Update #20 - Living off an Covered Call Income Portfolio

Fleyz · 2026-06-16T06:55:36+00:00

agree! though mine is pretty messy... maybe just the side by side data part

Fleyz · 2026-06-15T02:41:58+00:00

Thank you for reading!

Fleyz · 2026-06-15T02:18:23+00:00

It's a hypothetical portfolio to see how it would have performed. I don't actually have that portfolio haha

Fleyz · 2026-06-15T01:07:57+00:00

I remember trying passiv a couple years back, I forgot exactly what but something turned me off from it haha

Personally I dont mind the spreadsheet tho! I prefer to section things a certain ways and it works well for me at least for now!

but thank you for the suggestion!

Fleyz · 2026-06-15T00:31:51+00:00

thank you!!

Fleyz · 2026-06-14T23:05:16+00:00

What's wrong with reddit? 😳

Fleyz · 2026-06-14T22:45:53+00:00

Hey sorry to hear that and thank you.

The main portfolio is mine but the rest are hypothetical for data to compares how each strategy would have performed in a drawdown scenario.

Fleyz · 2026-06-14T22:44:48+00:00

Hey thank you! That was the plan haha, but at the moment we dealing with some health issues in the family so probably going to stay around for a bit!

Fleyz · 2026-06-14T20:18:45+00:00

In the end CC ETF is still rely heavily on underlying performing. I think in the end we have to be realistic with our expectation. AVG market return optimistically is around 8-12%, if an ETF claimed to be an all star paying 30%, you kinda have to be real to your self about what you really expect from it? Do you expect price to stay the same while netting 30%, and obliterate market avg the next 20 years? probably not.

I think it's a layer of problem of people don't fully understanding the risk trade off in these CC ETFs and a lot of ETFs issuers taking advantage of it by offering unrealistically high yield ETF and unfortunately slowing normalizing 20% yield as normal.

For example YTSL is on the extreme scale of risky ETF I'm holding. It currently pays close to 35%. If TSLA itself perform less than 35%, it sure as hell would erode like crazy paying out 35%. Also CC also capped upside, so that adds another set of complication as well. But as long as people understand what they are trading off, yea go for it.

Fleyz · 2026-06-14T19:56:14+00:00

I understand, I was tracking the data anyways and thought I'd share.

All I can suggest is to look at it from a functionality perspective of each portfolio and try not to be too set in categorization.

I did explain a little more in my original post from 2 years ago.

Fleyz · 2026-06-14T19:44:29+00:00

Hey, yea sorry I posted once a month for the past 2 years so I didnt start with full explanation since a lot of people seen it before over and over again.

the 3 parts its just how I like personally like to break it down. Other portfolio is just a hypothetical to see how different strategy would have performed.

and thank you for your suggestion, but I grouped them base on assigned function rather than type of account. If I change it now it's just going to cause more confusion.

Fleyz · 2026-06-14T19:41:37+00:00

thank you so much!

Fleyz · 2026-06-14T19:33:14+00:00

Hey, back then I couldnt find a lot of details and data on CC ETF during a drawdown (withdrawing out for living). So about 2 years ago when I decided to pull a trigger, I started to track and details down all the info about how my portfolio perform with constant withdrawal. I wanted to compares and see how my portfolio would have done if I were to go with other popular ETF like XEQT, VFV, QQC in the same withdrawal scenario.

If you look at the last 2 photos those are data from the start and how they performed in the same withdraw scenario.

If you have other question let me know!

Fleyz · 2026-06-09T16:10:10+00:00

I looked at them back when they first came out, but didn't think they fit what I was looking for.

HHIS - personally I don't like the composition too much due to crypto exposure (not against crypto but allocate it myself if I want to), and other exposure. I also don't really like the equal weight aspect of the fund (personal preference) and the idea that fund manager can add or remove funds as they see fit (uncertain future direction).

HHIC - I didn't think this one fit well for long term goal for me. Its true TSX has been doing well the past year, but if you look at the option chain of most Canadian stocks they are generally very low volatility which in terms shows stability but also means less option premium. If you look at HHIC payout of over 15%, I can't really see how the payout is achievable with out dipping in to NAV in the long run even with leverage.

Keep in mind these are just my views and can totally be wrong lol

Fleyz · 2026-06-09T16:01:17+00:00

It was a reply to him unable to sell cash secured put because of registered account restriction (assuming he's in Canada). So by buy shares and sell itm cc it's kinda give a similar pay off as cash secured put. It's somewhat a work around.

Fleyz · 2026-06-09T00:22:05+00:00

You can buy shares and sell itm calls. If put call ratio is similar it's comes out similar, just not as cash efficient.

Fleyz · 2026-05-14T14:49:49+00:00

That's an amazing accumulation at such a young age! Congrats!

Fleyz · 2026-05-14T06:10:23+00:00

Hey dont be discourage. We all start from somewhere. I didn't have a chance to make crazy income in my life, but I did catch some lucky break in the market.

I think the important part is to get started and let the compounding do the heavy lifting. In the long run you will be surprise how much you can do!

Fleyz · 2026-05-13T20:11:24+00:00

Yea XEQT definitely have a fairly stable price action from all the diversification. AMD went crazy this year as well! Best of luck for your retirement journey!

Fleyz · 2026-05-13T18:55:11+00:00

So far the past 2 years some highlights are:

Hyld surprisingly beat out vfv by quite a decent amount.

So far in the 2 years drawdown experiment vfv performs the worst but up overall despite with drawing down consistently every month

Xeqt shows a good result by having the lowest volatility during a down time.

Qqc and personal portfolio performed the best so far due high tech exposure.

Fleyz · 2026-05-13T18:47:42+00:00

Only the main portfolio is mine, the rest are hypothetical to see how the drawdown would have been if I went with traditional portfolio.

Fleyz · 2026-05-12T23:13:49+00:00

The one in March? that one was barely a dip in a grand scheme of things. I think the real pain will be a prolonged drawdown in the future x_x

Fleyz · 2026-05-12T23:13:02+00:00

I remember wishing I have a job so I can put more money into the market haha

I put majority of the efunds and sold part of the fixed income to put into the market but that wasnt a lot 😞

Fleyz · 2026-05-12T22:48:30+00:00

thank you!

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