🌏 Join ~ 8,000 Moementum Finance subscribers and get on Moe’s Newsletter: https://moementum-finance.kit.com/a7a0f6922b
In this inspiring interview, I sit down with a retired Canadian investor (Perry) in their early 60s who shares how they’re generating consistent cash flow and passive income in the tune of $40,000 per month from high yield covered call ETFs in their $1.5 Million Dollars portfolio and how they are using their regular portfolio income distributions. 📈💰
We dive into what drew them to a hybrid strategy of covered call ETFs and a few growth stocks, how they select their covered call ETFs based on certain rules (e.g. PLTE, ENCL, HHIS, HDIV, QQQY, QDTE, BANK, RDTE, PLTY, LFGY, MSTY, MSTE, HPYT, BKCL, CONY, USCL, AMZY, etc.) with weekly or monthly dividend income, the breakdown of their tracker and how the go about deciding on reinvesting their portfolio income distributions. They also share the temporary impacts of Trump tariffs on their portfolio returns, and how much of their portfolio income they are using vs reinvesting it in their current retirements years. Of course, this is not financial advice and mainly one investor sharing their own real experience so far investing using this hybrid approach. Past performance is not a guarantee for future returns and investing in the stock market has its own risks and volatilities. ➡️ What is your favorite holding in your portfolio and why?
✅ Subscribe to Moementum Channel for more Investing and Financial Freedom videos: http://www.youtube.com/channel/UCdowKIv5o3wDhpaOAx3FIZw
➡️Perry’s YouTube Channel: @PerryFpii
🌺Follow our entire portfolio on Blossom! Download Blossom App for Free to track your portfolio, connect with over 300,000 Canadian and US Investors, and to see my portfolio & trades! 💰🚀 https://getblossom.onelink.me/SOfu/moe
➡️ Get rewarded up to $2500 in cash by opening a free Wealthsimple Trade account using the referral code IZ0RTW … 𝗖𝐋𝐈𝗖𝐊 𝐁𝗘𝐋𝐎𝐖 👇
https://my.wealthsimple.com/app/public/trade-referral-signup?code=IZ0RTW
✅Earn $50 when you open a Questrade Account: https://start.questrade.com/?oaa_promo=556627103408909&
🌟Get a $10 Public Mobile credit and save on your mobile bill: https://publicmobile.ca/plans?referral=44RKZ9
#investingforbeginners #stockmarket #dividendincome #investing #canadianinvestor #money #financialindependence
*** Special Offers ***
👫 Use the referral link below to sign up for Shakepay Crypto Trading tool and earn $30 when you buy $100 of digital currency (That’s like 30% of immediate return!). Plus you can shake your phone everyday to earn free fractions of bitcoin: https://shakepay.me/r/TI81EPK
🎙You can also follow our Podcast, “Financial Independence Factor” (available on Google Podcast, Spotify and other platforms) for inspiring episodes focused on financial independence: https://open.spotify.com/show/6Ju5r3cXUOSNtFlOzc9ovV
✅ Use the following referral link to earn $20 when you open a new EQ Bank (Equitable Bank) account: https://join.eqbank.ca?code=MOSTAFA3611
✅ Open a Tangerine account with my Orange Key 56004245S1 and get a $50 bonus!
✅Get $10,000 managed free for 12 months through the Wealthsimple Investing promo link below: https://wealthsimple.com/invite/Mostafa
✅Get a Free Stock by using this referral code:
Invest in US Stocks and ETFs on Stake. Join today using my referral code mehrann962 and we can both get a free stock: https://hellostake.com/au/referral-program/?referrer=mehrann962
You can also find us on:
Facebook: https://www.facebook.com/moementumconsulting
Instagram: https://www.instagram.com/moementumconsulting/
Twitter: https://twitter.com/findmoementum
TikTok: https://www.tiktok.com/@findmoementum
Insanity, beautiful!
You only do this if you have enough cash because these ETFS you lose most upside
He started in 2023 and hasn't seen a bear market yet.. The covered call ETF theory will be tested in a bear market
Most of these distributions are return of capital. The capital is bleeding. Better to hold the underlying
Great video! It's not a very well know stock but I recommend investing in Pennantpark Floating Rate Capital Ltd (PFLT) They pay a nice monthly dividend and the dividend yield is 11:71%
3:24
All you boneheads put this crap out there as if all one has to do is buy some high yield ETF stocks and you're set for life. Dude, the value of these must be assessed on a continual basis in terms of not only the dividend yield, which varies continuously for many of these, but also the inevitable share price erosion. Many of these lose money over the course of time as the share price erosion outpaces the extraordinary dividend payouts. These are NOT buy and hold investments. They are a buy and watch carefully, and when the share price erosion exceeds the payout, then sell. I have been buying these, but I've invested in many of them, and the metric is how the group of them as a whole performs, knowing that you will have to sell some of them at a loss down the road, and the high dividend yields from the group of them is utilized to make up for these losses. Then we will see if the group of them can make more money than ordinary 10-12% dividend stocks that do not erode over time to near the same extent.
Non reg tfsa rsp rifs? Are these specific to Canadians?
After looking at the performance of the ETF s that you all talk about. Let me tell you. NUMBERS DONT ADD. You guys are up for a big rat surprise.
Whereas listening to and following other typical dividend investors was like going to college, which started me off with an annual @12% yield with BDC's, REIT's, CEF's and some CC ETF's, listening to Perry was like going to graduate school. I was already there having sold all my prior stocks and bought fully in to high yield CC ETF's, but listening to Perry has been hugely encouraging. His videos are like college courses, with very clear and precise teaching on stocks and investing. My current strategy is to buy a group of these (25), then reinvest the first six months of dividends so that my portfolio increases in book value by 25% (e.g. starting with $100k, reinvesting to raise the amount invested to $125k). Now I can comfortably take out and live off of the dividends from my initial $100K while reinvesting all of the dividends from the additional $25k that the fund generated. So the fund creates its own buffer that continually counters any NAV erosion and retains a market value that remains at or well above my initial cash investment.