Investment Q&A

Q: Could you confirm how one should look at the total return for funds that use leverage to enhance yield? For example, I am showing growth of 13.16% on my initial investment in HMAX and it has a current “yield” of 12.48% so does that mean in the one year I have owned it I am up 25.64%? For HDIV, the numbers are 18.86% share growth and a 9.99% yield for total return of 28.85%? In past discussions of these products it doesn’t seem that what you see is always what you get!

Appreciate your insight.

Paul F.

Q: I am an 80 year old value investor. In a diversified portfolio in all sectors, covered call ETF's as per above, make up 10% of my portfolio. I am satisfied with that and all but two are up. 30% of holdings are ETF's including the covered calls.
QUESTION:1. Am I holding too many covered call ETF's? They seem to take the stairs up and the elevator down faster than single stocks. 2. Is it supposed that the covered call ETF's will plunge faster than the single stocks in an expected steep correction?
Thank you

Q: I bought DFN and HMAX a few months ago because of the dividends--today they are 16.85% and 12.76%
but also a pleasant surprise of growth in each of 31% and 34%
So have now added the above stocks
I monitor all of them daily
Would be interested in you comments on this??

Q: I have been asked by a 23 year old to provide suggestions for when she initiates her FHSA.

I immediately thought of the banks , which I believe is the premium Canadian sector for long term growth, growing dividends , and safety. I would also recommend a more Canadian diversified security (UMAX ) for her next purchase. Of the above banking securities ( all owned between my cash, tax free, and registered accounts ), which would you start with ? Would you be comfortable with UMAX as second pick ( admittedly hasn’t done much but provides diversification into large cap companies and a good distribution yield). I am only interested in Canadian securities at this point. Should I be comfortable with this approach? Any thoughts would be appreciated.
Thanks. Derek .
Any

Q: HMAX's dividend has been slowly declining since the ETF's inception in 2023. Please offer an explanation for the decline, as well as provide your thoughts on the size of the dividend going forward. This is one of the few investments I hold strictly for the income stream and, if the dividend is likely to continue trending down, I will be moving on. Thank you.

Q: HMAX ETF pays a dividend of 12%, payout ratio of over 200%, reduces the asset value by the overpayment and unit value is also increased. We would apreciate your comments on the prospects of this ETF and their trading history.

Thanks for your valuable insight.

Thomas

Q: Hi,

I’m a real estate investor and I love monthly distributions—HMAX and UMAX felt a lot like collecting rent. However, after realizing a significant portion of their payouts is ROC, I’m exploring alternatives that offer high dividends, low ROC, DRIP eligibility, and potential capital appreciation.

My horizon is 20+ years. Could you suggest 2–3 ETF ideas in Financials and Utilities that fit this profile in the Canadian market ideally or global.

Thanks,

Q: Hello,

What are your thoughts on having those ETF/MF in ones portfolio with the purpose of generating a stable monthly dividend? Also, I am interested in your thoughts regarding MSTY (US) ETF which appears to pay a dividend of 127.45%. How sustainable is this rate. Looking forward to your thoughts.

Q: NVDA has now grown to 8% of my portfolio and I am considering paring it back down (again) to 5%. I don't have any crypto exposure, so am looking at investing the freed-up funds in HOOD. This would bring my investment in financials to just over 30%. I know you can't comment on individual allocations, but if this were your portfolio and you already held BN, BAM, X, V and HMAX...would you be concerned about putting too many eggs in the same basket? Or would you feel there is sufficient diversity within the already-held funds to add HOOD? Thank you.

Q: I hold these in roughly equal amounts totalling around 30% of my RRIF where income is more important than growth. Should I consolidate these or just leave alone ? Thanks . Derek.

Q: Hi,

If you had to choose between the two for "total return" in the present economic environment, which of the two would you choose?
Do you have any other suggestion for covered call income that you would prefer over these two?
Regards

Q: I wonder whats happening with this? any ideas?

Q: I have been building a portfolio with ETFs.
ZWC (10.3%) & HMAX (4.97%) makes up the Canadian Income Equity Sector (15.3%)

I am 77 years of age and only interested in Dividends, Interest and Distributions. I have 9 sectors I will present each over the next 2 weeks. Please comment on the 2 ETFs in this sector.

Thank You, Jim

Q: In my accounts I hold the above. Would you please rank them for their expected total return over the next 1-3 years. Also with respect to each holding, if applicable, would you please give me a subsitute that you "prefer" or suggest might perform better in the same space.

Thanks,

Terry

Q: Please give me your opinion about this AND an alternative Bank ETF. Thanks!

Q: Given the current volatile market, option selling etfs seems to offer some tax efficient income while waiting for things to cool down somewhat. What is your opinion on investing in these vehicles? What is the risk / reward equation in an uncertain market. Is there one that you would prefer if you were considering for your income portfolio. Thanks

Q: As a retired mainly income investor am I okay to keep holding these ETFs in the current market?

Q: I'm impressed by the performance of the Hamilton Etfs, managing a crazy high 'dividend' and not really losing price. How will the Hamilton covered call ETFs (I've listed only a couple examples) do in a down market -- will they outperform or underperform the market ? I know they are new products; are these ETFs at risk of 'bait and switch' in terms of some unseen fees or reduced distributions?

Q: What are your thoughts on HMAX (Hamilton Etf) and Petroleo Brasileiro NYSE: PBR
Thanks,
Carlos

Q: I hold the following High dividend players: CALL, DGS, GLCC, HDIV, HMAX, HPYT, QQCC and QQQY. Can you please rate these as safest and best for growth. I am down on HMAX, HPYT and QQQY. I hold so many as I am leery to place all dollars on one player. Or are there some I should sell.