Lions and friends…
Right or wrong I like to keep you updated on what I am personally doing.
As of late I have been buying up more shares of JEPI. (I bought more today).
I am NOT suggesting that anyone either buy or sell shares in/of JEPI, I am just outlining what I am doing.
MORE INFO. BELOW.
JEPI seeks current income while maintaining prospects for capital appreciation. The fund seeks to provide the majority of the returns associated with its primary benchmark, the Standard & Poor's 500 Total Return Index (S&P 500 Index), while exposing investors to less risk through lower volatility and still offering incremental income. Under normal circumstances, the fund invests at least 80% of its assets in equity securities. It may also invest in other equity securities not included in the S&P 500 Index.
Total Assets $10B
SEC 30 Day Yield (as of 06/30/22 ) 13.79%
Ann. Dividend/Yield $5.18/9.34%
Premium/Discount -0.13%
52-Wk Range 52.54 - 63.67
Money Swap is up 57% today. I knew it was going to run from it's 50 M.A up close to the 200. Don't like to daytrade unless I can babysit my trades. No time to babysit. Next time I'll just buy, then set my T.P. and stop, then leave it at that.
MSWAP Daily Chart:
https://docs.google.com/document/d/1YHRZPeX_lXTVyh03ldfOmGkP_ttTtfObS2HlQSJ-SdQ/edit?usp=drivesdk
Greg I know housing prices are still in a bubble, but what do you think about raw land?
I feel like rural land won’t burst along with housing, especially given what’s going on with food and general instability.