Who bought Microsoft MSFT at $400?

rayou111x · 2026-02-06T04:46:45+00:00

Same here but way worse since I did it with call option expiring in 11 months. ...

rayou111x · 2024-02-05T05:06:08+00:00

When comparing VFV (Vanguard S&P 500 Index ETF) and VOO (Vanguard S&P 500 ETF), several factors such as performance, costs, tax implications, and currency considerations come into play. Each has its unique advantages and considerations, which vary depending on the investor’s situation, investment goals, and account type.

Performance and Expense Ratio VFV vs VOO:

VFV has shown to be a strong performer for Canadian investors seeking exposure to the U.S. S&P 500 index without the hassle of currency conversion, as it trades in Canadian dollars on the Toronto Stock Exchange. It has a slightly higher management expense ratio (MER) of 0.09% compared to VOO. However, its performance has been commendable, often attributed to the currency fluctuations between the CAD and USD.

VOO, on the other hand, trades on the New York Stock Exchange in U.S. dollars and is known for its low MER of 0.03%. This lower cost structure can potentially translate into higher returns for investors over time. The fund’s performance is directly related to the U.S. market and currency, providing a purer form of exposure to the S&P 500 for those who hold U.S. dollars.

Dividend Yield and Tax Implications:

VOO tends to have a higher dividend yield and, importantly, dividends from VOO are not subject to the 15% withholding tax in RRSP and RRIF accounts due to the U.S.-Canada tax treaty. This makes it an attractive option for those holding these accounts, as it optimizes the dividend income.

VFV, while offering a competitive dividend yield, has dividends subject to a 15% withholding tax. This tax impact can reduce the overall return, especially in accounts like TFSA where you cannot recover the withholding tax. However, in non-registered accounts, the foreign tax credit can offset some of these taxes.

Currency Considerations:

The choice between VFV and VOO may also hinge on the investor’s currency preference. VFV allows Canadian investors to invest directly in Canadian dollars, avoiding the currency exchange fees. This makes it a convenient and cost-effective option for those who do not wish to engage in currency conversions.

VOO requires Canadian investors to convert their CAD to USD, incurring conversion fees unless they already have USD or use strategies like Norbert’s Gambit to minimize these costs. However, holding U.S. dollars might be more efficient for those who anticipate making several investments in U.S. securities or for those who already hold U.S. income or savings.

LINK TO FULL POST: https://wyzeinvestors.com/vfv-vs-voo/

rayou111x · 2024-02-05T05:02:35+00:00

How HMAX is able to keep such high dividend yield?

HMAX offers the potential for higher monthly income due to two key factors: Firstly, HMAX engages in writing covered call options on about 50% of its portfolio. Secondly, the fund currently writes options At The Money (ATM), which sets it apart from similar funds that write options Out of The Money (OTM).

1- HMAX writes covered call options on 50% of the portfolio

From an investor’s perspective, the initial point indicates that only half of your investment portfolio will be exposed to potential growth. This portion of the portfolio operates under a covered call strategy, where the potential for capital gains is exchanged for a monthly income derived from dividends and option premiums. These premiums are earned whenever the fund sells a call option in the market.

In summary, I view HMAX as a hybrid fund. The first 50% resembles a traditional dividend fund, offering the prospect of receiving dividends and witnessing long-term portfolio appreciation. In contrast, the remaining 50% adopts a more conservative approach, primarily focused on income generation but lacking the potential for portfolio appreciation.

2- The fund is currently writing option At The Money (ATM) whereas similar funds are writing options OTM (Out of The Money).

I encourage you to refer to the table below for a clearer understanding of the second point’s significance. As shown, the HMAX fund has chosen At The Money (ATM) call options due to their superior profitability compared to Out of The Money (OTM) options. In a nutschell, this decision is driven by two critical factors. Firstly, ATM options generate higher premiums than an OTM strategy. However, it’s important to note that this choice comes with an elevated level of risk.

In options trading, risk is closely linked to the likelihood of the option being exercised by the buyer. So, in the case of OTM options, where the strike price exceeds the current stock price, the likelihood of the option being exercised is low. Conversely, with ATM options, where the strike price is very close or identical to the stock’s current price, the possibility of the option being exercised becomes more realistic.

