JEPI & JEPQ Covered Call ETFs Q&A w/ J.P. Morgan Portfolio Manager Hamilton Reiner | ELNs Explained!

[@meisilingg8276]

Been into JEPI since 2021 and the day JEPQ opened for trading in 2022. Over $8K a month in dividends. Love them both!

[@tgatt5759]

Jesus, that's a lot. How much is that investment total?

[@PedalToTheMetal61888]

SOUNDS LIKE YOU DOING ''A'' O.K.''' GOOD JOB FELLA

[@PedalToTheMetal61888]

@@tgatt5759 ...YEAHHH THATS GOT TO BE CLOSE TO 1/2 MILLION IF NOT ...MOREEEEEEE----

[@Antandthegrasshopper]

@@tgatt5759 Close to $1 Mill

[@Paul-yk7ds]

That's the dream, nice work!

[@mxg8475]

Great interview. I've been hesitant to buy Jepi for a while now and this really helps understand their strategy and those ELNs that so many people are confused about. Specially coming from the fund manager himself. I feel more confident adding Jepi to my portfolio. Keep it up bro massive win by having him on here 💪👍

[@myuey.3183]

Same here, now I've watched this and decided to invest in JEPI😊

[@iroc341]

Have 75% of my 401k in SCHD on the pretax side and 25% in JEPI on the Roth side. 3 years or less until retirement! Setting up very nicely. Great interview .

[@momandrio]

that's a good strategy! what platform do you use to manage both 401K and ROTH? also dividends reinvested into JEPI or do you cash out?

[@kg3436]

Best JEPI/JEPQ video I've seen on KZbin.

[@PassiveIncomeInvesting]

Can’t beat having the main portfolio manager and head of options on the channel heheh

[@Dividendflywheel]

Agreed: for several years CC ETFs were in the too difficult to understand (or too good to be true) category for me. So I ignored them.

[@edamom]

Adrian, I wanted to let you know how impressed I am by your exceptional content. As a recent subscriber from California, I am truly astounded by your capacity to pose insightful questions to your guests, as well as your extensive knowledge on the topics you cover. Your eloquent and soft-spoken manner of delivery is truly refreshing, and your habit of summarizing and reiterating your guest's comments is invaluable to your audience. Your channel is truly a treasure in the vast expanse of KZbin, and I eagerly anticipate the remarkable content you will share with us in the future. Thank you for your dedication and exceptional talent, Adrian.

[@PassiveIncomeInvesting]

wow thank you so much my friend!

[@calledout4437]

JEPI has become my absolute favorite. Number one, it's name recognition of JP Morgan. Number two, it has a pretty solid track now of being reasonably stable in a down market with great dividend payments.

[@joannapatterson4625]

I own both JEPI and JEPQ. Thanks for the video. Options strategies are very interesting and provide great income.

[@Tslee45]

I own a ton of jepi and jepi I’m so glad to see this video

[@ifern4545]

Excellent questions/explanation. I have 4500 shares of JEPI since January 23, so far getting good results, looking forward to better results.

[@timothybancroft6579]

@Isidro F., Do U also have to maintain a large dry powder cache for downturns while owning JEPI?

[@user-fv6ke8vv2z]

An excellent interview Adrian - your questions were key and focused - thank you 😊

[@WW-34]

I am put my retention bonuses every year into JEPI JEPQ and additionally DIVO. The first one was in 2021 I’ve been more than happy with the performance and the income. I pay my water bill and Ameren bill with the income!

[@dominikfrohlich6253]

This is actually genius. JEPI profits from volatility while it has a low beta for itself. So you get massive distributions in times of high volatility but JEPI itself won’t be as affected because it does not own the full Sp500. Gotta add more soon!

[@PassiveIncomeInvesting]

it is

[@dashcamvideos6742]

Wow! Thank you for this interview. I own both JEPI and JEPQ.

