Nov. 10 at 4:09 PM
$SMHB Strong Buy on SMHB at this
$3.82 level, as this is where you leverage in so that really big Coupon (aka Dividend) payments kick in with higher APR (at this price level, the APR is over 20% btw, because of 2x Leverage ETN). Always know the risks of ETNs, as this isn't financial advice, but think of me like a Valet helping park your car. This ETN is a great "park your money" place if you can get good Entry Points on downturn months and at least hold long enough so you get credited for the monthly Coupon payment. Ex-Dividend Day is Nov 12th so you only have 2 trading days to buy in to get on Record for the monthly Coupon, which this month is
$0.0338 at this precise price (APR 21.43% as of this moment with SMHB quoted at
$3.82). Reminder, trading Supply/Demand has minimal effect on price, as it tracks a 100-stock Index run by MSCI. Top 3 in Index:
$WU,
$CIVI, and
$NE. Once more Interest Rate Cuts occur, SMHB underlying stocks in the Index will rise and Dividends will grow.
