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+ lurking - contributing
Join Date: Dec 2005
Location: Atlanta, Georgia
Posts: 652
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If you are looking for higher returns without much risk...
I have a portion of my portfolio in JP Morgan Premium Equity Fund, symbol JEPQ. I think was originally reserved for the bank's wealthiest clients. The monthly dividends are great and there's no NAV price erosion. The fund is popular and well managed, plenty of online discussion on investment forums.
JEPQ is designed to provide distributable income through a combination of dividends and options premium (covered calls). In return for the options premium, investors may forgo a portion of the market’s upside. Options premium generated can vary dependent upon market volatility; as volatility increases, the potential for incremental income and upside also increases.
12-month rolling dividend yield of 9.93%
30-day SEC yield of 12.42%
I am averaged in at $53.00, so ETF price is up a little (stable). I love the monthly dividends, a real bonus. No long-term commitments either, cash out whenever.
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