance does not guarantee future results

They’re not all bad. Take a look at this comparison of QQQ vs various QQQ-derived covered call funds https://totalrealreturns.com/s/QQQ,QQQI,QDVO,KQQQ,JEPQ,GPIQ QDVO handily beats QQQ in total return with dividends reinvested

JEPQ produces regular dividends. So you would pay taxes on the dividend. JEPQ is rater unique among covered calls funds for producing regular dividends. I would instead use QQQI which produces ROC dividends. This means you don't pay taxes on the dividend income for about 6 years. During that time the dividends will reduce your cost basis for the shares. Once the cost basis reaches zero your dividends are taxed at the capital gains rate which is still less than the tax on JEPQ dividends. In addition to that you get a higher yield of 13%.. So for QQQI in a taxable account it is a very good move.

I have a plan to create an income portfolio of a couple dividend stocks and cover calls ETFs like JEPQ or QQQI, and then use all of the monthly income to DCA into bitcoin.
This feels like a good way to DCA into bitcoin. Psychologically it feels like I’m playing with house money (feelings can be deceiving).
I know I could just buy bitcoin, and I understand the illusion of dividends. But is there any real economic value besides the psychological in this strategy? Any potential downsides?
What do you think?

JEPQ

Honestly, I use CC ETFs to give me enough to pay monthly bills. I have regular ETFs and stocks, but JEPQ JEPI and GPIQ give me that cushion I need.

I will buy more QQQI and JEPQ when there is a pullback. Did add more XCCC because I am very impressed how stable it is during volatility.

I’d say add QQQI(around 14%), JEPI(around 8-9%, JEPQ(around 10%) and there are a few others.
QQQi is up positive for the year, with the 14% dividend on top of it. If you caught it in April, youd be up 24% + 14% dividend for a total of ~38%. Dividend is paid monthly. Id probably DCA into it in case it does go down again with qqq, that way you could catch the dip and come out even better like april.

You'd have to look at the annual reports from each ETF or company. Buried in there they'll tell you how much of the distributions are classified as what. But that will be for the prior year. Funds like JEPQ and such aren't exactly the same each year. So, in short, for ETFs, there's really no way to know how the distributions are classified until the end of the year. Some release a 19-a, but that's a guess and isn't actually reliable.
For individual companies paying dividends, you just really need to know the type of company. REITs, BDCs, and MLPs aren't typically qualified dividends, but I think most of the others are.

On Schwab’ s history tab, I can see that the Ford (F)dividend is qualified but JEPQ is Non-Qualified. It’s in my tax advantaged account so no big deal. Where can I see this “before” for my regular brokerage account?

Unless you’re a retiree, or have a very specific strategy in-mind, it doesn’t make a whole lot of sense to buy high yield dividend funds.
If you still want such a thing, check out JEPI or JEPQ.
Alternatively, FDVV offers a nice balance of high quarterly dividends with decent stocks. Its top holdings include Nvidia, Apple, Microsoft, Broadcom, and JPM. It even outperformed the S&P500 over 5 years so long as one reinvested the dividends.

That's why I'm heavy in CC ETFs right now, too. My portfolio is about 40% CC ETFs (QQQI, SPYI, JEPI, JEPQ, GPIX, etc.) then another 40% is in dividend and dividend growth ETFs (SCHD, DGRO, VYM, and VYMI). The remaining 20% is in growth.
Once I get to the monthly income I need to pay my bills without having to work, I'll stop buying the CCs and put more into the dividend and growth ETFs. Hoping to be there in about 5 more years if all goes as planned.
OP, one way to mitigate the tax drag on CCs is to buy them in a Roth IRA. You'll be limited in how much you can contribute each year ($7,500 or $8,600 if you're over 50), and there are rules on when you can withdraw without penalty, but there is no tax on all those distributions within your Roth.
For me, I'm maxing out my Roth with the same mix I mentioned above, then putting anything else I can into my taxable account for monthly income now. Once I turn 59, the monthly income I make in my Roth will just be icing on the cake that I can use if I need it, or let it DRIP if I don't.