Thanks for the update, keep up the good work.< Learned a lot from my market journey, especially the importance of living within one's means. With Loraine Souvenir’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind
It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
Thanks to her insightful and forward-thinking market research, she is a trusted resource for traders trying to stay ahead in the hectic world of finance....
Nice to see this here, her guidance has been top-notch ever since I started working with her. Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today..Her insights and daily siignals are worth following.
Me too. Boring is perfect for me. It would be good to know how much of the payout is based on the fixed income vs the VIX options just to better understand what the downside risk actually is.
Keeping svol. One thing you did not mention, when dripping the dividend, the snowball effect decreases the cost basis at an increasing rate. My cost basis has me up over 27 percent in a year and a half and that will increase at an exponential rate. I add to the position whenever we have a spike in vix when the etf is down. And that helps maintain nav. Anyway, I’m keeping it. I’m keeping aggh as well. They do different things. I like multiple different income streams , as well as growth, value, bonds. Smooth that ride out. It provides much better peace of mind. Made 5500 in premium and dividends last week and have another 2 k hitting on Monday. Lots of dividend payers as well as the wheel…
It does not really add up. VIX has been higher the past couples months, than earlier this summer. And SVOL gets most it's income from shorting the VIX, not it's treasury holdings. The fed rate dropped half a point(0.5%). That should have had a very minimal effect on this fund, not 7% drop in yield. I think there is more going on here.
it doesn't add up, they've been saying the majority of the income comes from the vix short, not the interest. so using interest as an excuse now doesn't compute
@@GunterD1337 Maybe they reduced the distribution more than they had to so that they don't have to reduce it again as interest rates continue to decline
@@dkyrtata6688 I hope so because if they keep cutting it while the Fed continues to cut rates I'll sell. I'd rather have JEPQ or GPIX or so at that point.
The distribution cut was 6%. Plus the NAV has declined about 4% since mid August. The VIX futures curve looks to be in a near-term backwardation, possibly due to the perceived risks from the US elections. I think selling VIX futures is less profitable now and is having a greater impact than the Fed cutting 50 basis points.
The nav erosion isn't coming back right??? So if we have mild nav erosion and relatively high fees plus taxes on distributions,,, long term am I just better off with an index fund again or SCHD???
Boring is good! I setup a hobby account to play with so that i can get my excitement there. Its like fast cars, bring it to a track to speed. Dont risk it on the road.
That’s a tough question not knowing so many factors: age, financial situation, goals etc. FELG, SCHG or SPYG as cheaper alternatives for your growth section of your portfolio. SCHD, SPYD or FDVV for the dividend section of your portfolio. And if you like aggressive dividends and are tolerant to higher risk, I’d say SPYI, JEPQ, QQI and IWMI. But do your research. Personally I put down 1.3m$ on few ETFs, still diversifying. It was this time last year I made a huge break through with 200k. Handed it to a firm here in Texas, I get weekly pay out which I put back on long term ETF's. IWM will probably crush it this quarter
I love Jennifer, I was in a conference in Connecticut where she spoke to the people, very sound human being, there is always this charm with smart, calm and ambitions women
@@lima4554 don’t do it, you might get lucky but it doesn’t follow the vix. It uses futures Jan 2025 to April 2025, it’s a mid-term futures strategy ^VIXM-IV
Svol likely needs the actual short term treasuries to post as margin for their short vix futures postions. Vix in backwardation will affect the distributions... esp. if it lasts.
Yes they are yielding less on their treasuries but recently the front end of the VIX curve is in backwardation and that means they are losing money on their positions. Not mentioning this tells me you do not understand the fund so it's good thing you sold it
Good Review, thanks! Boring is good! 15% with very controlled risk. I live out of those dividends as a 65 year old retiree. The excitement part in my life does not come from Investing, but from motorcycles...
