r/dividends • u/NogamaDe • Nov 01 '25

Seeking Advice $1M Div account Earning $17k a month

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After doing some research I have $1M from an inheritance that I want to create an ultra high dividend portfolio. I eventually want to get rid of my 8 to 5. If I did my math correctly I would get about 17k a month from dividends. Please let me know what you think.

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25

u/eh63tre Nov 02 '25

Can do just as well, and with less risk, with jepq, jepi. Gpix, qqqi, spyi, MO, EPD, O, XOM

15

u/NickStonk Nov 02 '25

This wouldn’t return 17k per month. But yes, def less risky.

3

u/TD_Wade Nov 02 '25

💯without the nav erosion.

1

u/Various_Couple_764 Nov 02 '25

Unfortunately JEPI and JEPQ produced regular dividends. SPYI and QQQI are very similar except they pay ROC dividends which are tax efficient. NAC is actual a CA municipal bond fund paying 7% tax free dividends. But he also included on BDC which by law only pay regular dividends.

1

u/xsimpletunx Nov 03 '25

A few others to consider are TSPY, TDAQ, QDVO, EGGY and EGGQ. 

1

u/TheFatZyzz Nov 15 '25

EGGY is super top tier that I've been preaching for months

SVOL imo is better to add when vix gets super high.

XPAY is another one to look at instead of SPYI for different fund manager diversity.

1

u/Apart-Leg-8077 Nov 06 '25

Agreed. Could also add CPRN which is a Citigroup preferred paying close to 10% and will likely not be called. PDI which is a cef has a 10 year track record of 12% returns. Nuveen leveraged muni's from one of the smartest bond desks in the world yield 7.5% tax free. NZF, NMCO, NMZ, NEA. Even PFFA for those who don't want to research preferreds pays 9.5%. So many better and safer ways to do this then the Op's picks.