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OT: Let’s Talk About Stocks, ETFs, Crypto — NO POLITICS (Part 4)

Habs said:
you make a much higher div on a CC ETF, but you don't get near the upside when the stock goes up. If you are div hunting I love covered calls and the ETFs. I use a company called Purpose Investments for the Tesla and other Covered Call ETF's, snoop around the site good literature there.
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This.

Covered call ETFs are ideal for income seeking investors due to their significantly higher yields and some downside protection, though they come with the trade off of limited upside potential.

Regular ETFs are better suited for those prioritizing long term growth, even if it means accepting greater volatility and downside risk.

A lot of people prefer the long term slow growth, but my thing is... nothing is certain, and if you believe in the fund anyway (i.e S&P 500, NASDAQ, etc), then holding these funds in a covered call strategy with leverage is the best and you can do the same as you would hold a long term growth fund, i.e buy and hold forever.

Cash is king and you make $$$ monthly, guaranteed (dividends may fluctuate but not by much). With regular ETFs you better hope that long term stuff stays stable otherwise you ain't getting sh, so in a way, regular ETFs/stocks are actually more of a gamble.
 
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This guy is a carnival barker but he may be offering some actionable info on NVIDIA (and AMD). Good time to add some?

 
River Meadow said:
This.

Covered call ETFs are ideal for income seeking investors due to their significantly higher yields and some downside protection, though they come with the trade off of limited upside potential.

Regular ETFs are better suited for those prioritizing long term growth, even if it means accepting greater volatility and downside risk.

A lot of people prefer the long term slow growth, but my thing is... nothing is certain, and if you believe in the fund anyway (i.e S&P 500, NASDAQ, etc), then holding these funds in a covered call strategy with leverage is the best and you can do the same as you would hold a long term growth fund, i.e buy and hold forever.

Cash is king and you make $$$ monthly, guaranteed (dividends may fluctuate but not by much). With regular ETFs you better hope that long term stuff stays stable otherwise you ain't getting sh, so in a way, regular ETFs/stocks are actually more of a gamble.
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SUPER LIKE and a THUMBS UP
 
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River Meadow said:
This.

Covered call ETFs are ideal for income seeking investors due to their significantly higher yields and some downside protection, though they come with the trade off of limited upside potential.

Regular ETFs are better suited for those prioritizing long term growth, even if it means accepting greater volatility and downside risk.

A lot of people prefer the long term slow growth, but my thing is... nothing is certain, and if you believe in the fund anyway (i.e S&P 500, NASDAQ, etc), then holding these funds in a covered call strategy with leverage is the best and you can do the same as you would hold a long term growth fund, i.e buy and hold forever.

Cash is king and you make $$$ monthly, guaranteed (dividends may fluctuate but not by much). With regular ETFs you better hope that long term stuff stays stable otherwise you ain't getting sh, so in a way, regular ETFs/stocks are actually more of a gamble.
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For both QQCL and USCL, there is slightly less than zero growth over the last year but those dividends are spectacular. This is great for someone nearing retirement or who has less than 5 years timeline horizon.

I like that they’re on the TSX and how you said that they pay monthly. Makes you wonder how some people are still putting money in GICs.
 
In case you like your stock breakdowns rattled off by a guy with a slick delivery, here’s an intriguing list:

 
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Might be worth it to look into getting some Boeing stocks as they recently got billions of dollars in contracts around the world.
 
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ETF's are long term investments. Gold is where I put my money now before our dollar devalues or becomes replaced with a digital form or the banks freeze your accounts
 
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Conflicted Habs fan said:
ETF's are long term investments. Gold is where I put my money now before our dollar devalues or becomes replaced with a digital form or the banks freeze your accounts
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Bitcoiners feel the same way. I do own a large chunk of MSTR because I do believe it's digital gold. Also love physical gold plays.
 
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River Meadow said:
There are huge advantages to ETFs over single stocks, so that is very wise. Single stock regardless of what it is, is always more risky.

VOO and QQQM are good, but I much prefer something like USCL and QQCL, which are covered call ETFs with 25% leverage. Literally buy and hold forever.
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You don't really need leverage, companies do it for you.
 
I like NVDA at current prices but that’s about it from this guy’s list.

 
BozoTheClown said:
Dogecoin up over 30% in the last week.
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Altcoins, dogecoins, crypto, bitcoin — it’s an alternate universe to most of us. I believe their viability and upside are based on arguments about global liquidity. This clip helps provide a rationale but there is a lot to unpack.

 
Runner77 said:
Altcoins, dogecoins, crypto, bitcoin — it’s an alternate universe to most of us. I believe their viability and upside are based on arguments about global liquidity. This clip helps provide a rationale but there is a lot to unpack.

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This world is still fairly new to me, it’s literally like learning a new language while being unpredictable.
Interesting that they mentioned young people should be getting into cryptocurrency since they have been priced out of the real estate market.

