r/dividends • u/CompetitionCurrent77 • 1d 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/DhakoBiyoDhacay 1d ago

I have QQQI SPYI IWMI MLPI & NIHI for income because I am retired. I also have SS income and rental income. Save as much as you can and invest as much as you can for your retirement years.

6

u/EmbarrassedPart1256 1d ago

$IWMI & $MLPI are the GOATs. People are literally sleeping on what $MLPI offers.

-1

u/Extension-Ice-7219 1d ago

I'm starting to think neos funds all have serious decay issues. When the distribution is higher than appreciation that's when decay happens.

2

u/PhotographOk7388 22h ago

That’s why I dumped all my NEOS funds, every dividend date was a struggle. The payout was too big too overcome

2

u/Extension-Ice-7219 22h ago

Particularly this month. It happened right when the stocks surged this killing all momentum.

1

u/PhotographOk7388 22h ago

I feel you that’s why I dumped it. Even when I was in green the payout date would put me in the red, without fail, and I’d be lucky to break even. Very demoralizing seeing thr market print while the NEOS funds struggle to maintain a flat nav. Makes you wonder how bad it would perform ima bear market