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Curious to know how many of you are invested in HDIF? And what your thoughts are down below! 😀
did you learn about this ETF on my channel? 🙂
Have you invested in this ETF?
I don’t have it but thinking of if what I have is hdiv from Hamilton
@Passive Income Investing I did
Gonna be really interesting to see how this new ETF holds up as this bear market plays out in the coming months.
If the market goes sideways for a while it will provide an opposite to improve covered call income, but if the market makes a sharp reversal they risk having a lot of equity being called away
Thanks a lot Brandon for walking us through this complex ETF. I do have one question though. I noticed there are many US stocks involved. Let’s say I hold this ETF in my RRSP. What happens with the 15% witholding tax, since this ETF trades in Canadian dollars? Thanks in advance!
doesn’t matter, the fund pays with-olding tax anyways
There is a tax treaty between US & Canada for Registered retirement accounts so there is no such 15% withholding tax on those accounts. For that reason, RRSP is a good place to put your dividend paying US investments in general. The question started well because the fund company does not mention anything about taxes, but the question shoukd have ended by “in a non-registered account”, how will it be taxed? foreign income, cap gain div, return of capital, interest? without that information, cannot just “close my eyes and hope for the best” or “leave it to a choix du chef” decision.
This is currently the 2nd largest position in my income portfolio currently down about 10% so so I’m happy to be able to dollar cost average into this etf long term hold 🙂
🙂 i like it
Great video bud!!
new price for this thing is 7.67 down almost 30% since inception and 7-8% since you shot this video
Why is the yield on wealthsimple 4.53%? That’s a huge difference from the 10% you were saying
I hesitated buying it on WS for this reason. I hope someone can explain this.
Weathsimple does a yearly calculation, this fund is not a year old
Thank you Mike. That makes sense.
As usual Brandon you make sense. If I was a young investor with maybe just a few thousand dollars in savings,this fund would be near the top or at the top of my list. Sure it’s not sexy,but for those who want to grow their wealth without a lot of risk,this etf is great! In fact I have my child’s resp in cash and this fund. It grows consistently and That’s what we want.
I couldn’t stomach this in my kid’s RESP. Too much risk of my capital being reduced in a scenario where I need that capital for a specific purpose. I might use this to “juice” my retirement income where I’m a little less concerned with the value of the underlying capital but this is not my choice for total return in an RESP. Not by a long shot.
I own some of this. Happy so far! Of course, it has dropped over 20% this year, but I expect it to recover. But… who knows?
The challenge will be that as the underlying stocks recover there will be increased risk of the covered calls getting called away which could greatly impact the upside. They need the covered call income to meet their yield needs, but they risk having their holdings called away.
How much would the monthly distribution be on $10,000
About $89.
HYLD, HDIV, HDIF & EIT are my 4 largest holdings.
What is the manage fees in that?
On wealthsimpe, It’s current yield is 4.53%. Why so?
Weathsimple shows a trailing yield and the fund isn’t a year old yet
is the yield % AFTER the MER?
This is why I I’m not in the investing academy any longer. Brandon doesn’t believe in this type of investing. He has said that on numerous occasions but now the company is paying his channel and he is selling you on the etf.
You should make a video on Hamilton’s HYLD on the TSX.