Hey there, fellow investors! Today, I'm thrilled to share some exciting news with you about Global X Investments Canada Inc.'s latest game-changing move in the Canadian ETF market. They've just unveiled three brand-new ETFs on Cboe Canada that promise to revolutionize your investment portfolio by offering exposure to U.S. small-cap equities and the ever-growing world of Bitcoin. Let's dive in and explore these groundbreaking investment opportunities together!
Exploring the New ETF Offerings
Global X Enhanced Russell 2000 Covered Call ETF (RSCL)
Let's kick things off by talking about the Global X Enhanced Russell 2000 Covered Call ETF (RSCL). This ETF is all about giving investors a piece of the action in the world of small-cap U.S. equities while also providing monthly income through covered call options on these assets.
Global X Bitcoin Covered Call ETF (BCCC) and Global X Enhanced Bitcoin Covered Call ETF (BCCL)
Now, let's shift our focus to the stars of the show – the Global X Bitcoin Covered Call ETF (BCCC) and the Global X Enhanced Bitcoin Covered Call ETF (BCCL). These two ETFs offer investors a unique opportunity to ride the Bitcoin wave while enjoying the added benefit of bi-monthly distributions, a first in the Canadian market!
The Investment Strategy Unveiled
Generating Income with Bitcoin Exposure
Looking closer at BCCC, this ETF invests in Bitcoin-holding ETFs and generates income by writing covered call options on a significant portion of its portfolio. By not hedging its foreign currency exposure, BCCC aims to deliver consistent yield to investors.
Amplifying Returns with BCCL
BCCL takes things a step further by leveraging its portfolio to target a 125% leverage ratio, amplifying exposure and potential returns for investors. Like BCCC, BCCL utilizes a dynamic covered call strategy and does not hedge its currency exposure.
Why Global X Stands Out
Pushing Boundaries in the ETF Space
With this latest ETF lineup, Global X now offers a total of sixteen ETFs on Cboe Canada, showcasing their commitment to innovation and providing investors with diverse thematic and income-generating strategies. Their rapid growth and forward-thinking approach set them apart in the competitive ETF landscape.
Embracing the Future of Investing
Seizing Investment Opportunities
Ready to explore these cutting-edge ETFs? Whether you're a seasoned investor or just starting your investment journey, these new offerings from Global X on Cboe Canada open up a world of possibilities for you. Take advantage of these innovative investment tools available on standard brokerage platforms across Canada and elevate your portfolio to new heights!
Remember, the world of investing is full of opportunities – seize them with confidence and let your investments thrive with Global X's transformative ETFs!
Frequently Asked Questions
What is a Precious Metal IRA, and how can you get one?
A precious metal IRA lets you diversify your retirement savings to include gold, silver, palladium, rhodium, iridium, osmium, osmium, rhodium, iridium and other rare metallics. These rare metals are often called “precious” as they are very difficult to find and highly valuable. These are excellent investments that will protect your wealth from inflation and economic instability.
Bullion is often used for precious metals. Bullion is the physical metal.
Bullion can be bought via various channels, such as online retailers, large coin dealers and grocery stores.
An IRA for precious metals allows you to directly invest in bullion instead of purchasing stock shares. This ensures that you will receive dividends each and every year.
Precious metal IRAs do not require paperwork nor annual fees, unlike regular IRAs. Instead, your gains are subject to a small tax. You can also access your funds whenever it suits you.
Who is the owner of the gold in a gold IRA
The IRS considers gold owned by an individual to be “a type of money” and is subject taxation.
To be eligible for the tax-free status, you must possess at least $10,000 gold and have had it stored for at least five consecutive years.
Gold can be used to protect against inflation and price volatility. However, it is not a good idea to own gold if you don't intend to use it.
If you plan to sell the gold one day, you will need to report its worth. This will affect how much capital gains tax you owe on cash you have invested.
A financial planner or accountant should be consulted to discuss your options.
Can I own a gold ETF inside a Roth IRA
While a 401k may not offer this option for you, it is worth considering other options, such an Individual Retirement Plan (IRA).
A traditional IRA allows contributions from both employee and employer. You can also invest in publicly traded businesses by creating an Employee Stock Ownership Plan (ESOP).
An ESOP is a tax-saving tool because employees have a share of company stock as well as the profits that the business generates. The tax rate on money that is invested in an ESOP is lower than if it was held in the employees' hands.
Also available is an Individual Retirement Annuity. With an IRA, you make regular payments to yourself throughout your lifetime and receive income during retirement. Contributions to IRAs will not be taxed
How much do gold IRA fees cost?
The Individual Retirement Account (IRA), fee is $6 per monthly. This includes account maintenance and any investment costs.
You may have to pay additional fees if you want to diversify your portfolio. The type of IRA you choose will determine the fees. For example, some companies offer free checking accounts but charge monthly fees for IRA accounts.
Most providers also charge an annual management fee. These fees can range from 0% up to 1%. The average rate is.25% annually. These rates can often be waived if a broker, such as TD Ameritrade, is involved.
Statistics
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
External Links
law.cornell.edu
- 7 U.S. Code SS7 – Designation Boards of Trade as Contract Markets
- 26 U.S. Code SS 408 – Individual retirement plans
