Thank you for the detailed analysis, Adrian! I never heard about the Canada Stock Channel until now! This is why I just love your videos. There's always something valuable to take away!
@@PassiveIncomeInvesting what 5 canadian banks should i open my investment account with? since i don't have experience with all the options and differences, i think you may have done your research. WOULD really appreciate info from you.
@@Sk3pT1kal82 I'm at 9 holdings at the moment.... EIT, HDIF, HDIV, HYLD, USCL, QQCL, BMAX, GDV, RS. Thinking about adding EQCL in the core but a little on the fence.
It would be great to see a list in order of core Canadian holdings sorted by best tax treatment to worst depending on their strategies (ie coverage, holdings, Moniness, and distribution policy ie Roc etc). This would be a video that many in your audience would benefit from vs individual tax info burried in your fund or tax playlists. Thanks for all you do!
I personally hope that Hamilton doesn't go down the same road as Harvest, having HDIV and HYLD containing their own inhouse funds only. One of the main reasons I own large positions in both is because of the outside funds they hold. Great vid Adrian
Curious as to how long you've had Hamilton? I'm soon going to start liquidating brick and mortar business assets and invest in income producing assets. I've been researching a lot, and I really like the Hamilton lineup, but they almsot seem too good to be true. Not a long track record either.
@@martycurtis7090 doing the same thing, selling off my real estate and going all in PII style, Hamilton is of course a big position in my portfolio..... From their website it says they launched their first fund in 2009, not sure which one that is though. HDIV has been around since 2021 and has been doing pretty great.
Like the video, lots of good information. Appreciate the Canada Stock Channel link! I compared HXQ to QQCC, the results are very interesting, with HXQ at $42,855 and QQCC at $16,875!, I understand income investing and total growth are very different, but the spread is quite large.
Excellent work Adrian - so far I hold HMAX & UMAX - but I’m thinking about adding - SMAX - mainly for growth & good diversity - without the overload of too many stocks - all 3 funds deliver very good yields with great potential and stock picks
Loving these overviews of the best available funds per category --- my one question is, when investing in an "all in one" fund, especially since the composition can change from time to time, how do you deal with "overlap of holdings" in a given sector, or is it generally insignificant providing you use intelligent rules re position size? Maybe a video relating your thoughts on this issue and/or avoiding duplication (interfering with diversification)? Cheers! and Happy New Year!!...from North Vancouver
I have the same concerns. Could you elaborate on what you meant by “intelligent rules”? I’m literally thinking of intelligent Excel commands that you can code for. If that’s what you meant, I’d love to know how you do it with your tracking spreadsheets.
@@RongRoseLiu I was simply refering to the general guidline, which I think really mostly applies to single stock portfolios, that no one position should exceed about 5% of the total. My personal portfolio was, until recently, just single Canadian Dividend Aristocrats/ Dividend Growers. As a result I had only limited indirect US exposure ( Can firms that operate in US markets), almost no Tech, no Health stocks, and I also had no Real Estate. In the last 18 months I've built up decently large positions in HYLD(5.5%), RS(4.8%), ENCC(5.0%) and lately GLCC(2.0%) and EQCL(1.8%) -- I plan on adding to the last two as well as adding HTA. I don't track anything that closely, as my main concern is the income -- I honestly fail to see how "price returns" are very significant when the intention is to never sell, and just allow the holdings to continue to produce income in perpetuity. The longer I hold a position the more $$ it will produce for me -- I don't imagine that 15 or 20 years from now I'll be able to identify what an optimal high (or low for that matter) price may be. Instead I compare my portfolio's performance to the main indices (sometimes daily) and look out for noticeable underperformance. Kinda silly because with covered call funds things generally would have to go awry (with the fund) for a full year before any reliable assesment would indicate a problem. Sorry for going off topic a little - thought the background might be helpful. I think as far as Overlap is concerned, I will literally have to check all the individual stock holdings of all the funds and "sub funds" and figure out how best to keep well diversified. I don't own HDIV because most of it overlaps with the rest of my portfolio AND with HYLD too -- HTA being an exception, lol. Crazy, right?
