55% Yield?! | KLIP ETF Review | China Internet Covered Call Strategy + Q&A w/Kraneshares
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- เผยแพร่เมื่อ 26 ก.ค. 2024
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00:00 Intro
01:35 KLIP ETF Review
09:25 Q&A w/KraneShares
12:11 KWEB ETF
15:32 KLIP ETF
16:59 Covered Call Strategy
23:35 NAV Erosion Risk?
26:10 Distribution Sustainability
29:52 Monthly Payout Strategy
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
GOALS of this Channel:
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.
#passiveincome #investing #dividendincome #financialfreedom #livingoffdividends #covered call #high yield #income
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Nice ! 👍 Have had a small position in KLIP along with the YieldMax ETFs as a yield booster in my portfolio for the past couple of months - really happy so far!
Thanks for sharing!
Not touching anything from China with a bargepole. Whole country is a fraud lol
Watched and liked, thanks Adriano! Have a small position in KLIP and Telsa YieldMax. Also quite a bit in YTSL.
Since January KLIP has dropped over 4% per month. Its payout is similar resulting in a negligible gain. How liw will it go?
You need to combine KLIP with KWEB. The ratio have to be 70% KLIP 30% KWEB for the best gains
Can you ask the kraneshares manager if you can do flex european options on your own covered calls?
🙏 thanks you for all your hard work,❤🙏and sharing your knowledge.
nice interview Adrian.... thanks for doing these!
More to come!
Thanks Adrian for another great interview video! I love these interview videos with the fund manager. We get to see who is managing the fund and learn more about how the fund operates.
The beauty of these super high yield funds is that you do not need to risk a lot to get that massive dividend. Already in KLIP and it has definitely boosted my RRSP's overall return %. 😋
More to come!
@@PassiveIncomeInvesting KLIP does not work for a young retire like me. I need NAV to increase some & high yield. I wish they keep some money and added to the NAV. You mentioned some did this, which ones?
This does not work for a young retire like me. I need NAV to increase & high yield. I wish they keep some money and added to the NAV. You mentioned some did this, which ones?
it was QYLD and the rest in the YLD products
JEPI, JEPQ, and DIVO should and have. YLDs don’t. KLIP is down 24% YTD. Just giving you your money back imo.
From what I was able to find this is Return on Capital...so not taxed if I understand?
Great info. Thanks! I’m going to grab 100 shares as a yield boost too.
I have SVOL and TSLY also as yield boosts at less than 6% of my dividend portfolio.
Another solid review Adriano. Got me thinking about what has the highest volatility out there without a covered call on it yet.
the most volatile stocks. COIN and SQ are incoming yieldmax etfs, i think they will have even higher yield then tesla but of course volatility changes all the time! in 10 years tesla might become a boring stock
Question if I hold this in my TFSA would I have to pay tax at the end of the year? Or is it just that the 15 percent would automatically come off the $.8+USD dividend?
Love your channel thank you so much!
second thing you said! and thanks!
I don't know, so far the chart on this one just looks like a race to zero. Until the stock price stays up for at least 4 or 5 months, I think I'll pass. If you put 100K into it at inception around 25 per share - 4000 shares. Today it'd be worth 72,000 with only approx. 21,000 paid out in dividends. But who knows.
Buying 100 shares for fun tmr and see I think china will go to the moon soon.
What happens if the shares get called away if they’re writing cc on 100% of their position?
Great content! As a Canadian, to receive the dividend payment of a stock listed in US (nasdaq, Amex,...), how many days before ex-dividend date I need to buy it?
You need to buy before the ex-dividend date.
Very good interview. I like the european option type, it gives more security to the calls and secure a good part of the distribution. 😁
There's no free lunch. The buyers of the European options will not give you the extra benefits without anything in return.
The risk is you can't close a position before expiry if the position tanks like you can with American style.
Hi, can you please create a video about the spread vs covered call strategy? for example SPYI
SPYI video to come
Great video Adriano! As I gain more understanding & confidence & see how my portfolio does as per our coaching call, then eventually maybe I’ll be ready to add these type of funds
Thank you 🙏🏻
Good to know, hoping Purpose will create yieldshares exposure to Chinese stocks so I can buy in my TFSA w/o the 15% tax reduction
lol wishful thinking my friend
Great interview!
Nice vid. I have a few shares of this .. tsly usoi svol and yes I'm still holding qyld.
Tsly payout for July is $ 1.0661
Hello Everyone, I’m considering Webull. Does anyone know if it drips CLM at the NAV? Thanks!
