Replies to post #198101 on The Question and Answer Board (IHUB)

[bar1080]

I see what you're referring to. There's little_"reality" with GLDI which is a tiny monthly-pay gold-related ETN (Exchange Trade Note). The yield varies wildly by the month and with the options they are able to sell. For example, it paid $0.24 one month and $0.02 the next!

GLDI may offer some very specific benefit for exotic hedging, but it certainly doesn't belong in the portfolio of 99.9% of investors, especially retirees.

Sometimes you have to dig "Under the Hood" of investment "products" and that means reading stuff that's really hard to understand if you don't have a masters in finance.

Am I missing something with GLDI?

[IH Geek [Warren] (former)]

Hello GO4AWILDRIDE,

Thank you for reporting this issue. I have created a ticket to investigate the source of the issue further. At first glance it appears to be a decimal point issue. This is because the detailed financials show the same yield with correct decimal value https://ih.advfn.com/stock-market/NASDAQ/credit-suisse-x-links-go-GLDI/financials

We'll know more after a detailed analysis and hope to have this issue fixed soon as possible.

Please let me know if you have any further questions.

Warren
InvestorsHub