@@ridgebikes That's probably about right, although they continue to adjust the constituent funds. It's worth noting because of potential upside that may be captured depending on the CC strategy. I own HYLD, as my first CC fund( and fund in general, coming from exclusively Canadian Dividend Growth/Aristocrats). I don't own HDIV because it overlaps my whole porfolio and also HYLD as well. The exception I'll be adding is HTA( Tech Acheivers). Also recently piled into ENCC(Horizons Energy Giants) and recently added GLCC (turns out Hyld holds about 2% of this -- probably not enough on it's own), and EQCL -- I intend to add to GLCC and EQCL as well as adding HTA. YTSL is a strong temptation, but still not totally decided on it as I would just have to put the additional income into one of the above mentioned in all likelihood -- Crazy, right?
Hi Adriano! Do you advise to reinvested the dividends that we get monthly? Can you tell what is the best move we can do for the dividends we get every month? Thanks!🙂
hey Adrian, if the market crashes, do you think these funds will continue to pay high yields? or what do you expect the fund manager to do if market crash,
Last 22 months HDIV 1.6% - TSX -0.4% - SPY 12.8% - QQQ 21.4% so the fact is HDIF has done nothing and inflation has eroded your capital. Looks decent in the last year though HYLD kills it
Time is on your side. And if you reinvest the dividends that's how you build the compound snowball. It will either work or it won't. That's what I'm doing. Umax, dfn, ytsla . Drip those bad boys. @@ridgebikes
Very interesting, I am a non-resident and presently have dividend withholding tax of 30% on all my USA based stocks. Would it be correct to assume that these Canadian Covered call ETF's still have a 25% withholding tax, as is the case for all Canadian dividends stocks, even though some of these ETF;s invest in USA stocks? If that is the case I can limit my withholding tax exposure by owning these Canadian traded ETF's. Thanks again for a very informative video.
Adrien , I am not sure, if you covered this in the past, seeing that TFSA AND RRSP, are maxed, could you explain how funds like Yieldmax and defiance etf would be taxed in a non registered account, I suspect that it would taxed as capital gains(not foreign income)(canada of course)as they are not dividends but gains from selling options, and would we still have to fork out 15%to IRS. Thanks again for all that you do
Thank you for the detailed analysis, Adrian!
I never heard about the Canada Stock Channel until now!
This is why I just love your videos. There's always something valuable to take away!
Much appreciated!
@@PassiveIncomeInvesting what 5 canadian banks should i open my investment account with? since i don't have experience with all the options and differences, i think you may have done your research. WOULD really appreciate info from you.
Just working out my core holdings to start 2024. Great timing.
What all was on your list?
@@Sk3pT1kal82 I'm at 9 holdings at the moment.... EIT, HDIF, HDIV, HYLD, USCL, QQCL, BMAX, GDV, RS. Thinking about adding EQCL in the core but a little on the fence.
@@aaronhall5715 i'm scared of investing in a time where everything is up and down or going bankrupt, the world is at ww3.
It would be great to see a list in order of core Canadian holdings sorted by best tax treatment to worst depending on their strategies (ie coverage, holdings, Moniness, and distribution policy ie Roc etc). This would be a video that many in your audience would benefit from vs individual tax info burried in your fund or tax playlists. Thanks for all you do!
but the tax info changes every year
@@PassiveIncomeInvesting As of date of recording
I personally hope that Hamilton doesn't go down the same road as Harvest, having HDIV and HYLD containing their own inhouse funds only. One of the main reasons I own large positions in both is because of the outside funds they hold. Great vid Adrian
Curious as to how long you've had Hamilton? I'm soon going to start liquidating brick and mortar business assets and invest in income producing assets. I've been researching a lot, and I really like the Hamilton lineup, but they almsot seem too good to be true. Not a long track record either.
@@martycurtis7090 doing the same thing, selling off my real estate and going all in PII style, Hamilton is of course a big position in my portfolio..... From their website it says they launched their first fund in 2009, not sure which one that is though. HDIV has been around since 2021 and has been doing pretty great.