[@max6iron]

Thank you so much for this interview. Lately, I’ve heard way too many “other” KZbinrs dissing these products from JPM that obviously have no idea about the true numbers and how these products work and exactly what they are designed for. Having Hamilton Reiner, portfolio manager, providing the insight into how these products work was something I have always wanted to hear. I believe in both as being a far superior product than the others, that we don’t need to mention. JEPI is by far the most liquid, with JEPQ just starting to gain steam in its shorter life span.

[@samsamys5190]

Wow. Adriano what a great service you did for us investors. Super great interview with a great fund manager. Really impressed!

[@PassiveIncomeInvesting]

thank you Sam

[@SummitMan165]

Interviewes with Hamilton’s managers are always good and informative!

[@HD-mi3mk]

Thanks for the great interview I just wanted to remind everyone that this interview provided insight from a portfolio manger who manages 20 billion. Listen and listen again to grab the nuggets of wisdom. ❤

[@PassiveIncomeInvesting]

agreed! not to mention 35+ years experience

[@theflightsimulationexperie6894]

Let 20 billion sink in for a minute.

[@TheDellMindset]

“Building a portfolio that you never feel like I gotta get out” perfect quote

[@Dividendflywheel]

I missed that statement. What was the time stamp

[@substanceo9335]

This is a pinnacle of your channel buddy! Great job and you’re channel is probably on its way to becoming very successful

[@grumpyshorts1056]

Been in JEPQ for a few months... love the DIV and this setup. Getting away from the single stock owning for DIV.

[@PassiveIncomeInvesting]

hard to beat!

[@edbickford996]

Escellent interview! I have been invested in JEPI and JEPQ for some time and have been looking for more information on the ELN's that the ETF's use. Hamilton explained the reasons and mechanics of the approach very well!

[@sidb9540]

I own JEPI.. after hearing this, will also start buying JEPQ

[@gerardlongobardi9210]

thanks guys for the opportunity to learn about these etf's

[@lecorb8825]

I am impressed you brought on the Portfolio Manager for a great discussion. I own JEPI, but kept a smaller position, even though I am approaching the retirement phase. In all of my research, I did not see the defensive strategy as well articulated as provided by Hamilton Reiner. I am definitely going to take a much larger position in both JEPI and JEPQ. It is great to see these products have a mature Portfolio Manager and as sound strategy that is built on principled beneficial conditions for the clients investment.

[@GMiXV]

Great interview!!! I just want to say thank you Adrian for everything you've done! I started investing last December! I took home all the bottles/cans from work and returned/recycled them for extra cash. I bought my first 10 shares of HYLD and I made $1.40. Everytime I got bonus paid out and tip from customers and bottles to recycle I would buy more! Now I started buying. YTSL shares. I now make $131 a month dividend pay!!! And pushing to $200 by end of this year! Buying Hyld HDIV Hdif bmax eit RS and ytsl!! I'm going to encourage my co workers and young people I meet to do the same to help them earn extra passive income without any work being done!!!! Again. Thank you 🙏

[@bentobox7788]

Nice interview. JEPI is pretty much my only covered calls ETF. (Have a tiny bit of XYLD.) Hamilton is such a top-tier portfolio manager. This interview reiterates why JEPI's philosophy resonates with me; writing covered calls at the index level, and hand-picking a bunch of defensive names as the core of the portfolio. I love the fact that he sends out variable monthly distributions. This gives me transparency into the portfolio's true income. Low MER is vital. Low MER = higher retained NAV = more sustainable distribution. Last but not least, no leverage, which helps keep the beta low in case the market turns south. This is how all other CC ETFs should be.

[@PassiveIncomeInvesting]

Well said friend , thanks for sharing your logical and articulate pov

[@g.ajemian4968]

This Has to be the most insightful help video. I have watched on KZbin. I am on American close to retirement. I actually sent this KZbin video to my financial advisor to watch and it will be very interesting to hear his response and my advice to him is he most definitely better have watched it lol because if he didn’t, that tells me something thanks again for your hard work, and I am going to continue continue to be a loyal watcher of your videos.

