Pumanator
Zephir
- Joined
- Sep 8, 2019
- Posts
- 1,954
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Hey guys. After browsing this site for hours and learning countless things about looks and status I really got into money maxing, since surgery is expensive. Before the blackpill I didn't care about money and I only worked to pass time and for social connection.
I wanted a stable way to compound my money.
I traded a little bit of stocks, but I had to watch the price daily and follow the news to learn the market, that was stressful.
I don't like risk so I wanted to gain money safely. I found a divident stock that yield a 12% divident and barely moves. 12% yearly return is really solid and alot of people can't beat that or go even negative.
It's called:
Global X NASDAQ 100 Covered Call ETF
When the market moves downward (see corona dip in march 2020) in barely moves downward and when the markets moves up it follows more slowly (giving barely room for growth).
It works by placing covered calls and paying the premium and profit that may happen to the etf holder. The shares are sold every month, so fluctuations are less in the stock price.
I am planning to store like 20k there and get 2.4k per year in divident compounding, while adding like 1k a month there.
What are your guys thoughts about this?
Anyone else got this stock and what are their experiences?
Also I couldn't buy the stock on degiro, but I saw its available on Fidelety. I can use Fidelety in Europe right and buy all the stocks there?
I wanted a stable way to compound my money.
I traded a little bit of stocks, but I had to watch the price daily and follow the news to learn the market, that was stressful.
I don't like risk so I wanted to gain money safely. I found a divident stock that yield a 12% divident and barely moves. 12% yearly return is really solid and alot of people can't beat that or go even negative.
It's called:
Global X NASDAQ 100 Covered Call ETF
When the market moves downward (see corona dip in march 2020) in barely moves downward and when the markets moves up it follows more slowly (giving barely room for growth).
It works by placing covered calls and paying the premium and profit that may happen to the etf holder. The shares are sold every month, so fluctuations are less in the stock price.
I am planning to store like 20k there and get 2.4k per year in divident compounding, while adding like 1k a month there.
What are your guys thoughts about this?
Anyone else got this stock and what are their experiences?
Also I couldn't buy the stock on degiro, but I saw its available on Fidelety. I can use Fidelety in Europe right and buy all the stocks there?