JEPI
JPMorgan Equity Premium Income ETF
stock NYSE ETF

JEPQ and QQQI are basically the same holds, with different tax implications (hold Nasdaq100 and write ELNs or options contracts)
What does everyone think about the mix of SPYI, QQQI, JEPI ?
SPYI and JEPI each have different positions/weightings.
https://neosfunds.com/spyi/
https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-equity-premium-income-etf-etf-shares-46641q332#/portfolio

You left out that many reddit subs by nature are echo chambers where conventional wisdom becomes gospel regardless of whether it's correct or not.
Investing subs attract logical people who use research and analysis to form their opinions and aren't afraid to speak up if they disagree with the conventional wisdom.
I have an overweight % of my portfolio in divided stocks. I'm not a dividend hater. I've been on this sub for the better part of 10 years and if we're being honest, it's one of the worst subs to get investment advice. It's mostly just people pimping whatever stock they own (SCHD, JEPI, JEPQ, Yieldmax).
Or it's posts like OP whining about the fact that some people disagree with their strategy. And to be fair, a dividend heavy strategy is financially sub-optimal compared to growth for people who don't need immediate cash flow. But I'm sure people will call me a hater for saying that.

I have been a ETF growth oriented investor and it has served me well. However, this year, I sold half my SPY and QQQ. My basis was under $70 for SPY and under $50 for QQQ. It was evenly split between a taxable account and IRA. I invested the proceeds in JEPI and JEPQ. So, I keep some growth exposure but cap the upside by selecting income from both using a derivative product.
I am not saying there is anything wrong with a dividend strategy. Your investment strategy should match your investment objectives and your level of understanding of investment products. My background is in finance and options, ELNs and futures trading is within my visibility for my investment strategy.
This is not a recommendation of JEPI or JEPQ. It is just to say there is another way to garner income.

I don’t necessarily disagree with you, but one point I’d make is that JEPI is not that great. The JP Morgan fund managers of JEPI & JEPQ have really been incompetent the way they structure their funds. A lot of times when the market goes up these two funds go down.

I just started to get my life really together in the last year or two and now I’m making a comfortable living and beginning to save and learn how to invest.
My only debt is my mortgage.
I’ve accumulated $31K in a HYSA, $3,100 in Robinhood (SPY, LMT, JEPQ, JEPI, SCHD, VOO, AAPL), $24,500 In 401k, $10,000 in a savings account for emergency fund, and a HSA with $1,000.
I just accepted a job in Europe where my living will be paid for, along with a 10% increase to salary, goods and services premium pay, and an annual $10,000 bonus tax free. So I’m looking at around $113,000 maybe.
Looking at around $1800 a week after all is taken out. Probably going to travel while I’m over there with my wife to enjoy our young years.
I feel like I started very late, but I’m optimistic. What are some good resources to read up on investing and dividends other than Reddit? Any good book or podcast recommendations?
If you have any recommendations on what you would do in this situation, I’m always open to listen so I can contemplate and think about things. But I would overall like to get to a point where I’m reaping the benefits of dividends monthly and possibly retiring early.

$NVDY, $MSTY, $TSLY, $O, $OARK, $JEPI are my current holdings.

You have made me concerned. With cheaper stocks it'd be easier to let it DRIP faster with more shares than buying a more stable stock at $500 or whatever like JEPI. I'm not expecting the cheaper stocks to triple in value so any added is a bonus I just hope they stay stable before retirement, I just started a Roth and have several years until retirement so I was hoping it'd be a safe bet, then when I retire use the dividends on hopefully the large number of shares I'd have by then.

I plan on having JEPI or JEPQ in my Roth. With SCHP

I never said they were bad funds. I said I do not like them. There is a difference there.
You said the 4 competitors will probably outperform in the long run…that’s true. But did you forget about the short term? All 4 are already significantly beating JEPQ & JEPI the last 2 months, the last 6 months, the last year and the last 1 1/2.
For me personally, I like making as much money as I can. Gains for these funds are dividends (reinvested) plus share price. It’s a no brainer that QQQI and GPIQ blow JEPQ away in almost every way. Over the last year (365 days) QQQI & GPIQ have an extra 7%+ gains over JEPQ….that says it all. But if you still like JEPQ then that’s totally cool too.

I think you're being a little harsh. JEPQ, and JEPI are not bad funds at all. I don't like the way they use ELN's to implement the options strategy. It's not flexible at all, but not terrible. Agree with your assessment that SPYI, QQQI, GPIQ, and GPIX are probably going to outperform in the long run. Personally I like to own a mix of the 4. Usually 50/50 like GPIQ/QQQI. NEOS focuses very heavily on income, and the options strategy GS uses focuses on growth very nicely. So having the combo GPIQ will drag your price appreciation up, and QQQI will drag your yield up.

