Should I sell JEPI for more stock in JEPQ, GPIX or GPIQ?
My current family needs is living off of dividends over growth currently. I’m new to this as these stocks were an inheritance. I use a financial advisor at Merrill Lynch and they want me to own all of these ETFs.
To be transparent, I have around 14,000 cash I want to park to gain interest for the next 3-4 years. It is currently all in USFR. I do not see myself using this cash at all for at least the next 4 years. I am debating whether I should leave it just in USFR (I acknowledge that yield will probably drop in the next few years), or split around 50% USFR, 30% JEPI, and 20% JEPQ. My main concern is that by 4 years when I need to start using the money, the principal for JEPI and JEPQ could be lower than what I started with if the price of JEPI and JEPQ are lower, meaning that I would have made more if I had everything in USFR. But I could also just start taking money from USFR in 4 years, and let JEPI and JEPQ marinate for a bit longer until they get closer to principal. The yield generated would go back to their respective funds throughout these four years.
Thanks for your help.