FEPI ETF: 25% Yield on Tech Stocks! | REX Shares
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- เผยแพร่เมื่อ 26 ก.ค. 2024
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00:00 Holdings and Fee
03:46 Covered Call Strategy
04:28 Yield & Distributions
06:07 Designed for?
07:34 FEPI vs HTA, QMAX, XLK
09:23 Ideal to "LIVE OFF"?
11:02 In Summary...
MISSION:
Help everyday people to invest on their own, in order to create their own source of Passive Income to enhance their quality of life and reach Financial Independence
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1) To share my Personal Investing Journey & Strategy with the world. Everybody needs to make their own investing decisions. I am NOT against any style of investing and I will NEVER claim my Investing strategy is the “best”; its the best FOR ME
2) Educate you about Income Oriented Investing with a particular focus on Covered Call ETFs listed on the Canadian & U.S. Stock Markets
DISCLAIMER:
The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adriano Starinieri is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adriano is not responsible for investment actions taken by viewers.
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I just bought 75 shares at $51.52, let’s see!
It's my largest holding and happy so far but it's definitely very volatile so keep that in mind
Been researching FEPI so far and i am impressed. As i take the journey to add my 4th Steady Eddie I was struggling if i could give FEPI the crown as a steady eddie. I was going to add SPYI as my fourth steady eddie, but then i saw FEPI. Div wise 80,000 in FEPI will give my 1842 a month and 80,000 in SPYI will only give me 834 or 1008 dif. Add in more capitol appreciation, so thats it I now crown FEPI a steady eddie and a massive div with capitol appreciation, its perfect so far, but it is young!
Spyi and qqqi have lower taxes.
I'm interested to see how the ai etf does. I think I may add them in later. Everything else other than what I have seems.. like trash.
hcmt, lgh, qqh paired with spyi and qqqi
Love the diversity of content in your channel. Nice to have different perspectives on funds & approaches. Thanks for sharing!
U should interview the fund manager 😉
Awesome video - thanks so much for the hard work and excellent content!
I have a position in FEPI and reinvest 75% back into the fund. I took some JEPQ to get started.
This kind of seems like the middle ground ETF between ultra high yield like QQQY and high yield like SPYI . This looks like it has the best of both worlds very high yield and some growth potential. Thanks good video!
Exactly!
Adrian, Thank you for always bringing an amazing content!🥳
Thanks for the rundown on this. Definitely going to keep my eyes on this. Strangely - it isn't showing up on my Wealthsimple interface...
Interesting, adding it to my watch list. Thanks for the video!
Thanks for watching!
I would love to see a total return comparison for FEPI vs if I owned the individual stocks. Also, Do this for QQQY and JEPY. Thanks!
There is a huge downside to this fund, relative to funds that only option a portion of their holdings.
A 20% sharp decline, with at the money options is ok for the first few percents of down, but afterwards the downtrend is biting and could be very painful.
I looked at the FEPI site, and could not see any backtesting or the concept. It strikes me that you have to be more strategic with this fund, right now it is good, but a black swan event could be devastating.
Taking a look at the 15 stocks involved, I think a black swan event is unlikely. Even if there was a black swan event, and the swan lost all it's feathers, the response to shareholders should be: -- go play a round of golf, grab a single malt scotch, have a nap, wake up, more golf --- then check again. Guaranteed that swan is startin' to sprout feathers and flap wings.
@@pargolf3158
black swan events: pandemic, Putin going crazier, China invading Taiwan, Jan 6th reboot. So, the question is: Does the fund have a loss mitigation plan for this event. Does it move to further out of the money calls.Or do you lock in the 20% loss and move forward with the at the money calls.
Regarding my comment regarding 'strategic', now is a good time with pending lowering of interest rates, but I think you have to watch this closely. Adrian advises to reinvest 40% which covers a good part of the downside risk.