I’m sold. I’ll be investing 5 bucks!
definitely will be keeping an eye for this... At 55% yield, I don't mind holding it in my Canadian account... even with 15 % taxes taken out, it's a great deal!
I've got a small position in my CDN accounts for a bit of a boost - even considering the 15% withholding - 55% would be over 46% - still well worth it!
@@MrChepburn tht's exactly what I was thinking as well.. I don't want to drip this one or put it in my RRSP... I just want to get my Principle that I put in back asap and then let the rest of it fly!
I have small positions of KLIP, the Yield Max ETFs, SVOL, CLM in my TFSA. Totally worth it.
Down 24% YTD. Likely giving you your money back ala Bernie Madoff.
I have it in a fund pf designed to pay once a week. Pimco funds like PDI for 1st week, BITO for 2nd week, Yieldmax funds for 3rd week, and KLIP for last week
Nice - what kind of yield have you been getting on BITO ?
@@MrChepburn Just got it so not to sure, but guestimates from various sites say 8-10%, although it just started paying divs and they seem variable
@@MrChepburncurrent yield is around 30%.
What is the NAV of Klip plz?
its on their website. it will be very close if not identical to KLIPS share price as its an etf and not a CEF
This is returning a net of 14%, I'll take that any day of the week plus the share upside
I’m a USA subscriber! I love your content
Adrian I am trying to figure out how KLIP would be taxed in a normal account. If you have any insight I would love to hear it. Love your videos...I am watching lots of them at the moment.
Have you looked at the charts? It’s down 24% YTD
Good time to buy in no?
@@hsootube Who knows. Better than at 20 I would guess. This ETF is a big experiment. Might be a disaster but might be huge success.
Hi Adrien...how can we determine how this fund is taxed in Canada? Thanks for all your great videos
i would not hold it in a cash account because the the 15% tax , but if you do you can expect foreign income and roc mostly i think
@@PassiveIncomeInvesting thank you...just so I am clear from what I can understand in your videos...ROC is not taxed at all right? Which would be a positive for me if I got that right?
Which one do you like better KLIP or TSLY. I like both. Also do you know when the Ex-Date for June is?
Hey Eddie I called last Friday and they told me it was the 28th for klip
i cannot say to like one better than the other . the strategy and goal is similar. that's what i like.
The ex date is always three business days before the end of month, then it gets paid last business day of the month.
TSLY!!!
Adrian, What do you think about "Canadian Banc Corp (BK)? Gives out 15 % yield and has been doing so since 2017
Dude thanx 4 this one. It’s more stable than DFN
I really like this fund. It has performed great over the years. I wonder why it is not more talked about.
@@joehogan8234 maybe the 30% premium. 250% short.
Have your thoughts since changed? The price is still going down.
55%….one word. RISK. I would definitely not put important money into this one. But hey! China is a huge economy and some access is likely better than no access. Not for me,but to each their own!
Any idea why it’s not available to trade on WS?
yeah because its WS lol
@@PassiveIncomeInvesting on which application can we buy some of this stock ?
Great video
I Looked at their 19a fillings it's all ROC
It owns it own covered calls. I call that a conspiracy to sucker in investors. I would like Covered calls that owns other options from different companies that are not tied or related to itself.
A “conspiracy to sucker in investors” LOL
Very good content
love klip
This company is not available through Wealthsimple
Thanks for the video.
I have a small position of KLIP and the YieldMax ETFs in my TFSA.
Totally worth it when you consider that the Canadian funds range from .10-.18 cents.
Despite all that income, NAV has lost more than the income brought in. Total return is -4% since January.
Exactly - this is what keeps me away from funds like this. Would be better off with a GIC on total return basis.
your nuts....
seriously? it just came out , so silly
@@PassiveIncomeInvesting what about them?
@@PassiveIncomeInvesting calling it silly is rather harsh - it is just a comment on what the numbers are. I have a large and diverse passive income portfolio based on many of your recommendations, but the NAV degradation that comes with the particular CC strategy that KLIP employs is just not of interest to some who do care more about total return as opposed to the stream of income only. Depends on the individual and their style of passive income investing
The current total return is less than 10%
Down 24% YTD. Pass.
@@unorthodocs1KLIP is down because KWEB is down the same amount this year. As simple as that.
Personally I refuse to invest in Chinese companies because they all, by law, must have ties to the CCP, usually by requiring several board members be CCP members.