Thanks for the update. I’m keeping SVOL as it’s a good,more stable source of income. But my guess is YMAX as it’s now a weekly payor like QDTE. I own both 👍
Thanks Adrian. Do you think dividends may be adjusted downward again as interest rates fall further as expected? Should we expect divideds to stabilize once interest hit their lowest point moving forward?
@PassiveIncomeInvesting Thank you Adrian for teaching many of us what is Passive Income is. I will always grateful to you. Does SVOL gets 15% TAX Withhold ?? I have followed your videos and gone through your Tax playlist... What I understand is SVOL have Income, Capital Gain and ROC as their distribution and dont get Tax withheld.. IF I hold it in TFSA account, Can I say it will be Tax Free for me !! ??? Appreciate your response. Thank you.
My take is if I purchased 5000 shares of SVOL in August of 2022 my income has now dropped from $1,600 / month to $1,400 month (or annually from $19,200 to $16,800) - in a period where inflation is easily 8-10%. So my income would be down > 12% and my buying power is further reduced by at least 8%. That is a significant loss in income. Additionally, I would have lost $6,500 in equity. Trying to live off of less is not how to win in retirement. There is every likelihood that the NAV will continue to erode and the distribution will continue to be decreased.
After swapping once twice threes time. I'm done and decided I'm all in on YSTL for my RRSP, I'm good with 20% plus growth going forward plus I don't have to worry about currency exchange.
Yo Adrian, you seem to know a lot about income ETFs. I am/was looking for a US AAA+ Corporate 1 to 3 month Bond (similar to what SGOV and BIL are for T Bills). I was looking to compare distribution rates to see if they are worth the theoretical increase in risk. Let me know eh?
Thanks for the update, keep up the good work.< Learned a lot from my market journey, especially the importance of living within one's means. With Loraine Souvenir’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind
It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
Thanks to her insightful and forward-thinking market research, she is a trusted resource for traders trying to stay ahead in the hectic world of finance....
Thanks for sharing, I just did a web check with her full names mentioned
Nice to see this here, her guidance has been top-notch ever since I started working with her. Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today..Her insights and daily siignals are worth following.
Keeping SVOL, it is a unique product and its performing well. About 5% of my income ETFs portfolio.
Thanks for the update, and your reasons for selling. I love boring so I'm keeping SVOL for now. The thumbnail was good...it made me click!
Me too. Boring is perfect for me. It would be good to know how much of the payout is based on the fixed income vs the VIX options just to better understand what the downside risk actually is.
lol thanks man :) i had some fun with it . SVOL is a great ETF. no doubt
Keeping svol. One thing you did not mention, when dripping the dividend, the snowball effect decreases the cost basis at an increasing rate. My cost basis has me up over 27 percent in a year and a half and that will increase at an exponential rate. I add to the position whenever we have a spike in vix when the etf is down. And that helps maintain nav. Anyway, I’m keeping it. I’m keeping aggh as well. They do different things. I like multiple different income streams , as well as growth, value, bonds. Smooth that ride out. It provides much better peace of mind. Made 5500 in premium and dividends last week and have another 2 k hitting on Monday. Lots of dividend payers as well as the wheel…
It does not really add up. VIX has been higher the past couples months, than earlier this summer. And SVOL gets most it's income from shorting the VIX, not it's treasury holdings. The fed rate dropped half a point(0.5%). That should have had a very minimal effect on this fund, not 7% drop in yield. I think there is more going on here.
yea interest rates going down?
@@PassiveIncomeInvesting SVOL was not yielding 16% because the fed rate was 5%. It gets most it's yield from other things.
it doesn't add up, they've been saying the majority of the income comes from the vix short, not the interest. so using interest as an excuse now doesn't compute
@@GunterD1337 Maybe they reduced the distribution more than they had to so that they don't have to reduce it again as interest rates continue to decline
@@dkyrtata6688 I hope so because if they keep cutting it while the Fed continues to cut rates I'll sell. I'd rather have JEPQ or GPIX or so at that point.
