Q: Good morning and thank you for your good recommendations. What is your opinion toward ZPH for income. How risky is it as opposed to a covered call type ZWB-ZWC approach and what maximum allocation would you give it in a portfolio?
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BMO Covered Call Canadian Banks ETF (ZWB)
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BMO Covered Call Utilities ETF (ZWU)
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BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY)
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BMO US Put Write Hedged to CAD ETF (ZPH)
Q: I am an income investor seeking capital preservation over capital appreciation. I am thinking of purchasing some or all of these ETFs. Do they meet my requirements? How would a downward market correction affect these ETFs?
Thanks for your assistance
Thanks for your assistance
Q: I bought 3000 shares of NSU for income last November and I am now down 18.5%. It is currently near its all time low. Is there any reason to keep holding this. What do you think of using the money to buy ZPH, a new ETF recommended by Berman? Or other?
Thanks for your thoughts on this.
Thanks for your thoughts on this.