RE: Early Market Update and a Look at the Wilting Dollar.

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Early Market Update and a Look at the Wilting Dollar.

in markets •  7 years ago 

What is your opinion of stocks like SLVO, GLDI and GGN? Writing covered calls for dividend distribution?

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@cryptobanker I'm not familiar with these but just had a quick look online. SLVO and GLDI are both ETN or exchange traded notes issued by Credit Suisse so I personally would not want to deal with a big international bank even though it's from Switzerland. ETNs are basically bets or derivatives so if CS were to get into trouble they might not honor their ETN obligations. The other one is a trust so again there is added counter party risk. I do not have a problem with selling covered calls as you get an income but the problem I have is having to go through the bankers to do it and especially through an ETN as they might not even be doing what it says on the package (sell covered calls)

Good information! Thank you!

You are welcome.