I think you’d get closer to around $850 per month in dividends assuming it’s 14% yield stays the same. I think it’s a great idea. I like QQQI, SPYI, GPIQ & GPIX a lot due to their lower tax treatment and their reliably high monthly dividends.
I do not like JEPQ or JEPI. Both funds significantly underperform their competitors mentioned above. The two JP Morgan funds have a fundamentally flawed system the way the funds are set up. They also have incompetent fund managers. You will run into a lot of JEPQ and JEPI fanboys on here, but run the numbers and you’ll see you can earn anywhere between 7% and 10% more per year, owning the competitors.

Why no JEPI? Too small of a yield?

IQQQ and JEPI

I’m considering a strategy. I already have about $20K invested in MSTY, which brings in nearly $2,000 in monthly dividends. I’m thinking about using my Margin Total of $22K to buy more MSTY, bringing the total investment to $42K. The plan would be to use the dividends from the full position along with the $3,000 I add to MSTY each month to pay off the margin in about four months. Is this a solid approach?
My long-term goal is to build up to a $100K investment in MSTY, aiming for around $10K in monthly dividends. After reaching that target, I plan to start reinvesting those dividends (10k) into more stable ETFs like SCHD, VOO, JEPI, QQQM, JEPQ, and QQQI for long-term growth and diversification. I also have a Roth IRA with about $14K fully invested in VOO to complement this strategy.

JEPI has distributions that are primarily taxed as ordinary income. I hold this in our retirement account.
SPYI’s distributions from 2024 were almost 95% Return of Capital which defers the taxation and lowers your cost basis. I hold this in our taxable account.

JEPI vs SPYI

28m turning 29 in November, started my Roth IRA in May 23, went through a hiatus but back to maxing it out (which to my understanding is $583.33 per month or $7000/year).
Additionally, yesterday started my dividend portfolio in an individual brokerage account on Schwab.
My question is regarding reinvesting dividends from higher yield ETFs into more stable ETFs like JEPI and SCHD while keeping monthly contributions solely to the higher yield ETFs, and one question regarding taxes.
A. Does this make sense?
B. Can you tell idk what the f I’m doing?
C. When the tax man comes around, isn’t it easier to use dividend income to pay? and just manually reinvest the dividends yourself instead of auto-reinvest? For example reinvest all dividends from April-October and withdraw 3 months of dividends to pay Uncle Sam in February?
Any advice is greatly appreciated.
Thanks guys, happy Thursday.
JR

I don't "hate" dividends. I collected $63,896 in dividends in 2024. I don't "hate" dividends.
>We are here to talk about dividend growth and income investing
Yes, you're right. That is the purpose of this sub. "A community by and for dividend growth investors."
The problem is, many of the people who come here are young people - under 20 years old even - with little money to invest, who come here maybe after watching a YouTube video about dividends, who think they are going to be able to retire before 40 by investing to create dividends *now*, so they choose investments to try to squeeze $1 a day out of their tiny little portfolios, then $2 a day, thinking the "dividend snowball" is going to carry them to an early retirement.
I don't "hate" dividends. I collected $63,896 in dividends in 2024. I don't "hate" dividends.
But as we know, or should know, to make enough dividends to retire on, not just $1 or $2 a day, with a reasonable yield and a low amount of risk (i.e. not YieldMax), it takes a large portfolio. At least 6 figures (hundreds of thousands), 7 figures (millions) is even better. It's simple math.
Desired annual dividend income / decimal version of dividend yield = necessary portfolio size
Say you want to collect $50,000 per year in dividends. If you want to do that with JEPI and its 7.79% yield
$50,000 / 0.0779 = $641,848 required portfolio size
If you want to collect $50,000 per year in dividends with SCHD and its 4.03% dividend yield
$50,000 / 0.0403 = $1,240,695 required portfolio size
It's math.
Now, how is a 19 year old with a $1000 starting portfolio going to get to $641k or $1.2 million before they are 40? By investing in KO and PEP and JNJ and SCHD with a goal of making $1 a day at first, then $2 a day?
No.
So when those hordes of young people with dreams of early retirement come to r/dividends and *ask for help*, I'm going to tell them to focus not on making $1 a day in dividends, but to focus instead on *growing their portfolio* first so later on they will have enough capital to invest in dividend payers to produce dividends with a safe and reasonable yield.
So I will tell *them* - not you or the other people here to talk about dividend growth growth and income investing - to invest in things like SPLG and SCHG and QQQM, not because I "hate" dividends, but to give those young people who are just starting out the best possible advice, coming from a millionaire with over 30 years of investing experience. I do that because I am very grateful that I received good advice when I was younger and I want to help young people the way I was helped. Not because I "hate" dividends. I don't "hate" dividends. I collected $63,896 in dividends in 2024. I don't "hate" dividends.

JEPIX is a mutual fund. Most retail dividend investors focus on ETFs these days. The management fee of JEPIX is almost double that of JEPI.

Why doesn’t JEPIX get talked about like JEPI or JEPQ?