I just invested in JEPQ, thanks for your videos.
Like this video. In addition to the annual update, a 6 month one would be useful as well.
Thanks Adriano! Sorry I just realized this is your Canadian version of core holdings! Lol
As usual great work 🙏🏻
Thank you so much Adrian. Always loved your videos
Amazing video! Happy New Year Adrian and Erica!
Happy new year!
I think this was a great episode! Look forward to seeing more like it!👍👍👍
Like the video, lots of good information. Appreciate the Canada Stock Channel link! I compared HXQ to QQCC, the results are very interesting, with HXQ at $42,855 and QQCC at $16,875!, I understand income investing and total growth are very different, but the spread is quite large.
Excellent work Adrian - so far I hold HMAX & UMAX - but I’m thinking about adding - SMAX - mainly for growth & good diversity - without the overload of too many stocks - all 3 funds deliver very good yields with great potential and stock picks
Great review, I had my notepad out!
I like the core ETFs very much … thank you Adrian and happy new year 🎁🎁🎁🫰🫰
good info, every year would be great.
thanks for your input
Awesome, thanks for the video!
But you don’t hold forever Adriano as the video should be called core position ETF’s
Wouldn’t get as many clicks.
Thank you very much! You have the best channel for ETF.
Glad you think so!
BTY: What is the difference between Income portfolio and Dividend growth portfolio?
Excellent
Loving these overviews of the best available funds per category --- my one question is, when investing in an "all in one" fund, especially since the composition can change from time to time, how do you deal with "overlap of holdings" in a given sector, or is it generally insignificant providing you use intelligent rules re position size?
Maybe a video relating your thoughts on this issue and/or avoiding duplication (interfering with diversification)?
Cheers! and Happy New Year!!...from North Vancouver
I have the same concerns. Could you elaborate on what you meant by “intelligent rules”? I’m literally thinking of intelligent Excel commands that you can code for. If that’s what you meant, I’d love to know how you do it with your tracking spreadsheets.
Looks like most of HYLD is a covered call on QQQ. Looks like too much overlap. Of course I own it lol
@@RongRoseLiu I was simply refering to the general guidline, which I think really mostly applies to single stock portfolios, that no one position should exceed about 5% of the total. My personal portfolio was, until recently, just single Canadian Dividend Aristocrats/ Dividend Growers. As a result I had only limited indirect US exposure ( Can firms that operate in US markets), almost no Tech, no Health stocks, and I also had no Real Estate. In the last 18 months I've built up decently large positions in HYLD(5.5%), RS(4.8%), ENCC(5.0%) and lately GLCC(2.0%) and EQCL(1.8%) -- I plan on adding to the last two as well as adding HTA.
I don't track anything that closely, as my main concern is the income -- I honestly fail to see how "price returns" are very significant when the intention is to never sell, and just allow the holdings to continue to produce income in perpetuity. The longer I hold a position the more $$ it will produce for me -- I don't imagine that 15 or 20 years from now I'll be able to identify what an optimal high (or low for that matter) price may be. Instead I compare my portfolio's performance to the main indices (sometimes daily) and look out for noticeable underperformance. Kinda silly because with covered call funds things generally would have to go awry (with the fund) for a full year before any reliable assesment would indicate a problem.
Sorry for going off topic a little - thought the background might be helpful. I think as far as Overlap is concerned, I will literally have to check all the individual stock holdings of all the funds and "sub funds" and figure out how best to keep well diversified. I don't own HDIV because most of it overlaps with the rest of my portfolio AND with HYLD too -- HTA being an exception, lol. Crazy, right?
@@ridgebikes That's probably about right, although they continue to adjust the constituent funds.
It's worth noting because of potential upside that may be captured depending on the CC strategy. I own HYLD, as my first CC fund( and fund in general, coming from exclusively Canadian Dividend Growth/Aristocrats). I don't own HDIV because it overlaps my whole porfolio and also HYLD as well. The exception I'll be adding is HTA( Tech Acheivers). Also recently piled into ENCC(Horizons Energy Giants) and recently added GLCC (turns out Hyld holds about 2% of this -- probably not enough on it's own), and EQCL -- I intend to add to GLCC and EQCL as well as adding HTA. YTSL is a strong temptation, but still not totally decided on it as I would just have to put the additional income into one of the above mentioned in all likelihood -- Crazy, right?
