"The JPMorgan Equity Premium Income ETF (JEPI) is an income-focused fund that's ideal for investors who want stock market exposure and strong returns with less risk and volatility. JEPI focuses primarily on large-cap U.S. companies within the S&P 500 index - in other words, established businesses. But JEPI doesn't just hold a core group of stocks. Rather, there's another component of the fund's strategy - selling call options against its equity holdings."
"The average monthly benefit today is a little over $2,000. But while that may suffice in covering the basics for some retirees with low expenses, it's certainly not enough for an enjoyable retirement. A $2,000 monthly check, for example, leaves little money left over for leisure, travel, and the other things you may want to do once you're no longer committed to a job."
Many retirees receive monthly Social Security benefits that often fall short of funding leisure, travel, and other nonessential retirement activities. Investing in income-generating assets can supplement Social Security income. Dividend-stock portfolios provide income but require ongoing monitoring and selection work. Exchange-traded funds (ETFs) can offer a simpler alternative by holding diversified equity baskets. The JPMorgan Equity Premium Income ETF (JEPI) targets large-cap U.S. companies, emphasizing established S&P 500 businesses. JEPI augments stock holdings by selling call options against its equities, collecting option premiums that produce regular income. The strategy seeks attractive payouts with reduced volatility compared with direct stock ownership.
Read at 24/7 Wall St.
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