I have about $200k invested in FEPI and JEPQ ($100k each). Overall loss / gain is -0.5% FEPI / +5.75% JEPQ. Distributions are netting me $25k this year for FEPI and $10k distribution JEPQ.
Looking into 2026, would it be better to net \~$24k and DRIP monthly distributions into my SP500 ETF, DRIP back into FEPI / JEPQ, or sell JEPQ and FEPI and take the $200k and redeploy into SP500 ETF (give up on CC funds)? Better to me means stronger returns, growing my account balance. Mid 40s, taxable account.