Savings and Investments thread

Diebythesword said:

Carter said:

I'd be interested to hear what the wise sages and others who have a dog in the fight think about these leveraged or covered-call products that seem invreasingly popular. 

I've been looking at them mainly JEQP from JP Morgan  

I'm dubious when anything appears too good to be true especially with things like this. Its hard to do unbiased, objective research as people either think they are hokum or the best and only thing to be invested in. No in-between 

So I've pulled a few into a pie and put a small amount in that pie to see what happens. 

I have almost exclusively learned from mistakes as opposed to wins regarding investing and if I lose every penny on these I'm no worse off for the lesson. 

I would be really interested to hear what our proper experts think about though 

What fees are you paying? Once you take that into account and the emotional impact of bigger swings you might end up with less than you originally had. 

I’d also be interested in others views, as I’m (just) in the first half of my 30s I can afford to take on a bit more risk. 

No fees apart from FX where it applies 

Been in both only just over a month now 

One has a dividend yield of 23% but a loss of 2% 

The other has stayed level and has a dividend yield of 13.7% 

All the products are held on the London stock exchange so whilst I'm happy to be proven wrong I don't think there should be any tax or fees on the dividends. 

Like I say, they seem a bit too good to be true so probably are. As they are really income-focused they would need a real leap of faith, like a time share (!!!) For them to really pay off as the fat is in the income and accumulation as opposed to their price growth. And a much larger investment than I am currently willing to risk on something I definitely don't know enough about. Covered-call ETFs

Still staying away from crypto though