JEPI - Why I Keep Loading Up on These 2 Passive Income Machines
2024-05-22 08:13:00 ET
One of my top financial goals is to eventually generate enough passive income to offset my recurring expenses . That way, I won't have to rely on my active income from working to pay the bills. It will give me a lot more freedom, financially and with my time, to pursue other things.
While I have a long way to go, I plug away at this pursuit as I have spare cash to invest. I focus on investing in companies and funds that generate an above-average income stream that should grow over time. That strategy is leading me to load up on JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI) and W.P. Carey (NYSE: WPC) . Here's why I keep buying these two passive income machines.
JPMorgan Equity Premium Income ETF is an exchange-traded fund (ETF) with a dual mandate. It aims to make monthly cash distributions to investors. In addition, it seeks to provide equity market exposure with less volatility compared to the broader market.
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Why I Keep Loading Up on These 2 Passive Income Machines