JPM Nasdaq Equity Premium Income ETF Forum

Another milestone reached, and this one is HUUUGE! 💚💚💚

With the very unexpected dividend increase from my favorite dividend ETF $SCHD to 0.8241$/ share for the second quarter 2024, I've reached a 1000$/month in dividend payments for the first time ever. 💰 I couldn't be happier, especially since this portfolio is only 7 months old.

For those you read my recent posts and are aware of my goals for this year and beyond, but here is a quick reminder.

My initial goal for 2024 was to have about 400$/month, when I saw how things progressed, I updated that to 500$/month, but looking ahead we are expected to end up with more than 600$/month, which would simply be insane. 🤪

(For clarification I don't calculate that as TTM, but rather as the average of trailing 6 months, trailing 3 month, future 3 months, future 6 months. This is simply because I am still building my positions aggressively so that the trialing months significantly underrepresent the status quo. I am aware of the uncertainty of future dividend payouts, which is why they are approximated conservatively. )

At the moment the total value of the portfolio stands at just above 130k$ with the plan for >160k$ end of 2024

>270k$ end of 2025

>370k$ end of 2026

My overall goal is to consistently have 4k$/month at my disposal for retirement (ideally without dipping into the principal of the investment). About 2k$/month will be provided by rental income and thinking that I might be one third to the 2k$/month needed from dividend payouts by the end of the year gets me very giddy.

This is the list of all dividends for this month:

$AGNC (-1.76%) 37.32$

$EFC (+0%) 17.81$

$EPR (-0.18%) 19.10$

$MAIN (+0.01%) 21.36$

$MAIN (+0.01%) 26.70$ (special dividend)

$JEPI 112.04$

$JEPQ 94.89$

$SPYI 51.02$

$QQQI 25.56$

$O (-0.83%) 73.76$

$SPLG 44.34$

$SCHD 544.73$

________________

Total: 1068.63$

I am sure there will be people saying that judging from that list, the portfolio is too conservative... and I would somewhat agree with you, but my objective is to build mainly a dividend portfolio that will consistently help with my expenses in retirement.

That being said, I am planning on expanding my $SPLG position as well as adding $QQQM to the portfolio at some point in order to participate in some of the growth potential that technology and market leaders offer so don't judge me too harshly.😜

Happy investing 📈, happy compounding💸!

#fire
#retirement
#financialfreedom
#dividends
#compoundeffect #nextstop250k$

#1000dividendspermonth

DCA-ing into this little beauty, as I decided hold off on adding to $JEPQ ...

Good decision? 🙄🤷

This brings me to about 25$ each month in dividend payouts for $QQQI . 🙂

Happy investing, happy compounding!

Here is a questions for those who have a 3 fund portfolio (ETF), with the parts defined as Dividend, Cornerstone, Growth

I am using $SCHD , $SPLG and (planning on using) $QQQM , respectively for the three parts! I am trying to have the following split 50/25/25.

How do you deal with also buying cash-flow stocks/ETF (like $JEPI , $JEPQ , $SPYI (-0.56%) , $QQQI , $O (-0.83%) , $MAIN (+0.01%) etc.)?

If you are putting them in any of the existing parts, where do you put them? Dividend? Growth? Are you adjusting the splits or keep them the way they are?

If you are not adding them to the existing parts, will you adjust the split and add 10 or 20% (or whatever you chose) for these cash-flow securities?

That all might get more complicated since I am planning on only having these cash-flow securities for the next 1-2 years and then wean off and only keep a true 3 fund portfolio.

What do you think? I cannot be the only one thinking about this, right?!

Dear fellow investors,

This month I will reach another milestone in my investment journey, breaking 800$ in monthly dividend payments for the very first time. I couldn't be more excited....

Wooohooo 💲💲💲

This is due to receiving payouts for the following assets:

641 x $SCHD

281 x $O (-0.83%)

311 x $JEPI

211 x $JEPQ

179 x $SPLG

89 x $MAIN (+0.01%) (two payouts this month!)

137 x $EFC (+0%)

67 x $EPR (-0.18%)

67 x $SPYI

13 x $QQQI

Looking ahead, it seems like September might be my first 1k$ dividend month 🤪🤪🤪.

Fingers crossed 🤞🤞🤞

For those among you who follow my story, know that I just started (again) in Dec 2023 and already had to upgrade my goals to 150k$ invested and average dividends of >500$/month. Both goals are within reach and very likely to be achieved before 2024 comes to an end.

