Q: I realize the fund is only a couple weeks old, so very new and small, but what do you think about it as an income vehicle. They're also offering single stock versions, which definitely looks more like single stock bets. Is this just a matter of Ninepoint needing to match its competitors offerings, or is it better than, say, Hamilton's offerings.
As a person living solely off my portfolio, I have ~4% of my equity holdings in various covered call offerings, understanding that I am giving up growth for immediate income.
Is Ninepoint's something that should be considered as well?
Thanks as always, for your wonderful service.
As a person living solely off my portfolio, I have ~4% of my equity holdings in various covered call offerings, understanding that I am giving up growth for immediate income.
Is Ninepoint's something that should be considered as well?
Thanks as always, for your wonderful service.
5i Research Answer:
We think this is Ninepoint playing a 'me too' game simply trying to drive asset growth while a...