So last Friday while @paulsantori and I were having beers at his fave watering hole, we were chatting about our portfolios and I mentioned how I added $PAYG a few months ago into my portfolio to diversify my international exposure with my $INTY from evolve. (It was Paul that pointed out PAYG to me back then as part of our COFFEE & CASHFLOW chat) Paul mentioned - well PAYG does have international exposure but it does have a significant North American. I said... "hmm my bad - I knew there was some NA but not significant". Today, I looked into comparing PAYG with INTY and even with the new $HHII from Harvest. I was doing this as I was assessing what will be my next reinvesting target as my cash reserve is reaching my 5% target and will need to start reinvesting again. So I had a long conversation with my CoPilot AI.... and here is the results - surprising me.... PAYG is not really an International focused CC ETF. It is more a North American Big Company ETF with an added international exposure - less than 40% of the underlyings. I told AI that my purpose for PAYG was to diversify my INTY for international exposure. It surprisingly said: "PAYG most closely compares to your HDIV - and not that close to INTY". I asked the top three of my holdings that are most closely structured and perform like PAYG... $HDIV - almost a mirror of PAYG - its a HDIV with an added international bi company add on $HYLD - closely structured to PAYG with US but does not have the PAYG internatuonal exposure $CANY - closely structured but with CAD holdings and no payg international exposure. But it said... honorable mentions are my: $BIGY$HHIS SO... what does this mean for my PAYG in my portfolio? Do I have to correct this and rebalance? ANSWER: NO I dont have to rebalance out of PAYG and consider moving the proceeds to something like the more closely INTY matched NEW etf $HHII . PAYG is a better cashflow generating version of HDIV and I will now consider HDIV and PAYG to be my diversification pairing. I will now decide what will be my INTY's diversification pairing. The newly released HHII from Harvest is the strongest candidate as both are pure non-NA international exposure pure plays. And HHII and INTY take two very different positions on international. INTY is the clear winner over HHII when it comes to maximized cashflow - like ~15% vs 28% (and my priority is cashflow). But HHII is far more underlying broadly diversified than INTY. SO... I might add some HHII as it is truly an ANCHOR and INTY is at the bottom of the BOOSTER category. But if I decide to add HHII... it will likely be a 25-75 split HHII INTY... more weight to INTY. Hope this helped others.
2,270 views
19 Comments
yield @yield · 4hEdited
$PAYG is like $EASY. $HDIV holds only 🇺🇸 & 🇨🇦 PAYG holds 55% 🇺🇸, 5% 🇨🇦, 40% 🌍 EASY holds 45% 🇺🇸, 30% 🇨🇦, 25% 🌍 Similarity: * Global diversification * Semi monthly distributions Differences: * PAYG OTM calls, EASY ATM calls * PAYG uses 25% leverage, EASY 33% Leverage * PAYG holds 20 direct companies, EASY is a Fund of Fund. It holds 3 internal ETF (BIGY CANY INTY) which covers 56 companies.
Paul Santori@paulsantori · 4h
Great times with a great friend!!
Christopher J@cjs033 · 5hEdited
So you’re a Lager and Paul’s an Ale kinda fellow? Great picture! 🤩😆😉
monthly mint@monthlymint · 5h
Keep up great work 👍
Kevin M@kmando · 4h
Legends. 👏🏻
You must have an account to viewCreate an account for the full Blossom experience!
Join the conversation with 500,000+ other investors 💸
Create an account to get access to everything Blossom has to offer!
📊 Personalized algorithm based on your investing style, experience level and interests
📈 Powerful portfolio and dividend tracking tools
👀 See what top creators and others in the community are investing in
