Mike Philbrick Harvest Tech Achievers Growth & Income ETF Class A HTA-T PARTIAL BUY Apr 26, 2024

Harvest is pretty new to ETF space. Takes the best known companies and adds covered call. Problem is that covered calls will most always be outperformed by the companies themselves. Covered calls are great for generating tax-efficient income, but not growth.

Most Harvest ETFs pay a very good yield, because they do the covered call overlay, but some of the charts are choppy. You'd be better off with ZQQ-T. Do you want the straight growth or a covered call?

They pick up major tech stocks and write options on them. Harvest ETFs are good with yield, though not growth. Overall, it's fine.

Growth and income for large tech companies.
Very strong performance. 
Wait to buy when price falls. 
Not a good short term investment.
Need to wait a long time for investment.

He'd be more cautious of HTA, because if he's going to take the risk of tech, he wants to have the full growth potential of that and not be somewhat coralled by covered calls. On tech, he'd be doing ZQQ.

A covered call ETF that's done very well because it holds tech. Nothing wrong with that, but remember that the covered call acts as an underlying drag on the underlying stocks. If he's investing in higher-risk including tech, he doesn't want covered calls, but likes them on dividend payers and banks. As for tech, he expects an earnings problem in the next few months.

In a good space that favours growth over value, and the holdings in this one would be along those lines. You get the mega-caps as well as some of the smaller names, diversified across areas in the tech landscape. Good holding.

Anytime you hold growth, you're going to see some swings. Must consider your timeframe and what amount of volatility you're comfortable with. If you bought today and didn't look at it for 6-7 months, he'd be really surprised if you didn't see some upside.