Hi all! So I recently had an idea that I can't help but feel is ideal for my situation. That is, I'd love to average into the market but don't reliably have the income to do so.
If I have a lump sump and invest it into JEPI, I can then set the monthly dividend to automatically invest into the S&P 500.
Would that not be equivalent to a self sustaining system of averaging in? My original investment into JEPI would stay roughly the same, perhaps grow a little, and I'd be making the most of a growth index by automatically reinvesting.
I could even switch it up a little and do a mixture of JEPI & SCHD.
Is there a flaw to this plan?
Leave a Reply