HIGH: Be Careful With This 9.18% Yielding Cash Alternative
Why I changed my mind about this fund.
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” — Warren Buffett
When dealing with other people’s money, reputation can make or break your game.
Just one bad mistake could completely destroy people’s trust in you and set you back years before you regain that trust.
As a fund manager, it is your duty to remain vigilant, and unfortunately, Simplify Asset Management has not considered the risks of their actions highly enough.
Today, we’ll be covering HIGH, the Simplify Enhanced Income ETF. I once wrote about and recommended this fund.
However, after seeing various operational risks from Simplify, that is no longer true.
HIGH — Treasury Bills + Options
For those who are wondering what HIGH is and does, I wrote an article at the end of November last year detailing this fund:
