Opinions
Larry Berman CFA, CMT, CTA
Hamilton US T-Bill Yield Maximizer ETF
HBIL-T
WAIT
Nov 18, 2024
$15.660
Stock price when the opinion was issued
0
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
WEAK BUY
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.
0
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 $$.