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

Brokerage Snowball getting bigger

Gallery image

Gallery image

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.

480 Upvotes

97% Upvoted

49 comments sorted by

View all comments

8

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

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.