Man isn't a CFA and it shows.
So what is he missing?
SVOL is good for retirement portfolios too, great to live off of!
Sticking with it.
The distribution cut was 6%. Plus the NAV has declined about 4% since mid August. The VIX futures curve looks to be in a near-term backwardation, possibly due to the perceived risks from the US elections. I think selling VIX futures is less profitable now and is having a greater impact than the Fed cutting 50 basis points.
I think this is the most likely answer. The folks buying the options that SVOL is selling, aren’t willing to pay as much
Agreed. I think blaming lower interest rates is odd.
SVOL makes money selling futures, not selling options. The VIX futures curve near time is not in contango.
Bingo.
The nav erosion isn't coming back right??? So if we have mild nav erosion and relatively high fees plus taxes on distributions,,, long term am I just better off with an index fund again or SCHD???
I’m selling exciting and buying boring. Don’t like your timing.
I always thought if rates go down bonds go up ?
Correct
Bond share price goes up, but bond yields go down
Boring is good! I setup a hobby account to play with so that i can get my excitement there. Its like fast cars, bring it to a track to speed. Dont risk it on the road.
I guess you swapped it for QDTE
I have a lump sum in my possession, what about aggressive dividends etf to hold now
That’s a tough question not knowing so many factors: age, financial situation, goals etc. FELG, SCHG or SPYG as cheaper alternatives for your growth section of your portfolio. SCHD, SPYD or FDVV for the dividend section of your portfolio. And if you like aggressive dividends and are tolerant to higher risk, I’d say SPYI, JEPQ, QQI and IWMI. But do your research.
Personally I put down 1.3m$ on few ETFs, still diversifying. It was this time last year I made a huge break through with 200k. Handed it to a firm here in Texas, I get weekly pay out which I put back on long term ETF's. IWM will probably crush it this quarter
I already added VOO and QQQM, can you share this firm with me
Yeah, Jennifer Kristie Taylor use her name to look her up
I love Jennifer, I was in a conference in Connecticut where she spoke to the people, very sound human being, there is always this charm with smart, calm and ambitions women
YMAX
Yes YMAX is better than FEPI or SVOL
Let me guess, you swapped it for qdte?
My guess, all 8n on QDTE or XDTE
What do you think about ZIVB ? Would you like to get some? Thanks
I like it , 250 shares deep
@@lima4554 don’t do it, you might get lucky but it doesn’t follow the vix. It uses futures Jan 2025 to April 2025, it’s a mid-term futures strategy ^VIXM-IV
Great video Adrian! You mentioned BUCK as part of SVOL. Curious is there any equivalent of BUCK in cad? Thanks
SPLT PREF HBIL SPAY
What do you think of JEPI and JEPQ now being available on the TSX for Canadian investors?
Really? Can I put them in my TFSA??
@@dwaynecunningham2164 if they are on the TSX you sure can but them into your TFSA.
Svol likely needs the actual short term treasuries to post as margin for their short vix futures postions. Vix in backwardation will affect the distributions... esp. if it lasts.
Buffet said he doesn’t invest in something he doesn’t understand… Caveat Emptor 🤑
Yes they are yielding less on their treasuries but recently the front end of the VIX curve is in backwardation and that means they are losing money on their positions. Not mentioning this tells me you do not understand the fund so it's good thing you sold it
Good Review, thanks! Boring is good! 15% with very controlled risk. I live out of those dividends as a 65 year old retiree. The excitement part in my life does not come from Investing, but from motorcycles...
The market is in a funny place right now. Im not doing anything just waiting and seeing.
You picked RDTE. That's my guess.
Thanks for the update. I’m keeping SVOL as it’s a good,more stable source of income. But my guess is YMAX as it’s now a weekly payor like QDTE. I own both 👍
Thanks Adrian. Do you think dividends may be adjusted downward again as interest rates fall further as expected? Should we expect divideds to stabilize once interest hit their lowest point moving forward?
