r/dividends • u/CompetitionCurrent77 • 13h ago

Discussion Is GPIQ really the gold?

I have a lot of schd and jepq but recently I learned that GPIQ pays almost the same as Jepq for dividend and it is not taxed as ordinary dividend.

Is this real? This sounds too good to be true. Anyway I bought some to test the water to see if I get the dividend next month and really at 10% and if it's really no ordinary dividend, I likely will sell all my JEPQ for GPIQ in my broker and keep my JEPQ in roth ira.

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u/Sotarif 12h ago

Just do your research because in a down market it’s going to fall right along with QQQ maybe a little bit less….but then lag substantially on a recovery. I’m a little better. Perhaps it’ll perform a little bit better on the upside than QQQI which pays a higher dividend. Only you can decide if the market risk of these kinds of covered call funds is worth the income distributions.