Larry Berman CFA, CMT, CTA Hamilton US T-Bill Yield Maximizer ETF HBIL-T WEAK BUY Oct 07, 2024

A money-market strategy, which is about as safe as you can get. Not a Guaranteed Investment Certificate, but very close.

That said, during the great financial crisis over a decade ago, many money-market funds were invested in asset-backed commercial paper. There was a credit event, and that market froze up. So these funds sometimes dabble in the credit market a bit. You have to be careful and understand what you own.

This one looks like short-term government money-market bills. But he'd have to do a deeper dive to see exactly. "Maximizer" tells him that there are added features for extra yield. These products tend to be safe generally.

Larry Berman CFA, CMT, CTA

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Can't write covered calls on really short-term assets that don't have volatility. If there's no volatility, there's no options market. Not sure if they're doing that in this ETF, he'll have to unpack this a bit more. What he can see so far is that it's losing $$.

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