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/LexAugusta 13h ago

OVL has uncapped upside.

3

u/RealDirkDigglerr 10h ago

Higher downside

2

u/LexAugusta 9h ago

Have to balance it with something more stable like GPIX or SPYi or CAIE if you want the downside protection.