I am very happy with sticking to the plan (DCA-ing into a selected few ETFs and stocks) in hopes for #fire (Financial Independence Retire Early).🔥🔥🔥

I am planning on making some adjustments to the portfolio over the next couple of weeks and months and hopefully later this summer I will share my whole portfolio with more information about my investment strategy as well as the (as of recent) popular Sankey diagram of monthly money flow here on getquin for scrutiny and further constructive feedback. So stay tunes for that.

The list of updated key take-aways are as follows:

1. Select your ETFs and stick with them

- Core:

$SPLG (alternatives are $SPY (+0.09%) and $VOO (+0.06%) ), chosen because of slightly lower expense ratio and lower prices (hope for more inflow), trading volume is not a concern as this was bought for the looooong "buy and hold"

- Dividend 💸:

$SCHD (alternatives are $VIG (-0.2%) and $VYM (-0.43%) ), chosen because seemed undervalued at the time of purchase, great dividend and decent dividend growth

- Growth 📈:

Still not chosen, open to suggestions

I maintain that it will probably be $QQQM (alternatives are $VGT (+0.48%) , $SCHG , $SPGP , $DGRW , $VUG (+0.49%) )

- REITs 🏠:

Not yet chosen, as here I am not even sure any longer if I actually want to invest in REIT ETFs or not just keep my exposure to the few REITS I already own ($O (-0.83%) , $VICI (+0.15%) , $MAIN (+0.01%) , $EPR (-0.18%) , $EPRT (-0.51%) ...)

If I decide to venture into this field, it will probably be $SCHH (alternatives are $XLRE and $VNQ (-1.04%) )

- Misc 🗠:

$O (-0.83%) The Monthly Dividend Stock

$JEPI / $JEPQ for monthly dividends in the covered call space

$SPYI / $QQQI to potentially replace $JEPI and $JEPQ

$VICI (+0.15%) / $MAIN (+0.01%) for additional monthly dividends in the REIT / finance space

I might also entertain the idea of investing in some individual stocks like $AMZN (+1.9%) . $NVDA (+2.32%) , $MSFT (+1.59%) , but that will depend on the constitution of the growth ETF I will buy.

2. Learn 🎓

Educate yourself and don't simply "trust" Youtubers. Read investment books (e.g. 'The Intelligent Investor' by Ben Graham, 'The Little Book Of Common Sense Investing' by John C. Bogle, 'Patient Capital' by Victoria Ivashina and Josh Lerner) and listen to many different voices in the investment arena. Be curious, but cautious... If it says: "100% win rate guaranteed!", it's probably best to stay away from it.

3. Don't try to time the market ⌚️

As one youtuber says: "Time in the market beats timing the market." I am sure we are all guilty of trying to buy at the best price on a particular day/week... If you are in for the long haul, it doesn't matter. DCA (Dollar Cost Averaging) for the win. 🏆

4. ETF over stock picking

Of course you can have huge winners if you pick individual stocks and if you have some insights that allow you to buy before the hype, great, I am very happy for you. Who wouldn't want to have invested in $KO (+0.08%) , $TSLA (-6.59%) , $AMZN (+1.9%) , $GOOG (+1.15%) or $NVDA (+2.32%) in their early days?! But that doesn't happen very often. If you invest in solid ETFs covering a wide array of markets, you will do just fine (especially with a long investment horizon). I have certainly tried to "pick' some stocks that looked promising for their upward potential, but only two have given me solid returns ($NEP and $CFLT (+1.98%) ), whereas so far there are many losers (e.g. $IONQ , $OTLK , $SACH , $EPR (-0.18%) ).

That being said, I am not against holding individual stocks and I am sure that the likes of $NVDA (+2.32%) , $MSFT (+1.59%) , and $AMZN (+1.9%) will continue to deliver amazing returns, but these are also top of the list in weighted S&P500 or Nasdaq ETFs... ($SPLG , $VOO (+0.06%) or $QQQM , $SPGP etc.). Just saying!😉

5. Tailored investing

We are all different and our your time horizon, risk appetite, age, income and other factors most likely vary massively. My life, 47yo, being single without kids, being in a somewhat safe and well-paid job, having paid off properties that generate a decent income stream, wanting to retire in 3-5 years and not needing much is very different to someone who just starts their investment career and/or have a family or are already retired or or or.

Make a plan of what you want the investment to do for you and work towards it. In my case, I want to achieve #fire (Financial Independence Retire Early) as soon as possible, being able to live off dividends entirely. I recon I will need about 50k/ year (lots of safety built in). So building a strong dividend portfolio is my main goal. Sprinkle in some growth opportunities and we have a party. 🥳

Let me know what your goals are and how you plan to achieve those. Also if you have some input on which other ETFs and/or stocks to pick, I am all ears 👂👂.

