JEPQ
J.P. Morgan Nasdaq Equity Premium Income ETF
stock NASDAQ ETF

JEPQ uses equity linked notes so there’s a lack of transparency, and it pays non-qualified dividends taxed at the normal income rate. QQQI pays utilizes 1256 contracts and pays 99% RoC, so it’s extremely tax efficient. GPIQ pays about 90% RoC so it’s almost as tax-efficient as QQQI, plus it only sells calls on 25% to 50% of its assets leaving the remaining 75% to 50% to appreciate in value without a cap.

I'm somewhat new to all these funds - What do you like better about GPIQ and QQQI over JEPQ?

Out of curiosity..... what is this high conviction investment you believe in that is worth 11% margin interest? It must be pretty fantastic to justify that kind of interest rate on a loan.
I use the Robinhood Gold margin which is much lower at 5.75% and the first $1000 is 0% APR.
I use it to buy JEPQ and OBDC high yielding securities and profit the arbitrage between margin interest rate and the monthly distributions.

I'm 40, married with 1 child, in NY but aiming to move out in 1-2 yrs. I received $180k inheritance earlier this year, I have it in SGOV for the time being, as a temporary spot. I've been getting roughly $550-$600 ish per month from that. It's safe but I know it can be doing more.
So I'm partially scared to lose this windfall because this is the most money I've ever seen but I also want to grow it for myself and my family. Its bigger than my regular savings overall. Retirement savings are sorta behind but have potential to catch up with my new salary as a nurse.
Some ideas that were suggested to me for the 180k are
1. 80% VOO/20% VXUS
2. SCHD/VOO/VGT
3. Keep 80k in SGOV and 100k in equities.
4. Other notable mentions I keep hearing are JEPI, JEPQ, and O.
What do you guys think? Anything that's qualified dividends would be best I guess right? Because then all you pay are 15% capital gains tax?

To answer you question, meet a 401k match first. Then max your Roth. Then max your 401k OR fund your brokerage. At 36, I was going all in on growth. Now I’m all in on JEPQ in my Roth and all in SCHD in my brokerage. 401k for my current company meeting match plus some (very close to max). My orphan funds are getting moved to a traditional IRA this week and will be all in for JEPQ there as well. The plan is to back door the funds in traditional IRA into my Roth to finish at retirement so I am mostly tax free when I pull trigger.
This is my plan. YMMV. Do your research! This is what works for my risk.

Holding:
SCHD, SCHF, BGR, FSTA, JEPI, JEPQ, LVHI, PTY, SPYG and VBR

Curious as to what y'all are holding and why - especially if it's something out of the ordinary.
We all know about SCHD, DGRO, VYM, and the other mainstream dividend ETFs, as well as the covered call funds like JEPQ/JEPI, and QQQI/SPYI. Let's see if we can't point each other in the direction of something on the path less traveled.
To start - I own TDVI and IGLD.
IGLD is one of the gold funds that also provides income. It doesn't provide as many gains as something like GLD during a run-up but it does provide income. GOLY is a comparable fund but hasn't gained quite as much on a total return basis.
TDVI is a tech focused income fund. In terms of total return it has beaten QQQ/QQQM since its inception. The yield is a bit over 7% so it doesn't quite match QQQI in that regard however, again, in total returns it has done quite nicely.
Both of these have higher than average expense ratios. Are they worth it? In my mind, yes. TDVI in particular has beaten the S&P500 since inception. Its older brother TDIV(creative naming, right?) has as well. In my mind, if something has a higher ER but is a superior product it's worth it. That's part of why I don't own VXUS.
Anyway, looking forward to seeing what y'all have that might be off the beaten track - maybe we can all learn a thing or two.

I literally have a separate brokerage account called "Emergency Funds" and Fidelity makes it very easy to open up a new account once you already have an account with them. This is how I have accounts split up with the partner -
Joint Checking
Joint Brokerage
Emergency Funds

About 50% of the money in the Emergency Funds just sits there in SPAXX which is the default holdings position. The rest of 50% are in JEPQ and SPYI (25% each)

Hope this helps!

Not true. First, 1256 contacts are taxed 60/40 long/short term. Also, while ROC lower taxes currently, they simply postpone taxes to a higher amount later.
Basically, while SPYI/QQQI are more tax efficient than other covered call ETFs like JEPI/JEPQ, they're not as tax-efficient as owning shares and selling as long-term capital gains.
Also, that's just the bonus on top of what that chart shows, that owning the underlying asset is ALWAYS more profitable long-term than a covered call ETF.

I would consider swapping QQQI in for JEPQ (if you still want an income fund). It's outperformed JEPQ and is more tax friendly if you are in a regular brokerage (or custodial) account. If you have a Roth IRA, it may not matter as much.

Yes.
JEPQ and SGOV are so vastly different . SGOV is a bond ETF so volatility is nil but reward is small. Just depends on what you're after. I like the dividends and growth combo of JEPQ but it does have more volatility (though not crazy) and a higher expense.

You meant JEPQ right? I checked and it's got a very good yield but high volatility compared to something like SGOV.

I put 100K in QQQI and 20K in JEPQ after my last real estate sale and haven't regretted one second of it

And I don’t touch those yield max funds those are scams. I play it safe with JEPQ SPYI AND QQI

I agree 100%. I sold all my JEPQ and went in on QQQI and GPIQ.

I found this video recently on “safe investments” and found it had some great ideas. Even though it’s four years old, it does a great job laying out the options for relatively safe stable investments:
https://youtu.be/YTLqYcFh8_g?si=mlRnbvEtknnV8Gy_
He lays out four categories of investments and suggests diversifying among them. That’s probably going to be a better return than a money market and less risk than JEPQ.
If I was in your shoes and my parents were in your situation and cared about my opinion about their investments (mind don’t) I wouldn’t suggest one of these funds. Their biggest virtue is the element of ongoing monthly income which your parents don’t need. If I were to suggest any covered call fund, I’d suggest QQQH because it has downside protection. But again I’d look more at the safe type of investments mentioned in the video.

NVDA, PLTR, AMZN, JEPQ, SCHD

GPIQ and QQQI are superior products to JEPQ. I would consider them before buying JEPQ.

Depends what you mean by aggressive... And what your risk tolerance is. JEPQ it's a good one that is moderately aggressive, and if you want to be even more aggressive, try Bitcoin. I personally don't go past JEPQ because in my opinion aggressiveness is also directly correlated with how much money is invested in JEPQ. In other words, a smaller amount of money in that fund would be moderately aggressive, and a large amount of money in that fund would be very aggressive.

JEPQ for extra cash sitting around?