Mike Philbrick
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ-Q
RISKY
Apr 11, 2025
For someone close to retirement.
Extreme focus in the tech world. He'd be concerned to have this type of concentration risk in a retirement fund, you want to be more diversified. Look at the HPYT, which has a lot less beta. It would be fine as a piece, but not 50%, of a portfolio. Yield is 10-12%.
Covered call product. Income from selling calls is considered a capital gain. Reduce volatility, but won't get as much capital growth. Good for slightly defensive investors who like income.
Extreme focus in the tech world. He'd be concerned to have this type of concentration risk in a retirement fund, you want to be more diversified. Look at the HPYT, which has a lot less beta. It would be fine as a piece, but not 50%, of a portfolio. Yield is 10-12%.