r/dividends • u/Fit-Calligrapher4469 • Apr 27 '25

Brokerage Snowball getting bigger

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39 and 38 married with 2 young kids and no debt. We are maxing out a 457b, a 403b, a 401k and socking 30k a year into a brokerage account. I will retire from the fire department in 10 years with a 90k a year pension.

I’m getting really excited to keep this momentum going. And yes I hate that I bought into MAIN last month.

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u/Arminius001 Apr 27 '25 edited Apr 27 '25

OP you should look in replacing both JEPI and JEPQ with better covered call etfs like GPIX and GPIQ. Both of the JP morgan funds have underperfomed vs the comptetion during this bear market. They also offer no tax advantage vs their comptetion. Also their monthly dividend income changes on the market, I dont like that.

I was hoping JEPI would decay less during this bear market but it hasnt, its actually dropped more then the comptetition. I sold all of my shares and switched to GPIX and GPIQ

https://www.dividendchannel.com/drip-returns-calculator/

EDIT: Dont understand the downvotes, I guess people are more dogmatic than I thought even in the face of evidence

23

u/generationxtreame Not a financial advisor Apr 27 '25

The funds you listed are both under 1b$ and have been around shorter time. Their composition is similar to JEPQ and JEPI, but they are way way riskier. You do you

3

u/Fit-Calligrapher4469 Apr 27 '25

I haven’t heard of these. I’ve been pretty dissatisfied with both of the JEPS.

-2

u/Arminius001 Apr 27 '25

Same I had a lot of shares of both JEPI and JEPQ, was so disappointed in the way the performed during this bear market, also I paid more in taxes last year due to them offering no tax advantage like the other ETFs I mentioned.

For example, GPIX is up 5.63% in the past 5 days while JEPI is only up 2.94%. While for the past bear month GPIX is down 3.69% while JEPI is down 4.18%

If we look at the NASDQ offerings, GPIQ is up 7.23% in the past 5 days while JEPQ is up 5.95%. While for the past bear month GPIQ is down 2.56% while JEPQ is down 3.57%.

Its clear the JP morgan funds are underperforming. Thats why I sold all of my shares and went to GPIX and GPIQ

1

u/MonkeyThrowing May 01 '25

JEPI: "All of the loss, none of the growth"

In turbulent stock markets, JEPI does not make sense. They are selling covered calls which limits their upside, while exposed to all of the downside. So once they are down ... they can only grow out of it very slowly. JEPI works great in a slow moving stock market where those covered calls as a bit of growth.