SPHD
Invesco S&P 500 High Dividend Low Volatility ETF
stock NYSE ETF

>I put it in GPIX since I can kick the income tax bucket 10 years down the line and collect 8% in dividends every year.
GPIX has an 8% yield, but not an 8% dividend.
dividends are basically profit sharing from companies, and the S&P 500 dividend yield is about 1.1%.
so about 6.9% of that GPIX yield comes from covered calls or similar methods to create income.
the problem with things like GPIX is you trade the capital gains potential for income, but there's no downside or crash protection.
in contrast, a pure dividend ETF with higher-dividend stocks paying maybe 3-4% (SHCD, HDV, SPHD) will tend to have more downside protection in a crash. these types of stocks are often a bit more durable in bear markets.

>I put it in GPIX since I can kick the income tax bucket 10 years down the line and collect 8% in dividends every year.
GPIX has an 8% yield, but not an 8% dividend.
dividends are basically profit sharing from companies, and the S&P 500 dividend yield is about 1.1%.
so about 6.9% of that GPIX yield comes from covered calls or similar methods to create income.
the problem with things like GPIX is you trade the capital gains potential for income, but there's no downside or crash protection.
in contrast, a pure dividend ETF with higher-dividend stocks paying maybe 3-4% (SHCD, HDV, SPHD) will tend to have more downside protection in a crash. these types of stocks are often a bit more durable in bear markets.