This 8.6% Yield ETF Pays Monthly Dividends - But There's a Catch
Key Points
- JEPI offers an enticing 8.6% yield by holding S&P 500 stocks...
JEPI is throwing around an 8.6% yield like it's confetti at a Wall Street parade, but before you start planning your retirement yacht, let's talk about what you're actually getting for your money.
The JPMorgan Equity Premium Income ETF has become the darling of income-hungry investors by doing something rather clever: it holds a bunch of S&P 500 stocks, then sells covered calls against them to generate extra cash. Think of it as renting out your car while you're at work - you get some extra income, but you might miss out if someone wants to buy your ride at a great price.
**The Monthly Divid...
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