$WINC (+0.27%) is running in my custody account on a savings plan. Now an additional debit has been logged in and the detail says reinvestment from distribution. This is new to me and I have only received dividends so far. Has this happened to anyone else? My broker is ING.

Wait, let me check again. Here it is. Here it is... 😅

A brief question to understand how the $WINC (+0.27%)

Unlike the $JEGP (+0.11%) the ETF works with futures in order to capture the upside in strongly rising markets. In itself a very nice idea, which works well compared to other covered call ETFs, if you look at it in comparison to the benchmark MSCI World.

Now to the actual question:

if you assume a long-term average return of approx. 7% for the MSCI World and the $WINC (+0.27%) 9.5%, then there should be a negative price trend in the long term with the dividend or payout discount (-2.5%). Am I right or have I missed something?

Due to some partial profit-taking in the (US) tech/AI sector ($NBIS (+1.99%) / $AVGO (-0.4%) / $MPWR (+0.2%) / $AMD (-0.26%)) and OS selling ($RKLB (+2.36%) / $AMD (-0.26%)), the portfolio will be rebalanced and restructured. $RKLB (+2.36%) , $LMND (+1.77%) , $GOOG (+0.94%) and $9988 (-2.81%) but I'm not touching them (yet) 😀

Unfortunately, the entry prices for GQ have been completely messed up due to the recent transfer from TR to SC.

• After almost a year of watching, I dare to re-enter at $GRAB (+1.38%) - further increase to 500 shares would be considered
• at $HIMS (+1.18%) a limit buy at €25 is lying in wait, increase from 40 to 60 shares planned
• $NOW (+0.36%) increased to 13 shares
• $WKL (-3.39%) increased to 18 shares
• $AJG (-0.26%) Position filled, 7 shares
• $DXCM (-0.42%) Position filled, 26 shares
• Doubling of the small speculative position at $ONWD (+0.06%) planned to 120 shares, limit buy @ € 4.30
• 10 shares $TEM (+0.5%) collected, savings plan continues
• $RSG (+0.38%) , $CCEP (+0%) and $DDOG (+0.41%) also continue to run in the savings plan alongside the ETFs $UBU7 (+0.22%) , $WINC (+0.27%) , $SCWX (+0.35%) and $EXH5 (+0.45%)

I am still undecided about the potential increase in $UBER (+0.49%) , $NU (+0.49%) , $ZTS (+0.25%) and $TTD (+0.71%) - and would be happy to hear a few opinions! I feel Nu and Uber are the most likely at the moment - although Waymo is accelerating well.

$WINC (+0.27%)

**Summary:**

I plan to draw down a building society loan of **€16,800** **without residential use** and invest specifically in **3 income-distributing ETFs**.

The aim is **cashflow-based repayment within approx. 24 months**, not buy & hold for 10 years.

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## 🏦 Financing (fixed)

* Loan amount: **16.800 €**

* Debit interest rate: **2,15 %**

* Term (formal): **10 years**

* Special repayment: **possible monthly at any time**

* Monthly interest charge: **≈ 30 €**

* Strategy: **Dividend income + special repayment**

*My goal repaid after 24 months loan

📊 Planned investment (debt capital)

**Equalized distribution: € 5,600 each**

1️⃣ **iShares World Equity High Income Active UCITS ETF**

ISIN: IE000KJPDY61 $WINC (+0.27%)

→ Global equity income, high distribution (mainly quarterly)

2️⃣ **JPM Nasdaq Equity Premium Income Active UCITS ETF**

ISIN: IE000U9J8HX9 $JEPQ (+0.31%)

→ Nasdaq exposure + option premiums, **monthly distribution**

3️⃣ **JPM Global Equity Premium Income Active UCITS ETF**

ISIN: IE0003UVYC20 $JEGP (+0.11%)

→ Globally diversified + option strategy, **monthly distribution**

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💸 Expected cash flow (conservative)

* Total net dividends: **≈ 90-108€ / month**

* Interest covered: **yes**

* Pure repayment portion from distributions: **≈ 60-78€ / month**

* Additional repayment planned from own funds (dividends from the existing portfolio are diverted to repayment)

➡️ **Target:** Full repayment in **~24 months**, then cash flow free.

🧠 Risk classification (deliberately chosen)

* No margin, no Lombard

* Fixed interest rate < expected cash flow

* Income ETFs → limited upside, but predictable return

* Main risks:

* Reduction in distributions

* Sideways/downwards markets

* Option strategies limit price gains

💸 Cash flow side (income ETFs)

Conservative net distribution yield of the ETF basket:

≈ 6.5-7.0% net p. a.

corresponds to 650-700 basis points

➡️ Spread (yield - interest rate):

+435 to +485 basis points

🧠 Interpretation (for the community)

No classic growth lever

No price momentum required

Leverage based purely on carry

Comparable with:

conservative credit spread

structured income overlay

Yes, a savings plan on the Msci world could be in the portfolio after 2 years with a higher book value, but after 2 years I have one the shares in the 3 ETFs and monthly cash flow free

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## ❓ Open questions for the community

* How do you see the project?

* Is the **2.15% fixed interest rate** a justifiable "leverage" from your point of view?

* Would you set the weighting of the three ETFs differently?

* Am I overlooking a structural risk?

I am very happy to receive critical opinions.

The goal is not "get rich quick", but controlled cash flow with a quick payback