Key insights
- The author advocates for GPIQ, a Goldman Sachs covered call ETF, highlighting its potential for high dividend yields (around 10%) and growth potential, arguing it outperformed other dividend ETFs like SCHD and DGRO. The ETF sells covered calls on a portion of its holdings, allowing for some upside capture unlike JEPQ. The author suggests long-term DCA as a viable strategy.
Goldman Sach's QQQ covered call ETF
Sells covered calls on 25-75% of the fund allowing upside growth unlike JEPQ's 100% cap
Was only 1% behind QQQ in 2025 for total return. The dividend pays average of 10% per year.
ALUM nearly 4 billion and GS isn't in the business of losing money
I don't mind being a hair behind QQQ in total returns when can generate such an income. See a lot of posts here mentioning SCHD, DGRO, but the growth is not the same and the dividend is much smaller. Why sell yourself cheap? GS can sell covered calls at a professional level which retail cannot replicate, let them worry about selling options while still receiving growth is my take. Thoughts on DCA'ing long term?