I Bought $15k of CPSM Today

This is NOT financial advice so don’t do something because someone on the internet did it. Do you own due diligence on investments that meet YOUR needs not someone else’s need. Having said that, I bought $15,000 of CPSM this morning.

I wrote about CPSM here if you want to learn more about it from a CNBC video. Essentially the fund is supposed to return 9 percent with guaranteed capital downside protection so we’ll see how well that works over the year.

The same firm that created this ETF will release two others based on the QQQ and IWM at some point in the future and I’ll look into those but I consider this an experiment so be cautious and skeptical and do your own due diligence.

Most of my money right now continues to be invested in cash and T-bills but if this does truly pay out it will be nice to have a 9 percent return on top of my 5.3 percent returns on cash.

If this ETF does eventually pay out as promised, it may serve as a good portion of my portfolio moving forward but we will have to wait and see if it does what it says it will especially if the market turns sour later this year.

Also note that I am hedged with PUTS on the S&P 500 (SPY) that I bought for later in the year so if CPSM tanks I’ll have an insurance policy in place to offset some losses.

Share The Wealth

What do you think of this ETF? Do you have something better? If so, share the wealth and let me know in the comments.