Thanks again Adrian, I started with you a few years ago, and have now reached 450.00 per month in dividends... goal for 2025 is 1000.00. Happy New Year to you and Erica..
I think you mistakenly got it backwards (@ 4:32). HYLD is underperforming because it is currency hedged and therefore cannot benefit from the declining Canadian dollar as its U.S. holdings are worth more when converted to Canadian dollars. Hamilton's website states: "HYLD (CAD hedged)"
Thanks Adrian and thanks for the high yield overview! It's time to put my January dividends into some of these ETFs. Basically just adding to my core positions. I am a seasoned PII investor now.
Good update and Thank-you! Just one omission I'm unclear on --- somehow you forgot to mention Evolve's QQQY under non-leveraged diversified --- I'm recently into this fund and can't complain after choosing it over either QQCC/QQCL. I do *love* the GlobalX Canada (formely Horizons) funds that I do hold, though --- it was a tough choice for me to go with QQQY instead (.32/month may have influenced me a bit, ngl). Perhaps an updated comparison between these would be a good video along with your thoughts? Cheers!...from North Vancouver
Hey Adrian just gave you a thumbs on on video and thanks bro. One thing is we don’t need to see BMO products anymore say they are a waste of time with 6% on the all in one is a joke comparing to the other products LoL as I would rather see CI funds as I know they all pay every 3 months but would rather have them over BMO. Thanks.
FYI - every website I looked at (4) is showing UTES yeild as 6.09. I figured out that these sites are using 4 months of distributions to calculate the yield instead of using the newest month times 12. ( the fund is 4 months old ) . All the sites should be shoiwing the yield as18.27 approximately which is what you said in your video. Yahoo chooses not to show any yield but lists the 4 distributions like the evolve website.
I am not sure, but it may be a legal constraint to project yields of funds less than a year old. Annualizing the distributions that have already been paid may be a way for them to show a yield rather than nothing. As a potential buyer of a fund, I much prefer to be shown a forward yield rather than nothing so I can budget for how much income I am likely to earn.
Ahh geez was hoping they did get leveraged for those or perhaps they could try again with a slightly lower leverage. A fund being leveraged to a certain extent does contribute to greater returns than no leverage at all
My thoughts were the same at first. But MSTR, the underlying stock of MSTY, is already leveraged on Bitcoin at 100%. So do we really want another 25% above that?
Back in Feb/2023, I switched from BMO's ZWT to Harvest's HTAE, both of which are technology funds. The thinking was that the leverage and higher yield of HTAE would give me a better outcome. Twenty-three months later, ZWT has a total return of 127% compared to 71% for HTAE. This includes the monthly distributions which are more than double for HTAE. If I could turn the clock back, which fund would you have had me invest in?
target yields are "targets" they can change depending on markets conditions. this was discussed many times with Hamilton. i suggest you check out past Q&a videos with them
@PassiveIncomeInvesting will kindly review them. I recall viewing one presentation where they claimed to have performed backtesting over a ten-year period. I have some concerns regarding Smax and Qmax. Although some yield adjustments are understandable, I presumed that when they chose to launch those funds, they intended to maintain those target yields.
As GDV is discussed here, does anyone know why it has dropped 12% in price in a month. Usually this ETF seems to perform with less volatility than other SS ETFs and CC ETFs. Maybe a reach out to Brompton is in the cards in the near future for an explanation?
Does anyone hold HYLD in their non registered accounts? Nearing retirement and just trying to figure out where to place my holdings for best tax adavantage. Thanks for the video as always Adrian.
Since it is a Canadian-listed fund, put it in your Open (non-registered) account because you can recover the withholding tax that the fund itself pays. Holding the fund in your RRSP will not avoid the tax as many people believe. In contrast, keep U.S. listed stocks and funds in your RRSP or Open account. Since your brokerage administers the tax on behalf of the IRS, it will not apply it to your RRSP. However, it will apply it to your open account but the amount is recoverable from your T3 slip. In all cases, the tax is never recoverable in your TFSA
Thanks again Adrian, I started with you a few years ago, and have now reached 450.00 per month in dividends... goal for 2025 is 1000.00. Happy New Year to you and Erica..
Definitely looking forward to the hhis discussion video. Highjy anticipated
I think you mistakenly got it backwards (@ 4:32). HYLD is underperforming because it is currency hedged and therefore cannot benefit from the declining Canadian dollar as its U.S. holdings are worth more when converted to Canadian dollars. Hamilton's website states: "HYLD (CAD hedged)"
Looking forward the US side 👍
Been following Adriano for years. Great O&A , s. Updates are the best keep us always in the loop. Thanks always man
Thanks Adrian and thanks for the high yield overview! It's time to put my January dividends into some of these ETFs. Basically just adding to my core positions. I am a seasoned PII investor now.
sit back and watch the landscape now :)
Thanks ! Looking forward for the Harvest lunch and video !
Good update and Thank-you!
Just one omission I'm unclear on --- somehow you forgot to mention Evolve's QQQY under non-leveraged diversified --- I'm recently into this fund and can't complain after choosing it over either QQCC/QQCL. I do *love* the GlobalX Canada (formely Horizons) funds that I do hold, though --- it was a tough choice for me to go with QQQY instead (.32/month may have influenced me a bit, ngl).