I'm realy thinking to swap HYLD for USCL. Any comment about those who have done it?
Did this the week USCL came out. Easier fund to understand, pays better very happy with that decision.
Hi Adriano! Do you advise to reinvested the dividends that we get monthly? Can you tell what is the best move we can do for the dividends we get every month? Thanks!🙂
Great video !
all this etf can be bought by anyone anywhere right ? my portfolio is manged by UBS in Switzerland
Always great info Adriano. Happy new year
I wish Brompton would make an all-in-one leveraged covered call ETF but just with equities and no preferred shares
me 2
Are there any covered call ETFs for the TSX Venture Exchange?
not sure....
I own and like SVOL but... doubling the fee's to 1.16% is pretty bad and quite strange. But hey Adrian thinks this is now safer?
Getting paid to promote the high yield trash.
WHAT DOES FEES HAVE TO DO WITH A FUNDS STRATEGY OR CORE HOLDINGS ("SAFETY")?
@@ananditagangwar9988relax on the all caps! Seems a bit aggressive
If you use those stocks, which ones will have a positive balance if you live off of the dividends?
depends on many factors . its different for each fund
hey Adrian, if the market crashes, do you think these funds will continue to pay high yields? or what do you expect the fund manager to do if market crash,
Yes
Maybe the answer is obvious to everyone else but Why Core ETFs and the ETFs you hold in your actual accounts are different?
yeah it is obvious... i hold many of these myself . just because I personally dont hold them, doesn't mean they cant be CORE ETFs . right?
can us citizen buy this?
Hdif is done 20.99% in 22 months and the yield paid about 21%. Not any gain at all.
that's odd.... i get 890$ a month from HDIF , sounds like a gain to me (realized)
Junk
Last 22 months HDIV 1.6% - TSX -0.4% - SPY 12.8% - QQQ 21.4% so the fact is HDIF has done nothing and inflation has eroded your capital. Looks decent in the last year though HYLD kills it
Time is on your side. And if you reinvest the dividends that's how you build the compound snowball. It will either work or it won't. That's what I'm doing. Umax, dfn, ytsla . Drip those bad boys. @@ridgebikes
Happy New Year, dude.
Very interesting, I am a non-resident and presently have dividend withholding tax of 30% on all my USA based stocks. Would it be correct to assume that these Canadian Covered call ETF's still have a 25% withholding tax, as is the case for all Canadian dividends stocks, even though some of these ETF;s invest in USA stocks? If that is the case I can limit my withholding tax exposure by owning these Canadian traded ETF's. Thanks again for a very informative video.
correct. Canadian listed ETF = 25%
Adrian, are you based in Panama?
@@PassiveIncomeInvesting
U.S. Version of this video here: th-cam.com/video/zqR63JSvjdU/w-d-xo.html
Adrien , I am not sure, if you covered this in the past, seeing that TFSA AND RRSP, are maxed, could you explain how funds like Yieldmax and defiance etf would be taxed in a non registered account, I suspect that it would taxed as capital gains(not foreign income)(canada of course)as they are not dividends but gains from selling options, and would we still have to fork out 15%to IRS.
Thanks again for all that you do
i have an entire playlist on tax videos
Thanks for the update|!
Xei?
not a high yield covered call etf...
Sold all my YLDS when i broke even. Not worth it IMHO.🤬
YLDS??
@@PassiveIncomeInvesting Global Xs - qyld and ryld.
The low volume of pretty much all these etfs scares me , a'm i the only one ?
yup :)
what does leveraged mean ?
What does Google mean?
Has there ever been a forever anything other than death and taxes? 😂
My core position is YTSL. Ironically it's only one stock, but I genuinely think Tesla is going to be a big winner in the next decade.
i wish you luck
gambling not investing .. i dont do that
then why not buy the actual shares?