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BMO Equal Weight Banks Index ETF (ZEB $60.06)
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iShares Canadian Financial Monthly Income ETF (FIE $9.95)
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Hamilton Enhanced Canadian Covered Call ETF (HDIV $21.20)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $16.23)
Q: Half of my RIF focuses on steady, monthly income and the other half on individual stocks. To balance safety with higher income, I am looking to have equal weight in FIE and HMAX. As I rely on this monthly income, what do you think of this approach for long term holding? Can you suggest better alternatives?
5i Research Answer:
We have no issues with FIE or HMAX. The latter uses at the money options, so income is certainly...