Harvest Diversified High Income Shares ETF (HHIS.TO)

Is indifferent to this. Yields will remain extremely high as long as big tech names remain volatile. If you're bullish, then buy the underlying index without the derivatives. If you're neutral, bearish or need income, these are good at generating tax-efficient income. However, these kinds of ETFs will lag in the long-run.

Distribution is probably ~9%, and they usually try to keep the NAV fairly stable. On distribution, you have to watch how much they're returning in capital, how much is dividend, and how much is options income. Know that if markets come down, this will also come down.

It's made up of single-stock ETFs in one package. Website lists current yield as almost 32%, and that's way too high and not sustainable. Don't trust the yield. Writing calls using "modest leverage" to generate returns. Tax factors are also complicated.

For him, the minute he hears "modest leverage" he's out. Though he has nothing against covered calls.

Takes 15-20 single-stock ETFs held by Harvest, and pools them together -- AVGO, NVDA, LLY, META, CRCL, HOOD, etc. Then it writes covered calls. Don't get fooled by the 29% yield advertised, look at the total return instead (and that's ~15%). 

Quite tech-focused, and that's why the NAV has degraded recently. Probably makes sense to continue to add, as long as not too big a position. Not for a core holding.

Great question. They teach you in chart school to never predict time and price in the same forecast ;)

He suspects that the software side, which got crushed, is closer to better value. Some of the AI names, like GOOG, are perhaps at the higher end of where they might end up settling. Expect some grinding and rotation here over the next number of months. It will be changed by some sort of material change on policy -- no more tariff worries, potential growth coming, etc.

Tech in general, and AI in particular, has a lot of good news priced in. It just has to go through a consolidation period -- months, and perhaps even into 2027. Post-midterm elections, good case to be made for a harder economic downturn.

Gives exposure to big-tech high flyers. An interesting income strategy. But big tech is high valuations. Now is not the time for this. Wait for a big correction and bear market.

New and interesting product, narrow focus. Very tech-heavy, so you get lots of covered-writing income because the stocks move around a lot. But you give up some upside, and he's generally bullish in this area due to AI rollout. To "park money" sounds short term. Its distribution is composed of some dividend, but mostly capital gains and return of capital.

Could pair it with a NASDAQ 100 or Mag 7 ETF to keep some of the upside.

Leverage is 1.25x. Cover writes the portfolio at the money pretty extensively. And that's why the yield is there. Remember that yield is often a return of capital. Caps some of the upside, but likes this one because it's diversified.

If his thesis is correct, broad and diversified exposure to the Canadian market will be in your favour. If he's not right, it'll go the other way.