I would like to invest this money in some sort of interest bearing etf or portfolio.
My options would be to invest the money in:-
1) 5i Research Income Portfolio.
2) Hamilton ETF's HDIV and HYLD. I would put equal amounts into each ETF My thinking is that HDIV would give the income yield and HYLD would supply the growth.
I already run your 5i research Income Portfolio which I could add to
We can't get personal, and we certainly can't tell anyone directly to follow our portfolios. We are confident in the portfolio holdings, but choices have to be personal. HDIV is a enhanced covered call fund. It uses some leverage, which can increase both returns and losses. We think it is fine to own, but investors need to understand the leverage and covered call process. HYLD is similar but more US focused (107% vs 62% in the US, note the 107% shows how leverage can change risk exposure). In a stock market rally, covered call funds can underperform. But the leverage would help, and thus any performance gap in a rally might be negligible. But more upside (and risk) will always come from single companies. These ETFs are not likely to double, but some stocks certainly can. We think a combination of diversified ETFs and some selective stocks is usually the best approach. We would be OK owning these funds as 'part' of an overall balanced portfolio.