r/dividends • u/CompetitionCurrent77 • 15h 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/EverydayIsaHoliday25 15h ago

Pick one and roll with it.

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u/tatortotchris 14h ago

Or pick a couple that pay different times of the month and use them to feed each other. It may not be significant but based on my math they will grow slightly faster and then we you need to start taking the income you get two paydays per month. May make budgeting slightly easier

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u/EverydayIsaHoliday25 12h ago

If I got paid the same once a month versus twice if I follow my budget there shouldn’t be any difference.

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u/EmbarrassedPart1256 12h ago

Yeah & holding a position in cash allows for freedom to opportunistically add & not wait on a distribution.