Perhaps an updated comparison between these would be a good video along with your thoughts?
Cheers!...from North Vancouver
Love your content
Hey Adrian just gave you a thumbs on on video and thanks bro. One thing is we don’t need to see BMO products anymore say they are a waste of time with 6% on the all in one is a joke comparing to the other products LoL as I would rather see CI funds as I know they all pay every 3 months but would rather have them over BMO. Thanks.
FYI - every website I looked at (4) is showing UTES yeild as 6.09. I figured out that these sites are using 4 months of distributions to calculate the yield instead of using the newest month times 12. ( the fund is 4 months old ) . All the sites should be shoiwing the yield as18.27 approximately which is what you said in your video. Yahoo chooses not to show any yield but lists the 4 distributions like the evolve website.
I am not sure, but it may be a legal constraint to project yields of funds less than a year old. Annualizing the distributions that have already been paid may be a way for them to show a yield rather than nothing.
As a potential buyer of a fund, I much prefer to be shown a forward yield rather than nothing so I can budget for how much income I am likely to earn.
"The total return is the ultimate truth" your best quote ever! Sometimes I think you forget it and try to hide the results.
Ahh geez was hoping they did get leveraged for those or perhaps they could try again with a slightly lower leverage. A fund being leveraged to a certain extent does contribute to greater returns than no leverage at all
My thoughts were the same at first. But MSTR, the underlying stock of MSTY, is already leveraged on Bitcoin at 100%. So do we really want another 25% above that?
It's becoming an alphabet soup. Need to declutter.
I thought I would never say this but too many funds in the market as these products are getting over produced
Do you prefer indices to be market cap weighted or equal weighted?
market cap
BMO I AM NOT IMPRESSED DISTRIBUTION OR TOTAL RETURN!
Back in Feb/2023, I switched from BMO's ZWT to Harvest's HTAE, both of which are technology funds. The thinking was that the leverage and higher yield of HTAE would give me a better outcome. Twenty-three months later, ZWT has a total return of 127% compared to 71% for HTAE. This includes the monthly distributions which are more than double for HTAE.
If I could turn the clock back, which fund would you have had me invest in?
Agreed, why do you keep putting BMO funds in your reviews? There outdated strategies , higher MER’s and have below average returns.
What about uscl ? Could be good option ?
Hey Adrian, any thoughts about TLTW to diversify and lower volatility of stock heavy portfolio?
Hello Adrian, in past videos you've stated how much you love QQCL. Please elaborate a little as to why? Thanks.
nasdaq 100 index with covered call and 25% leverage. i love all 3 of those things
Would consider it a core holding?
Would you consider QQCL over Hamilton QMAX? Appreciate your response.
@@PassiveIncomeInvesting Hey, how accurate is Vanguard comparison tool? No way QQCL beating QMAX and Evolve QQQY.
Hey Adrian could you cover Hmax, smax and Q max. Especially with Hamilton not meeting target yeilds when Smax and Qmax were announced.
target yields are "targets" they can change depending on markets conditions. this was discussed many times with Hamilton. i suggest you check out past Q&a videos with them
@PassiveIncomeInvesting will kindly review them. I recall viewing one presentation where they claimed to have performed backtesting over a ten-year period. I have some concerns regarding Smax and Qmax. Although some yield adjustments are understandable, I presumed that when they chose to launch those funds, they intended to maintain those target yields.
Which type of ETFs covered call are best for TFSA accounts, trying to avoid the US withholdiing tax as much as possible while generating income.
As GDV is discussed here, does anyone know why it has dropped 12% in price in a month. Usually this ETF seems to perform with less volatility than other SS ETFs and CC ETFs. Maybe a reach out to Brompton is in the cards in the near future for an explanation?
it's global, EU is tanking, got out with a little profit to pay my mortgage, there are many choices now so not sure if i'll buy GDV again
Hey, where's the Canadian version of total return comparison similar to what you did with US?
www.vanguard.ca/en/fund-compare-tool/fund-comparison/home
@@PassiveIncomeInvesting Very useful, thanks! USCL winning it big! Though can't compare with class A splits, say between BANK and LBS.
For European and/or UK traders does anyone know if Degiro has these ?! Ticker shows no results in searchbar. Why is that.
More SPX and IXIC sell off and Adrian will be dumping his favorite QDTE like he did the previous fave SVOL.
Does anyone hold HYLD in their non registered accounts? Nearing retirement and just trying to figure out where to place my holdings for best tax adavantage. Thanks for the video as always Adrian.
Since it is a Canadian-listed fund, put it in your Open (non-registered) account because you can recover the withholding tax that the fund itself pays. Holding the fund in your RRSP will not avoid the tax as many people believe.
In contrast, keep U.S. listed stocks and funds in your RRSP or Open account. Since your brokerage administers the tax on behalf of the IRS, it will not apply it to your RRSP. However, it will apply it to your open account but the amount is recoverable from your T3 slip.
In all cases, the tax is never recoverable in your TFSA
Always do a great job in these investment videos. Thanks as always.
Is Canada real? I've never seen it