Invest in JPMorgan Equity Premium Income ETF (JEPI) for potential high annual passive income

From Nasdaq: 2024-05-07 05:48:00

To ensure a comfortable retirement, start planning and investing early. Consider the JPMorgan Equity Premium Income ETF (JEPI), which could turn $500 per month into $42,650 in annual passive income. Managed by JPMorgan Chase, the ETF aims to provide monthly income with limited volatility and has a 6.98% yield.

JEPI invests in equities and equity derivatives, with a diversified portfolio and a turnover ratio of 190%. With a 30-day SEC yield of 6.98% and a 12-month rolling dividend yield of 8.5%, it offers competitive income potential. However, factors like inflation and potential fund closure should be considered.

Investing $500 per month in JEPI for 30 years with a 6.98% annual return could result in a portfolio worth over $600,000 generating an annual income of around $42,650. While uncertainties exist, JEPI could be a passive income generator for those planning ahead.

Consider factors like potential returns and the long-term performance of JEPI before investing. The Motley Fool Stock Advisor team has identified 10 stocks for investors to consider, with potential for significant returns. Past recommendations like Nvidia have demonstrated substantial growth over time, offering insights for future investment decisions.



Read more at Nasdaq: Investing in This High-Yield ETF Could Turn $500 Per Month Into $42,650 in Annual Passive Income