Boring is good
It is not a problem that the dividend has been reduced from 30 to 28.
The problem is that the capital price is dropping
Will NAV continue being stable?
I understand your poits Adriano, fair enough. I'm curious about how SVOL would work on a taxable account for an expat in terms of taxes.
im watching closely for SVOL entry for few weeks now. seems price is closing support level
@PassiveIncomeInvesting Thank you Adrian for teaching many of us what is Passive Income is. I will always grateful to you.
Does SVOL gets 15% TAX Withhold ?? I have followed your videos and gone through your Tax playlist... What I understand is SVOL have Income, Capital Gain and ROC as their distribution and dont get Tax withheld.. IF I hold it in TFSA account, Can I say it will be Tax Free for me !! ??? Appreciate your response.
Thank you.
No. U will get 15% withholding tax automatically. Never hold svol in TFSA
No with holding tax in a registered account RIF/lif/rrsp
No, the 15% withholding tax applies to U.S. dividends that the fund earns. So if SVOL does not hold U.S. stocks, it cannot earn U.S. dividends.
Did you switch to RDTE and for a Canadian should that be in rrsp or tfsa or both?
th-cam.com/video/XCAVzeFaFX0/w-d-xo.html
I sold out on SVOL! Second cut since I bought and still came out with a profit. Bought into XDTE with my money!
What is XDTE taxation for US resident?
@Alex-he1ve Stay tuned till next year.
Let's all cry about 2 cents. 🤣🤣🤣🤣🤣🤣
Thanks Adriano! Still own a fair bit.
Fepi is the best
25% with out NAV erosion
Fepi has dropped a lot from where I began a position. The only funds that have appreciated for me have been SPYI QQQI ISPY GPIX & GPIQ.
Sold it some time ago to switch to XDTE!
I think u swap to ymax
My take is if I purchased 5000 shares of SVOL in August of 2022 my income has now dropped from $1,600 / month to $1,400 month (or annually from $19,200 to $16,800) - in a period where inflation is easily 8-10%. So my income would be down > 12% and my buying power is further reduced by at least 8%. That is a significant loss in income. Additionally, I would have lost $6,500 in equity. Trying to live off of less is not how to win in retirement. There is every likelihood that the NAV will continue to erode and the distribution will continue to be decreased.
After swapping once twice threes time. I'm done and decided I'm all in on YSTL for my RRSP, I'm good with 20% plus growth going forward plus I don't have to worry about currency exchange.
NVHE is also good, at around a 23.9 % yield. This an ETF from Harvest.
@@roneinarson6342 I also have this but in my cash account and TFSA!
@@roneinarson6342 Does NVHE erode?
US govt bonds are going lower..
Why do lower interest rates impact the short term bonds held by SVOL. Isnt it more likely the decline in volatility
because short term bonds pay less when rates get cut . so SVOL collects less income
understood, thanks
Got my mind on my money
And my money on my mind.
I'll keep SVOL, its yield performing well on the long horizon, i also i have multiple dividends to balance out my portfolio.
I sold svol I bought msty instead
Fixed income equals holding US government debt. US government is broke. Equities seems better choice.
SPYT
Xdte
SCHD
This is the beginning of the end.😂
Yo Adrian, you seem to know a lot about income ETFs. I am/was looking for a US AAA+ Corporate 1 to 3 month Bond (similar to what SGOV and BIL are for T Bills). I was looking to compare distribution rates to see if they are worth the theoretical increase in risk. Let me know eh?
How ya doin? Sly
@@bonanzatime no Habla Espanol.
Ymax
SOLD THIS CRAP MONTHS AGO WHEN THEY LOWERED THE DIVY THE FIRST TIME
well i would not call something crap with an avg. annual total return of over 12%
Exactly, keep the 12% and wait , what’s wrong with that?
@@shadowgov9721 wait for rates to go lower? when rates go lower they will cut again.. didnt you listen to the video?