The abysmal human rights record of the CCP makes it unpalatable for me to invest in China.
Tencent worked with the CCP to develop the Orwellian Social Credit system.
Alibaba CEO Jack Ma was critical of the CCP, then disappeared for several months, and when he resurfaced he was singing the party's praises.
Universities across the US are trying to restrict the admission of Chinese Students to sensitive R&D programs because of the regular theft of new innovations winding up in the hands of Chinese corporations.
We all have our moral standards.
Some people refuse to invest in weapon manufacturers (Raytheon. Lockheed)
Some people won't invest in tobacco companies.
Some people won't invest in Oil and Gas.
I won't invest in China.
Leave Taiwan alone.
Respect the 1 Country 2 Systems agreement with Hong Kong.
Stop sterilizing and indoctrination the Uyghur people.
Stop threatening Tibet.
Stop developing viruses that infect the world.
We all have our ethical standards.
As Investors we choose which companies visions shape things.
All that said. I'm a Free Market guy and a Capitalist. Your money. Your choice.
But don't forget that is a value championed by the Freedom of the Western world (though we have to remain vigilant that it isn't suborned by our increasingly autocratic governments).
Investing in a nation like China which doesn't believe, even tangentially, in Freedom...where will that lead?
I am buying it now at a steep discount. You can see that it is near bottom. Even if it doesn’t do 55%, it can average 30% that is well worth it
KWEB is definitely at a discount yes
what a gift .. already have $15k in it .. reinvesting all the dividends of course
You look at its chart? Down 24% YTD. Be careful.
Yikes
I can not find it in wealthsimple
It’s not available with Wealthsimple
55% yield? How can something like this exist and be considered investible? its gotta have significant risk of bankruptcy within 2 years... Scares me a bit lol
Gives you your money back each month.
at the money covered calls on something volatile. did you watch the video or just look at the thumbnail?
This 55% sounds like it will get delisted from the exchange in future. Lol. Even u should not get sucked in
Lol so silly 🙃 thanks for making me laugh today !
@@PassiveIncomeInvesting i apologize for that comment. Sorry
Did you say it's good for resp or rrsp
only rrsp (or retirement accounts) are exempt from witholding tax
@@badwifiop thank you
In a Cdn unregistered account, you won't receive the 15% withholding tax, but you will receive a tax slip at year end giving you a foreign tax credit for the withholding (so it's not lost).
Withholding 15% tax for Canadians non-registered accounts is confusing for me.
My understanding was that covered call premium is considered capital gain, so no withholding tax. That's why I have tsly in my TFSA account. Listening to this KLIP video it seems that we should have it in a retirement account to avoid the 15% withholding tax. However, it uses covered calls and that should be considered capital gains. I'm confused!
I have TSLY in my tfsa as well. They do take 15% withholding tax. Perhaps because it's US covered calls. Maybe Canadian covered calls are taxed as capital gains.
The key , is what market is the fund listed on. Canada = no 15 . Us listed = 15
@@Martmi29 interesting as the IRS rules say it’s for American dividends. Maybe they have a different definition of what a “dividend” is down there? Any experts can elaborate?
@@Nevin1343 TSLY is an American div. That's why they take the 15% out.
😂
1st
All in 100% of portfolio. 😂😂😂
Wow fr?
Great video 🙂
Kitty 🐈⬛?
Rb 🏳️🌈
Banned from your group for calling you a youtube personality. Meant it as no disrespect but pretty sad.
yes that is sad. I guess I am a " a you tube personality" but im pretty sure that wasn't the reason somebody banned you. its probably the crap you said around that statement. either way, i dont know who banned you. whats really sad is that you could have emailed us or contacted us about it like a man, instead of leaving a YT comment like a child ohhhhhhhhhh lol
@@PassiveIncomeInvesting Yikes, you sound very immature and you are lecturing me? I was one of your biggest contributors and I helped a lot of people and always answered questions. I am not sure why you use genders and think that only men can respond a certain way but not women. Very bizarre response. Sexism and ageism in one post. Kudos to you. 😂
Is this yet another amazing fund europeans cant invest in because nobody ever launches anything "UCITS".
sorry :(
I'm actually thinking of opening an account with Interactive Brokers to get access to these. Not sure though if it will work.
Why invest in China
there's like a billion people over there lol
Cause Chinese food is great
This sounds crazy…BUT…just as a learning experience I think I might try $2,500 in my wife’s RRIF account…if it works out great then I’ll take the credit…if it bombs…well you can guess who will take the blame😜