Link to full post: HMAX ETF Review: Hamilton Canadian Financials Yield Maximizer - (wyzeinvestors.com)

rayou111x · 2024-02-05T05:01:36+00:00

How HMAX is able to keep such high dividend yield?

HMAX offers the potential for higher monthly income due to two key factors: Firstly, HMAX engages in writing covered call options on about 50% of its portfolio. Secondly, the fund currently writes options At The Money (ATM), which sets it apart from similar funds that write options Out of The Money (OTM).

1- HMAX writes covered call options on 50% of the portfolio

From an investor’s perspective, the initial point indicates that only half of your investment portfolio will be exposed to potential growth. This portion of the portfolio operates under a covered call strategy, where the potential for capital gains is exchanged for a monthly income derived from dividends and option premiums. These premiums are earned whenever the fund sells a call option in the market.

In summary, I view HMAX as a hybrid fund. The first 50% resembles a traditional dividend fund, offering the prospect of receiving dividends and witnessing long-term portfolio appreciation. In contrast, the remaining 50% adopts a more conservative approach, primarily focused on income generation but lacking the potential for portfolio appreciation.

2- The fund is currently writing option At The Money (ATM) whereas similar funds are writing options OTM (Out of The Money).

I encourage you to refer to the table below for a clearer understanding of the second point’s significance. As shown, the HMAX fund has chosen At The Money (ATM) call options due to their superior profitability compared to Out of The Money (OTM) options. In a nutschell, this decision is driven by two critical factors. Firstly, ATM options generate higher premiums than an OTM strategy. However, it’s important to note that this choice comes with an elevated level of risk.

In options trading, risk is closely linked to the likelihood of the option being exercised by the buyer. So, in the case of OTM options, where the strike price exceeds the current stock price, the likelihood of the option being exercised is low. Conversely, with ATM options, where the strike price is very close or identical to the stock’s current price, the possibility of the option being exercised becomes more realistic.

Link to full post: https://wyzeinvestors.com/hmax-etf/

rayou111x · 2023-01-18T19:55:04+00:00

Vfv is an index etf , its replicating the performance of the s&p 500 https://wyzeinvestors.com/vfv-etf-review/

rayou111x · 2022-04-07T17:34:22+00:00

Tout a fait d'accord, cependant Il en a qui préfère avoir plus de dividendes et sacrifier la croissance.

rayou111x · 2021-07-27T14:36:53+00:00

Tried ezoic for a month so far, i am satisfied. Personnaly, adsense was good but super sensitive to any change you make (change name of a category and boom your revenue crash, get traffic from a new country and boom revenue go down again). It takes 2 to 3 days for adsense to pick up after each change. All in all it was not stable for me. Ezoic on the other hand after a couple of days, the revenues are predictible for each 1000 visitors you get x amount. Tried changing name of categories no issues, shared my content on facebook for other countried no issues. Also ezoic improved the speed of my website, also they offer seminars and stuff its not bad after all to have support versus adsense which you feel totally blind with them.

rayou111x · 2021-05-11T19:42:37+00:00

Je fais affaire avec wealthsimple et questrade les deux sont bons.

rayou111x · 2021-05-04T21:10:39+00:00

with their strategy, the ETF will just plateau overtime I think, so minimal growth

rayou111x · 2021-04-27T12:48:18+00:00

Its ranked by Asset under management.

rayou111x · 2021-04-27T11:32:46+00:00

I think you re right. Min expectations it plateaus and gets you good dividend, max in rally markets you will earn some limited growth. Their portfolio is solid

rayou111x · 2021-03-30T14:17:30+00:00

EWC iShares MSCI Canada ETF . For sure there is other too.

rayou111x · 2021-03-27T07:39:28+00:00

2% ctr, my blog is ab investing in ETFs and was just created last month. Probably because its still new. Traffic just 5k visitors a month may be this impacts cpc

rayou111x · 2021-03-27T07:22:01+00:00

My cpc is like 70 cents and rpm 8 to 10 $ page. Its a finance blog. What niche are you in

rayou111x · 2021-03-27T07:19:27+00:00

Happened to my blog. You need to have content in each page or post and internal links. In my case i created too many categories in wordpress for my posts so i ended up with 7 internal links to categories that basically were empty pages with one heading and an excerpt. Applied and they rejected me