[@PassiveIncomeInvesting]

Glad it was helpful!

[@pavXX]

Good interview (thanks Hamilton!). Completely agree with NAV vs Total return. And good point about comparing the JEPI/Q against the indexes. Fwiw I do 50/50 for my JEPI/JEPQ allocation.

[@Paul-yk7ds]

Really stellar interview, thanks to both for this

[@randalxu4889]

These 1 on 1 interview videos are great way to not only learn about the EFTs but also to understand more about how the covered call works. Like Mr. Reiner said, covered call ETF is a defensive way to get involved in the equity market. This video addresses a lot of criticism out there about the covered call strategy. For us PIIs, what's not to love about these ETFs? Thanks Adrian! 😀

[@pyramazekeyboardist]

I’ve got a sizable position in jepi and starting a jepq position this week.

[@shawn9598]

Awesome. I always learn so much from your channel. Thanks. Now I'll watch the video you recently released about the GlobalX funds that are very similar JEPI/JEPQ. Should be very interesting.

[@peterfischer7084]

As a non-US investor I'd be a lot more happy with JEPI if it was domiciled in a country which doesn't charge withholding tax like e.g. g. the UK or Singapore. I'm sure I'm not the only one. Why doesn't JPM offer that?

[@g86money]

Great interview. Keep these type of videos coming. It would be awesome if you could interview the portfolio managers of LQDW, HYGW, and TLTW.

[@max6iron]

I tipped my toes into HYGW after finding about these 3 soon after they came on the market. I would enjoy hearing more also. Dividend yield is nuts.

[@PassiveIncomeInvesting]

one can only hope!

[@PedalToTheMetal61888]

@@PassiveIncomeInvesting ...O.K. LET'S HEAR WHAT YOU HAVE ON EVERGREEN SHIPPING LINES VS MONSTER MAERSK LINES VS HAPAG--LLLOYD AND TICKER/SYMBOL-+ COSCO OR CITAY VS SBLK ,,, VS THE BIG DOG ZIM'''

[@jonathantonn6805]

Love your work Adrian! Also own JEPI & JEPQ. One thing I don’t understand is why these two go down significantly on Ex Date although most of the payment is from selling calls throughout the month. Please help me understand this if you know

[@PassiveIncomeInvesting]

thanks buddy, to your question : I have no answer, i do not see that and honestly who cares, makes no difference to a long term investor

[@travismartinson1813]

All dividend stocks go down on ex dividend day. They usually recover in a week or two. I think it discourages people from buying a stock and only holding for a day to collect the dividend.

[@Propguypaul]

That is exactly why it drops.

[@myuey.3183]

I'm new here, and I've subscribed to your channel❤ Great content, I've decided to invest in JEPI, thankyou💖

[@PassiveIncomeInvesting]

Thanks and welcome

[@aftabkrishna7274]

Is it better to purchase JEPI on roth IRA or traditional IRA account? Thanks in advance.

[@bossballheaddawg2588]

American here! Houston Texas

[@acilirp]

This is great! It helped me understand.

[@hilarynguyen2784]

JEPI and JEPQ are my favourite funds. Thanks very much for the interview Adriano.

[@CoveredCallETFInvesting]

Thanks Adrian for this, been waiting for this one for awhile. I understand the ELN structure and delivery a lot better now. Next up Global X! Cheers 🍻

[@PassiveIncomeInvesting]

oh yes, coming VERY soon

[@myztro8786]

It's a very good interview. This is a must-see video for jepi investors.

[@charlesbyrneShowComments4all]

Thanks for the interview. It cleared up the ELN portion which I didn't fully understand the purpose.

[@braydenweinkauf2506]

Hey! Ken was right about HYLD :)

[@richardthorne2804]

Nice job and great job getting him for the interview. I wish there was a little more discussion on the credit and liquidity doomsday risk associated with the ELNs. I understand them pretty good, but there’s a lot of KZbinrs that don’t and this could’ve been an opportunity for him to put some of that at bay I think most of what was discussed here was known. I also like how they stopped using Credit Suisse as an issuer in 2021.