@@pargolf3158 won’t it have a similar problem to the yield Max funds in that it will drop nearly as much as the underlying stock. However, it will take much longer to regain its price because the call strike prices are so close to the stock price your gains will be capped on a rebound, so I would think by definition it would respond and rebound much worse to any huge market correction 5, 10, 20% whatever - it doesn’t have to be a huge market crash 5 to 10% corrections happen fairly frequently :(. I would love to see some backtesting.
I've start with some shares in FEPI to see how it goes and I'm about ready to invest a bunch more since it's been performing so well.
Tech has had a good run but can it keep up like this? I don't think so
Are there any covered call funds that track the Dow Jones?
Thanks dude
❤ FEPI
Wait for the next tech correction, and listen to the crying for the nav downturn!
Crying of joy ? to buy cheaper units!
just recently bought this stock all the income will be reinvested back into the stock at some point I will be taking some out for other purposes when the cash flow is larger but I don't see taking out more than half the income ever like that it has only 15 stocks in it
Has anyone else noticed that ENCL and ENCC track perfectly 1:1 on a chart ?
Do we need bigger price moves to show up the difference in share price to reveal itself with the non leveraged product [ENCC] moving up when say oil prices go up?
While in theory the leveraged product [ENCL] would lag behind?
So far they are identical so i am leaning towards buying ENCL but anyone with insights please chime in thanks!
I ❤ Fepi
Good presentation again Adrian! Do you know any Canadian listed 100% CC high yield funds like the Defiance, FEPI or Yieldmax ones? Would be nice to drip them in our TFSA at 20%+ yield
Closest one is Purpose YTSL 50% CC + 25 lev, 75% for income generation and 50% for upside
not yet
I started adding FEPI at the end of January. I add more shares every month, as the dividends come in. I like this ETF considering Tech/AI is one of the major sectors driving the markets lately, along with Crypto.
So Adrian, do you plan on adding FEPI to your portfolio?
no plans to do so yet
New to the game and just looked at it today. I'm concerned about the overlapping of tech in my portfolio.
you just have more shares of it
q: Jow to reinvest 40% in a DRIP?
What’re the highest yield CC ETFs in 🇨🇦?
CONY gives a 72% dividend
when invested in TFSA, they'll withhold 15% of the dividend as a tax?
yes
But not in RRSP or RRIF
What?! How is this Tax Free?
@@west2smojo US IRS does not recognize the TFSA as a tax free structure ... so it imposes a withholding tax.... But not if in a RRSP or RRIF
@@robpet4424 Do you know how this is handled in Wealth Simple? Do they take the taxes off automatically and then send me like a T3 with foreign taxes paid?
does it support DRIP?
Yes
Nice video Adrian! Life of a PII is getting easier and easier these days. Too many good choices. Personally, I feel with technology funds, I do not want to give up all the upside because these are technology stocks. For something like blue chip stocks that barely move, then I am okay with that 100% covered call strategy. But FEPI is kind unique and definitely interesting. Will keep an eye on it for sure.
Yeah some people miss that point badly... hcmt is up over 37% and has downside protection. 37% gain 0 taxes is better than 25% yeild with 35% taxes.
Is this a new group of fund managers?
What's the highest yield on tsx? Dfn ? EtSLA?
DFN is trading at a significant premium right now. But that also means that it's well above the NAV and it's going to be paying dividends. There are a bunch of non split share high dividend funds like ENCL (18% roughly).
CONY pays 72%
I’m not crazy to out 100000 $ in new etf like fepi
😊Ola Papi😊
FEPI resched a high early Feb over 57$... its only gone down from there. Now at $53.85
so you can read a stock chart? nice
thanks for letting us know, brainiac.
@@PassiveIncomeInvesting I believe his point was to get a reaction from you regarding the idea this could quite easily go down
You really should have read the information befote maling this video. Poorly done.
Who you talking about?
Troll It's you who is poorly done!
@@user-pv8in8kq4z
Send in the Clowns🤡...Troll!