Investment Q&A

Q: Continuing with Adding Core Portfolio holdings. Energy Sector has EMAX (3.54), ENCC (1.23) & FRU (2.93) for 7.73% of my portfolio. (FRU I have traded many times). Any comments on the Energy Sector holdings?

Q: Hi. would like to know in what account (RRSP,TFSA,NON-REGISTERED) would be best suited for these ETFs and your best to less favored in order for each account type please. ZWB, HCAL, ZWK, ZWE, ZPW, UMAX, HYLD, HDIV, HDIF, ENCC. Thank you

Q: I want to increase my energy holdings in the current market. Currently ENCC’s yield is around 14% due to selling covered calls. How do you anticipate that it will fare in the next few years?
Thank you for your excellent service.
Geoff

Q: Would Canadian funds such as ENCC, BANK, HMAX which hold Canadian stocks be taxed as dividend income or as capital gains income by the CRA ?
I believe that similar funds holding US stocks would be taxed as capital gains.
Thank you.

Q: With the downward trend of OIL -what effect will it have on the yield of ENCC ? etc?

Q: I'm leaning towards emax in a cash account to diversify with the US holdings even though encc has a higher yield.

What are the tax implications of emax vs. encc.

emax writes in the money options on 30% of the holdings
I cannot find this data for encc

Thank you

Q: I am retired and in an income based RRSP your thoughts on switching ARC, SUNCOR and TOPAZ to the higher yielding EMAX and or ENCC

Q: I have held Freehold for a little over 2 years, and am no more than even on the stock price (but at least have the dividends). Similar to James' question today, I am thinking about selling FRU and moving to an energy income ETF. I have been looking at EMAX, but was not aware of ENCC that was mentioned by James. EMAX is new, but I like the North American approach vs ENCC which appears to be only Canadian companies. Could you compare the pros and cons of each ETF, including taxation of distributions, call strategy and any trading premium to NAV. Do you have a preference of one over the other? My objective is some sector exposure and income, more than capital gains.
Thank-you

Q: I was considering selling FRU to buy ENCC. They seem to follow each other and ENCC has almost 2 times the yield. What would be the your thoughts on this trade? Thanks, James

Q: why is this considered hi risk? Thx James

Q: Please rank the above in terms of risk/reward and technicals

Q: Just read an article in the Financial Post recommending these high yielding etfs.It seems to me to be extremely bad advice for your average investor.Your thoughts??

Q: Is this ETF too volatile and risky for a conservative investor? Terrific yield.

Q: What do you think about this ETF for the rest of this year? I like the chart , it's turning up. Thanks

Q: What is your perspective on this ETF for income in current environment - with regards to safety and risk?
Do you believe that gas and oil has bottomed out?

Q: I am interested in your opinion of the eft's listed. With all the market turmoil I am looking for a basket of etf's with a high dividend and solid underlying holdings. I am also wondering if I am missing something in on your site where you evaluate ets's or do need to ask for that as an added service. Thanks for your help. Bob

Q: I currently hold BTE at 1% weighting and thinking to switch to ENCC and add for up to 2% weighting for yield and diversity in energy sector. In your opinion, is this the better move, or would holding both at 1% weighting be the preferred option? In an RSP seeking yield with some growth.

Thanks

Q: I need income. I'm bullish on oil. I'm trying to decide between encc & nrgi. Nrgi holds mostly US stocks which could be a tax problem. I don't mind giving up some upside for a covered call strategy.

Maybe a combination of both?

Thank you.

Q: What covered call etf would you recommend for the oil and gas sector that does not incorporate return of capital in their dividend. Thanks for your advice.

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