Question about the Covered Call ETF

3Wk

I think there is also an increase in the popularity of this title. I have seen advertisements in various places. (DivvyDiary, FinanceNet-Zero)

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Cekay@CMustermann

3Wk

@Atacama i understand, then i'm glad i sold and will come back when the hype is over and the curve is flat again :D

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3Wk

... I'll happily buy more anyway 😉

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3Wk

I would also like to put a lot more money into it but as long as I don't know 100% how the ETF is taxed (Austria is a bit stupid) it will stay at 10 units :(

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3Wk

@Rick hmmm... I would have thought that there is a dividend, as in any other case. But I don't know the Austrian tax law.
In DE, I regularly pay my taxes on the dividend and, if applicable, on a profit when I sell...
But I'm not planning to sell; I'm a dividend collector 😎

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3Wk

@Atacama It depends on whether it is a reporting fund or not. And even if it is, it may be that AIF applies, then in addition to the normal Kest there is a distribution-like income, then the taxation is 47% and more. This happened to me with the US variant. Also applies in Austria to Reits and BDs and what they are all called 😢

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3Wk

@Rick 😕..oh how stupid 😔

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3Wk

@Rick It's really bad, all the taxes on securities in Austria. I thought DE was already ripping people off, but Ö tops even Germany.

If you're a private citizen, you should leave Austria

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3Wk

@ScorpionfromBW I plan to do this as soon as my dividends reach € 2200 net per month ;)

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3Wk

@Rick but I think that will take some time for you. But I'll keep my fingers crossed for you

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3Wk

@ScorpionfromBW I already have €1280/month

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3Wk

@Rick ok great. Then hopefully you'll make it until 2030 according to your goal. I could already retire if I put most of my money into $QYLE or something similar. Who knows what else I'll come up with

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3Wk

@Rick Where do you want to emigrate to? Hopefully not to Germany 🤣

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