The cryptocurrency I have are DOGE, ADA, HBAR, COTI, SHIBA, WLD and DOT.
I will only sell some when the price has at least doubled.

The last bitcoin run of $40k in November 2024 took over 40 days and now bitcoin is in a 21 days $20K bullish run. It’s now forming a flag pattern on the 15 minutes and less chart. Let’s see how this unfolds on Monday.
 
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Got to love the volatility of the markets.

Bitcoin keeps retesting the $105k price.

I am up 100% with SOXL from the dip 3 weeks ago.
 
River Meadow said:
There are huge advantages to ETFs over single stocks, so that is very wise. Single stock regardless of what it is, is always more risky.

VOO and QQQM are good, but I much prefer something like USCL and QQCL, which are covered call ETFs with 25% leverage. Literally buy and hold forever.
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What is the story with QQQI? I know it’s a new fund that won an award last year and gets a favorable tax treatment by the IRS (maybe even in Canada, if we have analogous provisions, we’d have to check).

Does it work like USCL and QQCL? Like these, it offers a high yield.

I saw an online investor mention it:



Unlike USCL and QQCL, it ‘s in US funds and you’d have to buy it in your RRSP to avoid the US 15% withholding tax.

Current yields:

USCL yield: 13.56%
QQCL yield: 14.56%
QQQI yield: 14.98%

USCL and QQCL seem more favorable to Canadians as you can buy them in CDN funds in your TFSA.

QQQI’s attributes:

 
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Runner77 said:
What is the story with QQQI? I know it’s a new fund that won an award last year and gets a favorable tax treatment by the IRS (maybe even in Canada, if we have analogous provisions, we’d have to check).

Does it work like USCL and QQCL? Like these, it offers a high yield.

I saw an online investor mention it:



Unlike USCL and QQCL, it ‘s in US funds and you’d have to buy it in your RRSP to avoid the US 15% withholding tax.

Current yields:

USCL yield: 13.56%
QQCL yield: 14.56%
QQQI yield: 14.98%

USCL and QQCL seem more favorable to Canadians as you can buy them in CDN funds in your TFSA.

QQQI’s attributes:

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Don't worry about ETFs being 'new' so much as, focus on the underlying holdings and the strategy it uses.

As you said, QQQI tracks Nasdaq 100 just like QQCL, but it's a U.S listed ETF, which has it's own pros/cons, some of which you already pointed out. Definitely only hold U.S listed ETFs in your RRSP and nowhere else for obvious reasons.
 
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River Meadow said:
Don't worry about ETFs being 'new' so much as, focus on the underlying holdings and the strategy it uses.

As you said, QQQI tracks Nasdaq 100 just like QQCL, but it's a U.S listed ETF, which has its own pros/cons, some of which you already pointed out. Definitely only hold U.S listed ETFs in your RRSP and nowhere else for obvious reasons.
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As Canadians, we have a less expensive access to high dividends ETFs with USCL and QQCL.

Looking at the sector overlap, USCL has only 30.33% tracking IT.

www.globalx.ca

Global X Enhanced S&P 500 Covered Call ETF

www.globalx.ca www.globalx.ca

Whereas QQCL is involved at a 51.26% clip in IT.

Yahoo link re QQCL

Would it still be a viable strategy to buy some QQQI to go along with investments in QQCL and USCL?

Also expense ratiio for QQQI is .68% vs. USCL (2.18% MER) and QQCL (2.26% MER).
 
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Runner77 said:
As Canadians, we have a less expensive access to high dividends ETFs with USCL and QQCL.

Looking at the sector overlap, USCL has only 30.33% tracking IT.

www.globalx.ca

Global X Enhanced S&P 500 Covered Call ETF

www.globalx.ca www.globalx.ca

Whereas QQCL is involved at a 51.26% clip in IT.

Yahoo link re QQCL

Would it still be a viable strategy to buy some QQQI to go along with investments in QQCL and USCL?

Also expense ratiio for QQQI is .68% vs. USCL (2.18% MER) and QQCL (2.26% MER).
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QQQI and QQCL (and the other QQQ's) are tracking the Nasdaq which is why they are tech heavy.

USCL is essentially tracking the S&P 500, which is why it's less tech heavy and technically, less volatile as well.

It can be viable to buy QQQI along with QQCL for example, but it may not add much diversification if you already own QQCL or QQQI first, but again, totally fine to do.

At the end of the day, it's all about total returns, and that will drive whether you are interested in holding US listed ETFs like QQQI (or others), while also factoring in the slight hassle with potential fx fees or having to do Norbert's gambit, etc.

I personally hold US listed ETFs in my RRSP. As an FYI, US listed ETFs generally have lower MER than CAN listed ones, but again there's other factors to consider there like the obvious tax implications, etc., so US ones are really only viable for RRSP.
 
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sampollock said:
keep it rolling

how is it doing today?
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S&P 500, we're going to the MOON baby!!!!!!!!

1747151547900.png


Nasdaq 100:

1747151585919.png
 
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