CAGE
Calamos Autocallable Growth ETF
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Recently moved to WS and talking to my best friend about it. He has $100k he wants to invest right now. He figures 5-10 years to retirement, tfsa is already full. Other investments , heavy in mag 7, tech etc. Was thinking Canada is safer bet in the near future bc of whats going on in the US. His risk tolerance is high so 8 -10 out of 10. Hes not the type to watch his portfolio all the time, so more of a set it and forget it with some monitoring. I was thiking something like CAGE or XEQT to keep things simple, he's also considering just getting WS to manage it with a high risk tollerance . Would love to hear any insights to what we are missing, perhaps taxes etc. have a great day.
Hey man, just go look at this website. I would never share this filth unless it was surprise. owned by SoFi who is like an abusive bank. First, it’s “check out my high interest saving account”. Then it was don’t you want to pay me $120 a year for access to that interest? What, hell no. Then you offer me 1% match on taxable accounts now it’s 2% percent but it’s given up front so they have horrible clawbacks. I had no idea and deposited $10k to buy automates, mainly CAIE and CAGE plus a little bit of long term bonds that I figure if they go tits up then I will be worried about looters not my portfolio. Don’t sign up for anything just look at what AI trading is good at it and all great traders are good at it because it works quickly but this is more established strategies you can copy and adapt. Basically, you want money or to be famous on some The drawdowns suck though but stick to the tried and true quant models https://www.composer.trade I also called out Hyperliquid and PURR months ago and mentioned them by name in a NASDAQ goes to 23/7 or whatever. It got an insane amount of upvotes but I said “because of Hyperliquid”. Now look at these bums over at the CME, CBOE and NASDAQ. Scared shitless of perps. Faster, less fees, better design and now they can’t have their fees because as a token holder you basically get 99% of Hyperliquid’s revenue of fees through 24/7 buybacks. We profit, they profit and it’s the most share/token holder company I’ve come across in a while. That is their selling point. No VC money, 11 guys, all geniuses at HFT and MM at Citadel just bootstrapped. It blew up overnight and then rode the crypto Trump boom but set itself apart when it took over oil trading with crude and Brent futures built into a perp, 24/7. No one wants to get fucked by Trump on a Friday. Turns out you don’t have to & quickly oil futures opened at Huperliquids perp pricing for Brent and crude. They did a great job on trading the pre-IPO of CXMT (biggest Chinese DRAM company) within a few percent which is much more accurate. Sigh….too much BTC ETH SOL HYPE trading, not enough sleep hence all the “caffeine” and rambling
No one does, unless it’s over a very short timeframe but you came within 2% with less beta and concentration. I have no idea what that Dow Jones total stock index is. Is it like VTI? Also you’ll never beat an index bc you have to pay fees on your ETFs. I’m just trying to beat the tax man. I bought a tax free muni etf from Schwab in my SoFi investing account bc I get an extra 1% in taxable accounts. 4% tax free sounds pathetic but it sure beats corporate bonds that are down & pay like 5%. I also park my cash in box spreads (index only) or just use CBOX ETF. Loaning or borrowing money from the options market will beat most personal loans and you can’t “guhhh” on index options. Also CAIE & CAGE are two laddered autocallable ETFs that outperform but just came into existence but the index they track has been around for a while. Again, these are all about getting exposure to the S&P w/ deferred taxes. All dividends paid by CAIE are treated as ROC (currently \~14.5% annually and CAGE is a bit riskier bc it has a 1.3 beta to SPX so it leverages its coupons & if they fall below a certain threshold they harvest the dividends & then reinvest. All dividends are reinvested & it’s at 28.3% yield annually. Considering I bought my shares day 1 for $25/share back in April & they are trading at \~$30 today that’s already 18%. I hedge both for black swan events with way OTM VIX calls. Currently using 45 and 50 strike calls worth a nickel. Learned that from the Covid Vix trader who would come through & hedge a massive portfolio with 50 strike nickel calls. He apparently still was down but a lot better off than other strategies that failed or blew up during that time. He or someone else is still doing it. Buying 100k VIX calls for September (the worst month historically) for a nickel each. The market is all over the place but breadth is widening so until bonds, gold, stocks and crypto all start going up at once I’m not too worried & will buy my nickel VIX calls especially since VIX and VVIX have been extremely cheap recently.
My CAIE & CAGE ETFs putting in work. plus my bullish bear put spread on SNDK although I didn't realize an investor day was worth a 16% move but that was nice of all the Koreans buying SOXL.
My wife says I can't day trade anymore RIP. You might as well lock me up and throw away the key because I'm wearing my CAGE!