As already announced, anyone who is interested can follow my investment in bonds.
Monthly savings plan to further feed the Euro bond ETF. As already announced, the interest from Italy was reinvested in addition to the savings installment of €700!
As already announced, anyone who is interested can follow my investment in bonds.
So now it's finally starting to rain. The first interest payment from Italy has arrived. 135€ gross, 118,12€ net minus withholding tax. Unfortunately I cannot insert this transaction here.
A rainbow is already forming on the horizon. The tide will rise.
I was surprised by the withholding tax. I had researched it beforehand and saw that interest payments from Italy would be tax-free. What was actually meant was that the withholding tax is reclaimable, i.e. not even creditable. Note to self: Never again Italian government bonds.
The interest will be reinvested with the next savings plan execution of the European bond ETF.
The aim is for your investment to reflect the performance of the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 25+ Index (index). The index reflects the performance of tradable debt (bonds) denominated in Euro or pre-Euro currencies issued by governments of five Eurozone countries: France, Germany, Italy, Netherlands and Spain. The composition of the index is rebalanced according to a pre-set methodology. For bonds to be included in the index, they must, on the relevant rebalancing date, have a remaining time to maturity of at least 25 years.
