Hello everyone,

I received an extraordinary special payment this month, which means that I have reached the 100k mark.

For tax reasons (utilization of the tax-free allowance) and other reasons, I have therefore

$IHYG (-0,03%)

IShares High Yield Bonds worth 85k and realized a price gain of almost 1,400 euros.

I have now reallocated these to Xtrackers (same ETF content) because

a) TER is significantly lower 0.2% Xtrackers to 0.5% IShares

b) Quarterly dividend (in my case just under 1,000 euros)

c) Tax-wise more favorable for me because with IShares dividend > price gain would be in March therefore not so great for tax purposes in case of short-term sale

d) Today dividend EX-date Xtrackers

Xtrackers High Yiled Euro Bond ETF

Interest rate hedging continues...

Increase...

Position swap for the nest egg.

I initially sold $XEON (+0,01%) completely and then added this high-yield bond ETF without currency risk to the portfolio instead. It pays out semi-annually and currently has a dividend yield of 5.7% according to Focus Money, which is at least a little more than $XEON

Interest payment today...

I must say that I am satisfied with this HY Bond ETF in Euro. It has an after-tax (Italian) yield of 4.73% on an annual basis, 6.39% gross. It pays the coupon semi-annually. Compared to an Italian BTP, it seems markedly cheaper to me. Too bad about the 26% dividend tax compared to the 12.5% tax on government bonds, but it's hard to find anything less risky with this yield. What do you guys think ? Hoping for lower rates from Christine Lagarde, there will (I hope) be an extra return on the value of the ETF.