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Bullboard - Stock Discussion Forum CI Gold+ Giants Covered Call ETF T.CGXF

Alternate Symbol(s):  T.CGXF.U

The investment objective is to provide holders with i quarterly cash distributions ii the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 25 largest issuers measured by market capitalization chosen from the SPTSX Capped Materials Index and iii lower overall volatility of returns on the portfolio than would be experienced by owning a... see more

TSX:CGXF - Post Discussion

CI Gold+ Giants Covered Call ETF > Warning: Ponzi scheme !
View:
Post by luscar99 on Feb 09, 2024 10:17am

Warning: Ponzi scheme !

In case you haven't figure it out yet CGXF is a scam. A Ponzi scheme where you get a part of your own money back via monthly distributions (Return of Capital).

The rest of your money would be looted as MER, providing generous salaries and bonuses to people who theoretically should be profitably trading gold equities but have no idea what they're doing.

It has no relation with the price of gold or gold equities. Just a fancy name to attract morons who wrongfully believe they invest in a gold proxy.

You'll never get your money back and the longer you remain in the game the more money you'll be robbed of.
Comment by tinkvid on Mar 11, 2024 1:25pm
Yeah, Thats why I dont hold this longterm.....Great for a good run and take your profits. ANY Covered call is a trap. Back in mid 8's and gonna hand it back to them.   But in these make like a bandit and run....Don't hold for longterm
Comment by tinkvid on Apr 12, 2024 10:07am
Solid move up.
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