1Wk·

First purchase

I'm excited to see how it develops

What do you think?

23.09

GLD

Other IncomeShares Gold + Yield ETP

Bought x43 at €11.54

€496.39

10 Comments

Epi@Epi

1Wk

Can you tell us something about the product?

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Mo@BigMo

1Wk

@Epi This seems to be a covered call strategy on gold 😭

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Börsenbahnerin@Boersenbahnerin

1Wk

@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

1Wk

@BigMo Oh dear, covered call ETFs - limit the gains, but not the losses. 🙄

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Epi@Epi

1Wk

@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

1Wk

@Epi so better hands off

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Börsenbahnerin@Boersenbahnerin

1Wk

@Epi I am aware of the risks.

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