I'm sticking to my plan as I planned it @TomTurboInvest 😅 First buy up the position in the "Bausparer Depot" to such an extent that it runs by itself.

What you wrote about shorting is beyond my knowledge. I'll have to keep my hands off it

$VIS (-0,58%) I bought them once for the moat and the dividend. But unfortunately I have to realize that they only move sideways, if at all. As soon as the entry price is reached, they fly out again and then I shift into $WINC (+0,38%) or $TDIV (+0,54%)

expected pessimistic dividend in 2026 currently between € 800 and € 1100

and in 2027 between € 1100 and € 1400 with annual borrowing costs of approx. € 360

From now on, the dividends and payments will be fully $WINC (+0,38%) until the total net installment pays for itself (repayment and interest €165/month).

Annual target: €1,980 net

Current: 730 € net

Shortfall:

1,250 € net per year

-> Winc has to grow by around €25,000 to achieve this.

Then I'll start working on it next month :-)

My goal is for the portfolio to stand on its own two feet by the end of 2027 and continue to run on its own.

https://getqu.in/OVHKWa/

💡 Project: Cash flow strategy with building society leverage & ETF income portfolio

I would like to share a long-term project that I am currently working on.

The aim is to build up an income-oriented ETF portfolio with the help of a favorable building society loan, which in the long term will be self-sustaining.

Basic idea:

Instead of consuming the loan in the traditional way, the capital flows entirely into a broadly diversified distribution portfolio. The income is intended to cover the loan installment in the medium term - from this point on, the system continues to run without additional payments.

🔹 Structure of the portfolio

Currently invested in three high-dividend ETFs with option strategies:

• WINC - iShares World Equity High Income UCITS ETF
• → Global diversification, main building block & reinvestment target
• JEPQ - JPM Nasdaq Equity Premium Income UCITS ETF
• → Nasdaq exposure + option premiums
• JEGP - JPM Global Equity Premium Income UCITS ETF
• → Global diversification + defensive option strategy

Target: Stable cash flow + risk diversification

🔹 Savings plan logic

• Starting investment: Approx. €14,000
• Short-term additional investment: +2.000 €
• Thereafter:
• 500 € per month in the WINC (main position)
• 100% reinvestment of all dividends

Stop rule:

As soon as the monthly distributions fully cover the loan installmentno further no further payments will be made.

🔹 Objective

• Establishment of a self-sustaining cash flow system
• Long-term Reduction of effective borrowing costs
• Calm asset accumulation without pressure to sell
• Perspective: additional free cash flow after full repayment

🔹 Why this approach?

• Predictable credit costs (building society loan)
• Broad diversification
• Focus on current income instead of pure price fantasy
• Psychologically relaxed approach due to cash flow focus

🔢 Number projection (conservatively calculated)

Assumptions:

• Start-up capital: 14.000 €
• Short-term additional investment: +€2,000 in $WINC (+0,38%)
• 
  Monthly deposit: 500 € in $WINC (+0,38%)
• 
  Reinvestment: 100% of the dividends in $WINC (+0,38%)
• 
  Average net distribution yield: 7% p.a.
• Loan installment: € 165 / month (≈ € 2,000 / year)

👉 From approx. 28,000 - 30,000 € deposit value

• the system is is mathematically self-supporting and this should be the case in approx. 18 months

At the turn of the year I had already mentioned that I would try to shift a little more from real estate investments into securities, as I already have a very strong imbalance towards real estate.

The first part has now worked. I sold a small apartment that no longer really fitted into my real estate strategy. The money is now (partly) going into the portfolio and into securities that pay out dividends (to overcompensate for the rental income that no longer exists). However, part of the proceeds will probably go into a new real estate project as an equity share, which will then have relatively strong debt leverage, but is not yet signed at the moment.

$TDIV (+0,54%) , $WINC (+0,38%) , $BATS (-1,19%) and $RIO (+0,72%) are all additions. $MPCC (-0,25%) is a new addition.

$WINC (+0,38%) is running in my custody account on a savings plan. Now an additional debit has been logged in and the detail says reinvestment from distribution. This is new to me and I have only received dividends so far. Has this happened to anyone else? My broker is ING.

Wait, let me check again. Here it is. Here it is... 😅