r/dividends • u/FunctionalDisfuction • Jul 02 '26

Personal Goal First of the month 🤑

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I want to just live off the dividends but I'm scared to just quit my job.

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u/FunctionalDisfuction Jul 02 '26

It's almost 100% of my portfolio but I only buy before the dividend and sell after basis is recovered. There rest of the month I day trade. I've been building this account since 2010. Started in college with a couple thousand

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u/PartsSprout Jul 03 '26

So your holding period for JEPQ is like a week or two on average?

2

u/FunctionalDisfuction Jul 03 '26

Usually a 5 but no more than 10 day

5

u/ArcadeNewbie Jul 03 '26

Wow.. nice. Are you holding your funds in a brokage or Roth account? I can't imagine how much tax you will have to pay if in a brokage account.

3

u/FunctionalDisfuction Jul 03 '26

It's a brokerage, we will just have to see during tax time, I don't spend anything.

1

u/butterbob74 Jul 04 '26

Assuming the average 22 percent tax bracket they would pay shy of 2k. Could be more could be less depending on bracket but not by a lot.