In recent months I've been day trading and jumping from one CC ETF to the next CC ETF. Yesterday, though, my wife and I bought about 31,000 shares of $ECHI and now we're just going to sit back and let the distributions pay the bills. If all goes well we won't touch it but I won't hesitate to trade it for another ETF or go 50/50 with another one if the solid Canadian companies that it holds suddenly become not so solid. * I'm 58 and retired and this is my only source of income so I'm not interested in holdings with expected long-term growth, I'm looking for immediate cash. 💰💰💰
4,854 views
45 Comments
yield @yield · 3dEdited
$CDAY is the best of all Canadian covered call ETF which holds Canadian underlying… It has 100% upside. No covered call written on the 100% of the portfolio which holds 25 dividend companies. It generate income via VOO holding (from the borrowed 25% leverage) ECHI also leverage with 25%
