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Börsenbahnerin
@Boersenbahnerin
1Sem.·

First purchase

I'm excited to see how it develops


What do you think?

23.09
GLD
Other IncomeShares Gold + Yield ETP
Acheté x43 à 11,54 €
496,39 €
5
10 Commentaires
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Epi@Epi
1Sem.
Can you tell us something about the product?
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Mo@BigMo
1Sem.
@Epi This seems to be a covered call strategy on gold 😭
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Börsenbahnerin@Boersenbahnerin
1Sem.
@Epi
This ETP invests physically in gold (via the SPDR Gold Shares ETF) and also sells out-of-the-money call options to generate current income ("covered call" strategy).
The total costs (TER) are around 0.35% p.a. and income is distributed monthly.
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Epi@Epi
1Sem.
@BigMo Oh dear, covered call ETFs - limit the gains, but not the losses. 🙄
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Epi@Epi
1Sem.
@Boersenbahnerin Take a look at the article by Ben Felix (financial mathematician): https://youtu.be/YMLVdY8y8vM

If you're still interested in CC ETFs, then they're really something for you. 😅
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j0keR61@j0keR61
1Sem.
@Epi so better hands off
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Börsenbahnerin@Boersenbahnerin
1Sem.
@Epi I am aware of the risks.
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SanSebastian@WarrenamBuffet
1Sem.
I also have them in my portfolio. Just like silver
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Max@Divident_e
1Sem.
Maybe the train has already left the station
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Börsenbahnerin@Boersenbahnerin
1Sem.
@Divident_e Well, let's wait and see - the company pays out monthly if necessary. Bridges the waiting time. Until it rises again
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