2Wk·

Experiment with deposit credit

1- Apply for a custody account loan with Scalable

2- Purchase CC ETF on credit in the maximum amount of 5 net monthly dividends

3- Let the CC ETF repay the loan automatically each month

4- Start a new cycle with €200 more

Let's see how it goes. It's more of a small test, we have enough reserves, don't worry :)

02.06

Global X NASDAQ 100 Covered Call ETF

Bought x145 at €13.75

€1,994.04

22 Comments

capital_guru_169@capital_guru_169

2Wk

Unfortunately, the performance of this product is, to put it bluntly, shit if you look at the competition in the USA.

Let's see if yieldmax and Hanetf bring out more products. The new ETf from them seems to me to be a better alternative to Global X in any case.

•

Cekay@CMustermann

1Wk

@capital_guru_169 Which one do you mean exactly?

••

capital_guru_169@capital_guru_169

1Wk

@CMustermann IE000MMRLY96. Only a few months old. Has already paid a distribution of around 2%. But I'm still waiting before I put larger amounts into it. But I do have a small position.

•

Cekay@CMustermann

1Wk

@capital_guru_169 Thank you! I'll keep an eye on it.

•

Oktoberfest@Oktoberfest

1Wk

I did it too, Chatgpt did the math again. It pays for itself. Whereby chatgpt said you should reinvest the surplus 😉

•

Cekay@CMustermann

1Wk

@Oktoberfest It's really crazy, when you reach a certain deposit size, such opportunities suddenly open up. That probably only increases the further you get.

•

Welpe@derrenditewelpe

1Wk

Really looking forward to updates on this idea, sounds risky but exciting.

•

louisj10@louisj10

2Wk

Interesting! Will follow it

••

Dividendenopi👴@Dividendenopi

2Wk

Either I don't understand or you've miscalculated. 🤔. 145 x 0.14 distribution per month is 20.30 euros times 5 is a good 100 euros....brutto.

••

Cekay@CMustermann

2Wk

@Dividendenopi I have a position of 36k in the asset :) I should probably have mentioned that

•

Dividendenopi👴@Dividendenopi

2Wk

@CMustermann not only perhaps 😉, you would have written that you would like to cover the increase in your position and the costs of the corresponding financing from the total distribution of all shares...

••

Finanzaristokrat@Finanzaristokrat

2Wk

@CMustermann In the business world, this is called: misleading 😆

•

Golden Boy@randomdude

1Wk

Have you done the math?

••

Cekay@CMustermann

1Wk

@randomdude Yes, distributions - tax - interest on loans still results in a return and I don't have to add my own capital.

With distributions from this position and another one, the custody account reached cycle 2 on 01.11., then with a loan of € 2200

•

Rendite Rudin@RenditeRudin

1Wk

Why not rather $QQQI

••

capital_guru_169@capital_guru_169

1Wk

@RenditeRudin You Swiss have it good. The EU won't let us trade this and all other non-UCITS-compliant ETFs.

•

Toni@Cieloazul

1Wk

@capital_guru_169 But you can buy it via Flatex for 7 euros ... or have I made a mistake? there is also the SPYI... and the usual suspects...

••

capital_guru_169@capital_guru_169

1Wk

@Cieloazul Have you tried it?

••

Toni@Cieloazul

1Wk

Not yet... but could find it under my mother's flatex account you have three exchanges to choose from twice and once one with a strange name costs about 7 €

••

Rendite Rudin@RenditeRudin

1Wk

@capital_guru_169 ah shit... that's a shame of course!

••

capital_guru_169@capital_guru_169

1Wk

@Cieloazul finding is no problem. I can also find it in maxblue Broker, for example, but I can't buy it because there is no KID. But I am confident that more such products will come onto the European market in the future.

•

FreiBier@FreiBier

1Wk

Personally, the idea is too risky for me, especially in view of the current US market situation. But basically interesting, please keep me posted! 🙂

••