[@PassiveIncomeInvesting]

i see no doomsday risk... its just a way to package the call options. i would say do not overthink it. also its just 15% of the ETF

[@richardthorne2804]

@@PassiveIncomeInvesting I actually understand this really well I worked in the industry. That wasn’t the right word. What I meant is worst case scenarios. But there is certainly counterparty risk and liquidity risk that could have been discussed. They stopped using Credit Suisse for a reason for example. I don’t disagree that at the end the day these are short options written on the indexes.

[@mikeconnell698]

Any reference material to better understand ELNs for the common person appreciated!

[@PedalToTheMetal61888]

@@PassiveIncomeInvesting ...BUT STILL SHORT OF $$$ $$$ ---8---GRAND A MONTH WHAT MUST I DO SOLD MY CAR SOLD MY HOUSE WTF

[@alwayspositive999]

Thank you for a great interview Adrian - bit too long but worth it😊

[@anomanderrake8693]

Great interview. awesome job Adrian to have been able to actually made this happen. Well done!

[@joshainsw]

Thanks for this

[@Jayvazquez15]

This video was awesome and it helped me understand even more both ETFs, I will be adding one of them and hold forever Thank you sir!!

[@PassiveIncomeInvesting]

thanks for the feedback!

[@robertbeckwith9220]

Never clicked on a video so fast. Great content. Starting to add some JEPQ to my portfolio along with my existing JEPI shares. Was always curious about the ELN's- now I have a better understanding, Thank you!

[@PassiveIncomeInvesting]

Awesome! Thank you!

[@OCShree]

How are they writing covered calls on the Index, if they only own individual stocks? If they don’t actually own the Index, how is it considered “covered” and not “leverage”. I’m not understanding this. Thanks in advance.

[@PassiveIncomeInvesting]

You don’t need to own the index to write calls on it …. Index options are settled in cash

[@OCShree]

Is that then considered a “naked” call as opposed to a covered call?

[@unorthodocs1]

@@OCShree 80% of the fund is in individual stocks. The other 20% is used through ELNs to buy S and P options.

[@jkmwpc]

Great interview, thank you from the US.

[@PassiveIncomeInvesting]

Glad you enjoyed it!

[@MichaelDigiovine-io5zu]

Thanks!

[@PassiveIncomeInvesting]

thank you so much

[@marcalvarado1915]

Great job scoring this interview! The ELN explanation is still a bit murky to me but I may go back and watch that part again.

[@PassiveIncomeInvesting]

its just an efficient way to package the call options

[@BrianNickens]

Excellent interview and kudos to Hamilton Reiner on the passion for results, safety and engagement.

[@jimm4260]

Great interview, good stuff! Thanks!

[@doyeonkim9933]

Great Interview, thank so much for listening this wonderful interview and your timely question from Korea. But dont forget the fact that many Korean also watch your channel Hahaha. Good luck and thanks again

[@richardh3587]

Even after listening to this, I still don’t understand why he felt that the dividends be ordinary income rather than RoC. The latter is far superior from a tax standpoint. His explanation seemed to be that he thought that the need for clients to keep track of their basis was too much to ask. I’d gladly do that extra book keeping in exchange for way more favorable tax treatment!

[@lisaalvares6927]

Appreciate the interview! Very informative. Thank you!

[@joevelasquez2757]

Great Questions Adriano!

[@brettdeluca3166]

I want to spend $10,000 total 5 in Spyi and 5k in qqqi in my Ira account

[@363361329]

Can this type of fund run out of underlying shares to sell call option? Because when market go up alot, they would lose shares. And buy back at higher price with less shares.

[@dondinero13]

Long JEPI + JEPQ!!! Lets ride 🚀💰

[@off1tenth438]

Good HYLD increased their holdings in JEPQ AND JEPI

[@SummitMan165]

Very good Q & A agin 👍👍💪💪

[@jacquesfournier4616]

Hi, HYLD is lowering its distribution. Is it because they forecast a recession and that they keep cash for buying more stocks?