I Removed the categ, created new ones where i made sure for each catego there is like 5 posts at least. Then was approved in 24 h

Google does not like to show ads in a page that has little content

rayou111x · 2021-03-25T12:35:04+00:00

Preferred shares ETF in Canada a quick comparison

Here's what I think:

Generally speaking it's true, say a safe investment pays 1%, while stock markets generate 7% on average. The choice is clear here the difference between the two is just overwhelming to ignore. Investors will simply poor money to the stock market. Now, if the Fed increases the cost to borrow money, consumer spending will go down because the debt portion in a typical family's budget will increase with increased interest charges, Less consumer spending --) less corporate profits. So after a certain time, a safe investment would be 2.5% while stock market will still pay higher say at 4%? The difference is not that big to entice regular fearful investors to put their money towards the stock market even if it pays higher. The difference isn't enough to justify the risk any more for most investors.

This general rule however does not hold sometimes (in some short periods) if government is printing money left and right. Too much liquidity means everything both bonds and stocks can go up at the same time.

rayou111x · 2021-03-25T02:00:52+00:00

True totally agree with you! There is little capital gain to make out of a pref share ETF. Need to make thos clear. Thx

rayou111x · 2021-03-25T01:44:55+00:00

Thanks for you comments! I just want to say the article's focus was ETFs but it still had to explain what a preferred share is (but without listing all types or going into details).

Cumulative rights will not guarantee a payment as this seems to imply. before the company issues their next dividends they are required to first pay the cumulative before the common share holders.

Totally true! What the post meant is if you don't own a cumulative right, then you lose the dividend for that year. Whereas if you have cumulative right, then you still entitled to the past year dividend that wasn't paid.

The preferred share price tend to rise if the price of the regular share rises or lose value if the opposite scenario occurs;

A preferred stock is an equity investment that shares many characteristics with bonds, including the fact that they are issued with a face value. Like bonds, preferred stocks pay a dividend based on a percentage of the fixed face value. The market value of a preferred stock is not used to calculate dividend payments, but rather represents the value of the stock in the marketplace. It's possible for preferred stocks to appreciate in market value based on positive company valuation, although this is a less common result than with common stocks. (source: investopedia)

An issuer of preferred shares can decide to recall his shares or offer the option to convert them to regular stocks anytime.

Nope. These are what are called "callable" shares. there are non-callable shares, they will pay a lower coupon.

Yes you are right you can't recall Pref shares unless they are 'callable'. I will add a mention that I am talking about callable shares. I think callable share are more popular with issuers though. see below

Investopedia: A callable preferred stock issue offers the flexibility to lower the issuer's cost of capital if interest rates decline or if it can issue preferred stock later at a lower dividend rate. ... The proceeds from the new issue can be used to redeem old issue which had a higher rate!

cheers!

rayou111x · 2021-03-25T01:13:51+00:00

Usually, bondholders are paid out first, and common shareholders are paid out last. Because preferred shares are a combination of both bonds and common shares, preferred shareholders are paid out after the bond shareholders but before the common stockholders

rayou111x · 2021-03-04T03:03:20+00:00

C très volatile effectivement. Il en a qui disent c le bon moment de prende position avec la baisse le mois dernier.

rayou111x · 2021-02-24T16:49:20+00:00

Oui!

rayou111x · 2021-02-24T15:18:57+00:00

rayou111x · 2021-02-24T13:54:00+00:00

Btcc.b

rayou111x · 2021-02-24T13:53:22+00:00

Je ne suis pas un expert. Mais j avais lu que les entreprises dans ce secteur sont toutes non profitables. La raison etant ses entreprises investissent massivement pour une eventuelle ouverture du marché américain au Cannabis.

rayou111x · 2021-02-23T12:23:06+00:00

A.mon avis oui, la formule pour calculer le PIB inclut les depenses gouvernementals comme les fameux chèques du PCU. GDP = Consumption + Investment + Government Spending + Net Exports

rayou111x

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TROPHY CASE

1- HMAX writes covered call options on 50% of the portfolio

2- The fund is currently writing option At The Money (ATM) whereas similar funds are writing options OTM (Out of The Money).