Would be for my mother.
Age: 60
Equity: broke
Savings rate: 30 - 99€ per month
Investment horizon: 5 years or less
Pension gap: XXL 😭
I'm thinking about saving for my mother 👼 and see a Trade Republic custody account with covered call ETFs as a realistic option, as the investment horizon is very short.
Trade Republic because it's easy to manage and I can regularly give her securities there. Furthermore, consuming the distributions with the account function/card would also be very convenient.
But which covered call ETF is suitable and what alternative strategies and options are there with such a short investment horizon?