[@PassiveIncomeInvesting]

nothing to do with it... please read the article on Hamilton website - hamiltonetfs.com/hyld-adding-qqcc-uscc-reducing-qyld-ryld-xyld-change-in-distribution/

[@jacquesfournier4616]

@@PassiveIncomeInvesting Thanks, misted that one!

[@lichellecruz5744]

@@PassiveIncomeInvesting hi Adrian, it’s a huge impact for our monthly income, are you still buying hyld?

[@JAVAR11]

Thanks for this video - great hearing from the creator and manager of JEPI. I was hoping he would say are doing an international and a small cap version of JEPI.

[@PassiveIncomeInvesting]

i hope so too

[@oddballchic]

LEGEND

[@jasonstupak4535]

Fantastic interview.

[@stevedancause1329]

After hearing this video, I have confidence that I made the right decision to buy jepi & jepq. I have them split equally 50/50. Adding a broad market index fund in addition to these two for some growth when I stop reinvesting dividends in retirement seems prudent.

[@PassiveIncomeInvesting]

Thanks for sharing!

[@Dividendflywheel]

I wish you asked “if he eats his own cooking” and a percentage of his net worth invested in JEPI & JEPQ

[@gambit2129]

Do they ever roll their calls to keep their underlying?

[@harsharao3555]

Thanks for this interview. Very helpful.

[@Monkey-vj8xb]

What does he mean index level if his spy gets in the money it will get called away explain

[@hamiltonmayers5510]

Thank you , simply amazing.

[@jasonstupak4535]

Watching now, thanks Adriano!

[@winterheat]

have you seen a toy or a snail that can climb up a flower, but it can climb up 10% max (even if it is 20% or 25%, something limits it to 10%), and then if it falls, it can fall 15% or 20% or 25%... isn't that similar to JEPQ and JEPI ?

[@drumthony]

As an investor from Trinidad and Tobago, I really hope, that JP Morgan releases a JEPI etf domiciled in Ireland.

[@kevinlunney5608]

I was unable to buy Jepq thru Merril Lynch - anyone else have this issue ?

[@nebojsa1976]

Simple question, can JEPQ increase 3 times in value in next 10 years? of course, nobody knows, but is it possible with covered call strategy? Maybe it is not possible.

[@user-fg7us7uq7u]

당연히 불가능하죠... spy가 연평균 최소 10%인데, 그럼 스파이의 가치가 10년 동안 2배가 되는데 어떻게 커버드콜인 jepq의 가치가 3배가 될 수 있습니까? 완전 불가능입니다

[@JJ-et7nf]

JEPQ 📈

[@bobdole7701]

Why shouldn't I make JEPI a core holding at retirement time?Ill retire in 6 months.

[@unorthodocs1]

I’m retired on 50% VOO, 25% JEPI, 25% JEPQ. Very happy.

[@veggie-mannn]

​@@unorthodocs1any update on JEPI and JEPQ right now?

[@unorthodocs1]

@@veggie-mannn Still happy.

[@venstomon931]

Fantastic❤

[@PassiveIncomeInvesting]

Thanks 🤗

[@cdm4593]

I wish to know about the tax situation when it comes to ELNs compared to standard ETFs?

[@PassiveIncomeInvesting]

as discussed, there will be no ROC, it will mostly be ordinary income

[@livetolearn2022]

How will JEPQ hold long term? If there is no dividend growth then will the yield come down?

