Global X NASDAQ 100 Covered Call ETF

Preparation for a temporary exit from the system.

Good morning everyone.

I would like to hear some suggestions on how you would proceed in my position.

I have been unemployed for almost 9 months now and only get rejections or no replies. I am from the logistics sector. I am 46 years old, currently live alone and have no children.

The economic situation in Germany is currently a challenge, ALG 1 is over at the end of March 2025. That means I need an alternative source of income if nothing changes by then. With my capital, there won't be any citizen's income anyway, and it will be almost impossible to hide the capital somewhere quickly. And in my situation, I don't want to be dependent on the state either, if at all possible.

In any case, I need a strategy to bridge the time after the end of ALG 1 benefits. Who knows how long it might take.

My aim is to cover my living expenses with the capital I have and, if possible, to generate a monthly cash flow of between 1500 - 2000€ net per month. That's enough for me to live a normal life, without big jumps of course. So my portfolio must be between 22000 - 28000€ gross per year.

The return is also secondary in this case, a high payout is important. This inevitably means taking on more risk.

I already have the $QYLE (-1.41%) in the portfolio, but in this case I would invest my entire $VWRL (+0.18%) and $CSNDX (-0.01%) and add JEQP IE000U9J8HX9. Roughly speaking, I would need at least 300k in JEQP IE000U9J8HX9. I personally rule out individual shares for the time being.

Part of $QYLE (-1.41%) may be sold to lend my brother the equity for the possible purchase of a property in Singen. But I'll get it back as soon as he sells his other apartment around the corner from me next year.

The only thing that worries me is the statutory health insurance. If I want to stay with voluntary statutory insurance, I don't understand exactly how the monthly contribution is calculated. About 12500€ a year is tax-free, because of the basic tax-free allowance plus 1000€ exemption.

Dividends are income, of course. The contribution for the GKV is calculated from this. But what if you live from your current account and cash? That does not generate any income. Is the minimum contribution for GKV calculated from this? I don't understand this system.

Perhaps someone can recommend who I should contact with this question. Health insurance company, tax consultant or lawyer? Which specialty?

In any case, I would like to hear your suggestions on how you would proceed in my case. Please without moralizing like part-time etc., because I don't want to sell myself for an apple and an egg or temporary work (yet).

Thank you very much

Almost enough for the warm rent 😂

Update High Yield Income Portfolio

There were a few changes to the portfolio in December.

New additions:

• $BXSL (-0.65%) I like the portfolio, very nice NAV growth
• $SDIP (+0.16%) is in my opinion an interesting diversification for the portfolio, but is rather experimental

Exchanged for:

• $QYLE (-1.41%) against $IE000U9J8HX9 (+0.49%)
• 
  $JEGP (-0.04%) against $IE000U5MJOZ6 (+0.36%)

I want to keep my div/dist yield at around 8-10% in the long term.

$IE000U9J8HX9 (+0.49%) I will only be saving with the distributions from the portfolio, so the weighting should slowly decrease for the time being, while I continue to save the other positions regularly.

Have you found any interesting stocks in the last month?

Portfolio feedback requested

I (early 50s, so still a good 15 years to work on the portfolio) would like to hear your opinion. I've been with Trade Republic since January, mainly because of the 4%. But then I started saving a few ETFs, then buying and selling a few shares. So I played around. At the moment my portfolio has three or rather four different parts. Let's put it this way, the family treasury has given me around €10k to play with. The rest remains in call money.

Of this 10K I would like to have a part to play, individual stocks, §IWDA, other ETFs that are close to me because of my work, XRP.

But that's not my topic here.

I want to build a dividend portfolio. Reduce working hours or improve pension, we'll see where the journey takes me. For now, I would reinvest all payouts.

The composition from December would look like this:

$MCD (-0.31%) 15%

$EXSH (-0.34%) 9%

$MAIN (+0.27%) 9%

$ARCC (+0.78%) 9%

$HTGC (+0.38%) 9%

$O (+1.22%) 9%

$CSWC (+0.32%) 5%

$PFE (+1.49%) 5%

$KAP (-2.04%) 5%

$JEGP (-0.04%) 5%

$TGT (-0.34%) 3,5%

$GAIN (-1.01%) 5%

$QYLE (-1.41%) 5%

$VHYL (+0.11%) 1%

What do you think about the composition? Should something go in/out?

My aim would be to distribute the monthly distributions evenly. I'll have to play around with the ratios a bit.

My problem is that the months of January, February, April and May look too poor. What would you suggest that pays out in these months?

Roast me!

So the first large sum from my big purchase at the time has arrived.

Question again to @nino99 and @AntonioJavier

Have you really received the dividend for $QYLE (-1.41%) for November?

If so, I'm really disappointed with TR. The last three times it was credited on payday, this time it's delayed.

$QYLE (-1.41%) QYLE: Looking at the chart, it has been running pretty hot, which is actually unusual for it in terms of both chart and strategy. Theoretically (!) the curve should always approach 0% in the long term, the distributions come via the premiums and make up the performance.

Wouldn't that be a good indicator to sell the thing on Monday and get back in when the price moves back towards the middle? I now have 5% performance in my portfolio, excluding distributions. Or have I misunderstood something here?

Dividend received in the cash flow custody account in November 💪🏻

A dividend payment will be made in November from $CHCT (+0.29%) 💰