My new monthly treat...

capital_guru_169@capital_guru_169

2Sem.

@NichtRelevant I discovered it via a regular newsletter, took a closer look at it and then recently got in with a first position...is still quite new with an issue date of 25.03.2025, but has cut a good figure so far even after the drop in April 😉

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1Sem.

@NichtRelevant you just have to hang around in the high yield forums on x reddit etc. In Europe the offer of these funds is still a bit thin but there are more and more. You should especially keep an eye on the x account of Hanetf, which is partnered with yieldmax US.

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NichtRelevant@NichtRelevant

1Sem.

@capital_guru_169 Thanks for the information. I'll take a look at it when I get the chance.

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2Sem.

How have you been so far? Surgery gone well? 😱

I bought these several weeks ago $ARE. You might like them too, albeit for different reasons to me. Got them as the next step for the real estate portion next to Realty income. Have suffered badly over the last few years. But have miraculously bounced up a bit since my purchase. My investment case was that this ride may have been punished a bit too much by the falling dollar, US interest rates and Trump's dislike of education. It had solid value when I bought it.
Whereby you also sold realty and went into an etf. (Which could normally come from me 😅)

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2Sem.

@SchlaubiSchlumpf thanks for asking...to be honest, I've experienced better times. Somehow nothing is the way it used to be...just had a big operation and have to fight my way back in many things, but in 2 weeks the rehab starts and then we'll see....

Well, I'm out of REITs for the time being...I recently sold $VICI and bought this CC instead. So I don't hold any more US stocks except via ETF 😅

I'm sure it will change again, but until then I'll be adding to 1-2 other things...

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2Sem.

@SAUgut77 I'll keep my fingers crossed! All the best in rehab! Hopefully things will improve again! The most important thing is to take care of your health.

No shares is normally my motto 😁 I'm only making an exception for REITs at the moment. I was a bit happy as a monkey when a stock that I thought was undervalued ( $ARE ) rose by 10%. Unfortunately only a very small position for the time being, as due to personal circumstances I now have to top up my nest egg again.

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2Sem.

Thank you and that was probably true, just like the nest egg 😉

But no shares is not a solution either 🤫 I'm doing best with both growth and dividends. In the meantime, my wife continues to stubbornly save in her AllWorld ETF and I still have my two CCs in addition to the shares.

It's a good fit for us so far, but I wish you all the best with your new REIT, maybe the FED will give it more momentum, but I doubt that anything will happen this week...

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2Sem.

@SAUgut77 To be honest, me too. Wasn't really a FED bet either. Wanted to cover real estate sector, stumbled across it and it sounded fundamentally sound. I don't think I'm beating analysts making the market by analyzing a few fundamentals, but hope to at least not pick garbage.

What exactly are CCs?

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2Sem.

@SchlaubiSchlumpf I also have 17 REITs in another watchlist and will certainly pick up another one....

CC are "Covered Call ETFs", in short, like all of them they naturally expect price gains, but mainly sell options on their shares in the portfolio and thus generate additional income from option fees.

In other words, if the sold call on the share is not triggered or the share falls, the share itself and the fee for the option remain... if the share rises and still remains below the agreed call price, the share remains with added value and the fee for the option remains...., but if the option is triggered, the share is sold at the previously agreed price, even if the price is above the agreed call price, and the fee for the call and a smaller profit remain.

CCs also pay out monthly, are usually characterized by higher distributions and of course still enjoy the tax advantages of an ETF. However, it is important to note that not all that glitters is gold...that's why I only have two in my portfolio so far, but both were exchanged for my previous REITs $O and $VICI.

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2Sem.

@SAUgut77 Oh, I think I've heard of that. Of course, it generates a high cash flow, which is distributed as a dividend from the ETF. In the event of price losses, you are better off than with the underlying asset. The profit is capped. Should have similar characteristics to discount warrants. Only as an ETF not limited in duration, as rolling within the ETF?

I think the problem could be that markets like to run in extremes. Extreme markets tend to be bad. For example:
Underlying drops 30%. Covered call has 25% loss due to fee. You are better off than ETF. Next period: Underlying rises by 43%, i.e. returns to the original level. Warrant is triggered and I get out with a 12% profit. But I have suffered a loss overall.
This fictitious scenario would be the risk of the CC, correct?

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2Sem.

@SchlaubiSchlumpf not quite, they are not discount warrants in that sense.

It is true that if prices fall, the option premium puts you in a better position than the underlying itself. It is also true that profits are generally limited in the event of a major rise, but here it also depends on whether and at what prices the call options are sold.

So it doesn't always have to be negative or a loss, although as you rightly say, the risk itself exists.

But let's take my CC <security:n/a:IE000MMRLY96> mentioned here in the article...it took the 17% downturn in April but had fully recovered by the beginning of May; the situation is different with $JEGP, which has not yet fully recovered.

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Solitair@Solitair

2Sem.

Where do you buy it?

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2Sem.

@Solitair Gettex

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2Sem.

@Solitair also available from ING

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2Sem.

@He-Man ING...ok to manage but too expensive to trade 🍔🍟🍕🌭🥪🌮🌯🍲🥗🍿🥤😁

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Solitair@Solitair

2Sem.

@SAUgut77 with which broker?
@Kundenservice It's really annoying that you can't at least copy and paste the ISIN on the page with the fundamental data. At least on the cell phone
Edit: found it, Zero has it. I'll have to have a think about it

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2Sem.

@Solitair in the browser you can use the 😉

Oh well...Smartbroker+ or via Gettex

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2Sem.

@SAUgut77 Certificates are free of charge from 1K at ING. And if you have "earned" platinum status, you can even buy in the USA for €0, which would otherwise cost €14.90.

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2Sem.

@He-Man It's just a shame that we don't have a certificate or US share here 🤫🍿🥤😁

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2Sem.

@SAUgut77 That's right 🤗

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Chandra@Chandra

2Sem.

@Solitair It works on my smartphone (iPhone). Simply press and hold on the ISIN and a "copy" button pops up.

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Solitair@Solitair

2Sem.

@Chandra I have an Android cell phone and nothing happens.

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2Sem.

At ING, however, I only see 10 companies when I also go to the composition.🤔

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2Sem.

@He-Man you see the 10 biggest, but there are 25...have a look here at GQ 😉

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Yieldrology@Yield-Ahead

2Sem.

Interesting, the selection of CC funds is constantly increasing. Forecast distributions of 24%? Hopefully the ETF will not suffer NAV erosion. I'm keeping my fingers crossed 💪

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Yieldrology@Yield-Ahead

2Sem.

I just saw on the HanETF website that there is probably a new similar alternative, but TER "only" 0.65: FEPI https://hanetf.com/de/fund/rex-tech-innovation-premium-income-etf/

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