[@user-fg7us7uq7u]

이거 사지마세요 진짜 위험합니다. 고배당률만 보고 쉽게 매수하면 나중에 큰일납니다. 그냥 spy나 voo 를 하세요

[@belovedsurfing7210]

Two Questions 1. 11:14 What is the Bics? I imagine it is some sort of measurement standard for evaluating the value of an Option. 2. Hamilton referred to Beta several times. I've seen explanations of it, but still don't quite grasp the concept. Thanks for another great interview Adrian. Thanks for the Timestamps as always. P.S. : Brompton is paying out their distributions a day late it seems. I wonder why? 🤔

[@PassiveIncomeInvesting]

its VIX, not bics. which is a measure of volatility of the overall market (sp500) , BETA is a measure of volatility of an asset compared to the SP500. so if its under 1, its less volatile than the SP500 so if its .8, it means its 20% less volatile

[@belovedsurfing7210]

@@PassiveIncomeInvesting Straightforward and Succinct explanation as always Adrian. Why we love you and your channel. So, for Income Investors using Covered Calls, good times would be those when the Vix Index is high meaning high volatility in the Market, and the invested assets have a high Beta meaning that they are more volatile compared to the S&P 500. So, High Vix + High Beta = Lots of Covered Call Writing and High Premiums and High Returns for Investors. That's my takeaway at the moment.

[@jhps1000]

Please do same interview w schd.

[@PassiveIncomeInvesting]

not much to talk about, its just a simple U.S. Dividend ETF

[@mmontereyparkcamera6320]

Sorry I still did not get it. How the fund deals with assignment?

[@PassiveIncomeInvesting]

?

[@user-fg7us7uq7u]

@@PassiveIncomeInvesting ?

[@max6iron]

One question, that I thought about after my initial comment, was that I had wished you had asked Hamilton was “ Why isn’t JPM in the JEPI ETF?” Wouldn’t you have wanted to know that? I wonder if it would create a conflict of interest situation.

[@snoringord]

Nice work, Adrian 👍

[@aravinda5043]

Great Video! Thanks

[@Rob-ob3sh]

Very good interview.

[@Master-bp8pd]

I sold all my canadian covered calls after 10+ years of ownership and bought jepi and jepq. Canadian coverrd calls just dont perform. Either premiums too low or option writing skills here are subpar, but something is off in canadian CC etfs

[@PassiveIncomeInvesting]

Nothing is off … they underperform in a bull market which has pretty much been that in the last 10 years . Simple . Next 10 years ? That’s the question .

[@Monkey-vj8xb]

Someone explain how he gives 10 % doesn’t make sense explain

[@catherinedesilets8960]

Q. I did buy your DIY package & was wondering what’s the process to get the latest versions when you update it? Thanks 🙏🏻

[@PassiveIncomeInvesting]

email me :) it will be at the same place once you log into my website

[@catherinedesilets8960]

It would be really helpful if you would do a video on which type of investment is tax efficient etc Like, if I was to put a covered call ETF in my taxable account how are these looked at from CRA?

[@off1tenth438]

The fund website should list the taxes(capital gains, eligible dividends, etc) of the distributions then you cross check it to a T5 slip and the tax rate.

[@PassiveIncomeInvesting]

already did that video, please see my "taxes" playlist

[@catherinedesilets8960]

@@PassiveIncomeInvesting Thank you I’m trying to learn all this & as soon as I’m more sorted out I’ll book my one on one with you. I have my $ in GIC s as I wanted to learn & observe a bit before investing…

[@Tslee45]

So glad to see this video new subscriber now thank you.

[@hounddog3476]

Bought up YIELDMAX etfs. Im a gut player. Not saying i buy then research. I bought in because i like investing in groundfloor business. I seen it as a way to expose myself to big assets like tesla n nvda in the unstable current market. Im really into these etfs now. Im going to keep on lookiing and learning. NVDA shot up 80 points and my etf followed due to all of the securities.

[@TerracottaPie1987]

Love my JEPI

[@mjsmcd]

Still not clear on the elns Oh well

[@PassiveIncomeInvesting]

just pretend they are not there..... it makes no difference besides taxes

[@mjsmcd]

And only when you sell?

[@braylenlandkey]

Tell me a little bit about Hamilton 😆 lol Oops wrong interview haha1:40