Investment Q&A

Q: Retired, dividend-income investor. I own a full position in NNRG in my TFSA account.

I am looking to add an energy income ETF in my wife's Cash account. Because I am a huge Eric fan, I had naturally gravitated to NRGI, not even thinking there might be other alternatives to his income ETF. The question earlier today related to ENCC woke me up.

Could you please list some Energy Income ETFs that you think I should consider. I will then do some of my own research on each of your candidates. Is there one that stands out as head-and-shoulders above the rest?

NRGI is roughly 85% USA stocks. whereas ENCC appears to be very heavy (90%) to Canadian. Does this factor into the equation, related to income taxes and which type of account it should be placed in?

When overlaying ENCC and NRGI on your 6 month charts, they look virtually identical. ENCC has a 10% yield vs NRGI at 7%, although I suspect there will be special dividends in addition.

Your thoughts...thanks...Steve

Q: I own Eric's NNRG etf...full position, as my proxy for the energy sector, all of it in my TFSA. There are also energy contributions held within CDZ, ZWC, RBF646 plus AQN, FTS, TRP.

I am considering adding a smaller position in NRGI (Eric's income etf) for my wife. She insists on having dividends as a make-up of any equity position. I see NRGI pays a roughly 7% dividend (paid monthly), it also utilizes a covered call strategy, and the outlook for oil looks very good (in my opinion) for the next several years. I am not sure if you have had a chance to watch Eric's latest Ninepoint presentation on Sept 21/22.

Q#1 = what are your initial thoughts on this newer ETF by Eric?

Q#2 = could you rank in which account would be best to purchase NRGI => RRSP vs TFSA vs Cash and why?

Q#3 = it is roughly 85% USA. Does that influence the account choice, due to the 15% dividend withholding tax?

Q#4 = could you consider adding NRGI to your data base, as well as NNRG...thanks.


Thanks for your help.... Steve

Q: Good Morning,
NRGI does not currently show its holdings. Are ETFs required to show their holdings and should I expect to see this information on their website soon?
Thanks