Canadian Covered Call ETFs For Passive Income Has Become Dramatic As We React To Ben Felix Calling This Style Of Investing A Scam To Though’s Seeking Dividend Income To Supplement Life Style Income
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Don't really care about the drama.
There is a couple of things everybody should think about:
1: Adriano, Perry, the other bald guy and the other one who looks like the guy on tv: They are "Excel Sheets Portfolio" youtubers. They show excel sheets with their "holdings"… Never the real web page of their bank or brokerage lol I can too have an Excel Sheet portfolio with 4M$ of CC etf…
2: They are retired but Adriano says he invested 10k$ last month in HHIS, 10k in bigy, 10k in glcl, 15k in mste, 10k in eth and 9.5k in clsa… Wow, he is the retired person with the most income I know…
3: Maybe if people took 15 minutes to go through the funds tax and semi annual reports they would understand that those funds are not even able to make real income from the options… They all are negative. ALL. It is all freely available on the funds manager's website (yieldmax, purpose, harvest, hamilton, etc) even the loved HHIS lol
They say that they are tax efficient and that is why they do RoC… Nah, they do RoC because can't get enough income from the options and they lose too much shares to the options…. It's all vapour…
Invite Adriano onto your show, and a referee to monitor talk time.
No surprise the Blossom event was sponsored by Harvest. Adrian and the Blossom crew are basically shills for CC industry now.
You hit the nail on the head when you said “unless you’re someone who didn’t save enough for retirement”. I am close to retirement unfortunately there have been personal issues that compromised my assets. I never invested in the stock market simply I had no exposure to people who do as well as I was quite intimidated by it. But recently I started to learn about it and started investing. Still far too late to make a big impact to my future. Right now I have invested mostly in the ETFs like VDY, XEQT, ZSP etc and a bit gold and a couple of cdn stocks. I have a long way to go and still learning but one thing I know for sure I’m 66 and I won’t have a long investment future. The idea of yields are actually more attractive to me than the value of my investment in 30 years. Most likely, I won’t be around. But living comfortably right now is important to me. I am currently experimenting with HYLD. It seems like a viable option but this online war is making me conflicted. I enjoy your videos simply because you seem well versed in investing. Could reply to my next comment? Surely covered calls are a good option for people like me.
You can't admit that HYLD and HHIS are killing everything you've talked about for a year. And you insult your followers. Cool Bye.
25% leverage on the canadian versions (come on US versions). They almost keep up with the underlying (which is close enough for me). They always strawman with YieldMax. Not to mention people who only have part of their portfolio as an income portion. Ya I know how to push the fucking sell button when im up and guess what I buy more income.
The problem I have with all these "Covered calls are a scam" and " What they won't tell you about CC" is that everyone who dumps on CC are the same people who tell you to never time the market. They also conveniently forget to tell you that when investing in traditional stocks, you have to sell them to make any money. Thus you are timing the market, which is what they tell you to never do. Better hope you don't find yourself in a recession or economic down turn when you need to sell or you are screwed. It would be nice to have someone on Youtube who isn't biased and tells you that CCs are good building yourself a steady paycheque for retirement while traditional stocks / etfs are good for building a nice nest-egg lump sum for when you retire. Investing doesn't have to be tribal, it doesn't have to be biased. There are plenty of strategies to make money and just because you invest in traditional ETFs or stocks doesn't mean you should just ignore CCs because some talking head calls you a clown because you're not putting all your investing into one type of strategy.
You mentioned being against leverage at one point. I'm just curious what you would have against leveraged funds that are tracking an index. If you look at USSL vs. USSX (same as VFV) or QQQL vs. QQQX (same as QQC) or HEQL vs. HEQT, the leveraged ones always outperform in total return. Yes, of course they will dip more in downturns, but since the market is up about 75% of the time, you are going to have outperformance over the long run. (The more extreme leveraged funds, with 2x and 3x the underlying, are a different ballgame which I won't touch on here.)
Many, perhaps even the majority of covered call ETF investors, either don't know how to calculate total return or simply don't care. They focus only on the yield. Some investors mistakenly believe that all fund distributions are pure profit, unaware that funds can also distribute return of capital.
Why does it even matter what Ben thinks? It’s not his money. If someone feels it’s income and they live a comfortable life on it. What’s it to him? It always feels like the other side only feels better when they run their mouth. No one cares. Not your money so stay in your lane and manage your own money. The world is full of educated experts. But if you have to come to YouTube to have an argument with people then maybe it says more about you than them.