This is probably the last time I'm adding to $JEPQ (20 shares this time). Just in time for the ex dividend date... 🙂

This brings me up to 211 shares for $JEPQ and 311 shares of $JEPI , which means just below 200$/month in dividends. At the moment I am planning on keeping those, but adding to $SPYI and $QQQI instead for the yummy monthly inflow of cash dividends.

Any opinions about this move?

I decided to sell out of this position. $NEP was good to me (ROI > 28%) and 12% dividends was solid as well. I just don't trust their recent rally as well as keeping the dividend payments coming when the payout ratio is more than 110%.

Reinvested the money right away in my cornerstone ETFs $SPLG and $SCHD as well as some $O (-0.83%) and $JEPQ .

We shall see if this was the right decision...

Happy to always see the dividends ping coming in:

just settled down now only checking once a month when I wanted to focus on set and forgetting 🤪

US Stocks

$ARCC (+0.05%)

$JEPQ

$MAIN (+0.01%)

$SCHD

NZ Stocks

$DIV

$USF

looking at about 17 years till retirement, the two nz ones are my home exchange as I was getting tired of overseas exchange rates 😂

maybe closer to retirement I’ll move the us ones back onshore with other ETFs ect but at the moment this is all rather just doing its thing so im happy.

USF covers the SNP 500 so kind of letting that be my main growth focus

the dividend paying ones if I can get them buying a share each time that’s a good result ($ARCC (+0.05%) is already doing this)

I reached 100k$ invested on 2024-03-15 which was one of the milestones for 2024 (the new one is now 150k$).

Also March was very good to me with dividend payouts exceeding 600$ for the month, which made me revise my initial goal of 400$/month (avg.) by the end of 2024 up to >500$/month. 💲💲💲

Since this account is very new (Dec. 2023), I am very happy with sticking to the plan (so far) in hopes for #fire (Financial Independence Retire Early).🔥🔥🔥

Key take-aways so far are as follows:

1. Select your ETFs and stick with them

- Core:

$SPLG (alternatives are $SPY (+0.09%) and $VOO (+0.06%) ), chosen because of slightly lower expense ratio and lower prices (hope for more inflow), trading volume is not a concern as this was bought for looooong

- Dividend 💸:

$SCHD (alternatives are $VIG (-0.2%) and $VYM (-0.43%) ), chosen because seemed undervalued at the time of purchase, great dividend

- Growth 📈:

Not yet chosen, open to suggestions

Will probably be $QQQM (alternatives are $VGT (+0.48%) , $SCHG , $SPGP , $DGRW , $VUG (+0.49%) )

- REITs 🏠:

Not yet chosen, open to suggestions

Will probably be $SCHH (alternatives are $XLRE and $VNQ (-1.04%) )

- Misc 🗠:

$O (-0.83%) The Monthly Dividend Stock

$JEPI / $JEPQ for monthly dividends in the covered call space

$VICI (+0.15%) / $MAIN (+0.01%) for additional monthly dividends in the REIT space

2. Learn 🎓

Educate yourself and don't simply "trust" Youtubers. Read investment books, listen to many different voices in the investment arena. Be curious, but cautious... If it says: "100% win rate guaranteed!", it's probably best to stay away from it.

3. Don't try to time the market

As one youtuber says: "Time in the market beats timing the market." I am sure we are all guilty of trying to buy at the best price on a particular day/week... If you are in for the long haul, it doesn't matter.

4. ETF over stock picking

Of course you can have huge winners if you pick individual stocks and if you have some insights that allow you to buy before the hype, great, I am very happy for you. But that doesn't happen very often. If you invest in solid ETFs covering a wide array of markets, you will do just fine.

5. Tailored investing

We are all different and our your time horizon, risk appetite, age, income and other factors most likely vary massively. My life, 47yo, being single without kids, being in a somewhat safe and well-paid job, having paid off properties that generate a decent income stream, wanting to retire in 3-5 years and not needing much is very different to someone who just starts their investment career and/or have a family or are already retired or or or.

Make a plan of what you want the investment to do for you and work towards it. In my case, I want to achieve #fire (Financial Independence Retire Early) as soon as possible, being able to live off dividends entirely. I recon I will need about 50k/ year (lots of safety built in). So building a strong dividend portfolio is my main goal. Sprinkle in some growth opportunities and we have a party. 🥳

Let me know what your goals are and how you plan to achieve those. Also if you have some input on which other ETFs and/or stocks to pick, I am all ears.

$JEPQ buying it monthly