Credit Suisse X-Links Exchange Traded Notes (SLVO)

[shotsky]

You don't seem to understand how ETN's work. They start at a higher price, give a maturity date, and pay out variable rate dividends over time. The basic share price always descends over the years. (Look up any ETN halfway through its maturity date.) But, you get monthly dividends that add up. The gamble with ETNs is whether you make up the initial investment with dividends over time. With SLVO's dropping share price AND dropping dividend, I sold most of mine and put it into USOI. When that repeats what SLVO has done, I will sell it and look for something else that pays monthly dividends.
And for anyone thinking about reverse splits - ETNs don't do that. But there is one thing to beware of, especially with SLVO - the company can call them and pay you the current rate, and you will simply be out of the stock. It has happened to me - the stock simply disappeared out of my portfolio and I was left with cash for them at the then current rate. If you haven't kept up with the dividend cash vs share price drop, you can lose plenty. If you see dropping share price and dwindling dividends, you should remain alert.